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Fri Feb 14, 2020, 08:29 AM

How do you explain why America's economy is performing better than the rest of

the world? Takers?

29 replies, 377 views

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Reply How do you explain why America's economy is performing better than the rest of (Original post)
Dumper Friday OP
GoldwatersSoul Friday #1
Dumper Friday #4
Charlie Mike Friday #2
GoldwatersSoul Friday #3
Valishin Friday #28
rampartb Friday #5
Da Mannn Friday #6
Cold Warrior Friday #11
GoldwatersSoul Friday #18
rampartb Friday #12
GoldwatersSoul Friday #17
GoldwatersSoul Friday #10
Cold Warrior Friday #7
Dumper Friday #8
Steelydamned Friday #13
GoldwatersSoul Friday #14
Charlie Mike Friday #19
GoldwatersSoul Friday #20
Steelydamned Friday #21
Charlie Mike Friday #22
GoldwatersSoul Friday #24
shogun Friday #9
GoldwatersSoul Friday #16
Charlie Mike Friday #23
GoldwatersSoul Friday #25
shogun Friday #29
LineReply .
Carlos W Bush Friday #15
foia Friday #26
Trumplethinskin Friday #27

Response to Dumper (Original post)

Fri Feb 14, 2020, 08:43 AM

1. Are you asking in earnest???

If so I would be happy to express the facts of the matter.

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Response to GoldwatersSoul (Reply #1)

Fri Feb 14, 2020, 09:06 AM

4. Yes, the answer is kinda obvious, but I wondered how the 'woke' would answer!

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Response to Dumper (Original post)

Fri Feb 14, 2020, 08:48 AM

2. Just remember: the next time the Left tries to give credit for the economy to Obama tell them

"Oh. So, Trump cutting taxes and gutting regulations didn't do anything to disrupt the Obonomy."

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Response to Charlie Mike (Reply #2)

Fri Feb 14, 2020, 09:05 AM

3. In a way...

Obama DID set up Trump...just not in the way the left believes.

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Response to GoldwatersSoul (Reply #3)

Fri Feb 14, 2020, 11:50 AM

28. Obama created

tension in the business world that Trump's election was able to reverse. The reason Trump has been so good for the economy is less about the policies he implements although those do have an impact. The real reason is the policies he does not implement or more specifically what the business world knows he won't try to do. A great deal of economic success is about comfort and predictability. The moment Trump came into office executives knew they could make decisions without having to worry about when the government was going to try to cannibalize them.

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Response to Dumper (Original post)

Fri Feb 14, 2020, 09:13 AM

5. a trillion per year in deficit spending should be priming the ol' keynesian pump.

anyone care to explain where all that money is going?

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Response to rampartb (Reply #5)

Fri Feb 14, 2020, 09:16 AM

6. Where were you durring the 0bamy deficits?

Kinda funny you are only just now concerned

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Response to Da Mannn (Reply #6)

Fri Feb 14, 2020, 09:27 AM

11. Were you concerned about the Obama deficits?

Kinda funny you’re not worried about Dumpie’s.

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Response to Cold Warrior (Reply #11)

Fri Feb 14, 2020, 09:46 AM

18. I dont like either...

Unfortunately the vast majority is on military and entitlement spending.

We cant even discuss adjusting entitlement spending. As if Social Security is a perfect program...it isnt....straight theft by the government but until we can get it under control we will deal with a difficult economic situation.

I would recommend elimination of bases around the world...reduction of forces...but then we have to put them to work.

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Response to Da Mannn (Reply #6)

Fri Feb 14, 2020, 09:34 AM

12. i'm not too concerbed now

merely amused that conservatives still deny that keynes' model works.

it would work much better, by the way, if the money were spent on the American needy rather than international corporate interests

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Response to rampartb (Reply #12)

Fri Feb 14, 2020, 09:42 AM

17. Keynes...

Does have SOME value. It doesnt work over the long term because governments arent run by economists and there is no consensus on what a "good," economy is. Keynes priming has been used without the converse for 90 years now.

It isnt a practical model.

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Response to rampartb (Reply #5)

Fri Feb 14, 2020, 09:27 AM

10. Sure...

We use Keynsian to prime the economy but we spend in seemingly good economics times as well.

