Admit you voted for Biden

[basballguy]

(06-13-2022, 11:37 PM)Forever Spinning Vinyl Wrote: Well, my dictionary doesn't begin and end with Fox News. I'd love to hear your "Once upon a time . . . " fairy tale version of how Republicans are good for the economy.

The main line out of the Bill Clinton campaign "It's the economy, stupid", because 12 years of Republican trickle down economics left the economy in a downfall. He gave us our most one-sided military victory in our history and lost because of the economy.

Bush II - is that the economy you're touting as a success? 

Trump - What was the economy like after his mis-handling of covid?

1992 End of Bush
2008 End of Bush II
2020 End of Trump

 
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.  

Now using GDP - 

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.  

Bush II
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
  

Trump
"Mishandling of Covid"

• 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
  

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.  


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