Posted by
Message
L.A.
New Orleans Saints Fan
Los Angeles
Member since Aug 2003
52567 posts
 Online 

Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
quote:

Obama raised taxes, spent nearly $1 trillion on a so-called stimulus plan, increased regulations and signed a new entitlement program known as "ObamaCare." Reagan did the opposite. He decreased taxes and continued deregulation. Differences in results were stark. Obama's recovery, according to the Joint Economic Committee, averaged an inflation-adjusted GDP growth of 2.2 percent over the next 25 quarters.

The average recovery following post-1960 economic slowdowns, which lasted more than 12 months, is 3.9 percent. Under President Ronald Reagan it was 4.8 percent. Obama was the first president ever to preside over an economic recovery in which not a single year of the economy grew at least 3 percent.

Obama's own economic team anticipated much higher growth. In February 2009, the Obama administration published its "Analytical Perspectives: Budget of the U. S. Government: Fiscal Year 2010." It said: "The Administration projects an economic recovery will begin in the second half of the year sparked by the American Recovery and Reinvestment Act. By the end of the year, real growth is expected to have reached 3-1/2 percent at an annual rate, a pace that is maintained through 2010. In 2011-2013, the rate of growth in real GDP is projected to accelerate to around 4-1/2 percent annually for several quarters."

The economy under Obama did not come close to meeting his team's projections. Trump boasts about "historic lows" in unemployment for blacks. But in January 2016, black liberal commentator Tavis Smiley admitted: "Sadly, and it pains me to say this, over the last decade, black folk in the era of Obama have lost ground in every major economic category. Not one, two or three, but every major economic category, black Americans have lost ground."

more here from fox news


EastBankTiger
LSU Fan
A little west of Hoover Dam
Member since Dec 2003
17591 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
Yet, official Department of Labor stats show that that USA's Job Participation Rates hit 40 year lows under Obama...and that Obama's Secretary of Labor when those rates hit their lowest point was...current DNC Chair Tom Perez. LINK

For comparison's sake:

JPRs when Obama took office in Jan 2009: 65.7%

JPRs when Obama left Office and Trump took office in Jan 2017: 62.8%

JPRs for Jan 2020: 63.4%


rsbd
LSU Fan
banks of the Mississippi
Member since Jan 2007
15580 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
See that economy, Obama you didn’t build it


Replies (0)
Replies (0)
240
Bass Tiger
Missouri Fan
Member since Oct 2014
16229 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
I’m embarrassed for them when I hear talking head Dims on the DimMedia spinning this BS, you know they don’t believe it but they have no choice......they must lie and spin. Lol!.
This post was edited on 2/15 at 3:24 pm


Replies (0)
Replies (0)
90
RockyMtnTigerWDE
Auburn Fan
Co-Captain PosiBarners
Member since Oct 2010
81378 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
They can’t get their story right.

People are hurting and there is no growth and now it’s not Trump who made the economy good it was Obama dammit.


Replies (0)
Replies (0)
80
Bass Tiger
Missouri Fan
Member since Oct 2014
16229 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
Obammy had minimal influence on the economy minus regulations, Obammy’s economic policy was staying out of the Fed’s way and keeping his yapper shut.


Replies (0)
Replies (0)
30
NIH
LA-Lafayette Fan
Member since Aug 2008
98131 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
90krugman guy agrees


Replies (0)
Replies (0)
40
TheHarahanian
LSU Fan
Duh
Member since May 2017
11716 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it

If those illegal immigrant cages turn out to be a good thing, I have great news for Obama supporters about those too.


Replies (0)
Replies (0)
10
SeeeeK
Missouri Fan
St.Louis
Member since Sep 2012
19017 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
I still laugh at the videos of Odummy asking how Trump is going to pump the economy up, bring more jobs, and he's such a condescending dickhead, when he's doing it.

And then Trump does what Odummy couldn't do. That video is the epitome of Odummy and his 8 years.


Zahrim
Colorado Fan
McCamey Texas
Member since Mar 2009
6745 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
the ONLY reason the odummy economy had amy growth is because the fed kept intrest rates at 0.


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
Crimson Wraith
Alabama Fan
Member since Jan 2014
15787 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
Quantitative Easing. Multiple rounds of it, just printed the money up.


Replies (0)
Replies (0)
60
gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
52907 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
The trump economy ain’t obama’s new normal.

These idiots think no one has internet


Replies (0)
Replies (0)
10
Godfather1
Houston Astros Fan
SE Louisiana
Member since Oct 2006
62845 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
quote:

JPRs when Obama left Office and Trump took office in Jan 2017: 62.8%


Oh, that was still Bush’s fault. 8 years later.


Replies (0)
Replies (0)
40
Godfather1
Houston Astros Fan
SE Louisiana
Member since Oct 2006
62845 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
quote:

I still laugh at the videos of Odummy asking how Trump is going to pump the economy up, bring more jobs, and he's such a condescending dickhead, when he's doing it.

And then Trump does what Odummy couldn't do. That video is the epitome of Odummy and his 8 years.


Magic wand, indeed.


Replies (0)
Replies (0)
10
wfallstiger
LSU Fan
Wichita Falls, Texas
Member since Jun 2006
7305 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
Obama couldn't make a hot dog


Replies (0)
Replies (0)
30
ShortyRob
LSU Fan
Member since Oct 2008
76014 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
If this is the argument they want to go with I'm fine with it because it's a huge problem for them

First off 4 years ago they swore that Trump would ruin the economy. So even if they don't give him credit for the good economy now that's an albatross across their necks

Second the reality is then if a president maintains a good economy why would you want to change it? Maybe the next sa-hole will frick it up

I'm sorry but vote for me because the good economy the other guy has isn't because of him is not a very good campaign slogan
This post was edited on 2/15 at 6:16 pm


bfniii
LSU Fan
Member since Nov 2005
14040 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
quote:

Obama built it
90npc with fred graphs INCOMING!!


Replies (0)
Replies (0)
10
bfniii
LSU Fan
Member since Nov 2005
14040 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
quote:

First off 4 years ago they swore that Trump would ruin the economy. So even if they don't give him credit for the good economy now that's an albatross across their necks
i've been making a similar point for over a year.

if the obama policies were the catalyst
and since trump's policies are the opposite
the economy should have tanked under trump

instead, the economy is doing really well. the most obvious solution to the dilemma is that obama's numbers aren't what people thought they were.

LOOKING AT YOU 90NPC


Replies (0)
Replies (0)
10
TitleistProV1X
Member since Nov 2015
2395 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
Are you telling me dems have no shame and also no sense of irony? Kinda like when Trump kept getting asked if he would accept the results of the 2016 election if he won the popular vote but not the EC only for the opposite to happen and the dems to complain about it for 4 years?


Replies (0)
Replies (0)
00
pbro62
LSU Fan
Baton Rouge
Member since May 2016
3619 posts

re: Larry Elder: Trump's economy is so good that Dems' new talking point is Obama built it
frick Obama


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram