Pathetic Obama Claims Credit For Trump Economic Boom

[Dragonlady]

Obama is running his mouth claiming credit for the historic Trump economic boom, shocker. Biden is out there on the campaign trail also taking credit.

Both conveniently forget the Obama recovery was below average and most were predicting another recession when president Trump took over.

Both conveniently forget that Trump reversed all of Obama's economic policies.

How pathetic the left have become, 3 years into the Trump economic boom they try to steal the credit.

Trump fires back after Obama claims credit for economic boom: 'Con job'

Trumpy Bear hasn't reverse ANY of Obama's economic POLICIES at all. He's reversed 40 yeears of environemental and clean air regulations. And they did NOTHING for business. The economy, jobs the stock market - all that growth is slower under Trump than it was under Obama, and that's despite the doubling goosing of tax cuts and huge deficits.

Even the Federal Reserve Chair said that the economy isn't growing as fast as predictied. OBM said that Trump's tax cuts would slow growth after 2020 but that slowdown came early because of tariffs, and the slowdown in the world economy they caused.

It is a tribute to the strength and power of the Obama expansion that Trump hasn't made it worse.

 

[Faun]

FY2016 ... 1,422,827,047,452

So the last Barry Hussein budget deficit was $400 BILLION bigger than Trump's last deficit.

Thanks for those numbers, Moron.

LOLOL

Now the dumbfuck shows everyone how retarded he is by claiming FY2016 was Obama's last fiscal budget deficit.



GPO and OMB Release President Obama's Fiscal Year 2017 Budget

No, ya raging loser, Obama's final fiscal budget deficit was almost half of Impeached Trump's.

Are you ever not a royal fuckup?

Ever??

 

[22lcidw]

Obama is running his mouth claiming credit for the historic Trump economic boom, shocker. Biden is out there on the campaign trail also taking credit.

Both conveniently forget the Obama recovery was below average and most were predicting another recession when president Trump took over.

Both conveniently forget that Trump reversed all of Obama's economic policies.

How pathetic the left have become, 3 years into the Trump economic boom they try to steal the credit.

Trump fires back after Obama claims credit for economic boom: 'Con job'

Trumpy Bear hasn't reverse ANY of Obama's economic POLICIES at all. He's reversed 40 yeears of environemental and clean air regulations. And they did NOTHING for business. The economy, jobs the stock market - all that growth is slower under Trump than it was under Obama, and that's despite the doubling goosing of tax cuts and huge deficits.

Even the Federal Reserve Chair said that the economy isn't growing as fast as predictied. OBM said that Trump's tax cuts would slow growth after 2020 but that slowdown came early because of tariffs, and the slowdown in the world economy they caused.

It is a tribute to the strength and power of the Obama expansion that Trump hasn't made it worse.

Lets raise the federal reserve rates to 10% to check that Obama expansion strength out.

 

[rightwinger]

The numbers don’t lie
Obama gave Trump a surging economy

 

[healthmyths]

A) You posted NO links to substantiate your claim.
B) Trump has as the below chart shows the lowest growth of National Debt compared to Obama. Nearly 50% less than Obama ,who average was borrowing at 32.9% at the 32 month while Trump..14.5% !
C) Another simple math issue...


National Debt by President
Interactive chart illustrating the growth in national (public) debt by U.S. Presidential term. The y-axis shows the total percentage growth in national debt and the x-axis shows the time in office in months. The national debt almost tripled during during the Reagan administration, slowed considerably during Clinton's time in office and rose more gradually during the administrations of GW Bush and Obama. The current level of the national debt as of September 2019 is 22,719,402.00 million dollars.

National Debt by President

View attachment 307385

From the link: Historical Tables | The White House
So which is a bigger number: $14.4 Trillion GDP in 2009 or 2019 GDP of $21.21 Trillion... a larger number of nearly 50%
a growth of 10.% in 3 years vs Obama 3 years growth of 6%...
FACTS... and links!
View attachment 307390

The difference, of course, is Obama started with an economy in freefall where debt was already increasing at absurd rates; whereas Impeached Trump is on pace to add about as much debt in 8 years as Obama did, if given the opportunity, after inheriting a strong and growing economy.

DEficits were going up when Trump took over Obama's disastrous recovery.

LOLOLOL

Imbecile....

