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The economy Trump REALLY inherited.

Bullseye

Bullseye

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Trapped in a tsunami of continual great economic news which even the most Stallworth of prog/lib can't ignore the left has now embraced the mindset of "Trump didn't built that!" and "he inherited it from Obama". Well, no, not really. Let's look at the real story:

A recent New York Times story says it all: "An Economic Upturn Begun Under Obama Is Now Trump's To Tout."
The article begins by admitting that "by nearly every standard measure, the American economy is doing well," then spends the next 1,400 words arguing that the current good times have nothing to do with Trump's economic agenda.
The economy, reporter Patricia Cohen declares, "is following the upward trajectory begun under President Barack Obama."
Click to expand...
:So let's look at that "upward trajectory

We seem to recall that the economy was stagnating in 2016 after the weakest recovery from a recession since the Great Depression.
In fact, The New York Times itself described Obama's economy this way in August 2016: "For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."
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Predictions on what Trump would face weren't rosy:

There were other signs of stagnation as well. Stocks had flatlined in 2016, with major indexes down slightly. Real median household income dropped that year, according to Sentier Research.
Growth had been so worrisomely slow throughout Obama's two terms in office that journalists started warning about "secular stagnation." They said the country was in a period of long, sustained, slow growth resulting from slow population and productivity growth.
In August 2016, the Times declared that "the underlying reality of low growth will haunt whoever wins the White House."
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And the media's general outlook sucked:
The next month, CBS News reported that "with U.S. economic growth stuck in low gear for several years, it's leading many economists to worry that the country has entered a prolonged period where any expansion will be weaker than it has been in the past."
In short, there was no upward trajectory to the economy on anyone's radar when Trump took office
Click to expand...
 
Bullseye said:
Trapped in a tsunami of continual great economic news which even the most Stallworth of prog/lib can't ignore the left has now embraced the mindset of "Trump didn't built that!" and "he inherited it from Obama". Well, no, not really. Let's look at the real story:

:So let's look at that "upward trajectory





Predictions on what Trump would face weren't rosy:
Click to expand...
[/QUOTE]

Just how is the Trump stock market doing these days/ Its been terrible since the beginning of the year- 8 months!
 
Which Stallworth are we referencing? :doh
 
Bullseye said:
"the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years"
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You realize this is specifically saying that growth was higher for the previous five years. All five years that Obama was in office.

Bullseye said:
Predictions on what Trump would face weren't rosy:

And the media's general outlook sucked:
Click to expand...

Ummm... yeah, all those things are still true. Growth is still below the average that we've seen over the last 50 years or so. That's caused by slowed population growth just as your article said, and Trump has done nothing to change that. The economy is still doing just fine. There has been no significant change in the economic trajectory that can be directly attributed to anything that Trump has done with the exception all the jobs clearly being lost thanks to his trade war.

Imagine how much better our economy could be doing without this idiotic trade war. We could be running a surplus right now without the stupid tax cuts and still be doing very well.
 
Floridafan said:
Just how is the Trump stock market doing these days/ Its been terrible since the beginning of the year- 8 months!
Click to expand...
Stock markets go up and down for a lot of reasons - some rational, some irrational - but when I checked a few minutes ago it was within 5% of an all-time high and almost 6000 points higher - or 30% - that Obama's highest mark.
 
Bullseye said:
Trapped in a tsunami of continual great economic news which even the most Stallworth of prog/lib can't ignore the left has now embraced the mindset of "Trump didn't built that!" and "he inherited it from Obama". Well, no, not really. Let's look at the real story:

:So let's look at that "upward trajectory



Predictions on what Trump would face weren't rosy:


And the media's general outlook sucked:
Click to expand...

Yup. He's been pulling numbers out of this air and his posterior.

https://apnews.com/2fab5cc446fa49ec9eb44fd1d6220dfc
 
MrWonka said:
You realize this is specifically saying that growth was higher for the previous five years. All five years that Obama was in office.
Click to expand...
Point is that AT THE TIME TRUMP TOOK OVER things Weren't booming and surging upward as you guys love to blather.
.

