Sorry Obama, But It's Trump's Economic Boom, Not Yours

anatta said:
silliness. the last 26 months of the Obama presidency and the first 26 months of the Trump presidency is about the same job growth ( symmetry around the Jan 2017 inauguration date) rates.

The difference is under Trump we are getting higher paying jobs and wage growth Obama lacked
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It started and consistently continued under Obama. That means all Trump did was not fuck up what Obama started. Unfortunately, Trump is now doing the same things that Republicans always do to cause a recession. Meaning eventually things are going to get bad again.
 
archives said:
Then explain the bear market and falling unemployment dating back to 2010
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Explain why, when something isn't favorable, you continue to kiss Obama's black asshole and not blame him for it. You can't give him credit when it's good then kiss his ass when it's bad, BOY.
 
StoneByStone said:
It started and consistently continued under Obama. That means all Trump did was not fuck up what Obama started. Unfortunately, Trump is now doing the same things that Republicans always do to cause a recession. Meaning eventually things are going to get bad again.
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Pucker up to the black boy's asshole.

If the economy is still Obama's why, if something isn't favorable, it's not Obama'a fault?
 
Gonzomin said:
Are you a sock? You sure are as dumb as many rightys on this board. The economy is on the same trajectory it was on when Obama handed it over. It took Trump a year to get his tax cut through at it was just a gift to the wealthy. Zero impact on the economy. His tariffs kicked up prices to consumers. If they got a sliver of a tax cut, the added costs of products more than took that pittance away.
Trump claimed credit day one for the economy and did nothing to it at all. I wondered who was dumb enough to believe Trump with all the evidence on the other side. Now I know. You are one of them.
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Asks the sock that's only been here 2 months.

When that economy you say is due to Obama falters, why do you not blame Obama?

Keep kissing his black ass, sock.
 
StoneByStone said:
......Trump's job growth has been worse than Obama's.......
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Thats bullshit. Under Obama almost all we got were part time crap jobs that could not support a single person, and paid so little that no taxes were collected.

Gonzomin said:
Are you a sock? You sure are as dumb as many rightys on this board
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That post is too stupid to even take seriously. I am 100% sure that you haven't got the slightest idea what authentic conservatism even is. The only stupid thing is to support the party of socialism, homosexuals and infanticide, i.e. Democrats.

StoneByStone said:
It started and consistently continued under Obama. That means all Trump did was not fuck up what Obama started........
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Again, that is pure nonsense and the OP explains why. Your socialist Kenyan even mocked Trump when Trump predicted the growth that he has actually achieved!

All Trump had to do was get rid of regulatory burden and ease the insane corporate tax rat which was the highest in the world, and it was the same as removing the block from the engine of the economy and allowing it to be fueled; it roared back to life.
 
Terri4Trump said:
Thats bullshit. Under Obama almost all we got were part time crap jobs that could not support a single person, and paid so little that no taxes were collected.



That post is too stupid to even take seriously. I am 100% sure that you haven't got the slightest idea what authentic conservatism even is. The only stupid thing is to support the party of socialism, homosexuals and infanticide, i.e. Democrats.



Again, that is pure nonsense and the OP explains why. Your socialist Kenyan even mocked Trump when Trump predicted the growth that he has actually achieved!

All Trump had to do was get rid of regulatory burden and ease the insane corporate tax rat which was the highest in the world, and it was the same as removing the block from the engine of the economy and allowing it to be fueled; it roared back to life.
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you are a drug addled liar.
 
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Terri4Trump said:
Sorry Obama, But It's Trump's Economic Boom, Not Yours
Investors Daily https://www.investors.com/politics/editorials/obama-trump-booming-economy/

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.

LOL! No way in hell.
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To continue:

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%

We could go on.

Meanwhile, the same reporters now patting Obama on the back for today's strong economy were reporting in late 2016 about how — as The New York Times put it — "the underlying reality of low growth will haunt whoever wins the White House."

Scientific Consensus

Still not convinced Trump deserves credit for the current booming economy? Consider that a survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this year 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."

Yet to listen to liberal activists and the ideological press and you'd think that Trump was crazy for claiming credit for today's growth. "The economic expansion we're enjoying today was set in motion under Obama," insists Slate's Jordan Weissmann.

Doesn't this make people like Obama and Weissmann "economy deniers?"

Investors Daily https://www.investors.com/politics/editorials/obama-trump-booming-economy/
 
Centerleftfl said:
Well, take it up with ALL the economists. They seem to disagree with you analysis.

Thank God, WE'RE not counting deficits anymore.
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you've always thanked God we weren't counting deficits......and saying ALL economists agree with you is as stupid as saying a demmycunt will be elected in 2020.......
 

Dow, S&P and Nasdaq set record highs
https://thehill.com/policy/finance/451588-dow-sp-and-nasdaq-set-record-highs

Three major U.S. stock indexes closed with record highs Wednesday, extending another stretch of rampant gains for Wall Street despite a dimming global outlook.

The Dow Jones Industrial Average, S&P 500 and the Nasdaq composite all set new highs in a shortened trading session ahead of Independence Day.

The Dow closed with a 179-point gain, rising 0.67 percent to a record high of 26,966 points. The S&P rose 0.77 percent, gaining almost 23 points to close at a record 2,996 points. And the Nasdaq rose 0.75 percent to gain 61 points, closing with a record 8,170 points. Trading ended at 1 p.m eastern Wednesday, three hours earlier than the typical closing bell, ahead of a long holiday weekend for many U.S. businesses.

U.S. stocks have blown through records in the second quarter of 2019 despite the growing costs of global trade tensions, the volatile U.S.-China trade war and several geopolitical risks with economic implications, including Brexit. Wall Street has also rallied as the Federal Reserve moves closer to cutting interest rates.
 
Penderyn said:
Since when did any American politicians control capitalism?
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Tax rates and regulations have a direct effect on how well business does. That may not be "direct" control, but tax policy can certainly either help or hurt business, which in turn creates or loses jobs.
 
Terri4Trump said:
Tax rates and regulations have a direct effect on how well business does. That may not be "direct" control, but tax policy can certainly either help or hurt business, which in turn creates or loses jobs.
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Usually at the cost of a later slump, which, for some reason, doesn't count. In my view, politicians without doctorates in economics or a serious trades union background should leave this stuff to businessmen.
 
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