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Thread: What Trump Knows That Obama Didn’t

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    Default What Trump Knows That Obama Didn’t

    Obama’s successor, Donald Trump, and the Republican Congress reversed Obama’s policies.
    The result, from the day Trump was elected, has been a more robust economy. Nearly 4 million jobs have been added, and unemployment has dipped to the lowest point in nearly a half-century. Let’s compare what Obama did with what Trump is doing.

    Obama raised taxes. Trump cut them. Obama was a regulatory zealot. Trump is passionate about deregulation. Obama’s Clean Power Plan killed the coal industry. Trump is reviving it. Obama downgraded the role of entrepreneurs and free markets in boosting the economy and lauded the wonderful things government does.

    Obama’s biggest breakthrough was the Affordable Care Act, a big step toward a single-payer, government-run health care system. Trump got rid of the individual mandate that forced everyone to buy expensive insurance or be fined—a big step toward a return to free markets in health care.

    The entire Obama economic agenda was “systematically reversed,” says economics writer Stephen Moore, a Trump adviser in the 2016 campaign. He and Arthur Laffer are authors of the new book Trumponomics: Inside the America First Plan to Revive Our Economy.

    Presidents love to tout their achievements. In Trump’s case, a White House report issued last week said his administration had produced 289 accomplishments in 20 months. We all know Trump exaggerates and brags. But many of the economic gains were impressive, especially the fact that job openings outnumber job seekers for the first time on record.

    Being a liberal himself, Obama relied on liberal economists. They led him astray, as they did President Kennedy in the 1960s. They favored higher taxes and increased spending, policies that caused an economic downturn. Kennedy was smarter than Obama. He finally turned to his Republican Treasury secretary C. Douglas Dillon, who recommended tax cuts. JFK grabbed onto them and the result was an economic boom, the Roaring ’60s.

    The Obama school of economists and commentators, embarrassed by anemic results, argued that economic growth was stuck, perhaps permanently, at 2 percent annually
    . That meant Obama was doing the best any president could do. Certainly far better than Trump, about whom they issued dire predictions:


    *We are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.” Paul Krugman, Nobel winner and New York Times columnist.

    *“Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States.” Larry Summers, former Harvard president and Treasury secretary.

    *“President Trump could destroy the world economy.” Washington Post editorial.

    * “Trump’s budget assumes 3% annual growth. . . . That’s extremely unlikely.” Jason Furman, chairman of Obama’s Council of Economic Advisers.

    *“If Trump thinks he can get more than 3% growth, he’s dreaming.” Michael Hiltzik, Pulitzer-winning economics writer for the Los Angeles Times.

    Wrong, wrong, and wrong.
    Trump’s economy is expected to grow by more than 3 percent this year.

    Trump is correct about the condition of the economy in late 2016. It was weakening.
    The shift in economic policy to the right changed the direction of growth from down to up,
    just as it had with JFK and with Reagan. That’s what tax cuts deliver and tax hikes don’t.
    https://www.weeklystandard.com/fred-...at-obama-didnt

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    Yesssireeeee, summed up perfectly. MAGA
    Abortion rights dogma can obscure human reason & harden the human heart so much that the same person who feels
    empathy for animal suffering can lack compassion for unborn children who experience lethal violence and excruciating
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    Unborn animals are protected in their nesting places, humans are not. To abort something is to end something
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    Quote Originally Posted by noise View Post
    Obama’s successor, Donald Trump, and the Republican Congress reversed Obama’s policies.
    The result, from the day Trump was elected, has been a more robust economy. Nearly 4 million jobs have been added, and unemployment has dipped to the lowest point in nearly a half-century. Let’s compare what Obama did with what Trump is doing.

    Obama raised taxes. Trump cut them. Obama was a regulatory zealot. Trump is passionate about deregulation. Obama’s Clean Power Plan killed the coal industry. Trump is reviving it. Obama downgraded the role of entrepreneurs and free markets in boosting the economy and lauded the wonderful things government does.

    Obama’s biggest breakthrough was the Affordable Care Act, a big step toward a single-payer, government-run health care system. Trump got rid of the individual mandate that forced everyone to buy expensive insurance or be fined—a big step toward a return to free markets in health care.

    The entire Obama economic agenda was “systematically reversed,” says economics writer Stephen Moore, a Trump adviser in the 2016 campaign. He and Arthur Laffer are authors of the new book Trumponomics: Inside the America First Plan to Revive Our Economy.

    Presidents love to tout their achievements. In Trump’s case, a White House report issued last week said his administration had produced 289 accomplishments in 20 months. We all know Trump exaggerates and brags. But many of the economic gains were impressive, especially the fact that job openings outnumber job seekers for the first time on record.

    Being a liberal himself, Obama relied on liberal economists. They led him astray, as they did President Kennedy in the 1960s. They favored higher taxes and increased spending, policies that caused an economic downturn. Kennedy was smarter than Obama. He finally turned to his Republican Treasury secretary C. Douglas Dillon, who recommended tax cuts. JFK grabbed onto them and the result was an economic boom, the Roaring ’60s.

