America was once projected to be debt-free by 2010.

>>132073286
That would be retarded

>>132073286
But we had to feed our niggers so that they may one day rule over us...

Don't be a racist

>>132073627
Thanks Obama

>>132073286
Then a bunch of banks pretended to have lost money and asked for loans from US, which we had to borrow from somewhere (Rothschilds).

Now one of the banks that was involved snuck into (we thought was) based trump's team Goldman Sachs.

Now they are cutting public spending,but spending millions on meme bombs and corporate welfare for wallstreet.

>>132073286
sorry, had to free Iraq. That's why Iraq is doing so well today. You're welcome shitskins.

And then Clinton continued to increase the national debt for the rest of his presidency instead of cutting it like he promised he would, nice job Bill.

>>132076533
This, moving to Mosul at the end of the year with my wife and 3 young daughters.

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I wonder what happened

> take money from pension fund so don't have to borrow

>>132073286

Let in a RINO and a wreckless spender like Obama and look at what happens

You can't predict the future anon. You also can't enact regulations or take out regulations based on recent data. The moment you do, you have changed the boundary in which that data was gathered and analyzed, so your predictions is bust from that moment on. We also can gather data from the future, or for that matter run simulations of the real world. It is sad, but be hopeful, just not naive.

>>132073286
This was all bullshit from the tech bubble and the privatization shit. Also a lot of what Clinton did for quick economy hurt us in the long term and even caused the financial crysis.

Fuck Obama for ruining this.

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>>132073286

>projected to be debt-free by 2010.

Not so fast. Goyim.

>>132073286
By 1989 Romania was debt-free.

That's why the Ceauşescus were overthrown. Not for starving their people (nobody outside Romania gave a shit about that). Because they could no longer be trusted to do what the globalists wanted.

This is what happens when you cut taxes without cutting spending (Bush)

>>132073286
niggers + jews + gays = America

>>132077837
That was mostly Obama. Bush had a fucking war to wage, he is excused.

>>132073286

Yep. Then Republicans fucked it up.

>>132077928
Bush had a war he wanted to wage so he lied his ass off to trick everyone into fighting it.

>>132077928
Absolute bullshit. Raising money for war is something that has been common-sense for thousands of years (Taxes, tariffs, bonds, etc.), and is something Bush forwent.

>>132073286
Isn't reducing government debt taking money out of private sector

>>132078111
???

You could have lower taxes if you did not have such high debt

>>132078111
Do you think our debt is interest free or something? We pay above 10% of our budget each year just on servicing our debt.

>>132077830
>revolution started and done by the people who were being starved by the commies
>they weren't overthrown for starving their people
Fuck off commie

https://www.nytimes.com/2015/12/04/opinion/how-many-mass-shootings-are-really.html

>>132077929
Oh please. Live in the real world instead of blaming whoever you dislike

>>132077991
>>132078093
t. Democrats

Why do you bother coming on /pol/?

>>132077929
Except the national debt kept rising under Clinton and he did nothing to stop the dotcom and housing bubbles dipshit.

>>132078550
I'm offended at being called a Democrat. Fiscal responsibility is a conservative position, and the irresponsibility of the neocon Bush years has led partially to our present situation. Clinton barely gave a damn about budget deficits, let alone the national debt, and it was thanks to the work of the Gingrich House that they were able to reach consensus and kowtow Clinton into responsibility. You wage a war, you pay for it. You raise bonds, you raise taxes, you give the enemy the fight of their life. You don't cut taxes, build up another nation at the cost of your own, and then look shocked when the economy goes in the shitter (though the Dems equally pushed for the housing bubble as well).

>>132073286
And then 9/11 and the iraq war happened

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>>132076202
>Trump did nothing wrong
>flag
KILL YOURSELF

>>132078504
Nope, the CIA snipers were shooting the protesters and the police.
Just like in Syria and Ukraine.
Thanks btw.

>>132079388
>CIA snipers
lel

>>132079361
WEWONTHEPRESIDENTALELECTIONFAGGOT
GETFUCKED

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>>132073286

>>132079596
No you didn't, now fuck off back to your echo chamber

>>132077991
>>132077928
>>132078093
>>132079015

There was a time in Human Civilization where Wars were waged to make money, the entire Roman History boils down to "We're out of money, let's go conquer a nation and take all their valuables"

A shame we've learned so little from out past

>>132080169
Agreed. To the victor go the spoils.

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This was the fiscal situation when Bush took office. This is why you never trust Republicans with money

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>>132079704
Lol Newt had nothing to do with the Clinton surplus. He was thrown out of office by his own party in disgrace in 1998 and Republicans pissed away the Clinton surplus as soon as they could under Bush

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>>132073286
Yep then Republicans happened

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>>132080707
All right wing retards should read this.

https://www.federalreserve.gov/boarddocs/testimony/2001/20010125/

>>132073286
>Debt free
>Debt-backed currency
Yeah, no. Wake me when fiat currency is no more.

>>132080761

The surplus in those years was simply due to the dot.com boom, which everyone knew was going to crash and boy did it

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>>132081056
No it wasn't. There are more computers and dotcoms today. It was due to Clinton raising taxes on the rich and not going full retard invading Iraq like Bush did.

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>>132073286
you now realize that if america had no debt it also wouldnt have money

Hey Obongoleaf why did the national debt keep rising under Clinton even at the end of his presidency?

>>132078946
They pushed for it because they were planning to house the beaners and the niggers in those extra houses. The whole financial crisis was because they wanted ethnic replacement.
US economy has been a total mess from Clinton on, bubble after bubble. Obongo created another tech bubble, in his 8 years of economic recession and stagnation he managed to triple the stock market without any fucking fundamentals. Thanks to massive money printing the world is so sceptical of the value of main currencies that people have created over 1200 (((crypto currencies )))

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>>132078946
>Clinton barely gave a damn about budget deficits, let alone the national debt, and it was thanks to the work of the Gingrich House that they were able to reach consensus and kowtow Clinton into responsibility

Lol this is the most retarded thing I've ever read. It's obvious that you've never once looked at a deficit chart. It was the Clinton tax hike on the rich that led to the budget surplus. Newt claimed it would fail, then when it succeeded, he tried to take credit for it. >>132081180


Based Bill Clinton immediately began dealing with the deficit left to him by the Reagan/Bush disaster. pic rel

Newt had absolutely nothing to do with the Clinton surplus. >>132080761

Republicans pissed away the Clinton surplus as soon as they could.

