Ah yes, all the qualifications we want in a president. What a spirited defense of dear leader.
Well let's see, no new wars and a better economy.
Seems like we need to start electing idiot crazy people to achieve this kind of success.
Who knew?
Better economy? 2.2% in 2017 and 2.9% in 2018...and Trump promised 4% GDP growth.
The Strange Ups and Downs of the U.S. Economy Since 1929
And the current Atlanta Fed estimate of Q1 GDP growth is lousy - 0.4%.
GDPNow - Federal Reserve Bank of Atlanta
- The DOW was down for the year in 2018 for the first time since the end of the Great Recession. Nothing to brag about there.
- Trump is currently running over $900 billion for current FY deficit...which is pathetic. And his budget is calling for over a $900 billion deficit for the next FY...in a best case scenario. Which is again pathetic.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf
https://www.whitehouse.gov/wp-content/uploads/2018/02/budget-fy2019.pdf Page 119
- Trump promise 'America First'...but actually increased the numbers of troops in Afghanistan.
- promised a huge infrastructure program...nope.
- promised an Obamacare replacement...nope.
- and forget bragging about the unemployment rate as Trump rightly called that - during the campaign - a 'hoax'.
Donald Trump Calls Unemployment Rate One of the "Biggest Hoaxes in Politics"
- the LARGEST goods trade deficit in HISTORY.
The U.S. Now Has the Largest Trade Deficit In the History of the Country
Soooo more US involvement overseas, an economy stuck under 3% real GDP growth, a stagnating stock market (it is lower now then it was last August), a GIANT budget deficit (an idiot can spend more then he brings in), a record BAD goods trade deficit...oh, and no wall.
Yeah...he is friggin' brilliant.
McR, you have several good points in your post:
1. The GDP has improved, and should stabilize around 3%, that's still a lot better than BO's 1.8% (coming out of a recession, w/low interest rates?!)
2. The 2017 GDP was 2.2%. 2018 was 2.9%, and 2019 is projected at 2.2% United States GDP Growth Rate | 2019 | Data | Chart | Calendar | Forecast (still better than 1.8%)
3. The DOW had a mini-crash due to the Fed raising rates too fast. That was not Trump's fault. Keep watching it...
4. The $900b budget deficit is my biggest disappointment with Trump/GOP. The top rate should have been raised, not cut
5. Obamacare was there to be removed, but McCain's ego got in the way, not Trump's fault
6. Infrastructure needs money, which we don't have, Trump wants more for Defense?! We'll see Nancy's Budget
7. The Trade Deficit is being worked on by Trump, its a work-in-progress. At least he is working to lower it compared to prior admins.
8. Its not just the unemployment rate, its the "labor participation rate", how many folks are working. Trump is doing very well, see graph below
First...you make some good points as well, IMO.
Second, I am NO FAN of Obama as POTUS. Check out these links, please:
I was DA60 (before I was banned) and you will see post after post of me knocking his Presidency...especially economically.
The numbers say that Obama is the best economic president in modern times. - Page 26
Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1 - Page 3
Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1
I admit the GDP is better under Trump generally then under Obama. But other then the tax cut (which I partly agreed with - the corporate tax cut yes. The wealthy income tax cut - no), he has done little to stop the cheap money sloshing around that he himself (rightly) insulted on the campaign trail.
You can argue he is trying to help trade. But one HAS to be held responsible for what he does. And so far - he has just made things MUCH worse. And he has had two years. I give NO politician the benefit of the doubt.
And I agree with you STRONGLY that the U-3 is silly and the employment-population ratio is a far better barometer on employment. But if you look at your own graph, it's still no where near what it was before the Great Recession.
Other then the tariffs - which I am 100% against - I don't think Trump is doing anything worse then Obama did on the economy.
But Trumpbots (not you) who say that it has hugely improved simply are wrong. It is just more of the same...the Fed is running the show and propping up this horrible, cheap debt, house of cards that is dangerous and began under GWB/Obama.
I DO appreciate that you appear to have a FAR clearer head then most Trump voters (I assume you voted for Trump).