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

[Denizen]

A casino economy........

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

Your rat traps are full of redneck conservatives. Using a MAGA hat for bait was a genius move by you.

 

[kyzr]

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?

If the Fed raised interest rates for no reason, such as no inflation, like in late 2019, that could precipitate a recession because the stock market would plummet, causing companies to spend less. However, no one is predicting the Fed doing anything this year.

 

[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.

Sure it has. Keep telling yourself that.

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

 

[Terri4Trump]

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

Did you tell Golfing GAYtor to open his eyes? LOL. Good luck with that

 

[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.......

Newsweek: FACE IT: THE ECONOMY UNDER TRUMP IS GREAT
Face it: The economy under Trump is great | Opinion

Here's the reality. By most traditional measures, the economy is stronger than it's been in over three decades, especially where job creation is concerned. Trump's policy of tax relief and deregulation—the president likes to brag his administration has eliminated more than a dozen regulations for each new one it has imposed—has led to the creation of the three most important things in U.S. politics: jobs, jobs and more jobs.

"On a scale of 1 to 10," economist Steve Moore recently wrote of the job market, "it's an 11."

Moore has it right. The unemployment rate soared above 9 percent during President Barack Obama's early years in office. Obama promised it would soon plateau at a manageable level if Congress would only approve his stimulus package to kick-start the public works projects we were all told were "shovel-ready." It did, but they weren't. And although unemployment began falling after 2010, as Moore wrote, "from January 2009 to December 2016, almost 10 million jobs were added, but amazingly, 1.6 million working-age people dropped out of the workforce."

Under Trump, unemployment has continued to go down and the labor force participation rate is rising, contrary to what the Congressional Budget Office predicted would be the continuing trend just as he came into office.

More people are working, and because real wages are rising, they have the "hope," finally, that Obama promised but found so hard to deliver. We're as close to full employment as economists in the 1970s and 1980s said we'd ever be.

 

[Terri4Trump]

I guess I win.

 

[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]

» Why America’s economy is so healthyGeckoresearch

 

[BlindBoo]

Ho hum.

"The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.


In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures."

New Reports Show That Trump’s Economic Promises Were Empty

 

[Terri4Trump]

......"The Greatest Economy in American History!” The truth is very different........

No its not you stupid dope

 

[Terri4Trump]

 

[Dick Foster]

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?

Yes but then I suppose you eally don't know diddly squat about business or even about how to EARN a living.

 

[Harpy Eagle]

Yes but then I suppose you eally don't know diddly squat about business or even about how to EARN a living.

actually there was not, but thanks for playing.

I earn a very nice living, have been earning one for just under 40 years. Thanks for your concern though.

 

[colfax_m]

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.

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

GDP growth in 2019 was 2.3%.

 

[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.

Sure it has. Keep telling yourself that.

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

GDP growth in 2019 was 2.3%.

And how has that affected you?

 

[colfax_m]

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.

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

GDP growth in 2019 was 2.3%.

And how has that affected you?

It hasn’t, because it’s about the exact same as GDP growth in the last decade. That how little has changed.

 

[Thinker101]

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

Sure it has. Keep telling yourself that.

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

GDP growth in 2019 was 2.3%.

And how has that affected you?

It hasn’t, because it’s about the exact same as GDP growth in the last decade. That how little has changed.

Too bad your life is so miserable.

 

[colfax_m]

Sure it has. Keep telling yourself that.

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

GDP growth in 2019 was 2.3%.

And how has that affected you?

It hasn’t, because it’s about the exact same as GDP growth in the last decade. That how little has changed.

Too bad your life is so miserable.

What does that have to do with anything? GDP growth was 2.3% last year.

Facts don’t care about your feelings.

 

[Thinker101]

Yep, don't know and don't care where you live, but all ya gotta do is open your eyes. Unless you're in San Francisco or Los Angeles.

GDP growth in 2019 was 2.3%.

And how has that affected you?

It hasn’t, because it’s about the exact same as GDP growth in the last decade. That how little has changed.

Too bad your life is so miserable.

What does that have to do with anything? GDP growth was 2.3% last year.

Facts don’t care about your feelings.

Yep, and my feelings don't care about your life.

 

[colfax_m]

GDP growth in 2019 was 2.3%.

And how has that affected you?

It hasn’t, because it’s about the exact same as GDP growth in the last decade. That how little has changed.

Too bad your life is so miserable.

What does that have to do with anything? GDP growth was 2.3% last year.

Facts don’t care about your feelings.

Yep, and my feelings don't care about your life.

I don’t need you to care about my life. Never asked. Wouldn’t care if you did anyway.

Your chart shows consumer confidence rising throughout Obama’s presidency. What point were you trying to make?