"No, the economy didn't suddenly get strong under Donald Trump"

Discussion in 'Current Events' started by archives, Feb 18, 2020.

  1. yabberefugee

    yabberefugee Well-Known Member Past Donor

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    Oh of course, Obama did it all and extended it almost another four years. Problem is, if he had, Hillary would have won in a landslide. Oh, of course you can blame that on Russia.....I guess.
     
  2. StillBlue

    StillBlue Well-Known Member

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    That and people who believe a con man.
     
  3. yabberefugee

    yabberefugee Well-Known Member Past Donor

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    What does Adam Schiff have to do with this?
     
  4. StillBlue

    StillBlue Well-Known Member

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    And another thing, this part-time jobs bull hockey. People working full time grew by 12 million under Obama who started from a recession and 7 million under Trump who started with a growing economy.
     
  5. grapeape

    grapeape Well-Known Member Past Donor

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    hahahaha

    We have had economic expansion (re: GROWTH) for 127 straight months as of this month. Obama, whom you said created "temporary growth" lasted for 90 months, while Trump gets credit for 37 months, but his is "long term".........OK...Got it

    These right wing talking points are complete and utter garbage. The ECONOMY grew, not just jobs. That "temporary growth" is now the longest economic expansion in our countries history, and you think thats because Obama created "short term growth ? FFS, you cant make this stuff up with a team or writers.
     
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  6. TheImmortal

    TheImmortal Well-Known Member

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    It’s not a talking point. Obama wasn’t stupid. He took out loans large enough to prop the country up during his presidency. His first one passed early in his first term but then before his second term he had used up the $800B for the first stimulus and then in 2012 he got another stimulus package called the Jobs act. This one was $450B and is the package that created the massive contract temporary positions.

    If you haven’t been paying attention, Trump didn’t do that. Why? Because he wasn’t trying to build a temporary economy that only looked good during his presidency. Pay attention. Maybe then you wouldn’t be so liberal.
     
  7. StillBlue

    StillBlue Well-Known Member

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    Obama spending deficits declined for 7of8 years. Trump's has grown 3of3 years and you want to talk about borrowing?
     
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  8. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    It’s funny how the economy does better the more government backs off.
     
  9. grapeape

    grapeape Well-Known Member Past Donor

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    You mean like the Republican $1.5 TRILLION stimulus package in 2018 ?
     
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  10. TheImmortal

    TheImmortal Well-Known Member

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    You mean the tax cuts? There’s a difference between tax cuts and stimulus. You realize that right?
     
    Last edited: Feb 24, 2020
  11. bx4

    bx4 Well-Known Member

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    DJIA went up 52% in Obama's first three years; only 49% in Trump's first three years.
    https://www.cleveland.com/datacentr...anks-vs-obama-bush-clinton-reagan-carter.html

    Even if we take your 43% vs 49% figures that you calculated (wrongly - your figures are incorrect), it still shows fantastic growth in the market under both presidents, with Trump doing slightly (but not enormously) better.

    So that narrative that market growth was poor under Obama and Trump has made a huge difference is just false. Trump might be doing slightly better than Obama by some measures, but only slightly. Broadly speaking, all economic indicators have been on the same trend lines since about 2010, with very little if any change since Trump took over.
     
  12. struth

    struth Well-Known Member

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    Yes, we are aware that Obama soaked his donor buddies on Wall Street, at the expense of Main Street when he and his party had total control of Washington.
     
  13. StillBlue

    StillBlue Well-Known Member

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    LOOK! A butterfly!
    Trump's economy is great because the DOW rose.
    Obama was soaking Main Street because the DOW rose.
    Think about your argument and see if it has any more relevance than a butterfly.
     
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  14. struth

    struth Well-Known Member

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    Nope, that's not the only reason Trump's economy is great....real wages rose as well, and unemployment dropped to full employment. The opposite happened during Obama's first three years.
     
  15. Gatewood

    Gatewood Well-Known Member

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    Ummmm . . . you do realize that you are trading posts with a leftist, yes? All that aside we are currently on page seven of this 'Trump didn't build that. Obama built that political screed garbage' and I want to know if anyone aside from party loyalist leftists now agree that the roaring national economy was something that Obama -- and not Trump -- built. Do they think that any genuine political independents were actually swayed by essentially saying . . . 'What you are seeing is not what is actually happening. Don't trust your lying eyes and nor your common sense"?
     
  16. StillBlue

    StillBlue Well-Known Member

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    Neither is true. real wages grew every year albeit slowly but then slowly has been the case for decades and unemployment dropped 1.4% Obama's first three years and continued to drop throughout his 8 years for a total of 5.7% drop. Trump has dropped .6% over his three years.
     
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  17. StillBlue

    StillBlue Well-Known Member

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    The point is quite simple. If there is a roaring economy now then there was one at the end of Obama's term. There is not one positive indicator that has not followed the trajectory of Obama's terms' for minor continued improvement. You say the continued growth is because of Trump, we say it's despite Trump.
     
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  18. struth

    struth Well-Known Member

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    Unemployment creeped up to double digits during the Obama, dem years...
     
  19. Gatewood

    Gatewood Well-Known Member

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    The national economy was still moribund at the end of Obama's administration. It took off under Trump and so I guess our political Left IS going to stick with the "Don't believe your lying eyes and nor use common sense," tactic with political Independents. Good luck with that.
     
  20. StillBlue

    StillBlue Well-Known Member

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    The first year, we were in a recession remember then went down the 2nd and 3rd years.
     
    Last edited: Feb 24, 2020
  21. StillBlue

    StillBlue Well-Known Member

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    If that was moribund then then it's still moribund now.
    Not one, you cannot come up with a single indicator that is not on the trajectory Obama left. Not a damn one. All you have is a con man telling you different, but then he knows more than economists in your world.
     
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  22. Gatewood

    Gatewood Well-Known Member

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    Um . . . you aren't aware that last year some leftist journalists and leftist economists finally admitted that, yes, Trump did build that?
     
  23. StillBlue

    StillBlue Well-Known Member

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    Ooops I forgot one. Trump has risen deficit spending exponentially. Of course that's not something to brag on.
     
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  24. StillBlue

    StillBlue Well-Known Member

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    No and now that you've made that assertion cite one.
     
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  25. Gatewood

    Gatewood Well-Known Member

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    I was going to but then I changed my mind. I've decided not to do your background work for you. It's not difficult to find. All you have to do is use a search engine with honest intent. Enjoy.
     
    Last edited: Feb 24, 2020

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