'Get used to it': Economist says Republicans have 'bombed' the economy for years

Economist and public policy scholar Justin Wolfers says Republicans and President Donald Trump have not only set themselves up for a brutal midterm, but voters will probably be holding them accountable for high inflation and fuel prices for years.

“There is a bomb that has hit the world economy and to any of us who watch the economy, there's no question that the economy today is different than it was in February,”

The damage Trump and the GOP have done doesn’t amount to a dip or a drop. It’s much bigger than that — and more permanent. Wolfers described it more as a “crater” resulting from Trump’s bomb

:rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes: Yeah,....the printing of devalued JUNK currency over the years by both parties had nothing to do with it Im sure. And the absolute ROBBERY committed under Biden during Covid was just peachy. Talk about imbecilic.
 
Well the fact is 12 out of the last 13 Recessions all started under Republican Presidents.
And Bush almost put us into a depression.
And we have to elect a DEM President to get us out.
They also run the debt up more then Dems do.
Regan almost tripled it . Bush doubled it, Trump has added almost 10 Trillion to it and is running us into a recession.
YEP the Republicans are great for our economy NOT!

The (D)s really need to work on their messaging. There's the persistent and false belief that (R)s are great for the economy and for workers, the (D)s are all allegedly "tax and spend." Yet data proves this wrong. I'm of course for human rights and dignity, but the (D)s in general have focused too much on social issues and need to pivot to economic ones. That's what concerns voters the most.
 
The (D)s really need to work on their messaging. There's the persistent and false belief that (R)s are great for the economy and for workers, the (D)s are all allegedly "tax and spend." Yet data proves this wrong. I'm of course for human rights and dignity, but the (D)s in general have focused too much on social issues and need to pivot to economic ones. That's what concerns voters the most.
Yes I agree the Dems have to get this message out and show people it is the Republicans that have driven our economy into 13 out of the last 13 recessions and it has been the Dems that pulled us out and got it back on track.
And NOW is the time to start before the mid terms.
 
Yes I agree the Dems have to get this message out and show people it is the Republicans that have driven our economy into 13 out of the last 13 recessions and it has been the Dems that pulled us out and got it back on track.
And NOW is the time to start before the mid terms.
We are at global depression and famine.

THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
 
Economist and public policy scholar Justin Wolfers says Republicans and President Donald Trump have not only set themselves up for a brutal midterm, but voters will probably be holding them accountable for high inflation and fuel prices for years.

“There is a bomb that has hit the world economy and to any of us who watch the economy, there's no question that the economy today is different than it was in February,”

The damage Trump and the GOP have done doesn’t amount to a dip or a drop. It’s much bigger than that — and more permanent. Wolfers described it more as a “crater” resulting from Trump’s bomb

Trump rode the coat tails of the Obama economy from 2017 to 2019, but the rest of his tenure in the presidency is marked by chaos, incompetence, anemic economic performance.
 
Trump rode the coat tails of the Obama economy from 2017 to 2019, but the rest of his tenure in the presidency is marked by chaos, incompetence, anemic economic performance.

And ditto for riding on Biden's coattails. Trump had barely been in a year before he sent the economy into a tailspin.

CRXgDIS.jpg
 
The (D)s really need to work on their messaging. There's the persistent and false belief that (R)s are great for the economy and for workers, the (D)s are all allegedly "tax and spend." Yet data proves this wrong. I'm of course for human rights and dignity, but the (D)s in general have focused too much on social issues and need to pivot to economic ones. That's what concerns voters the most.
The Democrats brought us:

The New Deal adding Social Security to the federal budget.
The Great Society, adding welfare programs like food stamps and Medicare / Medicaid to the federal budget.
Obamacare, adding yet another massive social-welfare program to the federal budget.

Today, Democrat generated social-welfare programs that are mandatory spending programs that can't be cut or even efficiently managed, represent nearly two out of three dollars spent by the federal government. They are the single biggest reason the federal budget is out-of-control.

Then when you toss in the tens, probably hundreds, of billions in yearly fraud these programs generate it's even more obvious where the problem lies.
 
The Democrats brought us:

The New Deal adding Social Security to the federal budget.
The Great Society, adding welfare programs like food stamps and Medicare / Medicaid to the federal budget.
Obamacare, adding yet another massive social-welfare program to the federal budget.

Today, Democrat generated social-welfare programs that are mandatory spending programs that can't be cut or even efficiently managed, represent nearly two out of three dollars spent by the federal government. They are the single biggest reason the federal budget is out-of-control.

Then when you toss in the tens, probably hundreds, of billions in yearly fraud these programs generate it's even more obvious where the problem lies.
Boot strap boy and survival of the fittest
 
The Democrats brought us:

The New Deal adding Social Security to the federal budget.
The Great Society, adding welfare programs like food stamps and Medicare / Medicaid to the federal budget.
Obamacare, adding yet another massive social-welfare program to the federal budget.

Today, Democrat generated social-welfare programs that are mandatory spending programs that can't be cut or even efficiently managed, represent nearly two out of three dollars spent by the federal government. They are the single biggest reason the federal budget is out-of-control.

Then when you toss in the tens, probably hundreds, of billions in yearly fraud these programs generate it's even more obvious where the problem lies.

