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

Wrong: Dow Jones March 2008: 6594.44
Dow Jones January 2012: 16,069.64
Dow Jones January 20 2017 19,827.25

Dow Jones January 20 2018: 26148.25

Unemployment: figured the same way in the Trump administration as the Obama administration.

 

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Then please explain why Afro-American unemployment was the highest from 2009 to 2016 until President Trump was elected?

 

First, explain why that question has any meaning.

 

Well. I think it best to forfeit the political football game beteen the blue helmets and he red helmets and maybe take a look at monetary policy. Because both helmets adhere to the same monetary policy.

Personally, I think if were gonna call out names, it might be moere practical to call out Wilson, Hoover, and FDR. At lest that way we can gt to the root problem which we still havent recovered from.

 

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Because Obama did nothing to help Afro-Americans during his administration. Remember when unemployment was greater than 25% for Afro-Americans.

 

Well, when I talk about it, I go all the way back to Wilson, Hoover, and FDR where it all started. Before those clowns came along, the dollar was worth a dollar. Now it's worth 4 cents. And, again, we're 21 trillion dollars in debt. And growing.

The problem is the monetary policy. And both political parties adhere to the same policy. And all because of that terrible year 1913 when we got an unconstitutional vote to create the federal reserve, its collection wing the IRS, and the 16 Amendment. We've been printing our way into debt ever since. People think all of this tax money goes to roads and all of that but that's nonense. It goes to pay the interest on the bonds (national debt) which were bought by the banks who bought them from the treasury and then sold to the fed who wrote a check drawn on an account that has nothing in it to buy them.

And we not only haven't recovered from it, we're continuing the same horse puckey. Both the left and the right.

 

It wasn't. It declined each year under President Obama. Here are the end of year statistics for Blacks 16 and older according to the Bureau of labor statistics:
2009-16.1%
2010-15.5%
2011-15.4%
2012-14.0%
2013-11.9%
2014-10.6%
2015-8.5%
2016- 7.9%
2017-6.8%

https://data.bls.gov/timeseries/LNS14000006

 

Strange that everyone ignores the drop in value of the dollar against all other major currencies. :
Since Jan 1 2018: 22 days!
Dollar lost 2% to the Euro
Dollar lost 3.4% to the British pound
And just for fun, Dollar lost 5.2% to Mexican peso

This impacts on every US citizen unlike any changes to the Dow Jones

 

I'll give it a shot but I don't expect you to understand. You can't do a dollar value comparison against specific currencies without a lot of explanations that go with it, from the other side or other currency side of the equation.

A better analysis of the dollar's value would be comparing it to internationally traded commodities such as coffee, gold or oil prices. The dollar fell over a long period of time while Obama was in office as evidenced by rising gasoline prices, an easy one to visualize. Gasoline prices were as high as +$4/gallon for quite a while.

Recently, the dollar's value has faltered some, I think it is due in part to dems and media making sounds of impeaching Trump, though it will never happen, it still influences the dollar's value. But it is NO WHERE NEAR the low values during Obama's admin.

I'm not here to teach you 4 years of university level economics, so deal with it.

Steve

 

Thanks,. Mr. Obama. Maybe one in twenty economists would agree with the OP.

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

 

Is that was RW propaganda is saying? Source please.

 

You can directly relate it to the price of commodities you import. A falling Dollar means your imports cost more meaning that the consumer pays more for that coffee. The falling dollar directly impacts every US citizen unlike what the Dow Jones is doing, A currency is just a token used to purchase commodities - they are interchangeable. I take it that you did not pass the economics exams at university. It's so funny that you bring in Obama, media, impeachment and dems lol

 

What utter malarkey.

The stock market was 8000 when Obama took office and fell to 6600 within two months. When he left it was over 19,000.

Only a complete partisan spouting RW propaganda bulls*** could say that was "stagnant"

RW propaganda bulls***. Prove that false claim.

More completely false RW propaganda bull*. Prove it.

More false RW propaganda bulls***.

Doesn't matter how many times they are shown the truth, the bulls*** keeps coming.

 

You seem to be getting what I said, but you aren't connecting the +$4/gallon gasoline prices to the low level of the dollar's value during the Obama admin.

Steve

 

Your OP and title.

 

and what, specifically, did trump do to lower African American UE?

 

Your claims are so obviously false that they hardly need documenting!!!!!

 

Well I'll let Obama explain to you that there's no magic wand to bring jobs back to the US.



I suspect the LA times is sufficiently non-RW propaganda for you.

http://beta.latimes.com/business/hiltzik/la-fi-3percent-20170519-story.html

 

I'm sorry, could you quote the language where it says Obama said that? I didn't see it. Thank you.

 

It's just make up s*** as you go along.

 

Good question.

You simply fabricate. It's the RW propaganda way.

 

No. All Obama did for eight straight years was try -- and succeed -- in restricting businesses as much as possible along socialistic ideological lines. Trump -- the capitalist -- came in and removed restrictions and the economy is now booming. All Obama deserves is a middle finger salute.

 

LOL Talk about nonsense headline that does not reflect the details. Of course most are going to agree that Trump has had a positive effect. There is a far cry from having a positive effect and being responsible.

For example - Trump has zero do to with the upturn in metal prices which had hit a cyclical low prior to Trump coming into office and were already on the way up.

Trump has had zero to do with massive increase in the price of oil.
Trump has had zero to do with the shares of Google and Facebook doubling... and on and on.

His deregulation will have a positive effect but, those have largely not yet been felt.

Sure there was a "Trump Bump", and most agree with this, but the idea that Trump was responsible for the overall economic trend is a pile of nonsense.

 

Oh I already did.

Obama explaining away the economy and why jobs weren't coming back.

Was it that he was incompetent or that he did it on purpose do you think?

 

Yup, all things considered, that's certainly the best reply option left to you Nothing hides facts and history better than dilution