Conquer Club

pmac666 wrote:And as european i think its super crazy that this is even a question.

Before the pandemic in 2020, the economy under the former president experienced a jump in median household incomes as well as an all-time low poverty rate and unemployment rates at a 50-year low, according to a Trump White House press release. Pelosi on “Katy Tur Reports” asserted job losses under Trump were the worst out of all presidents, but Tur noted there was a worldwide pandemic during his presidency.

“And Joe Biden is doing that, created 9 million jobs in his term in office,” Pelosi said. “Donald Trump has the worst record of job loss of any president, so we just have to make sure people know.”

“That was a global pandemic,” Tur responded.

“He had the worst record of any president,” Pelosi said, raising her voice. “We’ve had other concerns in our country. If you want to be an apologist for Donald Trump, that may be your role, but it ain’t mine.”

“I don’t think that anybody can accuse me of that,” Tur retorted.

Biden has touted job gains during his presidency, but neglects to mention any effects of the pandemic, according to FactCheck.org.

Many jobs gained under the Biden administration have been government jobs.

Moreover, Trump’s economy appeared to be rebounding in the third quarter of 2020 as it was growing after a second-quarter contraction, according to the Conference Board.

The American economy is exhibiting signs of stagflation as growth slumps and prices continue to surge, experts told the Daily Caller News Foundation. U.S. annual economic growth was only 1.6% in the first quarter of 2024, after a report of continuing elevated inflation in March of 3.5% year-over-year.

Some economists have stated that Reagan's policies were an important part of bringing about the third longest peacetime economic expansion in U.S. history.[42][43] During the Reagan administration, real GDP growth averaged 3.5%, compared to 2.9% during the preceding eight years.[44] The annual average unemployment rate declined by 1.7 percentage points, from 7.2% in 1980 to 5.5% in 1988, after it had increased by 1.6 percentage points over the preceding eight years.[45][46] Nonfarm employment increased by 16.1 million during Reagan's presidency, compared to 15.4 million during the preceding eight years,[47] while manufacturing employment declined by 582,000 after rising 363,000 during the preceding eight years.[48] Reagan's administration is the only one not to have raised the minimum wage.[49] The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, in part because the Federal Reserve increased interest rates (prime rate peaking at 20.5% in August 1981[50]).[51][52] The latter contributed to a recession from July 1981 to November 1982 during which unemployment rose to 9.7% and GDP fell by 1.9%. Additionally, income growth slowed for middle- and lower-class (2.4% to 1.8%) and rose for the upper-class (2.2% to 4.83%).[53]

The misery index, defined as the inflation rate added to the unemployment rate, shrank from 19.33 when he began his administration to 9.72 when he left, the greatest improvement record for a President since Harry S. Truman left office.[54] In terms of American households, the percentage of total households making less than $10,000 a year (in real 2007 dollars) shrank from 8.8% in 1980 to 8.3% in 1988 while the percentage of households making over $75,000 went from 20.2% to 25.7% during that period, both signs of progress.[55]

But the Volcker Fed continued to press the fight against high inflation with a combination of higher interest rates and even slower reserve growth. The economy entered recession again in July 1981, and this proved to be more severe and protracted, lasting until November 1982. Unemployment peaked at nearly 11 percent, but inflation continued to move lower and by recession’s end, year-over-year inflation was back under 5 percent. In time, as the Fed’s commitment to low inflation gained credibility, unemployment retreated and the economy entered a period of sustained growth and stability. The Great Inflation was over.

bigtoughralf wrote:

pmac666 wrote:And as european i think its super crazy that this is even a question.

Jeez, the amount of time you spend ranting about Trump and you're not even in the US?

In foreign policy terms Biden and Trump are two sides of the same dice as Obama, Bush and all the others. Assclowns who just want to bomb brown people and aggravate China and Russia. It doesn't make any real difference which of them ends up in power.

The only thing Trump really did differently was call out European countries for relying on the US to defend them, which quite frankly you should be thanking him for given his comments seem to have actually woken some of them up to reality and encouraged them to get off their asses and fund a few more soldiers.

pmac666 wrote:You are pro Gaza i guess, right?
Then you should stay away from Tump as far as you can.

pmac666 wrote:You are pro Gaza i guess, right?
Then you should stay away from Tump as far as you can.

pmac666 wrote:I will vote for my dead aunt in Philadelphia.

mookiemcgee wrote:

pmac666 wrote:I will vote for my dead aunt in Philadelphia.

As a write in candidate? what happens if she wins?

bigtoughralf wrote:

pmac666 wrote:You are pro Gaza i guess, right?
Then you should stay away from Tump as far as you can.

Biden is selling Israel the bombs it's dropping on Gaza. They're just as bad as each other when it comes to Palestine.

pmac666 wrote:

bigtoughralf wrote:

pmac666 wrote:You are pro Gaza i guess, right?
Then you should stay away from Tump as far as you can.

Biden is selling Israel the bombs it's dropping on Gaza. They're just as bad as each other when it comes to Palestine.

Oh no, they arent.
Just dont complain when you wake up one day with Trump as president and Gaza as a parking lot.
And without Ukraine....

saxitoxin wrote:Aren't you from a country whose prime minister was literally Joseph Goebbels at one time?

bigtoughralf wrote:Is that the guy who locked his daughter in the basement?

saxitoxin wrote:

pmac666 wrote:

bigtoughralf wrote:

pmac666 wrote:You are pro Gaza i guess, right?
Then you should stay away from Tump as far as you can.

Biden is selling Israel the bombs it's dropping on Gaza. They're just as bad as each other when it comes to Palestine.

Oh no, they arent.
Just dont complain when you wake up one day with Trump as president and Gaza as a parking lot.
And without Ukraine....

Aren't you from a country whose prime minister was literally Joseph Goebbels at one time?