06-27-2022, 01:57 AM
(06-14-2022, 12:33 AM)basballguy Wrote:
You're using GDP to measure the economy. GDP is generally accepted as the easiest indicator of the economy....i feel like there's more to it but it's what you're going with.
I also appreciate you posting the chart. You fit the mold for the random internet user that thinks posting a chart with no context immediately makes you right. Kudos.
What you haven't clarified is how it was reeling. To me it looks like you're just making shit up as you go...which is fine, but we'll run with this for now.
Yes. GDP is generally accepted as the easiest indicator of the economy. That's why I posted it and left the notes indicating the recessions under Republican rule. But you went and did one better by posting a better link(thanks) and it indicates every recession.
Now, my main commentary was that the end of Republican's presidencies has been marked by economic wastelands. Your link shows that every recession in my adult lifetime has always been during a Republican's Presidency. Since you put yourself in the category of above Random Internet User, please clarify as to why it's a coincidence and NOT a Republican problem that all of these recessions happen under their watch. Even your own link has the only recession during the 16 years of Clinton and Obama was the aftermath of Bush II . . . which is kind of what I was talking about in the first place.
Quote:Now using GDP -You are correct. I remembered the recession before your numbers kicked in. It's highlighted by both of our links. Late 90-91 was not good for Bush even though the Iraq war was supposedly America's most one-sided victory, the view was that the handling of the economy took him down. Maybe your memory is different as to why he lost but that's how it went up here.
Bush I
- Q1 1992 - 6.363T 1.6% increase of previous quarter
- Q2 1992 - 6.470T 1.7% increase
- Q3 1992 - 6.566T 1.5% increase
- Q4 1992 - 6.680T 1.9% increase
- Q1 1993 - 6.729T (Clinton takes over) - 0.7% increase
- Q2 1993 - 6.808T (First full Q) - 1.2% increase
So the year before Clinton took over, the GDP was steadily increasing. It continued to increase when Clinton took over.
And, just curious, did you ever give credit to Obama for the six to seven years of steady economic recovery that Trump took over?
Quote:Bush IIWhich country's economy effects the global economy the most? I've always thought that it was ours. So if ours is mishandled, like irresponsible tax cuts . . . doesn't that effect the global economy?
No sense in spelling out the GDP here by quarter. There was a GLOBAL recession. But hey man if you're down with blaming that on Bush then there's no hope for you. Instead I'll give you these tidbits:
- The GDP grew from 10.470T to 14.608T under Bush for a 39.5% increase (even after you factor in his recession quarters at the end of his term)
- For the first half of the recession the GDP still grew each quarter.
- The GDP impact of the recession was basically over by the time Obama took office
And I'm not saying you are, but many are blaming Biden for gas prices. I know that in Alaska in 2000, I was working with some friends planning on buying land, building it up and selling it. Gas was $1.07 a gallon in our notes. 8 years later, on September 2, I sent an e-mail to an ex-gf and in there I tell her that gas is currently $4.50 a gallon and is forcing prices of everything in the produce department that I work in to skyrocket. So where I live, in 8 years, gas more than quadrupled in price. I don't care what the national averages were, I just know that life was miserable after Bush II and for some reason, gas prices never got that high under Obama while life for the average person improved year by year.
Quote:TrumpI was literally heading out the door to spend the last week and a half on one of those properties that we/I bought years ago before selling it when I posted that and was posting that just as a quick example of a timeline of recessions, not necessarily as an example of GDP at the exact handover.
"Mishandling of Covid"
Where in your absolutely insane mind do you think Trump handed off a "reeling" economy to Biden (based off GDP)? If anything, you should be all over Trump's nut sack (if we're blaming/crediting presidents for the economy) for keeping the GDP impact of Covid to 1-2 quarters tops.
- Q3 2019 - 21.505T (too lazy to do %'s at this point)
- Q4 2019 - 21.694T
- Q1 2020 - 21.481T
- Q2 2020 - 19.477T
- Q3 2020 - 21.138T
- Q4 2020 - 21.477T
Now I personally do not believe you can even credit/blame presidents for the state of the economy....but people like you come around, with no understanding of the economic picture, and toss out blame without a second thought.
One last thing on your "oMg YoU WaTcH fOxNeWs" comment.....I don't. :)
data source: https://fred.stlouisfed.org/series/GDP
But hey. Apparently you know more about the economy and I'm willing to learn. Go ahead and explain why all of those grey zones indicating recessions in your link happened under Republicans watch, but aren't their fault. And also please explain why there were none under the last two Democratic presidents, other than the leftovers of Bush's mess, but somehow, their policies are supposed to be bad for the economy. Now I'll give you 9-11 and Covid, but what about the other recessions your wonderful link points out? Why did it show, as I correctly remembered, that they happened under a Republican regime?
Only users lose drugs.
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