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Posted: 7/29/2018 12:59:15 PM EDT
[#1]
Just ask: "What specific economic policy did Obama implement that caused this."
...you will hear crickets. Then explain to them the Laffer Curve; without exception, NOT ONCE has a lowing of tax rates failed to produce both a growth in GDP -- AS WELL as an increase in Govt tax receipts. Not once. |
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Posted: 7/29/2018 1:02:48 PM EDT
[#2]
Quote HistoryQuoted:
Just ask: "What specific economic policy did Obama implement that caused this." ...you will hear crickets. Then explain to them the Laffer Curve; without exception, NOT ONCE has a lowing of tax rates failed to produce both a growth in GDP AS WELL as an increase in Govt tax receipts. Not once. |
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Posted: 7/29/2018 1:04:06 PM EDT
[#3]
Quote HistoryQuoted:
Just ask: "What specific economic policy did Obama implement that caused this." ...you will hear crickets. Then explain to them the Laffer Curve; without exception, NOT ONCE has a lowing of tax rates failed to produce both a growth in GDP AS WELL as an increase in Govt tax receipts. Not once. |
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Posted: 7/29/2018 1:05:40 PM EDT
[#4]
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Posted: 7/29/2018 1:11:03 PM EDT
[#5]
Quote HistoryQuoted:
https://www.AR15.Com/media/mediaFiles/135686/US_GDP_Growth_Rate-622896.JPG Under Obama it hit 4% a few times. DONT Look at one quarter. Look at yearly averages or better yet; during his entire tenure. AND he had access to FREE MONEY. The FED was printing money by the truckload to support Obamas' failed policies. Including the latest Commerce Department figure, the average Obama GDP growth rate during his tenure was about 1.5%. The only president with a worse economic record since 1930 is Herbert Hoover. Link to facts |
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Posted: 7/29/2018 1:11:41 PM EDT
[#6]
Quote HistoryQuoted:
https://www.AR15.Com/media/mediaFiles/135686/US_GDP_Growth_Rate-622896.JPG Under Obama it hit 4% a few times. |
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Posted: 7/29/2018 1:12:36 PM EDT
[#7]
Quote HistoryQuoted:
https://www.AR15.Com/media/mediaFiles/135686/US_GDP_Growth_Rate-622896.JPG Under Obama it hit 4% a few times. 
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Posted: 7/29/2018 1:21:20 PM EDT
[#8]
Quote HistoryQuoted:
The Fed was pumping money into the economy for almost all of Obummers admin. $40 billion to $85 billion per month = QE1, QE2, QE3, QE infinity. 10 trillion bucks worth of new debt Quote HistoryQuoted:
Quoted:
https://www.AR15.Com/media/mediaFiles/135686/US_GDP_Growth_Rate-622896.JPG Under Obama it hit 4% a few times. edit: A federal version of 'shut up and take my money', except, it's not their money, it's the people that actually work, save and invest, those are the people that got fucked. 
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Posted: 7/29/2018 3:05:50 PM EDT
[#9]
Quote HistoryQuoted:
https://www.AR15.Com/media/mediaFiles/135686/US_GDP_Growth_Rate-622896.JPG Under Obama it hit 4% a few times. |
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Posted: 7/29/2018 3:09:25 PM EDT
[#10]
 
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Posted: 7/29/2018 3:18:39 PM EDT
[#11]
Quote History |
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Posted: 7/29/2018 3:24:36 PM EDT
[#12]
Quote HistoryQuoted:
Just ask: "What specific economic policy did Obama implement that caused this." ...you will hear crickets. Then explain to them the Laffer Curve; without exception, NOT ONCE has a lowing of tax rates failed to produce both a growth in GDP -- AS WELL as an increase in Govt tax receipts. Not once. Beer Summit? Illuminating the Whitehouse in rainbow colors? F&F? Nice try though. |
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Posted: 7/29/2018 3:32:44 PM EDT
[#13]
Quote HistoryQuoted:
https://www.AR15.Com/media/mediaFiles/135686/US_GDP_Growth_Rate-622896.JPG Under Obama it hit 4% a few times. "Obama was terrible for economic growth" https://nypost.com/2017/04/01/obama-was-terrible-for-economic-growth/ |
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Posted: 7/29/2018 3:40:08 PM EDT
[#14]
Quote History |
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Posted: 7/29/2018 3:42:41 PM EDT
[#15]
Oh, it's Obama's doing now? Last week I thought the media was saying the 4.1% gain in our $20 trillion economy was due to soybean sales ahead of retaliatory ag tariffs from China.
