Markets 9-2-2020

[Grace Preston]

Obama's debt numbers are quite literally-- NOTHING to brag about. He did come into office during a massive recession-- which did contribute mightily to it-- but he's certainly no Bill Clinton when it comes to the deficit. He might have been a Constitutional Law Scholar-- but he was no economist.



Trumps debt accumulation pre-COVID was on par with his predecessors. The only thing about that which gives pause is that he inherited a good economy-- and on paper it had become an even better economy pre-COVID. Normally-- that would create a decrease in debt. But thus far-- it hadn't in Trump's case. However-- thanks to COVID-- we're going to have a rough time ever giving him a 100% fair assessment, whether he gets 4 more years or not.

[adav8s28]

Originally Posted by The_Waco_Kid

you keep bringing that up, like it matters?

are you disputing this ..


The Bottom Line

Depending on the method you use, Obama contributed between $2.8 trillion and $9 trillion to the overall U.S. national debt.

the 9 trillion figure is accurate. and the least number by method for his total presidency is 2.8 trillion


Obama wasn't prez in 2017

and why don't you just impress me by answering what WTF could not ..

what are the 3 components of the federal debt and which are actually good and which is bad?

Obama was President in 2016 and the federal budget deficit for that year WAS 585 Billion. In 2017 When Trump took over the deficit increased to 665 Billion. The DATA is the DATA. You can't fudge it. WTF can speak for himself, when comes back from his vacation.

https://www.thebalance.com/us-deficit-by-year-3306306

[adav8s28]

Originally Posted by Grace Preston

Obama's debt numbers are quite literally-- NOTHING to brag about. He did come into office during a massive recession-- which did contribute mightily to it-- but he's certainly no Bill Clinton when it comes to the deficit. He might have been a Constitutional Law Scholar-- but he was no economist.

The federal budget deficit was 585 billion in 2016. The lowest it has been since B. Clinton left office. The data is the data. I never said Obama was an economist.

Now with Trump the deficit went to 1 trillion because of the corporate tax cuts two years ago. This year it will shoot up 3.3 trillion because Trump mismanaged the pandemic.

https://www.thebalance.com/us-deficit-by-year-3306306

[The_Waco_Kid]

Originally Posted by adav8s28

Obama was President in 2016 and the federal budget deficit for that year WAS 585 Billion. In 2017 When Trump took over the deficit increased to 665 Billion. The DATA is the DATA. You can't fudge it. WTF can speak for himself, when comes back from his vacation.

which means you can't count the 2017 budget as Trump's, butt you knew that, right?

you phrased it incorrectly. and WTF's ban was lifted months ago. he won't post here anymore. he thinks them evil mod's gots an agenda against him. if he thinks so!!


so what are the three components of the Fed Debt? you should know, yeah?

[adav8s28]

Originally Posted by The_Waco_Kid

which means you can't count the 2017 budget as Trump's, butt you knew that, right?

The accounting period for the Federal Gov budget is Sept to Sept so 7 months of the 2017 budget belongs to your hero Trump which is why it went to 665 Billion after Obama go it down to 585 billion in 2016 which was Obama's last full year in office. The data is the data and you can't fudge it.

https://www.thebalance.com/us-deficit-by-year-3306306

[The_Waco_Kid]

Originally Posted by adav8s28

The accounting period for the Federal Gov budget is Sept to Sept so 7 months of the 2017 budget belongs to your hero Trump which is why it went to 665 Billion after Obama go it down to 585 billion in 2016 which was Obama's last full year in office. The data is the data and you can't fudge it.

https://www.thebalance.com/us-deficit-by-year-3306306

so which fudged data do you want to accept?


The Bottom Line

Depending on the method you use, Obama contributed between $2.8 trillion and $9 trillion to the overall U.S. national debt.


asking for Trump 2020

[adav8s28]

Originally Posted by The_Waco_Kid

so which fudged data do you want to accept?


The Bottom Line

Depending on the method you use, Obama contributed between $2.8 trillion and $9 trillion to the overall U.S. national debt.


asking for Trump 2020

Your hero Trump is contibuting 3.7 Trillion to the national debt in one fiscal year.

https://www.thebalance.com/us-deficit-by-year-3306306

[The_Waco_Kid]

Originally Posted by adav8s28

Your hero Trump is contibuting 3.7 Trillion to the national debt in one fiscal year.

https://www.thebalance.com/us-deficit-by-year-3306306

2020C $3,700N.A.17.9%With COVID-19 impact


you mean this? so your point is what exactly???

[dilbert firestorm]

Originally Posted by adav8s28

The accounting period for the Federal Gov budget is Sept to Sept so 7 months of the 2017 budget belongs to your hero Trump which is why it went to 665 Billion after Obama go it down to 585 billion in 2016 which was Obama's last full year in office. The data is the data and you can't fudge it.

https://www.thebalance.com/us-deficit-by-year-3306306

actually, no. the federal fiscal year is October to September, not sept. to sept.

[LexusLover]

Originally Posted by Grace Preston

Excellent-- I'll let my sister know that despite her being unemployed and unable to get an interview in her field-- that the markets are doing well. I'm sure that'll make her happy.

Are you related to Lucas McLain?

[LexusLover]

Originally Posted by adav8s28

Your hero Trump is contibuting 3.7 Trillion to the national debt in one fiscal year.

https://www.thebalance.com/us-deficit-by-year-3306306

Congress. The President doesn't pass spending bills.

It's helpful to take a civics or government course prior to shooting off your mouth!

(Or typing shit on blogs!)

[oeb11]

Pelosi and Schumer got a $ 2.2 trillion Covid bill passed - and tried for another several trillion loaded with DPST socialist pork - soylent Green new Deal - et al - so to blame Trump for all the debt is disingenuous.

( go to google for a definition - they are a DPST marxist as you - you can trust them to fit your narrative)


Both parties have contributed mightily to our national Debt - and it is written - when america looks to the treasury as its' pocketbook - Democracy is dead.



we are heading there rapidly - and it is just fine with hostile marxists who see an opportunity for Marxist revolution.


'"it's the end of the world - and I feel fine" REM

[Grace Preston]

Originally Posted by LexusLover

Are you related to Lucas McLain?

No. My sister worked for a large employer that shut their doors in July down in Waco-- you should be able to look it up if its that important to you. Many lower level employees have found new work with other area employers-- but her job was a bit more specialized and ALL the offers she's been getting are for a lot less than she's used to making. She could probably find work more quickly if she were willing to leave Waco, but that's been her home for 30 years now.

[Lucas McCain]

The market is not an indicator of a healthy economy. Just look at yesterday in the market. When investors sell off that quickly and take their short term profits, they are usually day traders or have no faith in the market. In this case, it is probably both IMO.

There is no stability in this country right now. The volatility in the market reflects that fact. This country's economy did not go from healthy one day because of the market and to shit the next day because of the market. Many people are unemployed as Grace said regardless of the stock market. That's hardly a healthy economy.

It is easy to manipulate net profits for a company. I do it for a living. All you have to do is eliminate the biggest cost for that company - employees.

[HoeHummer]

And Trumps failed nation drags the rest of us down, too, eh!