The reality of Trump’s economy

[CrusaderFrank]

Trump has lied over 10,000 times. Now to his credit, Trump is very good at the big lie. You know, the one Goebbels describes:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Trump does this all the time. His claims about the economy is a prime example.

Forget His Boasts; Growth Is Just Average and Well Behind Reagan, Clinton, Even Carter

Donald Trump keeps boasting about what a great economy he should get credited for creating. But his administration’s own reports don’t support his claims, which also don’t come close to what he promised voters.

His results so far have been, well, just average.

As if it were a stellar achievement, Trump boasted last week, the economy grew at an annual rate of 3.2% in the first three months of this year. Big deal. That’s precisely the average since 1947.

Candidate Trump boasted many times that he would boost economic growth. In October 2015, he said: “I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”

So far, the best he has done is 4.2% in the second quarter of 2018.

Obama’s quarterly economic growth rate beat Trump’s best four times, George W. Bush five times, Bill Clinton and Ronald Reagan 13 times each. One-term president Jimmy Carter beat Trump six times and one-termer George H. W. Bush did it five times.

Carter’s best, by the way, was 16.4% growth, four times Trump’s best so far.

Trump’s last budget is projected to run a deficit almost 1.5 times the size of Obama’s last budget deficit according to the Trump administration’s own data, known as Historical Table 1.3.

Trump’s average annual budget deficit over four years will be the worst of any president from Carter through George W. Bush.

The average Trump shortfall will be 4.6% of the economy.

Obama’s was about the same as Trump at 5% of the economy, mostly because of the Great Recession that he inherited. In his second term, Obama’s budget shortfall was less than 2.5% of the economy.

The cost to you of Trump’s borrow-and-spend approach? Instead of retiring the federal debt in eight years, as Trump told voters he could easily do because he was “the king of debt,” the federal debt is growing at the rate of $30 per day for a family of four. That’s almost $11,000 per year for that family.

Trump’s borrow-and-spend, however, has failed to stimulate faster jobs creation.

Under Trump, job growth is slower than under Obama. Trump’s average is 198,000 more jobs per month. That’s good, but far from great.

Obama, during his last six years and a month, averaged 204,000 more jobs each month.

Trump promised if elected the nation would add 25 million new jobs in 10 years. He’s on track to fall more than a million jobs short of that goal.

That goal was nothing to brag about, either. Before Trump started making campaign promises the projections of future job growth were about what Trump sold as a miracle waiting for him to make it happen.

The reality is that Trump’s economic performance, measured by his own administration, is merely average.

Why Trump Gets a 'C' on the Economy | DCReport.org

Lol

Whiney little bitch

Armageddon!

 

[francoHFW]

I know dems have stats to say the economy is terrible, and republicans, myself included, feel that things are getting better based on where we live, but it would be nice if there could be some form of undisputed truth. The whole my stats vs your stats stuff is irritating. I'm sure everyone can dig up numbers from somewhere to support their side. All I know is, when I was a kid, people worked 40 hours a week and had work based insurance. For all the democrats who feel their side is convincing, how does taxing business two or three times help employees? Does forcing an increase in minimum wage kill jobs? Is it wise to try to keep manufacturing from ever coming back? High taxes, forced wages, and outsourcing doesn't seem like the gold standard for success. I know you hate this president, but Democrat policy has been disastrous in the last decade. Before you whip out your charts, remember we no longer have full time work or health benefits.

What do what do you mean by full-time work and health benefits? Obama's economy was just as good as Trump's. But I believe the Republicans will screw it all up if they get 8 years. As always. Sorry about reality. Change the channel GOP propaganda is always full of s***.

 

[Toro]

Over the first two years of the Trump Presidency, real GDP grew by 2.9% per year.

Over the last two years of the Obama Presidency, real GDP grew by 1.7% per year. Over the last four years of the Obama Presidency, real GDP grew by 2.2% per year. Over the entire eight year Obama Preidency, real GDP grew by 2.1% per year.

