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Re: Why do people think democrats are good for the economy?

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KeI_Thuzad is not online. KeI_Thuzad
Joined: 05 Feb 2014
Total Posts: 3800
11 Oct 2016 07:43 PM
Modern democrats historically are the worst for the economy, where did this myth come from?


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KeI_Thuzad is not online. KeI_Thuzad
Joined: 05 Feb 2014
Total Posts: 3800
11 Oct 2016 07:50 PM
b


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Hacted2 is not online. Hacted2
Joined: 09 Apr 2013
Total Posts: 178
11 Oct 2016 07:54 PM
Bill Clinton.
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KeI_Thuzad is not online. KeI_Thuzad
Joined: 05 Feb 2014
Total Posts: 3800
11 Oct 2016 07:57 PM
"Bill Clinton."

Ronald Reagan and Newt Gingrich were responsible for the 90s boom, not clinton.


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MrZelo is not online. MrZelo
Joined: 07 Jul 2008
Total Posts: 47891
11 Oct 2016 07:58 PM
Did you know that none of the parties are good for the economy? Fun fact.
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FalseProphets is not online. FalseProphets
Joined: 09 Jul 2010
Total Posts: 25199
11 Oct 2016 07:59 PM
but the american economy is the best its been with obama in office?

and he's a democrat?

???????

unemployment is at 4.9% as of june 2016 and mitt romney only promised to get it below 6%, this is better than what mitt promised

we've made thousands of jobs under obama like where are you getting the idea that a democrat is bad for the economy

look at the facts, look at the bureau of labor statistics on their website

bill clinton created 21 million jobs, obama created 9.3 million......... bush created only 5.7 million

like what are you talking about


⇝ otaku / clan veteran / frostarian / curry enthusiast - FalseProphets / Maddy
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xKiloGramx is not online. xKiloGramx
Joined: 03 Jun 2011
Total Posts: 383
11 Oct 2016 07:59 PM
#LegalizeMariJEWanna

#LowkeyLit
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Hacted2 is not online. Hacted2
Joined: 09 Apr 2013
Total Posts: 178
11 Oct 2016 08:00 PM
"Ronald Reagan and Newt Gingrich were responsible for the 90s boom, not clinton."

Ronald Reagan was in 1984, not 1994.

The order of the presidency was Reagen -- H.W Bush -- Clinton

The reason Clinton was elected instead of the incumbent H.W Bush was because H.W Bush had a terrible economy (that he inherited from Reagan, by the way) and Clinton restored it.

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Skydric is not online. Skydric
Joined: 20 May 2008
Total Posts: 8026
11 Oct 2016 08:00 PM
unemployment =/= income

we have created jobs by spending trillions of dollars in bailing out large corporations and oppressing the small business'
the US economy may have a higher GDP but the import/export via currency ratio is at its lowest
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KeI_Thuzad is not online. KeI_Thuzad
Joined: 05 Feb 2014
Total Posts: 3800
11 Oct 2016 08:03 PM
"but the american economy is the best its been with obama in office?

and he's a democrat?

???????

unemployment is at 4.9% as of june 2016 and mitt romney only promised to get it below 6%, this is better than what mitt promised

we've made thousands of jobs under obama like where are you getting the idea that a democrat is bad for the economy

look at the facts, look at the bureau of labor statistics on their website

bill clinton created 21 million jobs, obama created 9.3 million......... bush created only 5.7 million

like what are you talking about"

Obama was the president on the receiving end of the second worst recession in united states history, a rabbit could have been president and more jobs would have been created and the economy would have gotten better, it's how economics works. Also Obama changed the definition of what it means to be unemployed just to make his numbers look better. If you've been unemployed for longer than 12 months, you're no longer considered unemployed.

Bill Clinton prospered from one of the largest booms in american history created by Reagan, pretty simple. Also Bush is one of the worst presidents of all time, so great cherrypicking.


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Bubsv is not online. Bubsv
Joined: 05 Dec 2015
Total Posts: 1682
11 Oct 2016 08:03 PM
idk why do people on roblox think they can just pull whatever they want out of their butts and pretend it's an irrefutable fact without backing it up whatsoever



oh wait because it's the internet i remember now
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Hacted2 is not online. Hacted2
Joined: 09 Apr 2013
Total Posts: 178
11 Oct 2016 08:05 PM
"Bill Clinton prospered from one of the largest booms in american history created by Reagan, pretty simple. Also Bush is one of the worst presidents of all time, so great cherrypicking."

