Q2 2020 GDP growth: -32.9%.... Yes, you've read it right.

No, they try to restart it and then thousand drop dead of the trump virus

 

At least that is what you Karen's think.

 

The article is dated May 2020.

The numbers came out a few days ago:

We are maintaining our forecast of a 4.0% contraction of global GDP in 2020. This is less severe than the −4.9% seen by the IMF, reflecting our relative optimism about the effect of the measures orchestrated by central banks and governments.

https://www.nbc.ca/content/dam/bnc/...conomic-analysis/monthly-economic-monitor.pdf

_________________

Conclusion: the crisis will be much more severe in the US.

 

Crap happens while people are President. You don't get to pretend that "the economy would be great ... if only...".

Yup, Obama's economic numbers would have been much better... if only there hadn't been a recession and two wars when he took office ... See how that sounds?

It is what it is. And what it is is that Trump will have the worst 4 year economic numbers of any modern President. Reality
is that Trump's GDP will be a negative number. Reality is that Obama was right when he said that GDP number over 3.0% growth would be very difficult in the future. Reality is that Trump was wrong when he said he was going to have 5% growth in GDP.
Reality is that Trump will have much worse employment numbers than Obama.

 

Good stuff, DL.

But, everyone would agree on this:

The Buck Stops With Trump.

 

In all fairness, might as well discredit POTUS for said record low GDP, due to the fact, what’s forthcoming is a record high, and we all know how Trump and his loyalists have responded to record highs....”All Trump’s accomplishments”.....MAGA!

Thus, be harsh!

 

We all remember why Obama's economic policies, if they could even be called that, weren't better:

Democratic Sen. Chuck Schumer: Democrats Made a Mistake Putting Health Care Reform Before the Economy
PETER SUDERMAN | 11.26.2014 8:35 AM
https://reason.com/2014/11/26/schumer-obamacare-mistake/

Obama’s 19th Pivot to Jobs and the Economy
JUL 24, 2013
https://www.gop.gov/obamas-19th-pivot-to-jobs-and-the-economy/

Jobs and the economy simply weren't a priority for Obama and his colleagues...



...and that's one of the main reasons why Donald Trump is president.

Of the many mistakes Hillary Clinton made in 2016, pledging to continue Obama's failed "economic" policies was probably what sealed her doom.

 

Had we pulled a China and welded everyone shut in their home, you'd be on here crying about a dictatorship.

I said months ago that no matter what Trump did or didn't do, it wouldn't be right in the eyes of the left.

Never been more clear.

 

No need for fake complaints about "dictatorship." Other countries (no, not just China, as you insist on pretending) took a more aggressive approach, and it was more successful. Trump downplayed the threat from the beginning.

 

Even worse than that of the great depression.

Whatever Trump touches dies. That being said, The USA is now the s**t-hole Trump accused other places of being. Think Trump Steaks, Trump Water, Trump University, etc. Other countries have weathered the storm because they are not killing off their citizens and paid them to stay home.

 

Doubling down on hypocrisy.....it's what the left does.

Step 1: Cry about safety and demand everything be shut down

*economy shuts down*

Step 2: Cry about how bad the economy is and how it's all Trumps fault.

*Trump advocates to reopen the economy*

Step 3: Cry about how trump doesn't care about the safety of americans and advocate keeping the economy shut down because it's what best for the people.

RINSE AND REPEAT.

The left is such a failure to the people of this country. They don't care about the safety and health of people. Just look at how they can't even condemn the violent rioting that's gone on for multiple months now. They don't care about the deadly long term affects of shutting down the economy and ruining peoples lives. Overdoses up, suicides up, crime up....who cares as long as it benefits the left politically. We can't talk about those stats, all that matters is the number of covid-19 deaths which is in no way accurate. Find a slew of doctors with credible evidence of a way to fight the disease.....silence them. Politics above all else to the left. It takes a special kind of selfishness and a massive ego to walk all over the american people in the name of politics.

 

Didn't notice the previous thread.

 

True. If Trump walked on water his opponents would whine about how he can't swim.

While I can't be bothered with their TDS, what concerns me is they're perfectly willing to let the ChiComs off the hook and return to the unacceptable and unsustainable status quo ante. In fact, they intend to make America more dependent on China instead of less:

Ocasio-Cortez’s Green New Deal Could Be A Huge Boon For China. Here’s How
https://dailycaller.com/2019/04/05/green-new-deal-china-energy/

 

And if Trump continually ignored the Constitution and mismanaged a national security crises, his blind followers would still worship the ground he walks on. Oh, wait, that's exactly that happened.

 

Obama has better GDP numbers and job creation than Trump will have after his first four years. So if Obama sucked, then Trump is a down right crap pile.

 

A+

It's precisely that ARROGANCE that cost the Dems the House in 2010, the Senate in 2014 and finally the White House in 2016. It's precisely that ARROGANCE that led them to blame Russia for the consequences of their own bad ideas, bad policies and bad candidates. It's precisely that ARROGANCE which is behind everything you brilliantly articulated in your post, and much much more.

 

I'll take Trump's policies and numbers leading up to the pandemic over Obama's any day. The fact Obama tried to take credit for Trump's successful economic policies speaks for itself.

 

Trump's numbers leading up to the pandemic were on the same trend as the numbers before he took office. Again: the only people crediting Trump are those who either can't read a graph or refuse to consult one. The pre-existing trends speak for themselves.

There is no rationale for crediting Trump. At all.

 

Then he changed his mind. He has set a bad example in how not to protect oneself from the virus by not wearing a mask and social distancing. We are in dire straits because of poor leadership coming from the top.

 

It would be the Governors who shut the states down who would be at fault.

 

Even before the pandemic, Trump's GDP numbers were not much better than Obama's - and Trump was handed a silver spoon compared to the two wars and a recession that Obama found on his first day in office.

Obama had a mediocre economy. Trump's sucks hind tit.

 

What was GDP growth during Obama's last year in office? I've seen it generously put at 1.6%. That was significantly down from 2015.

Trump's numbers have been well above that downward trend to 1.6% and there's no telling how much lower they could have gone if the 2016 elections went in the Democrats' favor. If we follow your fancy for trends we could presume it would have sunk to .32% growth instead of rising.

Indeed, the direction of the trends speak for themselves, as does all the other data.

Every president deserves credit or blame for his polices and the impact those policies had on the economy. In that respect Trump is no different than his predecessors.

 

Your take on trends is completely divorced from reality. Please consult a graph.

 

Your fixation on trends served you poorly, and I don't need a graph to tell me the difference between down and up.

 

It isn't "my" fixation on trends. Trend analysis is the staple of economics, business metrics, finance metrics, etc. It's how you see through transparent misrepresentations like this one.

I'll try to simplify this: numbers go up and down, both within presidencies and between them. The way you actually figure out what is going on is by looking at the trends in those numbers. It is intellectually dishonest to cherry pick only the last year of Obama's presidency (numbers tend to fall a little at the end of all presidencies and rise after the election, regardless of who lost and who won) and compare it to your favorite quarters from Trump's presidency. Again, the only people crediting Trump are the ones who are either deliberately misrepresenting these numbers or who don't understand how they work.