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Posted: 7/29/2018 5:19:29 PM EDT
[#16]
There are a lot of contradictions all over the place here.
-Obama came in to a disaster caused by low interest rates and easy lending. While he was president interest rates got even lower, and while lending requirements increased, it was still pretty easy to get a loan at least after about 2010. There was QE1-QE3. The stock market went up a lot under Obama, out of proportion perhaps to the GDP growth. We are lucky Obama liked to golf so much as we never quite saw him go to full Communism; he wasn't quite the Marxist ogre I was expecting. -As a candidate Trump said the economy's a debt-fueled monster. Now Trump says it's the best economy in history (which is true in absolute terms but not true in terms of % GDP gains, which I think was in the era 1880-1910). The bull market in most assets continues. The debt grows ever higher and Trump is begging the federal reserve for low interest rates. Maybe he knows the economy is delicate and is worried about a recession affecting his election chances. Personally I am playing it conservatively. If we get a big recession again the country might elect a socialist just like Hoover > FDR in the Great Depression. |
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Posted: 7/30/2018 11:58:34 AM EDT
[#17]
Quote HistoryQuoted:
Just ask: "What specific economic policy did Obama implement that caused this." ...you will hear crickets. Then explain to them the Laffer Curve; without exception, NOT ONCE has a lowing of tax rates failed to produce both a growth in GDP -- AS WELL as an increase in Govt tax receipts. Not once. With the exception of gasoline, the costs for what goods and services we purchased went up significantly while he was president. Our health insurance DOUBLED and the coverage went down, with significant out of pocket expenses. And, my salary didn't increase much at all during the Obama years, maybe 1-1.5% a year. Much less than I saw in REAL inflation, not the gerrymandered government figures. In 2013, I took a 15% pay cut for the first time in my 20 year career in Information Technology. We bottomed out in 2016, and since then have been very slowing going back upward. But, I don't make what I made in 2007 right now and everything costs WAY more than it did then. It will be a lost decade (or more) financially for my family and I before its done. Thanks Obama /sarcasm |
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Posted: 7/30/2018 12:11:01 PM EDT
[#18]
Quote HistoryQuoted:
There are a lot of contradictions all over the place here. -Obama came in to a disaster caused by low interest rates and easy lending. While he was president interest rates got even lower, and while lending requirements increased, it was still pretty easy to get a loan at least after about 2010. There was QE1-QE3. The stock market went up a lot under Obama, out of proportion perhaps to the GDP growth. We are lucky Obama liked to golf so much as we never quite saw him go to full Communism; he wasn't quite the Marxist ogre I was expecting. -As a candidate Trump said the economy's a debt-fueled monster. Now Trump says it's the best economy in history (which is true in absolute terms but not true in terms of % GDP gains, which I think was in the era 1880-1910). The bull market in most assets continues. The debt grows ever higher and Trump is begging the federal reserve for low interest rates. Maybe he knows the economy is delicate and is worried about a recession affecting his election chances. Personally I am playing it conservatively. If we get a big recession again the country might elect a socialist just like Hoover > FDR in the Great Depression. The thought of cashing out, selling and buying a bit of land with a small house or trailer has crossed mine and my wife's mind. Odd, but my kick ass 250mb up/down internet speed has kept me from really looking, along with we live in a great school district and to a lesser extent, the distance to work and places to shop. My last house lost 24% or more at the lowest in the bust, rented it out for a few years and sold for 14% over purchase price, but the landlord part sucked. |
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Posted: 7/30/2018 12:40:21 PM EDT
[#19]
