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MoBuffs

Joined: 10/1/14 Posts: 724
Likes: 495


The economy over the trailing last four quarters has increased 2.3% on an..


annualized basis. Obviously those numbers don't qualify as "booming" or the "best economy ever" as Trump continues to suggest to his ill-informed base. Growth (as measured by GDP and job creation) during the first two and a half years of the Trump presidency has been very comparable to the last five plus years of the Obama administration. The major difference between the two presidents is Obama reduced the budget deficit whereas Trump has increased it pretty substantially. The fact that the budget deficit is soaring when the economy is in reasonable shape will likely create all kinds of potential economic problems when the economy inevitably slows down further. We've seen this movie on supply-side economics before. At what point will the majority of Americans realize "Voodoo Economics" - promoted previously by Reagan and Bush junior - doesn't work and say, "enough is enough" at the ballot box? As many NetBuffers have accurately noted in previous posts, Trump's disappointing economic performance (his promises of 4% to 5% growth and eliminating the deficit without touching social security and Medicare look pretty absurd now) is a big reason he's trying to divert attention and fearmonger on immigration and minorities with the base. The Democrats have no one to blame but themselves if they can't defeat this charlatan next year.

(In response to this post by hawg1)

Link: Trump's Budget Deficits Could Double Obama's Deficits


Posted: 08/01/2019 at 2:07PM



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Current Thread:
  Supposed to cut when not booming. ** -- 241Volcano 08/02/2019 3:16PM
  Precautionary, I guess. ** -- hawg1 08/02/2019 3:45PM
  How mant cuts during Obama years? ** -- Colo Spgs Buff 08/02/2019 4:41PM
  Obama had 1.6% growth in his last year in office -- Colo Spgs Buff 08/02/2019 3:17PM
  How have you taken the roaring deficit into account? -- buffaloaded 08/02/2019 5:15PM
  You know it bugs me. But again, Medicare for All -- Colo Spgs Buff 08/02/2019 5:19PM
  Do you think that most Democrats want Medicare for all? -- The Midnight Toker 08/02/2019 7:17PM
  Totally agree....."imagine there were no wars"... -- Gateway 08/02/2019 7:59PM
  Add decriminalization of immigration. ** -- hawg1 08/02/2019 7:58PM
  My sources are documented. -- Colo Spgs Buff 08/02/2019 5:10PM
  Your links contradict your claims... -- Pantero 08/02/2019 7:37PM
  Dont break anything out. Go by numbers listed. -- Colo Spgs Buff 08/03/2019 09:01AM
  Just google "2018 stock market performance"... -- Pantero 08/02/2019 8:44PM
  1.6. I’m not seeing that number. ** -- hawg1 08/02/2019 3:39PM
  Here you go -- Colo Spgs Buff 08/02/2019 4:40PM
  Very articulate. No response from CSBuff or his peers? -- cswilliam 08/02/2019 02:09AM
  Please make check payable to Trump Reelection 2020 -- Colo Spgs Buff 08/02/2019 3:20PM
  Excellent - Thank you ** -- Buffs4Ever 08/01/2019 11:19PM
  Great post! Should be required reading! ** -- Ralphie Bruber 08/01/2019 2:39PM
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