MrWonka said:
Ummm... yeah, all those things are still true. Growth is still below the average that we've seen over the last 50 years or so. That's caused by slowed population growth just as your article said, and Trump has done nothing to change that.
Click to expand...
Uh, that mention of population was referencing one of you guys excuses for Obama's piss-poor performance.


MrWonka said:
The economy is still doing just fine. There has been no significant change in the economic trajectory that can be directly attributed to anything that Trump has done with the exception all the jobs clearly being lost thanks to his trade war.
Click to expand...
Obama had eight years including the first two with a virtual carte blanche and after those eight years, as the article says the economy was ****. "No significant economic trajectory change"? Seriously. Look at DJIA from the day after Trump won. Job openings at 17 year high. Consumer and business confidence off the hook.
MrWonka said:
Imagine how much better our economy could be doing without this idiotic trade war. We could be running a surplus right now without the stupid tax cuts and still be doing very well.
Click to expand...
You're not really in close touch with reality are you?

Your creativity and desperate efforts to defend Obama his hilarious but sad at the same time.
 
Last edited:
Bullseye said:
These aren't his numbers. In fact, their sources are the very ones you and your cohort used to talk up Obama's "accomplishments".
Click to expand...

Yawn. I guess you're incapable of reading the link.

And I have no cohort. You seem rather paranoid.

Bummer.
 
Bullseye said:
Stock markets go up and down for a lot of reasons - some rational, some irrational - but when I checked a few minutes ago it was within 5% of an all-time high and almost 6000 points higher - or 30% - that Obama's highest mark.
Click to expand...

Maybe you need to check again, it is about 1500 points less than its high water mark in January. For 8 months the market is down.
Lets look at this as a baseball game, it not over until the 9th inning ends. Obamas 9 th inning left him with a 12,000 point increase in the Dow. As to trump, we are in something close to the 3rd inning. Much can happen, you do remember all the Republicans telling us in 2003-2004 just how great the Bush market was, and look where he ended. In the toilet.
 
Tanngrisnir said:
Yawn. I guess you're incapable of reading the link.

And I have no cohort. You seem rather paranoid.

Bummer.
Click to expand...
When you got no reasonable rebuttal use insults and condescension. Typical Prog poop.
 
Bullseye said:
Trapped in a tsunami of continual great economic news which even the most Stallworth of prog/lib can't ignore the left has now embraced the mindset of "Trump didn't built that!" and "he inherited it from Obama". Well, no, not really. Let's look at the real story:

:So let's look at that "upward trajectory



Predictions on what Trump would face weren't rosy:


And the media's general outlook sucked:
Click to expand...

I'm never clear why the number of jobs created is never discussed.
Why has the job creation in trumps first year the worst in 6?
And 2017<2016<2015?
All this 4% bragging is useless, except for the filthy rich like me
 
Floridafan said:
Maybe you need to check again, it is about 1500 points less than its high water mark in January. For 8 months the market is down.
Lets look at this as a baseball game, it not over until the 9th inning ends. Obamas 9 th inning left him with a 12,000 point increase in the Dow. As to trump, we are in something close to the 3rd inning. Much can happen, you do remember all the Republicans telling us in 2003-2004 just how great the Bush market was, and look where he ended. In the toilet.
Click to expand...

And > 1/2 the pop don't even know what a stock is
 
Bullseye said:
Trapped in a tsunami of continual great economic news which even the most Stallworth of prog/lib can't ignore the left has now embraced the mindset of "Trump didn't built that!" and "he inherited it from Obama". Well, no, not really. Let's look at the real story:

:So let's look at that "upward trajectory



Predictions on what Trump would face weren't rosy:


And the media's general outlook sucked:
Click to expand...

Yes, the economy had gotten gradually better with Obama but it had leveled off, and the predictions were that it wasn't going to do nearly as well as it did under Trump. GDP wasn't supposed to exceed 2.5% and unemployment wasn't expected to get as low as it has, especially for blacks and Latinos.

Tax cuts, cuts in regulations, and a generally positive attitude toward business has helped the economy a lot.
 
Bullseye said:
When you got no reasonable rebuttal use insults and condescension. Typical Prog poop.
Click to expand...

Zzzz... Did Trump or did Trump not say the things attributed to him in the link?

Were they or were they not accurate?

