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rainy

(6,092 posts)
Mon Jan 29, 2018, 08:31 AM Jan 2018

Why Republican presidents coming off of a Democratic president have great economic numbers

It should be clear to everyone after watching George Bush destroy what Clinton handed him. Now remember what Obama did with that!!!!!!!

The market was soaring under Obama and spiked with Trump's first year because of Obama's policies and efforts. Now we just handed wall street the key to our national treasure. With less regulations they will rob us blind creating new financial tools to fool people and cash in on the next bubble.

Wall Street is giddy right now but we never learn.

The crash cometh.

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Why Republican presidents coming off of a Democratic president have great economic numbers (Original Post) rainy Jan 2018 OP
It's only a matter of time and then a Democratic clean-up crew will come in . . . again. Vinca Jan 2018 #1
Yeah, we always do but we never BigmanPigman Jan 2018 #2
I hope Joe Kennedy can talk about rainy Jan 2018 #3
By constantly playing "clean-up", we never get at the real issues Yavin4 Jan 2018 #10
Just a matter of time duforsure Jan 2018 #4
Yes and then Republicans will cry rainy Jan 2018 #9
I've been saying this for decades Orrex Jan 2018 #5
Every major economy doing well now Cicada Jan 2018 #6
Solid synopsis Cicada. NoMoreRepugs Jan 2018 #7
And don't forget the accusations of a slow recovery Hav Jan 2018 #8
Trump is certainly here to take credit for an economy doing well Johonny Jan 2018 #11
Try telling this to a Reep. ananda Jan 2018 #12

BigmanPigman

(51,609 posts)
2. Yeah, we always do but we never
Mon Jan 29, 2018, 08:43 AM
Jan 2018

get any credit or a "thank you" from them. People are short sighted in this country.

rainy

(6,092 posts)
3. I hope Joe Kennedy can talk about
Mon Jan 29, 2018, 09:19 AM
Jan 2018

this, in the passionate manner that he has, at the state of the union address!

Yavin4

(35,441 posts)
10. By constantly playing "clean-up", we never get at the real issues
Mon Jan 29, 2018, 11:50 AM
Jan 2018

This is the pattern that Republicans have put us in. We always have to come in to save America and thus, never get the chance to put our agenda (healthcare, climate change, education, etc.) into action.

The Democrats need a long term political strategy that maintains power in congress for a decade or more.

duforsure

(11,885 posts)
4. Just a matter of time
Mon Jan 29, 2018, 09:24 AM
Jan 2018

With the huge amounts of money, closer to 6-8 trillion, that'll be taken out of the economy, for the rich, from trump policies, and additional taxation,and costs from all the regulations eliminated, and will again like in the past catch up to them, and create another severe recession, or a depression. President Obama saved us last time from this. Who'll save us this time?

rainy

(6,092 posts)
9. Yes and then Republicans will cry
Mon Jan 29, 2018, 11:46 AM
Jan 2018

deficit deficit deficit and cut all Democratic spending on things.

Orrex

(63,215 posts)
5. I've been saying this for decades
Mon Jan 29, 2018, 09:27 AM
Jan 2018

Republican Presidents take credit for years of economic growth that result from the same Democratic policies that they condemn. Then Democrats inherit a sabotaged economy thanks to Republican policies; the Republican then blame the Democrats and sweep back into power.

The cardinal rule of Presidential Economic Management:
The President has no control over the economy unless the economy is strong under a Republican president or weak under a Democratic president.

Cicada

(4,533 posts)
6. Every major economy doing well now
Mon Jan 29, 2018, 10:14 AM
Jan 2018

I doubt the US President has much impact recently. But loose regulation can bring another crash. Hopefully some of the too big to fail safeguards will help mitigate the harm. Banks are less leveraged now. Hopefully they are less interwoven through derivatives so that the failure of one will no longer bring down them all.

Consumer costs are headed down big time. Solar, wind are getting cheap. Amazon restrains inflation. Electric cars will get cheaper with more battery mega factories, the cost to move a car with electricity is a fraction of the cost of gas, cost of repairs down with few moving parts. Block chain will lower finance costs. AI will find cost saving in many industries.

We just need price controls for health costs, and new laws to increase housing supplies, to enter a time of almost no poverty.

Hav

(5,969 posts)
8. And don't forget the accusations of a slow recovery
Mon Jan 29, 2018, 10:46 AM
Jan 2018

while the same economic growth that was too slow once is now historic.
We shouldn't forget what happened in 2008. One party left the country in a catastrophic state and then blamed the new guy for the mess he inherited and did everything they could to not help him deal with it. When things got better, they complained that he doesn't turn it around fast enough. After the clean up, you call yourself a genius for coming in at a time when many economies around the world are doing fine.

Johonny

(20,851 posts)
11. Trump is certainly here to take credit for an economy doing well
Mon Jan 29, 2018, 11:55 AM
Jan 2018

but will he accept the blame when the next recession comes, because it will come. He all know he won't. These are the good times for Trump because he's doing little positive long term for the US, but the economic engine has allowed the appearance of success. Of course, it's amazing that a president with this vibrant an economy is this hated. It tells you something right there. Most people understand the economy has little to do with his policies and he's a walking-talking disaster area.

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