Q1 2019 watch - if under 3.0% - where is Trump’s economic miracle - can Trump beat O’s 2.9% ever?

[Faun]

No, he should be congratulated for ending Bush's Great Recession.

In 5 months! His slow recovery was awesome!

Again, you were shown the rate of employment growth and saw how it's been steady for the last 9 years and you were unable to explain why that rate hasn't increased since trump's been in office.

How many people are available to be hired with unemployment at 3.8%

Why was Obama's GDP growth so weak?
Not enough burdensome regulations?

Why is Trump's GDP growth so weak?

Still cleaning up Obama's assclownery.

You mean the 4.7% unemployment rate (and dropping) Obama handed Trump? Or the record high stock market?

 

[Faun]

Bush's Great Recession was far worse than any other since the Great Depression.

Your point being?

That means it was a much deeper hole to climb out of.

 

[Thinker101]

Bush's Great Recession was far worse than any other since the Great Depression.

Your point being?

That means it was a much deeper hole to climb out of.

Yes indeed....thank you President Trump.

 

[Faun]

No one could have recovered much faster, if at all faster, given the structural damage to the economy. Obama did what needed to be done, which was to dump a shit load of money into the economy to keep it from slipping into a depression; to give time to the private sector to get back on its feet. At the same time, the Federal Reserve did what they had to do by dropping the federal fund rate to its lowest possible rate. All that helped turn the economy around, which began climbing out of the crater in 2010.

No, our economy began its recovery in 2nd quarter of 2009. In previous recessions, we recovered much quicker than the 2007/2008 recession. President Obama's recovery brought back a word used to describe the economy of President Carter, malaise.

Bush's Great Recession was far worse than any other since the Great Depression.

Oh please you guys are so full of shit, Bush inherited a bad recession after silicon valley imploded in the late 90s......calm down bro

You mean the recession that started after Bush became president? The one that likely wouldn't have even been a recession if not for 9.11?

Are you denying that the bursting dot.com bubble led to a recession?

It didn't lead to a recession. It did slow the economy down but not enough to send it into a recession. The NBER stated if not for 9.11, they possibly wouldn't have declared a recession at all.

 

[Faun]

Bush's Great Recession was far worse than any other since the Great Depression.

Your point being?

That means it was a much deeper hole to climb out of.

Yes indeed....thank you President Trump.

LOLOLOL

Only an abject idiot could possibly think Trump pulled us out of that hole.

 

[Markle]

Sure, one led us out of a recession

Yeah, that weak recovery was weak.....

If this is a weak recovery, how come the rate of growth is no greater now under trump than it was under Obama?

If this is a weak recovery,

Weakest recovery since WWII.

Your refusal to answer my question already answered for you.

View attachment 258518

View attachment 258519
Yes, this is the slowest U.S. recovery since WWII

All you've shown is that GDP has been declining for decades.

Where does that appear in the post?

 

[Markle]

No, our economy began its recovery in 2nd quarter of 2009. In previous recessions, we recovered much quicker than the 2007/2008 recession. President Obama's recovery brought back a word used to describe the economy of President Carter, malaise.

Bush's Great Recession was far worse than any other since the Great Depression.

Oh please you guys are so full of shit, Bush inherited a bad recession after silicon valley imploded in the late 90s......calm down bro

You mean the recession that started after Bush became president? The one that likely wouldn't have even been a recession if not for 9.11?

Are you denying that the bursting dot.com bubble led to a recession?

It didn't lead to a recession. It did slow the economy down but not enough to send it into a recession. The NBER stated if not for 9.11, they possibly wouldn't have declared a recession at all.

The DotCom bubble bursting did NOT lead to the recession which began the month after President Bush took office? Come on, you're being facetious, aren't you?

 

[Faun]

No, he should be congratulated for ending Bush's Great Recession.

In 5 months! His slow recovery was awesome!

Again, you were shown the rate of employment growth and saw how it's been steady for the last 9 years and you were unable to explain why that rate hasn't increased since trump's been in office.

How many people are available to be hired with unemployment at 3.8%

Why was Obama's GDP growth so weak?
Not enough burdensome regulations?

Why is Trump's GDP growth so weak?

Compared to...?

