/biz/ - Business & Finance

It takes about 10 years for the previous administrations decisions to take full effect. Dems always trash the economy then people wake up and hire Reps until the economy gets back on track and the Dems siren call of lies and child sex take hold again.

Fallout from the Democrat candidate

>>18269806
>It takes about 10 years for the previous administrations decisions to take full effect.
It takes 10 years for Republicans to undo Democrat fiscal responsibility when they decide to increase the deficit and print money to pay for it?

>>18269764
Look at their electorate

>>18269806
wrong. economic policies take, on average, 90-100 years to fully realize. We are living in Coolidge's America. His party? Republican

Remember: its always someone else's fault. The tv box told me so

>>18269850

Lmaooooooo

>>18269764

>Clinton forces mortgagers to hand out tons of free candy home loans and overhauls the housing market
…
>10 years later it all comes crashing down since underlying MBS's are now utterly shit

>Obama racks up spending and goes from 70 to 110% debt to GDP, launches QE and 0% interest for 6 years which pumps the market up
…
>when the next chump takes office and a pandemic hits, the Fed has no resources and the market is artificially pumped up

Not making excuses per se but you have to see how these things affect each other decade to decade. Imagine parents who max out their credit cards for years, must feel pretty awesome during that time period. Then they die and you get their debt and their bags.

>>18269844
When did trump supporters become so deranged?

>>18269764
tying what happens in the economy to the president in power at the time is generally a 100% brainlet thing to do

>>18269909
>Obama racks up spending and goes from 70 to 110% debt to GDP, launches QE and 0% interest for 6 years which pumps the market up
Nice try. Obama's fiscal stimulus was appropriate and saved us from the second Great Depression. When the recovery started, the deficit was halved thanks in part to his spending cuts ("The Sequester") and taxes on the rich. Economic growth and job growth during his second term were the same as Trump's first three years before he decided to become Communist and shut the entire economy down over the fucking flu. BAKA.

>>18269850
It's a good thing Republicans and democrats switched sides during that 100 years then :^)

>>18270013

>Obama's solution to the crisis was totally uncreative and basically just "spend America's entire rainy day fund in one go and let the next sucker deal with the ramifications"
>not a single banker jailed or useful reform enacted
>N-n-nice try

I could have done his job. Just cut massive fucking checks all around and pump a false sugar high into lending and spending through the Fed. Great job, about what I'd expect from a diversity hire history professor.

Why do leftist shitheads always come and fuck around on /biz/ when it's a bear market? Fuck off back to your cuck porn and cigarettes already.

>>18269931
When a driver crashes a car you blame the driver that's driving that day, not the one which was driving yesterday

>>18270120
>Why do leftist shitheads always come and fuck around on /biz/ when it's a bear market? Fuck off back to your cuck porn and cigarettes already.

>>18270120
>No0o0o don't focus on the economy if it's bad

>>18270197

Damn, didn't realize Trump caused a global pandemic. Here I was thinking it was due to China and globalism, two things he's cautioned about since day 1.

>>18270089
Ok Peter Schiff schill. You realize he does nothing more than brainwash people like yourself into believing an economic system that has no place in reality so you buy gold from his company lmao.

>>18269764
Back to your /pol/ containment board.

>>18270197
He's the "driver of the economy," you say. Absolute guttersnipe retard.

>>18270325

The fuck does this have to do with gold you fucking moron. It was the lowest hanging fruit approach to solving or mitigating the crisis, and everyone knew it was going to bounce the problem down the line.

>>18270319
He closed the economy in response to the fucking flu. Sounds like he caused the economic crash to me. We had multiple pandemics under Obama and never once was the solution, "lmao better shut the entire fucking economy down".

Imagine being so fucking ignorant that you think republicans are to blame for economic collapse. Do some actual research

Anon. Trump is a stooge and slave of the bankers. He'd have ran Democrat if they thought they could get their tool into office

>>18270368

Democrats criticized him for not doing enough, so who exactly are you defending here? It was either go full quarantine or let 1-2m Americans die.

>>18270483
It's almost like there's a republican in charge right now.

>>18270483
They are 100% to blame for economy collapse seeing as how it always happens under the watch, deep into their control.
>>18270515
You can contain pandemics without being a communist and shutting the entire economy. Source: Barack Obama's presidency.

