• 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...

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...

All on the credit card apparently. That matches trumps annual deficit.
 
It's a pity. The Washington Post used to be a reliable news source. Now the Washington Times is as good and often better. How the mighty have fallen.

We are not going to be able to avoid all the fallout from the European Union. When Germany's economy is in trouble, you know it's bad. Their debt is selling at negative effective interest, which distorts our market yields and renders a lot of the Fed's potential monetary policies impotent. China isn't as bad, but they have their own problems. I expect them to cut a deal on trade fairly soon.
 
Wouldn't do anything to forestall a recession, but would certainly hasten the collapse of social security and medicare.
 
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...

hey! That's Andrew Yang's plan.
 
Jay59 said:
It's a pity. The Washington Post used to be a reliable news source. Now the Washington Times is as good and often better. How the mighty have fallen.

We are not going to be able to avoid all the fallout from the European Union. When Germany's economy is in trouble, you know it's bad. Their debt is selling at negative effective interest, which distorts our market yields and renders a lot of the Fed's potential monetary policies impotent. China isn't as bad, but they have their own problems. I expect them to cut a deal on trade fairly soon.
Click to expand...

:lol:

What a bunch of total bull. The Mooney Times is still ever as looney hackish as it always has been. It's barely any better than Infowars or National Enquirer.
 
Mr Person said:
I don't know why he's bothering. The moment the economy goes south the liars will just blame liberals and move on.
Click to expand...

You know what would be ironic, is if the economic crash was delayed until after a Democrat is elected, so while the Democrat had nothing to do with it, they could blame them. It'd be as if the 2008 crash had happened a year later, just after Obama was elected. Imagine how much Obama would have been blamed (he still is by some who lie that the crash happened during his presidency).
 
poweRob said:
:lol:What a bunch of total bull. The Mooney Times is still ever as looney hackish as it always has been. It's barely any better than Infowars or National Enquirer.
Click to expand...
It was never that bad, but it was in a different league for a long time. When the Post abandoned journalism for storytelling, some of the real journalists had to the step down, thereby lifting the Times up.
 
Jay59 said:
It was never that bad, but it was in a different league for a long time. When the Post abandoned journalism for storytelling, some of the real journalists had to the step down, thereby lifting the Times up.
Click to expand...

It's a click bait site that is hackish trash. They are not in this for reporting news. They are solely agenda driven and right-wingers wish to project that behavior on actual news organizations so as to sew distrust in facts and control the narratives by guiding people to such disdainful sources. Simple as that.
 
Last edited:
calamity said:
So has consumer debt. :lamo

US-consumer-credit-total-2018-Q3.png
Click to expand...
Yeah, when people are enthusiastic about the nation's financial status and their own the are more willing to take on addition debt.
 
Bullseye said:
Yeah, when people are enthusiastic about the nation's financial status and their own the are more willing to take on addition debt.
Click to expand...

Well that's a **** excuse.
 
Bullseye said:
It's actually an accepted economic principle.
Click to expand...

Not in this context. In this context it's just you making excuses as to why everyone is deeper in debt personally and nationally as trump takes our economy from Obama's prosperity economy and puts it into trillion dollar a year deficits.
 
poweRob said:
Not in this context. In this context it's just you making excuses as to why everyone is deeper in debt personally and nationally as trump takes our economy from Obama's prosperity economy and puts it into trillion dollar a year deficits.
Click to expand...
Sorry, no. Your just having a TDS attack.
 
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...

A payroll tax cut is going to cause the poor and middle class to owe more taxes on the 1040. Trump gave the wealthiest tax relief and only the wealthiest. What’s the point of tinkering with a payroll tax at this point? Our tax brackets remain the same, and he eliminated most deductions
 
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...

Are you going sell us Greenland? :lol:
 
Jay59 said:
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.
Click to expand...

Bold: Obviously you cannot read a graph. "The bulk of the growth" was from 2009 through 2017, only one year of which was Trump. Since then it's been stagnant. So, 2 of Trump's 3 years in office have been duds. :roll:
 
SheWolf said:
A payroll tax cut is going to cause the poor and middle class to owe more taxes on the 1040. Trump gave the wealthiest tax relief and only the wealthiest. What’s the point of tinkering with a payroll tax at this point? Our tax brackets remain the same, and he eliminated most deductions
Click to expand...

Put more tax bracket tiers in at the upper end.
 
calamity said:
Bold: Obviously you cannot read a graph. "The bulk of the growth" was from 2009 through 2017, only one year of which was Trump. Since then it's been stagnant. So, 2 of Trump's 3 years in office have been duds. :roll:
Click to expand...
I will admit to an inaccuracy, when I said the bulk of the growth. 2017-2018 is 2/3 of what the previous 8 years total. I should have said the more impressive growth.

I was correct in saying the graph did not support your point.
 
You must log in or register to reply here.
Back
Top Bottom