Final BUDGET DEFICIT for 2020 $3.13 Trillion as National Debt over $27 Trillion.

In short, the economy improved under Trump.

 

So, 10% doesn't need stimulus, but 15% does? I tell you what: The reason why the GOP supported stimulus in 2020, but not in 2009 had noting to do with the unemployment numbers, but everything to do with wanting to hurt the Obama economy for political gain.

 

The government shut down businesses and kept people from working in 2020. That was not true in 2099.

 

I agree.....

Main reason;

Obama was promoting a climate change economy, thus, his proposed budgets contained a number of transitional schemes, unacceptable to Republicans.

In addition, Obama’s Republican Congresses were deficit reductioneers, however, Obama’s long sought $468 billion “over five year” infrastructure investment and then, lowered to $370 billion by Congress was finally approved in Dec 2015.

Question; Did Trump economically benefited from said “over five year” infrastructure investment?

 

Rightly or wrongly we attribute a good or bad economy to the president. I see no reason to change the rules. But frankly, I don't give a damn. We had a good economy going before the pandemic. The best I have seen in my 83 years.

 

The best you’ve seen, but according to a number of economic indicators, and BLS job creation/employment numbers, not the best.

 

It is never appropriate to spend that much.

 

Even when hysteresis in unemployment generates long term losses that exceed the expenditure?

 

A government-induced recession, and from March to today, our “turn key” recovery cost near $4 trillion, thus, a special thanks to;

Federal Reserve
Congress
The IRS
Secretary of Treasury
Trump’s pen

Question; How long has it been since Notes/T-bills/Bonds have kept our heads above the water?

Reason my asking;

Had we kept our deficit at $579 billion, thus, at Obama’s FY2016 deficit, would Trump’s economy have been historically the best, and/or the best economy you’ve seen in the last 83 years?

 

Over the years I have found that there always reasons why an economy is good or bad and people use those explain why their economy would have been better. We don't know what would have been different had conditions been different. So, I really don't give a damn. We had a great economy going before the pandemic for whatever reason.

 

I used the term never. That is what I meant.

 

GOP only cares about fiscal conservatism when a democrat is president. The debt was going up before the pandemic, and not a single comment about being fiscally responsible while Trump was drowning this country in debt.

 

You haven't read my posts on the subject. I'm not a republican but I am definitely a conservative.

 

Statistics do not bear out that we had a great economy in 2019, as record numbers of Americans fell below the poverty level and millions fell out of the middle class. Between the year 2000 and 2019 the median price of a U.S. Home more than doubled, while the median wage barely grew.