Earl (07-12-2019)
This is for the reason, tRump and his antigovernment conspiring GOPers and other filth are in the business to destroy the global economy and Democracy. tRump who is a bankruptcy liability, career criminal as tax cheater, grifter using his illegitimate position at the White House as a grand larcenist on the taxpayer dime at over $100 million thus far, criminal against humanity for his own profit, obviously cannot claim he is a asset to any economy on Earth but that of a deplorable thief and the lowest form of what one would refer to as a human being. Yet this appears Democracy of Capitalism is alive and well, despite tRump and his fellow dogs' efforts to destroy it:
Dow rallies 200 points to close above 27,000 for the first time ever
https://www.cnbc.com/2019/07/11/stoc...-rate-cut.html
Former President Barack Obama addressing a town hall of young leaders from across Europe at an Obama Foundation event in Berlin, Germany, in April.
Under which president did the stock market rise more during the first 27 months of his presidency? Donald J. Trump or Barack H. Obama? Under which did the unemployment rate decline more? How about GDP growth per president?
If it wasn’t for obnoxious braggadocio of the current incumbent — his incessant pitiful compulsion to exaggerate his own accomplishments and disparage those of all others (but most especially those of his immediate predecessor) — I would say the idea that economic indices reflect the wisdom and skill of the incumbent president is dumb. But if those are measures the self-glorifying Trump wants to use, let’s go there and review some actual, you know, facts.
On January 20, 2017, the day Trump took office, the Dow Jones industrial average was at 19,827. It’s had a good run during his first two plus years, and it closed Friday at 25,942. That’s an impressive gain of 30.8 percent, but let’s not be stingy. Let’s call it 31 percent. (Note: as of publication of this story Monday morning, the Dow was down more than 600 points, or 2.4 percent.)
Some find Trump’s policies despicable, racist, even (or perhaps especially) planet-threatening. But some argue that the good economy during Trump’s first two-plus years is a powerful offset against those factors. The movement of the Dow is not the best measure of economic performance, nor certainly of the overall cost/benefit analysis of his presidency. GDP growth would be better and, in terms of impact on ordinary Americans, unemployment would be better. And those have done well under Trump, too. But the Dow is very specific and often celebrated by Trump praisers."
https://www.minnpost.com/eric-black-...ma-owns-trump/
Earl (07-12-2019)
Micawber (07-12-2019)
TOTAL BULLSHIT. Wall St. ()Obama's Good Buddies) was propped up by printing over $12 trillion in paper , "quantitive easing". and handing it over to the banks, who then INVESTED IT IN THEMSELVES, in the markets.
That is NOT THE CASE , today.
Makeup some more BULLSHIT.
TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..
De Oppresso Liber
Earl (07-12-2019)
Under which president was the GDP stagnated at an average growth index of 1.9% (the new normal)? Under which president did the FED manipulate currency to the tune of printing more funny money (the supposed economic stimulus) in order (by necessity) to prop up the big firms on Wall Street (having artificially grown the Market by 250%....creating what is otherwise known as an Economic "BALLON")?
Under which presidency was the US labor force reduced to its lowest level since the great depression? Under which presidency was more poverty created after an 8 year reign than before......placing (by necessity) more people on welfare and food stamps than existed in US HISTORY?
Under which presidency were there more JOBS gained in the SERVICE industry and more industrial and technical jobs lost than any time in previous history? Under which presidency...….were more people removed from the rolls of unemployment because they had exhausted their 96 week paid vacation UNEMPLOYMENT BENEFITS (federal welfare) and no longer counted?
The entire BHO administration was nothing but a big FAKE "RED BALLOON" just waiting to explode again. Obama was the FAKE WELFARE KING. This is what SOCIALISM creates.....dependence upon tit sucking.
Last edited by Ralph; 07-12-2019 at 05:20 AM.
Earl (07-12-2019)
That's an ignorant lie and you are an ignorant liar.
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.
Earl (07-12-2019)
fed monetary policy resulting in savings interest rates under 1%.........
The Trump economic team is out to destroy the economy.
Earl (07-12-2019)
Micawber (07-12-2019)
Right....as evidenced by the 32% increase in the Stock Market, the GDP growth index of 3.2% in a quarter that is flat...…………. after the Holiday spending spree), the 10 million JOBS created or saved, the reduced taxes on the middle class, the increase in the labor force, the reduction of welfare spending, the shit canning of job killing over regulations....YEP, he's destroying....SOCIALISM and BIG GOVERNMENT dependence, not the economy as demonstrated by the actual FACTS in EVIDENCE.
You are the reason that democrat socialists are elected.....you are an ignorant enabler. Why? Are you on some government draw? Has your family been on the government take for generations? There must be a reason that you have sold your soul to the immoral enablers of child pedophilia and aberrant sexual perversion.
Last edited by Ralph; 07-12-2019 at 07:03 AM.
PostmodernProphet (07-12-2019)
For themselves, yes, gonzomin, but rw economic policies always lead to recessions and depressions.
Well you should give your darling Putin puppet tRump credit for this atrocity too:
U.S. Posts The Biggest Monthly Budget Deficit In American History
Trump railed against debt during his campaign, vowed to balance budget.
February’s federal budget deficit was the largest on record, according to figures released by the Treasury Department on Friday. President Donald Trump promised during his campaign that he would balance the budget in eight years.
The total debt surpassed $22 trillion for the first time ever in February — $2 trillion higher than when Trump took office."
https://www.huffpost.com/entry/recor...b01ebeef103d01
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