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I was right! The economy trend started during the Obama administration.
Quote:
“By the time I left office, household income was near its all-time high, and the uninsured rate had hit an all-time low and wages were rising,” he said. “I mention all this so when you hear how great the economy is doing right now, let’s just remember when this recovery started.
“I’m glad it’s continued, but when you hear about this economic miracle that’s been going on ... I have to kind of remind them, actually those job numbers are kind of the same as they were in 2015 and 2016.”
On that, Obama is correct. U.S. job growth averaged 226,000 per month in 2015, 195,000 in 2016, 182,000 in 2017 and, so far this year, 207,000.
Yes, Obama inherited a crap economy so he had more progress to make. Trump rode the coattails of Obama's economic success. We need to wait and see how Trump's tax cuts and trade wars will affect the economy. It's still too early. With all these trade wars between countries, it could have a negative effect.
As projected in the FY 2019 budget, Trump plans to add $8.282 trillion, a 41-percent increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017. He will add almost as much in four years as Obama did in eight. That would also make him the second-biggest contributor to the debt in history in just one term.
Here is the new trend. If you tell enough people about it you can be right again.
Data also show a pickup in business and consumer confidence after Trump’s election. The U.S. is on track to grow more than 3% in 2018, a rate of economic expansion not recorded over the course of a full calendar year since the second term of the George W. Bush administration.
Seven years into the Obama admin. the middleclass for the first time was no longer the largest class. He failed America.
Its not a far right or right source so maybe we can forget that nonsense and discuss how this happened on Obama's watch. Why is his failure so clearly his fault, his policies, or was it Trump that made him a failure on this. In 2015.
A just-released analysis of government data shows that as of 2015, middle-income households have become the minority. The trend is so firmly established that it may well continue; Americans have experienced "a demographic shift that could signal a tipping point
Nike stock is a good buy, their sales have skyrocketed recently and they should be able to increase their share in China significantly in the next couple of years.
Nike stock is a good buy, their sales have skyrocketed recently and they should be able to increase their share in China significantly in the next couple of years.
I thinking about jumping in when the market opens.
Nike stock is a good buy, their sales have skyrocketed recently and they should be able to increase their share in China significantly in the next couple of years.
I'm going to wait on that one.
I'll get in when they start selling the new shoes that replace the ankle bracelet's in China. They are testing the new models now. They say they will be offering one that blows the foot off within a predetermined radius.
That should be a big seller, at the right price.
That's the closest they could get to a kneeling guarantee.
The market would be about exactly the same as it is today, unless you seriously think Trump has done anything of value? He hasn't. Even his pay-day loan style tax scam, while good for fluffing the market, will have long-term negative effects.
Ah, the far right. They'd rather have a raging lunatic like Trump in office than somebody sane who might be slightly left of center. Laughable.
And wrong again. Simply not the reality of what has happened. He has !!!
Three key areas where the trend differs from the Obama trend. Trump wins again !!!
1) business confidence
2)business investment
3)GDP growth
When you have tax cuts and regulatory rollback = business confidence, business investment
Blue-collar recovery with wage growth now being reported.
Jobs in manufacturing and construction in rural areas
Trumponomics is working.
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