Donald Trump
Comments
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Of course there was GDP growth if you borrow that much and give it away to your mates.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Debt growth over the period doesn't seem out of whack with previous periods, regardless of who was in charge.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
How about COVID as well? I can't remember too many Governments who didn't turn on the taps. I think it kicked off in Trumps final year in office (without Google cheating).
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Covid is a handy excuse when it suits, yet ignored when it isn't.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Looks to be accelerating to me even before 2020. Curve steepens after 2016.
Public spending accelerated slightly over the same period. The rest was given away.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Come on though, our debt as a result of COVID was close to £400,000,000,000!
That's a crazy amount of money.
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Look at the jump in 2020, the start of COVID / Trumps last year in office.
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It's all well and good looking back at something with hindsight, to be accurate though it has to be taken with everything else at the time.
It has to be done with context.
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What odds are Ladbrokes giving for the Trump to be the 5th US president to be assassinated?
seanoconn - gruagach craic!0 -
Place your bets now, many gambling opportunities. We could give shaky hands man the job.
seanoconn - gruagach craic!1 -
We shall see after 4 years what the result of the populist vote is. I cannot see a pandemic during his term so he will have no excuses. What crazy Republican will replace him?
Meanwhile Xin ping pong and Putin are most definitely giggling whist Zelensky is probably very concerned.
Though the only saving grace is that Trump did not have much of a penchant for war. He even attempted to negotiate with N Korea.
seanoconn - gruagach craic!0 -
I was commenting on the period before COVID. Borrowing was already accelerating before that. What Trump says and what Trump does are almost diametrically opposed.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
It's about $1200 a head, which sounds pretty good value when you think of all the furlough payments.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
I'm not sure how happy Xi will be, given talk of tarrifs. For sure this will apply to anything competing with Tesla, but also potentially Boeing (i.e. he tried before, it backfired, but now they are losing $2Bn a year and Comac are 8 years further along....)
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Steepest part of that graph looks to be 2008-2012 (apart from the Covid period which is exceptional)
Got any data around the 'given away' part?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Yep, he's not going to play with the people involved in the massive lobbying/business interests in war. As you say looking at his last tenure.
A company akin to Tesla would still buy in product/parts from foreign companies, so tariffs are more complex, like you said.
Hey, that Ferrari F80 looks like a bag of spanners. At least the McLaren W1 looks half decent.
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Jeez, four hundred billion is not decent.
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If the only long term issue from a once in a generation pandemic was a 1200 quid a head debt it would be a fantastic result.
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Yep. You'll need a helluva big bag of spanners to fix that thing. Front end looks like a Renault EV. Fugly.
seanoconn - gruagach craic!0 -
Funny how the government never changes in China but they are ever evolving and evolving rapidly whereas in the West, it's the opposite.
seanoconn - gruagach craic!0 -
Yes, there are other periods of increased borrowing. Point is that he was elected on a promise (lol) to reduce borrowing, not push it up a bit faster.
As for giving it away, all that money is spent on contracts or direct government employees. The guys putting metal poles in the ground on the border, that kind of thing. They certainly didn't borrow it to stuff it under the mattress.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
It's a big country with a big population. The Indian national debt is projected to be about 280 trillion rupees next year.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Trump's tax cuts came into effect in 2018, so won't have started to affected debt before then.
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There's a slight lack of choice in political parties in China, but in any event they seem to be having a few economic issues of their own these days.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I thought that spending on infrastructure was a good thing? - that's how it seems to be in the UK.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
It might be, or it might not. Either way, the spending is likely to have an effect on GDP, which was the original point.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0
