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re: When a lib says Trump inherited a hot economy.
Posted on 9/10/18 at 10:09 am to NC_Tigah
Posted on 9/10/18 at 10:09 am to NC_Tigah
quote:
Who is doing that? The economy was tepid.
Dude, the third post in this thread says the economy was "dog shite" when Trump was elected and it has tons of upvotes and few downvotes.
That's completely dishonest. Lukewarm maybe, but not dog shite.
1
Posted on 9/10/18 at 10:25 am to cahoots
quote:Right.
That's completely dishonest. Lukewarm maybe, but not dog shite.
On the other hand, it is interesting to read Obama's own assessment as to where the economy was headed based on his policies.
quote:Comparing his results to his predictions . . . . well . . . . . let's just say they don't look good.
The White House recently released the 2013 budget, which is not only filled with all the details regarding spending but also has a fascinating set of economic assumptions for the coming years. The assumptions are based on information available as of mid-November 2011. When referencing economic data, years refer to calendar years, not fiscal years. Let's take a look:
GDP: The budget assumes nominal GDP growth of 4.5% in 2012, 4.7% in 2013, 5.3% in 2014, and 6.0% in 2015 before gradually slowing to what the budget calls "trend values" around 4.3%. Real GDP is forecast to be 2.7% in 2012, 3.0% in 2013, 3.6% in 2014, and 4.1% in 2015 before gradually slowing to "trend values" around 2.5%.
The budget also has this to say regarding long-term growth:
In the 21st century, real GDP growth in the United States is likely to be permanently slower than it was in earlier eras because of a slowdown in labor force growth initially due to the retirement of the post-World War II "baby boom" generation, and later by a decline in the growth of the working-age population.
LINK
Posted on 9/10/18 at 10:37 am to NC_Tigah
quote:
On the other hand, it is interesting to read Obama's own assessment as to where the economy was headed based on his policies.
There's policy and then there's the natural boom/bust business cycle. You could implement the most pro-growth strategy possible and you will still eventually run into a recession. It's only a matter of time. I agree that Trump's policies are, in a general sense, more growth-oriented. But it's very challenging to really measure the degree of effectiveness against so many other variables. Right now, we haven't even see a year of growth that exceeded something under Obama.
Posted on 9/10/18 at 10:53 am to MStant1
quote:talking point?
talking point
what the frick is this? you mean the deregulating? the enabling of companies to bring business back? fighting for equal trade? fighting for manufacturing jobs? good grief what is this world coming to?
Posted on 9/10/18 at 10:55 am to MStant1
quote:what is this gibberish nonsense? the article explains precisely how the obama touted numbers were misleading because of the people who had left the workforce. that calculation, u6, is objectively better under trump.
Unemployment is calculated exactly the same now as it was under Obama. So why do Trump fans praise The unemployment rate now, but still make excuses for the rate then? You can’t cal into question the validity of the calculation under Obama, and then praise Trump while using the same calculation.
Posted on 9/10/18 at 10:56 am to More&Les
quote:this is the point being made today. follow this timeline
According to Barack Obama himself, we were living under the new normal, those jobs weren't coming back, the coal industry was dead and there was no magic wand
obama says crappy economy is now normal, jobs aren't coming back, no magic wand
now, he's out taking credit for the turnaround that he said wouldn't happen
and i still don't have an answer to the question i asked
Posted on 9/10/18 at 11:15 am to MStant1
quote:it most certainly is. well, to reasonable people at least.
That’s not even remotely specific
quote:you say this derisively but i still haven't gotten answer to the question i asked.
Trump waved a magic wand.
Posted on 9/10/18 at 11:18 am to Crimson Wraith
quote:of course libs won't acknowledge this but
Jug Ears economy would have been much worse had the FED not helped him with several rounds of "quantitative easing" that propped up the stock market.
the fed did everything they could to generate growth. even inadvisable things like printing money.
now, the fed is working to slow down growth.
so, the fed didn't like obama's policies but does like trump's policies.
Posted on 9/10/18 at 11:19 am to Little Trump
quote:yet another good point. check out the stock market and consumer confidence surveys before and after trump's election.
The economy was finally starting to bubble upwards in the last year of Obama ONLY in anticipation of the Socialist finally being gone and hopes that foot of government would be taken off the throats of business owners with deregulation
Posted on 9/10/18 at 11:20 am to CamdenTiger
You’re re- inventing history to suit your bias
Posted on 9/10/18 at 11:23 am to Geauxst Writer
quote:pretty much all of the evidence proves this is false.