He didn't prosper from Reagan because the economic boom created by Reagan was ruined under Bush. He prospered from the policies he put into place after Bush ruined the economy and put it into recession. Like I said, Clinton didn't come after Reagan, he came after Bush.
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FalseProphets is not online. FalseProphets
Joined: 09 Jul 2010
Total Posts: 25199
11 Oct 2016 08:05 PM
im not going off of the numbers obama gave, he said he created 14 million. he didn't. he created a lil over 9 mil

i know he changed the definition but thats not what im using, im using the statistics off of the bureau of labor


⇝ otaku / clan veteran / frostarian / curry enthusiast - FalseProphets / Maddy
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KeI_Thuzad is not online. KeI_Thuzad
Joined: 05 Feb 2014
Total Posts: 3800
11 Oct 2016 08:05 PM
"Ronald Reagan was in 1984, not 1994.

The order of the presidency was Reagen -- H.W Bush -- Clinton

The reason Clinton was elected instead of the incumbent H.W Bush was because H.W Bush had a terrible economy (that he inherited from Reagan, by the way) and Clinton restored it. "

Implying that silicon valley investment is felt immediatly, in 1984, and not in the 90s. Here's a hint, there was a boom that had to do with tech and the internet in the 90s. Here's a better hint, a republican president in the 80s poured money into Silicon Valley and the tech industry. You can be a big boy and put those two together. Also, H.W bush literally didn't care about anything on american home soil at all, he was nearly 100% focused on foreign relations, but you already knew that.


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elijahiscool is not online. elijahiscool
Joined: 06 Jul 2009
Total Posts: 7715
11 Oct 2016 08:06 PM
get ready to have either an incompetent president or a corrupt one!
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Hacted2 is not online. Hacted2
Joined: 09 Apr 2013
Total Posts: 178
11 Oct 2016 08:08 PM
The 90s were when the actual impact of the tech industry were felt, and that was also due to policies Clinton put into place as well, not just what money Reagan put into Silicon Valley. Clinton and Gore were very dedicated to the tech industry and it resulted in a massive economic boom as well. That wasn't just due to Reagan.
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KeI_Thuzad is not online. KeI_Thuzad
Joined: 05 Feb 2014
Total Posts: 3800
11 Oct 2016 08:14 PM
"The 90s were when the actual impact of the tech industry were felt, and that was also due to policies Clinton put into place as well, not just what money Reagan put into Silicon Valley. Clinton and Gore were very dedicated to the tech industry and it resulted in a massive economic boom as well. That wasn't just due to Reagan. "

Since you're just sticking your head in the sand, I'll put some actual evidence from various articles here.

On August 15, 1981, less than seven months after being sworn in, President Reagan signed the Kemp-Roth bill into law. It was the cornerstone of what would become the most successful economic policy for new business venturing in U.S. history. The bill’s treatment of capital gains, a lowering of the top capital gains tax rate from 28 percent to 20 percent, made high risk investments even more attractive, causing a twofold increase in commitments to venture capital funds in 1981. Entrepreneurs then launched a boom that would last, except for a brief eight months following the Gulf War in 1991, until the end of the twentieth century. It was the longest period of economic expansion in the nation’s history. Between 1983 and 2003, the Dow Jones Industrial average provided an annual return of 11 percent. For comparison, between 1965 and 1983 its annual return was 1 percent.
According to the U.S. Department of Labor Non-Farm Employment Data, the American economy generated over 27 million new jobs between 1980 and 1995. Over 24 million of these new jobs were created by small- and medium-size entrepreneurs operating high-growth ventures. As Dr. Laffer predicted, even Washington, D.C., prospered well, with the U.S. Treasury revenues increasing 28 percent to more than $1 trillion in 1990.

