Obama Boom

CriticalThought · Dec 2, 2016

NEW YORK — On the campaign trail, Donald Trump repeatedly described the U.S. economy as a hollowed-out disaster of high unemployment and stagnant growth.

But the latest numbers show the president-elect will in fact inherit a fairly robust economy with the lowest jobless rate in nearly a decade, record home and stock prices and a healthy growth rate.

I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.

joG · Dec 2, 2016

CriticalThought said:
Trump inherits Obama boom - POLITICO

I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.

Oh yeah. The economy is bubbling better than the EU one, but not enough to fend off Trump. "It's the economy stupid!" as the man said.

reinoe · Dec 2, 2016

CriticalThought said:
Trump inherits Obama boom - POLITICO

I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.

With the prospect of a Hillary election the economy started to nosedive, but once Trump won the election the stock market took off like a rocket. Obama should be thankful that he got the Trump economic boom.

While Obama was dithering on the MSM whining about how he lost the election because of Fox News, Trump went out there and saved American jobs at Carrier.

CriticalThought · Dec 2, 2016

reinoe said:
With the prospect of a Hillary election the economy started to nosedive, but once Trump won the election the stock market took off like a rocket. Obama should be thankful that he got the Trump economic boom.

While Obama was dithering on the MSM whining about how he lost the election because of Fox News, Trump went out there and saved American jobs at Carrier.

Wow, that was the dumbest thing I have read all day. Trump was elected not even a month ago and you are somehow trying to give him credit? How the hell does that even make sense?

He "saved" 1000 jobs by paying a profitable company $7 million in tax payer money not to leave. Ask yourself if Obama had done that how you would have reacted.

TurtleDude · Dec 2, 2016

CriticalThought said:
Trump inherits Obama boom - POLITICO

I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.

interesting libertarian perspective-especially given the disaster of the Obama care nonsense and the fact that the real unemployment rate has been an abomination for 8 years

Kushinator · Dec 2, 2016

reinoe said:
With the prospect of a Hillary election the economy started to nosedive

You made this up.

but once Trump won the election the stock market took off like a rocket. Obama should be thankful that he got the Trump economic boom.

The stock market (S&P 500) is up 243% during the Obama administration. Since the election, it is up 2.3%. It is interesting to see the stock market is the basis of economic activity. If that is the case, you should be singing the praises of the Obama administration... but for some reason, i don't find you logically consistent.

While Obama was dithering on the MSM whining about how he lost the election because of Fox News, Trump went out there and saved American jobs at Carrier.

Wow! 1000 jobs were not moved to Mexico (1000 will be moved FWIW). Since January, 2009, when the labor market was in in decline of over 600k jobs per month, daily job creation is about 3800/day. If we consider when the labor market bottomed, Feburary 2010, job creation has averaged roughly 6100 per day.

:lol:

Kushinator · Dec 2, 2016

TurtleDude said:
interesting libertarian perspective-especially given the disaster of the Obama care nonsense and the fact that the real unemployment rate has been an abomination for 8 years

The real unemployment rate is whatever figure the partisan right can use to paint the Obama administration in the worst possible light. Not only is your comment devoid of fact, but ignores the fact that the Great Recession was in effect before Obama was elected POTUS.

Remember when then Secretary of Treasury Hank Paulson got down on his knees to beg Democrats to push the TARP authorization because it faced such stiff Republican opposition?

Fishking · Dec 2, 2016

CriticalThought said:
Trump inherits Obama boom - POLITICO

I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.

Rofl..."the Obama boom". That's hilarious. Who out there is feeling this so-called "boom"? The shrinking middle class? The under-employed people? The lowest job participation rate in 30 years (that no longer count as unemployed)? The lower-paying job workers? All those people super excited to be working at McDs, amiright?!?!

http://www.nytimes.com/2014/04/28/b...low-wage-jobs-than-better-paid-ones.html?_r=0

WASHINGTON — The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

I mean, what's Trump going to do with all this awesome economic stuff going on?