>>132080860
Link doesn't work

>>132083750
oh shit you're right

i hope i archived it

hold on

>>132083824
Better correct that mistake leaf or face the rakeoning!

>>132083750
looks like the motherfuckers took it down

heres his feb testimony

https://www.federalreserve.gov/boarddocs/hh/2001/february/testimony.htm

at the bottom theres a link to 2001 testimony, u click on it and doesnt work

i guess i triggered someone at the WH or Fed

>>132084001
wayback came thru

https://web.archive.org/web/20170617062001/https://www.federalreserve.gov/boarddocs/testimony/2001/20010125/

fuck man i do not trust trump with archiving of US govt documents. What a shitshow this presidency is gunna be

>>132084034
So what does this prove?

>>132084336
that a 2001 federal reserve link i frequently used is dead for some reason. while others are still up

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>>132076954
This. Can't really overstate the impact that had.

Though pic related was a more proximate cause of our increased debt/deficits.

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>>132076954
not sure the failure of Republican national security is a very good defense

it's a condemnation of Republican Presidents.

You can't trust right wing retards with national security

Trump is busy tweeting about Mika and Joe instead of reading national security briefings. America is fucked.

>debt
>implying we owe anyone anything

DEFAULT

>>132084747
Where was president Clinton to stop the terrorists from planning their years long training and implementation of 9/11? Bush was president for about 8 months before the attack but Clinton was likely president for an even longer period of time by the time the 9/11 plans were first made.

>>132084937
Those white Christian Serbs were the real problem in Clinton's eyes.

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>>132084937
Your argument is that Republicans are shit at national security. This is just further proof that there will be another 9/11 under Trump and all u retards will do is blame Obama.

Right wing retards can't be trusted with national security.

Bush ignored repeated warnings. He literally went fishing instead.

https://fas.org/irp/cia/product/pdb080601.pdf

Look at how long Trump has been president. You're saying he's not responsible for national security? You right wing retards really are fucking dindus.

>>132084747
28 pages pretty heavily show that the Clintons could have done something, but didn't. Neocons are absolute shit and Wolfowitz is a traitor to the nation, but it's not fair to blame 9/11 entirely on Republicans

>>132085196

Bush Republican? Hahahahah

>>132084747
>>132085196
Also, have this beauty http://www.reuters.com/article/us-usa-explosions-boston-congress-idUSBREA2P02Q20140326

Fucking myopic Obamaleaf

>>132085196
When is Ontario getting a nuke dropped on it?

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>>132085409
>Unless Democrats kill every last terrorist on the planet, Republicans are powerless at keeping America safe.

You just made the best argument against ever voting Republican.

So when Trump fails to keep America safe, it'll Obama's fault for not killing that terrorist.

You right wing retards truly are the biggest fucking dindus on the planet.

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>>132085495
more dinduism

great

>>132085764
Have another https://www.theguardian.com/us-news/2016/jun/12/omar-mateen-orlando-nightclub-attack-shooter-named

>>132085934
Alternatively https://archive.is/rRkhq

>>132073286
This meme is fucking retarded. Clinton may have produced a surplus, but none of it was EVER used towards paying down the debt. The national debt was higher when he left office than when he took it. It's not hard to look up.

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>>132085934
now you're comparing domestic mass shootings to 9/11 terrorist attacks?

lol so retarded

>>132086220
see my previous reply to you >>132085503

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>mfw Obama leaf is back spreading his same debunked arguments when I ass raped him

>>132073627
Black welfare is white slavery

>>132081180
>read a post this economically illiterate
>look at flag
>highlight ID to see how many times this poster has already posted in this thread

Hello, Obama Leaf.

>>132086220
>15 posts by this ID
The Canadian Autist is back.

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>>132086502
Oh please I btfo u retards every day and u know it

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>>132087449
>>132088123
lurk more

>>132079361
Trump sucks. Pls have cancer everyone but me gotta learn

>>132079896
You won it you never had a job

>>132073286
the whole jewish monetary system is based on debt and usury
the only way to be debt free is global economic collapse

>>132088220
The Misleading Claim: President Clinton's higher tax rates resulted in an economic boom. We need to bring back his tax rates!
First, let's acknowledge one fact as loud and clear as possible: the economy DID perform fairly well at the time Clinton was President. THAT'S reasonable to conclude. What's less reasonable, however, is to conclude that his tax policy was the cause of that growth.
Democrats routinely point to Clinton's average GDP growth rates and ignore the fact that wages arguably stagnated during his first 4 years in office after enacting the '93 tax increases. [1] This is likely why Clinton's results are commonly averaged across his entire tenure, as to mask the stark contrast between both terms. They discount the fact that Clinton's '93 tax increases were followed in '97 by tax CUTS, after Clinton HIMSELF acknowledged the taxes had been too high. Speaking at a fund raiser in 1995, President Clinton said: ”Probably, there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too.” [2] Also conveniently missing from the narrative is that economic growth quickened from 3.2% a year to 4.2% a year AFTER the tax CUTS were introduced. [3]
But Republicans, too, are often disingenuous with this issue. While they routinely separate Clinton's two terms to illustrate that most of his economic gains occurred in his second term, coinciding with the election of the Republican led congress and the passage of their tax cut legislation, they attempt to take credit for the economic gains of 1997-2000 while conveniently absolving themselves of any culpability for the 2001 recession, which they dubbed "The Clinton Recession." Either they influenced the economy or they didn't; it can't be both.