Excellent. These programs have brought and keep literally millions of citizens out of poverty. In addition, although fraud is present in any large program, it is hardly a blip in these programs over the span of their existence.

Think what we could have done with the billions wasted on Trump's misbegotten war with Iran that has accomplished zero other than negatives for us. How are you liking your $5/gallon gas, Sparky?
 
Economist and public policy scholar Justin Wolfers says Republicans and President Donald Trump have not only set themselves up for a brutal midterm, but voters will probably be holding them accountable for high inflation and fuel prices for years.

“There is a bomb that has hit the world economy and to any of us who watch the economy, there's no question that the economy today is different than it was in February,”

The damage Trump and the GOP have done doesn’t amount to a dip or a drop. It’s much bigger than that — and more permanent. Wolfers described it more as a “crater” resulting from Trump’s bomb

Argument from authority fallacy. Dipshit.
"

Appeal to authority​


Definition: Often we add strength to our arguments by referring to respected sources or authorities and explaining their positions on the issues we’re discussing. If, however, we try to get readers to agree with us simply by impressing them with a famous name or by appealing to a supposed authority who really isn’t much of an expert, we commit the fallacy of appeal to authority.


Example: “We should abolish the death penalty. Many respected people, such as actor Guy Handsome, have publicly stated their opposition to it.” While Guy Handsome may be an authority on matters having to do with acting, there’s no particular reason why anyone should be moved by his political opinions—he is probably no more of an authority on the death penalty than the person writing the paper.


Tip: There are two easy ways to avoid committing appeal to authority: First, make sure that the authorities you cite are experts on the subject you’re discussing. Second, rather than just saying “Dr. Authority believes X, so we should believe it, too,” try to explain the reasoning or evidence that the authority used to arrive at their opinion. That way, your readers have more to go on than a person’s reputation. It also helps to choose authorities who are perceived as fairly neutral or reasonable, rather than people who will be perceived as biased."
 
The (D)s really need to work on their messaging. There's the persistent and false belief that (R)s are great for the economy and for workers, the (D)s are all allegedly "tax and spend." Yet data proves this wrong. I'm of course for human rights and dignity, but the (D)s in general have focused too much on social issues and need to pivot to economic ones. That's what concerns voters the most.

The cycle is both predictable and undeniable at this point.

- Dems take power and while, YES, they do also add to the debt, they typically do so in a way that spurs GDP growth and thus future benefit such as Bidens infrastructure investments and programs increasing Manufacturing jobs. But these investments take YEARS to start to show benefits.

- Republicans, and now Magats take power, and add EVEN MORE then Dems do to the debt, but they get the benefits from the Dem spending in the prior admin and get to simply ride the Dem program momentum....

Trump-Economy-01.jpg


But instead the Republicans, and now Magats, actually implement programs that greatly harm GDP growth (tax cuts for rich coupled with excessive debt, driving away manufacturing jobs, etc) and hand the Dems a collapsing economy.

Why? Because the Republican party realized a long time ago that if they handed the Dems a strong economy, where citizens felt good and were not concerned about debt, then Dems could push thru expanding the Social Safety Net far more and the GOP and Magat cries of 'WE CANNOT AFFORD IT...THE DEBT' would not matter as much.
 
Had Trump come in to power and did not nothing but golf this term he would have continued to see Inflation come down as compared to income growth, and jobs to increase. But instead with his tariffs, and wars and tax cuts, he has taken all the steam out of what was a greatly increasing and positive Biden economy, he was handed.
 
Excellent. These programs have brought and keep literally millions of citizens out of poverty. In addition, although fraud is present in any large program, it is hardly a blip in these programs over the span of their existence.

You have no proof of that since there is no way to compare what would happen without them. For all we know, they increased poverty but stabilized it at a level where the impoverished get a minimum of what they need.
Think what we could have done with the billions wasted on Trump's misbegotten war with Iran that has accomplished zero other than negatives for us. How are you liking your $5/gallon gas, Sparky?
Think of what we could have done with the tens, if not hundreds, of billions in fraud that has been taken from the very programs you champion.
 
The cycle is both predictable and undeniable at this point.

- Dems take power and while, YES, they do also add to the debt, they typically do so in a way that spurs GDP growth and thus future benefit such as Bidens infrastructure investments and programs increasing Manufacturing jobs. But these investments take YEARS to start to show benefits.

- Republicans, and now Magats take power, and add EVEN MORE then Dems do to the debt, but they get the benefits from the Dem spending in the prior admin and get to simply ride the Dem program momentum....

Trump-Economy-01.jpg


But instead the Republicans, and now Magats, actually implement programs that greatly harm GDP growth (tax cuts for rich coupled with excessive debt, driving away manufacturing jobs, etc) and hand the Dems a collapsing economy.

Why? Because the Republican party realized a long time ago that if they handed the Dems a strong economy, where citizens felt good and were not concerned about debt, then Dems could push thru expanding the Social Safety Net far more and the GOP and Magat cries of 'WE CANNOT AFFORD IT...THE DEBT' would not matter as much.

:hand:

Thanks, well said. This is the kind of analysis based on actual data that is Kryptonite to the Reichwingers. Let the name-calling begin!
 
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