The economy: Trump's greatest asset, Democrats' greatest liability

[Terri4Trump]

The economy: Trump's greatest asset, Democrats' greatest liability
The economy: Trump's greatest asset, Democrats' greatest liability

Democrats cannot disparage Trump’s economy. Doing so will look like sour grapes. Worse, it will open them up to a comparison with Obama’s, which was worse. Just looking at GDP alone, during Obama’s first 10 quarters, the economy averaged growth of just 1.3 percent. Even in Obama’s last 10 quarters it averaged just 2.3 percent. Over Trump’s first t10 quarters, the economy has averaged 2.6 percent growth.

In December 2016, 152.1 million Americans were employed, 7.5 million unemployed (4.7 percent rate) and the labor force participation rate was 62.7 percent. September 2019 jobs report showed 158.3 million employed, 6.2 million more), 5.8 million unemployed (3.5 percent rate and 1.7 million less) and a labor force participation rate of 63.2 percent (0.6 percent higher).

MY COMMENT: Trump is making the Kenyan socialist pig look like the dope he is. Plantation slave IM2 has a thread saying this is all not true. Of course, he's a liar, always has been. Trump has repaired what Obama broke and is making America great again. Oh, and if you feel like giving Obama credit, see my next post.......

 

[Terri4Trump]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

 

[Harpy Eagle]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Why are you posting an article from 2018?

Much has changed since then. Quit living in the past.

 

[BuckToothMoron]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones.

With that in mind I would give Trump a B- on the economy.

I hated his corporate tax cuts. Companies were not hurting for money to expand like they were when Reagan used them to pull the economy out of the Carter Malaise. Too much of the money went to stock buybacks rather than expansion and job growth.

I like his efforts to reduce onerous government regulations on small businesses.

We are WAAAY overdue for a recession, and IMO there is a 50/50 chance we will see recession before November, so if you’re hitching you’re re-election to the economy and or stock market, a recession just months before the election would be very inconvenient.

 

[Terri4Trump]

Why are you posting an article from 2018?

The OP is not from 2018 you stupid dope. And the second post is eternally true regardless of the date you idiot.

Quit living in the past.

Quit living up your boyfriends ass.

Oh, and it is noted that you could not refute the content of the OP, asshole

 

[Terri4Trump]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones..

Sometimes, but sometimes not enough.

Tax policy and other policies can create great or bad environments for business to grow. Thats a fact.

 

[kyzr]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones.

With that in mind I would give Trump a B- on the economy.

I hated his corporate tax cuts. Companies were not hurting for money to expand like they were when Reagan used them to pull the economy out of the Carter Malaise. Too much of the money went to stock buybacks rather than expansion and job growth.

I like his efforts to reduce onerous government regulations on small businesses.

We are WAAAY overdue for a recession, and IMO there is a 50/50 chance we will see recession before November, so if you’re hitching you’re re-election to the economy and or stock market, a recession just months before the election would be very inconvenient.

Recessions are two consecutive quarters of negative growth. Recessions are usually caused by the Fed raising interest rates because the economy is overheating, i.e. the Fed taps the brakes to prevent too much inflation.
That said, I'm not seeing an overheating economy, and the Fed is on hold for the foreseeable future. The next move might even be down. So IMHO Trump is a shoo-in in 2020, especially considering the democrats don't have a viable candidate.

 

[Terri4Trump]

Recessions are two consecutive quarters of negative growth. Recessions are usually caused by the Fed raising interest rates because the economy is overheating, i.e. the Fed taps the brakes to prevent too much inflation.
That said, I'm not seeing an overheating economy, and the Fed is on hold for the foreseeable future. The next move might even be down. So IMHO Trump is a shoo-in in 2020, especially considering the democrats don't have a viable candidate.

So... ...even if there were one it does not necessarily mean there is a bad economy? A recession could be manufactured?

 

[Harpy Eagle]

Why are you posting an article from 2018?

The OP is not from 2018 you stupid dope. And the second post is eternally true regardless of the date you idiot.

Quit living in the past.

Quit living up your boyfriends ass.

Oh, and it is noted that you could not refute the content of the OP, asshole

Such an angry little woman.

 

[BuckToothMoron]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones..