>>132088432
People are generally familiar with this left vs right divide, so we'll offer a different perspective. Here's a less partisan argument:
President Clinton benefited from unique and abnormal timing; he happened to be President at the time our ever-evolving society experienced the advent of a brand new, history defining, civilization changing industry, called the internet.
As Edward Conard of the Wall Street Journal explains, "Commercialization of the Internet lifted the Nasdaq from 800 in 1995 to 4,500 in 2000, the largest five-year gain of any major index in American history. Put bluntly, increased payoffs for successful investment and rising equity values simply dwarfed offsetting increases in marginal tax rates. The taxes themselves didn't increase growth." [4]
It was this expanding bubble of over-investment which helped temporarily propel growth. Clinton averaged 3.8% growth in real GDP throughout his tenure. [5] That's rather decent. But the bubble began to deflate in March of 2000 as the once "new" industry gradually stabilized and investment strategies returned to normal. [6] In the year that followed the bursting of that dot-com bubble, growth slowed, culminating in a recession that took place 2 months after Clinton left office. [7] One need not be a defender of George W. Bush to recognize that the downward trend he inherited coincided with the bursting of the tech bubble. It's interesting to ponder how this downward trend WOULD have been part of Clinton's legacy had he simply been President a few months longer.

>>132088449
The point is, the investment trends of the business cycle coupled with the extremely rare occurrence of a revolutionary new industry made for a powerful bubble of growth whose influence arguably outweighed that of any one man, even a President. This atypical level of capital investment, unlike that of other decades, would've bolstered the record of ANY leader presiding at that time, regardless of party affiliation.
So to establish causality between high tax rates and good economic times, one needs more than to simply cite the Clinton era. Clinton was and will always be the only President in history lucky enough to preside during the internet revolution. Much like the advent of the steam engine and the industrial revolution, it's a rare advancement in technology that was part of a long term trend with roots tied to the policies of predecessors. While the 90's tax policies were in no way irrelevant, their positive or negative influence on GDP was likely constrained within the broader influence of the largest tech bubble in recorded history. In other words, you can't simply reinstate Clinton-era tax policy and get the same economic growth.

>>132088463
Citations

https://www.forbes.com/sites/charleskadlec/2012/07/16/the-dangerous-myth-about-the-bill-clinton-tax-increase/#42a68ce56e8a

https://www.wsj.com/articles/SB10000872396390444226904577559412267408438?mg=reno64-wsj

https://www.washingtonpost.com/news/wonk/wp/2012/09/05/the-clinton-economy-in-charts/?utm_term=.3b4c8212dba2

https://www.google.com/finance/historical?cid=13756934&startdate=Mar+1%2C+1996&enddate=Mar+1%2C+2001&num=10&ei=NTo0VKj4GceZ8wbqooHoCw

https://m.csmonitor.com/1997/0207/020797.econ.econ.2.html

Obama leaf wrecked

>>132088429
this guy understands

>>132073286
Projected on a bubble no one saw coming and won't be happening any time soon again.

>>132088583
https://en.wikipedia.org/wiki/Al_Gore_and_information_technology

No one?

>>132076954
>I wonder what happened

https://www.youtube.com/watch?v=NJWRw8bRwt4

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>>132088432
>>132088449
>>132088463
>>132088567
right wing retard btfo

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>>132088220
>>132088256
>>132088899

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>>132089274

>economy is doin great!
>it was based on bubbles and scams that came back to haunt the US/global economy a decade later

>>132084479
Update your pastas if you want to spam shit. Have a little decency you fucking retard.

>>132089331
If you're so smart then explain this >>132087202

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>>132088899
OBAMALEAF IS ALSO CLINTONLEAF, WHO WOULD HAVE GUESSED?

>>132089491
wtf r u talking about i just gave u a fresh link to it that works

https://web.archive.org/web/20170617062001/https://www.federalreserve.gov/boarddocs/testimony/2001/20010125/


btw this is fresh off the paint press >>132089331

>>132089736
youre doing liberal gods work here leafcun

>>132088899
does not debunk my point

>Democrats routinely point to Clinton's average GDP growth rates and ignore the fact that wages arguably stagnated during his first 4 years in office after enacting the '93 tax increases. [1] This is likely why Clinton's results are commonly averaged across his entire tenure, as to mask the stark contrast between both terms. They discount the fact that Clinton's '93 tax increases were followed in '97 by tax CUTS, after Clinton HIMSELF acknowledged the taxes had been too high. Speaking at a fund raiser in 1995, President Clinton said: ”Probably, there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too.” [2] Also conveniently missing from the narrative is that economic growth quickened from 3.2% a year to 4.2% a year AFTER the tax CUTS were introduced. [3]
But Republicans, too, are often disingenuous with this issue. While they routinely separate Clinton's two terms to illustrate that most of his economic gains occurred in his second term, coinciding with the election of the Republican led congress and the passage of their tax cut legislation, they attempt to take credit for the economic gains of 1997-2000 while conveniently absolving themselves of any culpability for the 2001 recession, which they dubbed "The Clinton Recession." Either they influenced the economy or they didn't; it can't be both.

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>>132089500
lol what

>>132089830
Picture from your window?

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>>132089815
It did debunk your point. Right wing retards always cite GOP taking over as the reason the budget was balanced. But the budget was clearly on its way to being balanced. Also, why the fuck r u trying to take credit for the GOP's retarded cap gains tax cut that they forced thru, that Clinton opposed, which led to the GOP dot com bubble

btw i love how i get accused of copy pasta when u retards quite literally spam copy pasta

>>132089955
lol no

why would i have to explain this >>132089500

I don't care about your right wing SJW virtue signaling

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>>132090029
>obama leaf ignoring

"But Republicans, too, are often disingenuous with this issue. While they routinely separate Clinton's two terms to illustrate that most of his economic gains occurred in his second term, coinciding with the election of the Republican led congress and the passage of their tax cut legislation, they attempt to take credit for the economic gains of 1997-2000 while conveniently absolving themselves of any culpability for the 2001 recession, which they dubbed "The Clinton Recession." Either they influenced the economy or they didn't; it can't be both."

Stay mad.

