Quote:
Originally Posted by 1blackman1
There’s plenty of variables but your ability to sing the same off key song with the wrong words regardless of background music and the karaoke words scrolling is impressive. Reagan would be proud.
|
This is probably why companies pay you the big bucks to defend them in court. You can take a simplistic line of silliness and make people believe it. I bet you do use background music and scrolling karaoke words in your final arguments, when the judges let you get away with it.
Quote:
Originally Posted by 1blackman1
Last three republican presidents crashed three economies. Last three democratic presidents took those shit economies and created economic booms. In you mind, it’s purely coincidental like who won the Super Bowl. And you believe it’s a serious position to take.
|
Say I tell you there are two political parties. Three presidents are from party A and three are from party B during a period when there are three recessions. What's the probability that all three recessions will occur while someone from party A is president? The correct answer is one out of eight. As long as I didn't tell you A is the Republican Party and B is the Democratic Party, you'd agree that number, 1 out of 8, is correct. And you wouldn't think it's much of a coincidence.
How would a Democrat President possibly have prevented the 1991 recession, which was caused by high oil prices and the resulting effect on inflation and Fed policy? Or the 2020 recession, which was caused by a worldwide pandemic?
And why is Bush any more responsible for the 2008 recession than Bill Clinton or Barney Frank? Yeah, if Bush and his Treasury Secretary Hank Paulson and regulators they appointed were omniscient, maybe a recession would have been avoided. But it's unlikely Democrats would have done better. Most of the blame should go to the banks and other financial institutions, and people who thought they could buy $500,000 houses with $50,000 annual income and no money down. And the Fed which probably should have more aggressively cut rates early on. But Bush was a bit player.
Your contention that the "last three democratic presidents took those shit economies and created economic booms" is borderline comical. Bush and Paulson did the heavy lifting in the fall and winter of 2008 to get the economy back on track, with bailouts and by cajoling financial institutions to merge. The Obama administration just followed along with what the Republicans started. And did have the good sense to wait to raise tax rates, which unfortunately Democrats always feel compelled to do, until 2012.
Trump, Pelosi and McConnell provided plenty of stimulus to the economy in 2020. Maybe too much. What Biden et al followed up with in 2021 mainly served to ignite inflation and run up the national debt.
As to George H. W. Bush, the economy was humming along when he turned the reins over to Bill Clinton. GDP growth was 4%+ in 1992.
Obama and Biden coincidentally look good, due in no part to their policies, as a result of being in office during rebounds which always occur after recessions.
Quote:
Originally Posted by 1blackman1
I’ll take a more sensible position, Clinton, Obama and Biden - all with similar economic policy - were are better stewards than republicans. Trickle down works fine for me but it’s shit economic policy.
|
You're blinded from your Stockholm Syndrome. First, there is no trickle down. Our tax system is the most progressive in the developed world. Second, you fail to realize how the leftward shift in your party is bad for America. Clinton did very well in his second term, when he governed alongside Republicans in Congress. Obama didn't screw things up too badly. He was happy to take credit for rising oil and gas production in America. Now you've got Biden, and the Elizabeth Warren acolytes and other Progressives who are calling the shots in his administration. Thank goodness for Republicans and Joe Manchin and Kyrsten Sinema, who saved the Biden Administration from its worst impulses.
I don't want to hijack your thread. So I shall return with another thread that will show how bloodthirsty Democratic presidents were responsible for the deaths of hundreds of thousands of young American men in foreign wars. It will make just as much sense as your contentions about recessions and the party affiliation of presidents. So this is your sarcasm alert, in advance.
To be continued...
... ... 
