look closer - it goes almost flat in 2016; less tha .2% change across the year; contrasted by .6% in 2017 under trump.
the trend did not change, as I showed you. Sorry.
Yeah it did - here’s the details:
That's just wrong. The growth rate of the economy was slowing after the longest period of continuous growth in the countries modern history. djt's tax cuts to stimulate growth in a growing economy is stunningly backwards (and not Keynesian).
LOL, and the economy was treending up until it fell into recession - trends are ephimeral at best. Trump didn’t inherit the “trend” driven by a bounce-back from the recession, he inherited the economy in the state it was in on January 20 2017. AS I showed unemployment had leveled out and GDP for 2016 was a dismal 1.6%, even lower than Obama’s lifetime 2.3%.
thank you for proving my point. Nothing changed under trump. The trend continued on the same pace, until the pandemic hit.
Seriously? Numbers are not your strong suit, are they?
Did you even read the numbers you posted? Lol
Yep
Great, then you are aware that nothing changed under trump. Every economic metric remained on the same unchanging trend line from 2010-pandemic.
Sure, nothing but lower tax rates, fewer regulations, emphasis on producing our own energy. More jobs for POC, more job openings than candidates to fill them. Consumer and business optimism through the roof. Unemployment, which had been virtual flat through 2016 dropped 25% in Trump first three years, including record lows for women and POC.
Nope. All of the above were on the same trend line. Tax cuts for corporations and the richest 1% had no positive effect on the economy other than a single quarter mild sugar high. Then the deficit exploded, like it always does when republicans are in power.
You guys never get tired of posting meaningless charts, do you? I’ve already posted a chart focusing on the last YEAR of Obama’s term - the economic state Trump actually inherited. This chart does has one redeeming value however; Notice the peak value in 2020 - now draw a horizonal line back to intersect Obama’s “trend” - just eyeballing it looks like it took Obama well into 2015 - the next to last year of Obama’s term to match the employment Trump managed to attain WHILE FIGHTING A PANDEMIC. A similar chart of unemployment would show similar result: Trump’s echo took a gut punch and sprung back to lower UE to levels Obama took almost five years to attain. Considering Obama had no economic drag like stay at home orders or closing wide swaths of businesses and he had the natural rebound following the great depression I’d say Trump’s economics ran circles around Obama performance. Interesting Trump’s economy never had a job loss month until Biden won the election - I wonder why.Your logical fallacy is: Texas Sharpshooter
This comment purposefully ignores economic conditions of 2016, along with deficit reduction / end of QE.
All we need to do is look at the raw employment numbers and see how they grew:
We don't see a surge in employment growth... instead it's a continuation of a trend established long ago. Have you ever analyzed the history of employment growth leading up to a downturn? Of course not! It wouldn't even occur to someone of your knowledge base.
Fact: for every business cycle, employment grows at least in trend until recession. It doesn't matter if it's 2008, 2001, 1981, or 1948.
The performance of th economy shows that to be totally untrue. You’re just spew the ridiculous lies your cult leaders taught you.
A Wall of fragmented ridiculousness, mumbo-jumbo and LW mantras.You mean i have a propensity to back up my statements with fact? I understand it's a real inconvenience for your partisan narrative, but that's your fault.
The Texas sharpshooter fallacy.
A meaningless comment. For January 2009, employment fell by 784k as employment continued to decline well into 2010 (months after the recession was over). From February 2010 to December 2016, employment roles grew by more than 15 million at an average monthly rate of 224k.
You're comparing an economic downturn caused by market failure with one that stemmed from a failure to contain a virus. An honest and knowledgeable person would understand this fact and refrain from making such a ridiculous comparison. Trump's economy didn't deliver on anything he promised other than the wealthiest people paying less taxes. Real economic growth never went past 3%, which was the mantra of right-wing economic naysayers during the Obama administration. When the tax cuts failed to materialize the economic growth promised... this narrative was quietly abandoned to focus on stock market performance and the unemployment rate (which was deemed as fake by the GOP).
This is a lie. Obama had the greatest instance of economic drag since 1929.
The economy isn't sick... it's the people. In 2009, it was the economy that had become ill. Not mention non sequiturs, vapid excuses and silly slogans.
That's a delusion. You're so desperate to give Trump some kind of win you'll grasp at anything, in this case comparing market failure with government failure.
Here is a glaring example of someone who doesn't study the data, but has the audacity to make a matter-of-fact statement pertaining to this data.
A person who makes such a statement has earned ridicule.