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The economy

Discussion in 'BBS Hangout: Debate & Discussion' started by NewRoxFan, Aug 18, 2019.

  1. Phillyrocket

    Phillyrocket Member

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    If I was Supreme Dictator for a day my first law would be for public figures who spout false information be required to publicly retract it and apologize.
     
    London'sBurning, Andre0087 and B-Bob like this.
  2. NewRoxFan

    NewRoxFan Contributing Member

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  3. NewRoxFan

    NewRoxFan Contributing Member

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    republican congressman...

     
  4. AleksandarN

    AleksandarN Member

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    More for the arts. Lol He is really putting it to Moscow Mitch.
     
  5. Buck Turgidson

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    Part of this is true, there is always unemployment. 6.7% is not normal.

    Prove it. What's the trend over the past 30 years?
     
  6. NewRoxFan

    NewRoxFan Contributing Member

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    The republican House lie, er spin...

     
  7. rocketsjudoka

    rocketsjudoka Contributing Member
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    It's just sad but again no longer surprising that there is all this outrage over this bill from people at a time when expanded unemployment is going to run out the day after Christmas. Many are still out of work.

    I understand there is a lot to criticize about this bill but it took months to work this out and putting this wrench into it now just means it will take much longer to get aid to those who need it.
     
    dmoneybangbang likes this.
  8. rocketsjudoka

    rocketsjudoka Contributing Member
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    I don't know how much this has been brought up but one of the consequences of not signing the Omnibus spending bill is that the government is only funded until Monday and there could be a government shutdown then if nothing is done.
     
    dmoneybangbang likes this.
  9. NewRoxFan

    NewRoxFan Contributing Member

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  10. NewRoxFan

    NewRoxFan Contributing Member

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    republicans could not look any worse at this point...

     
  11. NewRoxFan

    NewRoxFan Contributing Member

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    marie antrumpiette says to people facing hardships... "let them play golf"...

     
  12. Invisible Fan

    Invisible Fan Contributing Member

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    The Grinch is Orange this year.

    Own dem Libs gud Donnie boy!! I sent muh paychecks to Proud Boys in yer name!!
     
  13. NewRoxFan

    NewRoxFan Contributing Member

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    more excuses from republican congressman roy blunt. trump has really painted house republicans into a corner...

     
  14. pgabriel

    pgabriel Educated Negro

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  15. adoo

    adoo Member

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    the less-than-informed PGab is all confused, all mixed up.

    the period from 1848 to Sep 2020 spans many business cycles and presidencies

    let's just focus on Trump and his predecessor since 2009
    • over this recent 12-yr period, the unemployment has been trending down to the low 5/hi 4%
    Trump inherited a sound economy, a growing GDP and low 5% unemployment
    • like everything else he inherited, the trust fund baby F***** it up
      • the economy is stalling and unemployment has increased by 24-30%
        • an ABNORMALLY HUGE increase from low 5% to 6.7%
    fwiw

    From Jan 1948 to Sept 2020, no POTUS (other than inept Trump) has seen
    the unemployment rate increased by 25-30% during his tenure​
     
    #1435 adoo, Dec 24, 2020
    Last edited: Dec 24, 2020
    dmoneybangbang and No Worries like this.
  16. pgabriel

    pgabriel Educated Negro

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    Its not 1848, its 1948. We all know covid increased the unemployment rate. Dont know why you're rehashing that. The rate Trump inherited was unusually low and some economists would argue too low as there needs to be some unemployment flexibility for economic expansion

    Thats no justification for the increase just mpre support the 6.7 isn't abnormal and doesn't require stimulus
     
  17. adoo

    adoo Member

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    pgab is glutton for punishment, continues to publicize his ignorance
     
  18. adoo

    adoo Member

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    you intentionally ignore the billion $ elephant in the room,

    Trump's incompetence has increased the unemployment rate​
     
  19. pgabriel

    pgabriel Educated Negro

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    That doesn't justify overspending to fix a rate that isn't that that bad. The rate was 14% when the first stimulus was passed
     
  20. pgabriel

    pgabriel Educated Negro

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    How soon we forget. When the first stimulus was passed everything was closed. Only essential retailers were open.

    We definitely could see a closure of businesses again as we are experiencing worse rates of infection than the rates in the spring but until then stimulus isn't justified
     

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