Trump Never Made The Economy Great...

“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.”

“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.”

“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.”

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.

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

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

R4– massive unemployment?

R6 link?

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

That tax cut all went to millionaires.

At least under Hillary the larger population would have benefitted.

Not just the elite like under this administration.

So no link r6?

Did you make it up?

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

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

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!!

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.

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?

trump did nothing, never has

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

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.

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.

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

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

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.

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

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

Another Republican President; Another Recession

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

How is this legal?

it's not

martha stewart went to jail for it

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

I’m sure this lady is also lying.

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

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

Bump.

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.

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.

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.

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

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

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

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.

^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.

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!

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

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

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

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?

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.

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

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 .

Friendly reminder

This is the biggest “this never happened” ever.

The “president” likes to use ESTs and claim they are true.

I'm tired of Dems taking the high road, although I did like Hil's (paraphrasing) "I'm between you and the apocalypse" comment regarding Trump. For some reason, high road= uppity.

Obama needs to come back and run for that 3rd term he was accused of plotting to steal.

We could use it.

This economy is now in the shitter and will be for at least a year.

This is all the rethugs fault.

Yet again.

We can’t have anything nice while they are “in charge.”

The stock market should be crashing. 40 plus million out of work. No end in sight to the virus. Mass protesting.

It wasn’t great for the working class.

Who is going to pay all the money back that this administration has borrowed?

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.

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.

What scam.

Where are all those factories?

‘He made promises that he didn’t keep’: Laid-off factory workers feel betrayed by Trump

I think the lower-income Deplorables are so used to living small that they don't even realize it anymore. Living communally with family; combining all their public assistance, di$ability and pay from McJobs… they don't understand that they are not living the American Dream. They wouldn't even have clothes if there weren't thrift stores. They will never own a house; they have no money for retirement; no nest egg for emergencies (like pandemics).

That stimulus check is gone baby gone.

trump: all lies, all fake, all bullshit. wow, that is a shocker.

Deplorables need to answer for this. Where are all the factories?

Where are all the coal jobs that were promised.

The tariffs are still in effect which Deplorables pay to enrich his foreign overlords.

We need answers.

How can anyone trust anything coming out of this administration when all they do is lie?

This is what that fat orange fuck has to say about it:

I don’t want to click on that. We know that whatever it says is a lie.

But I’m curious. How many people died because we have no factories to make supplies anymore?

In the last week, every republican piece of trash (all of them) is on the retreat.

I love seeing these losers play defense. They will muck it up as much as they have the offense.

Time to send these people back to their deplorable hellholes.

The economy has sucked for most people for a while now. Stock markets don’t effect deplorables.

Where do they even work anymore anyway?

They can’t all work at dollar tree.

[quote]They can’t all work at dollar tree.

On disability, mostly, and have been since about 2003.

The only thing Trump ever made "great" is his own massive gut.

And his ego, R74.

"Where do they even work anymore anyway?"

The single females can make a decent living having 3 or 4 kids and getting child support, food stamps, clothing vouchers, a Section 8 house, etc. The men work dead-end jobs in warehouses (often low-paying and temporary), retail, security, Jiffy Lube, landscaping, food service. Some ambitious ones will do time in the military or learn a trade.

Daily reminder.

The tariffs were another failure.

They can’t no longer say “but the economy...”

The farms are in ruins.

The rethugs have hollowed out middle America.

This economy has gone straight down the crapper.

All plump has done is charged up America’s credit cards.

Too bad we don’t get to file bankruptcy.

Remember this tonight during the debates.