basilico:


Which president had a more poor recession recovery than Obama

ribbit:
Salford check out this interview though.

Oladegbu or what's his id should too.

Jordan keppler finished the job as usual.

https://twitter.com/TheDailyShow/status/1301143085519380484?s=19

Bluebyrd:
Joe Biden: COVID has taken this year, just since the outbreak, has taken more than 100 years. Look, the lives, when you think about it, more lives this year than any other year for the past 100 years,”

Even While Using A Teleprompter, Biden Can’t Keep His Thoughts Straight.


https://www.youtube.com/watch?v=dHKaSbQ7CLo

https://www.dailymail.co.uk/news/article-8688775/Gaffe-prone-Joe-Biden-struggles-impact-COVID.html

basilico:

Hey Let him feel welcome when he takes the plunge and joins us Sonoflincoln will skin him alive.

AbdulSleeky:



That someone could make this foolish statement and 4 other people could like the statement shows how dumb black republicans/conservatives are.

Context.

1. The important fact is that the economy recovered under obama and it was Bush's reign that saw the collapse of the American economy

2. Obama had one of the longest recessions since the 70s

3. Modern day inflation and many other macro-economic factors.

To argue that Obama had the worst recession recovery is to argue blindly over something meaningless. Just consider points 2 and 3, then see how it makes sense that Obama's recovery took longer.

feedthenation:
New Quinnipiac national poll:
Biden 52% Trump 42%

Whites with college degrees 63% Biden, 32% Trump
Whites without college degrees 35% Biden, 61% Trump
Blacks 83% Biden, 11% Trump
Hispanics 56% Biden, 36% Trump
Age 18-34 63% Biden, 27% Trump
Age 65+ 50% Biden, 46% Trump
Men 48% Biden, 47% Trump
Women 56% Biden, 39% Trump

feedthenation:
Battleground states, Fox News

pryme:


Honestly your comprehension skills is worse than i thought.

I said Obama had the worst recession recovery in modern day America, you said that was a dumb statement.
And what did you reply with? Look at your post, the paragraph in bold letters, you only confirm what I said.

Context?
Are you saying America never went through recession before? If they did how long did it take them to come out of recession. Compare that with how long it took Obama and prove me right again.

sexylassie2:
Nancy pelosi, the Democrat telling everyone to wear a mask was seen without a mask in a hair salon

Democrats and hypocrisy

https://www.google.com/amp/s/www.bbc.com/news/amp/world-us-canada-53994209

salford:

Very cringeworthy. I do not know whether to feel sad or laugh watching the interview. What a shame. Christianity has been bastardized by these cons and fakes.

AbdulSleeky:



Can you not read?

Obama faced the longest recession since the 70s. The recession even started a full year before Obama entered office. (December 2017 to Nov 2018)

There are many other reasons for Obama's recovery to be difficult. Modern inflation compared to the inflation of the last recessions in 70s and 80s.

Nevertheless, Onama brought the economy back to growth.

You are here blaming Obama when he solved one of the worst financial crises caused by your Republican President Bush.

obixcel:
She claimed it was a Set up, Lol, u mean a diabolical set up to bring down the Speaker of the House by blow-drying her hair? Bahahahaha I almost fell off my couch

ribbit:
Salford check out this interview though.

Oladegbu or what's his id should too.

Jordan keppler finished the job as usual.

https://twitter.com/TheDailyShow/status/1301143085519380484?s=19

pryme:


You only confirmed Obama had the worst recession recovery.
Stop running from pillar to post, you are quick to blame Trump for the riots and Covid-19 because he is the current president,
But you absolve Obama when he was the President that presided over the worst recession recovery, now it's Bush fault.

You people eat and sleep double standards.

Futuragetty:
I think at this point a lot of Trump-supporters who know better have sacrificed so much to defend him
(friendships, familial relationships, their own principles, etc) that they will vote for him just to make all that seem worth it. It’s not. And it’s not too late to just let that sh*t go. You don't owe anyone an explanation. Just quietly let it go.

I can't wait to get this clueless APC government out of the Aso villa.

feedthenation:
Fox News Poll: Biden tops Trump among likely voters in key states

https://www.foxnews.com/official-polls/fox-news-poll-biden-tops-trump-among-likely-voters-in-key-states


Democrat Joe Biden is ahead in three key states that President Donald Trump won in 2016, according to new Fox News statewide surveys of Arizona, North Carolina, and Wisconsin.

