Quote:
Originally Posted by upthecreek View Post
Why because the country is doing so well?
Unemployment at a 17 year low
Dow up 5000 for 2017-1st time
Nasdaq and S&P at record highs
New home sales at a 10 year high
45 year low in illegal immigration
1.5 million fewer people on food stamps today as compared to last Jan.
Record Xmas spending season
Back to back 1/4's of 3+% growth?
80% of Americans going to see a tax cut this year?
Quote:
Originally Posted by zico20
That is EXACTLY why Democrats will vote against Trump, they can't stand prosperity. They will attempt to convince independents that this is actually bad for them.
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Take a step back for a moment. George Bush Sr. lost his re-election bid for president because of the economy. Remember Bill Clinton's mantra -- "It's the economy, stupid."
Clinton did a decent job economically and the gov had a surplus from 1998-2001.
Bush Jr. got elected and at the end of his term the economy was in a shithole. Remember the Great Recession of 2007-2009?
Obama got elected because it's the economy, stupid.
The stock market boomed under his tenure from 2009-2016. There were also a couple of rounds of Quantitative Easing -- money printing. Economists say it takes 12-24 months from the time QE is put into place until the money works it way into the economy through spending and investment. Remember, the biggest fear of the FED was deflation which could lead to another Great Depression. So QE was seen as a way to stimulate the economy and bring on inflation.
It worked. By the end of Obama's term the economy was starting to fly and the stock market was at an all time high. This was a perfect setup for Hillary. It's the economy, stupid. Except she blew it.
Had she got elected the economy still would have been booming. Credit to Trump for keeping it going. So no knocks on him as far as the economy goes.
So when you say Democrats can't stand prosperity, you're showing your bias. Everyone loves prosperity. Remember -- It's the economy, stupid.
As long as Trump keeps the economy humming along he will get re-elected. But if the economy falters don't expect republicans to keep supporting him. It really is all about the economy. Politics is economics.
