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Old 11-30-2017, 08:40 AM
 
7,800 posts, read 4,397,040 times
Reputation: 9438

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Quote:
Originally Posted by bawac34618 View Post
Get ready to own the recession. It's coming before Dear Leader finishes his first term. You won't be able to blame it on Democrats or Obama.
This is correct. Trump has done absolutely nothing substantial. His policies will lead to a new and more devastating recession/depression in the future.

The market saw most of its gains during the Obama years and now, as Allan Greenspan once famously said, there is irrational exuberance in the market because it is all based on hopes of substantial tax cuts, deregulation of the financial industry, and the trickle down fraud, all of which preceded the 2008 meltdown. But when you are a Trumpist who cares about history or even know anything about it.

When the market collapses it will be on the back of the Trump and his cohorts.
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Old 11-30-2017, 08:48 AM
 
Location: In The Thin Air
12,566 posts, read 10,611,363 times
Reputation: 9247
Quote:
Originally Posted by Freak80 View Post
Here in the Rust Belt, new factories are going up everywhere thanks to Trump. Companies are bringing their operations back from Mexico and China. All the good union jobs are coming back. Middle class incomes are rising rapidly.

Thank God for Donald Trump!

Can you cite some references that show this was directly related to Trump's "work"? Were these new factories already slated to come to the rust belt prior to the new administration?
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Old 11-30-2017, 08:48 AM
 
34,300 posts, read 15,640,522 times
Reputation: 13053
Quote:
Originally Posted by TreeBeard View Post
This is correct. Trump has done absolutely nothing substantial. His policies will lead to a new and more devastating recession/depression in the future.

The market saw most of its gains during the Obama years and now, as Allan Greenspan once famously said, there is irrational exuberance in the market because it is all based on hopes of substantial tax cuts, deregulation of the financial industry, and the trickle down fraud, all of which preceded the 2008 meltdown. But when you are a Trumpist who cares about history or even know anything about it.

When the market collapses it will be on the back of the Trump and his cohorts.
Interesting !!! It only will be the Trump economy when it collapses.
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Old 11-30-2017, 08:49 AM
 
Location: In The Thin Air
12,566 posts, read 10,611,363 times
Reputation: 9247
Quote:
Originally Posted by phma View Post
Interesting !!! It only will be the Trump economy when it collapses.
Yes, if Trump and his base take all of the credit for it being so good then logically it would be his problem when it goes down the crapper.
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Old 11-30-2017, 08:49 AM
 
Location: USA
18,490 posts, read 9,151,071 times
Reputation: 8522
Quote:
Originally Posted by Timmyy View Post
Can you cite some references that show this was directly related to Trump's "work"? Were these new factories already slated to come to the rust belt prior to the new administration?
My post was intended as sarcasm. I put two winks at the bottom.
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Old 11-30-2017, 09:00 AM
 
Location: annandale, va & slidell, la
9,267 posts, read 5,115,170 times
Reputation: 8471
Quote:
Originally Posted by PCALMike View Post
Your post is impossible to distinguish from sarcasm. Trump hasnt done anything. And you are the first to point out that GDP numbers and unemployment numbers are fake anyway. Until Trump became president of course.
This is why we're headed for conflict. Many in America want the Country to fail to justify their marxist philosophy.
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Old 11-30-2017, 09:08 AM
 
34,300 posts, read 15,640,522 times
Reputation: 13053
Quote:
Originally Posted by Timmyy View Post
Yes, if Trump and his base take all of the credit for it being so good then logically it would be his problem when it goes down the crapper.
So you don't buy the idea that its the Obama economy still.
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Old 11-30-2017, 09:08 AM
 
Location: Florida
76,975 posts, read 47,597,802 times
Reputation: 14806
Quote:
Originally Posted by workingclasshero View Post
then you would agree, that as Obama had announced that the recession was over in June of 09, the ending of the recession had nothing to do with Obama either, that the end of the recession just 5-6 months into the Obama Admin was based on a bush momentum

I'll give this momentum to the last admin, will you then admit, that Obama wasn't the savior and fix the recession

Cant have it both ways
Many would argue the measures taken early in 2009 had something to do with it. For example, the tax breaks in the stimulus package were larger than Reagan's tax cuts (dollar-wise, adjusted to inflation). Trump has not taken any measures of any significance, so what we are seeing is pretty much a continuation of the same.

PS, the ending, or starting of recessions is not a matter of someone announcing it. It is based on a range of indicators.
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Old 11-30-2017, 09:12 AM
 
10,513 posts, read 5,161,497 times
Reputation: 14056
Obama's economy and numbers were better.

3rd quarter 2014, GDP grew +5.2%. Trump's numbers so far have not come close to that.
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Old 11-30-2017, 09:13 AM
 
Location: Long Island, NY
19,792 posts, read 13,941,962 times
Reputation: 5661
Quote:
Originally Posted by Freak80 View Post
Here in the Rust Belt, new factories are going up everywhere thanks to Trump. Companies are bringing their operations back from Mexico and China. All the good union jobs are coming back. Middle class incomes are rising rapidly.

Thank God for Donald Trump!

So, in ten months, companies decided to build factories, got them designed and they are going up. I think if you explored that, they were planned a long time before Trump was on the scene.

If indeed "companies are bringing their operations back from Mexico and China. All the good union jobs are coming back," then why was 2016 job gains better than 2017? Not that I'm skeptical of what you are writing, I think there is more to it.

Moreover, what specific policies to you attribute to companies bringing their operations back from Mexico and China? The answer is, it has nothing to do with Trump. In fact, "Last year, (2016) for the first time in decades, more manufacturing jobs came back to the United States than left, according to data compiled by the Reshoring Initiative, a firm that works to bring jobs back to the U.S."

If you look at the multi-year trend, manufacturing jobs have been on the rise long before Trump was president.

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