Republicans are better at running the US economy

[Knobby22]

I remember posters were saying during last election that Republicans run the economy better and everyone should hope they win.

I notice that the US media still seem to not talk about the relaxation of credit and other decisions and Sarah Palin recently said that the controls for the financial industry should be further deregulated.

Look at how well the Australian banks have performed in comparison with excellent government regulation.

Just don't get how anyone can say the Republicans have done even a reasonable job. Just a total mess in my view.

 

[Nashezz]

Re: Republicans are better at running the economy

yes lol.

People same the same here about the Liberal government. It really is a joke and has been for a long time. A governments' financial competence has nothing to do with party, but with people.

 

[Smurf1976]

Re: Republicans are better at running the economy

A governments' financial competence has nothing to do with party, but with people.

We've got a classic example of that right here in Australia with state governments.

During the 1980's, Labor effectively bankrupted Victoria. At exactly the same time, the first ever majority Liberal government did the same thing in Tasmania.

Liberal fixed the mess in Victoria during the 1990's. Labor was elected in Tasmania and took the state from bottom of the heap to near the top in terms of economic performance.

The only real difference being that Tasmania still has it's publicly owned assets whereas to a large extent Victoria doesn't. The popular notion that privatisation is the answer having been disproven by Tasmania's success doing the opposite.

 

[2020hindsight]

Re: Republicans are better at running the economy

...The popular notion that privatisation is the answer having been disproven by Tasmania's success doing the opposite.

smurf - Privitisation is short term beneficial of course, ... but as you rightfully point out - it will be interesting to monitor this into the future.

Thanks for pointing out the Tasmanian situation to act as a benchmark ..

 

[prawn_86]

Re: Republicans are better at running the economy

I assume the thread starter is talking about the American economy, not the one in Aus....

 

[Smurf1976]

Re: Republicans are better at running the economy

I assume the thread starter is talking about the American economy, not the one in Aus....

Agreed. My point is simply that BOTH sides of politics messed up in Australia at the same time and both sides also fixed the mistakes of the other at the same time. Internationally it's much the same - the example is just an easy "close to home" one.

You could conclude from that example that Liberal AND Labor both support higher debt and both support lower debt. The common theme there not being who was in office, but when.

Same internationally in my opinion. Look what Labour has done in the UK whilst Republicans have done much the same in the US. It's when not who that matters in my view.

As for privatisation, that's another classic "when" example - it was fashionable and most western governments jumped on the bandwagon. Now they've either run out of things to sell or have survived perfectly well without selling at all.

 

[2020hindsight]

Re: Republicans are better at running the economy

... Look what Labour has done in the UK whilst Republicans have done much the same in the US. It's when not who that matters in my view. ...

:topic
and for that matter, Blair and Bush (Labour and Republican) talking each other into attacking Iraq (although in the end Bush said he was prepared to go alone if necessary)

 

[robert toms]

Maybe not relevant,but letter to Sydney Morning Herald yesterday said "and they told us that the unions were going to ruin the economy"

 

[blablabla]

Mr Bush is saying "we have to act now". A bit late, should have acted years ago.

"Republicans are better at running the US economy". True, they are better than pigs, dogs and many other animals. But the problem with the topic of this thread is it assumes that some politicians would be good at running large economies. Or maybe somebody mis-spelt "ruining" as "running", then this thread would make some sense.

Talking about republicans. McCain can't use a computer, can't use the internet and can't send emails but he would have voters believe that he can grasp the intricate complexities of economics. Another republican is Palin who is more stupid than a pitbull (because she herself says she is a pitbull with lipstick and no real pitbull would be stupid enough to wear lipstick instead of eating it).

 

[2020hindsight]

.....Or maybe somebody mis-spelt "ruining" as "running", then this thread would make some sense.

Talking about republicans. McCain can't use a computer, can't use the internet and can't send emails but he would have voters believe that he can grasp the intricate complexities of economics. Another republican is Palin who is more stupid than a pitbull (because she herself says she is a pitbull with lipstick and no real pitbull would be stupid enough to wear lipstick instead of eating it).

bla -
it would be funny if it wasn't such a disaster - only seriously old people can remember a worse outlook for the economy ..

btw, McCain doesn't pretend to know anything about the economy.

 

[IFocus]

This thread is surprisingly free of the R/Winger's

With out being sarcastic it must be hard saying you support free market function and then have to socialize the loses when it totally fails in the biggest fiasco ever just shows you cannot trust the RW to be RW

btw, McCain doesn't pretend to know anything about the economy.

Judging by the current out come neither GW or the neo's at least they are consistent

 

[chops_a_must]

This thread is surprisingly free of the R/Winger's

With out being sarcastic it must be hard saying you support free market function and then have to socialize the loses when it totally fails in the biggest fiasco ever just shows you cannot trust the RW to be RW

What choo talking about Willis?

