Airstrip One
Completely Effed
Oh, I thought someone was testing the mods. Didn't realize you were just messing with Legion Fag.
trump Crashes the DOW
- Thread starter katzgar
- Start date
Oh, I thought someone was testing the mods. Didn't realize you were just messing with Legion Fag.
The one that took effect January 1st, 2018.
The one that since taking effect, has produced an economy that slowed by 0.7% from the prior quarter, before the tax cut. That's right, they just revised Q1 2018 GDP growth down to 2.2%...the irony being that Obama averaged 2.2% growth over his second term. So Trump's economy is doing just as well as Obama's was in his second term.
After the tax cut was passed, 4,000,000 people lost their health insurance.
The marked gains in health insurance coverage made since the passage of the Affordable Care Act (ACA) in 2010 are beginning to reverse, according to new findings from the latest Commonwealth Fund ACA Tracking Survey. The coverage declines are likely the result of two major factors: 1) lack of federal legislative actions to improve specific weaknesses in the ACA and 2) actions by the current administration that have exacerbated those weaknesses. These include the administration’s deep cuts in advertising and outreach during the marketplace open-enrollment periods, a shorter open enrollment period, and other actions that collectively may have left people with a general sense of confusion about the status of the law. Signs point to further erosion of insurance coverage in 2019: the repeal of the individual mandate penalty included in the 2017 tax law, recent actions to increase the availability of insurance policies that don’t comply with ACA minimum benefit standards, and support for Medicaid work requirements.
Nope. One economy was cratering, the other was thriving. My point was that what Obama did was remarkable and what Trump did was ineffective and harmful.
Trump's economy started on third base, but he thinks he hit a triple.
BTW - GDP growth for Q1 2018 was revised downward to 2.2%...which is the average GDP growth Obama had during his second term.
No. Trump had all the advantages of inheriting a stable world, a strong global economy, and with declining oil prices.
He squandered all that, of course.
The market has been #losing since January 1st. Even before Italy, the market was down.
What a fucking crybaby.
Fact of the matter is that I wasn't even counting from Obama's DOW low point which was 6,549 on March 9th, 2009. If you count from there to May 29th 2010, Obama grew the DJIA by 3,500 points. Almost the same gross amount Trump did. But of course, it's a way bigger percentage increase.
Drumpf first day: 19,827.25
Drumpf today: 24,361.45
+23%
+4,535
Obama low 3/9/09: 6,547
Obama on May 29th of Year 2: 10,136
+55%
+3,589
St. Louis Fed, asshole.
Kill yourself. It's probably the only meaningful thing you will do with your life.
No they're not. "Fact" does not mean what you think it means. You think fact means something because you simply believe it. But you're not the authority on facts. You lie by deliberate omission.
Bush wasn't handed a recession. In fact, GDP growth for 2001 was positive. Bush created a recession. The First Bush Recession started in April 2001 and ended by October 2001. It was the weakest, most ineffectual recession of the last 50 years.
It was so weak, people mistook it for your physical abilities.
When did he say that? Quotes, please. Link or lie.
Rat Robbersson
Oracle Of Omega (24)
Meh. Dirty tricks. That's what they do to make up for their stupidity. Debating him is like debating an infantile lunatic with mad cow disease. I love watching him making a fool of himself, duh.
1. Obama's GDP growth for his second term was 2.2%; guess what GDP growth was for Q1 2018? 2.2%. So if Obama's economy was malaise, then so is Trump's.
2. Conservatives controlled the House since 2011 and the Senate since 2015 and economic growth in Q1 2018 was the same as it was during Obama's second term.
3. YOU created ISIS when you stupidly invaded Iraq and had no plan for what to do afterward. You disbanded the Iraqi Army, kicked the Ba'athists out of Iraq (they went to Syria), then spent $30B arming and training the New Iraqi Army only to see those troops throw their weapons down and run away at the first sign of ISIS. Without invading Iraq, there would be no ISIS today. So you are responsible for it, and have done nothing to stop them. Instead, you ride Obama's coattails, just like you're doing with the economy he handed you that you've squandered with your shitty tax cuts.
4. $30M and 6 hearings produced not one single indictment of Benghazi. And you're the assholes who cut embassy and consulate security funding. So Benghazi is actually on you.
The economy wasn't strong in 2017? Then why are you pretending Trump's good for the economy?
Obama recovered more, faster than Trump did. Obama's DJIA reached a low of 6,547 on March 9th, 2009. By May 29th, 2010, Obama had grown the market by 53%, and 3,500 points.
Trump's growth the market by 4,500 points, but only 23%.
That's because Trump's bad for the market, bad for the economy, bad for your personal health.
Rat Robbersson
Oracle Of Omega (24)
You're the ones who say Obama's economy was terrible and was suffering "malaise". Therefore, Trump was handed a terrible economy that was suffering "malaise"...even though Obama handed an economy that was growing by 2.2%, and Q1 2018 GDP was just revised down to 2.2%.
So was Obama's economy bad or not? Make up your mind.
It dropped by 600 points at one point.
It is currently off by 350 points year to date.
Since the tax cut took effect, the market has been down.
Rat Robbersson
Oracle Of Omega (24)
Man you wiped the floor with that creep. Bravo!
Not at all. My standards are quite broad as I'm comparing DJIA growth from inauguration to May 29th of Year 2 for both Obama and Trump. Those are the only qualifiers I am using.
When you do that, it shows that Obama grew the DJIA faster and by a better % than Trump did.
And if you work from Obama's low point of 6,547 on March 9th, 2009, then Obama grew the market by 55%, and 3,500 points by May 29th of his second year. Trump's only grown the market by 23% or 4,500 points by May 29th of his second year.
So Obama beats Trump.
I'm not judging his Presidency...I'm judging his Russia Tax Cut.
If you equate judging his Russia Tax Cut with judging his Presidency, then you're admitting that his Presidency is his Russia Tax Cut.
Is that really an argument you want to make?