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>>132090149
here have a chart of Based Bill Clinton's job creation while u keep splerging out about gdp growth

You do realize when all you can do is try to take credit for OBAMA AND CLINTON GREATNESS, while completely dinduing GOP presidencies, then I already won.

It's funny how you right wing retards never want to take credit for the economy after a Republican president is done with it.

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>>132090086
But why do you poo in the streets?

Paying off government debts leads to recessions because the government is sucking more money out of the economy than they are putting into it

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>>132088432
>>132088449
>>132088463
>>132088567
Has Obamaleaf been BTFO for good?

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>>132090347
>ignoring

. They discount the fact that Clinton's '93 tax increases were followed in '97 by tax CUTS, after Clinton HIMSELF acknowledged the taxes had been too high. Speaking at a fund raiser in 1995, President Clinton said: ”Probably, there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too.” [2] Also conveniently missing from the narrative is that economic growth quickened from 3.2% a year to 4.2% a year AFTER the tax CUTS were introduced. [3]

Literally the growth happened after the cuts happened. This destroys that Clinton facilitated the growth was caused by Bill Clinton.

Stay mad

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>>132090454
fuck no >>132088899
>>132089331
>>132090029
>>132090347

Right wing retards trying to take credit for OBAMA AND CLINTON GREATNESS is just u retards btfo yourselves

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i love these threads. havent seen much of the obamaleaf since the democrats got btfo

welcome back you shitposting maniac

>>132090521

You may be suprised republitard but you can actually have money in your account.

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>>132080169
It's probably because we don't take all their resources anymore

Honestly who was to fucking stop us if we just took every drop of oil in Iraq?

Anyone?

Would it really be that bad to say "hey fuckheads, we just spent billions to get rid of that Saddam asshole, and we need it paid back. That's some nice oil you got there..."

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>>132090608
>litterally ignoring the entire argument

NO REPUPWICANS BE WETARDS! D-D-DON'T WEAD DIS ANONS P-P-POSTS THAT DESTROY MY POSTAS!

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>>132090564
Are you full blown fucking retarded? They were what the republicans at the time called the largest tax hikes in history. In reality they were tax hikes on the rich.

The economy soared.

Look at job creation >>132090347

Look at the deficit>>132090029

Republicans promised a Clinton recession. Instead the economy soared. >>132081180 >>132090608


You're literally bragging that Republicans caused the dot com bubble with their retarded capital gains tax cut that Clinton opposed.

>>132073286
then someone let bush in the house

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>>132090770
you're getting annihilated, massacred and btfo so you keep crying like a bitch that i'm ignoring your argument when actually your retarded argument is getting btfo

Your entire argument is taking credit for the GOP dot com bubble caused by their misguided cap gains tax cut that Clinton opposed

https://www.youtube.com/watch?v=JhHVPzrCVN8

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>>132090786
>I can't cite sources and use articles that actually address the points made in my posts

It must be tough living in fantasy land my fine friend whose only job is being America's hat

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>>132090770
all you're doing is copy pasta and getting btfo

u can't even form your own arguments

>>132073286
Top kek if you actually believed this.

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>>132080860

>>132073286
>YWN live in the alternate timeline where Al Gore beat Bush and we have trillions in surplus

When will republitards ever learn?

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>>132090961
>ignoring

"But Republicans, too, are often disingenuous with this issue. While they routinely separate Clinton's two terms to illustrate that most of his economic gains occurred in his second term, coinciding with the election of the Republican led congress and the passage of their tax cut legislation, they attempt to take credit for the economic gains of 1997-2000 while conveniently absolving themselves of any culpability for the 2001 recession, which they dubbed "The Clinton Recession." Either they influenced the economy or they didn't; it can't be both."

Nice on par with CNN on credibility

>>132091053
WE ARE GOING TO PUT SOCIAL SECURITY IN A LOCKBOX

A

LOCKBOX

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>>132091081
>source of 2001 recession

>>132080860
>believing the federal reserve
The fed actively use their public statements to influence the markets so you can be sure as hell that they are just saying what you want to hear

Janet Yellen recently said that we will not experience another financial crisis during our lifetimes, give me a break lol

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>>132091053
Gore should've won desu

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>>132091053
They never fucking learn. The damage these right wing retards have done America is staggering

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>>132091289

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>>132091279

>pulling a red herring against my statement

Never change friendo. Never change.

>>132091336
The best part is that the retards of /pol/ have fucked this country with their meme president that will fuck up things worse than ever before.

Screenshot this post.
See me in 4 years, see if I'm right.

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>>132091284
Oh jesus christ u clearly have a hard time with the English language. She was simply stating her personal opinion that she doesn't think there will be another financial crisis soon. She wasn't making some sort of guarantee. Obviously I think she is wrong as well. The GOP has the House, Senate and a demented retard as president. The damage they will do is incalculable

>>132073627
>But we had to feed our niggers
Don't fall for Jewish tricks m8, most our debt is financing healthcare and defense and the Jewish-controlled companies in those sectors.

>>132091473
If Trump actually gets the tax cuts he wants, it'll be a guaranteed recession and debt crisis. The best thing for America right now is that the GOP is inept and there is way more attention on the bullshit they're trying to pull now than there was in the early 2000s. After 9/11, the GOP basically had a blank check, they could do nearly whatever they wanted and boy did they fuck things up big time. I hope the same thing does not happen again.

>>132091669
Yeah well the retards of /pol/ for some reason want this country to go down the shitter even worse

"Let it burn" they said

Yeah, well, we'll see how much you like it when your skin is charred and you are sore from your meme idiot Trump

I spit on that stupid asshole

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>>132091428
did you really think that copy pasta was going to save you?

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>>132091810
It truly is disturbing how much they hate America and how badly they want to crash the economy

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>>132091810

I wouldn't mind a restart, living on a farm with a small community working the land free of corporate government
But first will have to die.... then so be it, even if Im rapped and beheaded

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>>132092029
>90s in gif form

what a great decade

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>>132091540
The main issue is ZIRP and QE which allowed for cheap credit to create massive bubbles throughout the economy. Everything is relieant on ZIRP and now that the fed is raising rates and shrinking their balance sheet, everybody will choke.

