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Economists Hilariously Over-Predicted Economic Growth Under Obama

zimmer

zimmer

Educating the Ignorant
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White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency,...

... blames this thread of (Keynesian) thinking for stunting growth that could have been a more vibrant recovery.


“For much of America this has been a long recession, not a long recovery... “Nearly every policy during the Obama years was anti-growth … If Mr. Trump is able to to shift those policies into reverse — especially by getting tax rates down, not up — 3 to 4 percent growth is easily achievable.”

Economists Hilariously Over-Predicted Growth | The Daily Caller
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After 8-years of failure, all the Demokrats need is for a stark contrast to be drawn between their failed ideas, and those of a freer market.

But, it's coming :)

Obama was good for a couple things:

1. Illustrating the incompetence of Socialists and their idiotic schemes.

2. Exposing the bias towards protecting Socialists by the media. The contrast to Trump is so stark, it would be funny if it weren't so twisted.
 
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"After 8-years of failure, all the Demokrats need is for a stark contrast to be drawn between their failed ideas, and those of a freer market." z #1
“... Reince Priebus, the Republican National Chairman today said that 300K jobs ... aught to be expected every month ... and just a historical perspective:
- during the 8 years of President Bush (younger) there were 2.1 million net jobs created in the United States. Of the 2.1 million, 1.8 million of them were in the public sector ... that means there were 300,000 jobs in the private sector in 8 months, in 8 years rather, net ...
more jobs have been created in the United States in the last 4 years than in Europe, Japan, all the industrialized modern world combined. ...
70 years since WWII. 36 years of Republican presidents, 34 years of Democratic presidents. In those 70 years, there were 36.7 million jobs created under Republican presidents ... a little over half the time. In 34 years there were 63.7 million created by Democrats. That's 29 million more. You know, perhaps it's an accident once, or twice or what. But I mean at some point the Democrats ought to be comfort in the fact that they have been better the economy and job creation than have been the opposition.
...
It's 15 years since we've had 10 consecutive months of over 200,000 [job growth]. Just 15 years ago there was a fella from Arkansas ... there were more jobs created in Bill Clinton's 8 years than there were in Ronald Reagan's 8 years, and the 12 years of both Bush's combined. I mean 6 million more jobs created in those 8 years, ... policy does kick in, & is reflected in the results.” Mark Shields
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The "failed ideas" comment in the lead may hint at the 2016 Trump election win. But before Republicans get too smug, let's not forget Trump actually lost the vote. So whose "failed ideas" are we talking about here?
"I am going to take care of everybody. I don't care if it costs me votes or not. Everybody's gunna be taken care of much better than they're taken care of now." Candidate Trump 15/09/27 to CBS Scott Pelly

"You're going to have such great healthcare at a tiny fraction of the cost." candidate Trump 16/10/25 from campaign podium
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Failed ideas indeed.
 
The take away is more dire: The so-called experts... the keepers of the engines, the charters of the course... have very little clue of what is going on.

For damn sure not enough to save us.

God help us what we used to say.
 
You expect economic literacy from the same political persuasion which produced Bernie Sanders?

Hahaha...HAHAHAHAHA
 
"You expect economic literacy from the same political persuasion which produced Bernie Sanders?" K #4
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a) The title mentions "Obama".
Obama is a Democrat.

b) Bernie Sanders is not a Democrat, so you're changing the subject.

c) I offer you a permanent invitation to cite 3 valid examples of Bernie Sanders economic illiteracy. But I think you won't, because you've resorted to ad hom, rather than logical / valid argumentation.

"Hahaha...HAHAHAHAHA"
 
zimmer said:
After 8-years of failure, all the Demokrats need is for a stark contrast to be drawn between their failed ideas, and those of a freer market.

But, it's coming :)

Obama was good for a couple things:

1. Illustrating the incompetence of Socialists and their idiotic schemes.

2. Exposing the bias towards protecting Socialists by the media. The contrast to Trump is so stark, it would be funny if it weren't so twisted.
Click to expand...


