You Can't Make This Stuff Up!

[PoliticalChic]

Having accomplished the miraculous ability of being a stuffed shirt and and empty suit at the very same time, Hussein Obama actually believes he is responsible for the astounding turn-around in the economy since he was banished.




Obama, leaving this record behind....

1.“Team Obama: Sorry, America, the ‘new normal’ may be here to stay

The good times may be over for good. In a speech to the Economic Club of New York yesterday, US Treasury Secretary Jack Lew said the US GDP growth rate, adjusted for inflation, is now projected to run a little above 2% a year.”
Team Obama: Sorry, America, the 'new normal' may be here to stay - AEI




2. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0




3. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion | Investor's Business Daily

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

b. ".... first president since Hoover to never have a single year above 3% GDP growth."Hedge fund billionaire calls Obama economy 'amazing'






4. Now....a headline that might as well belong in the Humor forum:

"Obama Complains About Trump Taking Credit for Strong Economy"
Obama Complains About Trump Taking Credit for Strong Economy


5. Here, Obama Complaining:

 

[Tax Man]

This is not a joke! He is responsible for the economic growth. I say that because he was thwarted at every position in his effort to repair America after the conservative debacle of Booooosh.

 

[Manonthestreet]

Trump has set economic growth on fire. Here is how he did it

 

[PoliticalChic]

This is not a joke! He is responsible for the economic growth. I say that because he was thwarted at every position in his effort to repair America after the conservative debacle of Booooosh.

"This is not a joke! He is responsible for the economic growth."


Judging by the source of the above quote.....the premise of the OP has been proven.

 

[PoliticalChic]

Trump has set economic growth on fire. Here is how he did it

That was a great article....you should have added some quotes from same.

 

[PoliticalChic]

 

[B. Kidd]

Obies audience was a bunch of wild-eyed students from wonderland who would've believed that he invented sliced bread if he told them so.

 

[Siete]

TRUMP: “We’re having the best economy we’ve ever had in the history of our country.” — remarks in Granite City, Illinois.

THE FACTS: Even allowing for some Trumpian exaggeration, this overstates things.

The unemployment rate is near a 40-year low and growth is solid, but by many measures the current economy trails other periods in U.S. history. Average hourly pay, before adjusting for inflation, is rising at about a 2.5 percent annual rate, below the 4 percent level reached in the late 1990s when the unemployment rate was as low as it is now.

Pay was growing even faster in the late 1960s, when the jobless rate remained below 4 percent for nearly four years. And economic growth topped 4 percent for three full years from 1998 through 2000, an annual rate it hasn’t touched since.

___

TRUMP, on GDP figures: “On Friday, the numbers come out, and I don’t know what they are, but there are predictions from 3.8 to 5.3. … Nobody thought we were going to be this great. … When I took over, those numbers were bad, and they were heading in the wrong direction, because of regulation. Really the taxes were too high … jobs were, forget it.” — remarks at workforce event in Peosta, Iowa.

THE FACTS: Economists do expect a strong number for growth in the April-June quarter, but it is likely to be a temporary bounce. And the U.S. economy wasn’t doing nearly as bad before Trump took office as he suggests.

Few economists doubted that growth could accelerate after the Trump administration’s tax cuts were passed last year, and Congress approved a big increase in government spending earlier this year.

But the skepticism Trump describes centers on whether the second quarter’s outsize growth can be sustained. The economy faces two significant structural drags: an aging population, which means fewer people are working and more are retired, and weak productivity growth, which means that those who are working aren’t increasing their output as quickly as in the past.



Trump’s tax cuts can stimulate faster growth by putting more money in people’s pockets, but most economists expect the effect will be temporary, as those two trends act like gravity and pull the economy’s longer-term growth lower.

When the Commerce Department releases the growth figures for the April-June quarter Friday morning, economists forecast they will show the economy expanded at a 4.1 percent annual rate, according to data provider FactSet. Some analysts have said the figure could reach as high as 5 percent.

Americans have ramped up their spending after cutting back in the first three months of the year, encouraged by tax cuts that have left more money in their pockets. Yet the tax cuts provide a one-time lift to take-home pay and will likely have less impact next year, analysts say.

A large, temporary surge in agricultural exports, specifically soybeans, should also juice growth in the second quarter. Exports of U.S. soybeans soared as companies sought to ship them to China before that country slapped tariffs on them in retaliation for U.S. tariffs on Chinese goods. Daniel Silver, an economist at JPMorgan Chase, forecast that soybean exports alone likely boosted GDP by 0.5 percentage point in the second quarter.