    The Obama school of economists and commentators, embarrassed by anemic results, argued that economic growth was stuck, perhaps permanently, at 2 percent annually
    . That meant Obama was doing the best any president could do. Certainly far better than Trump, about whom they issued dire predictions:


    *We are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.” Paul Krugman, Nobel winner and New York Times columnist.

    *“Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States.” Larry Summers, former Harvard president and Treasury secretary.

    *“President Trump could destroy the world economy.” Washington Post editorial.

    * “Trump’s budget assumes 3% annual growth. . . . That’s extremely unlikely.” Jason Furman, chairman of Obama’s Council of Economic Advisers.

    *“If Trump thinks he can get more than 3% growth, he’s dreaming.” Michael Hiltzik, Pulitzer-winning economics writer for the Los Angeles Times.

    Wrong, wrong, and wrong.
    Trump’s economy is expected to grow by more than 3 percent this year.

    Trump is correct about the condition of the economy in late 2016. It was weakening.
    The shift in economic policy to the right changed the direction of growth from down to up,
    just as it had with JFK and with Reagan. That’s what tax cuts deliver and tax hikes don’t.
    https://www.weeklystandard.com/fred-...at-obama-didnt
    Trump hasen't saved any coal mining jobs. The Republican governor of WV is lobbying Trump for a $15 a ton subsidy for coal.

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    This makes it sound like Trump reversed a trajectory, dramatically.

    He didn't.

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    Trump is a turd floating in a pool of pus and did nothing to stimulate the economy that Obama didn't already have in motion.
    His tax cut is a clusterfuck exploding the debt.
    The disparity in wealth between the top one percent and the nation at large continues to grow.
    And while hell probably doesn't exist, everybody who voted for the motherfucker, without exception, nevertheless deserves to become a resident there.
    .

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    Quote Originally Posted by NiftyNiblick View Post
    Trump is a turd floating in a pool of pus and did nothing to stimulate the economy that Obama didn't already have in motion.
    His tax cut is a clusterfuck exploding the debt.
    The disparity in wealth between the top one percent and the nation at large continues to grow.
    And while hell probably doesn't exist, everybody who voted for the motherfucker, without exception, nevertheless deserves to become a resident there.
    .
    Too much winning for you?
    Cry harder
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Trump and his followers are dim-witted cowards and trolls, as it will be reinforced on them in a few weeks.

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    With his background, what would Obama know about how the economy works?

    I asked that question a bunch in 2007. Turns out it was a good question.
    Coup has started. First of many steps. Impeachment will follow ultimately~WB attorney Mark Zaid, January 2017

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    Welcome to my ignore list, Celticguy.

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    Quote Originally Posted by Darth Omar View Post
    With his background, what would Obama know about how the economy works?

    I asked that question a bunch in 2007. Turns out it was a good question.
    It's was a stupid question then, and it's even stupider now .. given Obama success with the economy.

    I know, facts don't matter to you.
    AMERICAN HISTORY ITSELF IS A TESTAMENT TO THE STRENGTH AND RESILIENCE OF AFRICAN PEOPLE. WE, ALONG WITH THE COURGE AND SACRIFICES OF CONSCIOUS WHITE AMERICANS, LIKE VIOLA LIUZZO, EVERETT DIRKSEN, AND MANY OTHERS, HAVE FOUGHT AND DIED TOGETHER FOR OUR FREEDOM, AND FOR OUR SURVIVAL.

    In America, rights are are not determined by what is just, fair, equitable, honest, nor by what Jesus would do. Rights are determined ONLY by what you can DEMAND.

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    Quote Originally Posted by NiftyNiblick View Post
    Welcome to my ignore list, Celticguy.

    Isn't everybody on your ignore list ? Why bother posting when nobody can respond ?

    Coward !

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    Quote Originally Posted by blackascoal View Post
    It's was a stupid question then, and it's even stupider now .. given Obama success with the economy.

    I know, facts don't matter to you.
    Obamas " success " with the economy was throwing $10 trillion at it !

    Any moron could have done that ......

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    Quote Originally Posted by Loving91390 View Post
    Obamas " success " with the economy was throwing $10 trillion at it !

    Any moron could have done that ......
    When Obama took office we were carrying a lot of debt from the wars in Iraq and Afghanistan.

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    Quote Originally Posted by Loving91390 View Post
    Obamas " success " with the economy was throwing $10 trillion at it !

    Any moron could have done that ......
    You are truly a really uninformed man.

    AMERICAN HISTORY ITSELF IS A TESTAMENT TO THE STRENGTH AND RESILIENCE OF AFRICAN PEOPLE. WE, ALONG WITH THE COURGE AND SACRIFICES OF CONSCIOUS WHITE AMERICANS, LIKE VIOLA LIUZZO, EVERETT DIRKSEN, AND MANY OTHERS, HAVE FOUGHT AND DIED TOGETHER FOR OUR FREEDOM, AND FOR OUR SURVIVAL.

    In America, rights are are not determined by what is just, fair, equitable, honest, nor by what Jesus would do. Rights are determined ONLY by what you can DEMAND.

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    Quote Originally Posted by kudzu View Post
    When Obama took office we were carrying a lot of debt from the wars in Iraq and Afghanistan.
    I'm sorry ... But , did Obama get us out of Iraq and Afganistan ?

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