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Re: Denn55 post# 70314

Tuesday, 11/05/2024 9:46:13 AM

Tuesday, November 05, 2024 9:46:13 AM

Post# of 71581
Spending? A history lesson. Obama walked into the worst economy since the Great Depression. After 8 years he handed the next administration the best economy ever handed off to an incoming president. $8 Trillion added to the nat.debt over 8 years. The next administration left office with the economy in shambles due to the miss handling of covid. $8 Trillion added to the nat.debt in FOUR YEARS. For 8 months it was covid is going away not to worry. Following this the new administration inherited a huge problem with the supply chain leading to supply/demand imbalance leading to about 9% inflation.

The new administration brought back every job lost plus about 12 million additional NEW JOBS. Crude and nat gas production HIGHER than the highest production during the previous administration. Brought inflation down to almost 2.5%, with rising wages now above the inflation rate and over 800K new jobs in manufacturing alone. And the debt added is NO WHERE near the 4 year $8 Trillion added by the previous administration. ALL my info is from "independent" sources.
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