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Offline mystery-ak

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Can Joe Biden save the economy?
« on: March 11, 2020, 08:17:18 pm »
Can Joe Biden save the economy?
By Steve Israel, opinion contributor — 03/11/20 04:00 PM EDT

Politics is riddled with ironies. It rhymes in poetic justice. So if Joe Biden wins the nomination, and if he is elected president, he could then find himself in the position of rescuing the economy for the second time.

The first time, of course, was in 2009 when the Great Recession ravaged jobs, financial markets, and retirement accounts, and home foreclosure signs sprouted like dandelions in suburban neighborhoods. The Obama administration spent two years of its first term in crisis mode, pulling the automobile industry from the brink of certain bankruptcy, propping up financial markets, and passing a much maligned stimulus program. The result was a slow but steady recovery from disaster in the economy.

The second time would come if he is elected in the midst of an economy reeling from the impacts of the coronavirus. This is not the fall of 2008, when the last financial crisis yanked the economy into a spiral, but it sure does feature some reminders. The early signs are concerning. The stock market has been swinging wildly. Five minutes after the open this week, trading was halted after the stock market plummeted. The S&P 500 fell almost 20 percent in only weeks. Such a “free fall” has “vaporized more than $5 trillion in stock market wealth,” the New York Times has written.

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https://thehill.com/opinion/finance/487059-can-joe-biden-save-the-economy
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Offline XenaLee

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Re: Can Joe Biden save the economy?
« Reply #1 on: March 11, 2020, 08:27:53 pm »
Quote from: mystery-ak on March 11, 2020, 08:17:18 pm
Can Joe Biden save the economy?
By Steve Israel, opinion contributor — 03/11/20 04:00 PM EDT

Politics is riddled with ironies. It rhymes in poetic justice. So if Joe Biden wins the nomination, and if he is elected president, he could then find himself in the position of rescuing the economy for the second time.

The first time, of course, was in 2009 when the Great Recession ravaged jobs, financial markets, and retirement accounts, and home foreclosure signs sprouted like dandelions in suburban neighborhoods. The Obama administration spent two years of its first term in crisis mode, pulling the automobile industry from the brink of certain bankruptcy, propping up financial markets, and passing a much maligned stimulus program. The result was a slow but steady recovery from disaster in the economy.

The second time would come if he is elected in the midst of an economy reeling from the impacts of the coronavirus. This is not the fall of 2008, when the last financial crisis yanked the economy into a spiral, but it sure does feature some reminders. The early signs are concerning. The stock market has been swinging wildly. Five minutes after the open this week, trading was halted after the stock market plummeted. The S&P 500 fell almost 20 percent in only weeks. Such a “free fall” has “vaporized more than $5 trillion in stock market wealth,” the New York Times has written.

more
https://thehill.com/opinion/finance/487059-can-joe-biden-save-the-economy

B (effing) S!

The DemocRats are the ones that melted down the economy in 2008 and they're trying (hoping) to do it again with the same end results.   

Let's not let them.

And Biden didn't rescue a damned thing except his and his family's bank accounts.
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Offline musiclady

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Re: Can Joe Biden save the economy?
« Reply #2 on: March 11, 2020, 08:30:17 pm »
From his own party and his own policies, which are the greatest threat to our economy?

I think not......
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Offline LMAO

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Re: Can Joe Biden save the economy?
« Reply #3 on: March 11, 2020, 11:23:21 pm »
Even the Obama Administration admitted the stimulus didn’t have any impact on the economy

Biden was predicting a summer of recovery and claimed the stimulus would create at least a half a million jobs a month. It didn’t and we had one of the worst post WW2 recoveries under his and BHO’s watch

The writer is engaging in a slight bit of revisionism
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Offline Cyber Liberty

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Re: Can Joe Biden save the economy?
« Reply #4 on: March 12, 2020, 12:07:58 am »
The article is typical from The Hill.  Wall-to-wall hagiography of Democrats. *****rollingeyes*****
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Offline libertybele

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Re: Can Joe Biden save the economy?
« Reply #5 on: March 12, 2020, 12:18:28 am »
Oh ... I thought I was in the Biden jokes thread.  :shrug:     :rolling:
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Offline goatprairie

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Re: Can Joe Biden save the economy?
« Reply #6 on: March 12, 2020, 03:29:28 am »
Obama "saving" the economy after the Dem-caused crash in 2008 reminds of the people who still think FDR's socialist, unconstitutional policies brought the country out of The Great Depression.
Most honest appraisals of his actions during the thirties estimate that they delayed recovery by about five years. After five years of The New Deal policies the economy was actually worse than when he started.
It took WWII to bring the country out of the depression.
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Online catfish1957

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Re: Can Joe Biden save the economy?
« Reply #7 on: March 12, 2020, 04:03:22 am »
Save?

More apt term for an additonal 4 yrs of Obama/Biden would be "Death Knell".

Never been a gold bug, but Slow Joe would be forcing many common sense investors in that direction.
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