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

[Harpy Eagle]

ANSWER THE QUESTION------------->Who controls the purse strings of the United States? Who submits the budget?

The budget process starts and ends with the President.

The process is started by the President presenting to congress his spending request (for which Trump submitted the largest in our country's history) this is the baseline the House starts with and it goes from there. Once done with the House it goes to the Senate and once approved by the Senate it is signed by the President.

There is no innocent party in the process of putting us 23 trillion dollars in to debt as a nation.

 

[Flash]

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)

The Democrat filth tried to blame all of Obama's failures on Bush and take credit for all of Trump's success.

That is just the kind of dishonest assholes they are.

 

[Cellblock2429]

ANSWER THE QUESTION------------->Who controls the purse strings of the United States? Who submits the budget?

The budget process starts and ends with the President.

The process is started by the President presenting to congress his spending request (for which Trump submitted the largest in our country's history) this is the baseline the House starts with and it goes from there. Once done with the House it goes to the Senate and once approved by the Senate it is signed by the President.

There is no innocent party in the process of putting us 23 trillion dollars in to debt as a nation.

/——/ You’re so cute when you ignore the obvious. Now STFU and give the president a line item veto.

It was to create growth and good paying jobs

True.

but it created very little of those.

False.

Instead it created record amounts of stock buybacks and a record high debt.

No, SPENDING creates debt. I repeat: SPENDING creates debt. Not tax cuts.

Spending more than revenue creates debt......is what you should have said. Ergo, if you increase spending by 100 billion but increase revenue by 100 billion you don’t affect the debt. Trump did the opposite. He increased spending, and reduced revenue. That is why the national debt soared under your beloved orange clown.

/——/ Only Congress can increase or decrease spending you dolt.

 

[Harpy Eagle]

/——/ Only Congress can increase or decrease spending you dolt.

Not without the president's approval.

It is people like you giving your guy a free pass that has led us to 23 trillion dollars in debt.

 

[Cellblock2429]

/——/ Only Congress can increase or decrease spending you dolt.

Not without the president's approval.

It is people like you giving your guy a free pass that has led us to 23 trillion dollars in debt.

/——/ So you will support Trump next time he vetos a budget. You will come to his defense.... right... Bwhahahaha Bwhahahaha

 

[Terri4Trump]

How much money gets spent without Trump's signature.

You're not as clever as you think you are you buttplug.

We all know that these days a president has two choices: Sign a budget, or not sign and shut down the government. There is no fucking way that means he wants to spend all that money or that he approves of it and you damn well know it.

 

[Cellblock2429]

How much money gets spent without Trump's signature.

You're not as clever as you think you are you buttplug.

We all know that these days a president has two choices: Sign a budget, or not sign and shut down the government. There is no fucking way that means he wants to spend all that money or that he approves of it and you damn well know it.

/——/ Gator is simply deflecting away from Congress’s unwillingness to balance the budget by curbing spending. If by some miracle they did, he’d be first in line praising them.

 

[Harpy Eagle]

/——/ So you will support Trump next time he vetos a budget. You will come to his defense

100% I would be supporting him. But sadly he has never vetoed a single one.

You will never convenience me Trump is against all this spending when he keeps sending budget plans that are even more than what the House and Senate finally agree upon.

Think about that for a minute...Trump asked for more than even the Dems wanted to spend.

 

[Harpy Eagle]

We all know that these days a president has two choices: Sign a budget, or not sign and shut down the government. There is no fucking way that means he wants to spend all that money or that he approves of it and you damn well know it.

People like you giving your guy a free pass are why we have a 23 trillion dollar national debt.

You blame Obama for all 9 trillion on his watch and give your god a free pass...so fuck off.

 

[Terri4Trump]

/——/ Gator is simply deflecting away from Congress’s unwillingness to balance the budget by curbing spending. If by some miracle they did, he’d be first in line praising them.

I don't even know why I respond to him at all.

 

[Cellblock2429]

/——/ So you will support Trump next time he vetos a budget. You will come to his defense

100% I would be supporting him. But sadly he has never vetoed a single one.

You will never convenience me Trump is against all this spending when he keeps sending budget plans that are even more than what the House and Senate finally agree upon.

Think about that for a minute...Trump asked for more than even the Dems wanted to spend.

/——-/ Forget about this? 2018–19 United States federal government shutdown - Wikipedia
And Trump is rebuilding the military after Obozo decimated it. That’s the extra spending that Congress approved.

 

[sparky]

/——-/ Forget about this? 2018–19 United States federal government shutdown - Wikipedia

The shutdown stemmed from an impasse over Trump's demand for $5.7 billion in federal funds for a U.S.–Mexico border wall.[

The budget process starts and ends with the President.

being held hostage by wanna be dictators isn't high on my list of 'freedoms'

~S~

 

[Cellblock2429]

/——-/ Forget about this? 2018–19 United States federal government shutdown - Wikipedia

The shutdown stemmed from an impasse over Trump's demand for $5.7 billion in federal funds for a U.S.–Mexico border wall.[

The budget process starts and ends with the President.

being held hostage by wanna be dictators isn't high on my list of 'freedoms'

~S~

/—-/ Stop moving the goal posts. The discussion is about how DemocRATs attack any republican President who vetos a spending bill. So once again, WTF is a president suppose to do to control spending?

 

[MAGAman]

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)

Anything good for America is bad for the Democrat Party.

 

[Terri4Trump]

/—-/ Stop moving through goal posts. The discussion is about how DemocRATs attack any republican President who vetos a spending bill. So once again, WTF is a president suppose to do to control spending?

Sparky is another one who is "fact challenged".

The facts and numbers are there:

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).

 

[MAGAman]

Nobody likes recessions dumbass, you just keep proving your ignorance post after post.

Democrats would give up their pussy hats for a recession right now.

 

[sparky]

Stop moving through goal posts.

I'm not

the discussion is economics

The discussion is about how DemocRATs attack any republican President who vetos a spending bill

partisans attacks on each other have little to do with things economic, save for blame game tactics for weak partisan minds

So once again, WTF is a president suppose to do to control spending?

ahhh, NOT hold the entire government HOSTAGE would be a grand start

Sparky is another one who is "fact challenged".

QE4 is an economic 'fact' that challenges many

granted, it's existence is not due to any sitting potus

yet it is the one biggest economic indicator of fiat failure in the entire existence of it

one CAN NOT cheerlead an economy while economic DOOM looms on our horizon

~S~

 

[DBA]

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?

There was corresponding wage and job growth. As far as a drop in prices, I would say wage growth outpacing the inflation rate is essentially the same thing. Given that we were told that tariffs would be passed on to the American people, pretty astounding that our inflation rate has remained low.

Nominal Wage Tracker

 

[DBA]

one CAN NOT cheerlead an economy while economic DOOM looms on our horizon

This can be said in any bull market, particularly one that has lasted long. The problem is, the numbers do not point to a pull back. The fundamentals are good. At some point, the doom and groomers will be correct...it is inevitable.

These left-wing economists are like hypochondriacs who think they are going to die any minute while their doctor is telling them they are very healthy. At some point they will be correct, but it doesn't make them correct with regards to their prediction.

The economy will have a down-turn at some point, but if the Democrats take over, that will be accelerated tremendously. They will blame it all on Republicans, because that is what they do.

 

[Terri4Trump]

one CAN NOT cheerlead an economy while economic DOOM looms on our horizon
~S~

The only doom out there are your retarded socialists you love so much