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Old 08-03-2019, 05:58 PM
 
Location: Unperson Everyman Land
31,152 posts, read 20,516,945 times
Reputation: 8692

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Quote:
Originally Posted by moneill View Post
Obama is the foundation for that economy.

This is the longest economic recovery ever -- 10 years -- Trump has been in for 25% of that time.

And let's be clear -- if a Democrat is chosen for President next year -- if things continue as is - -he (or she?) will be fortunate to inherit a good economy.

Obama inherited a horrible economy.

Just saying.

Yes, Obama came into office as the recession was bottoming.

That means the economy was going to grow (rebound) and lots of people that just lost their jobs were going to find new ones.

This is what always happens after a recession.

Nothing needs to be done to make the economy rebound.

It does that all by itself.

The recovery we experienced was the most anemic in US history.

That's Obama's legacy.


As for inheriting a good economy, from a political point of view that isn't really a good thing.

The reason for that is any downturn will be blamed on the current office holder.

We are currently experiencing much higher growth than expected, and this with lower unemployment than we have seen since LBJ was in office.

That will be Trump's legacy.
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Old 08-03-2019, 06:35 PM
 
Location: SE Arizona - FINALLY! :D
20,105 posts, read 23,077,983 times
Reputation: 7340
Quote:
Originally Posted by momonkey View Post
Yes, Obama came into office as the recession was bottoming.

That means the economy was going to grow (rebound) and lots of people that just lost their jobs were going to find new ones.

This is what always happens after a recession.

Nothing needs to be done to make the economy rebound.

It does that all by itself.

The recovery we experienced was the most anemic in US history.

That's Obama's legacy.


As for inheriting a good economy, from a political point of view that isn't really a good thing.

The reason for that is any downturn will be blamed on the current office holder.

We are currently experiencing much higher growth than expected, and this with lower unemployment than we have seen since LBJ was in office.

That will be Trump's legacy.
Complete lies.
Obama did NOT come into office as the recession was "bottoming". He took office as the recession was accelerating - with job losses picking up and the GDP growth rate plummeting.
Obama took office in Jan of 2009
The recession didn't bottom until the 2nd quarter of 2009 - nearly half a year after he took office.
And monthly job losses were still in excess of HALF A MILLION a month at that time.
Stop with lies.

https://www.multpl.com/us-gdp-growth...ble/by-quarter

https://www.investing.com/economic-c...m-payrolls-227

If you think Obama took office as the Great Recession as "bottoming", why don't you explain how it was bottoming? "Bottoming" based on what? It certainly wasn't "bottoming" based on the number of monthly job losses - and it wasn't "bottoming" based on the quarterly GDP. So HOW was it "botttoming" when Obama came into office in Jan of 2009? Show us the proof it was "bottoming" in Jan of 2009.

As far as us "currently experiencing much higher growth than expected" - "expected" by WHO. Certainly not higher than "expected" by Trump. He claimed we'd have 5% GDP annual growth rate, and we haven't even hit 3% annual growth rate.

Ken
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Old 08-04-2019, 11:42 AM
 
Location: Florida/Tennessee
3,324 posts, read 4,519,581 times
Reputation: 1924
Well, growth is only sustainable by 2.5 to 3.5% of GDP. I believe if you listen you'll see "exactly" what he said in 2017. What ever you want to believe is fine, but who doesn't know the president Trump haters are the great deniers too? I get it, you love Obama and hate president Trump, but hating him or disliking him has nothing to do with the economy.

Number are the science of logic. To my fellow math people you can't get to a correct answer without all the numbers, can not do it with just the ones that add up for you, gotta use "all" of them and sometimes use subtraction.

https://www.realclearpolitics.com/vi...6_percent.html

Last edited by Dave_n_Tenn; 08-04-2019 at 12:01 PM..
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Old 08-04-2019, 11:51 AM
 
Location: Charlotte NC
11,944 posts, read 9,574,027 times
Reputation: 5383
Quote:
Originally Posted by momonkey View Post
Yes, Obama came into office as the recession was bottoming.

That means the economy was going to grow (rebound) and lots of people that just lost their jobs were going to find new ones.

This is what always happens after a recession.

Nothing needs to be done to make the economy rebound.

It does that all by itself.

The recovery we experienced was the most anemic in US history.

That's Obama's legacy.


As for inheriting a good economy, from a political point of view that isn't really a good thing.

The reason for that is any downturn will be blamed on the current office holder.

We are currently experiencing much higher growth than expected, and this with lower unemployment than we have seen since LBJ was in office.

That will be Trump's legacy.
His legacy will be lies.. like your backwards post.
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Old 08-04-2019, 06:35 PM
 
Location: Near Falls Lake
2,902 posts, read 1,991,856 times
Reputation: 2731
Quote:
Originally Posted by Finn_Jarber View Post
No, it is not. There are tens of millions of Americans out of jobs. Labor Force Participation Rate is still very bad.