Pic related, thank you Obama and Yellen :3

>>132092029
>I wouldn't mind a restart, living on a farm with a small community working the land free of corporate government

Seriously?

You wouldn't mind giving everything up, car, phone, TV, every fucking thing that makes up modern society?

You'd seriously go back to the fucking 1700's for your meme idiot?

Seriously, /pol/ is on another level, deluded is not even in your vocabularies, you idiots.

Hopefully I'll die soon so I won't have to see every fucking nation on earth pass us by in every technological sense if >>132092029
this idiot gets his way

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>>132092125
>Pic related, thank you Obama and Yellen :3

Obama and Yellen are responsible for Dodge's sales tactics?

Then you wonder why I call you right wing retards.

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>>132092302
I think a lot of it has to do with their religiosity. They think Jesus is coming back

>>132073286
bush did 9/11
and you let ptg vote back in the same jews that did 9/11
> then you blame the democrats for 9/11 and call demos the jews
you faggots are the most retarded beings on this earth

>>132092302
I'd give up all that to go back to the times of homogeneous societies and high social trust.

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>>132092302
Well my friend, I grew up without out a phone/ Internet/Twitter/Facebook, I've only been on the computer for about 10years
Before all this advance Tech came to be
and trust me we had less suicides, hardly an government support programs
like we have today

>>132082677
Leave regan out of this. The 80's was one of the most wealthiest decades. Then Clinton to a giant shit on the
economy

>>132092930
>Leave regan out of this. The 80's was one of the most wealthiest decades. Then Clinton to a giant shit on the economy

Regan gave amnesty to every single illegal immigrant in the united states and it made a metric shit ton of cash

Are you saying we're due for an amnesty?

Yeah, no, check history before you idolize Regan, read a book you fuckwit.

>>132092475
>dollar value goes up
>he doesn't realize this kills exports

>>132093014
Are you schizophrenic? Where did amnesty come in?

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>>132092475
No you retard, Obama and Yellen encouraged this behaviour with ZIRP and QE

THANKS OBAMA

>>132082677
>based bill clinton
Created a derivatives bubble so large it doesn't
fucking matter what he did with the economy while he was in office. That bill clinton? LOL

>>132093049
lol 77 cent leaf just stfu about the US economy u fucking retard. US thrives on a strong dollar

>>132093265
https://www.youtube.com/watch?v=Ednq_vKPdQE

I hope, for your sake, that you really are trolling and not actually this stupid.

Otherwise what you are saying is that we should legalize all illegal immigrants again just like your deity Reagan once did

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>>132093369
Lol you gotta love right wing retards. You morons post charts of top conservative thinker Dubya Bush crashing the economy in 2008 and think this somehow hurts Obama. Funny how u retards never show Obama's actual record from 2009 to 2017. Because you know he has a good record.

When will it end

>>132093522
that video is why Republicans love Reagan. Wouldn't be surprised if Trump grants amnesty and these right wing retards worship him for it.

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>>132093546
Those charts highlight the Obama "recovery", retard.

THANKS OBAMA

>>132077082
that litterly illegal in the Illinois state constitutoin but lol who reads that
and they did it anyways and now refuse to havean actual budget.

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>>132093674
notice how you keep getting btfo and instead of defending your bullshit u just keep jumping from topic to topic and splerging charts

>>132093731
You must have mental problems, you don't even read things, just keep spaming

I mean, even the libertarian faggot btfo u, he clearly showed you 100% incapable of making a point out of his text

>>132094071
lol u retards are still splerging muh ZIRP. ZIRP is over. muh fed muh balance sheet. Where's all the hyperinflation and $5,000 gold u retards promised me years ago? You're still splerging the same fucking debunked bullshit. Get some new talking points morons. The USD is strong as hell. THANKS OBAMA

>>132093522
What is your point. Nobody agrees on every issue. We were talking about the economy under Reagan. You throwing in amnesty added nothing to the discussion, though by this standard your post is as good as that Indian Obamaleaf's.

Perpetual interest doesn't work that way usually. Unfortunately.

>>132094214
That strong dollar must be why economic growth was so high under Obama. Oh wait, he was the first president in 100 years to never have a year of economic growth higher than 3%.

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>>132093731
Umm no sweetie, those charts show exactly what you claim they do not. And, cupcake, stop posting the same charts over and over in the same thread, you look silly honey bun.

>>132079361
>muh infographics

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>>132094536
16 million jobs created, 4.6% unemployment, deficits cut by 2/3, but you retards want more govt spending and more immigration to boost gdp?

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>>132094543
>Economic baselines in the Eurodollar area

lol do u even know what you're doing anymore?

>>132073286
>bush bankrupts the country with his idiotic war
>muh Obongo shill
And I thought this wasn't a safe space.

>>132073286
Debt free, sure mate. Soon most of the world will be wealth free. We are going down with you.

>>132094674
If you change the definition of unemployment it doesn't make people unemployed

If you get people working shitty part time jobs that doesn't mean the economy has actually recovered

Kill yourself

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>>132094674
>job creation without GDP growth

Yeah, I'm sure those are wonderful jobs. Thanks Obama.

>immigrants grow GDP

LET THEM IN. LOOK AT ALL THESE PRODUCTIVE PEOPLE!

>>132094741
>Republicans gain a majority in the House
>deficit shrinks quickly just like the 1990s

It's almost like both the 1990s and 2010s have had Republicans in control of the House. Shocker.

>>132094674
Oh, I forgot about the jump in income inequality.

So you've got slow economic growth and large increase in inequality. You expect us to believe that the jobs King Nigger created weren't McJobs?

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>>132094845
>If you change the definition of unemployment it doesn't make people unemployed

Obama never did this. Ironically enough, it's you retards that changed the definition of unemployment to include my 80 year old retired grandma

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>>132094741
>unemployment
Stop embarrassing yourself and let the grown ups discuss the economy

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>>132094881
>>immigrants grow GDP
>LET THEM IN. LOOK AT ALL THESE PRODUCTIVE PEOPLE!

