yidnar
Diamond Member
- Jul 16, 2011
- 23,900
- 18,862
- Thread starter
- #121
the US has had positive job growth for 79 straight months. How long has Trump been president? One more question...we had what a 6 year trend of job growth and unemployment decrease? Reaching full employment in Trumps first year. Yes of course, I eve we hit that point the trend moves to wages increase and welfare reduction. That’s how it works.That’s not necessarily true. Prime rate was 3.25% for most of BHOs presidency and we still had a record number of people on welfare. It started going up under Trump as sits at 4.75% now after being as high as 5.5%. That means borrowing costs are higher for the Govt and businesses. Our interest expense on our debt is costing us 150bps more, that’s huge on $23tr (nearly $350bn).
Trump eased many stupid regulations too.
Fed rates should go up during growth years and depressed during recessions. The rate hikes were not huge and were done responsibly. It’s a weak excuse to defend the fact that Trump railed on Obama for not breaking 3% growth while promising to get 4-5% and he hasn’t even broken 3% himself while managing the “best economy ever”. It’s gonna be fun to see his own rhetoric from 2016 thrown back in his face this election cycle
there are nearly 7 million job openings that arent filled in the US .... America is back ..but if your party is allowed back in the White house then business busting taxes and regs will undo it all .
what period created more jobs... Obama’s last 3 years or Trumps first 3 years?
pal i was employed during the recession of the early 80s and during the the last recession ! and let me tell you something that i saw when Trump took over ! i saw this economy skyrocket ! so you can sit back and talk all the crap you want about the historic recovery and boom going on right now under the current administration ..but the facts are the facts ! your truth [a term used by leftist like you] matters not ! and when he gets reelected and we take back the house and kick the crooked obstructionist out of office even more will get done to help this country ! and even though early in Obama's admin more jobs were created it was after the economy bottomed out ! it was Americas and Americans strength and resilience that caused that ! not Obamas policies ! and it was not sustained growth nor were they the manufacturing jobs that were the backbone of this country ! wages did not increase like they have now ! the average household is bringing in nearly 5000 more a yr ! no Obama did not save this country he hampered growth ! we should have come out of the recession a lot faster than we did ! remember it was Obama that said under his administration that energy costs [the fuel of our economy ] would necessarily skyrocket ! and that manufacturing jobs were a thing of the past ! what regs did Obama cut or taxes did he lower to help business ?? what bad trade deals did he get us out of and what new and better trade deals did he push ? you hate Trump i get it ... and for you its personal ... its emotional ...but you better get used to the fact that he's going to be reelected and win by a landslide .
Believe what ever you want. You obviously are not an Obama fan so I dont expect you to give him credit. Credit the republicans in congress like most Reps do... but you can’t deny that the numbers Trump brags about we’re there before he took the reins. In today’s world of a million narratives you can find whatever justification to blame or support whoever you want for any situation. Luckily, numbers don’t lie
i said more jobs were created early in Obamas admin commie .... but i dont give him credit for it ! i ran my own business during your dear leaders anti business anti American reign ! but the fact of the matter is this and its simple Obama was not and is not business friendly especially small business friendly .business owners held on to their money and did not invest in growth ..their main strategy was to ride out Obamas far left reign ...and when he left and Trump was elected BAM !! THE ECONOMY DID NOT CREEP UP AT A SNAILS PACE IT EXPLODED !