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You very well may be right. It still reinforces my point that this POTUS is unique in that he himself has touted credit for the stock market, the economy etc..
Funny he doesn't mention the burgeoning debt.. How convenient.
Yeah, funny isn't it.
Under Trump the deficit now SOARING - and during "good times" - that's REALLY BAD, because what happens when things go south (when deficits typically grow the most)?
That's an allegory for GOP malfeasance on the economy, not the POTUS tying himself to the increasing stock market or other direct economic indicators.
And now the current POTUS blames 'the Fed', or whomever he can for market turbulence. Lol.
Maybe after this, Americans will realize that Republicans cannot be trusted with the U.S. economy. Twice in a decade, we've had a Republican administration cause an economic crisis (three times in two decades if you count Bush's 2001 recession). I guess that's why Republicans focus so much on cultural issues like race, religion, LGBT, etc. It's now likely going to take two Democratic terms to clean up Trump's mess just like it took two terms of Obama to clean up the Bush/Cheney disaster. Meanwhile, we will all be eight years older by the time the economy finally comes back.
That's an allegory for GOP malfeasance on the economy, not the POTUS tying himself to the increasing stock market or other direct economic indicators.
And now the current POTUS blames 'the Fed', or whomever he can for market turbulence. Lol.
Yeah, and an ACCURATE allegory too. From the article:
...“The other side drove the economy into the ditch, and we’ve been down there and putting on our boots, and it’s muddy, and it’s hot, and there are bugs swarming, and we’ve been pushing and shoving and sweating, trying to get this car out of the ditch,” Obama said.“And the Republicans have been standing there, sipping on a Slurpee, watching us and saying, you’re not pushing hard enough, or you’re not pushing the right way,” the president continued to partisan laughter.
“Well, come down and help,” Obama said. “’No, no, no, you go ahead,’” the president said, illustrating the Democratic complaint that the GOP is the party of no.
“Finally, we get the car up on level ground, and it is -- it’s kind of dinged up. I mean, it wasn’t good for the car to be driven into the ditch. And it needs some body work, it needs a tune-up, it needs a carwash, but it’s moving,” Obama said defending his economic policies which Democrats argue have prevented things from getting worse and have helped improve some types of job creation.
“Suddenly we get a tap on the shoulder and the Republicans say, ‘We want the keys back,’ ” Obama said. “You can’t have the keys back. You can’t drive. That’s why we were in the ditch. And as soon as they get into power, they will throw that car right back in reverse. There’s a reason why, when you want to go forward, you put it into ‘D,’ and when you go backward, it goes into ‘R’.”...
So now, with Trump the GOP has the keys and is driving the car - and the deficit is soaring again, and car sales are dropping again, and the housing market it show signs of trouble again, and the stock market is doing poorly again, and LEI and other indicators are telling us another recession is on the way.
Just as Obama said would be the case.
Smart man, Obama - wayyyyyyyyyyy more so than the dimwit who's currently in the White House.
That's an allegory for GOP malfeasance on the economy, not the POTUS tying himself to the increasing stock market or other direct economic indicators.
And now the current POTUS blames 'the Fed', or whomever he can for market turbulence. Lol.
And right after the Fed cut rates by a quarter point. I haven't seen one credible economist or financial analyst that blames the Fed. They all blame Trump, his tariffs and "trade wars" policies, and the uncertainty created by his incoherence and unpredictability.
Maybe after this, Americans will realize that Republicans cannot be trusted with the U.S. economy.
You got that right. How many more times are we going to stand by while the Republicans keep repeating the same old "Trickle Down" voodoo supply side nonsense that "tax cuts for the rich pay for themselves and it trickles down to the middle class"?
Trump, Kudlow and Mnuchin all promised 5% GDP growth and smaller deficits. We got the opposite -- lackluster GDP growth under 3%, very little "trickle down" (3% pay raises and some one time bonuses), and massive skyrocketing deficits.
Trumponomics is a huge failure and the stock market knows it.
You got that right. How many more times are we going to stand by while the Republicans keep repeating the same old "Trickle Down" voodoo supply side nonsense that "tax cuts for the rich pay for themselves and it trickles down to the middle class"?
Furthermore, every time it's tried we end up with a recession, each one more severe than the preceding one. Yet, people still fall for it.
You got that right. How many more times are we going to stand by while the Republicans keep repeating the same old "Trickle Down" voodoo supply side nonsense that "tax cuts for the rich pay for themselves and it trickles down to the middle class"?
Trump, Kudlow and Mnuchin all promised 5% GDP growth and smaller deficits. We got the opposite -- lackluster GDP growth under 3%, very little "trickle down" (3% pay raises and some one time bonuses), and massive skyrocketing deficits.
Trumponomics is a huge failure and the stock market knows it.
...and Trump has put into jeapordy this nations one bright shining star in the economy....
Ag exports.
Our largest source of OPM crushed because the POTUS can’t negotiate his way out of a wet paper bag.
Another sign that all is not well with the Trump economy:
"U.S. industrial production fell 0.2% in July, as factory activity slumped in a worrisome sign for the economy.
The Federal Reserve said Thursday that the overall decline was caused primarily by a 0.4% drop last month in manufacturing production. Output decreased for autos, fabricated metals, wood products, textiles and plastics and rubber products.
Over the past 12 months, factory production has fallen 0.5%. Manufacturers' struggles reflect a global softening in growth that has been magnified by President Donald Trump's use of tariffs to escalate a trade war with China. The risks have been great enough that the financial markets on Wednesday flashed signs of a possible recession..."
Sometimes I really have to wonder how or why so many threads far more worthy get closed while threads like this ridiculous one continue on forever. Not that I'm generally understanding of closing ANY thread, but this one lives on for reasons also very hard to understand. Or maybe it's time to check just one thing before any further judgement...
Any Trump supporters who no longer believe Trump is the absolute greatest on the economy?
Any anti-Trump people who now think Trump is actually the absolute greatest on the economy?
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