We have always supported Socialism. We have always been at war with the free market.

 

[wayneL]

In light of recent events, I propose a change of the title of this thread from:

Republicans are better at running the US economy

To:

Republicans are better at ruining the US economy

:

 

[Knobby22]

They finally have control and they are like a dog who caught a car. Easy to oppose, hard to agree to do anything. Lincoln would be ashamed.

 

[Dona Ferentes]

The National Federation of Independent Business (NFIB) provides a Survey that has valuable insights into what is happening on Main Street, or to put it another way, what is happening in ‘Real America’ as opposed to Wall Street.

Wall Street spends most of its time on the big publicly listed companies that drive the performance of the key equity indices.

Furthermore, Wall Street doesn’t make any investment banking fees out of small businesses in Idaho, Wyoming, or Alabama.

The U.S Small Business Administration defines a small business as a firm with less than 500 employees…the great majority of small businesses have fewer than 100 employees.

There are currently about 33 million small businesses in the U.S, which employ nearly half of the American workforce and represent about 44% of GDP.

With all of this in mind the August NFIB Survey made interesting reading.

"The mood on Main Street worsened in August, despite last month's gains," said NFIB Chief Economist Bill Dunkelberg, "Historically high inflation remains the top issue for owners as sales expectations plummet and cost pressures increase. ..

"Uncertainty among small business owners continues to rise as expectations for future business conditions worsen."

On the link below, you can read more from the NFIB Survey:

https://www.nfib.com/surveys/small-business-economic-trends/

According to the NFIB, “The frequency of reports of positive profit trends was a net negative 37% (seasonally adjusted), seven points worse than in July and the worst since March 2010.”

The great majority of small business owners are registered Republican voters, and a Harris victory would further undermine small business confidence.

 

[Knobby22]

Share market in the USA and Australia has risen since the Democrats have become favourites.
As history has shown, the USA stock market does better under the Democrats.
Trump this time is promising policies to create high inflation- which are bad for the stock market. Hence his losing is a big plus.

New record for Australia this week. USA stocks below.

 

[qldfrog]

Share market in the USA and Australia has risen since the Democrats have become favourites.
As history has shown, the USA stock market does better under the Democrats.
Trump this time is promising policies to create high inflation- which are bad for the stock market. Hence his losing is a big plus.

New record for Australia this week. USA stocks below.

View attachment 184583

Indeed Trump losing, more money for the big pharma and military complex, more laundry in Ukraine and EU collapse,more wars, more illegal migrants and less middle and working class, great for wall street and the wef indeed.
Less for America and Americans
But what is good for wall street is good for the world..well known...

 

[Value Collector]

Share market in the USA and Australia has risen since the Democrats have become favourites.
As history has shown, the USA stock market does better under the Democrats.
Trump this time is promising policies to create high inflation- which are bad for the stock market. Hence his losing is a big plus.

New record for Australia this week. USA stocks below.

View attachment 184583

I think thats because if you actually look at the Dems policies, they are actually better for the average American, and that means its good for America as a whole.

Not to mention that there just seems to be a changing of the tide, and many Traditional/centre republicans seem to be turning against the polarised politics of the trump era and are going to be willing to switch sides to send a message to their party that they want a change.

 

[divs4ever]

I think thats because if you actually look at the Dems policies, they are actually better for the average American, and that means its good for America as a whole.

Not to mention that there just seems to be a changing of the tide, and many Traditional/centre republicans seem to be turning against the polarised politics of the trump era and are going to be willing to switch sides to send a message to their party that they want a change.

theoretically they would be IF the Dems ever delivered

but the reality is the Dems rely on the ghettos they create for voter support ( just like the ALP in Australia )

and Malcolm X told the Americans ( especially the Negroes ) that back in the '70's

hence Joe Biden's quote ,' if you don't vote Democrat you ain't black '

ask California how Democrat policies are working out for them , or maybe New York might be a more favorable response

 

[Value Collector]

theoretically they would be IF the Dems ever delivered

but the reality is the Dems rely on the ghettos they create for voter support ( just like the ALP in Australia )

and Malcolm X told the Americans ( especially the Negroes ) that back in the '70's

hence Joe Biden's quote ,' if you don't vote Democrat you ain't black '

ask California how Democrat policies are working out for them , or maybe New York might be a more favorable response

Ask anyone that has had to file for bankruptcy because they were unlucky and got cancer how republican policy is working for them, or the victims of he school shootings etc.

I am not interested in talking on this topic to much, in general I lean conservative myself on a lot of topics and left on others, I am pretty much a centrist.

However in the USA the Dems are much closer to centre than the republicans at the moment, and lots of traditional republicans starting to feel that way.