Why this is Trump’s economy?

I'm not certain if there has ever been a more readily apparent and distinctive contrast from one president to another than between obama and Trump.

I thought we all came to an agreement that it became definitively "Trump's economy" after year 1

Liberals are begging for a recession just to make Trump look bad. That's how I know this is Trump's economy, and it's doing great.

Quantitative Easing stopped near the end of 2012.

Can anyone on this forum name an Obama economic policy that was implemented after 2012?

Can anyone name a single thing, besides bailing out 900 companies and banks, that Obama did that helped our economy?

Can anyone explain what it means when the stock market is 17,400 in Nov. 2014, and then 17,900 on Nov. 7, 2016? What would you call this?

Can anyone name a single policy Obama implemented that would have caused our economy and stock market to begin shooting up after Nov. 8th, 2016?

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That difference in sentiment is why this will go down as the Trump economy, not a continuation of the Obama economy.

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You want metrics for that sentiment? Here you go:



Notice the jump in small business sentiment the day Trump was elected.

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Washington, D.C. (August 14, 2018)—The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108.

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LINK

I can promise you this:

IF the economy remained at Obama levels, the media would be complaining and tagging it to Trump, despite the fact that for years they tried to tell us Obamanomics and the failures were the "new normal".

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Day 1 of Trump being in office: the economy is weak; I’m going to make it stronger Day 1 of Obama presidency: my advisors just explained to me what an “economy” is. My conclusion is that ours is weak, it’s Bush’s fault and we’re in a new normal so don’t expect me to do anything about it.

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Historical revisionism at its finest, folks.

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Obama still had 0% interest rates nearly his entire term.

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Can’t imagine seeing this type of propping up ever again, and still never got decent growth (over 3 percent). That’s definitely inept leadership over 8 years...And the almost overnight correction with just a change in leadership was transparent. What’s so crazy is the Fed probably won’t prop up this Administration/economy, and probably won’t be needed..

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It's almost certain inflation will pickup over the next year or so and the Fed will have to keep raising rates to keep it in check.

Eventually this will cause a recession, and I just hope this doesn't happen before a midterm or presidential election.

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Not necessarily.

Go research Quantitative Tightening.

The Fed has been letting 10-year QE bonds mature without renewing, as well as MBS's.

Nearly $30 billion is falling off the Fed balance sheet every month at this moment, and that number is going up.

We've gone from owing the Fed around $4.5 trillion to now owing around $4.2 in just 11 months of QT.

This is helping keep the interest rate hikes slow and steady.

This is also another reason why inflation-adjusted GDP growth of 4.1% is so outstanding.

Inflation only went up 14.3% over Obama's 8 years. Just imagine how much worse his inflation-adjusted GDP growth would have been if they hadn't forcibly held inflation down while they doubled the M2 money supply with $4.5T of QE and another $900B of "stimulus".