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Biden mocks Trump’s ‘infrastructure week’: ‘He didn’t build a damn thing’


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On 9/19/2023 at 9:49 AM, Hanaguma said:

You might not want to talk about the debt, given the current administration's current financial dealings... more than 1.5 trillion added to the debt this year alone, US debt rating downgraded... 

Downgraded by 1 credit rating company. 

Here’s why top economists are calling Fitch’s decision to downgrade America’s credit rating ‘bizarre and inept’
BYWILL DANIEL
August 2, 2023 at 5:34 PM EDT

Economists were quick to rebuke Fitch’s decision to downgrade U.S. government debt, noting that the latest economic data—from low unemployment figures to steady GDP growth—seem to illustrate an improving, not deteriorating situation in the U.S.
“The United States faces serious long-run fiscal challenges. But the decision of a credit rating agency today, as the economy looks stronger than expected, to downgrade the United States is bizarre and inept,” former Treasury Secretary Larry Summers wrote in a Tuesday post on X (formerly known as a Twitter). 
In a follow up interview with Bloomberg, the economist added that he believes the idea that the U.S. is in any way at risk of defaulting on its debts is “absurd.”
 
The only thing I would disagree on with Summers is that there is a serious risk of default. But it's posed by the threats oif Congressional Republicans not to raise the debt limit.
Edited by metisdead
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On 9/19/2023 at 10:11 AM, placeholder said:

Downgraded by 1 credit rating company. 

Here’s why top economists are calling Fitch’s decision to downgrade America’s credit rating ‘bizarre and inept’
BYWILL DANIEL
August 2, 2023 at 5:34 PM EDT

Economists were quick to rebuke Fitch’s decision to downgrade U.S. government debt, noting that the latest economic data—from low unemployment figures to steady GDP growth—seem to illustrate an improving, not deteriorating situation in the U.S.
“The United States faces serious long-run fiscal challenges. But the decision of a credit rating agency today, as the economy looks stronger than expected, to downgrade the United States is bizarre and inept,” former Treasury Secretary Larry Summers wrote in a Tuesday post on X (formerly known as a Twitter). 
In a follow up interview with Bloomberg, the economist added that he believes the idea that the U.S. is in any way at risk of defaulting on its debts is “absurd.”
 
The only thing I would disagree on with Summers is that there is a serious risk of default. But it's posed by the threats oif Congressional Republicans not to raise the debt limit.

...nothing about the more important of the two issues, the near doubling of the federal deficit this year? Biden was crowing about cutting the deficit not too long ago, when in reality he did nothing but allow Covid era spending to lapse. And now the fiscal situation is getting worse. 

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8 minutes ago, 2baht said:

He built a wall alright, a wall between BS and reality! A big, beautiful wall! :thumbsup:

His acolytes build a river barrier. Many people were drowning because of it but they didn't care, they are Republicans. A court had to order them to remove it because it was killing so many people.

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1 minute ago, ozimoron said:

His acolytes build a river barrier. Many people were drowning because of it but they didn't care, they are Republicans. A court had to order them to remove it because it was killing so many people.

That's ok, Donzo has ruined any credibility the Republican Party may have had!

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The US has had several really bad presidents so this is not a modern phenomena. In 1948 Warren G. Harding, Ulysses S. Grant, Franklin Pierce, James Buchanan and Zachary Taylor were named the five worst presidents in American history. In a 1982 poll, the list was the same, save for Andrew Johnson taking Taylor's spot in the bottom five. 

Perhaps Trump will sink to the bottom 5, but a single term isn't like a two term President's chance to muck up the economy. 

George W. Bush and Richard Nixon were among the bottom 10 in 2014, but climbed out from the dregs of American leadership in 2019. Perhaps it is the ability to compare in hindsight that gives us a balanced opinion.

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  • 3 weeks later...

What has Biden actually built?  All I see is a bunch of money going out, with pie-in-the-sky projections claiming benefits stretching over the future.   Any idiot can throw money at a problem.

 

Does he mean like the electric buses that don't run and the offshore wind farms that are now having to renege on their contracts because they can't produce power at the promised prices?

 

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On 9/18/2023 at 8:28 PM, ozimoron said:

His acolytes build a river barrier. Many people were drowning because of it but they didn't care, they are Republicans. A court had to order them to remove it because it was killing so many people.

How many people died? I see Biden is going to start Wall construction.

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