This seems to be inordinately difficult for you when it shouldn't be.
 
Floridafan said:
Maybe you need to check again, it is about 1500 points less than its high water mark in January. For 8 months the market is down.
Click to expand...
As I said the market goes up and down. The day after Trump was elected the Dow was at 16,000 and change.



Floridafan said:
Lets look at this as a baseball game, it not over until the 9th inning ends. Obamas 9 th inning left him with a 12,000 point increase in the Dow. As to trump, we are in something close to the 3rd inning. Much can happen, you do remember all the Republicans telling us in 2003-2004 just how great the Bush market was, and look where he ended. In the toilet.
Click to expand...
LOL, Obama started at the bottom of a crash. By your argument Trump took a wonderfully performing market and drove it up over 30% in a year and a half. As my link says, in reality the market was stagnant in 2016 - even slightly down. As soon as Trump was elect - investors didn't even WAIT until he took office - the market turned up and began behaving like a market in a growing economy - including minor corrections. And no the market isn't a baseball game - if it were Obama would have been yanked much earlier for a reliever.
 
Bullseye said:
As I said the market goes up and down. The day after Trump was elected the Dow was at 16,000 and change.



LOL, Obama started at the bottom of a crash. By your argument Trump took a wonderfully performing market and drove it up over 30% in a year and a half. As my link says, in reality the market was stagnant in 2016 - even slightly down. As soon as Trump was elect - investors didn't even WAIT until he took office - the market turned up and began behaving like a market in a growing economy - including minor corrections. And no the market isn't a baseball game - if it were Obama would have been yanked much earlier for a reliever.
Click to expand...

You won't even give Obama credit for a 12,000 point increase in the market, and as to the economy, if you want to look at job creation, Obama did better also
 
Floridafan said:
Maybe you need to check again, it is about 1500 points less than its high water mark in January. For 8 months the market is down.
Lets look at this as a baseball game, it not over until the 9th inning ends. Obamas 9 th inning left him with a 12,000 point increase in the Dow. As to trump, we are in something close to the 3rd inning. Much can happen, you do remember all the Republicans telling us in 2003-2004 just how great the Bush market was, and look where he ended. In the toilet.
Click to expand...

There is something in the liberal drinking water that forces you and others to try to defend the indefensible and prop up failure totally ignoring the official data and buying everything you are told but only from people you want to believe. Please tell us why there is such loyalty to liberalism and an inability to celebrate successes or change your mind regarding the liberal ideology? Bush didn't tank the Economy and Obama didn't bail us out but misconceptions and biased partisan rhetoric. Obama did participate in the worst recovery from a recession in modern history which of course is ignored as is all federal official data.

The public is starting to get it and realizing the lies promoted by the radical left. Why would you let the radical left make you look foolish

https://www.cnbc.com/2018/06/25/majority-of-americans-approve-of-trumps-handling-of-the-economy.html
 
Floridafan said:
You won't even give Obama credit for a 12,000 point increase in the market, and as to the economy, if you want to look at job creation, Obama did better also
Click to expand...

See, here is your problem, the stock market in 2007 was over 14,000 which you seem to want to ignore and also ignore who was in charge of Congress thus having control of the purse strings and legislative programs. Seems the left wanted the WH more than helping the American people yet you remain loyal. Cherry picking data is what you and the radical left does as you totally ignore the policies implemented and pick a point in time you want to compare.

You ignore for example the 14000 stock market in 2007, you ignore the 146 million Americans employed in January 2008, you ignore the 4800 part time employees for economic reasons and the 9.2% U-6, and more importantly you ignore that it was the Obama budget for 2009 and the Obama stimulus passed almost day one by the Democratic Congress that took employment down 3 million from when he took office.

This is why the left has zero credibility so again the question is why such loyalty and why are you allowing the left to manipulate you and make you look foolish
 
Conservative said:
There is something in the liberal drinking water that forces you and others to try to defend the indefensible and prop up failure totally ignoring the official data and buying everything you are told but only from people you want to believe. Please tell us why there is such loyalty to liberalism and an inability to celebrate successes or change your mind regarding the liberal ideology? Bush didn't tank the Economy and Obama didn't bail us out but misconceptions and biased partisan rhetoric. Obama did participate in the worst recovery from a recession in modern history which of course is ignored as is all federal official data.

