06-27-2022, 01:42 PM
(06-27-2022, 01:57 AM)Forever Spinning Vinyl Wrote: 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.
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.
And, just curious, did you ever give credit to Obama for the six to seven years of steady economic recovery that Trump took over?
Which 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?
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.
I 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.
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?
I'm not looking to discount your post because you clearly put some time into it with the length of it.
My biggest sticking point was you claimed the economy was "reeling" and it took a Democratic president to save us.
I'm not looking to argue where the recessions were, who presided over them, etc...simply pointing out that 1) recessions can happen anywhere and 2) There was no "reeling economy" during the presidential changeovers.
As i stated in the post you replied to, I do not put blame/praise on the presidents for the state of the economy.