Trump inherited a good economy
quote:as usual, not a fair comparison. look at obama's first year compared to trump's first year.
More jobs were created in Inama’s last year of 2016 than Trump created in his first year of 2017
quote:same old u3 vs u6 argument that's been destroyed a million times over.
Fact, and unemployment was in the low 4’s
quote:no it is not. it is pretty obvious
it is wrong to claim that Trump inherited a hot mess of an economy.
quote:my word. he did everything he could to sabotage the economy. just read this thread. it's been covered ad nauseum
Obama inherited a near depression and worked us out of it
quote:and you aren't paying attention to reality
the narrative that you are promoting is just not true
Posted on 9/10/18 at 11:26 am to MStant1
quote:in debate, this is called whistling past the graveyard. just look around. trump's policies are kicking butt as i outlined in my response to you
none of this has occurred
quote:
I’d also need to go back to see what Obama actually said and in what context as it has become so politicized at this point.
Posted on 9/10/18 at 11:29 am to cahoots
quote:so they don't really have anything to do with each other. like the community reinvestment act. it didn't start the recession.
There's policy and then there's the natural boom/bust business cycle
you people just aren't even reasonable
quote:link?
You could implement the most pro-growth strategy possible and you will still eventually run into a recession.
quote:maybe for mentally challenged people. for normal people, it's pretty obvious
But it's very challenging to really measure the degree of effectiveness against so many other variables.
quote:first, it has already been pointed out that trump was initially saddled with obama's policies yet, still created growth that obama didn't with the same policies. second, trump's numbers are really starting to make obama's look pedestrian, at least to any impartial person
Right now, we haven't even see a year of growth that exceeded something under Obama.
Posted on 9/10/18 at 11:35 am to MStant1
quote:
And those graphs and charts would show that Trump did indeed inherent an economy in decent shape. As evidenced by the past two years it obviously still had more room to grow and may continue to grow. However to pretend like Trump inherited an economic wasteland and has created miracles in the market is objectively false. Reality is Trump has overseen the continuation of steady economic and job growth that was already occurring during Obama’s second term.
This is a fairly accurate statement. Also, I think the economy will continue to improve for the next few months, but look for a downturn later in 2019.
Posted on 9/10/18 at 12:36 pm to bfniii
quote:
what is this gibberish nonsense? the article explains precisely how the obama touted numbers were misleading because of the people who had left the workforce. that calculation, u6, is objectively better under trump.
U6 is decreasing at a similar rate now as it was under Obama (as is U5). I don’t know what you’re thinking you’re proving. Is it objectively better now? Yes, but it ignores the downward trend that was already occurring.
Why is Trump ignoring U5 and U6 now and only touting U3? Why are the official numbers (U3) good now and worthy of attention, but were somehow misleading under Obama? What’s good for the goose is good for the gander.
Posted on 9/10/18 at 12:43 pm to bfniii
quote:
talking point? what the frick is this? you mean the deregulating? the enabling of companies to bring business back? fighting for equal trade? fighting for manufacturing jobs? good grief what is this world coming to?
This is merely a wish list and not specific to any plans or policy.
NC already answered this question for you and did a much better job.
quote:
in debate, this is called whistling past the graveyard. just look around. trump's policies are kicking butt as i outlined in my response to you
I merely stated that the policies NC referenced had not been implemented. I asked what specifically has Trump done to improve the economy, and the response was a list of policy plans. NC had the best response in terms of “anticipation” of change (although I wasn’t fully convinced).
This post was edited on 9/10/18 at 12:46 pm
Posted on 9/10/18 at 12:44 pm to KeyserSoze999
quote:
lib
quote:
credibility
Does not compute.
Posted on 9/10/18 at 2:24 pm to MStant1
quote:not exactly. obama touted numbers that didn't include the labor participation rate - iow, people leaving the workforce altogether, which propped up his unemployment numbers.
U6 is decreasing at a similar rate now as it was under Obama (as is U5)
now, we're seeing unemployment REALLY decrease because the lpr is also going up - i.e. those people are returning to the workforce. couple that with the availability of jobs and you have an economy that is humming.
and i still haven't gotten an answer to the question i asked.
quote:link?
Why is Trump ignoring U5 and U6 now and only touting U3?
probably because it's now more of a true measure than it was under obama, as i just pointed out.
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