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

[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.

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

 

[Penelope]

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

Tramp economy is what Obama's left to him, Obama the man who bailed us out of the greatest recession since the great depression, and he left Tramp a smoking hot economy.

 

[Penelope]

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.

Regan is why Bush Sr. needed to raise taxes and then why Clinton had to raise them. It was the same with Bush JR. and it will be the same with Tramp. Reagan was a disaster. He is the reason we have mass immigration now. He is the reason for everything the way it stands now. May he rest in hell.

 

[Toddsterpatriot]

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

Tramp economy is what Obama's left to him, Obama the man who bailed us out of the greatest recession since the great depression, and he left Tramp a smoking hot economy.

Obama the man who bailed us out of the greatest recession since the great depression

Baloney.

and he left Tramp a smoking hot economy.

GDP growth in 2016 was 1.6%.

 

[Toddsterpatriot]

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.

Regan is why Bush Sr. needed to raise taxes and then why Clinton had to raise them. It was the same with Bush JR. and it will be the same with Tramp. Reagan was a disaster. He is the reason we have mass immigration now. He is the reason for everything the way it stands now. May he rest in hell.

Regan is why Bush Sr. needed to raise taxes

He was an idiot to raise taxes.

He is the reason we have mass immigration now.

For believing the lying Dems.

 

[pinqy]

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

Well not counting 2009 (because the claim was for the recovery) average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

That’s not really a large difference.
And the 2 year average of 2014-2015 was 2.7%.

So really, the differences are minor. Trump’s 2 year average is a little bigger than Obama’s two year average, while Obama’s best two year average is a little better than Trump’s.

Saying both President’s have been about the same is not inaccurate, but neither is saying Trump’s is a little better.

 

[BuckToothMoron]

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)

I am making a note of this thread. I will be very interested to see how the Trump Republicans deflect when the bloated stock market crumbles and a recession ensues.

 

[Terri4Trump]

........the reason we have mass immigration now.
For believing the lying Dems.

Democrats are congenital liars.

 

[Terri4Trump]

Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump
Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump

Growth: The stronger the economy gets under President Trump, the more desperate his critics are to hand credit over to Obama. Even if that entails changing the past.

A recent New York Times story says it all: "An Economic Upturn Begun Under Obama Is Now Trump's To Tout."

The article begins by admitting that "by nearly every standard measure, the American economy is doing well," then spends the next 1,400 words arguing that the current good times have nothing to do with Trump's economic agenda.

The economy, reporter Patricia Cohen declares, "is following the upward trajectory begun under President Barack Obama."

Upward trajectory?

We seem to recall that the economy was stagnating in 2016 after the weakest recovery from a recession since the Great Depression.

In fact, The New York Times itself described Obama's economy this way in August 2016: "For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

GDP growth decelerated in each of the last three quarters of 2016. And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."

That same month, the nonpartisan Congressional Budget Office forecast growth this year would be just 1.9%... . ...(SNIP)

click here to continue

 

[Toddsterpatriot]

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

Well not counting 2009 (because the claim was for the recovery) average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

That’s not really a large difference.
And the 2 year average of 2014-2015 was 2.7%.

So really, the differences are minor. Trump’s 2 year average is a little bigger than Obama’s two year average, while Obama’s best two year average is a little better than Trump’s.

Saying both President’s have been about the same is not inaccurate, but neither is saying Trump’s is a little better.

average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

Yes, Trump's growth is better.

 

[BuckToothMoron]

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.)

Seriously dude, who is running your money for you? If your 401K lost money from 2012 to 2017 then you need to find a new money manager. The DJIA rose over 70% from January 2012 until Trump was in office in January 2017. Sorry you missed the ride, and I say that as a conservative who has never voted for a democrat.

 

[Terri4Trump]

Seriously dude, who is running your money for you? If your 401K lost money from 2012 to 2017 then you need to find a new money manager.........

What's that got to do with the thread topic:

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

 

[pinqy]

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

Well not counting 2009 (because the claim was for the recovery) average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

That’s not really a large difference.
And the 2 year average of 2014-2015 was 2.7%.

So really, the differences are minor. Trump’s 2 year average is a little bigger than Obama’s two year average, while Obama’s best two year average is a little better than Trump’s.