That's literally your argument. You're mocking yourself.

US population growth slowest in 80 years. What a coincidence GDP growth is slow. You right wing retards want more immigration. At least be honest about it.

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Okay quick run down on the thread so far. The Canadian Autist has been spamming the same old graphs and replying to himself all through the thread and when anons call him out on his autism he flips the fuck out and starts posting random screenshots.

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https://youtu.be/miD_mtAEdRs

>>132094881
All those poor women and children.

>>132095056
Yeah, that's why the economy isn't growing, we don't have enough people....

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>>132095056
THANKS OBAMA

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>>132095045
Is this the part where you right wing retards are so fucking stupid, that you don't know that when unemployed get jobs, the unemployment rate goes down?

>>132095007
>article written by a liberal in 2015
>source

Changing the definition of unemployment and then lying by saying the other side did it just makes us want to kill you

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>>132095209
Almost like Bush crashed the economy in 2008

I love how u retards always post charts of Bush crashing the economy in 2008 and then cut off in 2012 or 2013 lol

>>132095303
>7 year economic recovery

Tell me, how long did it take to recover from every other recession or depression?

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>>132095269
>Changing the definition of unemployment and then lying by saying the other side did it just makes us want to kill you

you realize you're the retards who changed the definition of unemployment right

Obama never changed it. That's why u retards have 0 proof of this.

>inb4 U6 which is posted every month by BLS

Does this canuck that comes here every few days and post the same bullshit ever learn about causality? One factor doesn't go into a fucking economy. The President does jack to it.

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>>132095398
The worst Republican Recession since the Great Republican Depression takes the longest to recover since the 1930s. Really makes you think. How about you fucking Republicans stop crashing the economy so hard when you're in charge, then you can stop bitching at Democrats that it takes too long to clean up your mess.

>>132095449
Come on, Obamaleaf. I don't care about your talking points. I want to hear about these magical shitskin immigrants.

>>132095519
>I don't care about your talking points.
Sounds like an sjw playing the racist card.

>>132095513
It only took 4 years to recover from the great depression, and it costs fair less than the $10 trillion Obongo spent on this recovery.

Despite what you think, the bankers caused the recession. The same bankers who were the top contributors to Obongo. Makes me wonder why he spent all his time pushing a failed healthcare bill instead of fixing wall street.

His VP also said we would all be under water by now you literal nigger.

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>>132095647
>It only took 4 years to recover from the great depression, and it costs fair less than the $10 trillion Obongo spent on this recovery.

Holy shit so much wrong in this sentence. How do u retards do it.

Obama spent $10T? LOL. You don't know what spending is retard. Obama was the slowest spender in 80 years and cut the budget deficit by 2/3

>>132095519
you're so fucking retarded, you don't know that population growth adds to gdp

>>132095753
Post the debt numbers.

>>132077928
Considering that he didn't have to wage it, he is responsible for the events.

>>132095784
Not when those people consume welfare and contribute nothing to the economy.

>>132095784
Shit, all you have to do is look at your home country, India, to see that all people aren't equal.

>>132095237
LOL RETARD you dont know the difference between unemployment and labour force participation rate

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>>132095753
THANKS OBAMA FOR THE INFLATION

September 11 happened.

>>132095814
>>132095863
govt spending adds to gdp as well u absolute fucking moron

you're embarrassing yourself

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>>132095953
Lol once again you're posting charts of Bush crashing the economy in 2008 and Obama booming the economy. Are you fucking retarded? You really don't know what happened in 2008 do you? You're getting btfo so badly. I love it when u retards flail from chart to chart and just get fucking massacred

>Slick Willie
Thanks for the housing bubble.

>>132073286
>Highest point after Iraq war
>have another Iraq war
American education

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>55 posts by this ID

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>>132096188
>Obongo spent $10 trillion dollars and still couldn't grow the economy more than 3%

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>>132096589
Except he didn't. You don't know what spending is. Now you'e just repeating yourself. How embarrassing. >>132095753

>>132097168
OH. How did the deficit increase by $10 trillion under Obama then?

>>132097210
no

it fell by 2/3

you're a complete retard

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>>132097168
Add this to your templates.

>>132097356
The stupid monkey added more to the debt in his first two years than Bush did in 8!

>>132097364
Do you know what spending is? >>132095753 (You)

Do u know what the budget deficit is? >>132097168

Do you admit you're fucking retarded?

>>132089377
Today is the same thing.

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>>132096256
>he doesnt know the difference between real and nominal

lmaoing @ ur life

THANKS OBAMACARE

>>132097473
How did he add more to the debt in his first two years than Bush did in 8 if he was the "slowest spender."

Your autistic ass should be in India building toilets, not mooching off Canadian welfare.

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Dang, that american flag graphic is like 20 years old.

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>>132097419
Wait. Let me get sometihng straight. You're so fucking mentally retarded, you thought that the costs of Bush's wars, tax cuts, fuckups and recession magically stopped as soon as he left office? You actually believed that? AHHAHHAHAHAAAHHAHAHAHAHAHAHAHAHAHAAHHAH

holy shit bro you're fucking gone mentally

see >>132080814

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>>132097493
I just gave you a chart of real. >>132096256

you really are mentally handicapped aren't you?

It clearly says 'Real' right in the fucking title >>132096256

>>132097553
You don't know what spending is. It's the expenditure side of the budget. Obama was the slowest spender in 80 years >>132095753 (You) (You)

You're so fucking mentally retarded, you thought that the costs of Bush's wars, tax cuts, fuckups and recession magically stopped as soon as he left office >>132080814 (You)

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i can't take how retarded these morons are

I'm out

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>>132097356
>>132097168
>>132097210
>>132096589

>I don't understand the difference between a deficit and debt

Deficit = expenditures - revenue (taxes)
Debt is the amount the government owes

They are two different numbers.

>hurr durr Obama decreased it by 2/3.
He returned it to Bush 2.0 levels

Helps to graduate high-school first.

