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

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

  1. archives

    archives Well-Known Member

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    "One of the biggest themes of President Donald Trump’s State of the Union address — and one of the biggest themes of his reelection campaign — is that he inherited a weak economy from President Barack Obama and turned it into a strong economy by implementing his own policies."

    "Trump added, "if we hadn’t reversed the failed economic policies of the previous administration, the world would not now be witnessing this great economic success."

    "We looked at 15 common economic statistics, from unemployment rates to growth in gross domestic product to poverty, foreclosures, and bank failures. They cover the period of the Great Recession until today. Where possible, we’ve highlighted periods under a Republican president in red and periods under a Democratic president in blue."

    "The bottom line: For virtually each of these measurements, we found that the trend lines continued almost seamlessly from the second half of Obama’s presidency into the first three years of Trump’s tenure. Trump’s claim that he turned around a failing economy is wrong.

    https://www.politifact.com/factcheck...under-donald-/

    And notice that the source even offers further fact checks for those that want to dismiss the documentation
     
  2. Quantum Nerd

    Quantum Nerd Well-Known Member

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    The one that didn't follow the previous trend-line is the deficit. That one almost doubled, as expected from the self-proclaimed king of debt.
     
  3. TheImmortal

    TheImmortal Well-Known Member

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    That’s because Obama’s “economy” created a ton of jobs 95% that were part-time or temporary which creates a short term bump in the economy.

    What it doesn’t do is fix any economic problems associated with the country. It only does so in the short term. In order to create REAL economic benefit you have to do what Trump did and create full-time permanent jobs.

    Every single one of the 15 factors the leftist org politifact addresses in that story are based upon the part-time temporary jobs Obama helped to create. But part time temporary jobs don’t fix an economy. They only make it APPEAR as if it’s getting better until those jobs end. Obama was a perfect example of the Democrat party’s unofficial motto: To seem rather than to be.
     
    Last edited: Feb 18, 2020
  4. reality1

    reality1 Well-Known Member

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    As far as I’m concerned, Politifact has shown its bias so I treated them like any other media outlet. So with having said that, I think we put too much stock into these kinds of statistics because they don’t always reflect truth.

    The people are who create and expand our economy, not the government. It is the government which regulates it. So when the government creates a situation like we experienced in 2007, the people will pull themselves out, it’s just regulated by the government as to how quickly. Cheap money can help, tightening regulations can hurt. Confidence that you have the support of your government in your business endeavors is huge, and feeling the regulatory grip when they don’t can be fatal.
     
  5. archives

    archives Well-Known Member

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    If you read the article you would have saw they offered access to additional sources beyond what was there to everything the authored, so dismissing it as a partisan piece is incorrect

    And the Gov't didn't create 2007, it was Wall Steet gambling with mortgage derivatives and credit swaps that bought down the economy. Given the lack of currency in the economy the Gov't was the only entity that could respond, otherwise we may slid into a Depression

    And the thing about regulation is that deregulation can be just as dangerous, currently under the banner of deregulation Americans are suddlely losing a lot of consumer protectionism
     
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  6. hampton86

    hampton86 Well-Known Member

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    So present these facts to support your assertion. The "leftists" did quite well. Let's see what you've got
     
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  7. Spim

    Spim Well-Known Member Past Donor

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    my experience in our local economy begs to differ, things really started taking off 2nd Q of 17 and it hasn't slowed down one bit!

    Construction, jobs, people moving here, its been a great run so far, I'm hoping for 4 more years.
     
  8. TheImmortal

    TheImmortal Well-Known Member

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  9. hampton86

    hampton86 Well-Known Member

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    Did you actually read the report. Seems to be classifying a good share of that to people being forced into independent contractor status. A way for corps to avoid paying standard benefits. Not exactly a positive for the middle and lower classes, wouldnt you agree?
     
  10. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Trend lines continuing in a bill market is a good thing.

    We all know if they would have dipped, he would have been blamed.
     
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  11. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    All claims that the president/government turned the economy around are wrong. The president/government cannot create growth, it can only hinder it. Trump is less of a hindrance than Obama.
     
  12. hampton86

    hampton86 Well-Known Member

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    Maybe, but they didnt; and the facts are that he's yet again taking credit for something he didnt do. Kind of a theme
     
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  13. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Deficits almost doubled? I'm going to need to ask you to source that claim.
     
  14. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Except he did.
     
  15. hampton86

    hampton86 Well-Known Member

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    Odd then that NONE of the data supports that

    You goto Trump U for your MBA?
     
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  16. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    You debate like a child? Run along then.
     
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  17. hampton86

    hampton86 Well-Known Member

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    Really??

    Want to maybe look up what happened post Great Crash?
     
  18. hampton86

    hampton86 Well-Known Member

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    Children challenge you for facts you don't have??

    Smart kids
     
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  19. Bearack

    Bearack Well-Known Member

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  20. bx4

    bx4 Well-Known Member

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    Last edited: Feb 19, 2020
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  21. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    The fact is... the economy maintained continual growth even as it approached full employment. That is a very difficult thing to accomplish as the curve for growth tapers off as it approaches full.

    Those are facts... you just cant deal with them.
     
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  22. TheGreatSatan

    TheGreatSatan Banned

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    Democrats send their families and friends to serve on boards of foreign companies and invest in them while they use their power in America to crush their American competitors.

    After trump won, many investors went from betting against America to betting on America.

    Why would you invest in America when the Democrats running it are managing its decline and saying poverty is the new normal.
     
  23. Yulee

    Yulee Well-Known Member

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    Contract employment had a strong clientele by choice. Higher salaries.
     
  24. rahl

    rahl Banned

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    this is demonstrably false
     
  25. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    We can discuss your theory on the great depression and its recovery. This is an easy one. All Trump did was steal a little less.
     

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