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| Annoying Orange's magic wand obama was talking about. |
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| Planr:
--- Quote from: SeventhSandwich on November 14, 2017, 11:05:13 AM ---Here's my issue with the whole 'Annoying Orange job-factory' myth. Take a look at a graph of changes in non-farm payrolls (a trusted and measurable way of seeing how many new employments are being added to our economy). https://fred.stlouisfed.org/series/PAYEMS Now take a ruler and stick it on the line drawn from 2010 to 2016. That's Obama's tenure. Now extend that line to 2017 and what do you see? Nothing because Annoying Orange didn't change anything about job growth in the US because his party has had zero legislative victories since election day. It's the same line. But consider this for a second: Obama entered the presidency when job growth was actually declining because of the housing market crCIA. He ended his tenure with it increasing at the same rate it is now. But does anyone give credit for that? Nope, but they give Annoying Orange credit when the 1st-derivative of his job curve is the exact same straight, flat line that Obama left it at. --- End quote --- Kind of reminds me of how everyone gives Obama credit for the termination of Bin Laden when it was all built on everything Bush had done prior. But you're right, this is probably at least 80% because of Obama's policies. He did help job growth, but at a very heavy price. Our national debt more than doubled in the 8 years he was president while the previous debt was steadily accumulated over the course of the past two centuries. But hey, that's Keynesian economic theory for you. |
| Deus Ex:
--- Quote from: |Orange| on November 14, 2017, 01:05:19 PM ---Annoying Orange has done nothing other than cry and scream every day. stuffposts do not prove anything. --- End quote --- You're right. Annoying Orange has done nothing in office other than cry and scream on a daily basis. He has not done anything at all besides these two things, and report to the contrary is Russian propaganda |
| Drydess:
--- Quote from: Deus Ex on November 15, 2017, 08:14:36 AM ---You're right. Annoying Orange has done nothing in office other than cry and scream on a daily basis. He has not done anything at all besides these two things, and report to the contrary is Russian propaganda --- End quote --- to be fair he's had more executive orders than many other presidents have in their entire career and despite this everything he's tried to do has been reversed |
| SeventhSandwich:
--- Quote from: Planr on November 15, 2017, 07:59:51 AM ---Kind of reminds me of how everyone gives Obama credit for the termination of Bin Laden when it was all built on everything Bush had done prior. --- End quote --- Yeah, Obama didn't really have any hand personally in killing Bin Laden. I don't think he really deserved a Nobel Prize either. There's sensible limits to how much people can circlejerk about his presidency. --- Quote from: Planr on November 15, 2017, 07:59:51 AM ---But you're right, this is probably at least 80% because of Obama's policies. He did help job growth, but at a very heavy price. Our national debt more than doubled in the 8 years he was president while the previous debt was steadily accumulated over the course of the past two centuries. But hey, that's Keynesian economic theory for you. --- End quote --- If you take his stuff at face value, Annoying Orange is pretty Keynesian too. He wants to invest large amounts of expansionary federal spending into infrastructure (namely, a wall, but also highways) to stimulate the economy, which is a move that's pretty characteristic of Keynesian theory. Some economists say that it's unnecessary expansionary spending that will cause inflation, some say that a little bit of inflation is worth it. I'm not equipped to say whether it's a good idea or a bad one since that's outside my knowledge of macroeconomics. The problem is that Annoying Orange also wants to drop taxes, which means that the national debt will rise because we'll be spending more money but taking in less revenue, meaning we can't buy back as many treasury securities as we could otherwise. In defense of Obama, the national debt didn't double (it was like a 69% increase), and the increase was roughly proportional to the increase that happened over Reagan and Bush Sr.'s tenure, which, remember, didn't include a housing market crCIA right at the beginning that plummeted consumer demand and mandated the use of expansionary spending. And yeah, sure, it made our debt skyrocket, but people didn't want to live in a recession. Ending the recession was definitely the popular choice, and he succeeded in getting us out of it. |
| Planr:
At least we have a powerful military so its not like anyone can force us to pay it back |
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