FY2016 ... 1,422,827,047,452
FY2017 .......671,455,302,117
FY2018 ....1,271,158,167,127
FY2019 ... 1,203,343,570,254

Debt to the Penny (Daily History Search Application)

I used your link and found a comparison between the first 3 years of Obama and Trump.
Debt to the Penny (Daily History Search Application)
View attachment 307546
In approximately the same period of time Trump increased national debt 17% Versus Obama 41%.

Ohhh so what you saying is that when we increase debt by 1T a year under Trump in good times, that is only half as bad as Obama running a trillion dollar deficit just out of Great Recession with 10% unemployment.

Welcome to the wonderful world of up-is-down rightwinger logic.

Just think what Obama COULD have done if he wasn't as the attached FACTS and actual statements from Obama had occurred!
The economy limping out of a recession in part caused by Obama's role in the housing bubble because his help on a 1995 lawsuit relaxed lending rules
and allowed people who had no capacity to flip homes. Even Barney Frank admits that was a major problem.
"When warned about Fannie Mae in (House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President [Bush] warning saying: "these two entities -- Fannie Mae and Freddie Mac --are not facing any kind of financial crisis....The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (New York Times, 9/11/03)

But NOW what does Barney say???

Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So because YOU don't live in today's reality, doesn't alter reality!
Read what Obama did in addition to his role in the housing bubble! These statements and policies are NOT positive for American growth!

 

[AntonToo]

The difference, of course, is Obama started with an economy in freefall where debt was already increasing at absurd rates; whereas Impeached Trump is on pace to add about as much debt in 8 years as Obama did, if given the opportunity, after inheriting a strong and growing economy.

DEficits were going up when Trump took over Obama's disastrous recovery.

LOLOLOL

Imbecile....

FY2016 ... 1,422,827,047,452
FY2017 .......671,455,302,117
FY2018 ....1,271,158,167,127
FY2019 ... 1,203,343,570,254

Debt to the Penny (Daily History Search Application)

I used your link and found a comparison between the first 3 years of Obama and Trump.
Debt to the Penny (Daily History Search Application)
View attachment 307546
In approximately the same period of time Trump increased national debt 17% Versus Obama 41%.

Ohhh so what you saying is that when we increase debt by 1T a year under Trump in good times, that is only half as bad as Obama running a trillion dollar deficit just out of Great Recession with 10% unemployment.

Welcome to the wonderful world of up-is-down rightwinger logic.

Just think what Obama COULD have done if he wasn't as the attached FACTS and actual statements from Obama had occurred!
The economy limping out of a recession in part caused by Obama's role in the housing bubble because his help on a 1995 lawsuit relaxed lending rules

Wow, so now Obama caused the Great Recession? Do you really not understand how ******* insane you sound when you say rediculous bullshit like that?

Put down that politico crack pipe son and go get some help.

 

[Faun]

The difference, of course, is Obama started with an economy in freefall where debt was already increasing at absurd rates; whereas Impeached Trump is on pace to add about as much debt in 8 years as Obama did, if given the opportunity, after inheriting a strong and growing economy.

DEficits were going up when Trump took over Obama's disastrous recovery.

LOLOLOL

Imbecile....

FY2016 ... 1,422,827,047,452
FY2017 .......671,455,302,117
FY2018 ....1,271,158,167,127
FY2019 ... 1,203,343,570,254

Debt to the Penny (Daily History Search Application)

I used your link and found a comparison between the first 3 years of Obama and Trump.
Debt to the Penny (Daily History Search Application)
View attachment 307546
In approximately the same period of time Trump increased national debt 17% Versus Obama 41%.

Ohhh so what you saying is that when we increase debt by 1T a year under Trump in good times, that is only half as bad as Obama running a trillion dollar deficit just out of Great Recession with 10% unemployment.

Welcome to the wonderful world of up-is-down rightwinger logic.

Just think what Obama COULD have done if he wasn't as the attached FACTS and actual statements from Obama had occurred!
The economy limping out of a recession in part caused by Obama's role in the housing bubble because his help on a 1995 lawsuit relaxed lending rules
and allowed people who had no capacity to flip homes. Even Barney Frank admits that was a major problem.
"When warned about Fannie Mae in (House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President [Bush] warning saying: "these two entities -- Fannie Mae and Freddie Mac --are not facing any kind of financial crisis....The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (New York Times, 9/11/03)

But NOW what does Barney say???

Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So because YOU don't live in today's reality, doesn't alter reality!
Read what Obama did in addition to his role in the housing bubble! These statements and policies are NOT positive for American growth!
View attachment 307556

Imbecile, you made two claims without actually demonstrating they're connected....

