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Started By
Message
re: When a lib says Trump inherited a hot economy.
Posted on 9/8/18 at 4:08 pm to KeyserSoze999
Posted on 9/8/18 at 4:08 pm to KeyserSoze999
quote:
Do they have any credibility? Asking for a friend
Just makes me believe those people weren't actually in the work force at the time. This is such a great time to be in a servixe industry. Loving Trump's economy as a CPA. People spend more money on our types of services during a good economy.
This post was edited on 9/8/18 at 4:19 pm
2
Posted on 9/8/18 at 4:26 pm to KeyserSoze999
quote:
When a lib says Trump inherited a hot economy.
Do they have any credibility?
This isn’t really a matter of opinion. Anyone who thinks the economic upturn began with Trump’s election is a brain dead moron.
Posted on 9/8/18 at 4:28 pm to LSUconvert
quote:
How can my opinion of something influence yours?
Obama using intimidation and over regulation isn’t an opinion.
Remember the downturn in air travel that he initiated by blasting “unnecessary” business travel? Remember the IRS wielded as an instrument of punishment? Remember the pile of executive orders he issued to get around congress, that Trump has been reversing? Thank God we’re rid of him.
This post was edited on 9/8/18 at 4:31 pm
Posted on 9/8/18 at 4:33 pm to imjustafatkid
quote:
Just makes me believe those people weren't actually in the work force at the time.
What does being in the work force have to do with ones ability to look at data and discern facts?
Posted on 9/8/18 at 4:34 pm to TheHarahanian
quote:
Obama using intimidation and over regulation isn’t an opinion.
Remember the downturn in air travel that he initiated by blasting “unnecessary” business travel? Remember the IRS wielded as an instrument of punishment? Remember the pile of executive orders he issued to get around congress, that Trump has been reversing? Thank God we’re rid of him.
Are you done changing the subject?
Did the economy fix itself?
Posted on 9/8/18 at 4:43 pm to LSUconvert
quote:
Are you done changing the subject?
If you’re done deflecting you can answer my question. See how that works? Easy for me too.
Your question isn’t yes or no. Mine is, and we both know the answer.
I answered your question with “Obama couldn’t break capitalism”. People will always want to make money, regardless of the hurdles presented to them, and they overcame what Obama threw at them. If he had wanted to get out of the way he could have claimed a much larger recovery, but he wanted to obstruct.
Another factor
This post was edited on 9/8/18 at 4:53 pm
Posted on 9/8/18 at 4:44 pm to Douboy
quote:
So he didn’t have a magic wand? What an idiot.
No but he had a phone and a pencil.
That is all a Community Organizer needs or knows how to use.
With a pencil he could draw a red line on a map.
With a phone he could extort money to last a lifetime.
To hell with the economy. You didn't build it
Posted on 9/8/18 at 4:44 pm to KeyserSoze999
quote:
Do they have any credibility? Asking for a friend
Unemployment rate 2010-2018
Average hourly rate 2008-2018
This post was edited on 9/8/18 at 4:48 pm
Posted on 9/8/18 at 4:48 pm to imjustafatkid
My oldest boy was just telling me how hard his accounting class was in school, he’s a finance major. With Trump there I can know that my kids can find professional jobs, with ObAma, not so much...
Posted on 9/8/18 at 4:51 pm to KeyserSoze999
No one is buying crap in a steak market.
Posted on 9/8/18 at 5:20 pm to TheHarahanian
Get a load of this one, ya'll.
This guy thinks the economy fixed itself.
This guy thinks the economy fixed itself.
Posted on 9/8/18 at 5:22 pm to MStant1
quote:
Pretending like it was a run of the mill recession is intellectually dishonest.
A run of the mill recession?
No!
No one is pretending "it was a run of the mill recession."
The 2008-9 recession was a bad recession.
HOWEVER, pretending, as you are doing, the 2008-9recession should have been a massive disabling event resulting in 8yrs of the slowest post-recession recovery in US history is either intellectually uninformed or intellectually dishonest.
Let's quantify that, shall we?
Since the Great Depression we've had 13 recessions.