>>132097591
>if I keep posting the same graph over and over it will change the fact that when the House was Democratic from 2006-2010 spending went through the roof and when the House was Republican from 2010-present spending decreased and the deficit was reduced

This is getting tedious

>>132097648
Obamaleaf, you should just go home.

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>>132097827
Bush left Obama a $1.4 TRILLION budget deficit. Obama reduced it by 2/3. Are we at the point of the exercise where u right wing retards are too fucking stupid to know that FY2009 was Bush's last budget? >>132097168


You retards really don't know US fiscal years do u?

>>132073286
>he wants to be debt free
>is afraid to control stock exchange and afraid to ask Treasuries and Federal Reserve about the numbers
No goy, your inflation, taxes and debt will grow, then your race will go extinct. They don't care what they ruin as long as they have money and possibility to construct their house grown from your demise anywhere they want. Why would they give up their profit to fix your misery? There is no hope without blood being shed. Peace, democracy and freedom won't fix anything at all, not even in billion years.

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>>132097897
AHAHA aren't you the retard who got btfo so fucking hard that you stopped replying? I love it when u fucking morons get btfo and flail from topic to topic.

Let's see your last post hmmm...
>>132094845
>>132094845
>>132095269

you got destroyed >>132095449

and stopped replying

lol u retards are so fucking stupid, u thought the unemployment rate was 42%

how fucked up mentally can you be?

https://www.youtube.com/watch?v=Np40ayMJI1Y

>>132073286
that's such bullcrap, the notion that somebody knows what the US deficit will be next year, let alone 10 years from now is beyond idiotic.

do you know how many variables are there? if somebody really had that skill he'd be a billionaire on wall street, not pushing paper for the govt.

>>132097965
>not knowing the difference between deficit and debt

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>>132098133
I do know the difference. It's clear u retards don't. I love how badly you're btfo yourselves

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bye bye retards

>>132098187
Deficit can decrease when you sell bonds to rich people, but that also means they own you now, meaning they own that what you sold.

>>132098187
>implying deficit matters when he increased the debt

>>132097965
Did Obama doubled the debt. Yes or no?

>>132098305
Deficit doesn't increases the debt. Selling your country increases the debt. You can't have debt to your own self.

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>>132098305
>being this fucking retarded

https://www.youtube.com/watch?v=xI9jbMxoS8I

The last year of Bush's term had a very high deficit because it was a progressive-keynesian stimulus plan in response to housing bubble. The Democrats and people like Krugman supported it (infact, said it should have been bigger) while actual conservatives like Paul said don't do it.

It was supposed to be a one-off emergency plan, not something that would become the new normal for the next few years that you slowly cut while boasting about cutting it.

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>>132098391
no

u must be thinking of Reagan

>>132098462
>obama missing from chart

just admit you're a dumbass

>>132098440
Obama should've just cancelled the Great Republican Recession after the 1st year

I honestly don't think that right wing retards know that when Republicans crash the economy, revenues plunge and expenditures explode. Right wing retards don't know this

>>132098545
>Obama should've just cancelled the Great Republican Recession after the 1st year
Agreed. The stimulus package prolongs the recession. Cancel it.

> and expenditures explode
It was a stimulus package. They deliberately spent above and beyond because that's what Keynesian theory states should be done.

>>132098462
What is $10 trillion multipled by two?

>>132098515
He can't, my dude.

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>>132079456
Read about the topic or kys already James

>>132098462
https://en.wikipedia.org/wiki/Reaganomics
>where the top marginal individual income tax rate fell from 70.1% to 28.4%
Ronald Reagan decreased taxes to gain popularity, but if you decrease taxes, which means you collect less money from people, then people have to produce much more native things to cover up the government money hole, else government has to lend money and sell USA, which increases the debt.

>>132073627
Are you retarded? Paying out trillions blindly, during an endless war, might have been a part of it.

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>>132097648
And still real income was lower at the end of Obama than it was in 2000, while the fed was propping up the stock market to all time highs
>>132097701
>>132097737
>>132097965
>>132098119
>>132098187
>>132098234
Obama is so great foods stamps recipients doubled during his presidency, obamacare left people with higher premiums and less choice between insurance companies, welfare participation rate plummeted, real wages were lower than in 2000, doubled the national debt and had an average gdp growth equal to that during the great depression.

>>132098927
Just think of all those starving Americans those food stamps are helping...

>>132084556
>>132076954
Without 9/11 attack, Us would be an even worse shithole than now.
Funding terrorism, selling weapons to arabs was only possible thanks to 9/11. Without it, the entire military economy would crumble.

>>132098927
>welfare participation rate
labour force participation rate

>>132098927
You do realize social expenses are not just food stamps? They are also insurance, sickness, pensions, housing, industrial contracts, army vets..etc. Just because you spend more money than you produce doesn't means you will have debt.

In 2002
http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." - Paul Krugman.
> create a housing bubble to replace the Nasdaq bubble
> create a bubble to replace a bubble

>>132099425
It is impossible to spend more money than you have without accumulating debt.

>>132099425
>Just because you spend more money than you produce doesn't means you will have debt.

>>132099937
You only create deficit. Debt only happens when you sell. Deficit isn't debt.

>>132073286
he was the last president to have a budget surplus.

>>132097168
>percent of GDP
If GDP rose a lot as well, then the deficit could have increased and still been seen as smaller by percentage.

>>132101679
You can increase debt without having deficit, you just sell your country to Shekelberg, because he has his people in your government. That can then increase GDP because he inflates your prices.

>>132080169
>>132080315
http://www.haaretz.com/israel-news/1.672599
Report: Israel Imports Three-quarters of Its Oil From Iraq's Kurds

More than a third of Iraqi Kurdistan's oil exports between May and August have gone to Israel,

>>132073286
And it was bullshit because the very year he was making that silly graph and claiming a supervatit every single agency of note was reporting an increase of debt. You can't have an increase in debt AND money leftover.

>>132103105
Who says debt has to be money? It doesn't has to be money, but it can be represented as money.