Here's the thing. While Keynsian deficit spending COULD be a culprit in getting the economy moving....that wouldnt increase the value of private companies as much as they have risen. That value increase has to do with business activity and asset growth.

The other change has a lot to do with the cut in corporate tax cuts. Billions in foreign earnings were parked in different countries...the minute the taxes were cut...they were written down and repatriated.

A lot of this is administration and credit goes where credit is due.

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Response to Dumper (Original post)

Fri Feb 14, 2020, 09:18 AM

7. Running up $1T+ a year in debt and QE on steroids?

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Response to Cold Warrior (Reply #7)

Fri Feb 14, 2020, 09:22 AM

8. Nah, soaring consumer confidence is the key! It began overnight immediately

following Trump's election.

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Response to Cold Warrior (Reply #7)

Fri Feb 14, 2020, 09:36 AM

13. Many of us here have discussed our displeasure....

....with running up the debt and operating under perpetual deficits. Much like we have also discussed the notable glaring hypocrisy when anything resembling real cuts to spending are ever introduced.

Try to cut any government program and it's Armageddon. Borrow to meet out obligations; looming apocalypse.

But no one wants to talk about the out of control spending being postulated by Dem candidates.

I'm all for cutting EVERYTHING until we have a balanced budget and are spending only what we need to without having to borrow a cent.

But usually when I bring it up in a thread......"crickets"

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Response to Cold Warrior (Reply #7)

Fri Feb 14, 2020, 09:37 AM

14. How do you account for...

The increase in value of companies across the board? Both privately abd publicly held.

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Response to Cold Warrior (Reply #7)

Fri Feb 14, 2020, 09:51 AM

19. The welfare state needs to be gutted. There's no justification in this economy.

And the savings should be directed towards buying down our debt.

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Response to Charlie Mike (Reply #19)

Fri Feb 14, 2020, 10:03 AM

20. Welfare...

Is a tiny part of the problem. Entitlement reform should be where we focus energy.

Privatize Social security. Reorganize Medicare...

My idea? Forgiveness of student loans for pro bono medicare work.

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Response to GoldwatersSoul (Reply #20)

Fri Feb 14, 2020, 10:04 AM

21. This

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Response to GoldwatersSoul (Reply #20)

Fri Feb 14, 2020, 10:05 AM

22. What good are gender studies majors in the medical field?

You can't even get the little mush heads to accurately account for sex.

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Response to Charlie Mike (Reply #22)

Fri Feb 14, 2020, 10:07 AM

24. Obviously...

Student loan forgiveness in this respect would be for those who could benefit medical fields.

Doctors, nurses, etc.

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Response to Dumper (Original post)

Fri Feb 14, 2020, 09:26 AM

9. 8 years of Obama encouraging American business and investment

As well as American products and manufacturing. It took 7-8 years though up until he was at the end of his term for the affects to take place.

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Response to shogun (Reply #9)

Fri Feb 14, 2020, 09:38 AM

16. Except he didnt do that.

Obama expressed some rhetoric but then de-incentivized through administrative actions and taxation

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Response to GoldwatersSoul (Reply #16)

Fri Feb 14, 2020, 10:05 AM

23. I'm going to say that was sarcasm.

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Response to Charlie Mike (Reply #23)

Fri Feb 14, 2020, 10:09 AM

25. Maybe...

I keep hearing Obama did this.

Like the guy who complains about wealthy people who donate money to charity.

But he is the more valuable because he raises awareness on facebook.

Happened to me...true story.

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Response to Charlie Mike (Reply #23)

Fri Feb 14, 2020, 12:06 PM

29. Sarcasm at a professional level

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Response to Dumper (Original post)

Fri Feb 14, 2020, 09:37 AM

15. .

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Response to Dumper (Original post)

Fri Feb 14, 2020, 10:27 AM

26. Markets, corporations, hirers, consumers

Don't make economic decisions based on who the last president and what his policies were. They make these decisions based upon what's going on with the current economy and what they think current policies bode for the future..

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Response to Dumper (Original post)

Fri Feb 14, 2020, 11:45 AM

27. Obama created an amazing economic foundation

That even Trump can't screw up. We never had a double dip that Righty predicted for 8 years.

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