How is This Possible?

How can a POTUS which doubles the debt of the past 200+ years become the first president since Hoover to not hit 3% growth in 8 years?



Some sites say it would be the first EVER president. I will look into this. Either way, pretty sad.

 

Gee------------I guess we can put you down as not believing the Obama lies that he has a great economy.

BTW me neither because of the facts you stated.

 

I could tell you but then I would be a liberal democrat and I am feeling rather right wing screw them today, so I will answer your question with a question--what did most of this new debt get spent on?

 

Food stamps, unemployment, welfare programs, ACA, bailouts, and a stimulus bill with "shovel-ready" jobs.

 

But... but... but, he's the greatest president ever!

 

Hey, it's a great economy if you consider part-time work as being successful.

 

Obama was complete failure, he leaves office still never taking responsibility for his Presidency. Getting off Zero Interest Rates is going to cause some YUGE dislocation, buckle in for a rough couple of years, but we should be at escape velocity by Trump's third year and well on our way TO MAKING AMERICA GREAT AGAIN!

 

Didn't the PPACA save the government money?

 

No, they say its saving money, but they actually overprojected the costs in the CBO.

If we really wanted to expand coverage we should of simply expanded Medicaid.

http://www.forbes.com/sites/bruceja...reated-jobs-saved-state-dollars/#3bcf1d59138d

 

Wonder what else the government has been lying to us about....and I assume you meant they underprojected the costs or else it would be saving us even more money than they claim.

 

Congress authorizes spending and controls the budget. I think your concern is misplaced.

 

Remember when government shut down over the debt ceiling?

... Well, Democrats had their way; including Obama.

 

Government spending does not create net productivity. Those that believe otherwise are corrupted in some fashion.

 

Yeah, and the supreme court decided Obama exceeded his limitations 13 times. How many didn't get rebuked.

 

Obama exceeded his limitations 13 times over the budget and spending…. because this thread is about spending and growth??? Nope… There might have been cases of what was considered executive overreach. However….

http://www.politifact.com/truth-o-m...ader-supreme-court-has-ruled-13-times-obama-/

 

I do remember the shutdown over the debt ceiling. I'm an independent, so I don't really look to place blame on political parties, I blame Congress when elected representatives can't find a way to do the right thing for their country. I blame Congress because they control the budget and spending.

 

Arithmatricks!

 

I'm sure it's got to be George's fault. It always is.

 

When most of that debt was inherited from the (Republican) party that refused to invest in the country enough to let it GROW

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Government spending during a Recession provides JOBS...and jobs provide growth because working people sped money and create demand

 

The ACA has not added to the deficit. The Stimulus accounts for 800 billion...and none of the rest is new spending.

So you're about 9.2 trillion short of explaining your claim

 

Perhaps it's because most of that debt was carried over from Bush's mic drop.

 

You're kidding right

 

You do have to remember, don't you?

Ted Cruz thought it was a smart idea to use the threat of the potential of a US default and a certain global depression, as a political hostage.

He was condemned all over the world for his little stunt.

Of course, you have to remember when Republicans talked about debt, because they haven't said a word about it lately.

Donald Trump never talks about it.

I can safely predict that none of your talk radio shouters, nor Fox News, nor any Republican (except maybe Rand Paul) will mention debt of deficits for the next four years.

It was so with George W Bush, when he actually doubled the national debt (even before he walked off the stage with the economy in freefall), or Ronald Reagan, who tripled the national debt.

 

Debt, realistically, has advantages and disadvantages. If you're running up the tab on long-term projects that build a strong economy, I dig it. But when you run up the tab by 10 trillion and nothing to show for it then I have issues.

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What jobs did Obama create?

 

So are you saying that people with jobs DON'T spend money? Or are you saying that people spending money doesn't create demand?

You can't possibly be saying that demand doesn't create growth could you?