Support for reelecting Trump falls below his 2016 vote share in each state. At the same time, there’s room for improvement, as more voters approve of his job performance than back his reelection.

Biden’s advantage comes from strong support among women and suburban voters. Moreover, suburban women in all three states trust Biden over Trump to handle coronavirus and policing/criminal justice.

Interest in the election is roughly the same among both Biden and Trump supporters.

In all three states, a sizeable number of voters plan to cast their ballot by mail -- and in each state, many more Democrats than Republicans plan to do so.

The surveys, conducted after both national conventions ended, include results among likely voters for the first time this cycle. This is also the first time the presidential vote preference question includes the names of both the presidential and vice presidential candidates -- plus the Libertarian and Green Party candidates are now included when they are on the state’s ballot. These differences mean no apples-to-apples comparison to past survey results.

While Election Day is two months away, voters can request and return absentee ballots starting this week in North Carolina and mid-September in Wisconsin. In Arizona, absentee ballots are available early October.

Conducted August 29-September 1, 2020 under the joint direction of Beacon Research (D) and Shaw & Company (R).

ZooOga:
MABA- Make America Broke Again

ECONOMY
U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II

https://www.wsj.com/articles/u-s-debt-is-set-to-exceed-size-of-the-economy-for-year-a-first-since-world-war-ii-11599051137


Federal Borrowing Amid Pandemic Puts U.S. Debt on Path to Exceed World War II
Federal debt, as a share of the economy, hit 98 percent in the 2020 fiscal year. Many economists are pushing lawmakers to add even more to it.


The amount of U.S. government debt has grown to nearly outpace the size of the nation’s economy in the 2020 fiscal year.
The amount of U.S. government debt has grown to nearly outpace the size of the nation’s economy in the 2020 fiscal year.Credit...Amr Alfiky/The New York Times

By Jim Tankersley
Sept. 2, 2020

WASHINGTON — A surge in government borrowing in the face of the pandemic recession has put the United States in a position it has not seen since World War II: In order to pay off its national debt this year, the country would need to spend an amount nearly as large as its entire annual economy.

And still, economists and many fiscal hawks are urging lawmakers to borrow even more to fuel the nation’s economic recovery.

The amount of U.S. government debt has grown to nearly outpace the size of the nation’s economy in the 2020 fiscal year and is set to exceed it next year, as the virus downturn saps tax revenues, spurs government spending and necessitates record amounts of federal borrowing, the Congressional Budget Office said on Wednesday. Federal debt, as a share of the economy, is now on track to smash America’s World War II-era record by 2023.

The budget office report underscored the scrambled politics of deficits in 2020: It showed debt held by the public climbing to 98 percent of the size of the economy for the fiscal year ending Sept. 30. Forecasters had previously expected the nation to reach those levels at the end of the decade, a time frame that had already alarmed fiscal hawks in Washington, who warned ballooning deficits would consume federal budgets and chill private investment.

But the virus has upended those predictions, prompting even longtime champions of fiscal prudence to urge lawmakers on Wednesday to keep borrowing more for the time being, in order to help people and businesses survive the lingering pain of a sharp recession and now-slowing recovery.

“We should think and worry about the deficit an awful lot, and we should proceed to make it larger,” said Maya MacGuineas, the president of the Committee for a Responsible Federal Budget in Washington, which has for years pushed lawmakers to take steps to reduce deficits and debt.


The turnabout on deficit fears caps several years of declining concern over Washington spending more than it takes in, particularly among Republicans. Lawmakers voted along party lines in 2017 to pass a $1.5 trillion tax cut that President Trump and Republican leaders insisted would pay for itself but has instead added to the deficit. The budget deficit surpassed $1 trillion in 2019 — before the coronavirus pandemic hit — a jump of 17 percent from 2018 as tax cuts and spending increases continued to force heavy government borrowing.

The pandemic has plunged the economy into its sharpest quarterly contraction in growth in nearly 75 years, ballooning the deficit in the process. With millions out of work and businesses shuttered, tax revenues have fallen for the federal government, along with states and municipalities.

Congress and Mr. Trump moved quickly to approve more than $3 trillion in new federal spending to help businesses and individuals stay afloat through the abrupt slowdown in economic activity. All of those factors necessitated large sums of government borrowing, sending deficits — which had grown steadily even in the middle of a record economic expansion — skyward.

