Economists in Agreement on Trump, not Obama, Getting the Credit for Recent Economic Gains

Economists in Agreement on Trump, not Obama, Getting the Credit for Recent Economic Gains​

By Robert Carbery
22 Jan 18

Democrats declare that Obama is responsible for the current economic growth we are witnessing. Republicans counter that President Trump’s pro-business actions over the last year are to credit for the current economic climate.
We hear the arguments from both sides of the aisle as to why their man and their party was to credit for the continued prolonged economic expansion including steady job growth and record high stock market prices.
Fortunately for President Trump, the professionals agree with his argument that he is most responsible for the recent economic gains. According to a Wall Street Journal poll asking 68 business, financial, and academic economists who was responsible [http://thehill.com/opinion/finance/368904-economists-agree-trump-not-obama-gets-credit-for-economy] for the strengthening of the economy, most “suggested Mr. Trump’s election deserves at least some credit” for the upturn. A solid majority agree that Trump is “somewhat” or “strongly” a positive force for job creation, GDP growth, and the rising stock market.
~snip~
Americans are feeling much better about their futures today than they did at anytime during the Obama administration. With continued economic success throughout 2018, it will be hard for Democrats to make any dent in the Republican wall in Congress in November. We shall see who wins the narrative war.

Source: http://investmentwatchblog.com/econ...getting-the-credit-for-recent-economic-gains/

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“Especially since the word was that the market would bottom out if Trump was elected.”
This was straight Progressive Socialist Democrat fear mongering. It wasn’t based on anything besides “If we say this it might cost Trump votes”.

​

 

Wait. When did the national debt start dropping? How the heck did I miss something like that? And that 4 cent dollar, it's rising back up to a store of value, too? Get the heck outta here. I don't believe it.

 

Tell us what you are talking about first. Debt wasn't mentioned above.

Steve

 

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The clock has never stopped, but it has slowed. Under the Obama administration, the debt grew by more than a Trillion per year, since January 2017 the Debt clock has slowed under Trump and the economy has surged.

 

Well, why not?

 

I think both sides can be right. The economy's performance has been strong under President Trump and he deserves credit for that, but the underpinnings of that economy were built in the Obama administration and he deserves credit for that.

 

WRONG. Expectations of the future, and less uncertainty is why the economy is now rising above sluggish levels of the entire Obama admin term in office.

Steve

 

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Where and just on what underpinnings are you referring to? Was it Solyndra, the shovel ready jobs, cash for clunkers, or the sell out of private GM investors to the unions? Please explain your statement.

 

Hmmm. Supposedly "most" of the people polled by the Murdoch controlled conservative source said this, but if you go to the source:

"PAGE UNAVAILABLE


The document you requested either no longer exists or is not currently available.


You may use the "Back" button in your browser to return to the previous page or click Home to return to the WSJ.com home page."

 

IMF: U.S. a Laggard as Global Growth Accelerates

https://www.usnews.com/news/best-co...imf-us-a-laggard-as-global-growth-accelerates

The US is participating in a global economic story, aided in terms of the stock market, by Drumpf's budget busting tax cut.

 

Actual source article from the Murdoch Street Journal here: https://www.wsj.com/articles/econom...d-for-u-s-growth-hiring-and-stocks-1515682893

More broadly, most forecasters surveyed by the Journal suggested Mr. Trump’s election deserves at least some credit for the economy’s recent strength.

Asked to rate Mr. Trump’s policies and actions to date, a majority of economists said he had been somewhat or strongly positive for job creation, gross domestic product growth and the stock market. Most also said he had been either neutral or positive for the country’s long-term growth trajectory, while his influence on financial stability was seen as largely neutral.

Still, it is early yet to evaluate Mr. Trump’s performance. He inherited an economy that had already experienced years of falling unemployment and durable if slow growth.

“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.”

...

Still, economists aren’t confident the boost will prove long-lived. They on average expected GDP growth would ease to 2.2% in 2019 and 2% in 2020, and identified 2.1% as its long-run average. Half of economists said the tax legislation will boost the economy’s long-run trend at least modestly, while the other half said it would have no effect or leave growth somewhat below its current trajectory."

