I’m surprised you can type with your head that far up your ass…Russians are better ?
I’m surprised you can type with your head that far up your ass…Russians are better ?
Because we have social programs doesn't make us socialist.Silly right-wing memes....always trying to hype of the supposed threat of socialism. As a Canadian, we are semi socialist. Universal healthcare and other social safety nets are what makes this country great.
I think the Dems are looking to make the US like Nordic countries. Workers have rights, healthcare and other protections that the capitalist system doesn't want (since it allows the exploitation of the workers).
Unfortunately, the GOP is embracing serious right-wing ideology. They are much closer to being fascists than the Dems are being commies. Look how they are actively working to rig the electoral system to ensure they will win majorities at the state level, regardless of the growing number of Dem voters.
Correction it wasn't Trump who handed Biden the economy it was the global pandemic and the blue state Governors that forced lockdowns forever.It is delusional not to take into account the magnitude of the economy that the Republican Bush left Obama. That was the biggest recession since the great depression. Obama turned it around and presented Trump with a growing economy.
Now that Trump hands Biden an economy with a high jobless rate and low GDP, when it grows under Biden, you guys are desperately trying to make excuses for it being far better than under Trump.. But You had no problems giving Trump all the credit for a growing economy that was handed to him on a plate!!
How is that "socialism"?Because we have social programs doesn't make us socialist.
What makes us socialist in Canada are things like Bill C-10, attempting to achieve gender equality through quotas, our pandering to Muslim groups, controlling the economy through a green energy agenda etc...
How did the "forced vaccine mandates" delay economic growth?.... Surely all that had to happen was that the employees got vaxxed - the way they damn well should for everyone's safety.Correction it wasn't Trump who handed Biden the economy it was the global pandemic and the blue state Governors that forced lockdowns forever.
Imagine the growth were Biden to not have killed Keystone pipeline, forced vaccine mandates on governments and private businesses with over 100 employees or enforced the laws at the southern border.
It WAS Trump who handed Biden the economy that had numerous Americans out of work due to the Pandemic. It was just NOT the Blue States but also the Red States that was suffering with high unemployment rates and a struggling business sector.Correction it wasn't Trump who handed Biden the economy it was the global pandemic and the blue state Governors that forced lockdowns forever.
Imagine the growth were Biden to not have killed Keystone pipeline, forced vaccine mandates on governments and private businesses with over 100 employees or enforced the laws at the southern border.
Well under the Bush Administration there were incentives given to Citizens irrespective of their abilities to repay the loans. Some did not even have the jobs to pay their mortgages and all they did in the end was to hand it to the Bank to repossess it:I believe I said the Fed was the big instigator in the 2000s real estate bubble with easy money. I think that corresponds fairly well with what this study states. The Democrats and Republicans both did not do enough to rein in the speculation, but in a free market economy with a autonomous Fed there isn't much that politicians could have done to prevent a bubble/crash scenario.
In fact, I have consistently said that most economic results good or bad are usually incidental to an Administration's term. For example, currently high gas prices do not have much to do with any Biden policy.
The U.S. printed and spent money to get out of the 2009 recession. Just like so many other economic recoveries. What exact novel policy did Obama enact that helped get the U.S. recovery going?
Again, I'm not disparaging Trudeau. I'm just showing the happenstance in the Canadian economy that has nothing to with incidental political policies. If you don't show a graph limited to just 2015-2019, you get a broader picture. The 2015 economic dip in Canada is almost universally attributed to the crash in oil prices. If we shouldn't blame Biden for high oil prices, we certainly shouldn't blame Harper for low oil prices. We all know the 2020-2021 decline is attributed to the external shock of COVID.
This chart that includes 2014 and 2020 shows very mixed results for Canadian GDP. Again, I do not blame Trudeau. Beyond inaccurately paraphrasing, you will have to find another way to attack my point.
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Wow stupid is as stupid says lolI’m surprised you can type with your head that far up your ass…
You don't have to.imagone because this growth has been realized under savior BidenCorrection it wasn't Trump who handed Biden the economy it was the global pandemic and the blue state Governors that forced lockdowns forever.
Imagine the growth were Biden to not have killed Keystone pipeline, forced vaccine mandates on governments and private businesses with over 100 employees or enforced the laws at the southern border.
You call that a war. You must be a millennial.The Civil/Domestic war between the Reds and Blues...on January 6.
ah so-cratesWell said, and in the same vein, Socrates also said "When the debate is lost, slander becomes the tool of the loser."