LOLOL

Those aren't even actual GDP figures.

 

[Faun]

Bush's Great Recession was far worse than any other since the Great Depression.

Oh please you guys are so full of shit, Bush inherited a bad recession after silicon valley imploded in the late 90s......calm down bro

You mean the recession that started after Bush became president? The one that likely wouldn't have even been a recession if not for 9.11?

Are you denying that the bursting dot.com bubble led to a recession?

It didn't lead to a recession. It did slow the economy down but not enough to send it into a recession. The NBER stated if not for 9.11, they possibly wouldn't have declared a recession at all.

The DotCom bubble bursting did NOT lead to the recession which began the month after President Bush took office? Come on, you're being facetious, aren't you?

Again, the NBER stated it was possible the decline from the dot com bubble was too mild to be a recession and that 9.11 deepened the contraction and may have been an important factor in it becoming a recession.

 

[deanrd]

Help me out, is +3.2% more than Obama's -1.0% in his 9th quarter?

The point of this thread is that Trumpo is going to be the second president in US history to not have a full year above 3.0 percent GDP.

You are all aglow with a 3,2 quarter for TrumpO

Those were a dime a dozen under Obama. When TrumpO hits 5.1 let us know. Because Obama did.

You are all aglow with a 3,2 quarter for Trump

Yes, Trump's +3.2% is much better than Obama's -1.0%

A fucking liar is what you are and you prove it in every economic thread.

Have you no shame at all?

-1% Q1 growth is a cherrypicked number from 2014 and 2011 and those were the ONLY negative growth Qs since the end of recession.

But trumps trillions in tax cuts for needy billionaires was going to give us 5% and 6%. Trump promised.
You Don’t think he lied, do you?

 

[Faun]

If this is a weak recovery, how come the rate of growth is no greater now under trump than it was under Obama?

If this is a weak recovery,

Weakest recovery since WWII.

Your refusal to answer my question already answered for you.

View attachment 258518

View attachment 258519
Yes, this is the slowest U.S. recovery since WWII

All you've shown is that GDP has been declining for decades.

Where does that appear in the post?

If you can't notice the bars get shorter as the years pass, I can't help you.

 

[Thinker101]

Bush's Great Recession was far worse than any other since the Great Depression.

Your point being?

That means it was a much deeper hole to climb out of.

Yes indeed....thank you President Trump.

LOLOLOL

Only an abject idiot could possibly think Trump pulled us out of that hole.

Evidently someone was getting use to the pathetic performance of the previous administration.

 

[Faun]

And you think saying that contradicts....what?

Obama started out with a Great Recession on his hands and it would have been a whole lot deeper if he wasn't on board with the bailout's Bush adminsitration started, QE on monetary side and Stimulus on fiscal side.

Horseshit. Obama's schemes made it worse, not better.

It's always amusing when the USMB's fucking moron chimes in.

A moron is someone who believes that graph supports your claim.

It shows a steady rise in employment for the last 9 years. You know, what fucking morons call a slow recovery.

What it needs to show is that this result was better than doing nothing, and the record of past recessions indicates it isn't.

So? Reagan's recession was much milder and was intentionally induced to reduce inflation.

 

[Faun]

Bush's Great Recession was far worse than any other since the Great Depression.

Oh please you guys are so full of shit, Bush inherited a bad recession after silicon valley imploded in the late 90s......calm down bro

You mean the recession that started after Bush became president? The one that likely wouldn't have even been a recession if not for 9.11?

Technically the recession didn't start until Bush, but I meant when Silcon Valley started to implode BEFORE Bush became President

Dot-com bubble - Wikipedia

The burst of the bubble, known as the dot-com crash, lasted from March 11, 2000, to October 9, 2002.[
March 11, 2000, who was the President of the United States?

Wikipedia??



Regardless, at least you show Bush didn't inherit a recession. Even you admit it started after he became president and you can't inherit something that didn't exist before your presidency.

Actually, he did. The stock market bubble burst during the Clinton administration.

Who said it didn't? It just didn't cause a recession. At least not by itself. 9.11 expanded the contraction into a recession.

 

[Faun]

You mean the recession that started after Bush became president? The one that likely wouldn't have even been a recession if not for 9.11?