Many economists forecast growth will drop back to roughly 2.5 percent to 3 percent in the third quarter.

For the year, the economy is likely to expand at a 3 percent pace or more for the first time since 2005. But most economists forecast it will fall back below 3 percent soon afterward.

It’s not unusual for the economy to surge forward temporarily. Growth reached 5.2 percent in the third quarter of 2014, before falling back to 2 percent in the next quarter.

Growth also wasn’t as bad when he took office as Trump claims. The economy expanded 2.9 percent in 2015, though it slowed the following year. Businesses added 2.3 million jobs in 2016, before Trump took office, more than the 2.2 million gained in 2017.

___

TRUMP: “The Canadians, you have a totally closed market … they have a 375 percent tax on dairy products, other than that it’s wonderful to deal. And we have a very big deficit with Canada, a trade deficit.” — remarks in Peosta, Iowa.

THE FACTS: No, it’s not totally closed. Because of the North American Free Trade Agreement, Canada’s market is almost totally open to the United States. Each country has a few products that are still largely protected, such as dairy in Canada and sugar in the United States.

Trump also repeated his claim that the U.S. has a trade deficit with Canada, but that is true only in goods. When services are included, such as insurance, tourism, and engineering, the U.S. had a $2.8 billion surplus with Canada last year.

 

[PoliticalChic]

Obies audience was a bunch of wild-eyed students from wonderland who would've believed that he invented sliced bread if he told them so.

No doubt.


Bet they never got the chance to mull over this question:

What benefit did America, or the world, accrue by guaranteeing nuclear weapons to the world's worst state sponsor of terrorism?

 

[PoliticalChic]

TRUMP: “We’re having the best economy we’ve ever had in the history of our country.” — remarks in Granite City, Illinois.

THE FACTS: Even allowing for some Trumpian exaggeration, this overstates things.

The unemployment rate is near a 40-year low and growth is solid, but by many measures the current economy trails other periods in U.S. history. Average hourly pay, before adjusting for inflation, is rising at about a 2.5 percent annual rate, below the 4 percent level reached in the late 1990s when the unemployment rate was as low as it is now.

Pay was growing even faster in the late 1960s, when the jobless rate remained below 4 percent for nearly four years. And economic growth topped 4 percent for three full years from 1998 through 2000, an annual rate it hasn’t touched since.

___

TRUMP, on GDP figures: “On Friday, the numbers come out, and I don’t know what they are, but there are predictions from 3.8 to 5.3. … Nobody thought we were going to be this great. … When I took over, those numbers were bad, and they were heading in the wrong direction, because of regulation. Really the taxes were too high … jobs were, forget it.” — remarks at workforce event in Peosta, Iowa.

THE FACTS: Economists do expect a strong number for growth in the April-June quarter, but it is likely to be a temporary bounce. And the U.S. economy wasn’t doing nearly as bad before Trump took office as he suggests.

Few economists doubted that growth could accelerate after the Trump administration’s tax cuts were passed last year, and Congress approved a big increase in government spending earlier this year.

But the skepticism Trump describes centers on whether the second quarter’s outsize growth can be sustained. The economy faces two significant structural drags: an aging population, which means fewer people are working and more are retired, and weak productivity growth, which means that those who are working aren’t increasing their output as quickly as in the past.



Trump’s tax cuts can stimulate faster growth by putting more money in people’s pockets, but most economists expect the effect will be temporary, as those two trends act like gravity and pull the economy’s longer-term growth lower.

When the Commerce Department releases the growth figures for the April-June quarter Friday morning, economists forecast they will show the economy expanded at a 4.1 percent annual rate, according to data provider FactSet. Some analysts have said the figure could reach as high as 5 percent.

Americans have ramped up their spending after cutting back in the first three months of the year, encouraged by tax cuts that have left more money in their pockets. Yet the tax cuts provide a one-time lift to take-home pay and will likely have less impact next year, analysts say.

A large, temporary surge in agricultural exports, specifically soybeans, should also juice growth in the second quarter. Exports of U.S. soybeans soared as companies sought to ship them to China before that country slapped tariffs on them in retaliation for U.S. tariffs on Chinese goods. Daniel Silver, an economist at JPMorgan Chase, forecast that soybean exports alone likely boosted GDP by 0.5 percentage point in the second quarter.

