Sorry Obama, But It's Trump's Economic Boom, Not Yours

[Terri4Trump]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

 

[Slade3200]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

 

[miketx]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

That must have been why my 401k lost money steadily from 2012 until Trump has elected and it recovered.

(This really happened and it drives the filth wild. Watch and see.)

 

[Terri4Trump]

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

GDP is only one indicator. You are wrong on the big picture. You argument is with Investor's Business Daily not me..

Trump rescued America from the economic oblivion under Obama
Trump rescued America from the economic oblivion under Obama

Even in the midst of the economic boom America is enjoying under the stewardship of Donald Trump, Democratic candidates are suggesting we return to the failed policies of Barack Obama. Since President Trump took office two years ago, the national economic engine has been roaring, generating widespread prosperity across every corner of the country.

Our unemployment rate stands at 3.8 percent, a remarkable figure most presidents never achieve during their time in office. The unemployment rate during the first 26 months of the Trump administration averaged 4.1 percent, the lowest rate of any administration since the Bureau of Labor Statistics started tracking the statistic in 1948. The labor market continues growing stronger every month, consistently beating the expectations of all the skeptical establishment economists who continue to forecast an impending recession. The country added a solid 196,000 jobs last month, which comfortably exceeded the predicted increase of 170,000 jobs.

During the first 26 months of the Obama administration, on the other hand, the unemployment rate spiked all the way to 10 percent, and then stayed stubbornly above 9 percent. While those discouraging numbers were in large part a product of the Great Recession, job creation had remained unfortunately sluggish throughout the remainder of his time in office. The official unemployment rate also masked the severity of economic misery under President Obama because a modest increase in part time jobs took attention away from the loss of full time employment opportunities. The result was widespread underemployment, which forced many working families to simply make do with lower incomes.

Under President Trump, full time jobs have rapidly replaced part time jobs, providing workers with the sort of financial stability they need to provide for their families and make long term plans such as saving or college or buying a home. This is no modest achievement, nor is the economic growth over the past two years. In 2016, the final year under President Obama, real gross domestic product grew by just 1.6 percent, which was also the average growth rate during all of his eight years in office. Under President Trump, growth increased to 2.2 percent in 2017, jumped again to 2.9 percent in 2018, and rose to an incredible 3.2 percent earlier this year.

By adopting policies that put our nation first, such as cutting taxes to make businesses more competitive and allow workers to keep more of their paychecks, eliminating wasteful regulations, and protecting our workers from unfair foreign competition by renegotiating outdated trade deals, President Trump has been the polar opposite of his predecessor. President Obama heavily regulated the financial industry in an attempt to reduce economic risk, but this strategy of punishing bankers only ended up dragging down growth. He also championed poorly negotiated trade deals that put our workers at a disadvantage, such as the Trans Pacific Partnership that President Trump wisely scrapped after taking office.

The results of these wildly different approaches speak for themselves. After enduring a moribund “recovery” for eight years under President Obama, the economy shifted into high gear after President Trump took office, and domestic growth has only continued to accelerate ever since. With the 2020 election rapidly turning into a referendum on socialism, it is important to remember that the free market policies of President Trump are what rescued us from the economic calamity brought on by the big government liberalism that the Democrats are still pushing to this day

 

[pinqy]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

So a slowdown in 2016 had nothing to do with it being an election year with two extremely polarizing candidates?

No major indicators changed direction under Trump, nor was there a significant difference in rate of change from Obama’s second turn.

 

[miketx]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

So a slowdown in 2016 had nothing to do with it being an election year with two extremely polarizing candidates?

No major indicators changed direction under Trump, nor was there a significant difference in rate of change from Obama’s second turn.

Sorry to prove your nonsense wrong but one major thing took over when Trump was elected. Business knew the handcuffs were off and the regulations were done.

 

[Mac1958]

• Exploding deficit
• Bond yields crashing 40% over the last seven months
  
• Fed signaling it's ready to cut rates due to weakness
• Trump himself pissed that the Fed didn't cut rates due to weakness yet
• Still struggling to hit and maintain 3% growth, let alone the promised 5% to 6%
  
• Unemployment figures magically putting virtually no pressure on inflation
• Income increases magically putting virtually no pressure on inflation

That's reality. I know talk radio avoids this stuff, so the tribe isn't aware of it.

There are some good numbers. There are some troubling facts. It's mixed.

Hopefully things will continue to improve. But this sycophantic, isolated, closed off, alternate universe crap is getting a little scary.
.

