Darth Omar (07-07-2019), Earl (07-08-2019), Stretch (07-07-2019)
Sorry Obama, But It's Trump's Economic Boom, Not Yours
Investors Daily https://www.investors.com/politics/e...oming-economy/
Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.
Let's see if we have this right
For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.
But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.
LOL! No way in hell.
Darth Omar (07-07-2019), Earl (07-08-2019), Stretch (07-07-2019)
Earl (07-08-2019)
ThatOwlWoman (07-07-2019)
Simple: False pumping if federal dollars into the healthcare economy creating smoke & mirrors growth, and also almost every job created under Obama was part time garbage jobs and thereforwe they were not real jobs at all.
Obama laughed when Trump said he would achieve the growth that he has in fact achieved.
Not Obama's Economy
https://www.hoover.org/research/not-obamas-economy
"Speaking more generally, I cannot think of a single mid-level Obama policy that counts as a pro-growth initiative. The same bad rap cannot be leveled against Trump, for, as the economists Edward C. Prescott and Lee E. Ohanian point out in the Wall Street Journal, the deregulatory cornerstones of the Trump administration are economically sustainable. Deregulation of labor and capital markets are not just a short-term shot in the arm, and the lower taxation of corporate income has worked to repatriate capital from overseas and to expand overall levels of investment. So long as these remain permanent features of the economy—a big “if” with an election coming up—private firms have the necessary time horizons to make much-needed long-term investments. That activity will in turn--as has begun to happen--rejuvenate labor markets. Youth unemployment hit a 50-year low, and the pace of hiring continues to rise. The stock market, always a leading indicator of future fortune, rose by about one-third in Trump’s first year in office and continues to hit all-time highs."
Earl (07-08-2019)
Not quite accurate, besides, Trump's tax cuts was the same "pulping federal dollars" into the economy
https://www.marketwatch.com/story/tr...and-2018-01-16
https://www.politifact.com/truth-o-m...-inherit-mess/
https://www.marketwatch.com/story/a-...ess-2017-02-16
https://www.forbes.com/sites/chuckjo...ss-from-obama/
https://www.washingtonpost.com/news/...=.9335caa76506
Earl (07-08-2019)
Trump's economy is roaring. Will it carry him in 2020?
https://www.nbcnews.com/politics/202...-2020-n1001691
WASHINGTON — There's really only one word — "boom!" — to describe the economic picture surrounding President Donald Trump 18 months away from the 2020 election.
On Friday, the Labor Department announced that the economy added 263,000 jobs and hourly wages grew by two-tenths of a percent in April. The unemployment rate — 3.6 percent — is at its lowest level since December 1969, before the births of nine of the Democrats running for his job.
Earl (07-08-2019)
Earl (07-10-2019)
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Earl (07-08-2019)
Darth Omar (07-08-2019), Earl (07-08-2019)
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Fib all you want, Trumpies, but America knows differently
https://www.npr.org/2018/09/12/64670...ng-u-s-economy
https://www.forbes.com/sites/chuckjo.../#f21ae178caa7
Earl (07-08-2019)
Earl (07-08-2019)
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