Friday jobs report better than expected at 250,000 and the unemployment rate held at 3.7% Jobs not Mobs, MAGA !!! (wage, salary)

[Ponderosa]

Originally Posted by phma

Fact checking would rate your opinion false.
Economists disagree, several different theories have been offered.
Who is President doesn't make the list.

https://www.investopedia.com/ask/ans...-recession.asp

Trump has made or is in the process of making two critical errors that will speed the arrival of the inevitable recession. First, is his appointment of Powell to the Fed, a mistake he admits (almost). Second is his idiotic pursuit of tariffs.

[phma]

Originally Posted by James Bond 007

Did you realize that two of the most booming years of the 20th Century occurred when a democrat was in the White House, and democrats controlled both houses of congress (that is, under Jimmy Carter in 1977-78)? I would like to hear your explanation of that.

If that weren't enough, one of the biggest booms of all time occurred in the 60's when LBJ was president and democrats had major control of congress.

Even during Reagan's boom years the democrats controlled the House.

In 1994 Clinton was president and democrats controlled both houses of congress, and that year 3.8 million jobs were created.

You see, once somebody has the smarts to actually look at the numbers, claims that the democrats are doom for the economy are quickly debunked.

Sadly, Trumplings are too intellectually lazy to engage in mental exercises like that.

We can't live in the past.

Trumponomics is the future and its never looked better !!! Just the facts !!!

[James Bond 007]

Originally Posted by phma

We can't live in the past.

Trumponomics is the future and its never looked better !!! Just the facts !!!

This was non-responsive. No explanation was given as to how the economy boomed with democrats in complete control.

[BentBow]

Originally Posted by AnotherTouchOfWhimsy

Surely you aren't insinuating that it doesn't really matter who is president??!??

The President pushes policy and signs legislation from Congress that he agrees with.
Congress creates legislation and holds the purse of the nation.


The President does not make legislation, unless it concerns the immediate safety of the nation.

[craigiri]

Trade Deficit UP more than 10% for 2018 - MAGA.

[BentBow]

Originally Posted by James Bond 007

Did you realize that two of the most booming years of the 20th Century occurred when a democrat was in the White House, and democrats controlled both houses of congress (that is, under Jimmy Carter in 1977-78)? I would like to hear your explanation of that.

If that weren't enough, one of the biggest booms of all time occurred in the 60's when LBJ was president and democrats had major control of congress.

Even during Reagan's boom years the democrats controlled the House.

In 1994 Clinton was president and democrats controlled both houses of congress, and that year 3.8 million jobs were created.

You see, once somebody has the smarts to actually look at the numbers, claims that the democrats are doom for the economy are quickly debunked.

Sadly, Trumplings are too intellectually lazy to engage in mental exercises like that.

Those 5 mile long lines at the gas station were fun.
The military industrial build up with LBJ only benefited a select few
Newt was not a Democrat.

[BentBow]

Originally Posted by James Bond 007

From the thread about 1977-78, I'm going to copy and paste my OP, since Trumplings are undoubtedly too lazy (and afraid) to click on it and read it.


In these two years, Jimmy Carter was president and democrats controlled both houses of congress.

Look at the fed, manipulating interest rates during that period. Dropping interest rates is beneficial.
Trump is doing it while they are rising. Historically unheard of.


Reagan had to deal with 22% interest rates, because of Carters "free money"

[James Bond 007]

Originally Posted by BentBow

Those 5 mile long lines at the gas station were fun.

There were no gas lines in 1977-78. Those were in 1972-73 and again in '79.

The military industrial build up with LBJ only benefited a select few

I would be happy to prove to you otherwise. And if that's what you want to argue, you could also say that the boom under Reagan was similarly fake because HE had a big military build-up as well.

Newt was not a Democrat.

Newt did not become speaker of the House until the beginning of 1995. Notice that I cited 1994.

[James Bond 007]

Originally Posted by BentBow

Look at the fed, manipulating interest rates during that period. Dropping interest rates is beneficial.
Trump is doing it while they are rising. Historically unheard of.

Please don't make things up. You are going to end up making a fool of yourself.

Here is the actual data:
https://fred.stlouisfed.org/series/FEDFUNDS
^
At the beginning of 1977, the Federal Funds Rate was 4.61%. At the end of 1978 it was 10.03%. So basically, you lied when you said interest rates were dropping during that period.

Reagan had to deal with 22% interest rates, because of Carters "free money"

This is an extremely economically illiterate statement. First of all, presidents don't set interest rates, the Fed does (and even then, the Fed has only *some* control). Second, as I just demonstrated and linked above, money was not "free" under Carter during those two years since interest rates more than doubled.

I wonder what you're going to make up next?

[phma]

Originally Posted by James Bond 007

This was non-responsive. No explanation was given as to how the economy boomed with democrats in complete control.

What is the response to something that never happened over the last ten years ? Better to deal with reality and the current situation going forward, not backward !!! Leading from behind was backward and a failure.