This is John F. Kennedy’s economy! No wait, it’s Reagan’s...No, it’s Clinton’s.

[ColonelAngus]

Google it, the recession of 2001. You're retarded if you think it wasn't reported.

'The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)'

Recession

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

These are government statistics from the BEA.

As you can see, though there were two quarters of contraction in 2001...they were not consecutive.

Therefore - IMO - there was no technical recession in 2001.

Just sayin'....

So the media was reporting fake news back then also?

Nope.

Well as soon as Bush became president the media started reporting reccession.

There was no recession until March, 2001. And it wasn’t declared official until November, 2001. And even then, there might not have been a recession at all if not for 9.11, according to the NBER.

But according to morons like you, that means Bush inherited a recession.

What monetary policies did Bush implement in the 2 months between January 2001 when he took office and March 2001, when you claim the recession began.?

 

[PoliticalChic]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

Of course the state of the economy is the responsibility of the current president. But if he is going to take credit for positive change then the %change needs to be reviewed and compared to past administrations. Wouldn’t you agree?

No, that’s fking stupid

Well if Trump is doing a better job than Obama, why is employment growing at the same pace under both presidents?

That means Trump is doing way better than Obama.

Reducing the unemployment rate when it is already below 5% is fairly difficult to do even once, much less multiple times with rising interest rates. Even Bush’s good employment periods never got under 4.5% unemployment.

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




In short, there was no upward trajectory to the economy on anyone's radar when Trump took office.” Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump





Economist Paul Krugman predicts a 'global recession with no end in sight' if Trump wins
Nobel Prize-winning economist Paul Krugman predicts a "global recession with no end in sight" if Donald Trump is elected president:
Economist Paul Krugman predicts a 'global recession with no end in sight' if Trump wins



Steven Rattner: If ‘Trump Wins You Will See a Market Crash of Historic Proportions’
Steven Rattner: If ‘Trump Wins You Will See a Market Crash of Historic Proportions’

 

[Faun]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

Of course the state of the economy is the responsibility of the current president. But if he is going to take credit for positive change then the %change needs to be reviewed and compared to past administrations. Wouldn’t you agree?

No, that’s fking stupid

Well if Trump is doing a better job than Obama, why is employment growing at the same pace under both presidents?

That means Trump is doing way better than Obama.

Reducing the unemployment rate when it is already below 5% is fairly difficult to do even once, much less multiple times with rising interest rates. Even Bush’s good employment periods never got under 4.5% unemployment.

Sure, if you ignore the fact that Obama inherited a deficit on pace to hit $2 trillion compared to trump who inherited one 1/3 of that; and that Obama inherited a cratered economy, which greatly contributed to the debt, compared to trump who inherited a strong economy and growing, where the debt should’ve been reduced, Not expanded by $1.3 trillion.

 

[Faun]

'The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)'

Recession

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

These are government statistics from the BEA.

As you can see, though there were two quarters of contraction in 2001...they were not consecutive.

Therefore - IMO - there was no technical recession in 2001.

Just sayin'....

So the media was reporting fake news back then also?

Nope.

Well as soon as Bush became president the media started reporting reccession.

There was no recession until March, 2001. And it wasn’t declared official until November, 2001. And even then, there might not have been a recession at all if not for 9.11, according to the NBER.

But according to morons like you, that means Bush inherited a recession.

What monetary policies did Bush implement in the 2 months between January 2001 when he took office and March 2001, when you claim the recession began.?

It was a combination of talking down the economy and doing nothing to prevent 9.11, which the NBER said may have been the determining factor.

 

[edward37]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

Of course the state of the economy is the responsibility of the current president. But if he is going to take credit for positive change then the %change needs to be reviewed and compared to past administrations. Wouldn’t you agree?

No, that’s fking stupid

Well if Trump is doing a better job than Obama, why is employment growing at the same pace under both presidents?

That means Trump is doing way better than Obama.