Trump is a moron get used to it
 
Oborosen said:
You cannot get as far as he has in life, by simply being a moron.
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You're right he is a sleazy scumbag that got set up in life by his daddy and a bunch of lawyers that managed his bankruptcies
 
katzgar said:
You're right he is a sleazy scumbag that got set up in life by his daddy and a bunch of lawyers that managed his bankruptcies
Click to expand...

You sure that isn't Bill's autobiography?
The sleazy bit fits far more than it would with Trump.
 
Oborosen said:
You sure that isn't Bill's autobiography?
The sleazy bit fits far more than it would with Trump.
Click to expand...


You're living in a pretend fake world first of all Clinton isn't President anymore I don't know if you knew that or not so Clinton doesn't matter. I don't think Clinton used illegal labor like Trump has I don't think Clinton has had as many bankruptcies As Trump has and there is nothing and I mean nothing sleazier than Trump pushing the birther thing. I know right Wingers are desperate to try and defend Trump but he's just a sleazebag, I mean come on even fake Time covers in his clubhouses Jesus Christ.
 
zimmer said:
After 8-years of failure, all the Demokrats need is for a stark contrast to be drawn between their failed ideas, and those of a freer market.

But, it's coming :)

Obama was good for a couple things:

1. Illustrating the incompetence of Socialists and their idiotic schemes.

2. Exposing the bias towards protecting Socialists by the media. The contrast to Trump is so stark, it would be funny if it weren't so twisted.
Click to expand...

*yawn*

1.) Obama is not a socialist. Keynesian economics is not socialism. So you're bigly wrong here.

2.) The media hated Bernie Sanders, an actual democratic socialist, and did everything to kill his campaign. That includes CNN, MSNBC, and all of the rest of the media that's ****ing hard on Trump right now. Seriously, how do you rectify this in your worldview, or is this all just doublethink?

3.) As has been pointed out, I'll reiterate that your source is not reliable. Like, at all.

4.) Obama had to deal with the recession created by George Bush's (and Bill Clinton's) adherence to neoliberal (i.e. supply-side) economics. And he didn't do nearly enough, I think, but your ideology is completely delusional if it leads you to think that apply even more supply-side economics to fix the dumpster fire started by it in the first place.

So even if we agree that Obama handled the financial collapse less well than he could have... Your suggestion that we could have had a better recovery with more neoliberal economic policies is so ridiculous, it honestly doesn't deserve a rebuttal.
 
Quote Originally Posted by katzgar View Post
"Trump is a moron get used to it"

"You cannot get as far as he has in life, by simply being a moron." Os #7
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Alright.
Fair enough.

"Moron" is an obsolete term, in its original sense; and has lapsed into a more generally derisive term.

Meticulous truth telling reveals the picture.

The New York Times for example reported on Trump's unprecedented dishonesty record.
And that information has been corroborated.
President Trump's Lies, the Definitive List - The New York Times
President Trump?s Lies, the Definitive List - The New York Times

4 days ago ... We have catalogued nearly every outright lie the president has told ... Many Americans have become accustomed to President Trump's lies.
Calling Comey a Liar, Trump Says He Will Testify Under Oath - The ...
Calling Comey a Liar, Trump Says He Will Testify Under Oath - The New York Times

Jun 9, 2017 ... President Trump on Friday accused James B. Comey, the former F.B.I. director, of making ... Photo by Al Drago/The New York Times. ... B. Comey, the fired F.B.I. director, of lying under oath to Congress, saying he would gladly ...
Comey Testimony: Highlights of the Hearing - The New York Times
Comey Testimony: Highlights of the Hearing - The New York Times

Jun 8, 2017 ... James Comey said the Trump administration lied about his standing at the F.B.I. and President Trump's conduct fell within “the scope of” the ...
New York Times used a full page to print Trump's lies since taking ...
New York Times used a full page to print Trump's lies since taking office - Business Insider

2 days ago ... The New York Times used a full page in the opinion section of Sunday's paper to print what it described as nearly every lie President Donald ...
Comey Bluntly Raises Possibility of Trump Obstruction and ...
Comey Bluntly Raises Possibility of Trump Obstruction and Condemns His ?Lies? - The New York Times

