Comments by "" (@1987BillyBob) on "Sorry MAGA, it's a FACT: Economy does better under Dems" video.

You are correct. In recent history Obama and Biden have been terrible for the economy where Trump was great for the economy. Even at Pakman's point if you look at all of history of the US it is very complex. In the 50s and 60s the economy was strong, but that was because the rest of the world was rebuilding after the War where the US was not.
3
Cities have a lot of issues as well such as homelessness, poverty, crime, vandalism, etc. Some cities are worse than others. If you were to start to see the end of the world rural areas will be the areas that last the longest where cities will go first.
2
@doodledee3348 trailer parks exist in cities. Also, look at covid. Cities were freaking out, rural areas did not. Cities kept the lockdowns going, rural areas did not. So not a fantasy, we saw it first hand with covid. I remember living in the city during covid and people were freaking out, but when I traveled to a rural area things were normal.
2
@doodledee3348 also, your comment is a reason why so many voted for Trump. You talking down to people. I grew up in a rural area. I know live in one of the largest cities in the US. There are pros and cons to both. There are good and bad people in both. Remember that rural areas existed long before cities. You smug attitude shows how "liberal" you are......
2
A lot of the financial crisis was because of the democrats in congress. Democrats won congress in 2006 and their actions did help lead to the financial crisis. Under Obama the economy was stagnant, that is a big reason why people voted for Trump. And many are supporting Trump now because of the bad economy.
2
I can provide data, do you want me to?
2
@ctpaul1261 looking at current times from FRED stats from 2004 to 2016 homeownership rate dropped 6%, under Trump it grew 5%. Labor participation was dropping prior to Trump, under Trump it grew. Under Trump inflation was down along with interest rates. According to the Atlanta Federal Reserve wage growth was round 2% under Obama it was over 3% under Trump. According to the BLS since 2000 twice has union membership grew, it was in 2007 and in 2019. By FRED stats the deficit as a percent of GDP was around 4% under Trump. Under Biden it has been greater than 5% and under Obama's first 3 years it was over 5% and only dropped when republicans took over the house. The list goes on. But focusing on recent history the economy was strong under Trump and weak under Obama and Biden. If you look at the entire history of the US it is a bit more complex. For example, in the 50s and the 60s the economy was strong, but that was because the entire world was rebuilding after the war where the US was not. FDR turned a recession into a depression in which the war got us out of. I can keep going.
2
@Jcewazhere The housing crisis started in 2007, not 2004. Also, it proves my point the economy did not get better under Obama as homeownership rate was still dropping under Obama. And what republican policies? The housing crisis occurred when democrats took control of the congress and allowed all those mortgages to occur along with the federal reserve keeping interest rates low. As for Obama, his deficit was high because of his spending policy. He wanted another bail out but the republicans taking over the House stopped that. When republicans took over the house his deficit dropped. Remember, congress controls the purse. In 2019 the economy was great. I heard no talks of it being bad. It was so strong that the democrats had to shut it down in 2020 in order to beat Trump in the election. Obama's economy was stagnant at best. As for covid, how did Trump mismanaged it? He did all he could do. The democrats were the ones that kept pushing the lockdowns. That is why states ran by democrat governors that kept pushing the lockdowns reached their pre-covid employment numbers later. For example, Florida, a state the opened up early reached their pre-covid total nonfarm employment numbers by September of 2021. Michigan did not reach it until December of 2022. This is according to FRED stats. Other states Texas: November of 2021 Georgia: July 2021 (first state to open back up) California: April 2022 Minnesota (a state ran by Tim Walz): December of 2022 See a trend? Also for covid deaths, every nation reported covid deaths differently. You really can't compared. Syria had a death rate of 163 per million. Chad had a death rate of 11 per million. Are those nations whose model you want to copy anytime soon? You can blame me for cherry picking stats all you want, but at least I have stats. All you have are claims with nothing to back them up.