You claimed house flipping contributed to the crash;

And you claimed an ACORN lawsuit led to changes in CRA lending.

What you failed miserably to do was to show CRA loans were used to flip houses in numbers so great, it caused the economy to collapse.

 

[Faun]

DEficits were going up when Trump took over Obama's disastrous recovery.

LOLOLOL

Imbecile....

FY2016 ... 1,422,827,047,452
FY2017 .......671,455,302,117
FY2018 ....1,271,158,167,127
FY2019 ... 1,203,343,570,254

Debt to the Penny (Daily History Search Application)

I used your link and found a comparison between the first 3 years of Obama and Trump.
Debt to the Penny (Daily History Search Application)
View attachment 307546
In approximately the same period of time Trump increased national debt 17% Versus Obama 41%.

Ohhh so what you saying is that when we increase debt by 1T a year under Trump in good times, that is only half as bad as Obama running a trillion dollar deficit just out of Great Recession with 10% unemployment.

Welcome to the wonderful world of up-is-down rightwinger logic.

Just think what Obama COULD have done if he wasn't as the attached FACTS and actual statements from Obama had occurred!
The economy limping out of a recession in part caused by Obama's role in the housing bubble because his help on a 1995 lawsuit relaxed lending rules

Wow, so now Obama caused the Great Recession? Do you really not understand how ******* insane you sound when you say rediculous bullshit like that?

Put down that politico crack pipe son and go get some help.

Not just Obama. Seems he had help from one member of the House minority party.

 

[BluesLegend]

However the GDP growth under Trump has been the same as under Obama.

You are forgetting TRILLIONS OF DOLLARS from the Fed and 0% interest rates that propped up Obama. President Trump has had no such advantage. Trump had to earn his economic boom.

LOL

To keep impeached Trump's economy from collapsing, that same Fed had to lower the Federal Fund Rate twice last year.

Liar

 

[BluesLegend]

Wow, so now Obama caused the Great Recession? Do you really not understand how ******* insane you sound when you say rediculous bullshit like that?

Do you deny Obama, Dems, and the liberal media spent 2005-2008 talking the economy into the ditch just to improve their chances of winning in 2008? If so explain why a few months into Obama's first term in 2009 Bill Clinton had to tell Obama hey dummy shut up already with the economic doom and gloom you won.

 

[Faun]

However the GDP growth under Trump has been the same as under Obama.

You are forgetting TRILLIONS OF DOLLARS from the Fed and 0% interest rates that propped up Obama. President Trump has had no such advantage. Trump had to earn his economic boom.

LOL

To keep impeached Trump's economy from collapsing, that same Fed had to lower the Federal Fund Rate twice last year.

Liar

Imbecile...

 

[BluesLegend]

However the GDP growth under Trump has been the same as under Obama.

You are forgetting TRILLIONS OF DOLLARS from the Fed and 0% interest rates that propped up Obama. President Trump has had no such advantage. Trump had to earn his economic boom.

LOL

To keep impeached Trump's economy from collapsing, that same Fed had to lower the Federal Fund Rate twice last year.

Liar

Imbecile...

Work on your reading comprehension dummy.

 

[AntonToo]

Wow, so now Obama caused the Great Recession? Do you really not understand how ******* insane you sound when you say rediculous bullshit like that?

Do you deny Obama, Dems, and the liberal media spent 2005-2008 talking the economy into the ditch just to improve their chances of winning in 2008? If so explain why a few months into Obama's first term in 2009 Bill Clinton had to tell Obama hey dummy shut up already with the economic doom and gloom you won.

You are spouting nonsense.....economy wasn’t “talked” into a ditch, the real estate bust and financial over-leveraging of it was very real.

Republicans spent 8 years during Obama presidency shitting on economy, it still grew just fine.

 

[Rambunctious]

Moron I already gave you the graph, wtf is your malfunction?

You see that inflection in job growth just as Obama gets into office? That's what a huge turn-around looks like. -800k job growth turned into stable 200k job growth sustained for 9 years now.

Thank you, Republican House!

You are a total tool. Republicans got majority in 2011, huge turn around well before that and once in power they spent 6 years repealing Obamacare 40 times and investigating Benghazi.

I see negative numbers on your graph mid to late 2010, Tool.

LOLOLOLOL

Dumbfuck. Those negative numbers were the government letting go of all the temporary employees hired months earlier just to work on the census.

You have shit for brains not to know that.

Well then, those negative numbers would repeat themselves every 10 years at the same time then, right?