Sometimes, but sometimes not enough.

Tax policy and other policies can create great or bad environments for business to grow. Thats a fact.

Sure, but trumps tax cuts didn’t have that effect

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones.

With that in mind I would give Trump a B- on the economy.

I hated his corporate tax cuts. Companies were not hurting for money to expand like they were when Reagan used them to pull the economy out of the Carter Malaise. Too much of the money went to stock buybacks rather than expansion and job growth.

I like his efforts to reduce onerous government regulations on small businesses.

We are WAAAY overdue for a recession, and IMO there is a 50/50 chance we will see recession before November, so if you’re hitching you’re re-election to the economy and or stock market, a recession just months before the election would be very inconvenient.

Recessions are two consecutive quarters of negative growth. Recessions are usually caused by the Fed raising interest rates because the economy is overheating, i.e. the Fed taps the brakes to prevent too much inflation.
That said, I'm not seeing an overheating economy, and the Fed is on hold for the foreseeable future. The next move might even be down. So IMHO Trump is a shoo-in in 2020, especially considering the democrats don't have a viable candidate.

The Fed has been a great help to Trump by maintain low rates and tossing in healthy amounts of QE. Which begs the obvious question- If the economy is doing so well, why does the Fed keep rates so low and continue to add money to the system via QE? Those are tools generally reserved for bad economic conditions to create growth.

Now that should worry people who understand. If we do see a few months of no growth with these low rates and levels of QE, the Fed will have very few things it can do to help.

 

[Thinker101]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Why are you posting an article from 2018?

Much has changed since then. Quit living in the past.

Yep, a lot has changed from 2018....it's gotten better, go figure.

 

[Harpy Eagle]

Now that should worry people who understand. If we do see a few months of no growth with these low rates and levels of QE, the Fed will have very few things it can do to help.

It should also worry people that in the last recession our deficit almost tripled in one year, just imagine if our trillion dollar deficit were to triple in one year....that would not be good..

 

[Harpy Eagle]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Why are you posting an article from 2018?

Much has changed since then. Quit living in the past.

Yep, a lot has changed from 2018....it's gotten better, go figure.

Sure it has. Keep telling yourself that.

 

[Cellblock2429]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones.

With that in mind I would give Trump a B- on the economy.

I hated his corporate tax cuts. Companies were not hurting for money to expand like they were when Reagan used them to pull the economy out of the Carter Malaise. Too much of the money went to stock buybacks rather than expansion and job growth.

I like his efforts to reduce onerous government regulations on small businesses.

We are WAAAY overdue for a recession, and IMO there is a 50/50 chance we will see recession before November, so if you’re hitching you’re re-election to the economy and or stock market, a recession just months before the election would be very inconvenient.

/----/ "I hated his corporate tax cuts. "
So you like paying more for stuff because you know corporations pass taxes on to the consumer in the form of higher prices. And corporate taxes fuel inflation.

 

[Harpy Eagle]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones.

With that in mind I would give Trump a B- on the economy.

I hated his corporate tax cuts. Companies were not hurting for money to expand like they were when Reagan used them to pull the economy out of the Carter Malaise. Too much of the money went to stock buybacks rather than expansion and job growth.

I like his efforts to reduce onerous government regulations on small businesses.

We are WAAAY overdue for a recession, and IMO there is a 50/50 chance we will see recession before November, so if you’re hitching you’re re-election to the economy and or stock market, a recession just months before the election would be very inconvenient.

/----/ "I hated his corporate tax cuts. "
So you like paying more for stuff because you know corporations pass taxes on to the consumer in the form of higher prices. And corporate taxes fuel inflation.
View attachment 303659

Was there a corresponding drop in prices after the corporate tax cuts?

 

[Denizen]

A casino economy with the house losing is Trump's greatest asset? Government debt is growing at > 2 x GDP growth.

Trump's GDP figures are no better than Obama's and Obama didn't throw massive tax cuts into the economy.

 

[Cellblock2429]

I have said before- Presidents get too much blame for bad economies, and too much credit for good ones.

With that in mind I would give Trump a B- on the economy.

