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

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

  1. yardmeat

    yardmeat Well-Known Member

    Joined:
    Aug 14, 2010
    Messages:
    57,307
    Likes Received:
    31,373
    Trophy Points:
    113
    The economy, across all metrics, has been improving at about the same rate throughout the recovery and up until now, no matter which party was controlling the Oval Office/House/Senate. A one-off quote doesn't matter. Facts matter.
     
    Cubed likes this.
  2. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113
    Not until Trump took office.
     
    Thirty6BelowZero and BaghdadBob like this.
  3. yardmeat

    yardmeat Well-Known Member

    Joined:
    Aug 14, 2010
    Messages:
    57,307
    Likes Received:
    31,373
    Trophy Points:
    113
    The facts disagree. I'll go with the facts.
     
    Cubed and grapeape like this.
  4. Gatewood

    Gatewood Well-Known Member

    Joined:
    Aug 31, 2013
    Messages:
    47,624
    Likes Received:
    48,666
    Trophy Points:
    113
    Our leftists would already know this except that the Mainstream Media had Barack Obama's back and never told his worshipful horde any of that during his presidency. Anytime a Right of Center person even tried to tell them what was actually happening they did the equivalent of shoving their fingers in their ears while singing 'La-La-La-La-La!'
     
    Thirty6BelowZero likes this.
  5. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    33,519
    Likes Received:
    17,956
    Trophy Points:
    113
    They didn't issue any.....they ignored and keep their head in the sand about the housing crisis, and blocked all meaningful legislation

    Do you honestly not recall all this?

    Bush was begging them for reform...they wouldn't bring it to his desk
     
    Thirty6BelowZero likes this.
  6. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    The economy hasn't been this strong in decades. Politifact is an opinion site and a terrible source for facts.
     
  7. Paul7

    Paul7 Well-Known Member

    Joined:
    Jun 4, 2012
    Messages:
    15,854
    Likes Received:
    11,608
    Trophy Points:
    113
    Take a look at what the stock market did at the exact time Trump was elected, after being stagnant for year or more.
     
    Thirty6BelowZero likes this.
  8. yardmeat

    yardmeat Well-Known Member

    Joined:
    Aug 14, 2010
    Messages:
    57,307
    Likes Received:
    31,373
    Trophy Points:
    113
    Which index do you want me to look at?

    S&P 500 has been rising, on the whole, since early 2009. Same for Nasdaq. Same for Dow Jones. Trump has some things to help the stock market (tax cuts) and some things to hurt it (tariffs and the "Volfefe Index"). On the whole, his net influence looks close to nil.
     
    Last edited: Feb 20, 2020
    Quantum Nerd likes this.
  9. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    this has been proven false. Republicans killed every single bill attempting to address the problem from 2001-2007
     
  10. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    33,519
    Likes Received:
    17,956
    Trophy Points:
    113
    nope the GOP was introducing legislation to fix the problems, the Dems keep their head in the sand and shouted racism anytime the issue was brought iup.

    We have been through this repeatedly.
     
  11. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    proven false
     
  12. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Anybody without a job under obama did quite well. Nothing said "stay at home" like obama's economy. A woman with a couple of kids could stay home and make more money than a woman with two kids who had a degree in education and worked full time as a teacher.
     
  13. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Which is exactly why obama had to come out and try to take credit. Democrats did that in the hopes that their party would be ignorant enough to believe it. A lot are, but there are many who are not, and have walked away from the democrats.
     
  14. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Maybe you can explain why the economy took off after Trump reversed obama's executive orders then? I'll give obama credit in the fact that his policies were so suffocating to America that a simple reversal was such a relief to America's economy that it was like someone pulling the plastic bag off your face just before you drew your last breath.
     
  15. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    it didn't As I pointed out, every economic metric has been on the same unchanging trend line since 2010. Nothing has changed that under trump.
    the data clearly shows that claim to be abject nonsense.
     
  16. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Dude it crashed under a democrat Congress. There was no direction it could go but up, and it crept at an alarmingly slow pace. Since Trump won the election, the market has shot up, sometimes 600 points in one day, and broken its own record hundreds of times.

