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Who are the better economic stewards?

Discussion in 'Too Hot for Swamp Gas' started by pkaib01, Oct 29, 2024.

Which party has been the better steward of the economy?

  1. Democrats

    24 vote(s)
    77.4%
  2. Republicans

    5 vote(s)
    16.1%
  3. Tie

    1 vote(s)
    3.2%
  4. MAGA

    1 vote(s)
    3.2%
  1. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Oh, I know. I was being sarcastic about the 'luck' thing. Going back to Truman Ds have consistently had better numbers than Rs.
     
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  2. rtgator

    rtgator Premium Member

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    Biden doesn't get enough credit for our economic recovery coming out of the Covid pandemic.

    Screenshot_20240929_023328_Google.jpg

    And inflation was NOT his fault. Inflation was worldwide because, with broken supply lines, supply couldn't keep up with renewed demand. And many businesses took advantage and jacked up prices beyond their increased costs. Not his fault.
     
    Last edited: Oct 29, 2024
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  3. docspor

    docspor GC Hall of Fame

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    you lost the thread dude. mkt prices went up. took advantage?!!? Have you ever asked for a lower wage?
     
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  4. l_boy

    l_boy 5500

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    Biden takes some responsibility for the inflation due to the very large amount of fiscal stimulus, some of which was arguably not needed near the end. That may have been 2% extra at its peak. By the same token, that massive stimulus did launch the economy into a much stronger recovery than the rest of the world experienced.
     
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  5. rtgator

    rtgator Premium Member

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    I agree that Biden takes some responsibility, but inflation dropped faster in the U.S. than in the other G-7 countries. And, his low approval rating is mostly due to worldwide inflation, while he's gotten little credit for the strong economy and low unemployment.

    FB_IMG_1723901353427.jpg
     
    Last edited: Oct 29, 2024
  6. l_boy

    l_boy 5500

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    True. It’s been a long time since we had inflation and neo Keynesian leaning Democrats have forgotten about the political unpopularity of inflation. People hold you accountable for price gains, but think they earned the higher wage gains. I recently read that on average real wages are up something like 5% since 2019.

    Also the notion that inflation would have been lower under Trump post 2020 is silly. There was a lot of stimulus in 2020, and Trump has repeatedly beat on the fed for low rates.

    I agree with Doc spor your corporate greed reference (in substance if not in name) degrades your credibility.
     
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  7. rtgator

    rtgator Premium Member

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    Just sharing information. Never claimed to be an economist. Disagreement noted regarding greed.
     
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  8. 108

    108 Premium Member

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    Republicans cut taxes and raise spending, which juices the economy and inevitably leads to a recession, which then Democrats get voted in to fix.

    Slow and steady growth wins the race.
     
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  9. pkaib01

    pkaib01 GC Hall of Fame

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  10. obgator

    obgator GC Hall of Fame

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  11. rtgator

    rtgator Premium Member

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    FB_IMG_1730244956218.jpg
     
  12. rtgator

    rtgator Premium Member

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    20240926_125802.jpg