Reducing the unemployment rate when it is already below 5% is fairly difficult to do even once, much less multiple times with rising interest rates. Even Bush’s good employment periods never got under 4.5% unemployment.

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




In short, there was no upward trajectory to the economy on anyone's radar when Trump took office.” Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump





Economist Paul Krugman predicts a 'global recession with no end in sight' if Trump wins
Nobel Prize-winning economist Paul Krugman predicts a "global recession with no end in sight" if Donald Trump is elected president:
Economist Paul Krugman predicts a 'global recession with no end in sight' if Trump wins



Steven Rattner: If ‘Trump Wins You Will See a Market Crash of Historic Proportions’
Steven Rattner: If ‘Trump Wins You Will See a Market Crash of Historic Proportions’

DOW off 267 NAS 132 Tired of all that winning Republican sheep ??? Baaaaaaaaaaaaaaaaaa

 

[Norman]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

 

[Faun]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

LOL

It’s been ”TRIUMPHING” for almost 9 years now. Glad to see you finally noticed.

 

[PoliticalChic]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

LOL

It’s been ”TRIUMPHING” for almost 9 years now. Glad to see you finally noticed.

Let's smash another custard pie in your ugly kisser:

1. “…during the Obama administration, the Gross Domestic Product never exceeded 3 percent annually. Obama said the days of strong economic growth were behind us, that many manufacturing jobs were lost and not returning and that candidate Trump didn't have a "magic wand" to fix the economy. But in the second quarter of this year, economic growth exceeded 4 percent and manufacturing jobs are making a comeback.

By the time Obama left office, the unemployment rate had declined from a high approaching 8 percent at the start of his administration to just under 5 percent, but was beginning to tick back upward, according to the Bureau of Labor Statistics.
Obama Goes on Attack, But Arguments Fall Flat Against Trump Successes


2. "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.
...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 —"
Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump




3. "In short, there was no upward trajectory to the economy on anyone's radar when Trump took office.” Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump

 

[edward37]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

 

[PoliticalChic]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

But.....we are still winning: Hillary is banished.


And....

1.”Small business optimism surges to highest level ever, topping previous record under Reagan”

Small business optimism surges to highest level ever, topping previous record under Reagan


2. “U.S. job openings climb to record 6.9 million” U.S. job openings climb to record 6.9 million

3. “House Republicans Unveil Plan to Make Individuals’ Tax Cuts Permanent”
House Republicans Unveil Plan to Make Individuals’ Tax Cuts Permanent

4. “Airlines say booming US economy led to record summer travel”
Airlines say booming US economy led to record summer travel

5. Las Vegas is booming again
Few cities were hit as hard as Las Vegas by the 2008 financial crisis and recession, which eroded consumer spending on the sort of fast thrills the city had to offer and left it with the highest foreclosure rate in the nation. Home prices plummeted 62 percent from their peak in 2006 to their bottom in 2012, according to data from ATTOM Data Solutions, a real estate tracking firm.” Las Vegas is booming again, and bracing itself for next slump | Reuters




Every day you appear more jealous and envious.

Not good for your health, eddie.....

 

[jc456]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

Kavanaugh a supreme court justice, hell I love winning.

 

[Meathead]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

You realize we're talking about a Trumpian DOW of 26,000+, not an anemic Obama DOW. A fall of (0.01%), right?

 

[PoliticalChic]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

You realize we're talking about a Trumpian DOW of 26,000+, not an anemic Obama DOW. A fall of (0.01%), right?

What eddie is really saying is that he hitched his wagon to the wrong donkey.

 

[edward37]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

SP 500 longest losing streak in 2 years

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

But.....we are still winning: Hillary is banished.


And....