If Trump didnt delete our pandemic response team, and then approach the podium with a gamer slouch and a "i accept no responsiblity" attitude, while defering responsibility to everyone around him but also not truly listening to the actual professionals, we wouldnt have had such a massive drop. Instead he walks up on stage and yells at reporters while making a retard of himself. In his position, he is the face of our government, and when we're in a crisis it is critical our president knows how to conduct himself and calm the people.

His approach however is to lie to get the market back up and then say things that have no basis in reality. If we didnt hire a brainlittle to be the face of our nation, we would have this much more under control.

Its not all just number games, its the faith your government instills in the people that things will be okay. If Trump was anything other than a bumbling retard who didnt change his stance every time he goes up on stage Americans would be able to rally behind him.

>>18270515
You're so used to being on the offensive that when someone attacks trump you think that they're defending someone else.

>>18270543
>>18270549
>economy ATH
>pandemic happens
>IT'S THE REPUBLICANS FAULT
You sound so fucking stupid right now lmao

>>18270549

>You can contain pandemics without being a communist and shutting the entire economy. Source: Barack Obama's presidency.

Swine flu wasn't close to the same catastrophe. Was Europe shutting down en masse? You're retarded

>>18270555

No I'm asking for a comparison or reference point. Which is how you grade political performance, not on some kind of fairy tale absolute basis. Presidents only inherit a global pandemic once every 100 years after all.

>>18270563
"Yes"
If you own it on the way up, you own it on the way down. And he did. He signed the dead cat bounce remember

>>18270563
>economy growing at same rate as Obama's second term, stock market overpriced
>pandemic happens
>Trump goes full communist and uses federal force to shut down the entire economy.
Yep, it's the Republican's fault.

>>18270597
Trump didn't issue the stay at home orders, the state governments did, then trump advocated for it afterwards

>>18270597
>>18270583

>if only we had a Dem governor in charge of this crisis!

>>18270639
He forced them to over a conference call. It's a well established fact.

>>18270697
Not even gonna say anything to you except deflection cope.

It’s true that republicans like to crash the economy, but they prefer to defer it to the end of their second term, given that it’ll be the next guy cleaning it up. See: W Bush, Reagan

Kung flu just accelerated the process.

>>18269806
how could limitless gibs to skillless workers possibly be bad???

>>18270781

Lmfao, look at how there's only one deep south state on that list, and it's LITERALLY THE ONLY ONE WITH A DEM GOVERNOR LMFAOOO

>>18270697
>washington the state where it happened and has already flattened its curve
this trashes your entire argument

>>18270847
I wonder if this is why they remain popular.
Democrats are stupid so playing this game with them. Leftists are always voluntarily being the fall guys

>>18270953
>so
for*

>>18270910

>Dem governors already a minority in the US
>they are 9/10 of the top 10 infected states
>a-argument invalidated

You guys are so fucking done it's not even funny. "Flattening the curve" lmfao Dems are racking up 80% of all national infections. Go blue

>>18270953
>democrats are stupid
Yes surely the people electing those who crash the economy are mega geniuses

>>18269850
if we we're living in Coolidge's America of laissez faire economics without bungling government tampering then we would have flying cars and a colony on Mars by now

>>18270993
Your argument is this.

>>18271077

Damn didn't realize New Jersey, Michigan, and Louisiana were top 5 states population wise you retarded faggot. Where's Texas?

>>18270993
>literally zero argument
lel nice cope

>>18271146

What is hard to understand about "Democratic leadership is doing way worse in handling this crisis than Republican leadership on a tangible, boots on the ground basis." I live in a state with a Republican governor that took assertive and quick action on this virus and we're way undercount per capita. Why the fuck is New York state 50% of all national cases? This place is heralded as the beacon of Dem politics. Somebody should be calling for Cuomo and de Blasio's heads and instead they're whining about Drumpfy.

Stay delusional nigger. Not like I care, looks like there's going to be a lot less Democrats voting in November.

>>18270368
The crash was already happening.
They are using it as an excuse to run the entire ficking country into thefucking ground and force everyone into depth and using the feds virtual currency.

>>18271077
leave my naked fuzzbois out of this

>>18269764
It's funny because the Democrats were claiming this economy literally right up until it went to shit.

Now it's Dermpf's fault.

>>18271429
Hoover did 1929. Bush did 2008. Trump did 2020.