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Trump Never Made The Economy Great...

This article came out just before the pandemic set in and made some excellent points. It’s worth a read.

February:

“The low unemployment rate, decent wage growth, and solid corporate earnings are all artifacts of a long expansion, not signs that a very stable genius in the White House has unleashed American enterprise.”

Offsite Link
by Anonymousreply 5005/22/2020

“In taking credit for a financial upswing, Trump is engaging in a hallowed and bipartisan American political tradition—and a blustery one. The White House has far less control over the economy than generally assumed. And Trump’s signature economic legislation, the 2017 Tax Cuts and Jobs Act (TCJA), has not provided anything like the economic “rocket fuel” the Republican White House promised, particularly not for blue-collar workers in the heartland.”

by Anonymousreply 105/21/2020

“Contrary to Trump’s crowing at the State of the Union, the country’s growth performance is not unusual or extraordinary. It is good. Solid. A, B, maybe a B–, not an A+. The Bureau of Economic Analysis recently reported that the economy is expanding at a 2.1 percent annual rate—not bad for a developed economy this late in the business cycle, yet roughly half of the 4 percent rate the administration promised. The low unemployment rate, decent wage growth, solid corporate earnings, and a booming stock market: Those are all artifacts of a long, long expansion, not signs that a very stable genius in the White House has unleashed American enterprise.”

by Anonymousreply 205/21/2020

“Indeed, the economy remains on pretty much the exact same growth path it has taken for the past decade: There is no inflection point around the time of the 2016 election or the late-2017 passage of the TCJA, or any inflection point at all. Growth has plodded along at 2.5 percent a year, give or take. The unemployment rate has been falling consistently. Not much has changed.”

by Anonymousreply 305/21/2020

I also think there was some heavy stock manipulation happening, STILL happening. It is not normal for stocks to rise when a massively negative unemployment figure is announced. There are so many thing that point to Trump being a Russian Asset that it's insane that more isn't uncovered and his base isn't paying attention to.

by Anonymousreply 405/21/2020

Just want to be clear here. Don’t let him take credit.

by Anonymousreply 505/21/2020

His reduction in government regulations helped the economy. Getting rid of NAFTA was big too.

by Anonymousreply 605/21/2020

R4– massive unemployment?

Offsite Link
by Anonymousreply 705/21/2020

R6 link?

That’s another right wing myth. It did nothing for workers. It all went to the top.

by Anonymousreply 805/21/2020

That tax cut all went to millionaires.

by Anonymousreply 905/21/2020

At least under Hillary the larger population would have benefitted.

Not just the elite like under this administration.

by Anonymousreply 1005/21/2020

So no link r6?

Did you make it up?

by Anonymousreply 1105/21/2020

When the republicans try to take credit for the economy, make sure to remind voters that “this never happened.”

by Anonymousreply 1205/21/2020

They actually ruined the economy for working people. And also are STILL trying to take away health care.

by Anonymousreply 1305/21/2020

Not to mention they completely flubbed the pandemic situation that has lead to the situation we are in now.

Send them all packing in November. It’s time to clean house!!

by Anonymousreply 1405/21/2020

The republicans always ruin the economy. Every time.

It’s not a coincidence. The republicans seem to always come out richer, even when the country goes broke.

by Anonymousreply 1505/21/2020

So Bush leaves a shit economy which finally improves under Obama's *eight* years and gets no credit from the GOP...and Trump takes credit within a a year or two of a great economy. Do I have that right?

And Republicans think that's a normal, fact-based way of thinking?

by Anonymousreply 1605/21/2020

trump did nothing, never has

by Anonymousreply 1705/21/2020

I hope nobody is paying the troll at r6. They need a refund.

by Anonymousreply 1805/21/2020

R4 This week's stock market rise of 800 or so points on the Dow on Monday (this is in my opinion) was because of "news" of covid vaccine/cures which I think is BS. I think that was a manipulation in response to Fed Chair Jerome Powell who was on 60 minutes on Sunday night saying the economy is in deep shit. The last time Powell spoke out the markets tanked, so they had to put something out to counter it.

I think Trump and company have been manipulating the markets all along with fake stories and bs--when the markets tank, they have already shorted it and then they buy back stocks before announcing something on China trade or vaccines/cures and the markets go up. They make money on the way up and the way down.

He did the same thing in the late 80s/early 90s with greenmailing.

by Anonymousreply 1905/21/2020

The reduction of regulations did help business owners loosen their pursestrings a little, r6, but that fucking money DIDN'T help workers but went to the pockets of the CEO's and that is part of the huge problem we are in now so, thanks for playing.

by Anonymousreply 2005/21/2020

Don’t let rethugs take credit for Obama’s successes.

by Anonymousreply 2105/21/2020

Exactly, r19. It's easy to find the pattern. Trump is one big Ponzi scheme that most of saw through in '16.

by Anonymousreply 2205/21/2020

Too bad Obama wasn’t around to handle the pandemic response. Then we wouldn’t have millions unemployed.

