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  1. #1
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    Default Republicans Take Credit For Democrat Economic Growth

    The new Senate majority leader, Mitch McConnell, suggested earlier today that the Republican Party deserves credit for recent data showing that the economic recovery has picked up speed. As ridiculous as that statement is, at least it is intellectually consistent with the party’s past statements. After the financial crisis, Republicans said President Obama had hurt the economy by (occasionally) criticizing Wall Street bankers for their misdeeds.

    Now, Mr. McConnell is claiming credit for a recovery based solely on the fact that Republicans have just taken control of both houses of Congress, even though the year has barely begun and they have not yet passed any bills.

    Here’s what Mr. McConnell said on the floor this morning:

    “After so many years of sluggish growth, we’re finally starting to see some economic data that can provide a glimmer of hope. The uptick appears to coincide with the biggest political change of the Obama Administration’s long tenure in Washington: the expectation of a new Republican Congress.”

    DNC to McConnell: Hahahahahahahahahahaha.

    That Mitch McConnell is one funny guy. He likes to remind people all the time that he’s not a scientist. Now we know he’s not a mathematician or an economist either. The fact is, under President Obama we’ve had 57 straight months of private sector job growth leading to nearly 11 million jobs added. All Republicans have given us is a government shutdown that cost the economy $24 billion. I get why he wants to take credit for the economic recovery. But maybe he should first do something to help contribute to it.”

    Here are the facts:

    •The US has had 57 straight months of private sector job growth, adding nearly 11 million jobs. [White House, 12/5/14]
    •In the third quarter of 2014 the GDP rose an astonishing 5.0%. [Business Insider, 12/23/14]
    •Gas prices are headed to their lowest levels in 11 years which is expected to save the average American family $550 next year. [Syracuse.com, 12/16/14].
    •In November, we saw the highest single month of job creation in three years. [Business Insider, 12/5/14]
    •The unemployment rate is at its lowest level since 2008, before President Obama took office. [USA Today, 11/7/14]
    •Consumer confidence has reached a seven-year high. [Bloomberg, 12/18/14]

    Oh, hell no, said Jon Stewart on Thursday evening’s edition of “The Daily Show.”

    “Oh, come on! You’ve been in control of the Senate for two days!” Stewart said. “Unless my calendar is broken, Senator, which is possible, since I bought it at a discount calendar factory, the general economic improvement trend started before the November elections.”

    “Thankfully, the Republican Senate majority under Mitch McConnell came to our rescue and saved the economy retroactively,” Stewart continued. “It’s easy to assume that Mitch McConnell is saying that people felt so inspired by the moment, he switched the nameplate on his office door, then he invented time travel and went back to 2009 and started spending and hiring again, but the truth is actually much simpler. The truth is this, and it’ll blow your minds: If you rub Mitch McConnell’s shell, you will receive five years of business growth.”

    http://takingnote.blogs.nytimes.com/...omic-recovery/

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    05.16.15 @ 10:42 AM
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    McConnell is the worst sort of politician you could ever fathom. He is exactly what is wrong with our government. The economy has grown in spite of Republican efforts to prevent that from happening. Republican economic policies, when they exist and are applied, fail every time and send us into long-term recessions.

    President Obama has been anything but perfect, but his economic approach has been fairly pragmatic. Had the obstructionists gotten the fuck out of the way, this economy would be more fair and much healthier than it already is in January 2015. We should have been building bridges, new power grids, investing in high speed rail, new dams and levies, renewable energy, education...the list goes on.

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    It's not really what he said but the author/poster will twist words to fit their narrative. Saying the growth coincides with the change isn't the same as saying the change caused the growth.
    There is also always job growth in the 4th quarter. It's called seasonal employment. It's about to end and the unemployment rate is about to go up.

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    12.17.17 @ 11:18 PM
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    Default

    Economy is pretty good. If the President's skin color was different, I'm wondering if he would get more credit for it. Just saying.
    Little Dreamer

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    Quote Originally Posted by Little Dreamer View Post
    Economy is pretty good. If the President's skin color was different, I'm wondering if he would get more credit for it. Just saying.
    Presidents have little impact on the economy. They take too much of the blame and will want too much of the credit.

    If people want to believe this is a party thing then they will miss out on the next chance to make their retirement a pleasant experience.