I hated his corporate tax cuts. Companies were not hurting for money to expand like they were when Reagan used them to pull the economy out of the Carter Malaise. Too much of the money went to stock buybacks rather than expansion and job growth.

I like his efforts to reduce onerous government regulations on small businesses.

We are WAAAY overdue for a recession, and IMO there is a 50/50 chance we will see recession before November, so if you’re hitching you’re re-election to the economy and or stock market, a recession just months before the election would be very inconvenient.

/----/ "I hated his corporate tax cuts. "
So you like paying more for stuff because you know corporations pass taxes on to the consumer in the form of higher prices. And corporate taxes fuel inflation.
View attachment 303659

Was there a corresponding drop in prices after the corporate tax cuts?

/----/ Since all companies act in their own best interest, no one answer applies to all, you dolt.

 

[Terri4Trump]

The economy: Trump's greatest asset, Democrats' greatest liability
The economy: Trump's greatest asset, Democrats' greatest liability

Democrats cannot disparage Trump’s economy. Doing so will look like sour grapes. Worse, it will open them up to a comparison with Obama’s, which was worse. Just looking at GDP alone, during Obama’s first 10 quarters, the economy averaged growth of just 1.3 percent. Even in Obama’s last 10 quarters it averaged just 2.3 percent. Over Trump’s first t10 quarters, the economy has averaged 2.6 percent growth.

In December 2016, 152.1 million Americans were employed, 7.5 million unemployed (4.7 percent rate) and the labor force participation rate was 62.7 percent. September 2019 jobs report showed 158.3 million employed, 6.2 million more), 5.8 million unemployed (3.5 percent rate and 1.7 million less) and a labor force participation rate of 63.2 percent (0.6 percent higher).

MY COMMENT: Trump is making the Kenyan socialist pig look like the dope he is. Plantation slave IM2 has a thread saying this is all not true. Of course, he's a liar, always has been. Trump has repaired what Obama broke and is making America great again. Oh, and if you feel like giving Obama credit, see my next post.......

Well well well, from CNN of all, places.....
It took 10 years. Americans finally believe the economy is good
Fri December 20, 2019 * a few weeks ago)
US economy: Americans finally believe it is good - CNN

QUOTE: New York (CNN Business)The old saying "time heals all wounds" applies to the economy. Stung by the Great Recession, it has taken a decade for many Americans to feel safe in their jobs and investments again.
The polls tell the story. As 2019 winds down, the economy is getting its best rating in almost 20 years. Overall, 76% of those polled rate the economy very or somewhat good, according to a new CNN poll conducted by SSRS. That's up nine points from last year and the highest percentage since February 2001.
Time gets some of the credit. The president and his bullish megaphone get the rest.

MY COMMENT: So CNN is forced to admit that Americans are finally happy with the economy. And that last sentence: "Time gets some of the credit. The president and his bullish megaphone get the rest." Will CNN fire this lady? LOL. Its all thanks to Trump too, the greatest POTUS ever!

 

[Terri4Trump]

A casino economy........

Fuck off imbecile. How did you get past the rat traps

 

[Terri4Trump]

The economy: Trump's greatest asset, Democrats' greatest liability
The economy: Trump's greatest asset, Democrats' greatest liability

Democrats cannot disparage Trump’s economy. Doing so will look like sour grapes. Worse, it will open them up to a comparison with Obama’s, which was worse. Just looking at GDP alone, during Obama’s first 10 quarters, the economy averaged growth of just 1.3 percent. Even in Obama’s last 10 quarters it averaged just 2.3 percent. Over Trump’s first t10 quarters, the economy has averaged 2.6 percent growth.

In December 2016, 152.1 million Americans were employed, 7.5 million unemployed (4.7 percent rate) and the labor force participation rate was 62.7 percent. September 2019 jobs report showed 158.3 million employed, 6.2 million more), 5.8 million unemployed (3.5 percent rate and 1.7 million less) and a labor force participation rate of 63.2 percent (0.6 percent higher).

MY COMMENT: Trump is making the Kenyan socialist pig look like the dope he is. Plantation slave IM2 has a thread saying this is all not true. Of course, he's a liar, always has been. Trump has repaired what Obama broke and is making America great again. Oh, and if you feel like giving Obama credit, see my next post.......