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re: The argument about "trump economy just on same trajectory as Obama, no big deal"
Posted on 1/16/18 at 12:45 pm to HailHailtoMichigan!
Posted on 1/16/18 at 12:45 pm to HailHailtoMichigan!
quote:
First off, yes it is true that trump inherited an expanding economy from Obama. So it's true that many of the reasons the economy is growing now are due to factors independent of trump or his policies
bullshite.
How the hell is 2 years of 1.8% GDP growth considered an "expanding economy"?
The stock market on Jan, 2015 was 17,400, and on Nov 7th, 2016, it was 17,900.
That's +500 points in the last 22 months of Obama's presidency leading up to election night.
The market has gone up +8,000 points since election night, and the economy just had 3.3% GDP growth.
How in the blue frick do you spin Obama having 2 years of stagnant economy and flat markets getting any credit for 2017?
What policies did he implement that changed 2 years of crap to suddenly the economy and market skyrocketing?
This post was edited on 1/16/18 at 12:48 pm
3
Posted on 1/16/18 at 1:17 pm to BeefDawg
quote:
The market has gone up +8,000 points since election night, and the economy just had 3.3% GDP growth.
How in the blue frick do you spin Obama having 2 years of stagnant economy and flat markets getting any credit for 2017?
What policies did he implement that changed 2 years of crap to suddenly the economy and market skyrocketing?
You'll get nothing but crickets.
Posted on 1/16/18 at 1:38 pm to BeefDawg
quote:
How the hell is 2 years of 1.8% GDP growth considered an "expanding economy"?
Expanding means growing. The fact that you consider this controversial is incredible.
quote:
The market has gone up +8,000 points since election night, and the economy just had 3.3% GDP growth.
The economy grew at above 3% for single quarters during Obama's tenure too. And the markets rose at the same clip as well during certain periods. Look at a chart bro.
You can't gauge much when we don't even have a full year of data yet. Obama had some excellent quarters.
This post was edited on 1/16/18 at 1:40 pm
Posted on 1/16/18 at 6:29 pm to BeefDawg
quote:
How the hell is 2 years of 1.8% GDP growth considered an "expanding economy"?
By definition GDP Growth is expansion.
Obviously 3% is better than 1.8% but regardless both denote expansion.
Recession would be negative GDP growth
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