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.
“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.”
|by Anonymous||reply 50||05/22/2020|
“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 Anonymous||reply 1||05/21/2020|
“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 Anonymous||reply 2||05/21/2020|
“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 Anonymous||reply 3||05/21/2020|
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 Anonymous||reply 4||05/21/2020|
Just want to be clear here. Don’t let him take credit.
|by Anonymous||reply 5||05/21/2020|
His reduction in government regulations helped the economy. Getting rid of NAFTA was big too.
|by Anonymous||reply 6||05/21/2020|
R4– massive unemployment?
|by Anonymous||reply 7||05/21/2020|
That’s another right wing myth. It did nothing for workers. It all went to the top.
|by Anonymous||reply 8||05/21/2020|
That tax cut all went to millionaires.
|by Anonymous||reply 9||05/21/2020|
At least under Hillary the larger population would have benefitted.
Not just the elite like under this administration.
|by Anonymous||reply 10||05/21/2020|
When the republicans try to take credit for the economy, make sure to remind voters that “this never happened.”
|by Anonymous||reply 12||05/21/2020|
They actually ruined the economy for working people. And also are STILL trying to take away health care.
|by Anonymous||reply 13||05/21/2020|
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 Anonymous||reply 14||05/21/2020|
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 Anonymous||reply 15||05/21/2020|
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 Anonymous||reply 16||05/21/2020|
trump did nothing, never has
|by Anonymous||reply 17||05/21/2020|
I hope nobody is paying the troll at r6. They need a refund.
|by Anonymous||reply 18||05/21/2020|
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 Anonymous||reply 19||05/21/2020|
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 Anonymous||reply 20||05/21/2020|
Don’t let rethugs take credit for Obama’s successes.
|by Anonymous||reply 21||05/21/2020|
Exactly, r19. It's easy to find the pattern. Trump is one big Ponzi scheme that most of saw through in '16.
|by Anonymous||reply 22||05/21/2020|
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 Anonymous||reply 23||05/21/2020|
why was it before the outbreak that Obama was taking credit for the economy?
|by Anonymous||reply 24||05/21/2020|
We do know one thing: Trump's lack of action has absolutely killed the economy
|by Anonymous||reply 25||05/21/2020|
Another Republican President; Another Recession
|by Anonymous||reply 26||05/21/2020|
And what about the republic senators who sold their stock and invested in emergency stocks? So shady.
How is this legal?
|by Anonymous||reply 27||05/21/2020|
martha stewart went to jail for it
|by Anonymous||reply 28||05/21/2020|
Martha Stewart went to jail for lying to the FBI. But they were investigating her insider trading, so there's that.
|by Anonymous||reply 29||05/21/2020|
I’m sure this lady is also lying.
|by Anonymous||reply 30||05/21/2020|
Don’t let them get away with this narrative that anything this administration has done has helped anyone other than the very rich.
|by Anonymous||reply 31||05/21/2020|
They ruined the economy by saying this pandemic is a hoax.
|by Anonymous||reply 32||05/21/2020|
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.
|by Anonymous||reply 34||05/21/2020|
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 Anonymous||reply 35||05/21/2020|
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 Anonymous||reply 36||05/21/2020|
It took 3 years for someone to start saying this? He's just been coasting, and the ride is over.
|by Anonymous||reply 37||05/21/2020|
Everybody with a brain knows this! Unfortunately Trump voters are lacking in brains and literacy.
|by Anonymous||reply 38||05/21/2020|
Also, deregulation can lead to FEWER jobs. Remember your economics!
|by Anonymous||reply 39||05/21/2020|
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 Anonymous||reply 40||05/21/2020|
^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 Anonymous||reply 41||05/21/2020|
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 Anonymous||reply 42||05/21/2020|
Trump= LIAR, every day, in every way. The End.
|by Anonymous||reply 43||05/21/2020|
R42, Mr. "Libertarian" representing a state that would shrivel up and die without govt handouts.
|by Anonymous||reply 44||05/21/2020|
These freeloaders thar call themselves “libertarians” and “conservatives” have a lot of nerve. I’ll give them that.
|by Anonymous||reply 45||05/21/2020|
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 Anonymous||reply 46||05/21/2020|
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 Anonymous||reply 47||05/21/2020|
Don’t let them try to take credit for Obama’s success.
|by Anonymous||reply 48||05/22/2020|
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 Anonymous||reply 50||05/22/2020|