ChicagoBlue
Well-Known Member
- Joined
- 10 Jan 2009
- Messages
- 18,411
Nonsense. Obama was handed an economic depression. He was pilloried because social costs increased! Wonder why? Population increases and 700,000 jobs PER MONTH BEING LOST!The economy is designed to grow. Theresa May has a full term of economic growth. The UK has economic growth every year since 2009. It also had economic growth every year from 1992 to 2008.
Essentially using economic growth as a success/failure criteria for any political decisions is sort of dumb because it pretty much grows no matter what anybody does as the growth is self fulfilling.
This Forum is not the place, but there is economic growth and there is economic growth. America has lurched from economic growth created by Fed policies that have enabled slow and steady growth, while keeping inflation in check and not causing another boom and bust, to a hyperfueled growth spurt by giving away a $1.5T (conservative estimate, I expect it to be FAR larger!) welfare payment to the corporations and billionaire class.
In fact, just today, there were analysts on CNBC saying TODAY is the exact WORST TIME to put fuel on the economic fire that was already burning. Tax breaks are meant to goose the economy, so why do that today, when the economy was moving nicely, instead of doing what is needed today (infrastructure spending and reshaping the entitlement programs for the future) they are passing away the fuel we should be holding in reserve for the economic downturn that often comes from inflation. I spoke to this issue earlier, but, as I said, this place is usually not the place for such discussions...and definitely not this thread with some of the posters here.