US Election 2020

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SoldierMan said:
LOL It's always a conspiracy with Trump if it's slightly positive/not negative news. But always absolute FACT if it's negative news. Get a grip man.....
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Recall Ukraine? Trump has a track record of abusing his office for personal political gain. It's not that far-fetched to think that he would extort members of the public, as he tried to extort Zelensky.
 
lumeer said:
Recall Ukraine? Trump has a track record of abusing his office for personal political gain. It's not that far-fetched to think that he would extort members of the public, as he tried to extort Zelensky.
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Wasn't he found not guilty of that?
Like I said it's all facts with you, unless it's positive news.
 
lumeer said:
Recall Ukraine? Trump has a track record of abusing his office for personal political gain. It's not that far-fetched to think that he would extort members of the public, as he tried to extort Zelensky.
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He was wound NOT guilty for that.
 
SoldierMan said:
Wasn't he found not guilty of that?
Like I said it's all facts with you, unless it's positive news.
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Trump and his associates have admitted to what he did! And he wasn't found "not guilty", he was acquitted in an impeachment trial by a bunch of his fellow politicians.

There are none more blind than those who will not see.
 
lumeer said:
Trump and his associates have admitted to what he did! And he wasn't found "not guilty", he was acquitted in an impeachment trial by a bunch of his fellow politicians.

There are none more blind than those who will not see.
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A trial with a distinct lack of witnesses, for some odd reason
 
konfab said:
You looked at the graph you are citing? Why don't you see where the current trend of spending started? It was in 2010 with QE under the first Messiah.

You were just bleating on about how the economy was fantastic under Obama and that Trump is still in his legacy, yet if you look at the deficit, the same story applies Trump is following pretty much the same lines.

You cannot have it both ways

The US can't tax themselves out of this, only way to do it is to cut spending, then keep it constant until the economy grows. I have said this before, neither party will do it.

Trump at least isn't campaigning budget friendly things like eliminating student debt, Medicare for all etc.
And unlike tax cuts, those things don't make business easier, which improves the GDP growth rate a bit.
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The US taxpayer should never have bailed out the corporate banks like they did, that was the main reason for the debt exploding, not to mention Reagan's tax cuts. Trump has taken it to anther level now however and you seem to prefer covering your eyes and ears to it.
 
Unhappy438 said:
The US taxpayer should never have bailed out the corporate banks like they did, that was the main reason for the debt exploding.
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I bloody well completely agree with that. Nevertheless, you are wrong...

The debt explosion was called by QE
The total value of Treasurys held by the Fed varies. On March 18, 2009, that value was $474.7 million. By November 29, 2019 that number had mushroomed to $2.248 trillion.
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https://www.thebalance.com/what-is-quantitative-easing-definition-and-explanation-3305881

TARP, which were the corporate bailouts:
The TARP program originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP program. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.[1]

On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.[2][3]
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https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
Ended up being relatively neutral on the budget sheet interestingly enough

Unhappy438 said:
Trump has taken it to anther level now however and you seem to prefer covering your eyes and ears to it.
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Tax cuts grow the economy. Which at least offsets the spending... somewhat. I think I have repeatedly said that I don't agree with Trump on the spending.

The bailouts were bad because they incentivised bad behaviour on the part of the banks. Which is a concept that lefty progressive types never seem to apply to government welfare of other sorts.
 
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