MrPeanut · Dec 2, 2016

CriticalThought said:
Wow, that was the dumbest thing I have read all day. Trump was elected not even a month ago and you are somehow trying to give him credit? How the hell does that even make sense?

He "saved" 1000 jobs by paying a profitable company $7 million in tax payer money not to leave. Ask yourself if Obama had done that how you would have reacted.

We are going to see this a lot in the next few years. Assuming the economy continues to grow it will become a talking point for Trump during his re-election. People are going to forget about him inheriting an improving economy.

Fishking · Dec 2, 2016

Kushinator said:
The real unemployment rate is whatever figure the partisan right can use to paint the Obama administration in the worst possible light. Not only is your comment devoid of fact, but ignores the fact that the Great Recession was in effect before Obama was elected POTUS.

Remember when then Secretary of Treasury Hank Paulson got down on his knees to beg Democrats to push the TARP authorization because it faced such stiff Republican opposition?

Yeah...I remember Republicans trying to reign in the housing market for years, only to be rebuffed by Democrats and told it's fine all the way up until the crash.

TurtleDude · Dec 2, 2016

Kushinator said:
The real unemployment rate is whatever figure the partisan right can use to paint the Obama administration in the worst possible light. Not only is your comment devoid of fact, but ignores the fact that the Great Recession was in effect before Obama was elected POTUS.

Remember when then Secretary of Treasury Hank Paulson got down on his knees to beg Democrats to push the TARP authorization because it faced such stiff Republican opposition?

cool story bro-the usual leftwing nonsense we've come to expect.

TurtleDude · Dec 2, 2016

Fishking said:
Yeah...I remember Republicans trying to reign in the housing market for years, only to be rebuffed by Democrats and told it's fine all the way up until the crash.

The SHTF when the Democrat party took control of the congress. and yes, the housing market was screwed up when Democrats demanded banks give loans to obvious deadbeats who weren't going to pay the mortgages

Kushinator · Dec 2, 2016

Fishking said:
The lowest job participation rate in 30 years (that no longer count as unemployed)?

When did those who are not in the labor force ever count as unemployed? Now would be a good time to go back and review what unemployment actually means and how it is calculated.

The lower-paying job workers?

Job workers huh? :lol:

All those people super excited to be working at McDs, amiright?!?!

In fact, real wages of production and non-supervisory employees is the highest it has been since 1979.

I mean, what's Trump going to do with all this awesome economic stuff going on?

An article from April 28, 2014?

:lol:

Kushinator · Dec 2, 2016

TurtleDude said:
cool story bro-the usual leftwing nonsense we've come to expect.

As expected, you lack the ability to refute my statement.

Kushinator · Dec 2, 2016

Fishking said:
Yeah...I remember Republicans trying to reign in the housing market for years, only to be rebuffed by Democrats and told it's fine all the way up until the crash.

You are mistaken. Of course, you haven't even began to support such a desperate argument.

TurtleDude · Dec 2, 2016

Kushinator said:
As expected, you lack the ability to refute my statement.

you uttered an OPINION which oozed bias and contained no proof. SOP for your posts

mike2810 · Dec 2, 2016

CriticalThought said:
Trump inherits Obama boom - POLITICO

I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.

What rate increase by the Fed? Seems all the Fed does is talk about raising rates. Maybe the first of the year? Your post makes it sound like interest rates have been increased by the Feds many times.

Kushinator · Dec 2, 2016

TurtleDude said:
The SHTF when the Democrat party took control of the congress. and yes, the housing market was screwed up when Democrats demanded banks give loans to obvious deadbeats who weren't going to pay the mortgages

Either you are a liar, or you are not informed enough to know this is totally false. I am betting on the latter.

