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There was no red wave

It looks like the Democrats did much better than expected. We can thank Sam Alito for the execrable Dobbs decision, and Donald Trump for pushing a bunch of terrible candidates.
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checkoutanytime · 41-45, M
Fetterman won, i have 0 respect for anyone that calls themselves a Democrat. Im not going to say it was a stolen election, but that the average voter is really stupid.
justanothername · 51-55, M
@checkoutanytime Do you consider yourself to be an average voter or an above average voter?
checkoutanytime · 41-45, M
@justanothername i dont vote bassed upon feelings. I vote after investigating who is going to represent freedom & prosperity. Im not convinced the avg voter does any research tbh.
@checkoutanytime Prosperity... You might be interested in the following data: From 1952 through June 2020, annualized real stock market returns under Democrats have been 10.6% compared with 4.8% for Republicans." https://www.forbes.com/sites/sergeiklebnikov/2020/07/23/historical-stock-market-returns-under-every-us-president/#51469926faaf


Seems if prosperity is your goal, you'd want a democrat in the White House!
checkoutanytime · 41-45, M
@ElwoodBlues the last 2 to hold the office have presided over the worst economic times of my career. 🚫
@checkoutanytime The numbers disagree with you. Obama did better than Trump in every major measurement - deficit, jobs, growth. And of course Clinton did the best in recent history - including balancing the budget!





JOB CREATION
Reagan 16.5 million
Clinton 18.6 million
Bush 5.8 million
Obama 8.9 million
Trump NEGATIVE 3 million

YEARLY DEFICIT
Reagan $79 billion to $152 billion
Clinton lowered our deficit from 255 billion to a $126 billion SURPLUS in 2001
Bush raised deficit from 0 to 1412 billion
Obama lowered deficit from 1412 billion to 585 billion
Trump raised from 585 billion up to ~4000 billion

DJIA
Jan 20 1981, Reagan takes office 946;
Jan 20 1989, Reagan leaves office 2235;
Up 136% or 11.3% growth per year.
Jan 20 1993, Clinton takes office 3242;
Jan 20 2001, Clinton leaves office 10588;
up 227%, or 15.92% growth per year.
Jan 20 2001, Bush takes office 10588;
Jan 20 2009, Bush leaves office 7949;
NEGATIVE 3.5% per year.
Jan 20 2009, Obama takes office 7949;
Jan 20 2017, Obama leaves office 19827;
up almost 150% over 8 years, or 12.1% per year (1.121^8=2.49).
Jan 20 2017, Trump takes office 19827;
Jan 20 2021, Trump leaves office 30,930;
up 56% over 4 years, or 11.76% growth per year.
checkoutanytime · 41-45, M
@ElwoodBlues do you remember 2008? Last time gas at the pump reached record hifhs, abd grocery bills skyrocketed? I do not call that prosperity. They squandered it on bailingout unions.
@checkoutanytime Yeah, I remember 2008. The Bush recession actually started in Dec 2007; lasted about two years. I remember Bush's $700 billion Troubled Asset Relief Program bailing out Wall St and huge banks.

And I remember the leadup to 2008, where Bush tried to finance TWO WARS with deficit spending.

And I remember republicans did everything they could to blame that recession on Obama, who didn't take office until Jan 2009. Did you fall for the fake blame game??
checkoutanytime · 41-45, M
@ElwoodBlues im no fan of Bush. It was definitely Obama that pushed us over the fiscal cliff, by bailingout Wallstreet & Detroit.
checkoutanytime · 41-45, M
@ElwoodBlues and now Biden is loosing Billions on Obamas college for everyone garbage.
@checkoutanytime DUUUDE!!! You got tricked!! the $700 billion Tarp program was ALL BUSH!! He signed it into law BEFORE losing the election to Obama. And, as a fiscal bill, the law said what the money must be spent on.

To prevent the situation from completely spiraling out of control, Treasury Secretary Henry Paulson pioneered the Troubled Asset Relief Program (TARP). It was signed into law by President George W. Bush on October 3, 2008, with the passage of the Emergency Economic Stabilization Act.
@checkoutanytime You are a deficit hawk with giant blind spots. Trump did about $4 trillion of deficit spending in 2020 alone. Trump's Paycheck Protection Program was originally loans to businesses, but hundreds of billions of dollars of loans were forgiven - basically a YUGE cash gift to business owners!

Yes, Biden is proposing forgiving billions in college loans for people who aren't doing well economically. But it's far less than the loans Trump forgave. You have selective memory or selective vision or something. You don't seem to have noticed the YUGE republican give-aways or you've blamed them on democrats.
checkoutanytime · 41-45, M
@ElwoodBlues the difference is R spending helps all. D spennding only goes to their pets in return for allegiance.
@checkoutanytime Nope. R spending buys campaign donations. D spending grows the economy. Lemme repost the numbers that started this discussion: "From 1952 through June 2020, annualized real stock market returns under Democrats have been 10.6% compared with 4.8% for Republicans." https://www.forbes.com/sites/sergeiklebnikov/2020/07/23/historical-stock-market-returns-under-every-us-president/#51469926faaf

If, as you claimed, R helped all, we wouldn't see such paltry growth under Rs.
checkoutanytime · 41-45, M
@ElwoodBlues thats the entire point keep things affordable, and things will operate as a well oiled machine. Well d trys to re envent the wheel, and the working class gets pushed aside for experimential polocies
@checkoutanytime A rising tide lifts all ships -- JFK
checkoutanytime · 41-45, M
@ElwoodBlues gas is back over $4 a gallon and opec+ wants to charge us more. Idk whos being lifted up under these selfish polocies but its not everyone by any stretch of the imagination.


401k have lost 30% just this year alone. I'm not buying the bagloney.
@checkoutanytime When a president orders nearly $4 trillion in deficit spending in a single year, don't you think pushing all those dollars into the economy has some continuing effects? Such as inflation??
checkoutanytime · 41-45, M
@ElwoodBlues of course. Again wasnt that covid relief, that was to benefit all, not a targeted group.
@checkoutanytime In theory it was covid relief. In practice it mostly flowed to business owners. And you'll notice that despite 22 million lost jobs, the stock market did surprisingly well throughout 2020. People with investments were well protected. Major market indexes recovered to pre-pandemic levels in 25 weeks. Jobs didn't. Workers didn't. The economy didn't. But Trump's moves really protected the investor class.