Very true
But Obama saw a drop of unemployment among blacks of over seven percent. Trump has dropped it an additional one percent.
Correct. The groundwork was in place when #45 took office.
Trump boasts the economy is the best it's ever been. Here are 9 charts showing how it's fared compared to the Obama and Bush presidencies.
You lie. Fudged Stats and agendas make those graphs.
No he did not. You can't face the truth. It doesn't serve your agenda to do so.
If you start from the bottom you can't go no where but up. Obama created part time jobs and stopped counting millions of people. Most of the jobs had no raises for many years with inflation eating away at their earnings and income. People on fixed incomes suffered the most. The federal reserve artificially kept rates near zero. This made productivity look good. And fueled the GDP if you could call it that. Politicians get in the way of growth more then letting it grow. In other words, the growth could have been more real with pay raises from the bottom. But the real issue is the massive debts accumulated over eons.From a decade to fifty years to a hundred years to half a millennium. Deficit spending works best when a fiat currency does not have much negatives and in bad times. But we used deficit spending in good times also. And now we need it to tread water. WW 2 saw massive spikes in deficits and it worked. LBJ did the same and it worked and it fell also with the 1970's malaise and ended with the federal reserve wringing out a lot of the debt in the early 1980's so we can grow again. People suffered. We had a chance during the Clinton years and they at least balanced the budget but it was not real cuts. Thestock market collapsed in Clinton's last ear denoting people/the baby boomers were spending less. W. Bush cam into office with that around is neck. He begged people to spend money several times. He gave tax cuts to help. But the housing boom funded by junk bonds crashed. And he warned about that also. We would have to have downturns but it is how much the downturn is and when they allow it that really counts. So then we had Obama and his trickle, trickle, drip, drip, drip economics that made the working man suffer in recovery with an added ball and chain around their necks with Obamacare. From Clinton through Obama losing millions and millions of manufacturing jobs with it. So now we have Trump walking a tight rope with the hand he has been dealt. And with 95% of the media baring their teeth of pure hate against him. And against the general population as we need these political azzes in D.C.to get their act together. For we are printing a lot of money every month to shore up massive debts for all the people who are collecting and are owed!! A crash can happen!
Weak excuses. But you a ready to praise Trump who was handed record job growth, a strong economy and full employment . Now if it had not been for republican obstruction Obama would have done better.
Prestigious Study PROVES That Republicans Hold Blame For Sluggish Economy (STATS)
By
Carissa House-Dunphy
August 11, 2016
Donald Trump’s speech on his economic plan was rife with factual errors, but one particular false claim not only stands out, but has been repeated by Trump consistently in the past few weeks of his campaign.
Donald Trump has made it a point to blame Obama, and by extension Hillary Clinton, for a slow economic recovery. Despite the fact that our country is no longer losing 800,000 jobs per month as it was when Obama first took the reins from a failed GOP president, the fact that the economy is not recovering more quickly is a favorite talking point of Donald Trump and his supporters.
However, a new study by the Economic Policy Institute shows that it was GOP obstructionism, not any policy failure by the Obama administration, that is responsible for the slowing-down of economic recovery. According to the report, the stall can be directly attributed to:
‘The lackluster pace of recovery on Republican-led budget cuts in 2011 following the row over the US debt ceiling, the unwillingness of local officials to spend money when Republicans in Congress were advocating cuts in spending, and the refusal to expand Medicaid in 19 states.’
Because GOP elected officials obstructed any spending that would aid in the recovery of the economy, they are now able to blame President Obama for the slow growth of economic recovery. Never mind the fact that the country is no longer in an economic freefall after President Obama and a Democratic-led Congress rescued the auto industry, reduced unemployment down to just 5 percent, shrunk the size of the deficit, and increased the GDP.
Prestigious Study PROVES That Republicans Hold Blame For Sluggish Economy (STATS)
View attachment 284291
Why is recovery taking so long—and who’s to blame?
By Josh Bivens • August 11, 2016
This fall’s presidential campaign will offer conflicting narratives about how the U.S. economy is faring and how well incumbent policymakers have managed the recovery from the Great Recession. But we already know the story. We are enduring one of the slowest economic recoveries in recent history, and the pace can be entirely explained by the fiscal austerity, particularly with regard to spending, imposed by Republican policymakers, members of Congress primarily but also legislators and governors at the state level. Key findings of this brief are:
- Since the recovery’s trough in June 2009, employment took longer (51 months) to reach its pre-recession peak than in any other of the previous three recoveries. Much of this too-slow march back to the pre-recession employment peak can be attributed to the length and severity of the Great Recession itself—the economy had a much larger hole to dig out of. But the pace of job growth in the recovery phase following the recession was also slow relative to previous recoveries—slower than any on record except the recovery in the early 2000s. At the trough of the Great Recession the economy was more damaged than at the trough of any postwar business cycle; only the 1982 trough was comparable.
- The ability of conventional monetary policy to spur recovery following the Great Recession was more limited than in any other postwar recovery.
- Given the degree of damage inflicted by the Great Recession and the restricted ability of monetary policy to aid recovery, historically expansionary fiscal policy was required to return the U.S. economy to full health. But this government spending not only failed to rise fast enough to spur a rapid recovery, it outright contracted, and this policy choice fully explains why the economy is only partially recovered from the Great Recession a full seven years after its official end.
Why is recovery taking so long—and who’s to blame?
Obama care has helped the economy.
View attachment 284290
Obamacare has been good for the economy
Over the past few years the
public sector has not contributed much, if anything,
to GDP and the US economy's growth.
There is one implemented policy, however, that appears to be helping.
Aneta Markowska, an economist at Societe Generale, broke down just how consumers are spending their money that they have saved since the drop in oil prices.
The largest increase in consumer spending since gas prices have dropped, according to Markowska, has
been on healthcare.
"In nominal terms, household spending on healthcare averaged 3.9% between 2010 and 2013," wrote Markowska in a note to clients Thursday.
"It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter."
This would indicate that Americans have been not only been spending more because of increased costs, but also intentionally allocating more of their wallet to the sector.
Obamacare has been good for the economy
Trump hasn't done shit. And if he's walking a tight line it's due to his policies. Donald Trump has been a poor president. And what he does is repeat black unemployment numbers knowing there are enough dumb whites out there that will use this to counter our argument of his racism. No president has done a good job with black unemployment until it is equal to white unemployment. Talking about low black unemployment is when it is still twice that of whites is fake news.
Drop the dumb ass argument of the media hates him. He's got more free media time than any other candidate and the media covers his antics far too much now. And he is the one who started the fight with the media. Stop falling for this authoritarian tactic. He's getting treated no different than any other president.
