More jobs are created under Democratic Presidents. We will be fine under President Kamala Harris. If we can say Dostoevsky and Tchaikovsky, we can pronounce Kamala’s name properly.
Former President Bill Clinton’s claim that America has created 50 times more jobs under Democratic presidents than Republicans since the end of the Cold War in 1989 is true.
The number of jobs created in the U.S. from January 1989 to July 2024 was 51.6 million nonfarm jobs, according to U.S. Bureau of Labor Statistics employment data.
Around 1.3 million of those jobs were created under Republican presidents — George H. W. Bush, George W. Bush and Donald Trump, and about 50.3 million jobs were created under Democratic presidents — Clinton, Barack Obama and Joe Biden.
Larry: Interest rate policy is ineffective. Jawboning (like JFK did) should work.
Glenn: Got a model for that? Any evidence other than JFK anecdotal?
Best comment: Glenn explicates two different types of debt. 1) Outstanding debt with a coupon. 2) Future obligations. Inflation helps 2, makes financing 1 more difficult. I would argue, impossible given the level of outstanding debt.
Inflation has fallen under Biden/Harris. It is near the 2% target set by the Fed. Many economists say the future concern is about jobs. Job growth exceeded expectations in September. Harris will likely stay the current course.
Trump wants deportations and tariffs which many economists say will increase inflation.
I’ll stick with Harris, the person not threatening to reject election results.
You are full of it, as usual. Inflation when Trump left office was 1.4%. The disastrous "American Rescue Plan" and "Inflation Reduction Act" pumped 3.5 trillion into the economy, largely to the Democrat donor class, and inflation jumped to over 8%. All the while the Admin was gaslighting us saying it was 'temporary' or 'beneficial'. They are congenital liars, as are you.
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment."
There is a difference. Trump proposes a 200% tariff on John Deere.
Donald Trump has claimed that Kamala Harris’s economic plan would result in an economic depression on the scale of the Great Depression of 1929. However, a major element of his own economic plan is the imposition of high tariffs on imports, which would be much more likely to lead to a depression than anything Harris is proposing. And there’s historical proof of that.
The stock market crash of October 1929 is generally accepted as the event that began the Great Depression. However, the market had partially rebounded in the first half of 1930, before President Herbert Hoover signed into law the Smoot-Hawley tariff act in June of that year. That act increased tariffs by 20 percent on a wide range of industrial and agricultural products. It was a terribly misguided effort at protecting U.S. producers and reversing the depression. But its effect was to deepen and lengthen it and to spread it globally. From 1929 to 1933, global trade declined from $3 trillion to less than $1 trillion.
I won't pretend to be any kind of competent economist, however listening to the very best economists like Glen Loury and Larry Kotlikoff, one does get an appreciation for their gifts.
It goes without saying that Glenn makes good sense and I put that down to the fact that he is at heart an economic conservative. My opinion is in line with DJT and the MAGA Movement. GROW THE AMERICAN ECONOMIC PIE. Trime the regulatory agencies, note how the FAA is holding Space X in limbo, and costing the company millions of dollars. Tesla with 'Full Self Driving' and taxis; efficient / efficacious / economic base-power storage; cheap but fully functional and adequate range distance cars; global satallite capacity re reliable and higy quality communications; General AI assistance in the means of production; Neural link breakthroughs and Boring company
provision of safe / long distace travel. Provided the EVIL Democrats do not orchestrate a nuclear war to save their bacon, we may have a bright future.
Her campaign recently put out an 83-page plan. It contains mostly hand-outs to various constituencies she is trying to court, i.e. it is completely political and likely never to be implemented as long as one house of Congress is controlled by Republicans.
Donald Trump lost more jobs than any President in recent history
https://www.usatoday.com/story/news/factcheck/2020/11/06/fact-check-pandemic-unaccounted-presidential-job-growth-chart/6177339002/
More jobs are created under Democratic Presidents. We will be fine under President Kamala Harris. If we can say Dostoevsky and Tchaikovsky, we can pronounce Kamala’s name properly.
Former President Bill Clinton’s claim that America has created 50 times more jobs under Democratic presidents than Republicans since the end of the Cold War in 1989 is true.
The number of jobs created in the U.S. from January 1989 to July 2024 was 51.6 million nonfarm jobs, according to U.S. Bureau of Labor Statistics employment data.