Wait, what was wrong with the Wharton study that you first posted that essentially blamed the Fed and easy money for creating the bubble? You simply went to a liberal media outlet to cancel out your previous post. Anyways, U.S. residents can't open the NY Times articles without a subscription.Well under the Bush Administration there were incentives given to Citizens irrespective of their abilities to repay the loans. Some did not even have the jobs to pay their mortgages and all they did in the end was to hand it to the Bank to repossess it:
White House Philosophy Stoked Mortgage Bonfire (Published 2008)
President Bush, who vowed to spread the dream of homeownership, is leaving office amid a downturn rooted in the housing sector he so ardently championed.www.nytimes.com
I actually do mention that Biden is not responsible for today's high oil prices. In fact contrary to the Republican factoid that Obama was bad for U.S. domestic oil production, it increased under Obama on almost a linear trajectory with a slight blip in 2015 when prices crashed. That same linear trajectory continued under Trump. I suspect high oil prices this year will lead to strong domestic production numbers.You should really mention the oil price hikes or huge drops to those on usual right wingers who constantly blame the Governments for it. Look at this thread and see the manner in which they are blasting Biden for the huge rises in prices at the pumps.
While Obamacare was an accomplishment in increasing accessibility to healthcare and furthering discussions about the U.S. healthcare system, it did not have an impact on overall economic growth. Infrastructure spending is kind of a yawn when considering it some new, innovative approach to fighting recessions. Also, the U.S. has a long history of government bailouts under both Republican and Democratic administrations from banks, to auto manufacturers, airlines and railroads. I believe Citibank has been bailed out either publicly or quietly at least three or four times since the 1930s. Republicans and Democrats tend to only disagree on the exact nature of the bailout and the ensuing restructuring.Obama did spend on infrastructure, affordable healthcare and bailed out the auto sectors that helped to save sectors of the industries that were in a dire situation. Trump even blasted Obama for bailing out the auto sector. However, it is a thriving industry. The fact is that the economy recovered under his watch and it needed two terms to achieve it due to the dire situation that he inherited.
I'm sorry, but that is not an insightful economic point. You are cherry-picking information when it fits your viewpoint and ignoring when it does not. I have been trying to give you an olive branch by presenting information that can be described as nonpartisan. Your religious zeal in defending your political heroes is admirable, but politicians are mostly not heroes in growing the economy.Once again I showed you the Official Gross Domestic Product Figures and it was higher under Trudeau prior to the Pandemic and it definitely indicated an overall growth in the Gross GDP. Even if you look at your chart in 2015 with that dramatic drop from 2014, and compare it to the 2020, it is obvious that there was an expansion in the GDP.
^^^^^^Explain then why trump is worse then Biden without making it personal and not some ahh orange man is bad chackra or colour none sense or snake oil trolling. Explain then how trump is worse then Biden with objective facts.
Are you capable of this? Or are you just looking to throw insults because Biden is finally exposed and his approval rating is really bad?
LOL, Holy fuck, seriously? Socialism is an economic doctrine that has to do with the state controlling the means of production.Because we have social programs doesn't make us socialist.
What makes us socialist in Canada are things like Bill C-10, attempting to achieve gender equality through quotas, our pandering to Muslim groups, controlling the economy through a green energy agenda etc...
Clearly the Wharton Study posted the following:Wait, what was wrong with the Wharton study that you first posted that essentially blamed the Fed and easy money for creating the bubble? You simply went to a liberal media outlet to cancel out your previous post. Anyways, U.S. residents can't open the NY Times articles without a subscription.
There were signs and warnings of the above occurrence and really if the Government in charge at that time did very little to address it, then that is what caused the bubble to burst. Well the NY Times explains it all, and it has nothing to do with being part of the "Liberal Media"!!According to Wachter, a primary mistake that fueled the housing bubble was the rush to lend money to homebuyers without regard for their ability to repay. As the mortgage finance market expanded, it attracted droves of new players with money to lend. “We had a trillion dollars more coming into the mortgage market in 2004, 2005 and 2006,” Wachter said. “That’s $3 trillion dollars going into mortgages that did not exist before — non-traditional mortgages, so-called NINJA mortgages (no income, no job, no assets). These were [offered] by new players, and they were funded by private-label mortgage-backed securities — a very small, niche part of the market that expanded to more than 50% of the market at the peak in 2006.”
