Nostra
Diamond Member
- Oct 7, 2019
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- #81
Barry Hussein had nothing to do with increased oil/gas production in the USA. Quite the opposite, he closed off tons of water and land to exploration. All increases came on private land.As usual, you're only showing part of the data. Obama's highest wage growth was in November, 2016. That was business and industry's anticipation of Trump being elected. The majority of Obama's presidency showed very weak wage growth. Just look how far it dropped withing the first two years of the Obama presidency...
Any way you look at it, Obama's economy was a failure.
Wage growth was >3% throughout all of 2016, there was no spike in November 2016 as a result of the election, nor would anyone with any business experience expect employers to suddenly give people raises solely as a result of the election.
The larger overall trend is that wages fell during the recession (obviously) and slowly started increasing over the course of the recovery from the recession as the labor market tightened and unemployment fell. If you look at wage growth from 2016 and 2017-2018, it's hardly different and any actual increase is a part of the ongoing tightening of the labor market which is a process that had been going on for years.
....and in spite of all that, you still can't prove how Trump's economy is going horribly wrong.
It’s not going horribly wrong. It’s fine. It’s not booming. It’s just kinda creeping along at the same rate that 3 years ago Trump was telling people was a total disaster and the worst thing in the world.
How so? 3 years ago we weren't a net exporter of oil and gas, were we? Is that another reason Trump is "riding on Obama's coattails"?
How about the record-low unemployment for blacks, Hispanics, and women? Obama didn't build that. Someone else made that happen.
We didn’t become a net oil/gas exporter overnight. Net imports have been falling for a decade. It just now crossed the zero line. Unemployment has been falling for all ethnic groups.
You’re just pointing at the results of trends which have been going on ever since the recession hit. Why should I give Trump any extra credit over Obama just because the trend continued?
Trump has opened up a lot of public land/water to exploration.
Obama sucked.