Jun 8, 2017 ... He said he had encouraged a friend to give The New York Times details ... Before firing Mr. Comey, Mr. Trump was dogged by the F.B.I. inquiry into his ... And he said Mr. Trump had lied — a word that is often soft-pedaled in ...
New York Times compiles list of Trump's 'lies', using a 'conservative ...
www.washingtonexaminer.com/new-york...using-a-conservative-standard/article/2626971

4 days ago ... New York Times compiles list of Trump's 'lies', using a 'conservative standard' ... What follows is a list of every lie Trump has told since the Jan.
Why Is the New York Times Lying about Trump? | NewBostonPost
newbostonpost.com/around-the-web/why-is-the-new-york-times-lying-about-trump

Around New England. Eugenics Sympathizer Up for Removal from Vermont Literary Award · Authorities Announce Rape at High School … Two Years After It ...
Every Lie Trump Has Told In Office, According To The New York Times
uproxx.com/news/donald-trump-lies-in-office

3 days ago ... The New York Times Made A Comprehensive List Of Every Blatant Lie ... Trump's presidency when he hasn't told a lie, according to a new ...
Trump blasts New York Times for 'big lie' behind Patriots pics | New ...
nypost.com/2017/04/20/trump-blasts-new-york-times-for-big-lie-behind-patriots-pics

Apr 20, 2017 ... President Trump on Thursday blasted the New York Times' "big lie" for posting contrasting photos of the crowd size at the Patriots Super Bowl ...
Trump Blasts NY Times for 'Big Lie' About Patriots' Visit to White ...
insider.foxnews.com/2017/04/20/new-england-patriots-donald-trump-fire-back-new-york-times-over-tweet
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The word "moron" may have technically been poorly chosen.

But it's quite clear that Trump is out of his depth, literally zero experience in elected office until now. And the U.S. is a bad choice for public service OJT.

Trump's own yammerings provide all the evidence we need; such as advocating nuclear proliferation in the Middle East.
And confessing that he thought being president would be easier.
The U.S. is laughing stock.

And the top news of the day on healthcare make that vividly clear. Reported this AM: Obamacare is much more popular than either Republican hc bill in congress.

Ironically, the Republicans have dug their own political graves on that, hammering insults against ACA / Obamacare, and vague platitudes about "great healthcare"
Republicans would provide with "repeal & replace", that would be "at a tiny fraction of the cost."

Lies, innuendo, and desperate boasts from the agendaless GOP.
 
Koke said:
You expect economic literacy from the same political persuasion which produced Bernie Sanders?

Hahaha...HAHAHAHAHA
Click to expand...

Yes. Why do you ask ? You expect economic literacy from the same persuasion which produced George W. Bush?
 
ataraxia said:
Yes. Why do you ask ? You expect economic literacy from the same persuasion which produced George W. Bush?
Click to expand...

His shtick worked quite well for the substantial people and no one else matters. Don't you wish there was some opposition to this economic approach in the "other" party? There will be no inflection point or change in this half century trajectory achieved by working with/with in the system. Both parties are the enemy of "the people" serving the extraction, redistribution and concentration of societal wealth into the hands of the substantial people. Both parties shat themselves over the resonance of Sander's ideas, which are in fact nothing new or radical. We should all go back abnd revisit the Powell Memorandum.
 
Republican demigod Ronald Reagan talked a great game.
Governor Reagan campaigned against President Carter criticizing Carter's deficit spending.

But once in the White House, not only did President Reagan accumulate more debt than Carter.
Reagan accumulated more debt than all the previous U.S. presidents before him, COMBINED!!

Hypocrite!
 
FieldTheorist said:
*yawn*

So even if we agree that Obama handled the financial collapse less well than he could have... Your suggestion that we could have had a better recovery with more neoliberal economic policies is so ridiculous, it honestly doesn't deserve a rebuttal.
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Great analysis...your mistake, however, is assuming Zim can understand any of this.
 
sear said:
Alright.
Fair enough.

"Moron" is an obsolete term, in its original sense; and has lapsed into a more generally derisive term.

Meticulous truth telling reveals the picture.

The New York Times for example reported on Trump's unprecedented dishonesty record.
And that information has been corroborated.

The word "moron" may have technically been poorly chosen.

But it's quite clear that Trump is out of his depth, literally zero experience in elected office until now. And the U.S. is a bad choice for public service OJT.