 

[Terri4Trump]

Let'ssee what this pathological liar has to say:

Exploding deficit

Obama created more debt than all other presidents before him combined. What Trump has done is peanuts compared to that you moron. Plus Trump had to repair the militasry that Obama destroyed, asshole.

Fed signaling it's ready to cut rates due to weakness

So you are talking about "signals" and what "might" happen. Lets stick with facts shall we?

Trump himself pissed that the Fed didn't cut rates due to weakness yet

So what. Trump is pissed. That has nothing to do with the topic you moron. Read the thread topic you idiot.

Unemployment figures magically putting virtually no pressure on inflation

Unemployent is the lowest in 50 years. Only a dope like you could finf fault with that.

Income increases magically putting virtually no pressure on inflation

Income increases are a bad thing?? OMG!! You are done here crackhead. Shut up and go away.

 

[miketx]

 

[Slade3200]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

That must have been why my 401k lost money steadily from 2012 until Trump has elected and it recovered.

(This really happened and it drives the filth wild. Watch and see.)

If that’s the case then you did a real shitty job managing it because the stock market boomed during those years.

 

[Tax Man]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Bloomberg says quite the opposite. So how much do you get paid to post lies?

 

[Mac1958]

Let'ssee what this pathological liar has to say:

Exploding deficit

Obama created more debt than all other presidents before him combined. What Trump has done is peanuts compared to that you moron. Plus Trump had to repair the militasry that Obama destroyed, asshole.

Fed signaling it's ready to cut rates due to weakness

So you are talking about "signals" and what "might" happen. Lets stick with facts shall we?

Trump himself pissed that the Fed didn't cut rates due to weakness yet

So what. Trump is pissed. That has nothing to do with the topic you moron. Read the thread topic you idiot.

Unemployment figures magically putting virtually no pressure on inflation

Unemployent is the lowest in 50 years. Only a dope like you could finf fault with that.

Income increases magically putting virtually no pressure on inflation

Income increases are a bad thing?? OMG!! You are done here crackhead. Shut up and go away.

I already know that Trumpsters are largely ignorant when it comes to this stuff.

I've been asking you folks questions over the last few days that would require actual knowledge of economics and markets to answer.

The response has been even worse than I expected.

So now, I just try to laugh.
.

 

[Slade3200]

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

GDP is only one indicator. You are wrong on the big picture. You argument is with Investor's Business Daily not me..

Trump rescued America from the economic oblivion under Obama
Trump rescued America from the economic oblivion under Obama

Even in the midst of the economic boom America is enjoying under the stewardship of Donald Trump, Democratic candidates are suggesting we return to the failed policies of Barack Obama. Since President Trump took office two years ago, the national economic engine has been roaring, generating widespread prosperity across every corner of the country.

Our unemployment rate stands at 3.8 percent, a remarkable figure most presidents never achieve during their time in office. The unemployment rate during the first 26 months of the Trump administration averaged 4.1 percent, the lowest rate of any administration since the Bureau of Labor Statistics started tracking the statistic in 1948. The labor market continues growing stronger every month, consistently beating the expectations of all the skeptical establishment economists who continue to forecast an impending recession. The country added a solid 196,000 jobs last month, which comfortably exceeded the predicted increase of 170,000 jobs.

During the first 26 months of the Obama administration, on the other hand, the unemployment rate spiked all the way to 10 percent, and then stayed stubbornly above 9 percent. While those discouraging numbers were in large part a product of the Great Recession, job creation had remained unfortunately sluggish throughout the remainder of his time in office. The official unemployment rate also masked the severity of economic misery under President Obama because a modest increase in part time jobs took attention away from the loss of full time employment opportunities. The result was widespread underemployment, which forced many working families to simply make do with lower incomes.

Under President Trump, full time jobs have rapidly replaced part time jobs, providing workers with the sort of financial stability they need to provide for their families and make long term plans such as saving or college or buying a home. This is no modest achievement, nor is the economic growth over the past two years. In 2016, the final year under President Obama, real gross domestic product grew by just 1.6 percent, which was also the average growth rate during all of his eight years in office. Under President Trump, growth increased to 2.2 percent in 2017, jumped again to 2.9 percent in 2018, and rose to an incredible 3.2 percent earlier this year.

