Trump boom - 2.3% growth for 2017, slowest job growth in 6 years

[protectionist]

If by free fall you mean Obama's unemployment rate, then you would be correct.

That's NOT what I mean, and you know it. I mean GDP growth, which in Obama's final (and most illustrative) 6 months (June 2016 - January 2017) sunk from 2.8 to a pitiful 1.2.

And this wasn't Obama's only sinkage. Earlier, starting in July 2016, his GDP numbers sank from the same 2.7, down to an even more pitiful 0.5, and stayed there for 6 months.

 

[protectionist]

But Obama and Trump know they need/needed to stimulate the economy to get re-elected.

In Trumps case it will be for the benefit of Pres. Pence however -- after the impeachment.

If that unikely event were to happen, the Democrats who brought it about, would find themselves with a considerably MORE CONSERVATIVE POTUS than was the case with Trump. One wonders what they could be thinking.

 

[protectionist]

So Obama's stock market was 26,616 and Tramp's is now 24,777, and Obama's UE rate was 4.1% and Tramp's is now 3.9%.

The lowering of the US unemployment rate is much greater than the 0.2% that you cite. That's because of the great decrease of illegal aliens working in the US, as a result of the great increase in deportations of them.

The fault lies with the faulty practice of defining Mexicans (et al countries) working in the US, as part of the US employed, which they are not. Although residing in the US, they are Mexicans, not Americans, and part of Mexico's employment, not America's.

Furthermore, the jobs the Mexicans occupy, represent more US unemployment, with the jobs existing, and Americans not in them. This unreported aspect of unemployment has gone down, in 2017-2018, as the deportation rate has risen.

So, the real unemployment rate now, is probably closer to 3% rather than 4%.

 

[protectionist]

What is most frightening about the low US economy is the massive Federal deficits required to maintain it.

But for these massive Federal deficits the US would be in a deep recession still.

So anemic growth is better than no growth at all.

I wouldn't call going from 1.2% to 3.2% GDP, "anemic growth". And that's ignoring that it was 0.5%, only a year earlier.

 

[protectionist]

I remember when Tramp's Q1 GDP came back as 1.2%, the Right said it was due to the severe winter weather, but now that they are trying to hang Tramp's Q1 GDP around Obama's neck, it was Obama policies and not the weather.

I never heard anything about the weather. Even schoolkids know that a president's first quarter is a lag time overlap reflection of the previous president.

Everybody knows a president can't transform economics instantaneously.

 

[ABikerSailor]

Bullshit, the reasonable standard is 1 year, you don't just get to make up whatever suits your immediate argument.

Trump didn't do anything that would be already be reflected in 2017 economy.

LOL. Of course he did. he did quite a number of things. Lowering the corporate tax (a lot). Putting tariffs on foreign goods coming here, abolishing catch & release, and getting rid of illegal alien pillagers of our economy ($138 Billion/year remittances$$), encouraging businesses to move back to the USA, reducing business regulation enormously, ...to name a bunch.

And call it how you wish. Obama's economy was SINKING. Trump brought a recovery, and I just showed how.

Trump took office in January, but he didn't get his tax plan passed until December, and it didn't take effect until February. Sorry, but the tax plan had zero effect on the 2017 economy.

 

[protectionist]

Trump took office in January, but he didn't get his tax plan passed until December, and it didn't take effect until February. Sorry, but the tax plan had zero effect on the 2017 economy.

Nice try, but that was already well addressed, 3 hours ago (see Post # 200)

Helps if you read the thread, before posting.

 

[Andylusion]

The economy grew at a 2.6 percent rate to end 2017, the Department of Commerce reported...For all of 2017, GDP growth was 2.3 percent

GDP growth slowed to 2.6 percent to end 2017


Dang! That Trump fella sure turned things around!

That's not what these Dept of Commerce stats show (from TradingEconomics.com)

And even a 2.3% is a lot better than the 1.2% that Obama left office with, in January 2017.

Dummy, Q1 includes the following months - Jan, Feb, March. It was two-thirds+ on Trump's term.

Trump promised 4-5% growth and he has yet to post even a SINGLE quarter like that (Obama had a few). He also promised way more job growth than Obama, so far he has had slower growth.

Sort of like how Obama promised that spending almost $1 Trillion dollars in stimulus would keep unemployment at 6%, and full recovery in 2 years.

The difference is, Trump (so far) didn't spend almost a trillion dollars to get the economic gains we have.

That's way better, by any stretch.