Well, we're in one right now. We MIGHT have another one in 2023.
3) I understand that a President has next to no power to affect the economy one way or the other. A President can implement polices that are either bad or good for people and business, can enter into agreements with other countries that are either good or bad, can set a good example or not to others with his (so far only 'his') behavior, but there is NOTHING that a President can do that will have any kind of significant effect on the economy. There are just way too many factors that a President has zero control over. The Fed chairman has WAY more power to affect the economy in the United States than a US President does...and even he/she doesn't have THAT much power.
While I will agree that there are certain aspects of the business cycle that a president really can't affect (other than to push the cycle peak a little to the left or right based upon policies), excessive action on the part of the executive can seriously impact the economy.
Russian oligarch Oleg Deripaska, a Paul Manafort associate named dozens of times in the Mueller report, has been indicted for sanctions evasion and obstruction of justice.
Hey Dummy Bidenette, you know about as much as Flagpole---who guaranteed Trump wouldn't win in 2016---as if his opinion would have any affect on the outcome of a Presidential Election. He was wrong, many times, and so are you. Stay on the sidelines with old man Flapole and keep quiet 🤫
Hey Dummy Bidenette, you know about as much as Flagpole---who guaranteed Trump wouldn't win in 2016---as if his opinion would have any affect on the outcome of a Presidential Election. He was wrong, many times, and so are you. Stay on the sidelines with old man Flapole and keep quiet 🤫
Hey Dummy Trumplican!!!
Your guy, Donald J. Trump, is going to go to prison!!!
While I will agree that there are certain aspects of the business cycle that a president really can't affect (other than to push the cycle peak a little to the left or right based upon policies), excessive action on the part of the executive can seriously impact the economy.
On Friday, February 12, Paul Krugman and Lawrence H. Summers will join Markus’ Academy for a conversation.Krugman is Professor Emeritus at Princeton Universi...
Again, your reliance on glorified poll readers such as Nate Silver/538 will lead you to defeat
The Senate races in GA & NV are pretty much a done deal (blue to red flips) Even if Oz loses and dems hold AZ, the dems are NOT flipping FL, OH or other red states.
The dems will not control the Senate in 2023 and you will be hiding on election night, loser.
For all their noise about the border, the GOPers don't *want* things to improve there--so long as there's a Democrat in the White House. Abbott and DeSantis don't *really* care about the border--especially since most of the Americans who live there are "Mexicans" anyway--but it makes a great talking point as they head into their next election.
When the GOP had the White House and the Congress in 2017-18, they did nothing. They don't want the things to improve because they want to incite fear among voters. Remember the caravan threatening our southern border right before the 2018 midterm election?
Very good point. "Unh-unh"--and giving more money to rich people--seem to be the GOP's "policy" goals.
That's not at all clear. I don't agree with Flagpole on much, but...
You agree with Flagpole on practically everything (at least that you're willing to post). What a strange cliché thing to say.
Flagpole, what makes you so confident that GDP growth will be positive in Q3? All the projections have been revised down since the last CPI report.
1) Anyone who is smart agrees with me on practically everything.
2) Not sure what you're looking at, but most projections I've seen show anywhere from 1% to 1.5% growth for Q3.
I'm not adamant about it...I just think it will be in positive territory...again, due to projections I've heard so far. Sometimes projections are wrong.
You agree with Flagpole on practically everything (at least that you're willing to post). What a strange cliché thing to say.
Flagpole, what makes you so confident that GDP growth will be positive in Q3? All the projections have been revised down since the last CPI report.
1) Anyone who is smart agrees with me on practically everything.
2) Not sure what you're looking at, but most projections I've seen show anywhere from 1% to 1.5% growth for Q3.
I'm not adamant about it...I just think it will be in positive territory...again, due to projections I've heard so far. Sometimes projections are wrong.
2) That was true until 2 weeks ago... then they all got revised down when inflation came in higher than expected.
Trumps tax cuts did the same thing. 1.5 trillion into the economy but mostly into the pockets of rich people and corporations. Lots of people believed that the tax cuts were largely unnecessary to stimulate the economy.
How high was inflation under Trump?
My knee didn’t hurt when Trump was president either. Do I blame Biden? Why do you continue to rattle off such a simplistic view day after day ignoring all counter arguments?
My knee didn’t hurt when Trump was president either. Do I blame Biden? Why do you continue to rattle off such a simplistic view day after day ignoring all counter arguments?
You made a specific claim that the 2017 tax cuts caused inflation. They may have have been unnecessary, but they didn't cause inflation, the data is already in on that.
My knee didn’t hurt when Trump was president either. Do I blame Biden? Why do you continue to rattle off such a simplistic view day after day ignoring all counter arguments?
You made a specific claim that the 2017 tax cuts caused inflation. They may have have been unnecessary, but they didn't cause inflation, the data is already in on that.
I did not make that claim at all. I just read my comment and I can see where you got that from (“did the same thing”), but that’s not specifically what I said and it’s not what I meant either.
My point was that if all it took to create inflation was 1.5ish trillion dollars of money printed into the economy unnecessarily, then why didn’t it happen under Trump when he did that very “thing?” How did the most recent 1.9 trillion destroy the economy but that previous 1.5 was amazing great the best ever?
I just think you guys aren’t really thinking that hard about this and your political bias of “liberal bad” is leading you to believe that the Biden policy specifically destroyed everything. You WANT to believe that.
That's not at all clear. I don't agree with Flagpole on much, but...
You agree with Flagpole on practically everything (at least that you're willing to post). What a strange cliché thing to say.
Flagpole, what makes you so confident that GDP growth will be positive in Q3? All the projections have been revised down since the last CPI report.
Their belief is that falling gas prices created by releases from the SPR will have stimulated mild economic growth. There was a very slight uptick in the CCI in September that might give a whiff of this. But the reality is that CCI is still below where it was during the worst part of the pandemic. My belief is falling gas prices is more of a sign of continued recession. What we can agree on is that it is a temporary reprieve that will likely go away after the election and the valve on the SPR is shutoff. Other than drawing down the SPR, Biden and the left have done basically nothing to address inflation.
That is true. I put the entire blame on the GOP establishment swamp dinosaurs, specifically to the useless Cocaine Mitch. I do not want him as Majority Leader ever again. We need one of the M-aga senators to take over the Senate- Josh Hawley or a Rick Scott would be great in that position. This will set the stage to more wasily pass America First legislation with either DeSantis or Trump in 2025.
So you are against LEGAL immigration and you support HATE CRIMES against Asian Americans? You are showing your true color.
You were bashing Christianity when you referenced, in a scornful and derogatory way, the "magic man in the sky." Now you are backtracking because you fear that all the fine, upstanding, J. Christ-fearing posters here (there are several) will turn on you for slandering their one and only Lord above.
You are a very sad, faith-less unbeliever. You've probably even engaged in deviant polymorphous tantricalist sex acts like Marge Taylor Green.
Rep. Marjorie Taylor Greene’s (R-Ga.) husband filed for divorce Wednesday on the grounds that the marriage is “irretrievably broken,” according to court documents. Perry Greene is also asking the Floyd County Superior Court t...
