Obama had record high markets too. I must of missed your posts saying how great he was.
When you borrow 1.5 trillion & pump it in the economy, things look pretty good until the debt becomes due.
If the economy is so great, why are we increasing deficits? Why is the fed still afraid to raise rates?
When you slash corporate tax rares well off companies & wealthy people, they have all this money to spend. They look to the market & it drivers up stock costs.
You go ahead & think people trading pieces of paper is the key to our economy.
Ah, Dave? The Fed has raised rates six times in the two years that Trump has been in office. That's four more times than they raised them from the time Obama was elected until Trump was elected!
What did the Fed say in December?
Ah, but here's the HUGE difference between Obama's economy and Trump's, Dave! Obama's stock market was totally driven by interest rates that were kept at historically low rates throughout his entire two terms. That's the Fed saying the economy is growing so slowly that we need to do everything that we can to stimulate it! Trump's stock market is staying strong despite interest rates that have been raised by historic rates during his two plus years in office. That's the Fed saying the economy is growing so strongly that we need to do something to cool it off!
Ah, but more buillshit. Fed rates are still low.
You totally ignored how much money was pumped into the markets with the unfunded Trump tax cuts.,
Quit making excuses for Trump while trying to trash Obama.
Obama started with an economy shrinking at a rate over 6% & losing 800,000 jobs a month. I wish you diprticks would consider that for a change.
And what was Barry's first major priority when he took over that economy? Passing the Affordable Care Act? Something that quite obviously was going to hurt job creation and economic growth? I wish you Obama apologists would consider the effects of his actions on the economy! His second big legislative priority was for Cap & Trade legislation...something he was pushing hard for leading up to the 2010 mid terms! So did you want to take a crack at explaining how THAT was going to grow the economy? The truth is, Dave...Barack Obama cared more about passing a liberal agenda than he did about creating jobs.
As for "ignoring" how much money was pumped into the markets with the Trump tax cuts? Ah, that was the whole point of DOING the tax cuts in the first place. Sucking money out of the Private Sector with taxes doesn't grow the economy. Letting people invest that money does! Trump grasps that concept...you on the left don't seem to and haven't since JFK was President!
You are a lying ****. The first major legislation was a stimulus bill to get our economy back on track.
Are you stupid or a liar?
Ex-lain how Cporpiration & the welthy buying stock puts money into the economy.
Putting money in the hand of the poor & Middle Class, people who will spend it in the stores, will put money into the economy.
Handing rich people money is a piss poor method of stimulating the economy.
The majority of the Trump Tax cuts did not go to working people., Are you stupid or just a liar?
The only think Trump knows how to gradp are women's pussies.
Running up the deficit is not a good stimulus plan.[/QUOTE]
Ah yes...you want to take money out of the pockets of the people who actually create jobs...give it to the Federal Government...who will do what they always do...waste a good bit of it through sheer stupidity...and then if there is some left over...give it to the poor as entitlements?
Hey here's a novel concept! Why don't you let those job creators KEEP their money...let them create jobs for the poor and the Middle Class...and then the poor and the Middle Class won't NEED entitlements! You know...like Trump has been doing since he got into office! What Barry NEVER did the entire eight years HE was in office?[/QUOTE]
Sp now you claim those swell off corporations & wealthy people used those tax cuts to create jobs.
How ******* stupid are you.
That is a serious question.
You are so ******* stupid that you think if you hand corporations money that they create jobs? Corporations hire when they need employees because they have things for them to do. Manufacturers hire when they need to make more product. They need to make more product when their sales go up. Their sales go up when people buy more. The people who buy more are the poor & Middle Class whn you put more money in their hands. Not in the hands of wealthy people.
Then ytou claim Obama didn't create jobs. WOW Just WOW.[/QUOTE]
Obama was TERRIBLE at creating jobs, Dave! Were there jobs created during his administration? Hell, yeah! Were they created because of Obama economic policies? Hell, no! One of the biggest drivers of the economy during Obama's time in office was the oil and natural gas boom. Did you want to take a crack at explaining which Obama policies made that happen? The truth is that Barry opposed fracking and did everything he could to make fossil fuels obsolete!
As for why businesses hire? They produce goods and provide services when they anticipate profits. When you take away their profits...they don't hire people because they don't see a potential FOR profit! Trump GETS THAT...you liberals never do!