By adopting policies that put our nation first, such as cutting taxes to make businesses more competitive and allow workers to keep more of their paychecks, eliminating wasteful regulations, and protecting our workers from unfair foreign competition by renegotiating outdated trade deals, President Trump has been the polar opposite of his predecessor. President Obama heavily regulated the financial industry in an attempt to reduce economic risk, but this strategy of punishing bankers only ended up dragging down growth. He also championed poorly negotiated trade deals that put our workers at a disadvantage, such as the Trans Pacific Partnership that President Trump wisely scrapped after taking office.

The results of these wildly different approaches speak for themselves. After enduring a moribund “recovery” for eight years under President Obama, the economy shifted into high gear after President Trump took office, and domestic growth has only continued to accelerate ever since. With the 2020 election rapidly turning into a referendum on socialism, it is important to remember that the free market policies of President Trump are what rescued us from the economic calamity brought on by the big government liberalism that the Democrats are still pushing to this day

Well since you are here and business investor is not then my argument is with you. Ill ask again... which stat had a significantly better rate of change under trump than under Obama?

 

[Terri4Trump]

I already know that Trumpsters are largely ignorant when it comes to this stuff..

You don't know shit. You're an idiot. You're last post proved it.

Yes, Obama’s Economic Policies Really Were That Bad.
Yes, Obama’s Economic Policies Really Were That Bad.

Economic and regulatory policies play out in the economy in the market in two ways.

First, they are anticipated. That's why the market tanked 16 percent in the 4 months after Obama was elected and rose 12 percent after Trump -- and kept rising. Americans knew Obama’s policies would be bad, and Trump’s would be good. Once implemented, policies begin to work.

Depending on their aggressiveness, and both Obama's and Trump's were, the effects would be seen after about a year, and certainly after two.

Economically-illiterate Democrats love to believe that any economic success that President Trump’s administration has enjoyed is simply due to the brilliant stewardship of the economy under Obama. Trump is just riding his coattails! This is not only risible. It defies the fundamentals of economics and logic. Were that true, then Trump's policies would be the same as Obama's. He would have continued them.

They aren't. They are the opposite. So what Democrats are saying is that despite Trump's opposing policies, the economy not only improved under Obama but improved even more, at an even faster rate, than Obama because of these opposing policies.

HUH?

Opposing policies would not result in the same economic growth trajectory. That’s straight out of Paul Krugman Bizarro World.

How bad were Obama’s policies?

Obama's average during his eight years was 1.9 percent growth. That is the worst post-recession recovery in history. Yes, he started out with a very serious recession on his hands, but policies take 1-2 years at most to take effect. Obama had eight years, and the results were lousy.

Heck, maybe we’re being too harsh on him. Let's help him out and look at the GDP growth average in just his last 3 years, when the numbers were more in his favor. In fact, let's black out the entire first year of his Presidency when GDP growth was negative every quarter. And then, let’s further back out every quarter where GDP growth was less than 2 percent.

Obama’s average comes to 2.75 percent. How bad is that? The average GDP growth since 1930 has been 3.3 percent. That includes the Great Depression and every single other recession since then.

Democrats call that a success.

How what about a comparison? Maybe Obama was up against a really tough recession that would take a full eight years to come out of. Let's look at President Reagan, post-Carter. The recession then was not as bad in some ways, but was worse in others. Both Obama and Reagan faced a situation in which the entire previous year saw no growth and increasing unemployment. Reagan arguably had it worse because inflation and interest rates were at 20 percent!

Reagan's policies took two years to work through.

In his eight years in office, the GDP averaged 3.1 percent growth. And that includes 7 of his first 9 quarters in which growth was negative. If we back those out, GDP growth averaged a whopping 4.5 percent per quarter.

And just so we're being fair, let's back out all the quarters where GDP was less than 2 percent. In Reagan’s case, that was only one quarter. That’s right, folks. For five of his eight years in the White House, GDP growth exceeded 3 percent.

Still, let's throw out Trump's entire first year, like we did with Obama. We only have a year's worth of data but on that basis, and Trump's average GDP growth is 2.9 percent. He is already killing Obama’s tally.

Reagan crushes Obama’s performance. So is Trump.

So why do Democrats insist that, despite Trump’s opposing policies, any economic success is the result of Obama? Only an idiot or a Democrat believes that Reagan’s policies – the opposite of Obama’s and Carter’s -- would somehow result in a continuation of Carter’s lousy performance.

Oh, I think I answered my own question.

 

[Mac1958]

I already know that Trumpsters are largely ignorant when it comes to this stuff..

You don't know shit. You're an idiot. You're last post proved it.

Yes, Obama’s Economic Policies Really Were That Bad.
Yes, Obama’s Economic Policies Really Were That Bad.

