Trump on Pace to Do What Obama Couldn’t

Obvious you were not an mature adult during the late 1970's.

 

Still pushing a pretend world I see

 

Panic of 1873 and the Great Depression of 1893 were before the creation of Glass-Steagall.

sawyer, your twisting of American history and your hatred of the federal bank is simply silly.

 

Feel better? I'd rather see you go postal in here than in real life.

 

Your dodging the point that Obama is not unique in having a bad economy to deal with. He is however unique in how badly he dealt with it.

 

JakeStarkey said: Panic of 1873 and the Great Depression of 1893 were before the creation of Glass-Steagall.

sawyer, your twisting of American history and your hatred of the federal bank is simply silly.

No point to dodge is the point. Obama did well given the mess he had to handle. The only measure is before Glass-Steagall, during Glass-Steagall, and after Glass-Stegall. sawyer is doing terribly poorly (yes, an adverb modifies adverbs) here.

 

Since I avoid mind alternating drugs, revisionist history and fake news, my brain housing group is well functioning and I'm not inflicted with short term memory lost and knew exactly what to come up with to back up your post Sawyer.

Excerpt:

 

I was going to ignore you, but since you seem to do exactly the opposite of what you ask others to do in the bottom of your posts, I am going to push you and see just how ignorant you are about macroeconomics.

Are you saying the Household Survey is not an important source of data? Yes or no?

 

It's one ingredient in a very big picture and cherry picking it is refusing to see the overall good report.

 

The economy is improving but Trump has done nothing to cause it.

He is still spinning his wheels.

And in the meantime Harvey and Irma have intervened giving him a much needed breather.

He had to collude with Pelosi and Schumer to get hurricane relief.

So things in the GOP are just as fokked up as usual with no change.

 

The GOP has accomplished almost nothing of significance other than Gorsuch, VA, and Harvey Relief.

Now that Trump has discovered that, yes, indeed, yea verily, that he can dally with the Dems, he can force Ryan and Mitch to meet his desires more often.

 

The mood of the country changed with Trump's election as they saw light at the end of the tunnel. The stagnant stock market dipped as it looked like Hillary would win and the instant Trump won it rebounded and has been going up ever since. Trump's undoing Obama executive orders that ham strung the economy are further boosting the mood of business and stimulating economic growth.

 

I did not ask that.

And you did not answer my question.

Are you saying the Household Survey is not an IMPORTANT source of data?
Yes or no?

(and remember, the Household Survey is the ONLY source for the U-3. So if you say it is not important, then you are saying the the official unemployment rate - and all the U-rates - is/are not important).

 

The mood of the country caused skyrocketing economic growth.

Yah right.

 

It is noteworthy that because the GOP is obviously so hamstrung, Trump had to turn to Pelosi and Schumer to get Harvey relief.

So that certainly should NOT go onto the GOP list.

Trump list sure. GOP list not.

 

And where is your link to unbiased, factual proof of your matter-of-fact statement?

I am no Obama fan (as POTUS). But the last two 1/4's of GDP growth under Obama averaged at 2.3%. The first 2 1/4's under Trump have averaged only 2.1%. That is the number one stat economists use to determine economic growth...and it shows the economy performed worse under Trump's first 2 1/4's then Obama's last two.

https://tradingeconomics.com/united-states/gdp-growth

Plus, you quoted the unemployment rate earlier. Well it has not budged under Trump since April. And last month it went up. That certainly does not indicate growth 'stimulation'.

https://data.bls.gov/timeseries/LNS14000000

The Employment to Population Ratio - which is a FAR better gauge of the employment situation then the unemployment rate. And that is the exact same as it was in March...and went down last month (down is bad).
From March to August (the same period of 2016) under Obama last year, the ratio went up (up is good).
Again, no sign there of a 'stimulation' in the economy.

https://data.bls.gov/timeseries/LNS12300000

There are 232,0000 LESS Americans employed full time now then in April. That is bad.

https://www.bls.gov/news.release/empsit.t09.htm


And these are not - as you call it - cherry picking. These are major economic stats that Wall Street corporations use. And ALL of them are either stagnant or negative.

The economy was stagnating under Obama. But it is stagnating even more so under Trump - especially since about March when people started to realize what an incompetent, flip flopping, whack job he really is.

 

Instead of hating Black Folk why don't you actually support what you say with some proof

 

The idea that Trump has stimulated economic growth is not born in the facts

 

Are you saying the household survey is the only and or single most important economic indicator and all the rest are to be ignored? Yes or no?

 

Remember when Democrats accused Bush of talking down the economy when he was running for president

WASHINGTON: The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.

Hitting the White House growth target for the first time in Donald Trump’s presidency, gross domestic product (GDP) increased 3% in the April-June period, the Commerce Department reported.

The figure was revised up by an unusually-large four tenths from the growth estimate published last month, due to higher consumer spending and business investment than in the initial report.

The rate surpassed analyst expectations, which called for an increase of 2.7%.
Read more at http://www.thestar.com.my/business/...-quarter---commerce-dept/#tSLIaO1MxCpWjp3p.99

 

Obviously you have no idea that these things are measured, and the 70's recession was NOWHERE near as bad as the one Obama inherited.

 

Remember, Obama inherited the recession that Obama helped to create.
















Dated 1979. A gas station attendant holds a gas pump and greets a returning customer with a "Glad to see'ya back!" while cars pull up to get gas in a continuous line. This cartoon referes to the gas shortage and the long gas lines during the 1970s energy crisis. From the Clifford Baldowski Editorial Cartoon Collection. Created for the Atlanta Journal-Constitution and licensed to the Richard B. Russell Library for Political Research and Studies by the Atlanta Journal-Constitution.

 

lol, conservatives say some silly things sometimes.

 

Sen. Obama helped create the mess President Obama 'inherited'


All too often, I hear that President Barack Obama inherited this economic mess that we're in right now. Let's get the story straight for a change. He helped create this mess. In 2005, President Bush tried to push legislation through Congress to place regulations on Fannie Mae and Freddie Mac. Mr. Bush knew that these organizations' policies involving the lending of mortgage money to those that couldn't afford it were going to cripple the economy if not regulated. It was the efforts of Democratic Sen. Christopher Dodd and Democratic Rep. Barney Frank, accompanied by Sen. Barack Obama, that were successful in blocking these regulations by threatening to filibuster. Senator Obama was a major recipient of campaign funds from Fannie and Freddie. If you don't believe me, look it up.

I'll tell you something else that looks suspicious to me. A few months before the 2008 election, interest rates began to rise for adjustable rate mortgages (ARMs), causing their mortgage payments to double. This sent many into default, and Mr. Bush and the Republicans received the blame. I'm not saying that the Republicans are innocent victims of a conspiracy, but what I'm saying is that President Obama needs to share the blame for his involvement in this mess.

http://www.baltimoresun.com/news/op...s-ed-obama-economy-letter-20120618-story.html

 

lol, you found another conservative who said the same silly thing.