The OP title falsely claims that economists are "in agreement". As the actual source article proves, far from it.

 

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Funny, TheHill.com article works for me. Unless you have paid for a subscription to WSJ you can't get in. Try and get your ire together.

"Even The New York Times has described a “wave of optimism” [https://www.nytimes.com/2018/01/01/us/politics/trump-businesses-regulation-economic-growth.html] sweeping the nation, especially our business community, that is “beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly.” This is the truth. And this is only the beginning.

 

Hill.com is not the source of the data. Hill.com cites to WSJ, quoted above.

Your OP was "hearsay on hearsay" so to speak, and falsely mischaracterized the original source.

As your RW propaganda sources you constantly barf up here are wont to do.

 

1. The rise of the stock market
2. The lowering of unemployment
3. extension of the Bush tax cuts
4. while the debt increased under Obama the deficit went down

 

Wasn't it Obama who said that 3% GDP growth was an impossibility of the past for our future?

 

Yes, those are expectations of the future. However, after passing his economic stimulus in 2009, Obama proceeded to work on Obamacare. That destroyed the stimulus package by introducing GREATER UNCERTAINTY of the future.

You should also be aware that the annual budget deficit needs to be turned around to become a surplus to reduce the debt. There's two parts to the annual budget deficit. One is greater tax revenue which we are now experiencing in record levels. A stronger economy always brings more tax revenue to gov. And the second is government spending which dems have been fighting in congress. But they just now ended their gov shutdown. So more work is needed on that.

Steve

 

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Then why were you accusing me?

 

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Sorry but by all aspects the Stock Market and the Economy was stagnant and not moving in the 8 years of Obama administration. The false lowering of unemployment was reported because part-time jobs were included and when unemployment benefits ran out the recipients were just dropped from the statistics. What extension of Bush tax cuts, taxes went up by all ways. The debt and deficit increased under Obama's direction by twice the number of Bush and exceeded all the debt incurred by forty three presidents before him.

 

Well that YOU CAN give Mr.Obatard credit for! Now, remember, 2017 was still Mr. Obatards budget, and we all know how those were over his two terms Now if you think the leftist have any credibility complaining about "Debt" maybe they should look themselves in the mirror every morning and every evening before they call it a day and ask themselves "WHY" why in the hell didn't we stop that last idiot from raising it EIGHT TRILLION in the beginning!

How many times did "we" Conservative explain to those little Obama leftist that he was trashing their and their Children's lives for generations to come? So stop your nonsense and live with what you allowed to happens, and maybe JUST MAYBE President Trump will have more positive influence over GDP then he has already and actually reduce the DEBT!

 

Oh Jesus, we all knew this was on the horizon LMFAO! But isn't that the story of Mr. Obatards life? He has gone thru life with no credentials and given everything by his guilted followers because of one outstanding feature, he is BLACK The only real qualification he has/had was parroting prepared speeches and reading a teleprompter with staff of handlers feeding him words to repeat.

And when the POWER GOES OUT, best part is "IF" President Trump were to stammer like this the left would be storming the street saying he was a stroke victim! But with this stammering idiot the left claim he is so intelligent his brain overruns his PIE HOLE LOLOL..

 

Trump has had a great economic recovery year. This is still picking up speed and it looks great for the years ahead. As for the national debt, that will depend on the economy and how much the congress spends. Time will give us a clear picture.

 

How does "deserves at least some credit" and being a "somewhat" or "strongly" positive force for job creation end up being all economists agreeing that Trump deserves credit for how well the economy is doing? Thats just your spin, and its a hell of a spin too.

Also, love the cartoon. The artist seems to be oblivious to the fact that it is actually logically consistent. The effects of the economy under a previous administration continue into the current administration. So yes Bush was responsible for the shitty economy when Obama got into office and Obama is responsible for the good economy at the beginning of Trump's term.

 

Yes, yes it was!

 

I think that's referred to as "prepping the victim".

 

. . . and expecting Clinton to win in 2016. LOL

Steve