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Obama and the National Debt

 
 
Miller
 
Reply Sun 28 Aug, 2016 07:32 am
According to several financial newspapers, since Obama took office in 2008, the National Debt has risen about 35%. Does anyone in care?

After Mrs Clinton takes office, can we predict that the National Debt will increase a further 35%?
 
Miller
 
  0  
Reply Sun 28 Aug, 2016 07:39 am
I suspect, based on many plans proposed by Mrs. Clinton, that the National Debt will continue to rise and may even exceed the previous value of 35%.

The Dems think debt is a good thing, except when it comes to American students failing to pay off their student loans.

But the Dems are not alone, Mr. Trump also thinks that debt is a good thing... at least when it involves his finances and his ability to further increase his net wealth.

I wonder what the credit card companies think of debt. If it's such a good thing, why do they go after consumers who can't pay off their card balances?
0 Replies
 
parados
 
  2  
Reply Sun 28 Aug, 2016 08:57 am
@Miller,
35%? Many conservatives have been telling us for the last 3 years that Obama doubled the debt. Does this mean they were wrong? Who would think they would lie about something like that.



As to the National Debt going up. Yes, it most likely will. What is more telling is the debt to GDP ratio. As long as that doesn't go up or ideally, if it goes down then we will be doing better.
0 Replies
 
Kolyo
 
  3  
Reply Sun 28 Aug, 2016 09:33 am
The national debt soared early in Obama's presidency because Obama was bringing us out of a deep recession. Clinton won't be fighting a recession so the same massive deficits won't happen. Also, as far as her ambitious spending plans are concerned, she won't get them past a Republican House.
Miller
 
  -1  
Reply Sun 28 Aug, 2016 11:18 am
@Kolyo,
quote="Kolyo"
Quote:
Obama was bringing us out of a deep recession


Check out the bond and stock markets...We're still in a recession. Growth rate is barely 1%
MontereyJack
 
  3  
Reply Sun 28 Aug, 2016 11:30 am
@Miller,
Any other statistics you'd like to cherrypick, Miller? Koiyo's right. Sta;ndard Keynesian economics, based on the lessons learned from the Great Depression. Worked then, worked this time. Supply side economics didn't. Compare S&P then and now. Obamanomics worked, Clintonomics will too. Dems learn from the past, GOPs don't.
t
0 Replies
 
roger
 
  1  
Reply Sun 28 Aug, 2016 02:33 pm
@Miller,
You mean the stock market has declined since Obama became president? It sounds like that is what you are implying.
nimh
 
  1  
Reply Sun 28 Aug, 2016 03:06 pm
@Miller,
Quote:
We're still in a recession. Growth rate is barely 1%


I think only one of these two things can be correct, considering that the standard definition of a recession is when there have been two or more quarters of economic contraction. If there's growth (whether large or small), we can't still be in a recession.
0 Replies
 
Miller
 
  0  
Reply Mon 29 Aug, 2016 07:32 am
@roger,
Read the WSJ and Financial Times.
Blickers
 
  2  
Reply Mon 29 Aug, 2016 09:33 am
@Miller,
Debt going up? Not much, after we got out of the recession. Check out parados' post:
Quote parados:
Quote:
What is more telling is the debt to GDP ratio. As long as that doesn't go up or ideally, if it goes down then we will be doing better.
And that's true. Debt is measured by the country's GDP. Here's the rise in debt/GDP ratio for the last ten years:

http://cdn.tradingeconomics.com/charts/united-states-government-debt-to-gdp.png?s=usadebt2gdp&v=201607041831n
Lots of extra debt starting during the recession before Obama took office, now it's been almost flat (1.3% annual increase) for the past four years.


As for the stock market, check out the Dow. The dotted line on the left is Feb 1, 2009, about 10 days after Obama took office. I don't see how you can see stocks have not been doing well-everyone who either didn't sell off in 2008 or got in the market early in 2009 or 2010 has been doing wonderfully.

http://i1382.photobucket.com/albums/ah279/LeviStubbs/Dow%20Jones%20%20Aug%2029_zpsjt7cygqd.jpg

Anyway you look at it, considering what he started with, it's been a strong, strong economic performance for the Obama Administration.
0 Replies
 
Fil Albuquerque
 
  1  
Reply Mon 29 Aug, 2016 10:22 am
Today Obama topic talking is resumed to either he performing as the 2 coming of Christ on Earth in a global recession or his policy is trash talked as a total failure...Obama will be missed in Europe and in every civilized mature society.
0 Replies
 
 

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