Around 1.3 million of those jobs were created under Republican presidents — George H. W. Bush, George W. Bush and Donald Trump, and about 50.3 million jobs were created under Democratic presidents — Clinton, Barack Obama and Joe Biden.
https://www.verifythis.com/article/news/verify/economy-verify/bill-clintons-claim-that-since-1989-50-million-jobs-were-created-under-democrats-while-republicans-created-1-million-is-true/536-8be72bc5-3d1b-4205-8ec6-59585e640769
Edit to add:
As if on cue Corey Lewandowski
https://youtube.com/shorts/QK5VyPkgpcw?feature=shared
Larry: Interest rate policy is ineffective. Jawboning (like JFK did) should work.
Glenn: Got a model for that? Any evidence other than JFK anecdotal?
Best comment: Glenn explicates two different types of debt. 1) Outstanding debt with a coupon. 2) Future obligations. Inflation helps 2, makes financing 1 more difficult. I would argue, impossible given the level of outstanding debt.
Inflation has fallen under Biden/Harris. It is near the 2% target set by the Fed. Many economists say the future concern is about jobs. Job growth exceeded expectations in September. Harris will likely stay the current course.
Trump wants deportations and tariffs which many economists say will increase inflation.
I’ll stick with Harris, the person not threatening to reject election results.
You are full of it, as usual. Inflation when Trump left office was 1.4%. The disastrous "American Rescue Plan" and "Inflation Reduction Act" pumped 3.5 trillion into the economy, largely to the Democrat donor class, and inflation jumped to over 8%. All the while the Admin was gaslighting us saying it was 'temporary' or 'beneficial'. They are congenital liars, as are you.
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment."
https://www.bls.gov/news.release/archives/cpi_02102021.pdf
2021: 4.7%, 2022: 8.0%, 2023: 4.1%
Trump's tariffs are unhelpful, but Biden-Harris kept them, so no difference.
There is a difference. Trump proposes a 200% tariff on John Deere.
Donald Trump has claimed that Kamala Harris’s economic plan would result in an economic depression on the scale of the Great Depression of 1929. However, a major element of his own economic plan is the imposition of high tariffs on imports, which would be much more likely to lead to a depression than anything Harris is proposing. And there’s historical proof of that.
The stock market crash of October 1929 is generally accepted as the event that began the Great Depression. However, the market had partially rebounded in the first half of 1930, before President Herbert Hoover signed into law the Smoot-Hawley tariff act in June of that year. That act increased tariffs by 20 percent on a wide range of industrial and agricultural products. It was a terribly misguided effort at protecting U.S. producers and reversing the depression. But its effect was to deepen and lengthen it and to spread it globally. From 1929 to 1933, global trade declined from $3 trillion to less than $1 trillion.
https://thehill.com/opinion/4916062-trump-harris-economic-plan/
More importantly, Trump is a convicted felon and rapist who falsely claims Haitians eat pets.
I won't pretend to be any kind of competent economist, however listening to the very best economists like Glen Loury and Larry Kotlikoff, one does get an appreciation for their gifts.
It goes without saying that Glenn makes good sense and I put that down to the fact that he is at heart an economic conservative. My opinion is in line with DJT and the MAGA Movement. GROW THE AMERICAN ECONOMIC PIE. Trime the regulatory agencies, note how the FAA is holding Space X in limbo, and costing the company millions of dollars. Tesla with 'Full Self Driving' and taxis; efficient / efficacious / economic base-power storage; cheap but fully functional and adequate range distance cars; global satallite capacity re reliable and higy quality communications; General AI assistance in the means of production; Neural link breakthroughs and Boring company
provision of safe / long distace travel. Provided the EVIL Democrats do not orchestrate a nuclear war to save their bacon, we may have a bright future.
This just in: Your government is corrupt and incompetent. Save yourself, because the government can't even save itself.
Kamala Harris: woefully ill-equipped to devise any kind of fiscal policy for the US. In other news: water is wet.
That isn't her plan, she doesn't have a plan.
That is just something they put on a teleprompter for her to read.
Her campaign recently put out an 83-page plan. It contains mostly hand-outs to various constituencies she is trying to court, i.e. it is completely political and likely never to be implemented as long as one house of Congress is controlled by Republicans.