The deficit — the difference between what the United States spends and what it earns through taxes and other revenue — is expected to reach $3.3 trillion for fiscal year 2020, the budget office said on Wednesday. That is more than triple the level it reached in the 2019 fiscal year.

That financial gap is exacerbated by additional borrowing over the past decades. At the end of the fiscal year, the budget office predicts, total debt held by the public will be about $20.3 trillion. By comparison, the total output of the American economy — its gross domestic product — is projected to be just over $20.6 trillion for the fiscal year.

Economic theory has long held that rising debt as a share of the economy would drive up the amount of money governments must pay in interest to borrowers. Like a household with a lot of loans, the theory went, creditors would demand higher interest rates to hand cash to a heavily indebted borrower. With its debt payments more expensive, the household — or government — would have to borrow even more to stay current on its obligations.

That would result in a debt spiral in which the government was not able to do anything but fund its debt, the economists said, though such a spiral did not materialize over the past decade, as debt climbed and interest rates stayed low.

Because the pandemic hit the economy so quickly and painfully this year, lawmakers raced to borrow money much faster than they did during the last recession, when it took two years for the debt ratio to climb by a similar amount, in percentage-point terms: Debt as a percent of gross domestic product grew from 39 percent at the end of the 2008 fiscal year to nearly 61 percent at the end of 2010.

But it has been decades since the amount of federal debt was larger than the sum of the nation’s annual economic output. That came in 1946, shortly after the war ended.

The fiscal woes are not just confined to the United States’ need to borrow. In a separate report released on Wednesday afternoon, the budget office updated its forecasts for the solvency of the Social Security Trust Fund, showing it will run out of money faster than the office previously forecast in June.

The new estimates imply the fund will be exhausted by 2031, a year earlier than previously projected, forcing immediate benefit cuts, unless lawmakers intervene. Medicare’s hospital insurance trust fund is now on track to run out of money in 2024, instead of 2026.

The aggressive federal response to the pandemic in March resulted in trillions of dollars in additional government spending, as Washington looked to provide tax breaks, assistance for small and large businesses, direct checks for low- and middle-income individuals and supplemental benefits for the unemployed.

Those measures were widely supported, as millions of workers were suddenly unemployed and businesses were forced to close their doors. Most economists have continued to call for additional spending, as the pandemic shows no sign of abating.

Loretta Mester, the president of the Federal Reserve Bank of Cleveland, who has warned about previous deficits, told reporters on Wednesday that her own forecasts for the economic recovery hinge in part on continued fiscal support, and that without it, the United States might struggle to make it through shutdowns and onto a sustained growth path.

While Ms. Mester said that she was “not one of those people who think that deficits don’t matter,” the United States cannot worry about loading up on debt in the middle of a nascent recovery.

“This isn’t the right time to have that conversation,” she said.

In a sign of how unconcerned investors are about the deficit, stocks rose on Wednesday, with the S&P 500 rising 1.5 percent to set another record. It was the index’s best day since July 6.

Republican lawmakers who were little troubled by the increase have since cited debt concerns as a reason to move slowly on a new package of economic assistance amid the pandemic. Democratic leaders in the House drafted and passed a $3 trillion opening bid for a new rescue package this week, but they pared it back and dropped some members’ top priorities from the bill out of deficit concerns.

Yet while Mr. Trump, as a candidate in 2016, famously pledged to pay off the entire national debt in eight years, he and his fellow speakers during this year’s Republican National Convention did not raise the deficit issue at all. Mr. Trump’s most recent budget proposal, offered before the pandemic spread rapidly in the United States, did not include a balanced budget even if he were to win re-election.

For decades, analysts argued that an explosion of government borrowing risked devouring a large part of the nation’s savings, leaving less cash available for private businesses to use for investment.

Those companies would then be forced to pay higher interest rates to gain access to that smaller pool of funds. And those higher borrowing costs, it was argued, would curtail investment and hurt economic growth. The process is known as “crowding out,” and there is no sign that it is happening now. Interest rates remain low and inflation is muted.

“We’re in an era where more government debt is not doing so much crowding out,” said Douglas Elmendorf, a former director of the Congressional Budget Office and the current dean of Harvard’s John F. Kennedy School of Government.

“I think the idea that we should not let the debt constrain our response to the pandemic is exactly right,” he said. “But I think the idea that it never matters how much debt you have, because there’s always some way around that, is wrong.”

