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Yeah, well, the UE Rate was 10.6%, so I would hope Obama could drop it 6 points.
The last time the UE Rate was 3.5% in the US was October 1969.
You're the one telling lies.
From 2016 to 2017, wages increased 3.45% but all Inflation was only 2.18%, so workers got a wage gain.
Since 1989, wages have increased 150.36% through 2017, while all Inflation only increased 93% over the same period.
You cannot seriously ignore that 76 months of positive job growth and the impact it has had on Trump's economy as you call it.
Obama inherited the worst economy any modern day President has seen.
Trump inherited 76 months of job growth....corporations enjoying profits for 7 years.......The stock market was growing steadily after having some of the biggest drops ever...(not Obama induced either).
All thanks to the Federal Reserve's monetary policy. I do not understand how anyone can ignore,
3.5T in QE; ended Oct 2014, Operation Twist
Effectively 0% rates from December 2008 until first rate increase in December 2015
Relative monetary actions by the administration of Mr Obama were relatively puny, not contributing much and being overweighted by costly jump in regulations and unfriendly business climate.
To ignore the real player in our recovery until 2017 is either blind allegiance to Mr Obama or just plain ignorance of the facts.
Quote:
Originally Posted by moneill
You cannot seriously ignore that 76 months of positive job growth and the impact it has had on Trump's economy as you call it.
Obama inherited the worst economy any modern day President has seen.
Trump inherited 76 months of job growth....corporations enjoying profits for 7 years.......The stock market was growing steadily after having some of the biggest drops ever...(not Obama induced either).
I did so during the Obama administration. I was not one of those that cried "but look at the labor participation rate". More people are retiring, and that is a fact.
Oddly, those people that disparaged such good news during Obama's term, now proclaim that this is good news under Trump.
Regardless, I issue a challenge: we all know that the economy will, at some point, go back into recession, and perhaps inflation.
The experts say that such will be due to our national debt, as well as other factors.
It is "Trump's economy", which I have no trouble with. He has been President for close to two years. The tax reform act obviously 'goosed' the economy, as well as cutting many regulations.
My challenge: if the Democrats take over the House next January 3rd, and if the economy deteriorates in 2019, will you blame the Republicans or the Democrats?
I say, the Republicans, for they set in motion the activity that will result in the next recession/depression.
You do realize that at some point you are going to have come to the realization that Trump has kept the momentum going, or will you just keep denying this ? A coasting car slows down, had Trump just coasted these past two years we would not be seeing added growth.
About.the same time that you and other Republicans realized that Obama had a real recovery or Trump's economic surge is fake as well...
I did so during the Obama administration. I was not one of those that cried "but look at the labor participation rate". More people are retiring, and that is a fact.
Oddly, those people that disparaged such good news during Obama's term, now proclaim that this is good news under Trump.
Regardless, I issue a challenge: we all know that the economy will, at some point, go back into recession, and perhaps inflation.
The experts say that such will be due to our national debt, as well as other factors.
It is "Trump's economy", which I have no trouble with. He has been President for close to two years. The tax reform act obviously 'goosed' the economy, as well as cutting many regulations.
My challenge: if the Democrats take over the House next January 3rd, and if the economy deteriorates in 2019, will you blame the Republicans or the Democrats?
I say, the Republicans, for they set in motion the activity that will result in the next recession/depression.
What say you?
The economy lags behind policy by a year or so. For this reason, I'll blame the Republicans. That and there is also all the potential backlash of the trade wars too...
The economy lags behind policy by a year or so. For this reason, I'll blame the Republicans. That and there is also all the potential backlash of the trade wars too...
Both parties are bought and paid for by the elite moneyed interest of those who have the most money.
The elites should get they blame directly not any political party. Elites play the tune the political puppets dance to. They remain at the top of the food chain no matter what the economy does. They will not go hungry or worry about the things main street Joe has to deal with.
It would be like blaming the symptom for the disease. The disease produces the symptom not the other way around.
There has always been available jobs. Retail stores are always hiring. The problem is no wants these low paying jobs. I'd like to hear about these new jobs though. What are their benefits. Do these companies provide healthcare, 401k plans and retirement benefits.
Yeah, well, the UE Rate was 10.6%, so I would hope Obama could drop it 6 points.
The last time the UE Rate was 3.5% in the US was October 1969.
You're the one telling lies.
Well we sacrificed an awful lot of debt for a few tenths of unemployment decrease that very well may have occurred anyway. Do you attribute the employment numbers to a tax decrease that was only put in place in January 2018, or was there some other policy.
Quote:
From 2016 to 2017, wages increased 3.45% but all Inflation was only 2.18%, so workers got a wage gain.
Since 1989, wages have increased 150.36% through 2017, while all Inflation only increased 93% over the same period.
Those are average wage gains heavily influenced by the wage gains for the top brackets, there was some gains for middle class but mostly stagnant.
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