Economy under Trump versus Biden; a good summary!

[audiophile]

I find the comparison, at best to be an impossible task; at worst possibility disingenuous.

The effects of Covid and extreme government spending are going to skew the results.

Possibility a better way is to just look the results yourself.

Workforce participation:
https://www.bls.gov/charts/employment-s ... ion%20rate.

National Debt:
https://fred.stlouisfed.org/series/GFDE ... data%20for

Interest Rate Chart:
https://fred.stlouisfed.org/series/MORTGAGE30US/

[radiofann]

Total debt is Important but debt as a proportion of GDP is more important. Are we growing the economy out of the debt hole or digging deeper?

https://fred.stlouisfed.org/series/GFDEGDQ188S



With COVID implosion and bounce back recovery of jobs, it will always be a difficult comparison.

[TC Talks]

I find the comparison, at best to be an impossible task; at worst possibility disingenuous.

Should we now call you a hypocrite for the junk articles you've been posting?

And you are the only people I know who cares about national debt. It's a useless concept at this point.

This is a thoughtful look from a creditable source.

[audiophile]

Total debt is Important but debt as a proportion of GDP is more important. Are we growing the economy out of the debt hole or digging deeper?

https://fred.stlouisfed.org/series/GFDEGDQ188S



With COVID implosion and bounce back recovery of jobs, it will always be a difficult comparison.

Thanks for providing that direct link, like I did to official government charts.

Again, that shows a different picture than the article portrays, and I think we should be concerned about this...as Greece found out the hard way.

[Rate This]

Total debt is Important but debt as a proportion of GDP is more important. Are we growing the economy out of the debt hole or digging deeper?

https://fred.stlouisfed.org/series/GFDEGDQ188S



With COVID implosion and bounce back recovery of jobs, it will always be a difficult comparison.

Thanks for providing that direct link, like I did to official government charts.

Again, that shows a different picture than the article portrays, and I think we should be concerned about this...as Greece found out the hard way.

There was more debt added under Trump than Biden and now half the country wants him back which indicates the debt isn’t important.

[audiophile]

So, you're saying Covid had nothing to do with it?

[Rate This]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts have a major role in that.

[Matt]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

[Rate This]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

Nobody on either side of the aisle is gonna cut spending… we have 42 years of evidence of that. Trickle down and cut taxes and reduce services… none of it works except written on some cocktail napkin somewhere.

[Matt]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

Nobody on either side of the aisle is gonna cut spending… we have 42 years of evidence of that. Trickle down and cut taxes and reduce services… none of it works except written on some cocktail napkin somewhere.

Trump says that Elon Musk will.

[Rate This]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

Nobody on either side of the aisle is gonna cut spending… we have 42 years of evidence of that. Trickle down and cut taxes and reduce services… none of it works except written on some cocktail napkin somewhere.

Trump says that Elon Musk will.

Isn’t he suppsed to go audit it or some other movie-like magic wand thing?

[audiophile]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

Nobody on either side of the aisle is gonna cut spending… we have 42 years of evidence of that. Trickle down and cut taxes and reduce services… none of it works except written on some cocktail napkin somewhere.

Trump says that Elon Musk will.

Beat me to it

It might work...time will tell.

Elon said he would be a volunteer: no pay, or title.

[radiofann]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

Nobody on either side of the aisle is gonna cut spending… we have 42 years of evidence of that. Trickle down and cut taxes and reduce services… none of it works except written on some cocktail napkin somewhere.

Agreed. Trumps last two budgets had to have Dems concurrence, as pelosi and Dems had house majority. So trump got increased defense spending, and Nancy and Dems got increased social services spending. Go figure, both sides spent money on borrowed money. However debt to gdp ratio didn’t skyrocket.

Before we start saying “this president did this, that president did that”, Take a closer look at periods when one party had control of presidency and both houses of Congress. Sort it out that way. Both parties are eager to spend dollars we don’t have and kick the can down the roads.

For instance, the debt to gdp ratio over the years is a good example. In late 90s Clinton and Gingrich had to agree on budgets, (we got tax breaks, welfare reform, Roth IRA, glass-steagall repeal) debt to gdp decreased as economy was unleashed.

Reagan’s two terms, hey, Dems had the house and they loved the spending too. Reagan’s second term, debt to gdp slope moderated due more to economic growth.

Bush #1 term, we had a recession. And a war Gulf War #1. Debt to gdp sloped upwards.

Obama’s second term, again, divided govt, boehner in the house, Obama, had to have reasonable budgets. Debt to gdp ratio had very modest growth.

Look at the chart, see the large climbs, think “who really jointly owned this” or “what black swan occurred here to cause fed spending to recover” ( mortgage crisis, COVID, wars, etc)

Now remember too Rahm Emanuals advice in Clinton years “never let a crisis go to waste”

It takes two to tango(negotiate) but two parties can also spend our great grandchildren’s money irresponsibly as well.

https://fred.stlouisfed.org/series/FYPUGDA188S

[MotorCityRadioFreak]

So, you're saying Covid had nothing to do with it?

I’m saying it’s been a theme for Republicans since Reagan. They’ve all added more to the debt than their Democratic counterparts save HW Bush who didn’t add much. Trump was no different. Tax cuts without spending cuts have a major role in that.

FIFY

Nobody on either side of the aisle is gonna cut spending… we have 42 years of evidence of that. Trickle down and cut taxes and reduce services… none of it works except written on some cocktail napkin somewhere.

Trump says that Elon Musk will.

Playing the Space Farce long game.