Even some fiscal hawks, like Ms. MacGuineas and Michael A. Peterson, the chief executive of the debt-focused Peterson Foundation, say lawmakers should continue to spend for now, while targeting their efforts more effectively to help the economy recover. Eventually, they say, that spending will need to yield to debt reduction.

“When this devastating pandemic is behind us,” Mr. Peterson said, “our leaders must come together to address our growing debt so the next generation can have better preparedness and greater prosperity.”

Matt Phillips and Jeanna Smialek contributed reporting.

Jim Tankersley covers economic and tax policy. Over more than a decade covering politics and economics in Washington, he has written extensively about the stagnation of the American middle class and the decline of economic opportunity. @jimtankersley
https://www.nytimes.com/2020/09/02/business/us-federal-debt.html

AbdulSleeky:



Ogbeni, Obama is a saint and a genius when compared to trump.

[Obama is

-faithfull to his wife (never cheated)
-never said anything racist
-worked with both Republicans and democrats (didnt divide the country)
-killed Bin Laden

sexylassie2:



Are polls election? You need to ask yourself that

Dr. Atlas is a perfect example of the incestuous relationship between Faux News and this so-called president. Like Bully Barr, Dr. Atlas was paraded on that propaganda channel for the specific purpose of giving Trump yet another henchman to do his dirty work. After all, the charlatan that Trump found to tout herd immunity turned out be a complete bust. No worries, Faux found a talking head, an empty degree in a white coat, to carry the torch.

What I wonder is how does Rupert Murdoch sleep at night? He is not a stupid man; surely he knows how many people will die if the unproven theory of herd immunity is actually employed in this country. Does he not care that by manipulating a malleable and ill-informed president he has contributed to the deaths of hundreds of thousands of innocent human beings? Does he not care millions more may die?

Politics aside, I cannot understand how all these men, from Trump to Atlas to Hannity/Carlson/Limbaugh/Murdoch live with the knowledge of what their conduct has caused. The person who stuck with me from the DNC was the woman who said,"My father's only pre-existing condition was that he believed Donald Trump." What a tragedy that her father died because of his lies. How many more people must die?

When the reckoning comes due, I believe these liars and deniers must be held responsible for their willful conduct. These are not innocent mistakes and this isn't merely speech. This is negligent homicide.

DissTroy:

Let me show you a quick practical example of the Leftist Conspiracy:

Local-search "Nancy Pelosi" right now on Twitter. All the results and mentions you'd see are of Left-leaning pundits praising her. All posts criticizing her have been suppressed by Twitter. Even influential Republican critics like Dan Bogino, Candace, Charlie Kirk and even Trump's with millions of followers whose posts get millions of engagements on their tweets have been shadow-banned.
To actually see Republican tweets criticize Nancy Pelosi, you have to search each account out or follow mutual retweets.

They demonized Trump for not wearing a massive but are praise Nancy for breaking her own rules.

Just try it out. Twitter is tampering with the election just like Google is suppressing anti-Left search results.

Facebook demonetized Candace Owens' Facebook page three weeks ago and shadow-banned her for calling out Kamala Harris for declaring she's Native American when running for Senate then switching to become black when running as VP, flagging the criticism as false (Candace shared proof).

DissTroy:


You have selective amnesia or worse? Obama as a comparative saint to anyone?

Same Obama who destroyed and fueled the destruction of the Middle East using the Arab Spring bait?

Same Obama who killed Ghadaffi?

Same Obama who allowed USA soldiers die needlessly in Benghazi when they could have been saved because he didn't want to offend his ISIS friends?

Same case Killary Clinton had to testify for when she was caught deleting emails and her emails were leaked making her and Obama complicit in these crimes?

Same Obama who was paying Iran billions of dollars and didn't tame them from making nuclear weapons?

Same Obama who has admitted that he made a grave mistake dabbling into the Middle East isuues and Libya was his greatest mistake?

Same Obama who refusing to call ISIS, Al Qaeda and the likes terrorists?

Same Obama who is directly and indirectly responsible for Boko Haram moving from being a ragtag group to the second most dangerous terror group in the world because of the weapons he allowed militia groups have access to from the pillaged Benghazi and arming these terrorists?

How dare you lie about a fact that has been admitted over and over again in this internet again of global connectivity and quick access to information?!

salford:

considering Trump and you lots of trumptards are the one celebrating and masturbating over the orange turd tiny gains at the polls

budaatum:
https://www.nytimes.com/2020/09/02/us/politics/trump-scott-atlas-coronavirus.html