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Of course there were huge deficits during Obama.
The economy, the wars, you just can't just shut down.
Look at Trump -- the economy has been steady for six years - and he can't even bring down the deficit.
He walked into 75 months of job growth......wow -- a growing stock market, corporations with a few years of profit under their belt....and we still have growing deficits.
We are now seeing unemployment drop with a stable labor participation rate.
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More people have given up on finding work and therefore are no longer counted as either working or unemployed. That's why the unemployment rate keeps dropping. It isn't the underlying strength of the economy that reaches all levels of society. The number of jobs might be keeping rough pace with the growth of the population, but that is it. There is no broad economic cheer.
I like how you ignore that it stabilized before Trump was elected and that there was a financial collapse in 08. I also like how you pivot away from Trump escalating deficits and how his policies have resulted in climbing interest rates on that debt.
I like how you ignore this.
Yep most of the credit does indeed have to go to an algorithm where congress not even need convene.
Trump is slightly better because of two active polices I mentioned.
Yep most of the credit does indeed have to go to an algorithm where congress not even need convene.
Trump is slightly better because of two active polices I mentioned.
What was Obama's policy that saved us?
I never argued that Obama saved us from anything. I am arguing that Trump's economic policies are geared toward short term gains with long term losses, and that all of these metrics were heading in the same direction before him.
Like it or not, we are in a global economy, and for the most part, the western world economies were on the same ride during the global recession. If you look at the GDP growth numbers of like economies through the recession, they took a similar path whether the country chose austerity measures or stimulus measures. We had two countries that outperformed us through 2012 with regard to GDP growth, I think it was Canada and Sweden, or maybe Switzerland.
I am not arguing for Obama's policies, I am saying what Trump is doing is politically expedient, but not healthy for the long term prospects of our country.
And this repeats exactly what I showed. The labor participation rate has stabilized while the unemployment rate has dropped. That means the trend is actually positive. Its weak historically but positive.
I invoked Obama's name because conservatives lamented Obama's spending. Since they hate him so much, I figured if I pointed out that Trump was increasing deficits from where Obama left them, you all might stop and take notice about how unhealthy these policies are long term. I was wrong, you guys don't really care about deficits, debt or fiscal responsibility, my apologies
I never argued that Obama saved us from anything. I am arguing that Trump's economic policies are geared toward short term gains with long term losses, and that all of these metrics were heading in the same direction before him.
yeah. Trumps polices are good for now, not later. Obama's polices were good for never.
Which do you prefer?
Now is a good time to retire debt and improve your economic position .
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Like it or not, we are in a global economy, and for the most part, the western world economies were on the same ride during the global recession. If you look at the GDP growth numbers of like economies through the recession, they took a similar path whether the country chose austerity measures or stimulus measures. We had two countries that outperformed us through 2012 with regard to GDP growth, I think it was Canada and Sweden, or maybe Switzerland.
I am not arguing for Obama's policies, I am saying what Trump is doing is politically expedient, but not healthy for the long term prospects of our country.
I invoked Obama's name because conservatives lamented Obama's spending. Since they hate him so much, I figured if I pointed out that Trump was increasing deficits from where Obama left them, you all might stop and take notice about how unhealthy these policies are long term. I was wrong, you guys don't really care about deficits, debt or fiscal responsibility, my apologies
What do you think my position might have been at that time?
One’s financial asset is another’s financial liability. It is a fundamental principle of accounting that for every financial asset there is an equal and offsetting financial liability. The checking deposit is a household’s financial asset, offset by the bank’s liability (or IOU). A government or corporate bond is a household asset, but represents a liability of the issuer (either the government or the corporation).The household has some liabilities, too, including student loans, a home mortgage, or a car loan. These are held as assets by the creditor, which could be a bank or any of a number of types of financial institutions including pension funds, hedge funds, or insurance companies. A household’s net financial wealth is equal to the sum of all its financial assets (equal to its financial wealth) less the sum of its financial liabilities (all of the money-denominated IOUs it issued). If that is positive, it has positive net financial wealth.
The only source of net financial private wealth is net financial public debt.
So what is the only way in a non commodity based currency to increase net private, financial wealth?
And this repeats exactly what I showed. The labor participation rate has stabilized while the unemployment rate has dropped. That means the trend is actually positive. Its weak historically but positive.
The Labor Force Participation Rate did not stabilize under Trump. It has hovered between 62.6% and 63.0% since December 2015.
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