These republicans have ruined the economy at every chance they get. Now here they go again.

by Anonymousreply 2305/21/2020

why was it before the outbreak that Obama was taking credit for the economy?

by Anonymousreply 2405/21/2020

We do know one thing: Trump's lack of action has absolutely killed the economy

by Anonymousreply 2505/21/2020

Another Republican President; Another Recession

by Anonymousreply 2605/21/2020

And what about the republic senators who sold their stock and invested in emergency stocks? So shady.

How is this legal?

by Anonymousreply 2705/21/2020

it's not

martha stewart went to jail for it

by Anonymousreply 2805/21/2020

Martha Stewart went to jail for lying to the FBI. But they were investigating her insider trading, so there's that.

by Anonymousreply 2905/21/2020

I’m sure this lady is also lying.

by Anonymousreply 3005/21/2020

Don’t let them get away with this narrative that anything this administration has done has helped anyone other than the very rich.

by Anonymousreply 3105/21/2020

They ruined the economy by saying this pandemic is a hoax.

by Anonymousreply 3205/21/2020

Bump.

by Anonymousreply 3305/21/2020

Because Obama brought back the economy back after the housing market crash in '08 that the Bush administration helped usher in, r24.

Here's an interesting article about the crash in '08, if you're interested.

Offsite Link
by Anonymousreply 3405/21/2020

Republicans do a much much better job of wrongly taking credit for things that they really had little control of. Its called messaging and brainwashing. Democrats never really crow about achievements which is a huge mistake. This is why the majority of the country probably does not believe the proven statistics that under a democratic controlled oval office the DJIA has done better under democratic leadership historically since 1940........... than republicans............................ to the tune of 1/2 a point higher percentage return over each 4 years term of a democratic leadership. Because of poor messaging from the democratic party this is not believed to be the case by the majority of the country from what I can tell. Its always, vote your pocketbook, vote republican as the taxes will be lower and the markets will be better.

by Anonymousreply 3505/21/2020

R35, we need more people like Cuomo who just doesn't mince words - calls out Republicans outright. When he read McConnell for filth and told him "You don't bail us (NY) out, we bail YOU (KY) out. Every single year," it was beautiful. We need more of it. We need to remind these Republican, red states where they *actually* stand when it comes to this country and they've got nerve trying to shit on blue states.

by Anonymousreply 3605/21/2020

It took 3 years for someone to start saying this? He's just been coasting, and the ride is over.

by Anonymousreply 3705/21/2020

Everybody with a brain knows this! Unfortunately Trump voters are lacking in brains and literacy.

by Anonymousreply 3805/21/2020

Also, deregulation can lead to FEWER jobs. Remember your economics!

by Anonymousreply 3905/21/2020

Everyone seems to forget that President Obama wanted to lower corporate taxes but not as drastically as Trump did and wanted more stimulus to get the unemployment down but Moscow Mitch blocked everything because he didn't want to give Obama a victory.

Winning an election was more important to Moscow Mitch than the economy and out of work people.

by Anonymousreply 4005/21/2020

^And that is why I want to vomit at the thought that the most powerful man in the country is from a leech state, a state that gives NOTHING only takes and takes and takes with a population a little more than 1/10 the pop. of CA and always at the bottom for things like education. What a fucking disgusting system we have that allows these parasites to have so much power over those who actually keep his garbage state afloat.

by Anonymousreply 4105/21/2020

R41 Kentucky has the Turtle and Rand "I suck Putin's cock" Paul as their two senators. What fine representatives to show off to the rest of the country!

by Anonymousreply 4205/21/2020

Trump= LIAR, every day, in every way. The End.

by Anonymousreply 4305/21/2020

R42, Mr. "Libertarian" representing a state that would shrivel up and die without govt handouts.

by Anonymousreply 4405/21/2020

These freeloaders thar call themselves “libertarians” and “conservatives” have a lot of nerve. I’ll give them that.

by Anonymousreply 4505/21/2020

OP Weeeeeeeeell, I'm so glad you cleared THAT UP! Now how bout tackling, if Obama had a son, would he really have looked like Trayvon?

by Anonymousreply 4605/21/2020

I want one of the moderators at a debate to ask him, "What was your contribution to the booming economy?". Then Biden tell him he's full of shit, that he coasted on Obama's fumes for 3 years.

by Anonymousreply 4705/21/2020

Don’t let them try to take credit for Obama’s success.

by Anonymousreply 4805/22/2020
by Anonymousreply 4905/22/2020

Our economy under Obama survived despite him leaving BILLIONS in cash on an Iranian airport runway. So yea, he gets an economy cred for that. No arguing .

by Anonymousreply 5005/22/2020
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