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November 17, 2019, 07:11:57 am
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  Grade the Obama-Biden economy overall:
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Question: Grade the Obama-Biden economy overall:
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Author Topic: Grade the Obama-Biden economy overall:  (Read 379 times)
bronz4141
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« on: October 31, 2019, 07:56:49 pm »

Grade the Obama-Biden economy overall, from 2009 to 2017:

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Del Tachi
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« Reply #1 on: October 31, 2019, 10:48:21 pm »

Decidedly average:  C
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True Federalist
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« Reply #2 on: November 01, 2019, 05:13:40 pm »

Grade the Obama-Biden economy overall, from 2009 to 2017:



It's still going strong despite Trump's efforts to derail it with economic nationalism. Trump's too accustomed to scamming people to realize it is possible for there to be win-win situations in which both sides win and thus both sides want to do it again. It's a byproduct of his starting in the real estate industry where you don't get customers making frequent purchases for the most part.
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Old School Republican
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« Reply #3 on: November 01, 2019, 05:19:35 pm »

C-
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GP270watch
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« Reply #4 on: November 02, 2019, 02:01:15 pm »

 B in totality, A+ given what he took over and had to deal with.

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bronz4141
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« Reply #5 on: November 04, 2019, 08:24:43 pm »

B in totality, A+ given what he took over and had to deal with.



I know that the 2014 and 2016 were both cultural and economic anxiety.

Do you think Obama could have proposed more tax relief in his second term to help a Democratic president in 2016?
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GP270watch
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« Reply #6 on: November 05, 2019, 10:24:02 am »

B in totality, A+ given what he took over and had to deal with.



I know that the 2014 and 2016 were both cultural and economic anxiety.

Do you think Obama could have proposed more tax relief in his second term to help a Democratic president in 2016?

 Obama last term as President was pretty much in line with Trump's economic performance. Trump hypes his economy but the real numbers are rather underwhelming. Trump passed a huge budget deficit busting, debt adding tax scheme that was one of the biggest redistributions of wealth from the poor, working class, and middle class to the very wealthiest Americans and corporations.

 People forget exactly what Obama took over. Obama took over an economy that was hemorrhaging. Trump took over a stable economy that was fundamentally sound.

 
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SInNYC
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« Reply #7 on: November 06, 2019, 10:05:52 am »

On the negative side, there were no real fixes for the conditions that caused the great recession. Unproductive unsustainable growth of paper wealth still continues like before. The few things that were passed under Obama in this regard were minor and (and even those were later watered down). This is a far cry from FDR who fundamentally changed the economy after the great depression.

On the positive side, Obama's economic recovery did not rely on a bubble and was fundamentally solid, so solid in fact that its still going. This is unlike Clinton and W, whose good economies were mainly bubbles.

So, a B?
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Edgar Suit Larry
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« Reply #8 on: November 07, 2019, 08:42:15 am »

On the negative side, there were no real fixes for the conditions that caused the great recession. Unproductive unsustainable growth of paper wealth still continues like before. The few things that were passed under Obama in this regard were minor and (and even those were later watered down). This is a far cry from FDR who fundamentally changed the economy after the great depression.

On the positive side, Obama's economic recovery did not rely on a bubble and was fundamentally solid, so solid in fact that its still going. This is unlike Clinton and W, whose good economies were mainly bubbles.

So, a B?


Despite the economic nationalism though I think Trump is backing off on it so he can win reelection. Basically the only change Trump really did was to grow the deficit and worsen environmental quality by giving lavish gifts to his supporters.
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« Reply #9 on: November 09, 2019, 12:17:27 pm »

C, and that's honestly generous (mainly because it was better than the Republicans were pushing and also superior to the people who screwed it up worst of all, the European Union). Sadly, like most countries in the West, the"economic recovery" was threadbare and accompanied by an extraordinary flow of capital to the richest strata of society - both an effect of the overall economic strategy of cheap money leading to a stock market boom and specific stuff like the auto "bailout".

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