1.”Small business optimism surges to highest level ever, topping previous record under Reagan”

Small business optimism surges to highest level ever, topping previous record under Reagan


2. “U.S. job openings climb to record 6.9 million” U.S. job openings climb to record 6.9 million

3. “House Republicans Unveil Plan to Make Individuals’ Tax Cuts Permanent”
House Republicans Unveil Plan to Make Individuals’ Tax Cuts Permanent

4. “Airlines say booming US economy led to record summer travel”
Airlines say booming US economy led to record summer travel

5. Las Vegas is booming again
Few cities were hit as hard as Las Vegas by the 2008 financial crisis and recession, which eroded consumer spending on the sort of fast thrills the city had to offer and left it with the highest foreclosure rate in the nation. Home prices plummeted 62 percent from their peak in 2006 to their bottom in 2012, according to data from ATTOM Data Solutions, a real estate tracking firm.” Las Vegas is booming again, and bracing itself for next slump | Reuters




Every day you appear more jealous and envious.

Not good for your health, eddie.....

WYNN ,,
Day's Range 116.39 - 121.10
52 Week Range 114.46 - 203.63
Volume 765,615
Avg. Volume 2,582,452

 

[edward37]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

You realize we're talking about a Trumpian DOW of 26,000+, not an anemic Obama DOW. A fall of (0.01%), right?

What eddie is really saying is that he hitched his wagon to the wrong donkey.

DOW off 416

 

[PoliticalChic]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

You realize we're talking about a Trumpian DOW of 26,000+, not an anemic Obama DOW. A fall of (0.01%), right?

What eddie is really saying is that he hitched his wagon to the wrong donkey.

DOW off 416

Eddie....have a drink after each of your defeats, and you won't even know about 'em.

 

[Faun]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

LOL

It’s been ”TRIUMPHING” for almost 9 years now. Glad to see you finally noticed.

Let's smash another custard pie in your ugly kisser:

1. “…during the Obama administration, the Gross Domestic Product never exceeded 3 percent annually. Obama said the days of strong economic growth were behind us, that many manufacturing jobs were lost and not returning and that candidate Trump didn't have a "magic wand" to fix the economy. But in the second quarter of this year, economic growth exceeded 4 percent and manufacturing jobs are making a comeback.

By the time Obama left office, the unemployment rate had declined from a high approaching 8 percent at the start of his administration to just under 5 percent, but was beginning to tick back upward, according to the Bureau of Labor Statistics.
Obama Goes on Attack, But Arguments Fall Flat Against Trump Successes


2. "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.
...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 —"
Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump




3. "In short, there was no upward trajectory to the economy on anyone's radar when Trump took office.” Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump

I got as far as ...

”Gross Domestic Product never exceeded 3 percent annually.”​

... let me know when your hero, trump, accomplishes that.

 

[TheDude]

It could have been Obama's if he knew jack about economies and business. Too late now.

My 14 year old could have done what the Kenyan did for the economy with $10 trillion dollars from good Americans.

The Great Obama stopped a Depression

The greatest Republican minds of the day couldn’t do it

That's odd. Strikes me the Dems. controlled the senate and house when we dove into the recession, and we didn't see improvement until after the Reps. took the house.

 

[edward37]

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

You realize we're talking about a Trumpian DOW of 26,000+, not an anemic Obama DOW. A fall of (0.01%), right?

What eddie is really saying is that he hitched his wagon to the wrong donkey.

DOW off 416

Eddie....have a drink after each of your defeats, and you won't even know about 'em.

Win some lose some........
Day Change
-$133,313.66

 

[Faun]

If the state of the current economy doesn’t lie with the sitting POTUS couldn’t one make the retarded argument that all things happening were destined to happen based on happenings from decades or even centuries ago?
Sounds LibTardish as hell doesn’t it?

This is the TRUMP economy, and it's TRIUMPHING.

DOW down 311 NAS down 128 Tired of winning yet repubs???

You realize we're talking about a Trumpian DOW of 26,000+, not an anemic Obama DOW. A fall of (0.01%), right?

The Dow is up about 30% under Trump. It rose about 200% under Obama after bottoming out during the Great Bush Recession.