• Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Status
Not open for further replies.

FollowTheWay

Well-Known Member
Site Supporter
Yes, after vetoing the Welfare bill twice before, he finally saw he would not be able to sustain it a third time, so he caved in.
It's called working with the other party but that's something the Republicans haven't done in a long, long time. It's the only way our Democracy can work.

The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) is a United States federal law passed by the 104th United States Congress and signed into law by President Bill Clinton. The bill implemented major changes to U.S. social welfare policy, replacing the Aid to Families with Dependent Children (AFDC) program with the Temporary Assistance for Needy Families (TANF) program.

The law was a cornerstone of the Republican Party's "Contract with America," and also fulfilled Clinton's campaign promise to "end welfare as we know it." AFDC had come under increasing criticism in the 1980s, especially from conservatives who argued that welfare recipients were "trapped in a cycle of poverty." After the 1994 elections, the Republican-controlled Congress passed two major bills designed to reform welfare, but they were vetoed by Clinton. After negotiations between Clinton and Speaker of the House Newt Gingrich, Congress passed PRWORA and Clinton signed the bill into law on August 22, 1996.
 

InTheLight

Well-Known Member
Site Supporter
It's called working with the other party but that's something the Republicans haven't done in a long, long time. It's the only way our Democracy can work.

Vetoing a bill two times in a row and seeing you couldn't get away with it so sign it on the third attempt, is what you call "working with the other party"? LOL!

The Republicans crushed the Democrats in the 1994 mid-term elections running on The Contract with America. Clinton knew the people wanted welfare reform, yet he vetoed the bill twice.
 

FollowTheWay

Well-Known Member
Site Supporter
Vetoing a bill two times in a row and seeing you couldn't get away with it so sign it on the third attempt, is what you call "working with the other party"? LOL!

The Republicans crushed the Democrats in the 1994 mid-term elections running on The Contract with America. Clinton knew the people wanted welfare reform, yet he vetoed the bill twice.
It was a campaign promise he fulfilled. I'm still waiting for Trump to do that.
 

Adonia

Well-Known Member
Site Supporter
How Barack Obama rescued the US economy
Subscribe to read | Financial Times

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
Subscribe to read | Financial Times

The starting point must be with Mr Obama’s inheritance: the economy was in free fall in early 2009. As the report notes, perfectly correctly: “It is easy to forget how close the US economy came to an outright depression during the crisis. Indeed, by a number of macroeconomic measures . . . the first year of the Great Recession . . . saw larger declines than at the outset of the Great Depression in 1929-30.” Responsibility for the successful recovery does not rest with this administration alone: the administration of George W Bush was responsible for the immediate response (though bearing some responsibility for the severity of the crisis); the US Federal Reserve acted effectively; and Congress passed important legislation. Yet, shockingly, most congressional Republicans opposed all significant monetary, financial and fiscal actions taken to deal with the crisis.

The Obama administration implemented a number of important fiscal measures, notably the American Recovery and Reinvestment Act of 2009. It also provided strong moral support for the Fed (including the reappointment of Ben Bernanke, who had been President Bush’s nominee). The administration also restored the financial sector faster than expected and carried out a highly successful rescue of the car industry.

Meanwhile, Republicans decried the fiscal stimulus, complaining about the huge fiscal deficits caused by the crisis. Yet it was as absurd to complain about deficits then as it is to slash taxes now, when the economy seems close to full employment. Some Republicans claimed Fed policies risked hyperinflation. Most opposed the re-regulation of the financial sector and savaged the bailout of the car industry. Yet President-elect Donald Trump might not be in a position to bully automakers today if they had not been rescued back then. In all, given the starting point, the performance of the economy has been remarkable. The unemployment rate has consistently fallen faster than expected. US business has also added 15.6m jobs since private-sector job growth turned positive in 2010. Real wage growth has been faster in the present cycle than in any since the early 1970s. In the third quarter of 2016, the economy was 11.5 per cent bigger than at its pre-crisis peak and real gross domestic product per head was 4 per cent above the pre-crisis peak, while that of the eurozone was still below it. Household net worth has also reached 50 per cent above its 2008 level.

