(11-17-2024, 12:27 PM)TDOSS Wrote:

(11-16-2024, 10:24 PM)copycat Wrote: Sounds like voodoo economics.  1.  Did the amount of money stol…err collected from the US taxpayers go up or down?  2. Did the amount of money the government spend go up or down?   Sometimes the answers are quite simple.

Yep.

https://www.propublica.org/article/national-debt-trump

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(11-16-2024, 11:41 PM)Jag149 Wrote: LOL. You are mistaken. Yes it did they even referenced it on CNBC a couple weeks ago. At the end of the Obama term we were running  1% GNP,we had a sluggish economy. We had one of the highest corporate tax rate in the world st 35%. Our multinational companies were keeping their capital overseas and expanding where the rates were lower.  He cut rates to 21%, capital flowed into the country our GNP averaged 2.6% Voila !  More GNP more taxes.

Now reducing it further? To have an opinion I would need to do some thinking. Neither Obama of Biden have ever been in the business world.

The results were great for the people as well

Obama
GDP growth: 1.0%
Poverty rate: 14.00%
Real disposable income per capita: $42,914

Trump
GDP growth: 2.6% - increased 1.6%
Poverty rate: 11.90% - reduced 2.1%
Real disposable income per capita: $48,286

Biden
GDP growth: 2.6% - same
Poverty rate: 12.80% - increased
Real disposable income per capita: $46,682 - fell

I think it will be on both of them.  

Right now, the total stock market capitalization to GDP ratio ("the Buffett indicator") is at around 2.  That is wildly too high.  

The Buffett Indicator: Market Cap to GDP - Updated Chart | Longtermtrends


The total debt, public and private, in the United States is over $95 trillion.   

Total debt across all sectors U.S. 2022 | Statista

What happens when stocks are that overvalued, and there is that much debt?  

Stock market crash, massive defaults, and depression.

On the other hand, it is amazing how long things can go before they crash.  It might happen next year, or it might happen 10 years from now.

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