Market turmoil

[Irish mist]

Originally Posted by TheProfessor

Recessions.

There has been a recession on average every 7 years since the founding of this country.

President Clinton handed to President George Bush a balanced US budget.

Then President Bush pushes a tax cut. Voila! No more balanced budgets ever since.

Today, we have another tax cut. Bingo!

The national debt is approaching $20 trillion dollars. Who pays just the interest on the national debt? Never mind the principal.

Ya. We are on the road to fiscal stability and responsibility.

It ain't rocket science.

10 trillion of that debt alone comes from the president you left out....Obama. More debt than all administrations in American history combined. It's a mess in D.C. & I don't see that clearing up anytime soon. Tax cuts bring in more money to the government....problem is the government never cuts the spending.

They don't call it the "uni-party" down there for nothing.

[thinkxingu]

Originally Posted by Irish mist

10 trillion of that debt alone comes from the president you left out....Obama. More debt than all administrations in American history combined. It's a mess in D.C. & I don't see that clearing up anytime soon. Tax cuts bring in more money to the government....problem is the government never cuts the spending.

They don't call it the "uni-party" down there for nothing.

Ummm...no, that $10 trillion isn't accurate. Or, more precisely, it takes into account issues Obama had no control over. For example, Bush's tax cuts and the recession led to less income, which people disingenuously add to Obama's "deficit." Add increasing costs--social security, war on terror (started by Bush), etc.--and the number gets even lower.

It's awesome how much numbers can be manipulative. Such as how Trump slammed Obama's use of 5% unemployment a year ago--claiming it was probably more in the 20's--but then a year later uses the same metrics he slammed.

Of course, people clearly suck up the data--vive la confirmation bias!--so they keep spinning and spinning and...

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[Irish mist]

Originally Posted by thinkxingu

Ummm...no, that $10 trillion isn't accurate. Or, more precisely, it takes into account issues Obama had no control over. For example, Bush's tax cuts and the recession led to less income, which people disingenuously add to Obama's "deficit." Add increasing costs--social security, war on terror (started by Bush), etc.--and the number gets even lower.

It's awesome how much numbers can be manipulative. Such as how Trump slammed Obama's use of 5% unemployment a year ago--claiming it was probably more in the 20's--but then a year later uses the same metrics he slammed.

Of course, people clearly suck up the data--vive la confirmation bias!--so they keep spinning and spinning and...

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Thanks for the laugh....good spin. The irony is rich with this.

[thinkxingu]

Originally Posted by Irish mist

Thanks for the laugh....good spin. The irony is rich with this.

Good spin? I notice you didn't address the argument. Are you saying that Obama should take the credit for the reduction in tax revenue from the recession or costs from the wars he didn't start? Nice job.

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[Irish mist]

Originally Posted by thinkxingu

Good spin? I notice you didn't address the argument. Are you saying that Obama should take the credit for the reduction in tax revenue from the recession or costs from the wars he didn't start? Nice job.

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I'll make it even simpler for you than I did in my prior post. Obama, Bush & it looks like Trump, the GOP & the democrats in D.C. are all to blame for the fiscal mess we are in. Trying to exempt Obama from this sorry record is pitiful ideological posturing. He's right in there with the rest of this crew. As for the Afghan war.....he ran for election on stopping that war. As you know; it's still going on. That said: after 8 years of the war on his watch he plainly owns it, as he owns all the spending he overseen.

[thinkxingu]

Originally Posted by Irish mist

I'll make it even simpler for you than I did in my prior post. Obama, Bush & it looks like Trump, the GOP & the democrats in D.C. are all to blame for the fiscal mess we are in. Trying to exempt Obama from this sorry record is pitiful ideological posturing. He's right in there with the rest of this crew. As for the Afghan war.....he ran for election on stopping that war. As you know; it's still going on. That said: after 8 years of the war on his watch he plainly owns it, as he owns all the spending he overseen.

Not trying to exempt Obama, just clarifying the facts.

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