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Do what we've been doing, serving your food, fighting your wars, building your infrastructure, putting out your fires, policing your streets, and healing the sick.
Stagnant? The Dow tripled in value during the Obama presidency! The unemployment rate was over 9 percent when he took office, 4.8 percent when he left. The economy improved dramatically under Obama.
The economy would recover from recession even if there were no president at all.
The fact that the Obama recovery was the most anemic in US history speaks volumes about his policies and inablilty to inspire confidence.
Why is Obama given credit for booming economy when it was pretty stagnant for 8 years?
Quote:
Originally Posted by Adrian75
The economy is now booming since Obama’s regulations were lifted. Unemployment is down (and this also includes people who initially left the work force since the # of welfare recipients are down). But Obama gets credit?
I had a friend say “the first year of the economy during a new predency is always due to the president before. Everybody knows that”
I don’t think that is the case this time.
False premise. I am surprised you do not know that.
The economy under president Obama was not stagnant, regardless of whatever lies your favorite pundits were telling you.
Trump supporters say the economy increased just in 2017, they were MIA for 8 years. Which Trump policy kicked this off.
Haha! My stocks were doing pretty damn good under Obama as well.
Quote:
Originally Posted by Threerun
Skewedmy butt! I'm in finance and Econ- it was a gradual but steady pull through damn near a depression!
What are you guys smoking?
They forget that W. left the economy in a smoking ruins before he walked out the door. We were bleeding jobs like stuck pigs and trying to pay off an unfunded war AND stop a global recession.
Quote:
Originally Posted by Objective Detective
All the BO economy really did was enrich Wall St. corporations with faux currency and help create a generation of spoiled and lazy millennials who seek to and make money as easy as possible from it with their questionable work ethics. Many if not most would probably be homeless if not for their parents who profited from it.
What will these millennials do for the economy now?
Other than the stock market - what exactly has Trump done for THIS economy? That's ALL he crows about - the stock market. Retail jobs are going bye faster than we've ever seen. More millions out of work. Coal mines? Nope - coal hasn't come back. Manufacturing has made some modest gains but not enough to offset other job losses.
Stagnant? The Dow tripled in value during the Obama presidency! The unemployment rate was over 9 percent when he took office, 4.8 percent when he left. The economy improved dramatically under Obama.
When he left office food stamp participation was over 50% higher than before the crashin 2007 and the population increased only 8 percent since then. Recently, for the first time ever, a majority of school aged children are on free or assisted lunches. Yea nothing says success and recovery like high levels of welfare.
Haha! My stocks were doing pretty damn good under Obama as well.
They forget that W. left the economy in a smoking ruins before he walked out the door. We were bleeding jobs like stuck pigs and trying to pay off an unfunded war AND stop a global recession.
Other than the stock market - what exactly has Trump done for THIS economy? That's ALL he crows about - the stock market. Retail jobs are going bye faster than we've ever seen. More millions out of work. Coal mines? Nope - coal hasn't come back. Manufacturing has made some modest gains but not enough to offset other job losses.
For 8 years under obama, the economy floundered. For one under trump it's stayed the same. Obama was a failure for 8 years, trumps been in office for one. 2018/ will tell the tail. Unfortunately, since spending is still out of control, the recovery wont happen anytime soon.
The economy is now booming since Obama’s regulations were lifted. Unemployment is down (and this also includes people who initially left the work force since the # of welfare recipients are down). But Obama gets credit?
I had a friend say “the first year of the economy during a new predency is always due to the president before. Everybody knows that”
I don’t think that is the case this time.
The new tax law helped paved the way for much of Apple's plan to contribute $350 billion to the U.S. economy, Apple CEO Tim Cook told CNBC's Jim Cramer.
"While some of these efforts were indeed in the works, Washington enabled most of this job-creating plan to occur by changing the tax code to allow companies to return capital to all stakeholders," Cook told Cramer in a call on Wednesday, shortly after the tech giant announced plans to repatriate billions in overseas cash.
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