Link us up to those for the past 4 decades for reference, or can we say you are full of shit?

Which is it Faun ?

Faun is an idiot....when you corner him he will post a laughing gif

like this and run away...

 

[Thinker101]

Trump's 1.5T tax-cuts and extra spending ALREADY blew a bigger hole in the budget than Obama's policies.

The tax cuts resulted in the largest amount of tax revenue in US history....and the Democrats controlling the House - the budget, the purse strings, spending - could not bring themselves to use even one dime of it to pay down the deficit......financing a 4-year continuous coup is expensive.....


.

Liar.

Income tax revenues were better in 2015 without Impeached Trump's tax cuts



Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

You may need a new chart.
Who Really Pays Uncle Sam's Bills?

LOL

That's the most recent chart. You should check InfoWars to see what they say.

I see, must be one of those "truth over facts" things...dumbass.

 

[AntonToo]

Trump's 1.5T tax-cuts and extra spending ALREADY blew a bigger hole in the budget than Obama's policies.

The tax cuts resulted in the largest amount of tax revenue in US history....and the Democrats controlling the House - the budget, the purse strings, spending - could not bring themselves to use even one dime of it to pay down the deficit......financing a 4-year continuous coup is expensive.....


.

Liar.

Income tax revenues were better in 2015 without Impeached Trump's tax cuts



Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

You may need a new chart.
Who Really Pays Uncle Sam's Bills?

LOL

That's the most recent chart. You should check InfoWars to see what they say.

I see, must be one of those "truth over facts" things...dumbass.

For those actually interested in the facts of what happened to revenues when tax-cuts went into effect:

Revenues are down down dow

 

[Thinker101]

The tax cuts resulted in the largest amount of tax revenue in US history....and the Democrats controlling the House - the budget, the purse strings, spending - could not bring themselves to use even one dime of it to pay down the deficit......financing a 4-year continuous coup is expensive.....


.

Liar.

Income tax revenues were better in 2015 without Impeached Trump's tax cuts



Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

You may need a new chart.
Who Really Pays Uncle Sam's Bills?

LOL

That's the most recent chart. You should check InfoWars to see what they say.

I see, must be one of those "truth over facts" things...dumbass.

For those actually interested in the facts of what happened to revenues when tax-cuts went into effect:

Revenues are down down dow

Terrific, another clown.

 

[AntonToo]

Liar.

Income tax revenues were better in 2015 without Impeached Trump's tax cuts



Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

You may need a new chart.
Who Really Pays Uncle Sam's Bills?

LOL

That's the most recent chart. You should check InfoWars to see what they say.

I see, must be one of those "truth over facts" things...dumbass.

For those actually interested in the facts of what happened to revenues when tax-cuts went into effect:

Revenues are down down dow

Terrific, another clown.

If I'm the clown why am I the one posting data and facts while all you are doing is clowning?

 

[Thinker101]

You may need a new chart.
Who Really Pays Uncle Sam's Bills?

LOL

That's the most recent chart. You should check InfoWars to see what they say.

I see, must be one of those "truth over facts" things...dumbass.

For those actually interested in the facts of what happened to revenues when tax-cuts went into effect:

Revenues are down down dow

Terrific, another clown.

If I'm the clown why am I the one posting data and facts while all you are doing is clowning?

Gee...because you're too fricken lazy to click on the link, or maybe you have difficulty reading.

 

[Nostra]

The tax cuts resulted in the largest amount of tax revenue in US history....and the Democrats controlling the House - the budget, the purse strings, spending - could not bring themselves to use even one dime of it to pay down the deficit......financing a 4-year continuous coup is expensive.....


.

Liar.

Income tax revenues were better in 2015 without Impeached Trump's tax cuts



Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

You obviously didn't provide a link because your graph prove you wrong.

LOLOLOL

You're such a flaming dumbfuck, you couldn't even find the link in my post.

This one?

The only one in your post that takes you to a BIGGER chart?

https://www.usgovernmentrevenue.com/usgs_line.php?title=Income Taxes&units=k&size=m&legend=Income Taxes-fed&year=2015_2020&sname=US&bar=1&stack=1&col=c&source=a_a_a_a_a_b&spending0=1798.47_1742.26_1745.44_1710.66_1732.26_1809.98

Where is the link to the data, Simpleton?

LOLOL

The one you thought I didn't link even though I did.

It's not a link to the source, dumbass. It just makes your pic bigger.

You have to be the dumbest fuckwad to ever log on the innerwebs.