Announcement

Collapse
No announcement yet.

2020 Debate: Trump vs Biden

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    #31
    Creepy Joe“ just what the Democrats need in their corner- they love him.

    Comment


      #32
      Originally posted by Barrett View Post
      Do you think that the surplus and balanced budgets during Clinton were solely attributed to Reagan and Bush? Where do you put the blame in regards to the 2008 debacle?
      The "surplus" was the result of an accounting trick that, if attempted in the private sector with a publicly traded company, would land you in jail for fraud.

      Comment


        #33
        They just showed a national poll on ABC showing Biden ahead by 13 points over Trump.

        So they called 100 Democrats............

        Comment


          #34
          Originally posted by Johnny Dangerr View Post
          They just showed a national poll on ABC showing Biden ahead by 13 points over Trump.

          So they called 100 Democrats............
          sounds about right!

          but we can't be complacent in this next election, have got to get out and vote and give 'em a resounding *** whoopin'.

          Comment


            #35
            Originally posted by 100%TtId View Post
            The "surplus" was the result of an accounting trick that, if attempted in the private sector with a publicly traded company, would land you in jail for fraud.

            https://www.thefiscaltimes.com/Colum...20-Years-Later
            Soooo, if the same metrics were used by your biased reference what does Trumps deficit look like. If what they preach still happens today. Your source seems a bit of a stretch to me, but I will admit I'm not a scholar in economics.

            Comment


              #36
              Originally posted by Barrett View Post
              Soooo, if the same metrics were used by your biased reference what does Trumps deficit look like. If what they preach still happens today. Your source seems a bit of a stretch to me, but I will admit I'm not a scholar in economics.
              It's not a question of economics, it's a matter of accounting.

              If you consider the author of the article posted is one of the nation's foremost experts on governmental accounting practices, your claim of bias has no basis in fact.

              The fact is Clinton changed how accounting rules were applied and instantly changed a deficit into a surplus. Just like Enron.

              Comment


                #37
                Originally posted by 100%TtId View Post
                It's not a question of economics, it's a matter of accounting.

                If you consider the author of the article posted is one of the nation's foremost experts on governmental accounting practices, your claim of bias has no basis in fact.

                The fact is Clinton changed how accounting rules were applied and instantly changed a deficit into a surplus. Just like Enron.
                Thanks for shedding a new perspective for me in economics. I found this article to have a bit more information. Crazy stuff. Thanks for straightening this out for me.
                Townhall is the leading source for conservative news, political cartoons, breaking stories, election analysis and commentary on politics and the media culture. An information hub for conservatives, republicans, libertarians, and liberty-loving Americans.

                Comment


                  #38
                  Originally posted by muzzlebrake View Post
                  Pretty close to dead on. Glad somebody understands how things work. Clinton benefited for 8 years from Reagan's policies and decisions that endured thru Bush No 1. Reagan had a tough go because of a dingbat peanut farmer before him. Bush No.2 inherited the trickle down from Clinton and things began to tank and there was 911 terrorist attack on the twin towers and Obama, well he really didn't do much of anything. By then the institutions were ahead of the game and much smarter than Obama and we managed to get thru without a severe depression. If Trump keeps going the next president in 2024 will most likely be on super cruise.
                  My argument is really that the executive or legislative branches have not been able to do much to steer the economy post Gerald Ford administration. Gerald Ford only gets credit because he signed ERISA. If you want to give credit or blame to Jimmy Carter or Ronald Reagan, I think it would be for installing Volcker and Greeenspan. I think the jury is still out on Clinton's GATT agreement (I am not a fan). On Reagan, you can give him credit for the mercy shot to the unions but they were already dying. If you want to blame him how about working with Tip O'Neill to raid the Social Security Trust Fund and the creation of the "deficits do not matter" mantra(time will tell if they were right). The TARP legislation 2008 did not save the economy but just created a lot of tax payer debt to save the bonuses of Wall Street executives.

                  If you have a stomach for financials try reading "The Great Deformation" by Reagan's budget director David Stockman.

                  I was so sad to see what had happened to my friends and family living in Texas in the early 80s when both the energy and agricultural sectors took a hit. You have to give credits to Texas leaders in industry, education and both parties in the government for building the diverse economy we have in this state today.

                  Comment


                    #39
                    One thing seems certain. All presidents seem to take credit for their predecessors successes but blame the predecessor for his own failings.

                    Comment


                      #40
                      Originally posted by muzzlebrake View Post
                      One thing seems certain. All presidents seem to take credit for their predecessors successes but blame the predecessor for his own failings.
                      Politics 101: shift blame, take undeserved credit.

                      Comment


                        #41
                        Thanks muzzle and shovel for breaking it down and making it more concise.

                        Comment


                          #42
                          Most people give presidents all the credit or blame for the economy. As has already been stated, presidents don't have that much direct effect on the economy. Politics is one thing that affects the economy, but it's not the only thing. The free market and the private sector innovations and advancements play the biggest role. Lots of other things have an effect on the economy as well.
                          There are always things happening that have differing effects on the economy at the same time - some good, some bad. As far as the political component, Congress is the biggest player. That is where tax law and government spending bills are written and passed. The Fed plays a role with interest rates. Presidents can advocate for different things, but they can't just pass laws on their own. They can sign or veto whatever Congress passes. Presidents are increasingly using and abusing the executive order. And the executive branch regulatory authority has been severely over-used and abused - especially by Obama. So, in that regard, presidents and the executive branch can have a bigger effect on the economy than they should have. But Congress still has a bigger effect than the president. The private sector still has the biggest effect of anything. Even during Obama's years of oppressive and excessive regulation abuse, the private sector still was able to trudge along and produce 2% GDP growth. That was pretty anemic, of course. But it was growth, in spite of the uphill climb that businesses had against the huge wave of liberal anti-business regulatory abuse that we saw during those years.

                          When the Republican Congress and President Trump had 2 years of at least semi-cooperation and were able to cut taxes and dial back some (but still not as much as they should) of the oppressive government regulatory burden, the private sector was able to get going a lot faster. Government doesn't create jobs. Government can only bog the system down and hinder growth. When we get the dang government out of our way, WE can make the economy work like it's supposed to.

                          Comment


                            #43
                            Originally posted by Shane View Post
                            Aside from the seriousness of the election, a Trump vs. Biden debate would be comedy/gaff gold.
                            Thanks for saving me the typing!!! Gonna be one HUGE embarrassment for our nation globally...…….like watching a train wreck in slow motion!

                            Comment


                              #44
                              Originally posted by PlanoDano View Post
                              Thanks muzzle and shovel for breaking it down and making it more concise.

                              Comment


                                #45
                                I just want to see Biden give Melania a hug and tongue in ear.

                                Comment

                                Working...
                                X