Real Gross Domestic Product

 

[Meister]

Meanwhile two key economic measures used for decades to judge economic optimism, one national one global show Trump achieving historic highs. Levels Obama could only dream of. Ouch that's gonna leave a mark libs

Not really. Your denials are expected.

Those studies were posted, Trump crushed Obama and nearly all previous presidents. Facts vs your horse shit.

Economic optimism is not economic fact. Understand?

Economic facts

Inflation is in check
Company earnings for first quarter better than expected

Unemployment is low
Wages are on the rise

Productivity rose in first quarter of 2019
Manufacturing rose in first quarter of 2019
March jobless rates down in 267 of 389 metro areas
U.S. Bureau of Labor Statistics

Understand?

 

[Toro]

Productivity surprised on the upside.

The single best thing Trump has done is repeal regulations. Repealing regulations could be the reason why productivity growth has jumped.

Hopefully, it is permanent and continues.

 

[Deno]

Trump has lied over 10,000 times. Now to his credit, Trump is very good at the big lie. You know, the one Goebbels describes:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Trump does this all the time. His claims about the economy is a prime example.

Forget His Boasts; Growth Is Just Average and Well Behind Reagan, Clinton, Even Carter

Donald Trump keeps boasting about what a great economy he should get credited for creating. But his administration’s own reports don’t support his claims, which also don’t come close to what he promised voters.

His results so far have been, well, just average.

As if it were a stellar achievement, Trump boasted last week, the economy grew at an annual rate of 3.2% in the first three months of this year. Big deal. That’s precisely the average since 1947.

Candidate Trump boasted many times that he would boost economic growth. In October 2015, he said: “I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”

So far, the best he has done is 4.2% in the second quarter of 2018.

Obama’s quarterly economic growth rate beat Trump’s best four times, George W. Bush five times, Bill Clinton and Ronald Reagan 13 times each. One-term president Jimmy Carter beat Trump six times and one-termer George H. W. Bush did it five times.

Carter’s best, by the way, was 16.4% growth, four times Trump’s best so far.

Trump’s last budget is projected to run a deficit almost 1.5 times the size of Obama’s last budget deficit according to the Trump administration’s own data, known as Historical Table 1.3.

Trump’s average annual budget deficit over four years will be the worst of any president from Carter through George W. Bush.

The average Trump shortfall will be 4.6% of the economy.

Obama’s was about the same as Trump at 5% of the economy, mostly because of the Great Recession that he inherited. In his second term, Obama’s budget shortfall was less than 2.5% of the economy.

The cost to you of Trump’s borrow-and-spend approach? Instead of retiring the federal debt in eight years, as Trump told voters he could easily do because he was “the king of debt,” the federal debt is growing at the rate of $30 per day for a family of four. That’s almost $11,000 per year for that family.

Trump’s borrow-and-spend, however, has failed to stimulate faster jobs creation.

Under Trump, job growth is slower than under Obama. Trump’s average is 198,000 more jobs per month. That’s good, but far from great.

Obama, during his last six years and a month, averaged 204,000 more jobs each month.

Trump promised if elected the nation would add 25 million new jobs in 10 years. He’s on track to fall more than a million jobs short of that goal.

That goal was nothing to brag about, either. Before Trump started making campaign promises the projections of future job growth were about what Trump sold as a miracle waiting for him to make it happen.

The reality is that Trump’s economic performance, measured by his own administration, is merely average.

Why Trump Gets a 'C' on the Economy | DCReport.org

You are just Butt Hurt...….

Turn off cnn and msnbctard and then Pull your head out of your ass...

We are in one of the best economies ever....

Only the dumbest of the dumbest Tards can’t prosper from the genius of TRUMP......