Well that is what I have been saying all along that oil prices including demand and supply have nothing to do with the Biden regime. The demand was proportional to the shutting and reopening of the economies and businesses during the Pandemic. But the price fixing and supply is all to do with OPEC. What is hilarious is that the likes of Kdouglas blaming Biden for limiting the Oil Production when he cancelled the Keystone Excel Pipeline Project. The actual fact is that the pipeline was under construction and had not even supplied 1 mL of oil.I actually do mention that Biden is not responsible for today's high oil prices. In fact contrary to the Republican factoid that Obama was bad for U.S. domestic oil production, it increased under Obama on almost a linear trajectory with a slight blip in 2015 when prices crashed. That same linear trajectory continued under Trump. I suspect high oil prices this year will lead to strong domestic production numbers.
At least you do give Obama credit for the Affordable Healthcare. But remember that investment in Healthcare has meant more jobs within that sector. It does mean that it benefits the economy. However, the bailouts of Banks and Auto Industries was significant to bring the economy back to it's feet from a low point during the huge recession!!.While Obamacare was an accomplishment in increasing accessibility to healthcare and furthering discussions about the U.S. healthcare system, it did not have an impact on overall economic growth. Infrastructure spending is kind of a yawn when considering it some new, innovative approach to fighting recessions. Also, the U.S. has a long history of government bailouts under both Republican and Democratic administrations from banks, to auto manufacturers, airlines and railroads. I believe Citibank has been bailed out either publicly or quietly at least three or four times since the 1930s. Republicans and Democrats tend to only disagree on the exact nature of the bailout and the ensuing restructuring.
I think that you are the one cherry picking by disputing only those on the "left's POV". Especially as you are contradicting everything that comes from the conservative point of view, but giving them a free pass. I agreed with you about the Oil prices and that the responsibility cannot be part of the Government with regards to the pricing and supply. In my earlier post it was crystal clear that Biden was trying to hit back at the oil prices, by releasing the Government's stock. Something that was slammed by those on the right, especially when Trump did exactly the same thing and he was also critical of Biden's decision. That was also really hypocritical on his part!!Who was the first to say Too Big to Fail? Per an article published by the Cambridge University Press:
Usage of the term is often associated with a quote by Congressman Stewart McKinney, who during hearings into the bailout of Continental Illinois said, 'We have a new kind of bank. It is called too big to fail' .
I'm sorry, but that is not an insightful economic point. You are cherry-picking information when it fits your viewpoint and ignoring when it does not. I have been trying to give you an olive branch by presenting information that can be described as nonpartisan. Your religious zeal in defending your political heroes is admirable, but politicians are mostly not heroes in growing the economy.
What you have to bear in mind is that there were more jobs created under Trudeau is a single month in 2019 compared to a whole year under Harper. Not sure where you get your business investment figures other than that of a conservative press. Alberta has seen a booming economy due to it's oil demand over decades. Unlike other Oil Producing nations they failed to invest into refineries that could have benefited them in this day and age. They depend on transporting their bitumen crude oil to be refined in the USA. The Trans Canada Pipeline has no chance of redeeming their supplies as Quebec has no desire of approving the transportation out East to the refineries!!Okay for argument's sake, let's ignore the 2015 oil prices crash affect on the Canadian economy. Business investment under Trudeau has been lower relative to recent history including the Harper years. Trust me that is not a good sign of economic health. Much of that decline can be attributed to the Alberta oil patch. But wait, we are ignoring low oil prices. Lower business investment must be Trudeau's fault. Under your methodology, we cannot accept factors beyond his policies.
Additionally using your own understanding of politicians' influence on economic metrics, Trump had a better economic performance than Trudeau including 2020. On this basis, Trump must be a better steward of the economy than Trudeau. That's really the problem with clinging to some fervent idea that politicians significantly move the short-term economy. I can cherry-pick information using a similar methodology as yours to support my politics.
I think the great irony about all of this is that Biden inherited a shitty situation considering the mess Trump and the GOP left him. He had to set up a vaccine distribution system that the red states sort of ignored and get the economy humming. Well, the reality is, he has accomplished this. The most recent jobs numbers is sort of funny because in Trump's term, he only had a number that high four times. And he and the media celebrated it like it was total employment. Biden has also faced significant headwinds in his agenda, mostly through GOP obstruction (though Manchin and Sinema haven't helped).