Trump on Pace to Do What Obama Couldn’t

Some binary trumpeteers seem more dishonest than their claims about Hillary

 

Its what trumpeteers do.

 

As I said, if you had a portfolio you'd be forced to smile through your Trump hate. If you haven't done very well since his election you are the world's worst investor.

 

Every smart investor knows that a new prez has almost no impact on markets or economy for the 1st year.

 

Correction, longest period of anemic growth and worst post recession recovery in history.

 

The market soared the day and I mean the very day Trump was elected and has continued to set new records ever since.

 

"Correction" implies that there was something incorrect about the statement. But you didn't point out anything incorrect. Complaining that one of the longest periods of economic growth in our history wasn't dramatic enough doesn't change the objective fact that it was one of the longest periods of economic growth in our history.

 

Hey if you think the longest period of anemic growth in history is something to brag about then have at it.

 

Good lord man.

There are many facets of the labor participation rate, and the number one driver of that is demographics. Baby boomers are starting to leave the labor force. And that is by CHOICE. Add to that the new global economy and the legislation that forces american workers to compete on a global market against people who make 10cents a day, and you get what we have today.

Every other economic indicator used to slam Obama and defend Trump is "growth". The right spent the entirety of the Bush Administration using the stock market, and the unemployment rate as the gauge to his success. Then when Obama comes into office and those things are even better, then they must be disregarded. So they start with the "he never had more than 3% growth".... or the "it was the worst recovery in history", when they REFUSE to talk about what tanked the economy.

Look folks...we have empirical evidence that supply side economics are bad, and we had 8 years of that under Bush, and when it melted the economy down, the right instantly started talking about "well the recovery was pathetic under Obama". We will never grow as society unless we are willing to have an honest look at whats happening, without our ideological rose colored glasses on. We have to stop playing the blame game, and actually look at the evidence we have and use that evidence to understand what works and what doesn't, and not at who's policy it was to decide if its good or bad.

The right needs to learn that just because something is good for business, that it may actually NOT be good for the country. The stock market posts record growth, Business' are posting record growth, yet wages are stagnant at best, and actually dropping for most, all the while the right keeps pushing for the same policies that broke the economy as the savior of the economy. Its the textbook definition of insanity.

We need to stop trying to hurt the other side, and do whats best for the country. All the back and forth between the right and the left is solving nothing.

 

If Wall-Streeter Cohn bails from the Trumptanic, there will probably be a decent pullback, at the very least.

At any rate, it's probably only a matter of time till the market comes crashing down on the fickle man-child-in-chief and the hapless republicans. The market doesn't like too much uncertainty, and the impulsive man-child is literally the KING of uncertainty.

Been taking some dough off the table thruout the summer...

 

I'm pulling back too because Congress is not implementing the Trump financial agenda and in time investors will go wobbly.

 

You attack PT78 because you can't handle his evidence. Tough.

 

The Trump economic agenda would make the stock market blow up more quickly than what is going to happen otherwise.

 

If Obama had the economy running nicely by the time his term was up Hillary would have won. The overwhelming majority of voters cast their ballots with just one consideration; which candidate offers a better economic prospect? Trump offered an uncertain, but positive prospect, he touted his business experience and deal-making, promised to de-regulate a lot of evidently business-hampering regulations, pipelines would finally get built, the EPA put on a leash, less cheap undocumented labor... Hillary promised more of what Obama delivered; environmental protections, clamp down on insurance, banking and financial services... What do you think the average voter figured would improve his economic prospects?

 

Plus Ultra notes (perhaps overemphasizes) the economic angle of the election: the recovery for the top half has been great and certainly not so for the bottom half.

If the white working classes were doing well in MN and MI and WI, HRC would have won a devastating victory.

As it was, the minority candidate barely crawled over the line ahead of the limping Hillary.

 

Which does not change the fact that if we were experiencing worker shortages that we would be experiencing wage inflation, and we are not.

Illegal entrants undercut the wages of US workers, this is known.

Nonsense. Obama was a fan of Government directed trickle down economics and it failed the middle and working class. He implemented a system where massive amounts of debt where run up that was directed to unions and those connected to government and this was supposedly going to "trickle down" to GDP and the rest of us. The Fed got into the act and added even more liquidity by expanding their balance sheet. The deficit and the Fed balance sheet, exploded, drove the Wall Street Economy, it did not drive the main street economy. Debt, the Stock Market, and Fed's Balance sheet went up, which secured the fat cats and the giant pension funds, meanwhile, GDP and US median Household income languished.



Today’s ceremony, however, has very special meaning. Because today we are not merely transferring power from one Administration to another, or from one party to another – but we are transferring power from Washington, D.C. and giving it back to you, the American People.

For too long, a small group in our nation’s Capital has reaped the rewards of government while the people have borne the cost.

Washington flourished – but the people did not share in its wealth.

Politicians prospered – but the jobs left, and the factories closed.

The establishment protected itself, but not the citizens of our country.

Their victories have not been your victories; their triumphs have not been your triumphs; and while they celebrated in our nation’s Capital, there was little to celebrate for struggling families all across our land.

That all changes – starting right here, and right now, because this moment is your moment: it belongs to you.

~ Donald J. Trump's First Inaugural Address.

 

The "bottom half" are all those Uber drivers and others in the rising "gig economy", the temporary part-time Starbucks baristas and others at fast food places trying to keep workers under 30 hours a week to avoid Obamacare obligations, salesclerks at Wal-Marts and similars surviving with Welfare to make ends meet, this is what Obama brought to the economy, all of it emerged in his tenure and much of it can be directly traced to his "signature accomplishment".

Trump's expression of concern over free trade-animated outsourcing, onerous environmental regulations stalling fracking and other development, warming alarmism shuttering coal mines, all helped motivate those ignored 'deplorables' far from the liberal latte drinkers in cosmopolitan city centers.

 

LOL...I typed 'I guarantee your next statement to me will be similarly filled with erroneous statements that you call facts that are nothing but childish/simplistic guesses/generalizations.'

And I was dead right.

Clearly you are nothing but a complete waste of time to me.

We are done here

Havea nice day.

BTW - I suggest you learn the meaning of the word 'exactitude'...as it is clearly a word you are not familiar with.

 

True That!



Paul Krugman, Leftwing Seer and Blithering Idiot:
On the stock market dip that occurred after Hillary's unexpected loss:

New York Times columnist Paul Krugman apparently saw this as immediate retribution for the country not having followed his clear instructions. “When might we expect them to recover?” he asked rhetorically. “The first-pass answer is never.”



http://rs196.pbsrc.com/albums/aa276/redhotzebraskin/elephantpooping.jpg?w=280&h=210&fit=crop

 

We have a lack of trained workers for about 3.5 million jobs. Because lower working class participants are re-training adverse, our business reaches overseas for qualified workers, who they pay at a lower wage of course.

 

Go up you mean

 

Well, in light of our H1B restrictions, I guess our employers better start investing in preparing Americans for the workforce they need.

 

Don't go away mad, just go away.

 

Nope, it will crash the market.

 

And looking closely at your graph it becomes evident that the market tanked as it was assumed Hillary was going to win and the instant Trump won it shot up.