• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

I thought the economy was supposed to be fantastic...

I don't know why he's bothering. The moment the economy goes south the liars will just blame liberals and move on.

He's worrying about the people who claimed that the economy recovered in spite of Obama just because Obama was a Democrat, and then when Trump inherited that economy but it slowed down they gave Trump exclusive credit for it, because **** basic human decency, that's why.

If it goes south before 2020, they'll say it went south because it looked like Democrat challengers might beat Trump. If after 2020, it'll be because they in fact beat Trump. If it happens after 2020 and Trump somehow win, it will be because they're in the deep state and in the fed, working to hurt Trump. They'll say anything.
 
Last edited:
Trump should just provide a MAGA dividend to each and every American. A $2000 cheque to every man woman and child in the US just because America is great again.

The Treasury and Fed could monetize it, no extra debt to the government and watch consumer spending soar.
 
Lord Tammerlain said:
Trump should just provide a MAGA dividend to each and every American. A $2000 cheque to every man woman and child in the US just because America is great again.

The Treasury and Fed could monetize it, no extra debt to the government and watch consumer spending soar.
Click to expand...

Consumer spending is already soaring.
 
Mycroft said:
Consumer spending is already soaring.
Click to expand...

This would make it even bigger the biggest boost to consumer spending the world has ever seen. It would be the great boon to the economy ever in the history of economies
 
Mycroft said:
Consumer spending is already soaring.
Click to expand...
In what alternative reality?

Latest numbers from June has growing at 0.3%.

Sent from my Honor 8X using Tapatalk
 
Rogue Valley said:
You want Trump and the GOP to engage in ....... gasp ........... SOCIALISM?
Click to expand...

Not socialism

Notice I said a MAGA dividend. It is like American is a corporation and each American is a shareholder. Shareholders get dividends when a company is doing well. Corporations are not socialism, so the cheque is not socialism
 
Lord Tammerlain said:
This would make it even bigger the biggest boost to consumer spending the world has ever seen. It would be the great boon to the economy ever in the history of economies
Click to expand...

Are you willing to increase deficit spending and the national debt to give people a temporary "sugar rush"...as some people characterize it?
 
poweRob said:
Then why is trump admin getting so scared?

White House officials eyeing payroll tax cut in effort to reverse weakening economy

https://www.washingtonpost.com/busi...7212_story.html#click=https://t.co/VRNpfw0PlY​
Click to expand...

Because, as we all know, Trump is a moron and his policies ruined Obama's thriving economy.

dow-jones-10y.png


But, hey. I am sure that 40% of the Trumpeteers will gladly lose their house as long as they can own the libs for another week on sicial media. So, don't expect any of them to admit this is a mess.
 
Mycroft said:
Are you willing to increase deficit spending and the national debt to give people a temporary "sugar rush"...as some people characterize it?
Click to expand...

Notice I said the Feb and Treasury can monetize the cheques. (ie no debt, just magic money) Helicopter Ben Bernanke suggested something similar in the past
 
Mycroft said:
Consumer spending is already soaring.
Click to expand...

:roll:

American consumers are holding up the global economy. But for how long?


...a number of developments could shift this view.

...

One of the most reliable warning signs arrived Friday, when the University of Michigan’s consumer confidence index fell to a *seven-month low, and the index measuring Americans’ outlook for the future dropped even further.

It was “the first indication that the U.S. consumer might not save the world economy after all,” Paul Ashworth, chief U.S. economist for Capital Economics, wrote in a note to clients.
Click to expand...
 
calamity said:
Because, as we all know, Trump is a moron and his policies ruined Obama's thriving economy.

dow-jones-10y.png


But, hey. I am sure that 40% of the Trumpeteers will gladly lose their house as long as they can own the libs for another week on sicial media. So, don't expect any of them to admit this is a mess.
Click to expand...


Looks pretty flat in 2015 and most of 2016 until early November - I wonder what game changing event happened in early November 2016 that would cause the dramatic and continuing upslope.
 
PeteEU said:
In what alternative reality?

