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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy 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.
Vinca
(50,278 posts)BigmanPigman
(51,609 posts)get any credit or a "thank you" from them. People are short sighted in this country.
rainy
(6,092 posts)this, in the passionate manner that he has, at the state of the union address!
Yavin4
(35,441 posts)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)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)deficit deficit deficit and cut all Democratic spending on things.
Orrex
(63,215 posts)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)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.
NoMoreRepugs
(9,435 posts)Hav
(5,969 posts)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)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.
ananda
(28,866 posts)They hate Obama and give him no credit!