>>132103289
Are you retarded, my friend? Not in the 4chan retarded, but clinically so? Honest question.

>>132073286
>America was once projected to be debt-free by 2010.
and then the dot.com bubble popped.

File: KILLUS.webm (3MB, 1080x1080px) Image search: [Google]

3MB, 1080x1080px

>>132096256
Internet revolution kicked off in full swing when Clinton entered office. A banana could have been the leader and everything would be fine. Bush entered office right when the Clinton years dot.com bubble was popping and Obama enjoyed the slow recovery. Just like Trump takes credit for shit he hasn't done with the current market you assign credit to democrats for things they took no real part in.

>>132108066
>Internet revolution kicked off in full swing when Clinton entered office. A banana could have been the leader and everything would be fine. Bush entered office right when the Clinton years dot.com bubble was popping
This
The dot-com bubble bursted 2 MONTHS after Clinton left. What a mess.

>>132099020
this is sadly true

The US vitaly needs those excuses to conform its citizenship to a life of leeching of other countries

>>132103844
National debt is nothing else than statement that somebody owns your country's infrastructure. Having national debt is like pimp having prostitutes, pimp doesn't has money, he has prostitutes. Nation debt can mean some billionaire owning your financial institution, even Saudi Arabia owning you in a sense you don't ever attack them or them making you attack somebody else, because they agreed to give you money, you don't have to pay back that money, you just have to do what they tell you. National debt doesn't needs to be repaid.

>>132098894
The war cost about $1 trillion. What about the other $9 trillion? Dems gave it all away to welfare niggers and spics. Stop giving the Dems excuses.

>>132109294
Not true.

Bush just had to end the Community Reinvestment Act, and not go to wars and things could turn out okay.

>>132109803
>blaming Bush for Obama spending $10 trillion
moveon.org please leave

>>132099020
We were selling weapons before 9/11. Are we getting raided by retarded lefties or something?

>>132109907
I don't blame him for that.

>>132073627
>>132076954
Typical americans, blaming everything on niggers and 9/11, it's your own foult you are souch a dipshits who only spend money and never save any.

>>132092302
>people have stopped watching TV in massive numbers in the last 10-15 years.

What would be so bad about having your plot of land where you can actually so what you fucking want to without government tendrils up your asshole?

The dot-com bubble was obviously handled a lot better than the housing bubble.

Perhaps because there was no significant Keynesian stimulus?

> From 2000 to 2001, the Federal Reserve, in a move to protect the economy from the overvalued stock market, made successive interest rate increases; while this may have initiated the readjustment, it is starkly contrasted with the severe, prolonged recession that would have occurred had the unsustainable growth continued unabated

Somewhat different to the reaction to the housing bubble bursting which saw stimulus spending, tax increases and QE.

>>132098881
or if the governemnt decraese taxes, they can they can decrease spending

File: Shlomo Shekelstein.jpg (157KB, 501x585px) Image search: [Google]

157KB, 501x585px

>>132084747
Good Goy! Muslims did 9/11

>>132112298
Or they don't pay pensions, increase inflation, make you work longer, print more money, make you re-marry multiple times, sell you more pills, don't pay vacation, decrease quality of food, don't cover medical expenses...etc. What do bosses first do when their company doesn't has money? Of course government can take money from banks in USA and simply repay themselves. There are many ways to cover the deficit instead of creating debt.

>>132112948
*can't take money from banks

>>132073286
At that same time, we were also projected to have wheat growing up on the North Pole and a desert stretching from Texas to the Dakotas. Projections are a fancy word for asspulls, mate. Especially in the era of Slick Willie and The Boomers.

>>132086815
It takes a lot to take care of mentally disabled.

>>132073286
>1 post by this ID
>Not elaborating

300+ replies
Fuck /pol/ is dead

>>132073286
dotcom bust, enron, 9/11 and then the great recession

>>132077837
And what happens when you just spend like you hood rich, thanks Barry!

>>132097419
The monkey added more debt than all presidents combined.

Thank God the US doesn't have 3 term presidency.

>>132099020
Or the burgers could have just shifted to a healthier economic which doesn't require starting regional wars to stay afloat.

>>132109704
DRUMPF!
RACIST!!!!
NAZI!!!!!!!!!!!!!!!!!!!!

>>132080761
(((Members)))

IE Neocon kikes

Newt was the real hero of the 90s economy

>>132082677
Oh its another one of those threads that obamaleaf screeches autistically that Bush destroyed everything and Obama did nothing wrong

Clintons tax increases are referring to income tax increases on rich

This ignores the enormous capital gains tax reduction that Gingrich's house enacted in 97

'97 is the start of the boom when there was a flurry of economic activity

because income tax for rich people is a piss in the bucket compared to capital gains

reduction in taxes WORKS

>>132077654
Clinton deregulated the derivative markets which itself did a lot to set the 08 collapse in motion

>>132073286

> Conservative idealogues think Bush was an underrated president

Budget Surplus refund (2001)
Too big to fail bailouts (2007-pretty much all of Obama)

If at least one of our presidents was not part of the uniparty, we probably would have been and stayed debt free a lot sooner.

>>132077837
this is what happens if we don't phisically remove ourselves from these shitholes

>>132076202

>a bunch of banks pretended to have lost money and asked for loans from US

Both Bush and Obama paid them. Bush, at least, showed some reluctance.

> based trump's team Goldman Sachs

MRW...seven degrees of Kevin Bacon can now be applied to Goldman Sachs and politicians

Bush & crew, Obama & crew, Hillary & crew - all Goldman Sachs "cronies"

"cronie" = worked for Goldman Sachs or some subsequent subsidiary at some point in their career.

>>132076533

>You're welcome shitskins.

TFW you freed the people from tyranny, but forgot to remove the shitskins.

>>132119575
USA will have its retirement age raised, it will get replaced by illegals and the debt will still stay, why? Because you failed to kill every single one of those billionaires. You can take in money and increase production as much as you want if at end of the day those people don't benefit government/country at all.