If the Biden Administration was replaced today how long would it take for the US to revive?

Discussion in 'Political Opinions & Beliefs' started by yangforward, Feb 21, 2024.

  1. WillReadmore

    WillReadmore Well-Known Member

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    Obama was blocked by Republicans from taking the direction he wanted to take.

    He wanted to focus on those at the bottom end of the economic scale - workers, etc.

    With tax cuts, he wanted to cut FICA, etc.

    Let's remember that corporations recovered almost immediately. Domestic product recovered in something like a year.

    However, employment took years to recover.

    There was no dam against COVID. Trump ignored fundamental medical science in favor of travel, close contact and ivermectin!.
     
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  2. dairyair

    dairyair Well-Known Member

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    Yep. And the economy went on a 10 yr bull run.
    One of the longest in history. I think I already mentioned that to you. Under Obama, the DJI went up 186%. Nearly tripled.
    And stayed in the bull run until trump was president and crashed in 2020.
     
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  3. WillReadmore

    WillReadmore Well-Known Member

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    Amen. That was a stupendous recovery, moving into a steady growth until Trump.

    Now, we have Biden governing steady growth, including wage earners.

    Why would we dump that for Trump in his waning years of mental collapse and his calls for dictatorship?
     
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  4. dairyair

    dairyair Well-Known Member

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    Ask @RodB

    He thinks trump was the best and Obama and Biden the worst.
    But the economy, stock market and employment numbers suggest otherwise.
     
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  5. RodB

    RodB Well-Known Member Donor

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    This is all a non-sequitur. Republicans may have mitigated Obama's plans but Obama's Fed still poured over a trillion dollars into the money stream in three (IIRC) "quantitative easings." for example
     
  6. dairyair

    dairyair Well-Known Member

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    Obama nor any president controls what the Fed Res does. Only the fed res control interest rates.

    That policy likely kept the country and perhaps the world from diving into a depression. Afterall, the housing bust was the biggest downturn since the Great Depression.
    ...
    Quantitative easing (QE) is a monetary policy action where a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity.[1] Quantitative easing is a novel form of monetary policy that came into wide application after the financial crisis of 2007‍–‍2008.[2][3] It is used to mitigate an economic recession when inflation is very low or negative, making standard monetary policy ineffective. Quantitative tightening (QT) does the opposite, where for monetary policy reasons, a central bank sells off some portion of its holdings of government bonds or other financial assets.
    https://en.wikipedia.org/wiki/Quantitative_easing
     
    Last edited: Feb 27, 2024
  7. WillReadmore

    WillReadmore Well-Known Member

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    He was handed an unmitigated nation wide disaster.

    He got America restarted, handing off a growing economy.

    If you want to complain about policy, how about complaining about the policy that killed our economy?

    Did you think that would be free?
     
  8. popscott

    popscott Well-Known Member Donor

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    "If the Biden Administration was replaced today how long would it take for the US to revive?"

    I'm thinking a little more scarier thoughts...If the Biden Administration IS NOT replaced, will the US survive.
    We have seen the weaponization of our government and communist tactics.... and don't overlook the obvious...

    Listen to the man words... communist dictators say those sort of things
    "We have to demonstrate that [Trump] will not take power if he does run. Making sure he under the legitimate efforts of the Constitution, does not become the next president again."
    https://rumble.com/v34w72i-joe-bide...overnment-to-keep-trump-from-running-aga.html

    [​IMG]
     
  9. JohnHamilton

    JohnHamilton Well-Known Member

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    Given the numbers of criminals, perverts and terrorists Biden has let into this country with his open borders policy, it will take years to fix it, if at all.
     
  10. popscott

    popscott Well-Known Member Donor

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    Hopefully 4 years will put a dent in it... mass deportation...
     
    Last edited: Feb 27, 2024
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  11. JohnHamilton

    JohnHamilton Well-Known Member

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    I fear that the ACLU, combining with an army of woke lawyers will make deportation, even for the worst offenders difficult. China and Venezuela have indicated that they will not accept them. That is a clear indicator of what those two countries are sending to us - the dregs of their societies.
     
  12. popscott

    popscott Well-Known Member Donor

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    I am still looking for any material or articles of how a physically fit military age Chinese man can escape a communist country half way around the world and arrive at our southern border in a new pair of Nike's and iphone 14..

    Be afraid America.... they are among us...
     
    Last edited: Feb 28, 2024

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