Meathead
Diamond Member
- Jan 6, 2012
- 42,534
- 16,471
The chart depicts Obama's failure. It indicates nothing on Trump.The chart clearly illustrates Obama failed. But we knew that.Depending on which news networks you watch, you may or may not hear about this, but the Department of Labor's BLS just announced that last month the economy added a whopping 304,000 new jobs, including 13,000 new manufacturing jobs. It may seem odd, but the unemployment rate actually edged up slightly, but this was only because of the federal workers who were furloughed during the government shutdown.
Each month the Labor Department's BLS releases a monthly report on the employment situation, and the report for last month was released today. Here is the report:
https://www.bls.gov/news.release/pdf/empsit.pdf
This is NOTHING to do with a 'Trump' economy. Just like before that it had nothing to do with the 'Obama' economy.
This is the Fed's economy...PERIOD.
Look at December, the Fed keeps raising rates, the markets panic.
January? The Fed backs off, the markets sing.
The economy is - and has been for over 10 years - driven almost entirely by the Federal Reserve stimulating it (through ZIRP and QE).
If you don't know that - you don't know the macroeconomic situation of America.
Ok, if you say so pocket rocket. So the conclusion is using your formula is simple if we take it at face value——> Trump put up a far better Fed Chief than Obysmal.
Score one for the Trumpster, if anyone believes your cockamamie spin, lol
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How did Trump put up a better Fed Chief? He has caved on normalizing rates. He is no better than Bernanke or Yellen.
And where is your link to unbiased, factual proof that my theory is 'cockamamie'? Not theories...PROOF.
Here is a tiny fraction of the evidence that what I said is true...from people that know a HELL of a lot more about economics than you do:
The Fed Has Undermined The Economy's Ability to Grow
The Fed Has Hurt Business Investment
Fed 'Stimulus' Has Made Inequality Worse, Hurt Economic Growth
I doubt you even understood my theory fully.
Okay, Mr. Economy....what was the major cause of the rise of the equity markets since early 2009...if not the Fed's ZIRP and QE? And why has the economy grown under 3% overall (including under Trump) since 2009...yet the equity markets have boomed?
And why is the M2 Money Velocity at BY FAR it's lowest level for generations?
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I also doubt you even know what this chart means.
Well? Come on Mr. Economy...tell us all. How is my - and many other's - theory wrong? Let us all bask in your macroeconomic wisdom.
Where did I say he succeeded? He failed and GWB failed before him and Trump is failing as well...as all of them appointed Dove's to lead the Fed.
And I doubt you understand what the chart actually means (without looking it up).