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The economy is now booming since Obama’s regulations were lifted. Unemployment is down (and this also includes people who initially left the work force since the # of welfare recipients are down). But Obama gets credit?
I had a friend say “the first year of the economy during a new predency is always due to the president before. Everybody knows that”
I don’t think that is the case this time.
Stagnant? The Dow tripled in value during the Obama presidency! The unemployment rate was over 9 percent when he took office, 4.8 percent when he left. The economy improved dramatically under Obama.
The economy has generally fired on eight cylinders since 2010 with a light, but steady pressure on the gas pedal. While the economy is doing fine under Trump so far, the stock market more than doubled during the Obama years!
Your instincts are correct. There was a definite shift in policy the minute Trump was sworn in.
They want to take credit for the pending defeat of ISIS, when there was a policy change the gave the military much more freedom and latitude to deal with ISIS.
They hate all things Trump and are not objective in any analysis concerning him.
Those were skewed numbers. They didn’t include the people who dropped out of the workforce. Now the number of people on welfare has gone down. That did happen the last 8 years.
Stagnant? The Dow tripled in value during the Obama presidency! The unemployment rate was over 9 percent when he took office, 4.8 percent when he left. The economy improved dramatically under Obama.
Quote:
Originally Posted by TheEmissary
The economy has generally fired on eight cylinders since 2010 with a light, but steady pressure on the gas pedal. While the economy is doing fine under Trump so far, the stock market more than doubled during the Obama years!
The problem with this is that Obama came in off of a crisis. I believe the Dow was somewhere around 12,000 before it tanked because of the October surprise... oops, I mean mortgage crisis.
He didn't blow things up thankfully - but things were not normal when Obama stepped in. Let just say he bought in low.
I would like to give the people credit for the market rise - but I know we don't do that. Presidents and economic policies just create the environment for investment.
The economy is now booming since Obama’s regulations were lifted. Unemployment is down (and this also includes people who initially left the work force since the # of welfare recipients are down). But Obama gets credit?
I had a friend say “the first year of the economy during a new predency is always due to the president before. Everybody knows that”
I don’t think that is the case this time.
I remembered my IRA account when Obama took office, I added tens of thousands to it over eight years of Obama... when I looked at it again before Trump, it was actually EQUAL to what I had when Obama took office... I don't know what happened but it was an effed up economy.... Trump is president and it actually shows more growth than I have seen eight years of Obama...
The economy is now booming since Obama’s regulations were lifted. Unemployment is down (and this also includes people who initially left the work force since the # of welfare recipients are down). But Obama gets credit?
I had a friend say “the first year of the economy during a new predency is always due to the president before. Everybody knows that”
I don’t think that is the case this time.
It's amazing the reality y'all construct for yourselves.
I remembered my IRA account when Obama took office, I added tens of thousands to it over eight years of Obama... when I looked at it again before Trump, it was actually EQUAL to what I had when Obama took office... I don't know what happened but it was an effed up economy.... Trump is president and it actually shows more growth than I have seen eight years of Obama...
perhaps you should get an investment advisor or stick to a bogglehead approach, b/c my portfolio along with VAST majority of American's who own stocks soared under Obama.
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