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re: Trump's 1st economic report card: Slowest growth in 3 years
Posted on 4/28/17 at 9:35 am to a want
Posted on 4/28/17 at 9:35 am to a want
quote:
The US economy started 2017 at a sluggish pace.
Obama left him a mess. Trump wasn't even sworn in until 1/3 of the way through this quarter. I think you will see some improvement by year end.
0
Posted on 4/28/17 at 9:36 am to a want
quote:
Trump's 1st economic report card: Slowest growth in 3 years
As an economics professor for the last 18 years, I'm ashamed of what you've written.
This is how it works chief. The lag is around 6 months for economic data. Meaning that what he does today won't show up for another 6 months at a minimum. Markets react quickly and they appear to have been very favorable to a Trump presidency. You are pinning this 3 month data on a President that had no impact on this number at all. The ENTIRE Obama presidency was the slowest economic growth in the history of presidents. ALL of them. No other President has ever performed that poorly. Ever.
Posted on 4/28/17 at 9:40 am to the LSUSaint
In other words, everything good is due to Trump and everything bad is due to Obama.
Keep shilling.
Keep shilling.
Posted on 4/28/17 at 9:46 am to Tigerdev
quote:No.
In other words, everything good is due to Trump and everything bad is due to Obama.
But facts are facts.
I'll ask you the same questions awant ducked:
Do you understand why the markets went up?
Do you understand that fact is disparate from the OP?
Posted on 4/28/17 at 9:48 am to Tigerdev
quote:
In other words, everything good is due to Trump and everything bad is due to Obama. Keep shilling.
Well if we're going to shill, let's blame W!
Posted on 4/28/17 at 9:50 am to NC_Tigah
So just to be clear, when the markets went up under Obama you attribute that directly to him, right?
Let's get it all on the table because I see a lot of bullshite in these threads
Let's get it all on the table because I see a lot of bullshite in these threads
Posted on 4/28/17 at 10:03 am to Tigerdev
quote:
So just to be clear, when the markets went up under Obama you attribute that directly to him, right?
Let's get it all on the table because I see a lot of bull shite in these threads
So let's be clear, Obama gets credit for keeping his yapper shut. When Bernanke and the banker boys told Obammy here's the plan to save our "too big to fail" buddies he did was he was told.
Posted on 4/28/17 at 10:04 am to Tigerdev
quote:
You guys have taken credit for jobs numbers in the first 100 days. Stupid isn't it?
Job numbers, yes. Economic numbers, no.
Two completely different metrics. You're either stupid, a hack, or both.
Posted on 4/28/17 at 10:08 am to Tigerdev
quote:Not really.
So just to be clear, when the markets went up under Obama you attribute that directly to him, right?
Let's discuss it. Initial incline under obama was a well anticipated market rebound. Every analyst out there was predicting a substantial rebound after markets found their bottom. It was expected, regardless what policies came out of the WH.
In fact obama worsened the initial decline by putting Timmy Geithner on TV to layout a grand economic plan, when in the meantime Geithner had nothing to present. Markets which had stabilized, plummeted precipitously to their bottom over the next few days.
Obama continued to talk up taxes without passing them for the next 4yrs. The threat limited performance without generating tax revenue. It was the worst of both worlds. Additionally he attacked economic drivers with regulations and anticorporate rhetoric. That combination slowed our postrecession economic growth to record lows.
Contrast that with Trump who promised to promote tax changes that would directly impact corporate earnings (Hint: earnings are the "E" in P:E and P:E:G ratios. Those ratios influence stock prices). Do you now understand where a NONPARTISAN ANALYSIS would credit Trump for the postelection market rally?
This post was edited on 4/29/17 at 8:03 am
Posted on 4/28/17 at 10:27 am to DawgsLife
quote:
Obama is the only President in the history of our country to never reach 3% growth in GDP. Think about that for a minute while you scoff at Trumps economic report card.
He came in during "the great recession" after Republicans drove the economy into a ditch by forcing democrats to be in charge 15 years earlier and make banks to give loans to low income people with no credit or bad credit.
When you start from a low point and the only way to go is up, it's very difficult to grow at the minimum rate that everyone else has achieved.
Posted on 4/28/17 at 10:32 am to Navytiger74
quote:
And factory openings, job repatriations, and production decisions that private companies and individuals had in the works for months if not years.
don't forget consumer confidence either
Posted on 4/28/17 at 10:35 am to olgoi khorkhoi
quote:
He came in during "the great recession" after Republicans drove the economy into a ditch by forcing democrats to be in charge 15 years earlier and make banks to give loans to low income people with no credit or bad credit.
Many on this board think Obama created the recession. They fail to realize that Bush met with both candidates prior to election to talk about the gravity of the situation and whats being done and the challenges ahead.
Posted on 4/28/17 at 10:36 am to SoulGlo
quote:
Job numbers, yes. Economic numbers, no.
Two completely different metrics.
They are both directly tied to how we estimate whether we're in recession/expansion and the degree to which we are in either. Output growth gap or employment gap, tied proportionally via okun's law
This post was edited on 4/28/17 at 10:37 am
Posted on 4/28/17 at 10:43 am to the LSUSaint
quote:
I bet no liberals will put a bet on the second qtr being that low.
Not a chance in hell. I would be willing to make a ban bet with Tangerine, A want, jnorris etc.
Posted on 4/28/17 at 10:44 am to olgoi khorkhoi
quote:
He came in during "the great recession" after Republicans drove the economy into a ditch by forcing democrats to be in charge 15 years earlier and make banks to give loans to low income people with no credit or bad credit.
You do know it was the Dems who forced banks to give low income people loans that they could not afford, right? The aim was that every American would have a house.
quote:
When you start from a low point and the only way to go is up, it's very difficult to grow at the minimum rate that everyone else has achieved.
Eight years. He had eight long years to do that. He didn't.
Yet, here you are in a thread criticizing Trump in his first 100 days. Do you see the irony?
Posted on 4/28/17 at 10:46 am to Mudminnow
quote:
Many on this board think Obama created the recession.
I'm sure many do. Obama didn't create it....he just kept us there.
Posted on 4/28/17 at 10:47 am to bmy
quote:
Cutting back regs on coal resulted in
no significant changes. Regulations have very little effect on an economy.
Because all changes would have to be immediate?
Posted on 4/28/17 at 10:48 am to Mudminnow
quote:brilliant
Many on this board think Obama created the recession.
Posted on 4/28/17 at 10:57 am to DawgsLife
quote:
Because all changes would have to be immediate?
And the point of waiting would be what? Guaranteed 4-8 years of less regulation.. and coal plants are still planning to shut their doors
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