    On a side note it is funny that increased US oil production is now something the hard left wants credit for.

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    Quote Originally Posted by Arson View Post
    On a side note it is funny that increased US oil production is now something the hard left wants credit for.
    True. Dems/Obama have fought tooth and nail against any sort of production upswing. Not that I'd give republicans much credit either.

    But McConnell is a funny guy. Always good for a few laughs.
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    Republicans, Democrats, Independents, people who don't give a shit about politics.......we all in one way or another have helped shaped this country (good or bad).
    Politicians just bother me with all their yapping and no doing.

    On a different note, with the gas prices falling like crazy, how come nobody is giving Obama credit after giving him shit when it was above $4
    I say that because I know a few people who post a lot of stuff on Facebook blaming Obama about the gas prices.
    Who cares who is President, I like the cheaper gas.
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    I've done well in investments since the bottom in 08. I'm cashing out now and not being greedy then wait til the next crash to get back in. I wish savings rates and investment grade bond rates were higher. ACA needs to be tweeked but it's good you can get health insurance if your sick or want to retire. Gas is moving down but we are not seeing the corporations lowering prices to the consumer because of it. Then there is the giant gorilla in the room who eats debt to 18 trillion. Some day that's going to blow like a volcano.
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    If anybody thinks our economy is doing well then they are an idiot. That explains why we have Republicans and Democrats in Congress. Wages are stagnant, true unemployment is way too high and we are still printing money. Now Obama wants to put everybody through Community College while unemployment for undergrads is at an all time high.

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    Quote Originally Posted by Little Dreamer View Post
    Economy is pretty good. If the President's skin color was different, I'm wondering if he would get more credit for it. Just saying.
     "He has a swaggering retro machismo that will give hives to the Steinem cabal" -Camille Paglia on Donald Trump

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    Quote Originally Posted by Little Dreamer View Post
    Economy is pretty good. If the President's skin color was different, I'm wondering if he would get more credit for it. Just saying.
    Absolutely right.

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    Quote Originally Posted by sickman View Post
    It's not really what he said but the author/poster will twist words to fit their narrative. Saying the growth coincides with the change isn't the same as saying the change caused the growth.
    There is also always job growth in the 4th quarter. It's called seasonal employment. It's about to end and the unemployment rate is about to go up.
    I didn't twist anything - it's exactly what the article and quotes within the article state. Numerous media sources are commenting on the same thing. Mitch is acting like Republicans came in and saved the day.
    Last edited by Hot Sauce; 01.10.15 at 07:59 AM.

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    Quote Originally Posted by Hot Sauce View Post
    I didn't twist anything - it's exactly what the article and quotes within the article state. Numerous media sources are commenting on the same thing. Mitch is acting like Republicans came in and saved the day.
    No, the media is twisting what he said to fit their narrative. They are the ones saying that he said republicans saved the day. He didn't say it. If he said the air temperature was a perfect 80 degrees today in Florida the media would report it as House Republicans claim to have fixed global warming.

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    Quote Originally Posted by sickman View Post
    No, the media is twisting what he said to fit their narrative. They are the ones saying that he said republicans saved the day. He didn't say it. If he said the air temperature was a perfect 80 degrees today in Florida the media would report it as House Republicans claim to have fixed global warming.
    All you need to do is look at his quote. There is no twisting going on here. The economic growth has NOTHING to do with a new Republican Congress. If Republicans lost the election in November, it wouldn't change a single thing regarding the economic growth. So there is nothing to coincide with.

    “After so many years of sluggish growth, we’re finally starting to see some economic data that can provide a glimmer of hope. The uptick appears to coincide with the biggest political change of the Obama Administration’s long tenure in Washington: the expectation of a new Republican Congress.”

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    Quote Originally Posted by Hot Sauce View Post
    All you need to do is look at his quote. There is no twisting going on here. The economic growth has NOTHING to do with a new Republican Congress. If Republicans lost the election in November, it wouldn't change a single thing regarding the economic growth. So there is nothing to coincide with.

    “After so many years of sluggish growth, we’re finally starting to see some economic data that can provide a glimmer of hope. The uptick appears to coincide with the biggest political change of the Obama Administration’s long tenure in Washington: the expectation of a new Republican Congress.”
    You say it had no impact on the economy based on your economics background?

 

 

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