 

[DustyInfinity]

Our last two term Democrat President said that the economy was in a permanent down slide, and that we needed to get used to it because it was the new normal. He said America's glory years were done. If that is the best the left can do, I'm going to look for a better option. You would think your leader would at least try to get the engines running again.

 

[mikegriffith1]

How about manufacturing jobs under Obama vs. Trump?

Been heading up since 2011...

How about the U-6 under Obama vs. Trump?

Dropping steady since 2011...

How about wages under Obama vs. Trump?

except for a drop in 16, about the same as they ahve been since 2014

How about black and Hispanic unemployment under Obama vs. Trump?

both have been dropping steadily since 2011..

You got anything else?

You're lying again. Let's review what you conveniently left out in your deceptive "been heading up" and "been dropping" arguments:

* We had a net loss of manufacturing jobs under Obama. The jump in manufacturing jobs under Trump is unlike anything we saw under Obama and unlike anything we have seen for well before Obama, as I've documented several times (and as you keep ignoring).

Trump's Economy Keeps Humming: Manufacturing Adding More Jobs Than Government, Reversing Obama Trend

* Black and Hispanic unemployment under Obama was never as low as it has been under Trump for several months now. Obama had six years (I'll excuse him for 2009 and 2010) to bring black and Hispanic unemployment to where Trump brought it in less than two years.

* Wages are doing much better under Trump than they did under Obama. Wages have risen by 3.2% in the last 12 months alone. For most of Obama's time, wages either dropped or rose slightly (usually between 0.5 and 2.0%). Even in 2012 and 2013, well into Obama's recovery, wages dropped several times or barely increased (Table B-3 in the BLS reports). Only in Obama's last year, after he signed off on $700 billion in tax breaks in the 2015 budget compromise bill and had agreed to make most of the Bush tax cuts permanent--only then did wages rise by around 2.5% in some months, in his last year.

https://www.bls.gov/news.release/archives/empsit_02032017.pdf
https://www.bls.gov/news.release/archives/empsit_11042016.pdf
https://www.bls.gov/news.release/archives/empsit_11062015.pdf
https://www.bls.gov/news.release/archives/empsit_11072014.pdf
https://www.bls.gov/news.release/archives/empsit_11082013.pdf
https://www.bls.gov/news.release/archives/empsit_11022012.pdf

* The U-6. "Dropping steadily since 2011"?! It was over 10% for seven of Obama's eight years! For nearly five of Obama's eight recover years, it was over 12%! You must be kidding. Do you think everyone is so dumb they can't see through your dishonest evasions? What has it been since Trump came to office? It is now in the 7 percentile range.

Bureau of Labor Statistics Data

 

[Harpy Eagle]

You're lying again. Let's review what you conveniently left out in your deceptive "been heading up" and "been dropping" arguments:

I backed up every claim I made with a graph, and your weak ass response is to call me a lair. how pathetic.

 

[Meister]

Our last two term Democrat President said that the economy was in a permanent down slide, and that we needed to get used to it because it was the new normal. He said America's glory years were done. If that is the best the left can do, I'm going to look for a better option. You would think your leader would at least try to get the engines running again.

His regulations were factors in the decline, when Trump lifted them our economy gained strength.

 

[Mikeoxenormous]

Idk it seems things are doing good. Im no economist, nor will i try to act like one.
I do love having more money in my pocket. More tax cuts please

Thank Obama. Because those tax cuts did nothing for you.

Obama should not be the one getting the thanks either but alas you will claim he should be because he is half-white...

The fact is the Economy has more to do with States and their growth along with what Congress passes and the Senate passes and what the President signs, but again you will scream racism because I am not giving Obama credit and Trump should not get it either.

It is like the unemployment number myth and what is left out of the equation is the number of people that stopped looking.

I know how dare I ruin your " America is better because of Obama " thread but alas Obama, Trump, Bush oh hell every President is just part of the equation of how the economy is roaring or sinking but a lot more has to do with it than just one man...

