Crash, Crash-BURN

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  1. gmwilliams profile image82
    gmwilliamsposted 4 months ago

    https://usercontent1.hubstatic.com/14278066_f1024.jpg
    Do you believe that the Democratic Party will further bankrupt America?   Do you further contend that if a Democratic president wins the election in 2020, the American economy will tank?

    1. promisem profile image97
      promisemposted 4 months agoin reply to this

      Donald Trump's tax cuts for the rich are doing a great job of bankrupting America.

      They have skyrocketed the federal deficit by 18% in just one year.

      https://www.thebalance.com/current-u-s- … it-3305783

      1. wilderness profile image96
        wildernessposted 4 months agoin reply to this

        I like the way they read the future, and then say it is actual, real experience.

        "The U.S. federal budget deficit for fiscal year 2019 is $985 billion."

        Not even an attempt to be truthful and recognize that receipts may very well be considerably beyond what was projected, with a vastly improved economy, tremendous employment gains and falling welfare entitlement payments.  Just a flat statement about what the future will be.

        1. Valeant profile image95
          Valeantposted 4 months agoin reply to this

          And then there the actual facts that in the first quarter of the 2019 fiscal year, the deficit was actually higher than the projections, with it coming it at $318.9 billion.  Not even an attempt by you to use actual facts to make your arguments.  In Obama's last term of office, the deficit averaged $543 billion. Trump's budget projects to adding 8.3 trillion dollars in just a single presidential term, more than Obama added in two terms with an economy in recession.

          As for unemployment, it started at 7.8% and went to 7.0% to 5.8% to 5.0% to 4.6% in Obama's last term.    For Trump, it's gone from 4.6% to it's current of 4.0%.  Who improved it more?  Was the trend already there?

          In terms of job creation, Trump has create 4.7 million in his two years.  In Obama's last five years in office, he average 2.48 million jobs per year, so job growth has actually slowed on average under Trump.  I will concede that manufacturing jobs are up under Trump however.

          The average quarterly gains for retirement accounts are actually less under Trump in his first two years than they were under Obama, thanks in part to the worst quarter in a decade and worst December since 1931 to end 2018.

          In terms of wages, The average weekly earnings of all private-sector workers, in “real” (inflation-adjusted) terms, rose 2.4 percent during Trump’s first 23 months, after going up 3.9 percent during the previous four years.  Those figures are for all private-sector workers, including managers and supervisors.  For rank-and-file production and nonsupervisory workers (who make up 82 percent of all private-sector workers), real weekly earnings have gone up 2.5 percent so far under Trump, after rising 4.7 percent during Obama’s last four years in office.

          So, there's isn't much of a difference between Trump's economy and where it was going with Obama.  The one big difference seems to be that Trump is doing it by putting the United States in double the amount of debt.

  2. GNelson profile image75
    GNelsonposted 4 months ago

    If you care about money more than people then vote republican.  The hell with people.

    1. wilderness profile image96
      wildernessposted 4 months ago

      There is little doubt of it - the liberal philosophy appears to be that everyone should be equal in wealth, whether they produce any or not.  This inevitably leads to a near complete failure to provide incentive to produce and instead an incentive to stay home a collect what others have built.

      There are multiple instances, current and throughout history, plainly showing the results of that philosophy, but it is far easier to pull tears, and money, by ignoring them.

     
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