Economic reality check

You shouldn’t disparage Obama like that.

 

Obama left upward trends for the right wing not an oncoming Recession you all barely felt due to all of the socialism involved.

 

Obamanomics was tanking when Trump took office.

Socialism saved the US ??

 

Talk is cheap in politics with a First Amendment.

I know how to read charts.

 

Then you know that gdp was on a downward trend before Trump was sworn in.

 

all charts were showing an upward trend.

 

Let’s see one.

 

an upward trend since 2010:
https://www.barchart.com/stocks/quotes/$DOWI/interactive-chart

 

That’s not gdp.

 

actual gdp has nothing to do with free markets.

 

That’s bizarre but whatever floats your boat.

 

Congress commands fiscal policy.

 

That's the reason for just 20,000 new jobs in February, all the openings, which the Dotard tax reform created ?

 

Was tanking ?

 

There are more job openings (~ 7 million) than unemployed.

 

Made the mistake of coming in without logging in and saw this, so might as well address it. GDP was on an upward trend over the same time period and you have already been provided graphs showing that. Your claim that Trump's GDP growth was the highest in a decade is also empirically false and this has already been proven. It is getting harder and harder to believe these misrepresentations are not deliberate.

 

160,000 was expected in Feb 2019, but it was just 20,000.
Explain that away ?

Give you an other fine indicator for trouble, look at the farm sector and what Dotard's policies have done to it.

 

Gdp was going down right before Trump’s election. Real gdp growth in 2016 was ~ 1.5%.

Real annual gdp growth was the highest in a decade. What year was higher ??

 

Competition for workers. There is a labor shortage. The number will be adjusted and is an anomaly but there are more job openings now than there are unemployed.

The farm sector is doing fine. It’s down a bit due to the trade negotiations going on with China. They have placed tariffs on soybeans which will be negotiated away.

 

tax cut economics are worthless to the People if they don't balance the budget.

 

Automate! We want hire wages anyway.

 

This is objectively false, and you've been shown graphs already demonstrating that this is false. GDP, in real, season-adjusted dollars, was going up. The RATE at which it was going up went down. GDP didn't go down. The rate at which GDP was going up slowed down, which really isn't all that surprising. That tends to happen around the time of an election.

Still, no, GDP itself was going up. I can post the graph again if you want to. Or, since you appear to prefer looking at GDP growth rates instead of the GDP itself, you can just look at the percentages. When the percent change is positive, that means GDP is still going up. GDP isn't going down unless those percentages turn negative.

Which is 1.5% growth. GDP went UP by 1.5%. Not down.

This is absolutely false. It is not true that real annual GDP growth was the highest in a decade. We hit 2.9% in 2018. The last time we hit 2.9% was 2015 (something we've already been over before). 3 years is not a decade.

 

Then why was the 2018 GDP only 2.88%?And that was with Dirty Donalds tax cuts for the wealthy and cutting top rate corporate tax from 35% down to 21%??His tariffs against China thus far have had the EXACT OPPOSITE EFFECT of what he supposedly wanted, as Chinese exports to the U.S. have risen dramatically.

 

The trend was down.

And you then acknowledge that the real growth in 2018 is the highest in a decade.

 

GDP is influenced by fiscal policy and is not a true indicator of market economics.