The so-called ""Great Recession"" ranks 3rd (THIRD) amongst those 13 in terms of unemployment (10% vs 19% 1938, 10.8% 1982, and around 8% in most cases)
The so-called ""Great Recession"" ranks 3rd (THIRD) amongst those 13 in terms of in GDP decline (-5.1% vs -18.2% 1938 and -12.7% 1946), but 1st in length.
So the ""Great Recession"" was bad, but nowhere near the worst recession we've endured. Care to engage further?
Posted on 9/8/18 at 5:50 pm to TheHarahanian
quote:
I answered your question with “Obama couldn’t break capitalism”. People will always want to make money, regardless of the hurdles presented to them, and they overcame what Obama threw at them. If he had wanted to get out of the way he could have claimed a much larger recovery, but he wanted to obstruct.
Another factor
Robert Barro is an American Enterprise Institute fellow. His view is that Obama was too busy blaming Bush to improve the economy.
Posting his "theories" won't influence anyone other than the uninitiated.
Posted on 9/8/18 at 6:38 pm to NC_Tigah
quote:
Great Recession"" ranks 3rd (THIRD) amongst those 13 in terms of unemployment (10% vs 19% 1938, 10.8% 1982, and around 8% in most cases)Great Recession"" ranks 3rd (THIRD) amongst those 13 in terms of in GDP decline (-5.1% vs -18.2% 1938 and -12.7% 1946),
So the ""Great Recession"" was bad, but nowhere near the worst recession we've endured. Care to engage further?
More than just engage. Your figures are bogus.
The 2009 great recession was easily the 2nd most severe recession in our history.
The GDP decline in 1946 was an anomaly was is not meaningful in comparison. The economy was transitioning from a wartime to peacetime economy, so of course, the GDP naturally declined.
And 1982 recession was mild in comparison to 2009 except for your cheery-picked unemployment number. The GDP in 1982 declined only 1.4%.
Care to engage further.
Posted on 9/8/18 at 6:58 pm to KeyserSoze999
GDP growth in 2016 was 1.5%. Pathetic
Posted on 9/8/18 at 7:15 pm to NC_Tigah
quote:
HOWEVER, pretending, as you are doing, the 2008-9recession should have been a massive disabling event resulting in 8yrs of the slowest post-recession recovery in US history is either intellectually uninformed or intellectually dishonest
Bernanke may beg to differ
“September and October of 2008 was the worst financial crisis in global history, including the Great Depression,” Mr. Bernanke is quoted as saying in the document filed with the court. Of the 13 “most important financial institutions in the United States, 12 were at risk of failure within a period of a week or two”
Cherry picking employment stats to show how on the surface the effects of the crisis and recession weren’t all that great ignores the moves made by the Fed to stop the bleeding and keep the economy on life support (not to mention moves made by Paulson in conjunction with Bernanke).
quote:
So the ""Great Recession"" was bad, but nowhere near the worst recession we've endured. Care to engage further?
This may be true on the surface based in part by what I mentioned above, but ignores how bad things were and how close to the edge the US and Global economy was teetering on the edge.
Also regarding:
quote:
resulting in 8yrs of the slowest post-recession recovery in US history is either intellectually uninformed or intellectually dishonest.
Slowest recovery but with a fairly large asterisk....
The asterisk being that it was fourth longest expansion as of the writing of that article. That expansion has since extended and we are now in the second longest expansion in US history.
Posted on 9/8/18 at 7:20 pm to FooManChoo
Research would help you a lot.
Posted on 9/8/18 at 7:23 pm to KeyserSoze999
trump walked in to a good situation,all he has to do is not screw it up.
Posted on 9/8/18 at 10:27 pm to texridder
quote:
texridder
And you not liking my link isn’t impressive to anybody but you.
If I asked around, Robert Barro would get more recognition than texridder in economics circles.
Posted on 9/9/18 at 6:36 am to texridder
quote:False
More than just engage. Your figures are bogus.
quote:Fine. Debatable, but let's presume you are right; it was the 2nd most severe recession in our history.
The 2009 great recession was easily the 2nd most severe recession in our history.
IT WAS FOLLOWED WITH THE SLOWEST ECONOMIC RECOVERY IN US HISTORY.
GDP growth during the Obama years SUCKED!
Here are some numbers for perspective.
LINK
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