Deficit Explodes Stock Market Plunges; Where's the Tea Party?

[Karfal]

It looks like the Dow leveled off and is on it's way back off, is the sky still falling?

Liberals dont understand stocks. With every rise there is a fall. Its natural. Unless your president Hussein Obama pumps millions into the economy. Printed that money.

[Belize]

Liberals dont understand stocks. With every rise there is a fall. Its natural. Unless your president Hussein Obama pumps millions into the economy. Printed that money.

Looks like printing money works, considering Hussein had a much bigger growth percentage than Trump.

Git gud at the economy, and maybe you won't lag behind with a margin of 10% growth. But what can we expect from someone with such small hands. He can't handle all of Obama's growth.

[Kujako]

It looks like the Dow leveled off and is on it's way back off, is the sky still falling?

Despite the peak today, the S&P 500 trend is still downward.

[Sky High]

Liberals dont understand stocks. With every rise there is a fall. Its natural. Unless your president Hussein Obama pumps millions into the economy. Printed that money.

and conservatives have no grasp of economics or history, thanks for the reminder. the fact you think boom/bust cycles are a necessary part of this shows how deluded you are, which is sad how common that delusion is.

[Heladys]

Tried, by cutting taxes and increasing deficit spending. Then backtracked, or again, his handlers did. And he lucked out that the oil embargo wasn't maintained during his presidency. Effectively won the lottery with that deficit reduction. And if shrinking the deficit as a % of GDP is your bar, then neither bush is your man. If you're just going to move goalposts for each one, there's no point in discussing this further.

You can't challenge Reaganite orthodoxy with mere facts.

[Varvara Spiros Gelashvili]

@Karfal was talking about an estimate not the actual number...

https://www.thebalance.com/us-deficit-by-year-3306306

[Gestopft]

Trump has the deficit to the lowest it's been in 10 years. This doesn't happen over night. It takes time to fix the Hussein obama failures.

Ah yes, the "failures" of inheriting wars that were put on the credit card and a crashing economy.

You're right though: fixing that doesn't happen over night. It took six years for Obama to cut deficits by three-quarters. Yes, they started rising again at the end, but as a matter of fact, Obama presided mostly over falling deficits.

[Breccia]

Karfal was talking about an estimate not the actual number...

More importantly, he was talking about John Trump's --

"Who?"

Oh sorry, I thought we were using middle names to talk about people. Wherever did I get that idea? I mean, it makes sense, Team Trump did pay off $130,000 to a porn star Trump slept with, I guess he is a John.

Anyhow, he was talking about John Trump's wish-list number. As with any other budget handed down from the Oval Office, Congress can use it, or ditch it, however they see fit. For example, if they found a nice, bipartisan 2-year budget deal already, they might just stick with that.

Further, because John Trump did not include with his budget any discussion about revenue, he was trying to explain how much he owed without explaining what his payment plan was. Which, due to the tax cut for the rich, was going to be dramatically down anyhow. So not only is his value an estimate, it's based on missing 50% of the work needed to justify it.

Okay, okay, fun as it is to keep using "John Trump" to remind everyone he paid someone he slept with, it's immature and disrespectful to demonize someone by using their middle name instead of their last (Mr. Trump) or even their first (Donald) to imply something about them. So I'm going to stop doing that. I wouldn't want to project the image of being derogatory, immature, and disrespectful. I mean, who would?

[satimy]

The stock markets drop probably has more to do with interest rates than deficits

[Mormolyce]

Liberals dont understand stocks. With every rise there is a fall. Its natural.

Bwahahahahahahaha!

I think you're mistaking the stock market for Newton's third law of motion there.

Wish I had room in my sig for this gem.

[Celista]

Conservatives only pretend to care about the debt and deficit when they aren't in power. As soon as they are out of power they start clutching their pearls and as soon as they are back in power they spend like drunk sailors on shore leave and make a mess for Democrats to clean up. They then proceed to make it as difficult as possible for the Democrats to clean up said mess all the while whining that the Democrats aren't cleaning up the mess fast enough.

Yup this sums things up pretty well. Sadly they like to spend money on shit that doesn't benefit the average American.

[Garnier Fructis]

There's really only one kind of person who makes a point of emphasizing Obama's middle name over and over.

[Orbitus]

I guess I'm confused. Hussein Obama raised the deficit on an average of more than 1 trillion a year over an 8 year period.

Trump has it down to 1 trillion in his first year? Sounds like progress to me. Get rid of some entitlements now.

No, he didn't. His first year was over $1 trillion, but after that, there were no $1 trillion years, every year but 1 he lowered it. Not entirely surprising that you are lying.

[Machismo]

Conservatives stopped being conservative when Reagan was in office. They ignored his deficits, they didn't complain about his rampant spending. Instead, they talked about how it was important to look strong in order to show the world that we were not to be trifled with. Deficit spending was fine, so long as we are spending it on the right things. It's 35 years later, and they are every bot as hypocritical today, as they were back then.

The Tea Party had almost nothing to do with spending. It was about The United States electing a black Democrat to the presidency. Some were upset that it was a Democrat, some were upset about him being black. Most seemed to be pissed about both. The Tea Party (and the new-wave bro-conservative movement) are about bigotry and blind partisanship. Look at every one of the "conservatives" and woke independents on this site, and they will fall into part of that beautiful Venn diagram.

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I guess I'm confused. Hussein Obama raised the deficit on an average of more than 1 trillion a year over an 8 year period.

Trump has it down to 1 trillion in his first year? Sounds like progress to me. Get rid of some entitlements now.

Actually, that's factually incorrect. The 2009 deficit is actually on Bush, and it dropped by half by the end of Obama's term.

https://www.usgovernmentspending.com...cit_chart.html

No need to thank me.

[Plutarch78]

It looks like the Dow leveled off and is on it's way back off, is the sky still falling?

Its best not to discuss economics and markets to people who still believe Obama was the Messiah who could do no wrong.

[Machismo]

Its best not to discuss economics and markets to people who still believe Obama was the Messiah who could do no wrong.

Is that the same as all the people who thought he was a Kenyan-born Muslim who could do no right?

[Plutarch78]

Is that the same as all the people who thought he was a Kenyan-born Muslim who could do no right?

So he WAS born from Kenya...

Thanks for clearing that up!

[Machismo]

So he WAS born from Kenya...

Thanks for clearing that up!

Well, that's a dodge. Shall I ask gain?

How are the people who think Obama was the "Messiah who could do no wrong" any different than the birthers who believed he could do no right?

Your dodge and attempt to shitpost helps me to make my point. It's all about blind partisanship and willful ignorance.

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There's really only one kind of person who makes a point of emphasizing Obama's middle name over and over.

I believe they are referred to as dumb racists, or ignorant Islamophobes.

Oh, it looks like there are two types of people... although neither is respectable in any way.

[Lenonis]

Its best not to discuss economics and markets to people who still believe Obama was the Messiah who could do no wrong.

The economy got better under Obama. True or False?

[Masark]

The economy got better under Obama. True or False?

FALSE! Unemployment SOARED to 99.999999% (Obama, Biden, and Michelle were the only people left with jobs!) and the stock market CRATERED to a millionth its value under Bush!