Another Thing trump Takes Credit For Turns To Shit
- Thread starter Walt
- Start date
lies again. your posts are trash reads
Economic growth did not change when trump came into office. So if low 2% growth was booming for trump, it would be booming for Obama too.
Even during the Great Recession, the repo markets did not need the Fed to print money and pour it into the repo markets. I doubt we have ever needed that before trump. When the Fed has to immediately create money to keep almost all the major businesses in America from going bankrupt, that is a real problem with the economy.
FFS. GDP slowed to 1.9 Percent in Obama's final days.
The economy slowed in the final quarter of 2016, growing less than 2 percent. That is what Trump inherited
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But more then the GDP it was wages and good jobs. Trump grew manufacturing jobs by almost 500k
Obama lost 200k -and Obama said those jobs "were not coming back without a magic wand"
Wages were about 3- 3.4% growth per annum - and the wage gains were skewed to lower income earners
Obama did not come close on wages and good job growth
Whatever loser.
I have been an outside consultant on hiring. It was almost entirely masters degree or higher candidates. I have no experience with blue collar hiring.
Not really. Ethnicity is a fun thing to talk about at work, like maybe the weather, but not an essential part of work, or getting a job. For a while there I had only one job, where citizenship was important. Now I am diversifying again, and will be hiring out to subcontractors who are not in the USA.
I'll be honest with you ... I stopped reading after this.
Oil production has stopped because they can not sell what they produce for a profit ... so yes ... they have stopped oil production.
Short time investors got out in 2014-15 ... most fracking fields stayed dormant with skeletal staff until the price increased.
I was a fuel tank inspector back then and we were booming ... frackers were trying to sell their smaller storage tanks.
Fracking is a big natural gas producer ... 2/3 of our natural gas production... not as fluent in that industry as I am with oil but I imagine demand is declining for that as well.
Darth Omar
Russian asset
Trump...test kits! Lol
The trade wars, the credit markets seizing up, and the extremely low inflation/prime rates all were having the global markets slip into a global recession. And then the pandemic hit, and all the countries went into lockdown, and we were looking at something far worse than a global recession.
trade wars caused no loss of trade or inflation - it has to be done China has been stealing our lunch forever.
( forced tech transfer with JVentures, IP theft, espionage -as well as their malign behavior in the S.China sea)
There was no shortage of credit..January had another month of YUGE job growth.
Such revisonist partisan malarkey you post!
Oh those inconvenient questions!
Walter won’t even give the name of the university that gave him a masters degree...lol...in engineering.
Which engineering discipline, Walter?
What is the derivative of tanx, Walter?
Second year calc, Walter.
So you do remember 0bama's new normal of 2% growth ... thought so.
And that ain't a moderate growth ... that's barely keeping up with inflation ... or stagnant ... 0bama said get used to it.
President Trump said nonsense and proceeded to get govt out of our way ... that's the magic wand 0bama couldn't find.
He couldn't find it because getting govt out of our way is not a tool in a socialist tool box ... his answer to everything was more regulations and spend more money.
No, Walter, wrong.
Here’s the correct answer that you avoided.
The economic crash around the world is the direct result of the virus from China that China failed to contain.
Of course you knew that, Walter.
I don’t wish to be rude, Walter but that’s ...h o r s e. m i e r d a.
That is just wrong. '16Q4 GDP growth was 2%, and '17Q1 growth was 2.3%. '16Q2 was 1.9%, but that was not when Obama left office. It all averaged out to the low 2's. There were much lower numbers ('14Q1 was -1.1%), but also much higher numbers ('14Q2 was 5.5%, and '14Q3 was 5%). And, it all averaged out to the low 2's.
trump continued in the low 2's.
We have not seen higher than 3% growth in wages "per annum" since Clinton was President. Could you mean "annualized"? You would be correct if you said that. We did see a few months that if they were annualized, they would be in the low 3's.
Lets start at the beginning. Obama lowered unemployment greatly. That did not lead to the massive wage growth that economists would expect. Wage growth stayed close to GDP growth, in the low 2's, so did not cause inflation. trump did lower unemployment a bit more, not the massive amount you claim, and wages did start ticking up above economic growth. It was averaging in the high 2's, not above 3% as you claim. The Fed was beginning to become worried about inflation.
But there were also odd problems. No one had ever heard of all the companies on the S&P 500 running out of cash on hand at the same time. The Fed printing money to fill that gap meant that they were going to have to raise the prime rate to keep inflation from getting out of hand. That meant a recession was coming.
I hope this all helps you understand the last decade of economics.
Althea
Althea told me...
Because they know that he has never lived up to any deal he has made. Not once in his life.
Althea
Althea told me...
If by 'Walter', you mean 'trump', then you are correct.
Trade wars definitely caused loss of trade for both sides. Remember the massive farm aid package trump needed to repay the farmers for their lost trade?
The world economy was suffering from borderline deflation, so if the trade wars had caused inflation they would have been good.
Since trump came to office, the Chinese have seized all those islands, and built bases on them. China has them, and now China is attacking non-Chinese fishing fleets, which they never used to do.
Have you ever heard of the Fed handing out newly printed money to the businesses on the S&P 500, because they do not have enough cash to pay their bills? It has never happened before.