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Trump fires back after Obama claims credit for economic boom: 'Con job'

zimmer

zimmer

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“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany said. “Obama and Biden orchestrated the worst economic recovery in modern history.”

She added: “By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”

Trump tweeted Monday night: “Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!”

Trump fires back after Obama claims credit for economic boom: '''Con job''' | Fox News
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Obama... The Ridiculous One.

Hey Obama... you had access to the same magic wand Trump has... you failed to use it because you didn’t know how to.

How do you negotiate a better deal? Well Obama... you should have been familiar with such matters before running for office. Idiocies like telling business to take bank loans to make payroll??? “And he went to Harvard”... and learned nothing about the world we live in.

Yes Obama... you were in way above your pay grade.

 
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zimmer said:
Hey Obama... you had access to the same magic wand Trump has... you failed to use it because you didn’t know how to.
How do you negotiate a better deal? Well Obama... you should have been familiar with such matters before running for office.
Yes Obama... you were in way above your pay scale.

Click to expand...


Hey Obama... you had access to the same magic wand Trump has..
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Trump had Father time on his side

So in other words, the further you get away from the "Great Recession", the better you'll be

You can figure out the rest
 
For several years my pet name for Obama was The Prick Extraordinaire

You can see where it comes from.



Example....and notice too if you will how right I was about Comey:

Hawkeye10 said:
06-09-17 I think maybe the best part was "Oh no, I could not possibly say if Trump did obstruction of justice, that would be me getting out of my lane(paraphrase)" AS he is doing every thing he can possible do to drive Trump to his long programmed impeachment most likely done under the theme obstruction of justice unjustly.

This the man Obama also known as THE PRICK EXTRAORDINAIRE picked to run the FBI.

VERY NICE!
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Hawkeye10 said:
For several years my pet name for Obama was The Prick Extraordinaire

You can see where it comes from.



Example....and notice too if you will how right I was about Comey:
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For several years my pet name for Obama was The Prick Extraordinaire
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I don't know about that

But hang in there


 
Luther said:
Trump had Father time on his side

So in other words, the further you get away from the "Great Recession", the better you'll be

You can figure out the rest
Click to expand...

Perhaps, but whenever I hear this kind of argument I wonder when can a Presidential Administration actually get credit for economic (or other) improvements?

IMO, such an argument can be extended ad infinitum.

For example, the USA went through it's greatest economic crisis during the "Great Depression." That it took three terms in office by Franklin D. Roosevelt and WWII to get us out of it. One could argue that Roosevelt is actually responsible for all American economic recovery after his Administration, if one uses the Obama argument.

Trump has taken a number of steps which can be directly tied to economic improvement. Meanwhile, how many times since 2017 have we heard how his actions were leading to a new "recession" only to find the opposite turned out to be true?

The question remains...at what point can a new Administration get credit for a good economy?
 
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Trump fires back at everything. Trying to swat flies with a 45. He always misses.
 
Captain Adverse said:
Perhaps, but whenever I hear this kind of argument I wonder when can a Presidential Administration actually get credit for economic (or other) improvements?

IMO, such an argument can be extended ad infinitum.

For example, The USA went through it's greatest economic crisis during the Great Depression. That it took three terms in office by Franklin D. Roosevelt and WWII to get us out of it. One could argue that Roosevelt is actually responsible for all American economic recovery after his Administration, if one uses the Obama argument.

The question remains...at what point can a new Administration get credit for a good economy?
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I think we should stop giving the president more credit for the economy than is due. Taxation, spending and regulation certainly have effects, sometimes great, but economies don't necessarily change course with new administrations. Especially modern global economies like ours.

Economists study the data and disagree, so I think it's extremely difficult for us as laymen to determine the cause and effect relationship between an administration and the economy.
 
Federal fiscal policy has very little to do with the economy.

We had a very aggressive reaction in both the latter days of the Bush Administration and early in the Obama Administration to the Financial Crisis, and thus we came out of it faster than our peer nations. However, since then, GDP growth has been anemic under both Obama and Trump.

188165.jpg
 
zimmer said:
Obama... The Ridiculous One.

Hey Obama... you had access to the same magic wand Trump has... you failed to use it because you didn’t know how to.

How do you negotiate a better deal? Well Obama... you should have been familiar with such matters before running for office. Idiocies like telling business to take bank loans to make payroll??? “And he went to Harvard”... and learned nothing about the world we live in.

