Proof that liberal policies don't work...oh WAIT!!

Originally posted by: Boilerman

Kevin is correct that the acronym is now GDP. I often incorrectly say GNP, as that's what it was called while I got my Finance degree from Purdue.

 

I just pulled up 60 years of data on GDP.  Only two years did it decrease...Obama's first year and Biden's first year.

 

To prove me wrong Kevin only needs to provide the official data from the US government.   When I do so, Kevin claims that the federal data is wrong, or fake, or something.

 

I'm waiting.


I don't think I'll bother to point out your silly logical and factual errors this time. Feel free to say that that's because you're right. LOL.

 

Hint: The first year of both Biden's and Obama's presidencies followed several years of disastrous Republican rule. So who was responsible for GDP growth during those first years?

 

Before you reply, Boiler, recall how you jumped up and down and clapped and hooted when Trump enjoyed the aftermath of Obama's economic policies in 2017.

 

Idiot.

Apparently, Boilerman doesn't know the difference between a change and a RATE of change. So since I'm always trying to be helpful, here's the basic formula for the rate of change:

 

Rate of Change = change in y / change in x

 

Boilerman just explained that he is a Purdue graduate. That explains a lot.

Edited on Sep 7, 2023 5:46pm
Originally posted by: MisterPicture

Apparently, Boilerman doesn't know the difference between a change and a RATE of change. So since I'm always trying to be helpful, here's the basic formula for the rate of change:

 

Rate of Change = change in y / change in x

 

Boilerman just explained that he is a Purdue graduate. That explains a lot.


There is absolutely no way that he has a degree in finance, or in anything else, with his gross misunderstanding of so many basic concepts.

 

It's true, though, that he distorts his own thinking in order to reach the "conclusions" he wants, so he stupidifies himself on a regular basis. He may be smarter than he sounds (which, admittedly, wouldn't be hard).

Originally posted by: Kevin Lewis

GDP GROWTH, he said. There have been very few years overall when GDP itself shrank. He's right--the rate of GDP growth has decreased every time a Republican has taken over the Presidency from a Democrat.

 

But Ronny Raygun built a whole bunch o'cool bombs and stuff and scared them Rooskies into becoming peace-loving pussycats, which has, uh, worked out just fine...


You're wrong, too. The rate of GDP growth increased after Reagan took over from Carter. Look it up.


Originally posted by: Charles Higgins

You're wrong, too. The rate of GDP growth increased after Reagan took over from Carter. Look it up.


Correct.   And he did it by massively borrowing and spending a record amount of government money after running his campaign on cutting spending.    Rinse and repeat for every Republican president that came after him.

 

And guess what the common denominator is for all of the current Republican candidates for president..   Yep - cutting government spending.       Any takers on that crock of shit this time around?

Originally posted by: Charles Higgins

You're wrong, too. The rate of GDP growth increased after Reagan took over from Carter. Look it up.


The first year he was in office, the economy managed to stagger back upwards to about half the growth rate enjoyed during the Carter administration. Then it fell like a rock--1982 was the worst for the economy since the Great Depression. Ronny's "solution" was to incur massive gummint debt. The Reaganomics shibboleth was

that borrow borrow borrow was cool as long as it caused growth growth growth so that people and companies could pay taxes taxes taxes to finance the interest on that debt debt debt.

 

It's not even necessarily a terrible idea. But it sure goes against the professed RepubliQ orthodoxy now.

 

You're technically correct, though. The regular Republican death plunge the economy took didn't kick in until Ronny had been at the helm for a year.

The only two times in the past 60 years that GDP has happened under Obama and Biden.  Their economic policies suck.  It happens because the very corporations that many Liberals hate pull back from investing in their business'.

Edited on Sep 8, 2023 1:03pm
Originally posted by: Boilerman

The only two times in the past 60 years that GDP has happened under Obama and Biden.  Their economic policies suck.  It happens because the very corporations that many Liberals hate pull back from investing in their business'.


Then why did the economy boom during the last seven years of the Obama administration and the last 2 1/2 years of the Biden administration?

 

STOOOPID Boiler.

The topic was started by a Liberal.  The only two times in the past 60 years that GDP decreased happened first under Obama and then under Biden.  Changing the subject does not change the truth.

Originally posted by: Boilerman

The topic was started by a Liberal.  The only two times in the past 60 years that GDP decreased happened first under Obama and then under Biden.  Changing the subject does not change the truth.


The topic was change in GDP GROWTH, stupid.

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