furry wrote: ghostriddenhuffy wrote: Dan Harwood wrote:
According to the Republicans the US Economy has tanked since the glory days of G Dubya!
A completely inaccurate quote. The sub-prime meltdown which happened when Bush was in office, and Obama had to clean up and coincidentally, which the Republicans blamed on Bill Clinton - yes shitshow, but for the past eight years the economy has been steadily improving although wages have remained relatively flat. Obama's record in terms of economic performance has been much better than George Bush. Bill Clinton of course rode the tech and .com wave to economic success, but it had very little to do with him. Like most economies in the modern era, the presidency has very little to do with it, it's a beast of its own. Policies help of course, but it takes years for those policies to have any effect and that's what the American people don't understand. They are too miopic and angry to think straight. They want immediate results and in this day and age to takes years for any policy to work.
Steadily improving? In what areas? Certainly not national debt, and certainly not household debt, GDP growth. There is a record high of 90 million plus people out of the labor force. Continued rising participant costs of Obamacare. With exchanges failing miserably. Its the Fed that's actually pulling lots of the strings but steadily improving is a loaded description for sure.
Improving doesn't mean stellar performance by any means. Except for China and India, most countries are creeping along. But even china's growth forecast is not as robust as it used to be. GDP is creeping along, but that is indicative of wages being flat. Banks are holding onto money as are wealthy Americans, but many banks and wealthy Americans are simply going where the money needs to be invested, and that is overseas. The national debt has been accruing for decades, that's not really news. I think Japan and China hold the largest amount of US treasury bonds - A scary thought, which simply means that they have us by the balls which is why there will never be any military confrontation with China, especially in the South China Sea. China is simply too big of a trading partner - A slap on the wrist and politicians saying they strongly condemn that or this - the same old bullshit. What's going on in the South China Sea, well if it were any other country besides China there would've been a military blockade. The US government knew what was going on and did nothing about it. So now you have a militarize South China Sea, and it's only a matter of time before somebody's boat plane or ship gets hit with a missile or torpedo. Will we do something then? Probably not, not even sanctions will work against China. Trumps big talk about being tough with China is a load of bollox. Getting back on topic, I think the economy is better than it was when Bush was any power, but that's not saying too much. As for Obamacare, yep - it's a fucking disaster. The problem is not Obama care itself but the fact that you have an entrenched industry valving around technology and market driven costs and a shit load of people that work in the medical industry including insurance that stand to lose a lot of money based on his plan. Obamacare is just a catalyst - too much too soon, But it wasn't exactly working well before either. Premiums, co-pays, elective procedures, pre-existing conditions - they were all problems before Obamacare and numerous bipartisan voices could be heard with great disdain towards the way it was going - so now what? One Muppet with empty promises is going to change all that? A spoiled brat who inherited money from his father, who would have about 6 billion instead of 2 or 3 billion had he not not fucked up many of his business ventures - yeah, that's the guy I want to run this country...