Capitalism, The Fed and Economic Policy

Halifax2TheMax said:

Dow up 235 points today.

nicknyr15 said:

tempo_n_groove said:

Halifax2TheMax said:

Dow up 235 points today.

500 down yesterday.  Look for a rally today though.

I was waiting for him to update us on the market yesterday but it never happened. 

CM189191 said:

mrussel1 said:

CM189191 said:

tempo_n_groove said:

I thought we all agreed that the president has little to no results of an economy?

Absolutely do not agree.  

• Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents.
• This applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
• The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. 
• Budget deficits relative to the size of the economy were lower on average for Democratic presidents.
• Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
  

I generally believe that presidents have little to do with economic performance since we went to an independent Fed.  I know the stats you are quoting, but I think this is generally bad luck for the GOP.  For example, Trump's recession in 2020 was caused by the pandemic.  There was no policy that caused that.  Same with the recession that started in 2008.  I cannot point to any particular policy during the Bush era that would have had a direct cause of that one.  It was years in the making and driven by economic conditions and policy through the Clinton and Bush years.  

If republicans are so unlucky we should probably stop electing them

CM189191 said:

tempo_n_groove said:

CM189191 said:

tempo_n_groove said:

I thought we all agreed that the president has little to no results of an economy?

Absolutely do not agree.  

• Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents.
• This applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
• The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. 
• Budget deficits relative to the size of the economy were lower on average for Democratic presidents.
• Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
  

So explain how the president effects the economy? I mean the democratic policies of owning homes is what doomed us in 09.  That wasn't the presidents doing under Bush but what the dems brought forth.
Bush got the blame from dems and Obama got the blame from repubs.

So explain the difference between affect and effect

tempo_n_groove said:

mrussel1 said:

CM189191 said:

tempo_n_groove said:

I thought we all agreed that the president has little to no results of an economy?

Absolutely do not agree.  

• Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents.
• This applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
• The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. 
• Budget deficits relative to the size of the economy were lower on average for Democratic presidents.
• Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
  

I generally believe that presidents have little to do with economic performance since we went to an independent Fed.  I know the stats you are quoting, but I think this is generally bad luck for the GOP.  For example, Trump's recession in 2020 was caused by the pandemic.  There was no policy that caused that.  Same with the recession that started in 2008.  I cannot point to any particular policy during the Bush era that would have had a direct cause of that one.  It was years in the making and driven by economic conditions and policy through the Clinton and Bush years.  

2008 was housing and a democratic bill.  I would say that was the leading factor.

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

mrussel1 said:

CM189191 said:

tempo_n_groove said:

I thought we all agreed that the president has little to no results of an economy?

Absolutely do not agree.  

• Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents.
• This applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
• The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. 
• Budget deficits relative to the size of the economy were lower on average for Democratic presidents.
• Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
  

I generally believe that presidents have little to do with economic performance since we went to an independent Fed.  I know the stats you are quoting, but I think this is generally bad luck for the GOP.  For example, Trump's recession in 2020 was caused by the pandemic.  There was no policy that caused that.  Same with the recession that started in 2008.  I cannot point to any particular policy during the Bush era that would have had a direct cause of that one.  It was years in the making and driven by economic conditions and policy through the Clinton and Bush years.  

2008 was housing and a democratic bill.  I would say that was the leading factor.

It was the shrub administration’s lax oversight of the savings and loan and corporate banking industries bundling subprime loans as investment products on Wall Street. The housing market crashed in 2009 and Obama didn’t take office until1/20/09. This is why ‘Murica has gone to shit, shit for memories of what happened when, who was responsible and why. Shrub’s brother was responsible for a collapsed bank for crying out load. But dems and Obama, right?

Actually it started with Clinton if you remember. That was where the bill originated from but yeah, Obama.  That's why i didn't mention him...

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

mrussel1 said:

CM189191 said:

tempo_n_groove said:

I thought we all agreed that the president has little to no results of an economy?

Absolutely do not agree.  

• Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents.
• This applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
• The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. 
• Budget deficits relative to the size of the economy were lower on average for Democratic presidents.
• Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
  

I generally believe that presidents have little to do with economic performance since we went to an independent Fed.  I know the stats you are quoting, but I think this is generally bad luck for the GOP.  For example, Trump's recession in 2020 was caused by the pandemic.  There was no policy that caused that.  Same with the recession that started in 2008.  I cannot point to any particular policy during the Bush era that would have had a direct cause of that one.  It was years in the making and driven by economic conditions and policy through the Clinton and Bush years.  

2008 was housing and a democratic bill.  I would say that was the leading factor.

It was the shrub administration’s lax oversight of the savings and loan and corporate banking industries bundling subprime loans as investment products on Wall Street. The housing market crashed in 2009 and Obama didn’t take office until1/20/09. This is why ‘Murica has gone to shit, shit for memories of what happened when, who was responsible and why. Shrub’s brother was responsible for a collapsed bank for crying out load. But dems and Obama, right?

Actually it started with Clinton if you remember. That was where the bill originated from but yeah, Obama.  That's why i didn't mention him...

And the Shrub administration’s regulatory agencies looked the other way via deregulation of banking and energy sectors. Reference the specific Clinton bill that lead to the housing crisis, please?

Sure can! Community Reinvestment Act.