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#1224887 - Sun Jan 14 2018 09:39 AM Re: For the last time, Trump hasnít made the economy any better [Re: Wonder Boy]
Matter-eater Man
Offline Fair Play!

Registered: Sat Jun 07 2003
Posts: 13863
You can look at the quarterlies in general and see how the economy has been over the decades. You also had a recent post on black unemployment hitting a low but even with what you posted it showed that it was steadily dropping prior to Trump becoming President. As a partisan you want to give Trump credit for something that had been dropping all along. He obviously didn't have anything to do with it steadily dropping before he got into office.

Fair play!

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#1224888 - Sun Jan 14 2018 02:56 PM Re: For the last time, Trump hasnít made the economy any better [Re: Matter-eater Man]
Wonder Boy
Offline brutally Kamphausened

Registered: Wed Sep 12 2001
Posts: 18237
Loc: A glorious bold new America


What I saw of the quarterly indicators under Obama is while the "Great Recession" and TARP bailout happened under W. Bush in Oct 2008, the stock market and other indicators then tanked even worse when Obama was elected. It continued to go down and down over his first year or so, and when both the stock market and unemployment finally went incredibly low (5 million lost jobs in one year) the economy inevitably, in spite of Obama, inevitably had to go up and recover slightly.

But again, the U.S. economy never reached 3% annual growth during any of the 8 years of Obama's presidency. It is the weakest economic recovery since the Great Depression.

Conversely, when Trump was elected, you saw an immediate jump in the stock market and other economic indicators, even before he took office, due to the anticipated pro-business/pro-growth policies Trump campaigned on. Promises he has kept, and is resolved to still implement.

Under Obama, it was said that we would have to accept 5% unemployment as the new normal for decades going forward. Trump has already brought it down to a fraction above 4%. In his first year.

Again, ALL the precedents for the economy are at numbers that have not been seen since 2004, 2001, 1999. Those benchmark lows precede Obama's presidency, so clearly Obama did not have lower numbers than those under Trump's presidency. Obviously. Clearly. Unquestionably. Quantifiably.


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#1224891 - Sun Jan 14 2018 07:41 PM Re: For the last time, Trump hasnít made the economy any better [Re: Wonder Boy]
Matter-eater Man
Offline Fair Play!

Registered: Sat Jun 07 2003
Posts: 13863
Yeah but it was headed towards 3% growth under Obama. In fact Trump's response about the economy getting better while Obama was in office was to call it a bubble. And what you said while Obama was in office about the stock market still holds true now that it's Trump. If wages don't go up in those depressed areas Trump will lose voters.

Fair play!

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#1224892 - Sun Jan 14 2018 08:08 PM Re: For the last time, Trump hasnít made the economy any better [Re: Matter-eater Man]
Wonder Boy
Offline brutally Kamphausened

Registered: Wed Sep 12 2001
Posts: 18237
Loc: A glorious bold new America

But it DIDN'T under Obama!
And I don't see a steady growth pattern that it would have, if Frau Hitlery had won the election and continued his economic policy.

Nothing in Obama's "punish the rich" economic policy and war on fossil feul industries was pro-business or pro-growth. I again say whatever rise in Obama's 8 years was IN SPITE OF Obama, not because of him.

The illusion of any growth whatsoever came from when Obama quadrupled the printing of dollars (i.e., "quantitative easing") from 800 billion in existing currency to 4.5 trillion. And with a further $ 10 TRILLION borrowing in treasury bills, used deficit spending to fill the gap of growth that wasn't happening, at tremendous cost generating the slightest illusion of growth.

That and crony capitalism where Obama gave huge no-bid contracts to companies he selected as winners who would succeed, such as Solyndra, and GE (in GE, Geoffrey Immelt one of his political backers.) And ACORN. All friends of Barack, allies politically.

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#1225507 - Mon Apr 16 2018 07:42 PM Re: For the last time, Trump hasnít made the economy any better [Re: Wonder Boy]
Matter-eater Man
Offline Fair Play!

Registered: Sat Jun 07 2003
Posts: 13863
Job growth slows under Trump

Fair play!

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#1226565 - Thu Aug 16 2018 10:26 AM Re: For the last time, Trump hasnít made the economy any better [Re: Matter-eater Man]
Wonder Boy
Offline brutally Kamphausened

Registered: Wed Sep 12 2001
Posts: 18237
Loc: A glorious bold new America


Trump economic advisor Larry Kudlow was on Fox News this morning, and with humor de-bunked the flawed logic of the Democrats' "Trump is taking credit for Obama's economic recovery" narrative.


Kudlow points out that Obama's economic team while in office and after Trump was inaugurated held firm to the "new normal" being 1% to 2% economic growth, that it was impossible to grow beyond that rate.

Trump took office with the determined goal of 4% or higher growth.
As a result of Trump's economic policies and slashing of crippling regulation, Trump achieved almost 4% growth his first year, and even higher this year.
Enter the lying Democrat narrative: It's only because of 8 years of steady economic growth under Obama that the economy is doing so well. So credit for growth under Trump really belongs to Obama.

Kudlow points out: If the Obama economic team didn't believe 4% could be achieved, and 4% wasn't even a possibility in their projections, how can they take credit for 4% growth, when it was ONLY TRUMP POLICY that envisioned 4% growth, and enacted new policy to achieve it?


Similarly the 97% defeat of ISIS in Iraq. The Obama team had limited rules of engagement that were actually getting U.S. soldiers killed, and making limited gains.
When Trump became president, Trump immediately lifted those restrictions, freed our military to do their jobs, and in a short time ISIS was 97% destroyed.


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#1226567 - Thu Aug 16 2018 11:16 AM Re: For the last time, Trump hasnít made the economy any better [Re: Wonder Boy]
Matter-eater Man
Offline Fair Play!

Registered: Sat Jun 07 2003
Posts: 13863
Trump lags behind his predecessors on economic growth

It's easy to understand how Trump and his toadies hate the press because it debunks all the self serving lies and exaggerations.

Fair play!

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#1226590 - Sun Aug 19 2018 11:23 AM Re: For the last time, Trump hasnít made the economy any better [Re: Matter-eater Man]
the G-man
Offline Officially "too old for this shit"

Registered: Fri May 16 2003
Posts: 43426
Loc: the right
The Brookings Institute is a liberal think tank, not "the press."

Unless that was your admission that the press is also essentially a liberal think tank at this point

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#1226591 - Sun Aug 19 2018 11:39 AM Re: For the last time, Trump hasnít made the economy any better [Re: the G-man]
Matter-eater Man
Offline Fair Play!

Registered: Sat Jun 07 2003
Posts: 13863
Sorry you are correct on your nitpick about the institute not being the press. You however are wrong about treating the press as the enemy of the people.

Fair play!

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#1226592 - Sun Aug 19 2018 11:44 AM Re: For the last time, Trump hasnít made the economy any better [Re: Matter-eater Man]
Matter-eater Man
Offline Fair Play!

Registered: Sat Jun 07 2003
Posts: 13863
On Fox today I saw Wallace bring up the fact that job creation under Obama's last 19 months was actually higher than Trump's first 19 months. Interesting what with all the spending going on under "conservative " control.

Fair play!

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