Yes Obama... you were in way above your pay grade.

Click to expand...



Trump is a petty childish little man.

He has spent much of his time undermining the accomplishments of the previous Administration, often with disastrous results.

However, in on area, he has steadfastly stayed away from his politics of personal revenge.

He has no control over the nation’s monetary policy (he chafes over that).

He does have some control over fiscal policy.

Barack Obama promised “an economy that is built to last”/

Ten years later, the economic growth has risen steadily and consistantly for ten years, as unemployment has steadily and consistantly declined.

This trend was very well underway well before Trump even rode the esculator.

Trump has not changed any of Obama’s economic policies at all. Steve Mnuchin, and Wall Street won’t let him. And Trump is afraid of Wall Street.

There his beeen only one significant change.

The Republicans and their fool’s gold fuhrer, rediscovered Dick Cheney’s old mantra “Deficits don’t matter”. (Take that Tea Partiers!. Oh, wait, tea party worries over deficits were promptly forgotten the moment they put the tri corner hat on the shelf and put on the red cap).
 
SouthernDemocrat said:
Federal fiscal policy has very little to do with the economy.

We had a very aggressive reaction in both the latter days of the Bush Administration and early in the Obama Administration to the Financial Crisis, and thus we came out of it faster than our peer nations. However, since then, GDP growth has been anemic under both Obama and Trump.

View attachment 67274007
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“Federal fiscal policy has very little to do with the economy”??????

That sounds a lot like “deficits don’t matter”!
 
Captain Adverse said:
Perhaps, but whenever I hear this kind of argument I wonder when can a Presidential Administration actually get credit for economic (or other) improvements?

IMO, such an argument can be extended ad infinitum.

For example, the USA went through it's greatest economic crisis during the "Great Depression." That it took three terms in office by Franklin D. Roosevelt and WWII to get us out of it. One could argue that Roosevelt is actually responsible for all American economic recovery after his Administration, if one uses the Obama argument.

Trump has taken a number of steps which can be directly tied to economic improvement. Meanwhile, how many times since 2017 have we heard how his actions were leading to a new "recession" only to find the opposite turned out to be true?

The question remains...at what point can a new Administration get credit for a good economy?
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Why not they said the Clinton era boom was die to Reaganomics.
 
zimmer said:
Obama... The Ridiculous One.

Hey Obama... you had access to the same magic wand Trump has... you failed to use it because you didn’t know how to.

How do you negotiate a better deal? Well Obama... you should have been familiar with such matters before running for office. Idiocies like telling business to take bank loans to make payroll??? “And he went to Harvard”... and learned nothing about the world we live in.

Yes Obama... you were in way above your pay grade.

Click to expand...


Obama rebuilt the Economy for Stability and Prolonged Growth... Trump has done nothing but raise hell, promote divisiveness, give wealth to the wealthy and weaken our Federal coffers while expanding the Debt and exploding the budget deficit... while aiming to cut programs to ensure the wealthy continue to fleece the nation and thrust it deeper in debt.

The only thing Trump and Republican can achieve is expanding the Worlds interest to replace the America Dollar as the lead reserve currency, and ultimately hold Americans Accountable for its Debt. Which means... "insolvency"...

Nothing under Trump is growing except the delusional spin of the stock ticker... based on trading frenzy and massive debt accumulation.. and we are about to see the crash come like an avalanche!!!

Nation upon Nation is loosing Respect for and of America.....

Trump promotes exactly what LBJ said ... and he has gullible cult like followers who fit the mold.
President Lyndon B. Johnson once said, "If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you."
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This is why Trump promote so much vile and divisiveness, because he knows these types that cater to him, because they fit exactly into the mold that LBJ spoke of more than 56 yrs ago.
 
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Luther said:
Trump had Father time on his side

So in other words, the further you get away from the "Great Recession", the better you'll be

You can figure out the rest
Click to expand...

Don't bother, all this **** about Obama's economy has been debunked enough times. Obama needs to STFU and disappear, he had his turn and failed.
 
SouthernDemocrat said:
Federal fiscal policy has very little to do with the economy.

We had a very aggressive reaction in both the latter days of the Bush Administration and early in the Obama Administration to the Financial Crisis, and thus we came out of it faster than our peer nations. However, since then, GDP growth has been anemic under both Obama and Trump.

View attachment 67274007
Click to expand...

Yes, growth has slowed but we've straightened the peaks and valleys. I think most would agree that stability is beneficial to growth.
 