2
@doodledee3348 sigh.....the ol' cultist talk. If they were a cult why didn't they take the vaccine when he asked his supporters to? Meanwhile, you guys on the left are literally a cult. The leftist media call ivermectin horse paste (even though doctors prescribed it) and you believed it. You believed the liberal elites when they told you to take a shot of an unknown substance by some stranger in the parking lot though when they told you. The liberal elites told you the Biden as OK mentally, and you believe them. And when that can no longer be hidden they force him to step down and promote Harris, with no votes and you guys immediately support her without question. Or we can go back to all of covid how you guys just blindly, without question followed the covid protocols no matter how stupid they were. You guys are a literal cult. I try not to make fun of you guys as it is really sad, but I mean, you were taking vaccines that weren't tested but still taking covid tests and still wearing masks. All because the liberal elites told you to.
1
To start, saying "fact check" is a poor argument. You can give two experts the same set of facts and you can get two different but legit answers. That is especially true with the economy. Facts are near the bottom of blooms taxonomy. So you can say "fact check me" and I will say "sure, now let us go deeper and break down the facts" to which we end up writing entire dissertations worth of arguments that mostly lead to no clear answer.
1
Please stop with the whole "fact check". These issues are complex. You can give two experts the same set of facts and come up with two different but legit answers.
1
@WorldPolitica-gm9is to start, there is more to the economy than just those numbers. Take GDP for example. Zimbabwe currently has a 5 percent GDP growth, is that the economic model you want to follow? Or on inflation, what model are you using? CPI, PCE, GDP deflator? You take a look at the numbers and many times the experts disagree. What about other measures such as homeownership rate? I see that as a strong indicator of a strong economy. GDP growth can be high but if the people cannot afford a home what is the point?
1
@WorldPolitica-gm9is to add on inflation, there are many flaws. One is substitution bias. Substitution bias is that is the price of one item goes up consumers will tend to go to something else. For example, if the price of beef goes up people will start to buy chicken. Another problem is the quality of goods that is not factored in inflation. A car in the 1920s cost around $400. How much do cars cost now? Now factor in what new cars have to offer? They are safer, last longer, get better gas mileage, etc. Or take something like online shopping. Before if you wanted to buy something you will have to drive to store to store and take time looking for it. Now you can buy it online without leaving your home which saves time and money. Also, what I mentioned also makes GDP flawed. And other flaws to GDP is that it does not include income inequality, the sustainability of the nation's growth, impact on human health, etc. So yes, these issues are complex. GDP growth was high in the US in the 50s and 60s. Well, a big reason why is because the rest of the world was rebuilding after the War where the US was not. So the destruction of the world and millions of deaths led to the US having a strong economy.
1
I can use FRED stats to debunk David.
1
@KXZero who is price gouging? Take the price of eggs. Is it the grocery store, or the egg farmer, or the distributor, or the company that makes the egg crates? Who is it. Just looking at eggs alone I gave you 4 variables involved in the price of eggs. Now take that with all goods and services across the entire economy. It is complex. You can't just cry "price gouging" when you can't directly say who is doing it.
1
@KXZero they are not really involved in a lawsuit. I looked into it and there is a lot to it. It involves a merger with another company leading to less competition which happens in a very restrictive economy (such as price setting by the government). Even at that I don't shop are Kroger, I shop at HEB. There are many other grocery stores out there besides Kroger. If you do price setting local grocery stores like HEB, Hy Vee, Raleys, etc. would go under where stores like Kroger and Wal Mart will excel in which prices will be really high or the quality will be low. In short, price setting has never worked, period.
1
Yeah, it wasn't like the economy was shut down because of covid or something.
1
Are you really that stupid?
1
@Jcewazhere how was the economy falling apart before covid? It was strong. Union membership grew in 2019. Wage growth was up, homeownership rate was up. You have provided zero evidence that the economy was bad prior to covid. You keep talking about people saying a crash was coming when it did not happen. The economy was so strong in 2020 the democrats, after impeachment failed, had no other option but to shut it down in an effort to stop Trump's momentum. As for his "tax scam". He gave zero cuts to the rich. He gave tax cuts to the middle and lower class. He wanted them to be permanent but to have that with individual income taxes you need 60 votes in the senate. Every democrat senator voted against it. Why? And what deregulation? You are making claims with no evidence to back it up. " Again that's Bloomberg, Yahoo Finance, and Fox Business' own analyses." Do you have any articles talking about this? You say they were from September 2019. Funny how come March of 2020 there still wasn't any crash. Is this like a climate change thing where you guys keep making predictions and keep getting them wrong?
