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Nice numbers but let's remember when this was Obama and we would have been reminded the REAL unemployment rate is 36% since the LFPR is currently at 64%... Funny how the last three years nobody has said this at all and it is just the straight unemployment numbers. Right?
Obama was no more responsible for that economy than Trump is for the current one, but yes, partisans spin the numbers any way they can to make their guy look good and the other guy look bad.
3.5% UE however, using that measure, is a good number. It isn't Trump's good number, just a good number. When Obama had good numbers, they weren't his numbers, just numbers. Same goes for bad numbers.
First step in un-deifying the office of President is to stop crediting/blaming them for stuff they have exactly nothing to do with.
Anyone who knows much about economics would know that the president has very little to do with the economy. One man can't control the economy. The fed has more control than anyone. Of course your average american is too stupid to know this, so it turns into a voting issue.
Progress is the illusion created by getting the benefit of an action before having to face the consequences of the full reaction. You can rob a bank, party and live a life that you could only dream of with the money....until you get caught and punished.
Nature is a system of actions and reactions over a continuum of time. Reactions to actions are often delayed or redirected elsewhere. There is no real "progress" in an essentially "closed system". One thing grows at the expense of another decline. We can raise the present.....by lowering the future. Its the ying and the yang of the universe.
With that having been said, at what cost? At what cost are we enjoying this good economic times? Its not without a cost. Are we borrowing from our future by leveraging ever increasing amounts of debt? The data would suggest yes. We still have historically low interest rates....which only encourages more debt and debt spending. Corporate debt, consumer debt, government dept.....all at record levels and increasing.
The US economy is like an aging athlete on steroids trying to maintain his performance levels that existed when his body was younger and stronger (and the competition much weaker). As long as the athlete can keep increasing his steroid intact, it will mask his REAL LOSS in ability. His stats may be improving. People are applauding his performance and stats...but can he sustain his health taking ever increasing amount of steroids? Again, progress is the illusion of getting the benefit before having to pay the cost.
Our economy is on steroids. Debt. That is the performance gains we are experiencing.
Only because people are having to work extra jobs to make ends meet.
Or working seasonally.
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