Economists Credit Trump as Tailwind for U.S. Growth, Hiring and Stocks https://www.wsj.com/articles/econom...d-for-u-s-growth-hiring-and-stocks-1515682893 Economists are saying what we on the right have been saying all along, and the left has been denying with autistic shrieks and wild claims devoid of evidence. But, here's the big morning dump in their obama cereal bowls: "More broadly, most forecasters surveyed by the Journal suggested Mr. Trump’s election deserves at least some credit for the economy’s recent strength." Again, this is something we've been saying all along, and fake lefty economists have denied.
http://drudgereport.com/ the link is on the right column, if you're actually interested and not trolling. i guess drudge links remove paywalls. neat.
“We have to be cautious about giving Trump too much credit for the economy’s strength,” said Bernard Baumohl of the Economic Outlook Group. “Job creation and business capital spending were on the rise prior to his presidency. The jury is still out how much more his actions moved the economy forward.”
now i'm reading the comments. this one is great: Obama had the stimulus that was a complete and utter failure; as well as, 7 years of declining or flat interest rates with the Fed. Most people that vote democrat are too ignorant and stupid to understand free money from the Fed is the only reason Obama didn't cause a huge recession. Free money from the banks was the only driving stimulus that was carrying the economy until the abject failure Obama packed and moved out of our White House.
We were already IN a recession. Trump hasn't done much to stimulate the economy, but he has proven that billionaires like the Waltons are even more ****ing greedy "masters" then we first assumed.
Here's another: A year ago, President Barack Obama got mixed grades as he prepared to leave office after eight years. Most economists surveyed by the Journal in January 2017 saw his policies as positive for financial stability, positive or neutral for job creation, negative or neutral for GDP growth and negative for long-term potential growth.
so the economy is rocking and rolling, but trump hasnt done anything to make it so? so he's like god, if you do it right, people don't think you're doing anything at all.
I read the article and it confirms many economists believe the economy is moving forward and is reasonably strong. They also point out Trump is part of the success, he is not the only reason for a decent economy as many on this site claim. So I agree, Trump deserves "some credit". At least he hasn't wrecked it, LOL....yet. I will admit I'm a bit worried about the tax cuts blowing a hole in the deficit / debt. There is no guarantee future economic growth will be strong enough for future additional government revenues to cover the cost (revenue loss) of the tax cuts.
Yes, Walmart is closing what? 63 Sams Clubs? Each club employs a good number of people. Carrier is letting people go. I will have to do research on how new car sales are doing. Those would be an indicator of economic confidence. But yeah, its not like anyone's received the pink slip in Trump's America lol
An unpaid-for tax cut, i.e. stimulus, stimulates the economy. Who would have thought. it is interesting, though, that the GOP traitors in congress wanted austerity when Obama was in office.
please, i beg you, continue to use the phrase "unpaid-for tax cut" use it as much as you can leading up to the midterms, and use it as much as you can in 2020. thx.
According to Trump it was 40+% only last year. So, which number is correct? I remember when Obama was in office, our conservative friends hated official unemployment numbers and pointed to the LFPR. Now, they LOVE official unemployment numbers.
i remember when obama was in office, and no president had ever been re-elected with 8% unemployment, and right before the election, california "forgot" to report their numbers and unemployment dipped to 7.8%. the left rejoiced because now obama could be re-elected. when we do some shady ass crap like that, you'll have a point.
The labor participation rate is still very low. It's the lowest that it has been in forty years. And low is bad, btw. I don't blame Trump or Obama. I blame the recession that swept across our nation and the world.
So, you conceded that the 40+% number that trump used during the campaign to excite the base was totally made up? What about LFPR? An important number or not? You see, the conservatives want to use the number that favors their viewpoint. Under a GOP admin, they use the official unemployment number, under a a Dem president they use the LFPR. It is a very cute game, but unfortunately also extremely hypocritical.
ruling priests of the high temple of capital tell everyone that sacrifice to capital is booming and good Economics is the study of a construct with rules that result from phenomena that can be manipulated, not a science. You can make anything economically feasible through enough creative abuse of semiotics. I don't place much stock in the words of economics because they just rationalize in whatever way keeps the status quo going, much like the catholic theologians of the dark age.
ehh it's unknown. this guy from fortune magazine says he was right about that: http://fortune.com/2015/09/14/donald-trump-unemployment-rate-jobs/ under a dem president they misreport the numbers in order to help the dem president, as per my example you ignored.
i don't place much stock in the words of pseudo intellectuals who think they are interesting and charismatic but are indeed boring and predictable.
What about the same growth that was happening under 0bama? Was that somehow Trump's doing as well? As for stocks, well, good for the stockholders. I'm always thrilled when people receive money that should have gone to the people who actually perform the labor and produce the things that the stock is supposedly based on. What a great system, one that rewards gamblers and the sort of people who consider the debt of others to be an asset to be traded and profited from.