Saying both President’s have been about the same is not inaccurate, but neither is saying Trump’s is a little better.

average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

Yes, Trump's growth is better.

Gee, thanks for repeating what I said.

Is it significantly higher? No.

Was the average of Obama’s two best years better than Trump’s? Yes

Funny how you didn’t repeat those

Let’s add another: was Trump’s best year higher than Obama’s? No

It is simply dishonest to try and portray GDP growth under Trump as significantly better. Slightly better, sure. But you can’t honestly say it was bad under Obama and great under Trump.

 

[Toddsterpatriot]

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

Well not counting 2009 (because the claim was for the recovery) average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

That’s not really a large difference.
And the 2 year average of 2014-2015 was 2.7%.

So really, the differences are minor. Trump’s 2 year average is a little bigger than Obama’s two year average, while Obama’s best two year average is a little better than Trump’s.

Saying both President’s have been about the same is not inaccurate, but neither is saying Trump’s is a little better.

average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

Yes, Trump's growth is better.

Gee, thanks for repeating what I said.

Is it significantly higher? No.

Was the average of Obama’s two best years better than Trump’s? Yes

Funny how you didn’t repeat those

Let’s add another: was Trump’s best year higher than Obama’s? No

It is simply dishonest to try and portray GDP growth under Trump as significantly better. Slightly better, sure. But you can’t honestly say it was bad under Obama and great under Trump.

Gee, thanks for repeating what I said.

And thank you, for proving my claim.

It is simply dishonest to try and portray GDP growth under Trump as significantly better.

Imagine how much better Trump's would have been with an easing Fed, instead of a tightening Fed.
I mean, come on, 2.2% with 0.25% rates for 7 years.....that's pretty damn weak.

 

[Tax Man]

Seriously dude, who is running your money for you? If your 401K lost money from 2012 to 2017 then you need to find a new money manager.........

What's that got to do with the thread topic:

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

It is a comment on a response to a fairy tale of misfortune.

 

[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.

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

That’s not what it shows... we only have two years of trump vs 7 of Obama. Take Obama’s best two consecutive years and he has a higher average than Trumps. During those two years did you tout the economic boom? I don’t think so. You complained that he didn’t break 3%. Has Trump broken 3%? No. Did he say he would get 4 maybe 5% when he campaigned? Yes. I think my point is very clear. Y’all are politicizing this whole thing and very transparent about it.

 

[Moonglow]

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)

The story is from 2018 when Oblama mentioned it yet has not claimed it as of 2019..

 

[Toddsterpatriot]

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

That’s not what it shows... we only have two years of trump vs 7 of Obama. Take Obama’s best two consecutive years and he has a higher average than Trumps. During those two years did you tout the economic boom? I don’t think so. You complained that he didn’t break 3%. Has Trump broken 3%? No. Did he say he would get 4 maybe 5% when he campaigned? Yes. I think my point is very clear. Y’all are politicizing this whole thing and very transparent about it.

That’s not what it shows... we only have two years of trump vs 7 of Obama.

Trump's two years average higher than Obama's seven.
I agree with your link. Thanks.

 

[Slade3200]

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

No error...

You said.....

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

Your link showed that Obama's average was less than Trump's.

Well not counting 2009 (because the claim was for the recovery) average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

That’s not really a large difference.
And the 2 year average of 2014-2015 was 2.7%.

So really, the differences are minor. Trump’s 2 year average is a little bigger than Obama’s two year average, while Obama’s best two year average is a little better than Trump’s.

Saying both President’s have been about the same is not inaccurate, but neither is saying Trump’s is a little better.

average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

Yes, Trump's growth is better.

You just slipped into idiotsville. How about your read his entire statement t which was honest fair and compete and not just cherry pick. It’s called honest debate...

How about a truthful straight forward answer to this question. Whose average GDP was higher. Obama in 2014 and 2015 or Trump in 2017 and 2018???

 

[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.)

Seriously dude, who is running your money for you? If your 401K lost money from 2012 to 2017 then you need to find a new money manager. The DJIA rose over 70% from January 2012 until Trump was in office in January 2017. Sorry you missed the ride, and I say that as a conservative who has never voted for a democrat.

Funny that almost to the day Trump was elected it took off.