Many economists forecast growth will drop back to roughly 2.5 percent to 3 percent in the third quarter.

For the year, the economy is likely to expand at a 3 percent pace or more for the first time since 2005. But most economists forecast it will fall back below 3 percent soon afterward.

It’s not unusual for the economy to surge forward temporarily. Growth reached 5.2 percent in the third quarter of 2014, before falling back to 2 percent in the next quarter.

Growth also wasn’t as bad when he took office as Trump claims. The economy expanded 2.9 percent in 2015, though it slowed the following year. Businesses added 2.3 million jobs in 2016, before Trump took office, more than the 2.2 million gained in 2017.

___

TRUMP: “The Canadians, you have a totally closed market … they have a 375 percent tax on dairy products, other than that it’s wonderful to deal. And we have a very big deficit with Canada, a trade deficit.” — remarks in Peosta, Iowa.

THE FACTS: No, it’s not totally closed. Because of the North American Free Trade Agreement, Canada’s market is almost totally open to the United States. Each country has a few products that are still largely protected, such as dairy in Canada and sugar in the United States.

Trump also repeated his claim that the U.S. has a trade deficit with Canada, but that is true only in goods. When services are included, such as insurance, tourism, and engineering, the U.S. had a $2.8 billion surplus with Canada last year.

"Obama’s remarks came on the heels of the August jobs report, which found that the United States created 201,000 new jobs in August.

But it’s not just Trump giving himself credit for the strong economy – economists are as well.


CNBC called the American economy a “tremendous achievement” for Trump, highlighting that “during his time in office, the economy has achieved feats most experts thought impossible. GDP is growing at a 3-percent plus rate. The unemployment rate is near a 50-year low. Meanwhile, the stock market has jumped 27 percent amid a surge in corporate profits.”
Op. Cit.

 

[Natural Citizen]

Well, I disagree that the economy has turned around. The whole thing is distorted, and all of those graphs and charts we see passed around are only reflections of the distortion.

End of the day, we're 21 trillion in debt, and our dollar is worth precisely 4 cents. The rest of the world who depend on the dollar aren't going to settle for what's happening. Weve already seen the creation of the Asian and BRICS banks. The table is set for a move in another direction. And we're starting to see that many of these nations are starting to merge in their respective space programs. Every single bit of financial clearing among nations happens in space. And recall that the majority of the NSA spying a few years ago was not on our phone calls. The majority of the NSA spying, though it was rarely discussed, was on the financial transactions of foreign nations. Those nations have since wised up. Thus the President's space force. The feds want to see who is buying what and what they're buying it with, if it's not the dollar.

True story. Take it for what it's worth. That's all I have to say about it.

 

[Pete7469]

The meat puppet and his fellow travelers deliberately stifled the economy.

There's no way it ran like a raped ape once the moonbat messiah let go of it's ass if that wasn't the case.


.

 

[Vastator]

Not sure I understand the cartoon...
On one hand one might simply surmise that trump broke the chain, allowing our economy to soar...
However... The tool in his hand is designed to close a ring, like one would use to bind a chain; suggesting he was trying to tether our economy, to the anchor of taxes...
Not sure what the artist is getting at...

 

[shockedcanadian]

Having accomplished the miraculous ability of being a stuffed shirt and and empty suit at the very same time, Hussein Obama actually believes he is responsible for the astounding turn-around in the economy since he was banished.




Obama, leaving this record behind....

1.“Team Obama: Sorry, America, the ‘new normal’ may be here to stay

The good times may be over for good. In a speech to the Economic Club of New York yesterday, US Treasury Secretary Jack Lew said the US GDP growth rate, adjusted for inflation, is now projected to run a little above 2% a year.”
Team Obama: Sorry, America, the 'new normal' may be here to stay - AEI




2. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0




3. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion | Investor's Business Daily

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

b. ".... first president since Hoover to never have a single year above 3% GDP growth."Hedge fund billionaire calls Obama economy 'amazing'






4. Now....a headline that might as well belong in the Humor forum:

"Obama Complains About Trump Taking Credit for Strong Economy"
Obama Complains About Trump Taking Credit for Strong Economy


5. Here, Obama Complaining:

Of all the stuff Obama has said and done, this really takes some chutzpah.

 

[Toddsterpatriot]

This is not a joke! He is responsible for the economic growth. I say that because he was thwarted at every position in his effort to repair America after the conservative debacle of Booooosh.

