Private sector job growth 'rip-roaring' in May: ADP

Obama inherited a cataclysm, the Great Recession. Trump inherited a cataclysm in his own feeble mind.

 

Not a very smart bet the way things are going. His only successes have been via EO. I'll wait for a congressional success before I believe he can tackle some of those problems that will absolutely require Congress to get on board.

Eh. Obama gets a small amount of credit simply for continuing Bushs stimulus package which had an immediate effect. But his is a bit of an outlier in that he's probably one of the only Presidents to take office in the midst of a Massive global recession.

 

well, Trump is a loser

 

lol. Now that my team is in power, we'll be there forevuh!!!!

 

Which hovered above another recession by a mean .8% GDP growth for all 8 years. Even Jimmy Carter did better.

 

Including the worst years of the great recession into the 8 year total paints a dishonest picture, and you know it.

Like I said, Obama inherited a catastrophe. Trump inherited a stable economy with sub-5% unemployment. No comparison. Even wages are on the rise, much to the chagrin of the GOP and their oligarch puppet masters.

Donald has nowhere to go but down, and down he'll go, much like the idiot GWB before him.

 

Yep, like I said it didn't get much better.



Look at the amount of "part-time" workers.

 

I have a better graph.

 

I take umbrage with your ruler.

Establishment republicans are part of what is wrong with this country. As are establishment democrats. They are by in large corrupt. They are why a complete outsider was elected. Some may need to be replaced by threatening the agenda the president, and by in large they, were elected to push forward.

Congress IS the problem. Corruption. If he were to manage to get major legislation through before 2018, you should be absolutely amazed at his negotiating prowess, and sing bis praises.

 

Losers often say such about successful powerful people.

He is a self made billionaire.
He is the leader of the free world.

Explain how you are a winner, and he is a loser.

 

Theoretically true but not gonna matter in this case. Don't recall the source, but I recently saw an article that said that the overwhelming majority of the unemployed we either people with health issues or caregivers for people with health issues. I am not sure any economic policy will change that unless we start ponying up money for better health treatment and better funding in-home assistance. Since we will do neither, this is the new normal.

 

I think this is a very oversimplified statement.
The stock market didnt go through the roof the day Trump was elected because Obama set up such brilliant economic policies. The dow did not break every record in its history because of Obama's tax and spend policies. Consumer confidence... foreign investment... I mean you could argue semantics and suggest that the upheaval of his terrible policies were responsible... and therefor it was due to Obama... but I would argue this wouldn't have happened if Clinton were elected.

 

Much of it involves speculation on the impending tax reformation.

 

Ah, but the two/three primary examples that you've cited are all based on expectations and therefore, arguably, are not reflections of the actual and current economic conditions. I would exclude consumer confidence from that point, but if the expectations are not met, then it is only a very small segment of the US population that would be negatively impacted. And all of those indicators are very volatile, failures on behalf of the administration to follow through with proposals can send all of them downwards drastically.

 

Get back to me when it comes apart. Till then, trumps pro business positions and actions rolling back bad Obama regulations is responsible for the tangible results. Not Obama.

 

I only grant you that his intent to accomplish those goals (or more specifically, the goals of the GOP controlled senate/house) are drivers behind some of the growth. Growth that is remarkably similar to the growth seen in the last year of Obama's presidency.

 

Growth unlike anything seen in history. Thats what record highs mean. Foreign investment also unprecedented. Obama's "recovery" langished for 8 years as he stifled growth. The slowest recovery in history. We escaped the great depression faster. I know it chaps your ass to give credit to Trump, and you want it to be at least in part Obama's, but it belongs to Trump, and it isn't attributable to Obama. This is demonstrated by the flip. Grow up. Admit truth.

 

So basically almost the same slope since Obama fixed the recession. Cool.

https://www.washingtonpost.com/news...as-in-2016-and-for-that-he-can-blame-himself/


Trump’s job numbers trail Obama’s in 2016.

 

And by "self-made" you mean inherited a huge real estate empire from his daddy and then proceeded to run it into the ground.

I'm willing to be that his current debts exceed his assets and that one of the many reasons why he refused to disclose his tax returns like every other recent president.

By the way, why did he seal his academic records? What's he hiding in those?

 

No, there is a difference between the "rate of growth" and the all time high mark. Several "all time highs" have been set during both administrations. The rate of growth for Trump, so far, is lower than what was experienced during the last year of Obama.

And no, I am not going to give Trump credit for something that he has not done. He hasn't passed Tax reform, most of the regulations that he repealed were still pending, and he has not passed ANY legislation as it relates to the economy. All of the current economic conditions were put in place by Obama and previous administrations. If you want to talk about expectations (read: stock market), then sure, businesses like a Republican administration and Congress because it usuallly means larger corporate profits.

As for the foreign investment at unprecedented amounts, I can not find a source for that claim. What is yours?

 

Lol...yeah, too bad the BLS numbers mostly stunk.

 

How can anyone seriously give Trump credit for anything about the economy besides expectations maybe influencing the stock market?

He has not slashed any major regulations, besides ones that were pending and allowing coal companies to dump in rivers and streams.

The budget is Obama's. Trump's budget will not be in effect until October. Maybe later depending how everything plays out in Congress.

The tax rates and code have not changed since Obama was in office.

No trade deals were renegotiated or dropped except TPP. Dropping out of TPP affects will not be really figured out until at least a year or two. Right now it looks like it will be hurting some farmers.

We are seeing the same trend carrying over from Obama's last six months to Trump's first six months.

IMHO we have to wait until next year to see how Trump's agenda affects the economy.

 

Every company I dealt with were apprehensive about expansion for at least the last five years of the Obatard Presidency.. What you see now is the release from that apprehension and distrust they had for anything Obatard economics..

 

Comparison Between Presidents Trump and Obama – First 7 Months – Massive Success vs. Abysmal Failure

 

He turned the Recession around and Trump couldn't even beat his 2016 numbers. Sad!

(P.S. Yes, Bush gets some credit too for the 2009-2011 turn around numbers. But not too much http://time.com/money/4175994/state-of-the-union-obama-economy/).