TomFitz said:
“Federal fiscal policy has very little to do with the economy”??????

That sounds a lot like “deficits don’t matter”!
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Obviously deficits don't matter in regards to economic growth. Are you telling me that anyone gets up in the morning and thinks "I was going to buy that new truck this morning, but since a Republican won, I decided against it." or "I decided that since a Democrat won, I am going to hire 50 new workers." or "I got a tax cut, so I am going to increase raises this year."

These things don't happen. It is why Trump, a profoundly ignorant clown, has the same levels of GDP growth under him as his predecessor. The economy does what it will do regardless. You have to get all to the local level before government (other than monetary policy) has a big effect on economic growth.
 
Michael Cole said:
Yes, growth has slowed but we've straightened the peaks and valleys. I think most would agree that stability is beneficial to growth.
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I can't imagine anyone would not take the economy we had in the 90s with it's consistently strong GDP growth, very high labor force participation rates, and consistent median income growth, over the economy we have had the last 10 years.
 
American said:
Don't bother, all this **** about Obama's economy has been debunked enough times. Obama needs to STFU and disappear, he had his turn and failed.
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GDP growth since Trump took office is on the same trajectory it was during the Obama years, both of them with consistent anemic GDP growth, so by your definition, they both failed and both need to "STFU and disappear".
 
TomFitz said:
“Federal fiscal policy has very little to do with the economy”??????

That sounds a lot like “deficits don’t matter”!
Click to expand...

Well, kinda, but not really.

Economic actors adjust to whatever policy is thrown at them, quite quickly nowadays. It is these actors that truly control the economy. Indeed, the 2008 crisis was not a result of fiscal policy. Failed oversight by Congress, yes, but not fiscal policy.

Deficits don't matter if they're a result of fiscal stimulus, but deficits during a strong economy are senseless, and possibly leave us vulnerable to a drastic correction.

What Cheney said was a talking point. Not worth much discussion.
 
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SouthernDemocrat said:
GDP growth since Trump took office is on the same trajectory it was during the Obama years, both of them with consistent anemic GDP growth, so by your definition, they both failed and both need to "STFU and disappear".
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Sure it is, only averaging about twice as much. Generally Obama's average less than 2%.
 
SouthernDemocrat said:
I can't imagine anyone would not take the economy we had in the 90s with it's consistently strong GDP growth, very high labor force participation rates, and consistent median income growth, over the economy we have had the last 10 years.
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Agreed, but as the '90's saw the beginning of the tech boom, I'm not sure it's a fair comparison to today. One thing the '90s showed us is that we can increase taxes and still experience a vibrant growing economy. Again, I don't know how that would play out today. If Trump loses we will find out.
 
Captain Adverse said:
Perhaps, but whenever I hear this kind of argument I wonder when can a Presidential Administration actually get credit for economic (or other) improvements?

IMO, such an argument can be extended ad infinitum.

For example, the USA went through it's greatest economic crisis during the "Great Depression." That it took three terms in office by Franklin D. Roosevelt and WWII to get us out of it. One could argue that Roosevelt is actually responsible for all American economic recovery after his Administration, if one uses the Obama argument.

Trump has taken a number of steps which can be directly tied to economic improvement. Meanwhile, how many times since 2017 have we heard how his actions were leading to a new "recession" only to find the opposite turned out to be true?

The question remains...at what point can a new Administration get credit for a good economy?
Click to expand...

When their efforts cause a definitive change in the arc of the economy.

Last I looked we're just still following the same trend line that started when the recession ended.

There was no "trump bump" in the indicators last time somebody posted graphs.
 
SouthernDemocrat said:
GDP growth since Trump took office is on the same trajectory it was during the Obama years, both of them with consistent anemic GDP growth, so by your definition, they both failed and both need to "STFU and disappear".
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Unemployment and SNAP usage are down, while workers' wages are up (now under Trump). Trying to assert that the Obama "stimulus" (high deficit spending) from 10 years ago, is finally paying off is pure BS. What might be a better argument, is that the increasing federal deficit spending under Trump (and which started during Obama's last two years in office) is helping to maintain GDP growth.
 
American said:
Don't bother, all this **** about Obama's economy has been debunked enough times. Obama needs to STFU and disappear, he had his turn and failed.
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Oh “American” you do make me laugh. Your “nuh uh’s” have debunked nothing.
 
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