Quote HistoryQuoted: All I know is that whatever policies Obama implemented, they hurt my family and I financially. 2007 was the last good year for us. With the exception of gasoline, the costs for what goods and services we purchased went up significantly while he was president. Our health insurance DOUBLED and the coverage went down, with significant out of pocket expenses. And, my salary didn't increase much at all during the Obama years, maybe 1-1.5% a year. Much less than I saw in REAL inflation, not the gerrymandered government figures. In 2013, I took a 15% pay cut for the first time in my 20 year career in Information Technology. We bottomed out in 2016, and since then have been very slowing going back upward. But, I don't make what I made in 2007 right now and everything costs WAY more than it did then. It will be a lost decade (or more) financially for my family and I before its done. Thanks Obama /sarcasm |
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Posted: 7/30/2018 12:44:35 PM EDT
[#20]
Quote HistoryQuoted:
There are a lot of contradictions all over the place here. -Obama came in to a disaster caused by low interest rates and easy lending. Caused by the DEMS While he was president interest rates got even lower, and while lending requirements increased, it was still pretty easy to get a loan at least after about 2010. There was QE1-QE3. Printing money was a smoke and mirrors move to hide the fact that his policies were killing business. The stock market went up a lot under Obama, out of proportion perhaps to the GDP growth. Because that is where all the money they printed went. We are lucky Obama liked to golf so much as we never quite saw him go to full Communism; he wasn't quite the Marxist ogre I was expecting. -As a candidate Trump said the economy's a debt-fueled monster. Now Trump says it's the best economy in history (which is true in absolute terms but not true in terms of % GDP gains, which I think was in the era 1880-1910). The bull market in most assets continues. The debt grows ever higher and Trump is begging the federal reserve for low interest rates. Maybe he knows the economy is delicate and is worried about a recession affecting his election chances. Personally I am playing it conservatively. If we get a big recession again the country might elect a socialist just like Hoover > FDR in the Great Depression. |
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Posted: 7/30/2018 12:51:14 PM EDT
[#21]
Let's me get this straight:
On May 2017, many "in the knows" said there was no way Trump can get 3%GNP, including former Obama Administration's economist. Citing the impossibilities, blah, blah, blah,....Now, suddenly, it's because Obama set up for Trump's success.  The ONLY thing, Obama was good at during his 8 years ????? The Best Gun Salesman in U.S History. We should send him a certificate for it. |
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Posted: 7/30/2018 12:54:50 PM EDT
[#22]
Quote HistoryQuoted:
Just ask: "What specific economic policy did Obama implement that caused this." ...you will hear crickets. Then explain to them the Laffer Curve; without exception, NOT ONCE has a lowing of tax rates failed to produce both a growth in GDP -- AS WELL as an increase in Govt tax receipts. Not once. |
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Posted: 7/30/2018 1:07:01 PM EDT
[#23]
Quote HistoryQuoted: Let's me get this straight: On May 2017, many "in the knows" said there was no way Trump can get 3%GNP, including former Obama Administration's economist. Citing the impossibilities, blah, blah, blah,....Now, suddenly, it's because Obama set up for Trump's success. The ONLY thing, Obama was good at during his 8 years ????? The Best Gun Salesman in U.S History. We should send him a certificate for it.  Obama: "If I Had A Son, He Would Look Like Trayvon" |
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Posted: 7/30/2018 3:40:43 PM EDT
[#24]
Quote HistoryQuoted:
I have the same story as yours, with the exception that I am in manufacturing. Double whammy for me though, I also had/have to deal with Dick Head fucking Dannel fuck face Malloy as our Governor. What kills me is that I look back to the 90s and up to 2007 as really good times. I never had to worry about money. I tell folks that around 2004-05, I had more bills for higher amounts, a $750 a month mortgage payment and $300 a month car payment, put 7% into my 401K and put money into savings, and had plenty of discretionary income left over at the end of the month. Now, I have fewer bills for less amounts, a cheaper mortgage and a cheaper car payment, put 3% into a 401K, put no money into savings and have nothing left at the end of the month. And, we're still looking to cut out whatever we can. I know, go be poor somewhere else, but it still sucks and it really grates on you. |
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Posted: 7/30/2018 3:50:16 PM EDT
[#25]
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