Trump's own yammerings provide all the evidence we need; such as advocating nuclear proliferation in the Middle East.
And confessing that he thought being president would be easier.
The U.S. is laughing stock.

And the top news of the day on healthcare make that vividly clear. Reported this AM: Obamacare is much more popular than either Republican hc bill in congress.

Ironically, the Republicans have dug their own political graves on that, hammering insults against ACA / Obamacare, and vague platitudes about "great healthcare"
Republicans would provide with "repeal & replace", that would be "at a tiny fraction of the cost."

Lies, innuendo, and desperate boasts from the agendaless GOP.
Click to expand...


The word moron is pretty general obviously but works. The biggest hole trump has dug is with the media. his attacks on the media are great with the deplorables but there arent enough of them to win the WH given a decent candidate from the dems. CNN polls are rising as they continue their attack on the moron in chief.
 
#17

The Reagan standard, that is to say, the Republican standard is: "are you better off ...?"

The most recent Republican to complete an 8 year presidential term was President Bush (younger).
When Bush took office, the nation was at peace, the economy was whole, and the nation was benefiting from the sustained prosperity of the Clinton administration.

8 years later the U.S. was at Wars. We'd already lost thousands to Bush's bungled policies, our economy was in shambles, we were losing hundreds of thousands of private sector jobs per week.

That is the scenario Democrat Obama was inaugurated into.

8 years later the U.S. was winding down our collective military combat commitments, civilian unemployment had been cut nearly in half, and we were as an economy and as a People on the mend.

So by the Reagan standard, Bush (R) ran roughshod over U.S.

and Obama (D) cleaned up Bush's messes.
 
PS
"The word moron is pretty general obviously but works." k #18
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But it addresses cognitive limitation.
It's dismally vague, even if true.

"Precision & clarity in the use of language leads to precision & clarity of thought." G. Gordon Liddy
"The biggest hole trump has dug is with the media." k #18
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Even if so, the irony there is Trump would in my opinion have lost the Republican primary if Trump hadn't gotten his $Billion $worth of $free publicity.

Whatever we may say about Trump's dismal inadequacies as CEO of the USA, Trump played the media like a violin for over a year.
Trump honesty
President Trump's Lies, the Definitive List - The New York Times
President Trump?s Lies, the Definitive List - The New York Times

4 days ago ... We have catalogued nearly every outright lie the president has told ... Many Americans have become accustomed to President Trump's lies.
Calling Comey a Liar, Trump Says He Will Testify Under Oath - The ...
Calling Comey a Liar, Trump Says He Will Testify Under Oath - The New York Times
Click to expand...
 
ataraxia said:
Yes. Why do you ask ? You expect economic literacy from the same persuasion which produced George W. Bush?
Click to expand...

Oh I never said the Republican Party has been literate (most especially recently) either.
Both have proven to be completely obsolete on the matter and whether you believe in in free market capitalism or equality of outcome socialism, it's unlikely you'd get either.
 
katzgar said:
You're living in a pretend fake world first of all Clinton isn't President anymore I don't know if you knew that or not so Clinton doesn't matter. I don't think Clinton used illegal labor like Trump has I don't think Clinton has had as many bankruptcies As Trump has and there is nothing and I mean nothing sleazier than Trump pushing the birther thing. I know right Wingers are desperate to try and defend Trump but he's just a sleazebag, I mean come on even fake Time covers in his clubhouses Jesus Christ.
Click to expand...

...You know the fake Time covers was a Troll right? I mean, I know you kids have a hard time understanding that, or noticing when that actually happens to you.. but come on... seriously?

And you talk about me living in a fake world, I know Clinton isn't president anymore, and I know that Clinton 2.o will not get that chance for some time. Though thanks to actually being a learned person, and finishing school. I do know that when bankruptcies are signed like that in business terms. It is a way to make a more profitable recuperation than the standard means. Then again, most people don't bother to actually learn that. Or to even learn that Trump wasn't the first to do that, nor will he be the last.

On the point of labor, yes he did use illegal labor, and not only that. He, and Hillary would decry most of them verbally. Which to make a issue about Hillary's own prejudice. Just because a person has dark skin, does not mean they are from Africa.

