Trump vs Obama on the economy

This can be tough to compare. Obama inherited an economy with a lot of slack and a lot of room to grow.

Wages grew faster under trump until covid. Labor participation also grew faster.

The fairest way to compare is to see how everyday americans view the economy.

In jan and feb of 2020, americans rated the economy as the best since the dot com boom.

MUCH higher than during obama years.

He spent more than all other presidents combined. Somethning like $10TT

That first article is pathetic. Everything Trump is doing they give Obama the credit for. If it’s really good they highlight that it’s flattened lately “due to the trade war”. Trumps trade policies are 100% the reason wages have grown and our economy has grown. Obama inherited an economy trending down due in large part to the Dodd Frank legislation that Bush supported. It tanked the housing market. Anyone that can’t see what Trump has done economically to open doors for manufacturing and middle class jobs is just blind. These are the reasons the economy is growing and why Trump will win in a landslide. All of those middle class voters used to be 100% Dem voters. Now they’re more MAGA than anyone. That’s all he needs to win.

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problem....his problem was what we are witnessing in the streets. This divide is on him

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It definitely happened during his campaign. I never saw such hatred from people for a candidate before I also wasn't really as knowledgeable about politics at the time so I just kinda wrote it off.

To me the Obama economic recovery was built on okay at the time but ultimately unsustainable quantitative easing, years of basically zero fed interest rate, and govt spending/stimulus. These things catch up to you if you don’t change the underlying fundamentals to sustain growth when it’s time to raise interest rates and stop printing money. This is where Obama came up short and Trumps has made needed corrections.

Whereas Trump uses some of those tools as well, his economic growth is also based on long term sustainable things like deregulation, a business growth friendly tax code, and more America first trade policies. These are the kinds of things that let the American economic engine set a pace for growth for the long term.

It would be better to compare apples to apples and look at 2012 - 2019 for your comparisons

The first few years of Obama’s tenure and the last year for Trump had the economic recession and pandemic to deal with respectively, and each had massive consequences for the economy that are outside of the president’s control.

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, you had no historical perspective whatsoever for your conclusion.

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Yeah, being young and naive is nice sometimes you know

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Without looking at the info we were in the middle of a serious depression / collapse when Obama took over. The trillions in stimulus, and the timing, it’s hard for him not to have vast economic improvement

I’d imagine looking at the mean over the decades and the growth / jobs gained there would be better

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I agree with all of this. The issue is trying to find unbiased sources to back it up. Liberals can point to all sorts of mainstream sources in their arguments and the rest of us are left with blurbs from random conservatives on Twitter and (well-reasoned) message board opinions. Ducking hate the situation with our media.

Myth one ....Obama saved the world economy.

Myth two ... The Us was headed toward a depression. BS

By the time Obama takes his shoes off in the White House, the results of the Real Estate Bubble were subsiding. There was no coming depression.

Obama talked his way into stimulus money to be used to "stop the blood flow" Really? Giving money to Union Bosses stopped the blood flow? If you have an economics professor spewing that crap ...it's time to change classes.

What in Obama's past leads anyone to believe that he could save the world economically? He simply does not have nor ever did have the talent or experience.

Watching his Economic Advisors over the years has been laughable at best. The best they can claim is they somehow stopped the bleed. The economy was healing itself. The real bleed came by policy. However, his Economic Staff is too gutless to admit they were handcuffed by the Administration.

Manufacturing was running to other shores. Small businesses were closing faster than they could open. Why?

Taxes and Regulation. When you do a careful analysis of the reality of Corporations having the highest tax base in the Western World ...you can't compete. When by every measure of trade publications have an environment in which over regulating cost Manufacturing and Production over 1.5 trillion a year in costs ...you cannot be competitive in the world. You move offshore, produce at a low manpower rate, then have enough savings to ship halfway around the world.

There was no magic wand. It was experience and business acumen that drastically changed the direction and boosted all aspects of production in the country. Trump simply applied the reduction in taxes and the reduction of regulations at a rate of "For every regulation created, we will cut three."

Remember, it came from the horse's arse's mouth ..."Get used to this economy the jobs are not coming back." If Obama's Economic Advisor's had been truthful they would have stood on the table tops and shouted to the heavens
They are praying for a Biden Presidency so they can get a DC job again.

We used the most practical Economic Indicator possible. We dealt with every Electric Utility Purchasing Department in North America. The story was always the same ..."No predictable Growth." Simply put ... If they aren't adding meters, there is no construction. If there is no construction, there are no jobs on the ground in the future. As a business, we knew at least six months before there was an economic uptick or downturn. Building permits means business for utility infrastructure.