I say that because he was thwarted at every position in his effort to repair America after the conservative debacle of Booooosh.

He had huge majorities in the House and Senate, how was he thwarted?

 

[PoliticalChic]

Well, I disagree that the economy has turned around. The whole thing is distorted, and all of those graphs and charts we see passed around are only reflections of the distortion.

End of the day, we're 21 trillion in debt, and our dollar is worth precisely 4 cents. The rest of the world who depend on the dollar aren't going to settle for what's happening. Weve already seen the creation of the Asian and BRICS banks. The table is set for a move in another direction. And we're starting to see that many of these nations are starting to merge in their respective space programs. Every single bit of financial clearing among nations happens in space. And recall that the majoruity of the NSA spying a few years ago was not on our phone calls. The majority of the NSA spying, though it was rarely discussed, was on the financial transactions of foreign nations. Those nations have since wised up. Thus the President's space force. The feds want to see who is buying what and what they're buying it with, if it's not the dollar.

True story. Take it for what it's worth. That's all I have to say about it.

"Well, I disagree that the economy has turned around."


Let's see if I can help...


60. "US private sector added 250,000 jobs in Dec, vs estimate of 190,000: ADP

The report helped send the Dow to break the 25,000 mark for the first time."

Private sector job creation surged in December as holiday shopping boomed


61. "Hispanic unemployment at all-time low under Trump" Hispanic unemployment at all-time low under Trump

"Black Unemployment Rate Lowest in 17 Years"
Black Unemployment Rate Lowest in 17 Years


Maybe you remember this nightmare:
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
http://newsbusters.org/blogs/noel-s...st-ground-every-single-economic#ixzz2hihAOpVl

62."Customers Get A Break As Utilities' Tax Bill Drops
Tax savings for the industry are expected to be substantial. The Penn Wharton Budget Model at the University of Pennsylvania said utilities will pay $1.1 billion less in taxes this year than if the law had not been enacted, $1.9 billion less in 2019 and more than $5 billion less in 2020.
Numerous state regulatory agencies in the U.S. are similarly cutting rates to reflect lower taxes."
Customers Get A Break As Utilities' Tax Bill Drops

63. "U.S. Manufacturing Output Rose in December for Fourth Month
...the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances, Federal Reserve data showed Wednesday.
Factory output increased at a 7 percent annualized rate in the fourth quarter,..."
U.S. Manufacturing Output Rose in December for Fourth Month

This....since we got rid of that dead weight President, Hussein

What happens when you kick out the tax-and-spend Democrats?
This:

64. "It looks like Apple is bringing back home nearly all of its $250 billion in foreign cash

• Apple "anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made," the company said."
• It looks like Apple is bringing back home nearly all of its $250 billion in foreign cash

Trump.....unbelievable!!!!


He won again!!!!




65. "China's Xi Jinping says tariffs on car imports will be cut this year

Chinese President Xi Jinping on Tuesday said his government would "significantly lower" tariffs on vehicle imports this year as part of efforts to further open its giant economy to the world.

The pledge addresses one of the gripes of US President Donald Trump, who has threatened to impose new tariffs on $150 billion of Chinese goods in a trade dispute between the world's two largest economies. Experts cautioned, though, that Xi's comments may not do much to resolve the conflict, which has rocked markets in recent weeks."

China's Xi Jinping says tariffs on car imports will be cut this year



No wonder the Left hates him!!!!!!


66. Can you imagine the ticker-tape parades if Hussein had had these achievements??????


"Jobless claims rise modestly; Americans receiving unemployment aid lowest since 1973

• Weekly jobless claims increased less than expected last week and the number of Americans receiving unemployment aid fell to its lowest level since 1973
• Economists polled by Reuters had forecast claims rising to 225,000 in the latest week.
• The four-week moving average of initial claims fell to the lowest level since March 1973." Jobless claims rise modestly; Americans receiving unemployment aid lowest since 1973

67. Hispanic-Latino Unemployment Rate Hits Lowest Level on Record in June Hispanic-Latino Unemployment Rate Hits Lowest Level on Record in June
68. “GREAT AGAIN: More Jobs than WORKERS for the First Time In US HISTORY” GREAT AGAIN: More Jobs than WORKERS for the First Time In US HISTORY | Sean Hannity

69. "Dow surges more than 150 points in sudden move after Trump reportedly gets concessions from EU to avoid a trade war"

