Left VS. Right on the economy

POSTED BY: MalBadInLatin
UPDATED: Thursday, April 3, 2025 18:58
VIEWED: 3693
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SIGNYM

Tuesday, October 28, 2008 2:57 PM

Quote:
Even with the Bush tax cuts Federal revenues are up 30% since 2001

Ah, that old saw. Those figures are NOT correct, and not corrected for inflation. Go to the OMB website for the actual Federal Revenues, you'll see what I mean.

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Let's party like its 1929.

MALBADINLATIN

Tuesday, October 28, 2008 3:12 PM

Quote:
Originally posted by Hero: The real question is not whether Bush's economy was good or bad but rather, whether'he did as good as possible under the circumstances'.

I think he's done ok, but it could have been better. That said...I don't know anyone who would have done it better. Certainly not Gore or Kerry.

This is good because it adds yet one more variable into the futility of trying to assume the credit, or blame for the double edged sword that is the economy...from the Oval Office.

My point remains...John McCain lacks the crystal ball one would need to predict that an economy would be better under his Presidency, compared to an Obama Presidency. AND it's his closing argument!

I think voters are just as irresponsible if they're going to vote for John McCain, as they were if they voted for George Bush in 2004.

Is Obama the opposite?, No. But this thread is about McCain's desperation rhetoric.

Trolls against McCain

SIGNYM

Tuesday, October 28, 2008 3:17 PM

Oh hell, I'll do it for you:

I found the figures conveniently at www.cbo.gov/budget/historical.shtml

These are adjusted for inflation.

1962 99.7
1963 106.6
1964 112.6
1965 116.8
1966 130.8
1967 148.8
1968 153.0
1969 186.9

1970 192.8
1971 187.1
1972 207.3
1973 230.8
1974 263.2
1975 279.1
1976 298.1
1977 355.6
1978 399.6
1979 463.3

1980 517.1
1981 599.3
1982 617.8
1983 600.6

1984 666.5 Reagan
1985 734.1
1986 769.2
1987 854.4 debt -168.4

1988 909.3 HW Bush
1989 991.2
1990 1,032.1
1991 1,055.1 debt-321.4

1992 1,091.3 Clinton
1993 1,154.5
1994 1,258.7
1995 1,351.9
1996 1,453.2
1997 1,579.4
1998 1,722.0
1999 1,827.6 surplus 1.9

2000 2,025.5 G Bush
2001 1,991.4
2002 1,853.4
2003 1,782.5
2004 1,880.3
2005 2,153.9
2006 2,407.3
2007 2,568.2 debt -342.2
2008 will be lower because of the housing bust

If you're going to discuss about something, at least make it real. Start with facts and figures.

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Let's party like its 1929.

MALBADINLATIN

Tuesday, October 28, 2008 3:18 PM

Eisenhower + Goldwater = Fiscal Conservative = Good.

JAYNEZTOWN

Thursday, April 3, 2025 12:09 PM

Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins
https://www.wired.com/story/trump-tariffs-antarctic-islands-heard-mcdo
nald/

4 Republican senators cross the floor to vote with Democrats to pass a bill to block Trump's import tariffs on Canadian goods in a 51-48 Senate vote - still needs to pass a Republican controlled House
https://www.nbcnews.com/politics/trump-administration/live-blog/trump-
administration-tariffs-musk-elections-immigration-live-updates-rcna198941

Trump's first 50 days mark one of the worst starts for the S&P 500 under any presidency
https://finance.yahoo.com/news/trumps-first-50-days-mark-one-of-the-wo
rst-starts-for-the-sp-500-under-any-presidency-161538535.html

SIGNYM

Thursday, April 3, 2025 1:57 PM

Stock markets aren't "the economy". Being speculation based on debt, most of those "gains" are like morning mist: ready to disappear with a little sunshine.

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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger

AMERICANS SUPPORT AMERICA

THG

Thursday, April 3, 2025 6:58 PM

Quote:
Originally posted by SIGNYM:

Stock markets aren't "the economy". Being speculation based on debt, most of those "gains" are like morning mist: ready to disappear with a little sunshine.

Dow Futures Tumble 1,000 Points as Markets Brace for Global Trade War
Last Updated: Apr 3, 2025, 8:51 AM

https://www.barrons.com/livecoverage/stock-market-today-040325/card/st
ock-futures-tumble-as-trump-tariffs-terrorize-markets-Ra5emuQimakEtAxbzmmw

As much as our stock market sank, China and Europe's' markets soared. Why, because investors are going to now invest there instead of here. With all the experts saying Trumps tariffs will be a disaster, how comrade, can you not know this?

T

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