Economic and regulatory policies play out in the economy in the market in two ways.

First, they are anticipated. That's why the market tanked 16 percent in the 4 months after Obama was elected and rose 12 percent after Trump -- and kept rising. Americans knew Obama’s policies would be bad, and Trump’s would be good. Once implemented, policies begin to work.

Depending on their aggressiveness, and both Obama's and Trump's were, the effects would be seen after about a year, and certainly after two.

Economically-illiterate Democrats love to believe that any economic success that President Trump’s administration has enjoyed is simply due to the brilliant stewardship of the economy under Obama. Trump is just riding his coattails! This is not only risible. It defies the fundamentals of economics and logic. Were that true, then Trump's policies would be the same as Obama's. He would have continued them.

They aren't. They are the opposite. So what Democrats are saying is that despite Trump's opposing policies, the economy not only improved under Obama but improved even more, at an even faster rate, than Obama because of these opposing policies.

HUH?

Opposing policies would not result in the same economic growth trajectory. That’s straight out of Paul Krugman Bizarro World.

How bad were Obama’s policies?

Obama's average during his eight years was 1.9 percent growth. That is the worst post-recession recovery in history. Yes, he started out with a very serious recession on his hands, but policies take 1-2 years at most to take effect. Obama had eight years, and the results were lousy.

Heck, maybe we’re being too harsh on him. Let's help him out and look at the GDP growth average in just his last 3 years, when the numbers were more in his favor. In fact, let's black out the entire first year of his Presidency when GDP growth was negative every quarter. And then, let’s further back out every quarter where GDP growth was less than 2 percent.

Obama’s average comes to 2.75 percent. How bad is that? The average GDP growth since 1930 has been 3.3 percent. That includes the Great Depression and every single other recession since then.

Democrats call that a success.

How what about a comparison? Maybe Obama was up against a really tough recession that would take a full eight years to come out of. Let's look at President Reagan, post-Carter. The recession then was not as bad in some ways, but was worse in others. Both Obama and Reagan faced a situation in which the entire previous year saw no growth and increasing unemployment. Reagan arguably had it worse because inflation and interest rates were at 20 percent!

Reagan's policies took two years to work through.

In his eight years in office, the GDP averaged 3.1 percent growth. And that includes 7 of his first 9 quarters in which growth was negative. If we back those out, GDP growth averaged a whopping 4.5 percent per quarter.

And just so we're being fair, let's back out all the quarters where GDP was less than 2 percent. In Reagan’s case, that was only one quarter. That’s right, folks. For five of his eight years in the White House, GDP growth exceeded 3 percent.

Still, let's throw out Trump's entire first year, like we did with Obama. We only have a year's worth of data but on that basis, and Trump's average GDP growth is 2.9 percent. He is already killing Obama’s tally.

Reagan crushes Obama’s performance. So is Trump.

So why do Democrats insist that, despite Trump’s opposing policies, any economic success is the result of Obama? Only an idiot or a Democrat believes that Reagan’s policies – the opposite of Obama’s and Carter’s -- would somehow result in a continuation of Carter’s lousy performance.

Oh, I think I answered my own question.

You may not realize this, but none of my points were about Obama.

They were all facts based on the current economic conditions about which you are boasting.

And you didn't address the WHY of any of them, because you're ignorant. You don't know how to answer them.

Ignorance and arrogance: The special mix of the Trumpster.
.

 

[Toddsterpatriot]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy”

I don't believe you. Link?

 

[pinqy]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

So a slowdown in 2016 had nothing to do with it being an election year with two extremely polarizing candidates?

No major indicators changed direction under Trump, nor was there a significant difference in rate of change from Obama’s second turn.

Sorry to prove your nonsense wrong but one major thing took over when Trump was elected. Business knew the handcuffs were off and the regulations were done.

Whether or not it’s true, it has nothing to do with what I wrote.

 

[Slade3200]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy”

I don't believe you. Link?

U.S. - GDP growth by year 1990-2018 | Statista

 

[Toddsterpatriot]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy”

I don't believe you. Link?

U.S. - GDP growth by year 1990-2018 | Statista

Thanks for realizing your error.

 

[Slade3200]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy”

I don't believe you. Link?

U.S. - GDP growth by year 1990-2018 | Statista

Thanks for realizing your error.

No error... was 2014 and 2015 when Obama had higher GDP growth than trump a booming economy or part of the worst recession in history? Face it. You either need to give Obama credit for the years he exceeded trumps numbers or you need to admit Trumps great economy is Hyperbolic