The public is starting to get it and realizing the lies promoted by the radical left. Why would you let the radical left make you look foolish

https://www.cnbc.com/2018/06/25/majority-of-americans-approve-of-trumps-handling-of-the-economy.html
Click to expand...

51% approval back in June, I wonder what it is today. At least there is something Trump has done that has majority approval. It sure isn't his Presidency as a whole.
 
Conservative said:
See, here is your problem, the stock market in 2007 was over 14,000 which you seem to want to ignore and also ignore who was in charge of Congress thus having control of the purse strings and legislative programs. Seems the left wanted the WH more than helping the American people yet you remain loyal. Cherry picking data is what you and the radical left does as you totally ignore the policies implemented and pick a point in time you want to compare.

You ignore for example the 14000 stock market in 2007, you ignore the 146 million Americans employed in January 2008, you ignore the 4800 part time employees for economic reasons and the 9.2% U-6, and more importantly you ignore that it was the Obama budget for 2009 and the Obama stimulus passed almost day one by the Democratic Congress that took employment down 3 million from when he took office.

This is why the left has zero credibility so again the question is why such loyalty and why are you allowing the left to manipulate you and make you look foolish
Click to expand...

Speaking of cherry picking, what was the market shortly after Obama took office, when the worst of the Bush depression was at hand?
 
Bullseye said:
Point is that AT THE TIME TRUMP TOOK OVER things Weren't booming and surging upward as you guys love to blather.
.

Uh, that mention of population was referencing one of you guys excuses for Obama's piss-poor performance.


Obama had eight years including the first two with a virtual carte blanche and after those eight years, as the article says the economy was ****. "No significant economic trajectory change"? Seriously. Look at DJIA from the day after Trump won. Job openings at 17 year high. Consumer and business confidence off the hook.
You're not really in close touch with reality are you?

Your creativity and desperate efforts to defend Obama his hilarious but sad at the same time.
Click to expand...

Obama inherited losing 750000 a month.
Gradual looking data to me
https://data.bls.gov/timeseries/CES0000000001?output_view=net_
 
Floridafan said:
51% approval back in June, I wonder what it is today. At least there is something Trump has done that has majority approval. It sure isn't his Presidency as a whole.
Click to expand...

I rest my case, you simply cannot celebrate success or even recognize it without partisan rhetoric. It does appear that regardless of what Trump does or the results generated he is never going to get a fair shot by anyone from the left including you. What seems to matter to far too many is rhetoric and diversion from the results

From the article. It is great seeing that not all Democrats are partisan to a fault and do recognize successes

The president’s economic approval numbers come with some support from Democrats, said Jay Campbell with Hart Research Associates, the Democratic pollster for the survey. “There is component of Democratic base that’s willing to acknowledge the improving economy and willing to give Trump a certain amount of credit for it,’’ Campbell said. “A large number still disapprove of Trump on the economy but 30 percent of Democrats is not nothing.”
Click to expand...
 
Floridafan said:
Speaking of cherry picking, what was the market shortly after Obama took office, when the worst of the Bush depression was at hand?
Click to expand...

What exactly did the Democratic Congress do to prevent that recession? You have a partisan view of economics and totally ignore the role of the congress. You also ignore the calendar and what brought us out of recession, TARP!!

https://wallstreetpit.com/13300-what-ended-the-great-recession/

Recovery.org will tell you when the Stimulus money was spent. and bls.gov will provide you with the employment numbers, suggest you pay attention to both
 
Conservative said:
I rest my case, you simply cannot celebrate success or even recognize it without partisan rhetoric. It does appear that regardless of what Trump does or the results generated he is never going to get a fair shot by anyone from the left including you. What seems to matter to far too many is rhetoric and diversion from the results

From the article. It is great seeing that not all Democrats are partisan to a fault and do recognize successes
Click to expand...

The problem we have with this man in the White House is that he constantly and never endingly lies. In addition, he makes no attempt to unite the country, only divide. He plays to his base and thats all he cares about. The man is a fraud, liar, and failure by any stretch of the imagination.
 
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