    It reached 18,400 points before Trump was elected. In a little over 3 years, it's creeping up on 30,000 points. Went up to 13,500 under Bush II, which means it didn't even rise 5,000 points.

    When Trump was elected, democrats said he'd crash the market. They said he would never match the growth (after the recession) that obama matched. The market grew, after recession, 10,400 points over 8 years. It's already grown by 11,000 under Trump's economy in 3 years. I don't expect you to admit it, but Republicans run a far more confident economy.
     
  17. bx4

    bx4 Well-Known Member

    Joined:
    Aug 29, 2016
    Messages:
    15,266
    Likes Received:
    12,609
    Trophy Points:
    113
    The %age growth in the Dow was better in Obama’s first 2.5 years than in Trump’s first 2.5 years. I haven’t crunched the numbers in a few months but the market did better under Obama than under Trump, in terms of %age return.
     
  18. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Why is it so difficult to do your own research? Is it because it will refute your source's claims? They manipulate their data before passing it off to people like you who believe it without hesitation because it benefits your ideas. And you called us the lemmings?
     
  19. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Yep. 2007 is when the democrats took control of Congress and the crisis, which they still try to blame of Bush, began. They'll never face reality, though, that their issues are caused directly by their own leaders.
     
  20. yabberefugee

    yabberefugee Well-Known Member Past Donor

    Joined:
    Feb 23, 2017
    Messages:
    20,763
    Likes Received:
    9,042
    Trophy Points:
    113
    Gender:
    Male
    He will and can run on the economy......that's what matters.
     
    Thirty6BelowZero likes this.
  21. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113
    Yes, the economy improved boat loads under Trump. It is good to see obama endorsing the Trump economy.
    CutPaste_2020-02-20_12-11-18-247.jpg
     
  22. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

    Joined:
    Mar 20, 2015
    Messages:
    27,109
    Likes Received:
    11,629
    Trophy Points:
    113
    Gender:
    Male
    Those tariffs have helped the market. What are you talking about? The only thing bringing it down right now is the coronavirus outbreak. Hell, it dropped 2,430 points after democrats won the House in 2018 and again when they wrongfully impeached him. Thankfully he knows how to bounce back. Y'all won't do the same thing to Trump that you did to Bush. Those dirty tactics only fool Americans once.
     
  23. rahl

    rahl Banned

    Joined:
    May 31, 2010
    Messages:
    62,508
    Likes Received:
    7,651
    Trophy Points:
    113
    yes, trumps supporters detachment from reality is all that matters. Not actual facts and data, which show the economy has performed at the same rate and pace as it did under Obama.
     
  24. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    33,519
    Likes Received:
    17,956
    Trophy Points:
    113
    Yes, the Dems were flat out wrong on Fannie and Freddie...which directly lead to the crisis..which only worsened with their "recovery" policies, lead by Obama.

    Democrats Were Wrong on Fannie Mae and Freddie Mac
    The White House called for tighter regulation 17 times.

    https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

    "Much if not all of that could have been prevented by a bill cosponsored by John McCain and supported by all the Republicans and opposed by all the Democrats in the Senate Banking Committee in 2005. That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged. The GSEs' mission allegedly justifying their quasi-governmental status was to package or securitize such mortgages, but the lion's share of their profits—which determined top executives' bonuses—came from speculation."
     
    Gatewood and Thirty6BelowZero like this.
  25. yardmeat

    yardmeat Well-Known Member

    Joined:
    Aug 14, 2010
    Messages:
    57,307
    Likes Received:
    31,373
    Trophy Points:
    113
    Tariffs have not helped the market. They can help certain segments on the backs of others, but artificially raising prices doesn't help the national market overall, which is why over 1,000 economists have petitioned Trump to stop. You can find a small handful of far left economists who support it (which is why Trump solely relied on leftist economic think tanks on the campaign trail), but that's about it.
     
    Last edited: Feb 20, 2020

Share This Page