Latest numbers from June has growing at 0.3%.

Sent from my Honor 8X using Tapatalk
Click to expand...

US consumer spending has risen nearly a TRILLION dollars since Trump was inaugurated.

Consumer Spending in the United States increased to 13241.08 USD Billion in the second quarter of 2019 from 13103.32 USD Billion in the first quarter of 2019. Consumer Spending in the United States averaged 5845.94 USD Billion from 1950 until 2019, reaching an all time high of 13241.08 USD Billion in the second quarter of 2019 and a record low of 1403.69 USD Billion in the first quarter of 1950.

United States Consumer Spending | 2019 | Data | Chart | Calendar | Forecast
Click to expand...

There's also a very revealing graph at that link.
 
Mycroft said:
US consumer spending has risen nearly a TRILLION dollars since Trump was inaugurated.



There's also a very revealing graph at that link.
Click to expand...

So has consumer debt. :lamo

US-consumer-credit-total-2018-Q3.png
 
Lord Tammerlain said:
Notice I said the Feb and Treasury can monetize the cheques. (ie no debt, just magic money) Helicopter Ben Bernanke suggested something similar in the past
Click to expand...

Nobody took that seriously in the past and nobody will take that seriously now.

Moving on...
 
calamity said:
Because, as we all know, Trump is a moron and his policies ruined Obama's thriving economy.

dow-jones-10y.png


But, hey. I am sure that 40% of the Trumpeteers will gladly lose their house as long as they can own the libs for another week on sicial media. So, don't expect any of them to admit this is a mess.
Click to expand...
When you said Trump ruined Obama's thriving economy, I thought you were trying for irony. For sure, the graph shows differently. The bulk of the growth is after Trump took office.

There are real issues, though most of them have little to do with Trump or the US economy. The mess in Europe is going to be felt in the business sector. The private sector is still better insulated, but not completely. One area that is impacted is the debt market, which are distorted by negative effective interest on European bonds. This in turn makes it very difficult for the Fed to do anything effective. The tail is wagging the dog.

So, you are half right. The Conservatives will blame the liberals, just the ones running the EU into ground, not the ones in Washington.
 
According to Trump’s rally in NH we are all rich. Could have fooled me.
 
Let's just say the Washington Compost isn't the best source for accurate information. The real picture is that the US economy is fairly healthy, but the world economy is slowing. Here's a better article from a non biased source:

Commentary: The US economy is fine, but trade storms are gathering

Steady activity and strong drivers

The latest comprehensive survey evidence on 90% of the U.S. economy, reported earlier this month by the Institute of Supply Management (ISM), showed that output continued to grow during July in 13 out of 18 non-manufacturing industries under review.

The activity for the sector as a whole indicated uninterrupted growth for 114 consecutive months.

According to that survey, employment was growing, supplier deliveries were slowing, inventories were falling and prices were declining. All those are encouraging signs for a steady growth of output and employment in the months ahead.

The ISM also reported that the index of manufacturing activity last month remained in the positive territory, while staying on a downward trend for nearly three years. The manufacturers’ employment grew, customers’ inventories were too low and prices decreased at a faster rate, the index showed.

And there was more evidence last week on the largely outsourced U.S. manufacturing sector. The monthly survey of the Federal Reserve showed that the industrial output was stagnant since the beginning of the year, but it still eked out a 0.5% increase in the 12 months to July.

That is the freshest snapshot of the U.S. economy we have at the moment.
 
Mycroft said:
Are you willing to increase deficit spending and the national debt to give people a temporary "sugar rush"...as some people characterize it?
Click to expand...

No.. that would be trump. Trillion dollar deficit and doling out checks to all the farmers hes screwed with his tariffs. But im sure you worship that idea because.... Maga ya know.
 
Carleen said:
According to Trump’s rally in NH we are all rich. Could have fooled me.
Click to expand...

it's because you didn't pull your bootstraps hard enough. also, we haven't let the hyper-rich raid the treasury enough yet.
 
You must log in or register to reply here.
Back
Top Bottom