TurtleDude · Dec 2, 2016

Kushinator said:
Either you are a liar, or you are not informed enough to know this is totally false. I am betting on the latter.

yawn, your posts are a one trick pony bit-you cite all sorts of "figures" and pretend that it supports your opinions that are often philosophically left wing statist nonsense

Kushinator · Dec 2, 2016

TurtleDude said:
you uttered an OPINION which oozed bias and contained no proof. SOP for your posts

It wasn't opinion. The GR began in Dec 2007, became intense in September 2008, and continued to exert downward pressure on the labor force until February 2010.

^Fact

The nonsense you respond with is rather embarrassing.

Kushinator · Dec 2, 2016

TurtleDude said:
yawn, your posts are a one trick pony bit-you cite all sorts of "figures" and pretend that it supports your opinions that are often philosophically left wing statist nonsense

The weakness is strong with you. Typical from someone who has an argument that cannot be supported with data.

TurtleDude · Dec 2, 2016

Kushinator said:
The weakness is strong with you. Typical from someone who has an argument that cannot be supported with data.

try your nonsense on someone who hasn't seen it for ten years now. you cannot support your constant Obama fluffery with figures. You try to do that but in the end, its just an opinion. For example, dismissing the fact that the real unemployment rate is far worse than the crap the Obama administration peddled to us that did not include the fact that it did not take into account millions who stopped looking for work or went from full time employment with benefits to 2-3 part time jobs.

your tactics are akin to people who try to prove that the Hillary gun control schemes would make us safer by constantly ranting that the USA has higher homicide rates than say Japan. The numbers are true but they don't prove what they are offered in support of

Fishking · Dec 2, 2016

Kushinator said:
When did those who are not in the labor force ever count as unemployed? Now would be a good time to go back and review what unemployment actually means and how it is calculated.

Sure, but that doesn't change the reality of the matter that the participation rate is at the lowest in decades, which is an economic indicator.

In fact, real wages of production and non-supervisory employees is the highest it has been since 1979.

article from April 28, 2014?

:lol:

Remember when Trump saved jobs before he was even President when Obama, who is the President, couldn't do it? Yeah, good times. Also, part of wages going up is various states passing laws that increase the minimum wage by a significant margin. You going to give Obama credit for what state legislators pass now? Further, working a minimum wage job is still a minimum wage job, even if the hourly wage goes up a little bit, and these are the types of jobs that were added.

Fishking · Dec 2, 2016

Kushinator said:
You are mistaken. Of course, you haven't even began to support such a desperate argument.

So you're saying that Republicans didn't try to address what they considered a troubling housing market and the Democrats didn't rebuff them and say it was OK? I just want to get this straight.

Kushinator · Dec 2, 2016

TurtleDude said:
try your nonsense on someone who hasn't seen it for ten years now.

Nonsense? Nothing i have stated is debatable.

you cannot support your constant Obama fluffery with figures.

You must be mistaken.

You try to do that but in the end, its just an opinion. For example, dismissing the fact that the real unemployment rate is far worse than the crap the Obama administration peddled to us that did not include the fact that it did not take into account millions who stopped looking for work or went from full time employment with benefits to 2-3 part time jobs.

Real unemployment? The way the unemployment rate is calculated has not changed since 1994, and even then, the data has been revised prior to account for these changes. That Obama was elected POTUS, we must change the measurement of unemployment in an attempt to diminish his presidency. But go ahead, post the real unemployment rate. :lol:

your tactics are akin to people who try to prove that the Hillary gun control schemes would make us safer by constantly ranting that the USA has higher homicide rates than say Japan. The numbers are true but they don't prove what they are offered in support of

Look, when it comes to topics regarding political economy and finance, you are greatly outgunned....

Obama Boom

warrior of the wetlands

I'm not-low all the time

I'm not-low all the time

warrior of the wetlands

warrior of the wetlands

I'm not-low all the time

I'm not-low all the time

I'm not-low all the time

warrior of the wetlands

I'm not-low all the time

warrior of the wetlands

I'm not-low all the time

I'm not-low all the time

warrior of the wetlands

I'm not-low all the time