re: When a lib says Trump inherited a hot economy.

He was talking about Coal jobs... in which he was right...

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The fricking idiots were talking about "new normal" which = mediocre shite when obama was president. I swear, they think we don't have the internet or something....

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My goodness....you are the biggest idiot on this board....

Liberals follow the Obama doctrine

"you didn't build that"

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how many of them even allege a systematic pattern of revisions in the agencies?

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Statistics are what they are.
I'm sure there are reasons for what IIRC were fairly consistent initial overestimates f/u'd by subsequent downward revisions though.

MSM reporting patterns also modulated and amplified those reports. I don't think a single MSM news source ever reported downward revisions, even after they lauded Obama as he touted what were (again IIRC) consistently over stated initial performance stats. The obamanomics PR triad, (1) initial over-estimated growth and economic performance, (2) a fawning press, (3) Obama's self-congratulatory flaunting of ghost numbers negatively influence perceptions of those of us who were already dubious about the man.

No question.

OTOH, to claim, as many do, that obamanomics was anything but eight years of tepid, anemic, growth propped up by the Fed, is a fool's errand.

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bmy's claim that was explicitly about real wages

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There is an ridiculous tendency, often by those Obama followers who are not particularly economically savvy, to start Obama's comparative numbers at the 3/09 market nadir. Of course beginning any comparison at peak or nadir will spark differentials. However, doing so assumes all subsequent economic performance and thus the differential results directly from those currently in charge. In Obama's case, such assumptions must include the premise that 3/2009 was a steady-state, and would have continued had it not been for Obama.

You and I both know that is absolute crap.

You and I both know Obama simply allowed W's economic measures to continue unabated. In fact he did little else any serious economist would claim added to the recovery. The stimulus was a huge boondoggle. He did bailout GM. But in reality Obama piggybacked on TARP, the Bush Tax Cuts and ran his mouth.

Considering that the stock market is at 0% growth for the entire year of 2018, I’d be careful about bragging too much about the current situation.

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for what IIRC were fairly consistent initial overestimates

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maybe what you are recalling is someone's narrative.

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MSM reporting patterns also modulated and amplified those reports.

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wholly irrelevant to bfniii's theory about the actual statistical agencies. presidential administrations have always touted numbers when favorable and downplayed when not. as do the cheerleaders for respective sides on this board.

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In Obama's case, such assumptions must include the premise that 3/2009 was a steady-state, and would have continued had it not been for Obama.

You and I both know that is absolute crap.

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you ain't wrong. now, when trumpkins make the same implication about late 2015/16, even though we were suffering from a huge dip in oil/gas investment + an international slowdown + the beginning of rate hikes, & the resulting subsequent domestic growth slowdown, and no one makes this point when we compare the last several quarters under obama to the first ones of trump. but those 2015/16 quarters aren't the steady state or long-run eq either.

i'll also note that i haven't heard a peep about the expectations for q4's growth here, especially considering the endless "mission accomplisheds" over q2 and q3

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In fact he did little else any serious economist would claim added to the recovery. The stimulus was a huge boondoggle

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more than 1/3 of it was tax cuts, although i think it's clear that tarp was way more important. but government spending by definition increases gdp, and it was deficit-financed, so you can't really say "it didn't add to the recovery." would you please stop it with trying to sound authoritative about what a "serious economist" would say?

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The economy was on an upswing from mid 2010 through 2016

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we hit rock bottom of course there was an "upswing"

do they have any credibility????

keyser: Do you read????? how hot is economy today????