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re: Trump vs Obama on the economy
Posted on 9/7/20 at 12:52 pm to oklahogjr
Posted on 9/7/20 at 12:52 pm to oklahogjr
From 2004—2016 inflation outpaced wages across the board. Despite this, the media constantly said that the economy improved under Obama. It did in the sense that the market recovered from the 2008 collapse, but neither wages, or employment increased relative to the increase in the cost of goods. From 2016 —2020, wages, employment, and increased greater than the cost of goods. This is the true sign of a growing and robust economy.
1
Posted on 9/7/20 at 4:37 pm to michael corleone
quote:obama was printing money hand over fist and artificially keeping inflation/interest rates low. trump hasn't had those benefits and the economy is still seeing better numbers across the board than obama. even the last bastion of criticism against trump, real wage growth, has eroded. not only are wages up but household income is up and the housing market is doing well.
neither wages, or employment increased relative to the increase in the cost of goods. From 2016 —2020, wages, employment, and increased greater than the cost of goods. This is the true sign of a growing and robust economy
as if all that weren't enough, the economy is pacing itself which helps to eliminate the risk of a bubble.
there is no comparison between the two
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