There were two big economic events during the Clinton administration that had profound effects on the world economy. One was the emergence of the web as an important cultural and economic phenomenon, a blessing for which we may thank, among others, Tim Berners-Lee and Marc Andreessen (and a whole lot of taxpayers from around the world) and which the Clinton administration had effectively nothing to do with. The other, which seems to be largely forgotten in the English-speaking world, was the 1997 Asian financial crisis, which was a catastrophe but one that spurred important corporate and banking reforms (especially in the Republic of Korea) that helped lay the foundations for much of the prosperity of developed Asia today. That has profound effects on the U.S. economy, too, which are not mainly the result of policies pursued by the Clinton administration or any other administration.

And 1993 — the year of the giant Clinton tax hike — was not the turning point in the deficit wars, either. In fact, in 1995, two years after that tax hike, the budget baseline submitted by the president’s own Office of Management and Budget and the nonpartisan Congressional Budget Office predicted $200 billion deficits for as far as the eye could see. The figure shows the Clinton deficit baseline. What changed this bleak outlook?

Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single-minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

Now let us contrast this with the Clinton fiscal record. Recall that it was the Clinton White House that fought Republicans every inch of the way in balancing the budget in 1995. When Republicans proposed their own balanced-budget plan, the White House waged a shameless Mediscare campaign to torpedo the plan — a campaign that the Washington Post slammed as “pure demagoguery.” It was Bill Clinton who, during the big budget fight in 1995, had to submit not one, not two, but five budgets until he begrudgingly matched the GOP’s balanced-budget plan. In fact, during the height of the budget wars in the summer of 1995, the Clinton administration admitted that “balancing the budget is not one of our top priorities.”

And lest we forget, it was Bill Clinton and his wife who tried to engineer a federal takeover of the health care system — a plan that would have sent the government’s finances into the stratosphere. Tom Delay was right: for ###n#######take credit for the balanced budget is like Chicago Cubs pitcher Steve Trac########ing credit for delivering the pitch to Mark####u#######t he hit out of the park for his ###d home run.

The figure shows that the actual cumulative budget deficit from 1994 to 1998 was almost $600 billion below the Clintonomics baseline. Part of the explanation for the balanced budget is that Republicans in Congress had the common sense to reject the most reckless features of Clintonomics. Just this year, Bill Clinton’s budget proposed more than $100 billion in new social spending — proposals that were mostly tossed overboard.


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entrant is not online. entrant
Joined: 13 Sep 2012
Total Posts: 5111
11 Oct 2016 08:15 PM
Obamacare was a lie.
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Hacted2 is not online. Hacted2
Joined: 09 Apr 2013
Total Posts: 178
11 Oct 2016 08:25 PM
Actually looking at what you said, perhaps you're somewhat right. Clinton and Gore were still dedicated to the technology field and also Clinton still made significant strides to eliminating the deficit, though obviously (and this is true with every President) the success wasn't entirely because of his policies.

"Clinton-Gore Deficit Reduction Plan Enacted
Passed without a single Republican vote, the Clinton-Gore Administration's economic plan established fiscal discipline by slashing the deficit in half — the largest deficit reduction plan in history — while making important investments in our economic future, including education, health care, and science and technology research. This legislation also extended the life of the Medicare Trust Fund by three years. Fiscal discipline established by the Clinton-Gore Administration has turned the largest deficits in our country's history into the largest surplus. (PL 103-66, signed 8/10/93)"

"President Clinton and Vice President Gore achieved the first major overhaul of the telecommunications laws in 60 years. Reforms of the 1934 Telecommunications Act opened up competition between local telephone companies, long distance providers and cable companies; and required the use of new V-chip technology to enable families to exercise greater control over the television programming that comes into their homes. The Act also contained the Vice President's E-Rate proposal, which provides low-cost Internet connections for schools, libraries, rural health clinics and hospitals. (PL 104-104, signed 2/8/96)"

"Landmark Education Investments: America Reads, Charter Schools, Education Technology
The President succeeded in doubling investments in education technology, increasing charter school funding, expanding Head Start to reach more than 800,000 children, and increasing the maximum Pell Grant by 63 percent, to the largest maximum award ever. The Budget also provided $300 million for the President's America Reads Challenge. Together, these programs are the most significant increase in education funding at the national level in 30 years. (PL 105-34, signed 8/5/97"

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