Also, if I had as much access to you're personal life as people have with his, what could I say of you?
Would I call you a sleazebag? Or a misogynist? ..Racist? or even (gasp) a Nazi?

Just because you hate someone, does not make what you refer to them as fact. He is an old man, with strange taste, and weird views on life. But as a president he is doing a rather bang up job, so at least have a little respect for others... you know, high road, and all. Or pretty soon people are just going to start seeing you as another whacky liberal, who blatantly mouths off without knowing a damn thing on what their talking about.

At least I can admit that Obama did some okay things, and started to screw up near the middle of his first term. Which is why I didn't vote for him the second time around.

The birth claim was rather a big deal back then so I will give you a pass. However it should be pointed out that at the time, Trump was just like you in that regard. He was poorly informed on the subject that he was debating, and therefore could only make guesses. Though I can say that it was a hard time for anyone to say it wasn't possible for Obama to be ineligible for the presidency. So much crap was going around with him not really being able to prove his citizenship in the first few months. People tended to shoot off at the mouth about anything to make speculations stick, and everyone was guilty of making **** up as they went along.

A president wrapped in scandal.. where have I heard this one before?
 
sear said:
Republican demigod Ronald Reagan talked a great game.
Governor Reagan campaigned against President Carter criticizing Carter's deficit spending.

But once in the White House, not only did President Reagan accumulate more debt than Carter.
Reagan accumulated more debt than all the previous U.S. presidents before him, COMBINED!!

Hypocrite!
Click to expand...

And GW Bush admired that so much he did the exact same thing, cut taxes on the rich and double our debt. His VP even famously said "Reagan proved deficits don't matter." And now Trump has the same plan too. What could go wrong?
 
Oborosen said:
...You know the fake Time covers was a Troll right? I mean, I know you kids have a hard time understanding that, or noticing when that actually happens to you.. but come on... seriously?

And you talk about me living in a fake world, I know Clinton isn't president anymore, and I know that Clinton 2.o will not get that chance for some time. Though thanks to actually being a learned person, and finishing school. I do know that when bankruptcies are signed like that in business terms. It is a way to make a more profitable recuperation than the standard means. Then again, most people don't bother to actually learn that. Or to even learn that Trump wasn't the first to do that, nor will he be the last.

On the point of labor, yes he did use illegal labor, and not only that. He, and Hillary would decry most of them verbally. Which to make a issue about Hillary's own prejudice. Just because a person has dark skin, does not mean they are from Africa.

Also, if I had as much access to you're personal life as people have with his, what could I say of you?
Would I call you a sleazebag? Or a misogynist? ..Racist? or even (gasp) a Nazi?

Just because you hate someone, does not make what you refer to them as fact. He is an old man, with strange taste, and weird views on life. But as a president he is doing a rather bang up job, so at least have a little respect for others... you know, high road, and all. Or pretty soon people are just going to start seeing you as another whacky liberal, who blatantly mouths off without knowing a damn thing on what their talking about.

At least I can admit that Obama did some okay things, and started to screw up near the middle of his first term. Which is why I didn't vote for him the second time around.

The birth claim was rather a big deal back then so I will give you a pass. However it should be pointed out that at the time, Trump was just like you in that regard. He was poorly informed on the subject that he was debating, and therefore could only make guesses. Though I can say that it was a hard time for anyone to say it wasn't possible for Obama to be ineligible for the presidency. So much crap was going around with him not really being able to prove his citizenship in the first few months. People tended to shoot off at the mouth about anything to make speculations stick, and everyone was guilty of making **** up as they went along.

A president wrapped in scandal.. where have I heard this one before?
Click to expand...

That's a pretty long posts just to try and defend the scumbag. Sad. As regards the birther thing the elections Commission accepted Obama's candidacy so there is plenty of evidence all Trump was doing was a pattern pandering to you low education types. Bringing up Clinton is pointless she lost it it was in all the papers. Trying to defend Trump is a lost cause he just gets sleazier by the day.
 
I've noticed Zimmer actively posts anti-democrat threads, but never really bothers to respond to any of the people who refute his arguments.

Why ?
 
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