Sorry, but they were no "shovel ready" jobs as your Dear Leader advertised - he even admitted that. Oh yes, there were some jobs created, but they were the most expensive jobs ever created using Federal dollars. The fact is, we got little from the "Recovery and Investment Act", only Federal dollars being used in bailing out companies (like GM) that were not worth saving (as GM's defection from the American worker now shows).
 

Benjamin

Well-Known Member
Site Supporter
Where in the world do you get this alternate history? This is incredibly ridiculous. The Great Recession was caused by the failure of giant financial institutions that had engaged in extremely risky investments in the housing market, called "swap derivatives" and the issuance of easy mortgages.

Yes, built on liberal entitlement policies which were enacted by Bill Clinton. Such a lie to put that on Bush...

Are you even aware that Clinton put a work requirement on welfare?

Are you even aware that the subject is the cause of the downfall of our economy due to the housing market and those responsible?

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Clearly the subject I addressed was the cause of the recession. Try to keep up FTW, eh.
 

GoodTidings

Well-Known Member
It was a campaign promise he fulfilled. I'm still waiting for Trump to do that.
Trump has fulfilled nearly 80% of his campaign promises inside of three years. Evidently, all you listen to are Leftist talking points and not much else.

As for working with the other side, Trump has endeavored to work with the other side, but they refuse to work with him. They obstruct everything he attempts to find bi-partisan support. They refuse to enact any kind of immigration reform and refuse to stop the inflow of illegal aliens into our country. They refuse to help the president on anything else. Their only interest is in unseating the president, not working with Him or the GoP on any legislative matters. The Democrats in Congress have become petulant children.
 

Earth Wind and Fire

Well-Known Member
Site Supporter
Trump has fulfilled nearly 80% of his campaign promises inside of three years. Evidently, all you listen to are Leftist talking points and not much else.

As for working with the other side, Trump has endeavored to work with the other side, but they refuse to work with him. They obstruct everything he attempts to find bi-partisan support. They refuse to enact any kind of immigration reform and refuse to stop the inflow of illegal aliens into our country. They refuse to help the president on anything else. Their only interest is in unseating the president, not working with Him or the GoP on any legislative matters. The Democrats in Congress have become petulant children.
Who is “Him” .... are you evoking God?
 

GoodTidings

Well-Known Member
It’s just what the doctor ordered. Moving from a republic to an empire with Trump to play the part of Julius Caesar.
What empire? There is no empire. Trump is simply lowing unemployment across the board, lowering income tax, bring back jobs, telling our allies in NATO to carry their own weight, trying to stop illegal aliens from flooding our borders...

I don't see what is imperialistic about that. But in the absence of a substantive, adult reply, I can see why you would feel the need to engage in meaningless, baseless quips that have no bearing on reality.
 

Earth Wind and Fire

Well-Known Member
Site Supporter
What empire? There is no empire. Trump is simply lowing unemployment across the board, lowering income tax, bring back jobs, telling our allies in NATO to carry their own weight, trying to stop illegal aliens from flooding our borders...

I don't see what is imperialistic about that. But in the absence of a substantive, adult reply, I can see why you would feel the need to engage in meaningless, baseless quips that have no bearing on reality.
We will see... soldier on trumpet
 

FollowTheWay

Well-Known Member
Site Supporter
At the beginning of Obama's first term he said the Republicans "can come along but they will have to ride in the back of the bus."

So the onus is on Dems not repubs
Factual statement by Obama:
THE PRESIDENT: Philadelphia, they can't have the keys back. They don't know how to drive. (Applause.) They don't know how to drive. They can ride with us if they want, but they got to get in the back seat. (Applause.) Because we want to go forward. We don't want the special interests riding shotgun. We want working families, middle-class families, up front. They're our priority. [President Obama Remarks, 10/10/10 via WhiteHouse.gov; emphasis added]
 

FollowTheWay

Well-Known Member
Site Supporter
Sorry, but they were no "shovel ready" jobs as your Dear Leader advertised - he even admitted that. Oh yes, there were some jobs created, but they were the most expensive jobs ever created using Federal dollars. The fact is, we got little from the "Recovery and Investment Act", only Federal dollars being used in bailing out companies (like GM) that were not worth saving (as GM's defection from the American worker now shows).
So you claim the American auto companies aren't worth saving. What other American companies are worthless. Personally I think coal companies and most steel companies fall in this category. Those, of course are the ones Trump is trying to support.
 
Status
Not open for further replies.
Top