Sunday, July 3, 2022 |
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Under Obama, the national debt soared from 68% to 104% of GDP. We dangerously approached the point of runaway financial collapse.
While deficits have continued under Trump, he has helped to grow the economy at a faster rate, which has caused the debt ratio to level out. However, we are still facing a financial threat from the retirement of the baby boomers.
Most of the new presidential hopefuls are pushing radical socialism. Their proposed high tax rates would cripple the economy, throwing millions of people out of work. With a smaller economy, the higher tax rates would, at best, match current tax revenues. Meanwhile, these radicals would spend additional trillions on free health care, free college, free childcare, etc.
It is like we are all on a plane from California bound for Hawaii. Halfway through, there is an election for who controls the aircraft. Many contenders are promising to fly the plane to Tahiti instead of Hawaii. The plane does not have enough fuel to get to Tahiti. A crash would be imminent.
It is frightening to hear so much talk about far-left agendas. The resulting collapse would make our current levels of freedom and prosperity only a distant memory.
Mark Beeksma, Koloa
Stating favorable facts while omitting pertinent ones can be misleading.
Remember the financial crisis in 2008?
The economy tanked because of the reckless behavior by the financial industry. Government bailouts prevented a depression but unemployment and foreclosures were unpreventable.
Deficit spending was critical in our nation’s economic survival.
For eight years, the economy slowly healed. Employment went up. The stock market went up.
Prosperity had returned. So the new Administration cut taxes, mostly to benefit the wealthy. And then it spent money it did not have. $2 Trillion is deficits is no small sum.
Next time, please tell the whole story.
What you are leaving out is that the recovery under Obama was the slowest recovery from a major recession on record. Obama started from such a low place it should have easy to grow the economy. Yet, he averaged only 1.5% economic growth per year.
It was harder for Trump, because he was starting at a higher place. Yet, Trump’s growth has been much higher than Obama’s average.
I do hold Bush 43 responsible in part for the 2008 real estate crash. Bush allowed the banking regulators to cave to the demands by powerful Democratic congressmen to allow banks to make loans to people who could not afford the loans. It was Bush’s weakness against Democrats that allowed the bad loans that led to the crash.
Also, I give Obama some credit. He was a young man with no meaningful accomplishments other than some politics. For someone who basically had no experience, he could have done lot worse. But it was his left-wing desires and his lack of interest in helping America that caused far more damage than his inexperience.
Regarding Trump tax cuts, the corporate tax cuts part was an excellent idea. Ireland is proof of that. Ireland has had some of the lowest corporate tax rates in the world for some time. This has caused the Irish people to have some of the highest average incomes in the world, much higher than the U.S. Ireland is one more example that proves that lower corporate taxes lead to higher incomes for the average person. It may be counter-intuitive, but that is how the world actually works. Keep in mind that the earnings at Corporations are subject to two income taxes on the same income. Corporate income taxes are not the only tax on that income. The shareholders themselves get taxed again when these same profits are distributed to them.
The ignorance displayed by the author is dismaying and makes me grateful that we still have the electoral college—never thought I’d say that—which will effectively nullify his vote when the next presidential election comes along.
Thank you Mark! You are a voice of reason in a sea of confusion! Great letter!
Great comment, Gordo! “. . . a voice of reason in a sea of confusion.” Such insight! Your razor-sharp intellect is on full display today! So profound . . . so . . . astute . . . so . . . PERCEPTIVE! Wow . . . I mean I’m nearly speechless! You’ll have to forgive me . . . I’m tearing up as I write these words. You know what I’m going to do? I’m going to have it framed and then hang it in a place of honor . . . I’m pretty sure there’s enough space right above the toilet.
The sea of confusion ?? You mean the toilet that the evangelical right has decided to swim in with our infamous pervert in chief… the philanderer… adulterer and goon. That Sea ?? Forgive the rest of us who can’t stomach the sight and stench of your choice of an incubus for president
You and gordo always instilling fear. Was wondering if you or your buddy would want your wife, daughter, sister, or any female stound your fuhrer.
Glad you admitted the deficit has grown under trump. We also have a trade war you forgot to mention. A leader who speaks and acts like a drunk on a bar stool. A president who spends more time playing with either his phone or golf clubs than leading. A president who admires the worst leaders of the planet. A leader who has shown to have brought in more Felons than any administration Iʻve seen in my lifetime. A leader who has a track record of a philandering serial adulterer. A leader who professes to be the chosen one yet no recollection of ever entering a house of worship… should I go on ? What we are experiencing now is more like being on a flight from the mainland and the idiotic passengers in first class of the plane have removed the pilot and co-pilot from the cockpit and replaced them with a drunken fool they found passed out in his own vomit
Dream on, Mark. Your statistics aren’t even accurate. Obama guys had to fix the mess that the last financially irresponsible Republican administration left. Trump inherited a thriving economy and has now created a slowing one. Manufacturing jobs are decreasing, farmers have no one to sell their crops to, and we are all paying higher taxes in the form of tariffs. National debt has soared due to the 2016 corporate tax cuts that haven’t paid for themselves. Stock market performance is largely based on the billions of dollars those corporations spent buying their own stock back. Trump hasn’t accomplished anything, he can’t even find people to work in his own administration.
Trump for Prison 2020.
Barak Obama is much younger than the other former presidents. According to a book I’m reading, Barak Obama could have been easily classified as an immigrant, if it weren’t for a few paper work. He was born in Hawai’i. Date of birth, 1961. According to the book, Trump’s America, America is a melting pot. Many ethnic groups live here or have been born here. Culturally speaking, Barak’s ties is to Hawai’i, and not Africa. So he grew up in a multicultured environment. And America as its origin or basis of national alliance. He is an American. But is he the smartest? By no means is he the smartest. Unless you integrate social aspects of politics into sports, sure he’s the most qualified. Obama made the most of his social skills. It worked out.
A laughable effort!
I can’t stop laughing! The little liberal trolls are at it again! Just say anything, whether it’s true or not, and eventually people might believe it! All is well in America! Full employment, the deficit slowing, over 3% GDP growth, manufacturing coming back, consumer confidence at 20 year highs, Blacks, Hispanics, and women unemployment rates at historical, or decades long, lows, more money streaming back into the United States than anytime EVER! Thank God for the 5 more years of the American dream actually available for anyone who wants to work, sacrifice, and learn to reach the highest economic levels in our Society! It’s a beautiful morning! Thank you Mr. President! You’re right on Mark!
Final words on the subject: Trump will win in 2020. Good.
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