Dow surges more than 150 points after Trump reportedly gets concessions from EU to avoid a trade war


70. "U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump"

Terms of Service Violation



“We are now on track to reach GDP annual growth of over 3%... Each point, by the way, means approximately $3 trillion and 10 million jobs,” @POTUS says https://cbsn.ws/2JZ4YIt

CBS News on Twitter


71. "Pence and other Trump enthusiasts can point to increasing macroeconomic growth. Growth rose 4.1 percent in the second quarter and is up more than 3 percent for the year. Unemployment was down to 3.9 percent in July. The S&P 500 stock index is up 6 percent since the Trump presidency, while the rest of the world's stock markets are down 6 percent. These are numbers any recent administration would boast about.


More notable are positive trends among subgroups that weren't doing so well before Trump took office. Former Obama administration chief economic adviser Jason Furman, writing for Vox, notes that in the past three years "recent wage growth ... at the low end of the wage scale" is stronger than growth among the higher-paid. Similarly, Bloomberg columnist and portfolio manager Conor Sen makes the point that job growth has been greatest among "goods-producing workers and the least-educated workers."

Michael Barone - Has Trump Delivered on His Economic Promises?


72. “Atlanta Fed predicts 5% jump in economic growth for third quarter The central bank district estimates that GDP will increase 5 percent for the July-to-September period, according to an update posted Wednesday.

If the forecast is accurate, it will come on top of a strong 4.1 percent second quarter…” Atlanta Fed predicts 5% jump in economic growth for third quarter

73. “Economy adds more jobs than expected in August, and wage growth hits post-recession high”
Economy adds more jobs than expected in August, and wage growth hits post-recession high

 

[Toddsterpatriot]

Well, I disagree that the economy has turned around. The whole thing is distorted, and all of those graphs and charts we see passed around are only reflections of the distortion.

End of the day, we're 21 trillion in debt, and our dollar is worth precisely 4 cents. The rest of the world who depend on the dollar aren't going to settle for what's happening. Weve already seen the creation of the Asian and BRICS banks. The table is set for a move in another direction. And we're starting to see that many of these nations are starting to merge in their respective space programs. Every single bit of financial clearing among nations happens in space. And recall that the majority of the NSA spying a few years ago was not on our phone calls. The majority of the NSA spying, though it was rarely discussed, was on the financial transactions of foreign nations. Those nations have since wised up. Thus the President's space force. The feds want to see who is buying what and what they're buying it with, if it's not the dollar.

True story. Take it for what it's worth. That's all I have to say about it.

and our dollar is worth precisely 4 cents.

My dollars are worth a buck!

 

[PoliticalChic]

Not sure I understand the cartoon...
On one hand one might simply surmise that trump broke the chain, allowing our economy to soar...
However... The tool in his hand is designed to close a ring, like one would use to bind a chain; suggesting he was trying to tether our economy, to the anchor of taxes...
Not sure what the artist is getting at...

Are you serious?

 

[Timmy]

Go ahead and post any economic indicator chart or graph or whatever over the last 10 years .

I challenge you . Pick anyone you want ! Anyone !

You trump cultists think the US was a mess until the day Don walked into office .

 

[PoliticalChic]

Having accomplished the miraculous ability of being a stuffed shirt and and empty suit at the very same time, Hussein Obama actually believes he is responsible for the astounding turn-around in the economy since he was banished.




Obama, leaving this record behind....

1.“Team Obama: Sorry, America, the ‘new normal’ may be here to stay

The good times may be over for good. In a speech to the Economic Club of New York yesterday, US Treasury Secretary Jack Lew said the US GDP growth rate, adjusted for inflation, is now projected to run a little above 2% a year.”
Team Obama: Sorry, America, the 'new normal' may be here to stay - AEI




2. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0




3. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion | Investor's Business Daily

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

b. ".... first president since Hoover to never have a single year above 3% GDP growth."Hedge fund billionaire calls Obama economy 'amazing'






4. Now....a headline that might as well belong in the Humor forum:

"Obama Complains About Trump Taking Credit for Strong Economy"
Obama Complains About Trump Taking Credit for Strong Economy


5. Here, Obama Complaining:

Of all the stuff Obama has said and done, this really takes some chutzpah.

The dope actually believes what the sycophants have been telling him....

....probably believes he is god, Jesus, and the messiah, as they claimed in '08.




Hard to determine who is sicker.