1
@ctpaul1261 that is the issue, you are talking about decades when there are many factors involved. We need to look at recent history where under Obama and Biden the economy was garbage. If you look at decades you can look at the 50s and 60s when the entire world was rebuilding after the war and the US was not putting us at an advantage. Or you can look at FDR time when he turned a recession into a depression and it was the war that got us out. But those times are gone. Looking at recent history under Obama and Biden the economy was garbage. It was strong under Clinton but that was because the republicans won Congress in 1994 putting a stop of Clinton's policies forcing him to take a more moderate approach.
1
It is a lot more complicated than that. If we look at recent history under Obama and Biden the economy sucked where under Trump the economy was great.
1
@ctpaul1261 you talk about looking back decades when there are several factors that are involve there. But looking recently, under Obama and Biden the economy has been garbage and under Trump the economy was great. You make the lame excuse of inflation being world-wide when many nations were not experiencing high inflation. And just because it is world wide does not mean the US should have high inflation. If Trump wins the economy will be great again. The only way it won't be is if the democrats pull another scam like they did in 2020 to shut down the economy. Also, Trump did not give tax cuts to the millionaires and billionaires. He gave tax cuts to the middle and lower class. With you not even getting basic facts correct shows how intelligent you are.
1
@ctpaul1261 government agencies have been completely inaccurate lately. The CDC admitted they got covid wrong. The FBI just updated their crime stats showing more crime. For the past two years the job reports overstated jobs. So it is fair to be skeptical of federal agencies. Besides, you can dig in the numbers and you will get many different answers far more complex than "economy good under democrats bad under republicans".
1
@Jcewazhere you bring up "greedflation", which is not even an economic term. There are several flaws there. To start, are you saying that all businesses conspire to all raise prices and not one decided to keep prices low in order to get more business? Next, This is happening under Biden. Why didn't it happen under Trump? But beyond all of that, there are so many moving parts to the economy. Who is being greedy? I recently bought a jar of pickles from the store, it was $4. Was it $4 because the store was pricing it at that high of a rate when they can sell it for less? Or was it because the company that produces the pickles are being greedy? Or is it the company that makes the jars? Or is it the company that distributes them? Just think of all the moving parts that goes into making a simple jar of pickles. Now expand that to all goods and services in the market. It is not as simple as "oh they are being greedy". As for how Biden caused inflation, well one, threatening people's jobs with the vaccine mandate did not help. Many people retired early or left certain jobs to avoid the vaccine. Next, having massive spending bills like the inflation reduction act and the infrastructure bill that produced nothing did not help. Investing government funds in a company like Proterra that went bankrupt is not good. Being a threat to the oil companies worldwide is not good. Being weak and allowing wars to start is not good. The list goes on. Another is allowing many immigrants in this nation. By the very simple economic factor of supply and demand that will lead to higher rent. When you have more people coming into the nation and don't have an increasing in living quarters rent will go up, period. Yes, under Clinton the economy was strong. That was because Clinton had actual leadership experience by being a governor in the past. Biden has never been in a leadership position, neither has Harris. Neither did Obama. Clinton knew how to work with the other side and worked well with Newt and the republican congress to progress our nation. Obama had no leadership experience and it showed with his constant division and refusal to work with the other side. You see it with Biden as well. The rest of what you said I already covered in another comment, but I will copy and paste it here for saving time and so others can see In 2019 the economy was great. I heard no talks of it being bad. It was so strong that the democrats had to shut it down in 2020 in order to beat Trump in the election. Obama's economy was stagnant at best. As for covid, how did Trump mismanaged it? He did all he could do. The democrats were the ones that kept pushing the lockdowns. That is why states ran by democrat governors that kept pushing the lockdowns reached their pre-covid employment numbers later. For example, Florida, a state the opened up early reached their pre-covid total nonfarm employment numbers by September of 2021. Michigan did not reach it until December of 2022. This is according to FRED stats. Other states Texas: November of 2021 Georgia: July 2021 (first state to open back up) California: April 2022 Minnesota (a state ran by Tim Walz): December of 2022 See a trend? Also for covid deaths, every nation reported covid deaths differently. You really can't compared. Syria had a death rate of 163 per million. Chad had a death rate of 11 per million. Are those nations whose model you want to copy anytime soon?
1
@Jcewazhere I can keep going.
1