We had 4% unemployment under Clinton, and kept adding 300-400K jobs per month.
I believe there are more jobs than Americans to fill them! Did you complain about the LFPR under the previous administration? I'm betting you did not!
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Old 08-04-2019, 06:57 PM
 
Location: Buckeye, AZ
27,883 posts, read 16,243,276 times
Reputation: 10030
Quote:
Originally Posted by Dave_n_Tenn View Post
China is going to interfere BIG time in our election in ways never imagined. They're sneaky you know and liars too. Now class, who do you think they'll be rooting for? do I need to make it multiple choice?

China is retracting and is playing games with the global economy. What they intend to do is beyond our control, but be ready and aware.
Like Russia did for the Republicans in 2016? Sorry I had to.
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Old 08-04-2019, 07:06 PM
 
Location: Unperson Everyman Land
31,152 posts, read 20,516,945 times
Reputation: 8692
Quote:
Originally Posted by LordBalfor View Post
And - as you RWNJ types repeated over and over and over again during the Obama years - the Labor Force Participation Rate is STILL down near record lows (almost exactly where Obama left it). More Americans are not working than ever before.
Those types of things happen as the population grows.


https://data.bls.gov/timeseries/LNS11300000

Ken
The first step is keeping UE rate low and wages rising so that the people that went on disability out of hopelessness and despair during the Obama years will get back in the game.

You can't discount the effect that rising wages has on the participation rate or, what I prefer, the employment ratio.

During the Bush years, when wages increased due to sustained low unemployment, the segment of the population that Obama would later put on permanent disability was still in the workforce.

Their employment, then, led to the lowering of federal deficits and a reduction of the number of people without an employer-paid health plan.

We've recovered what was lost after Obama took office, but we still have a ways to go.

Good to see that we're finally on the right track again.

https://www.bls.gov/charts/employmen...tion-ratio.htm
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Old 08-04-2019, 07:11 PM
 
Location: Buckeye, AZ
27,883 posts, read 16,243,276 times
Reputation: 10030
Quote:
Originally Posted by momonkey View Post
The first step is keeping UE rate low and wages rising so that the people that went on disability out of hopelessness and despair during the Obama years will get back in the game.

You can't discount the effect that rising wages has on the participation rate or, what I prefer, the employment ratio.

During the Bush years, when wages increased due to sustained low unemployment, the segment of the population that Obama would later put on permanent disability was still in the workforce.

Their employment, then, led to the lowering of federal deficits and a reduction of the number of people without an employer-paid health plan.

We've recovered what was lost after Obama took office, but we still have a ways to go.

Good to see that we're finally on the right track again.

https://www.bls.gov/charts/employmen...tion-ratio.htm
And With that we cannot fall into any recession traps. Sadly that outlook isn't that great.
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Old 08-04-2019, 07:34 PM
 
Location: Unperson Everyman Land
31,152 posts, read 20,516,945 times
Reputation: 8692
Quote:
Originally Posted by mkpunk View Post
And With that we cannot fall into any recession traps. Sadly that outlook isn't that great.
A recession is always a possibility.

My point was that we should make getting Obama's disability mooches back in the workforce a priority.

Since they are already accustomed to sitting on their fat asses all day, increased wages may be what will convince some of them to give up the government-dependent lifestyle.
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Old 08-04-2019, 09:03 PM
 
841 posts, read 419,557 times
Reputation: 729
Folks, we can't make the argument that the economy is weak or strong based on if we happened to have voted for the President or not.

The reality is, unemployment for those ages 24-55 increased. GDP growth in Q2 of 2019 is the weakest reading since Q4 of 2016 and is driven by consumer and government spending. Hours worked decreased. Three recent manufacturing surveys show manufacturing is in decline, factory orders are down, exports are down, and business investment is down.

President Trump's supporters like to say that we are in the longest period of economic expansion, and that is an accurate statement. But it's not a complete statement. This is also the slowest economic recovery in modern history. Average monthly job growth for the first half of this year is the slowest in roughly a decade in a comparable amount of time. A decade ago, we were in the great recession.

I can continue but the bottom line is, we've seen years of stagnant growth and now we are seeing signs that the U.S. economy could be headed for recession.

Republicans were right to criticize the Obama administration for putting in place burdensome regulations, including Obamacare and Dodd-Frank, that adversely impacted businesses. But what has Donald Trump done to ease the regulatory burden on small businesses, who have created over 60% of the jobs that have been created since the Great Recession? Has he repealed the Obamacare employer mandate and Dodd-Frank? No. Not only has Trump not repealed meaningful regulations, he's also made it more expensive to do business in America with his trade policies.

Obama and Trump have made it more expensive to operate businesses in this country. On top of that, both of them have nominated Federal Reserve officials who have kept interest rates close to zero for a decade and in Obama's case, who engaged in quantitative easing. This has created incentive for companies to sell bonds and buy back stock instead of investing in operations or a larger workforce.
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