What a crock of shit. Obama even admitted that to achieve a 3% GDP you would need a magic wand, because low wages and poverty were the new norm of America. That was his fundamental transformation shit he promised. Now as President Trump has eliminated 1000s of pages of bullshit regulations that stifled job growth and the tax cuts for everyone but the fucking poor in work, Obama's legacy is like the picture below.

 

[Harpy Eagle]

* Black and Hispanic unemployment under Obama was never as low as it has been under Trump for several months now. Obama had six years (I'll excuse him for 2009 and 2010) to bring black and Hispanic unemployment to where Trump brought it in less than two years.

Under Obama black UE went from 16.5% to 7.7%.....a drop of 8.8 percentage points

Under Trump black UE has gone from 7.7% to 6.7%....a drop of one percentage point.

Under Obama Hispanic UE went from 12.9% to 5.8%.....a drop of 7.1 percentage points

Under Trump black UE has gone from 5.8% to 4.7%....a drop of 1.1 percentage points

 

[Harpy Eagle]

* The U-6. "Dropping steadily since 2011"?! It was over 10% for seven of Obama's eight years! For nearly five of Obama's eight recover years, it was over 12%! You must be kidding. Do you think everyone is so dumb they can't see through your dishonest evasions? What has it been since Trump came to office? It is now in the 7 percentile range.

Under Obama the U-6 went from 17.1% to 9.3%...a drop of 7.8 percentage points

Under Trump the U-6 went from 9.3% to 7.3%...a drop of 2 percentage points

 

[Harpy Eagle]

* We had a net loss of manufacturing jobs under Obama. The jump in manufacturing jobs under Trump is unlike anything we saw under Obama and unlike anything we have seen for well before Obama, as I've documented several times (and as you keep ignoring).

Manufacturing has done better under Trump.

 

[Harpy Eagle]

Not a single economic metric changed direction after the election and Trump taking office...not a single one.

 

[Issa]

I give Trump full credit for NOT screwing up the economy.








YET.

Trump tried to screw up the economy but thanks to us in blue states and blue cities we keeping things going. And although i didn5 vote for Obama thanks to his work as well.

 

[BluesLegend]

I'll just laugh in your face

That is what people do when they have no facts and not leg to stand on

I posted facts, you people have jack shit.

Not in this thread you did not.

Its not my fault you people are ignorant and arrive to a political discussion pathetically informed.

so, you fully admit you have posted no facts.

Thanks for coming clean.

Posted them, and they were reported by a major news organization. Its not my fault you people are ignorant and uninformed.

 

[BluesLegend]

Good luck trying to convince the American people the Trump economy isn't a roaring success. You fools are losing it.

Only 40% are brainwashed functional morons....
.

We won 30 states, whooped your ass and took back the White House.

 

[Harpy Eagle]

That is what people do when they have no facts and not leg to stand on

I posted facts, you people have jack shit.

Not in this thread you did not.

Its not my fault you people are ignorant and arrive to a political discussion pathetically informed.

so, you fully admit you have posted no facts.

Thanks for coming clean.

Posted them, and they were reported by a major news organization. Its not my fault you people are ignorant and uninformed.

What the fuck are you even talking about? you have not posted shit.

 

[BluesLegend]

Meanwhile two key economic measures used for decades to judge economic optimism, one national one global show Trump achieving historic highs. Levels Obama could only dream of. Ouch that's gonna leave a mark libs

Not really. Your denials are expected.

Those studies were posted, Trump crushed Obama and nearly all previous presidents. Facts vs your horse shit.

Economic optimism is not economic fact. Understand?

Economic facts

Inflation is in check
Company earnings for first quarter better than expected

Unemployment is low
Wages are on the rise

Productivity rose in first quarter of 2019
Manufacturing rose in first quarter of 2019
March jobless rates down in 267 of 389 metro areas
U.S. Bureau of Labor Statistics

Understand?

You just poured fact acid on countless liberals.