Technically the recession didn't start until Bush, but I meant when Silcon Valley started to implode BEFORE Bush became President

Dot-com bubble - Wikipedia

The burst of the bubble, known as the dot-com crash, lasted from March 11, 2000, to October 9, 2002.[
March 11, 2000, who was the President of the United States?

Wikipedia??



Regardless, at least you show Bush didn't inherit a recession. Even you admit it started after he became president and you can't inherit something that didn't exist before your presidency.

Actually, he did. The stock market bubble burst during the Clinton administration.

Technically the recession did not start till March.

https://www.nber.org/cycles.html

We all know what caused it: the bursting of the dot.com stock market bubble, and that happened in the last quarter of the Clinton administration.

You may think you know that but you're a fucking moron.

 

[Faun]

View attachment 258519

So, the slow steady decline of the GDP growth for the last 30 years is Obama's fault?

Has nothing to do with the simple mathematics that the larger some thing gets the harder it is to get high percentage changes.

So, the slow steady decline of the GDP growth for the last 30 years is Obama's fault?

Obama should be congratulated for the slowest recovery since WWII?

No, he should be congratulated for ending Bush's Great Recession.

That recession ended before Obama was inaugurated.

Fucking moron, the recession ended in June, 2009.

https://www.nber.org/cycles/

 

[Markle]

In 5 months! His slow recovery was awesome!

Again, you were shown the rate of employment growth and saw how it's been steady for the last 9 years and you were unable to explain why that rate hasn't increased since trump's been in office.

How many people are available to be hired with unemployment at 3.8%

Why was Obama's GDP growth so weak?
Not enough burdensome regulations?

Why is Trump's GDP growth so weak?

Compared to...?

Compared to Obama...Trump's best year is no better than Obama's best year

The average?

 

[Faun]

If this is a weak recovery, how come the rate of growth is no greater now under trump than it was under Obama?

As you know, the rate of growth is indicated by the GDP which is above that of failed former President Barack Hussein Obama.

Are you serious? Once you get down to full employment it is extremely difficult to push it down further below that level. That makes sense, doesn't it? Today we have far more job openings than we do jobs. Unemployment for blacks is the lowest in history and wages are beginning to increase.

Black unemployment dropped from 16.8% to 7.7% under Obama. That was not much higher than the record low when Trump became president. within a few months, it was already down to 7.1%, 0.1 point above the record.

 

[airplanemechanic]

If this is a weak recovery, how come the rate of growth is no greater now under trump than it was under Obama?

As you know, the rate of growth is indicated by the GDP which is above that of failed former President Barack Hussein Obama.

Are you serious? Once you get down to full employment it is extremely difficult to push it down further below that level. That makes sense, doesn't it? Today we have far more job openings than we do jobs. Unemployment for blacks is the lowest in history and wages are beginning to increase.

Black unemployment dropped from 16.8% to 7.7% under Obama. That was not much higher than the record low when Trump became president. within a few months, it was already down to 7.1%, 0.1 point above the record.

Raw numbers don't tell the whole story.

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

Under Obama, people were dropping out of the labor market at record rates, thus black unemployment was down. Under Trump, labor participation is at record highs, meaning unemployment rates are actual indicators of the number of unemployed. Or at the very least, aren't simply a reflection of a dead job market and nobody bothering to look for work.

The unemployment rate will decline if people exit the labor force, meaning workers retire or give up on the American Dream. As the labor participation rate declines, unemployment will decline.

That’s how BLS methodology works.

Under Mr. Obama, that trend was clear and his supporters sought to explain it away with demographic changes. That was partially true. Baby-boom retirements assuredly contributed, but it wasn’t the full picture.

When labor force participation and the equally important but less-cited employment-population ratio rises, and yet unemployment continues to fall as people enter the labor force, it’s a far stronger labor market.

Put plainly, it’s real.

It’s also worth pointing out the increase in labor force participation for all races after Mr. Obama’s tenure is occurring despite those dastardly demographic pressures.

Labor market is thriving far better under Trump than under Obama

Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009

Obama Economy: 9.9M More Employed, But 14.6M Left Labor Force

At no point under Obama's 8 years was there a time when we had more job openings than we had people looking for work. Trump hit that point long ago.

 

[Markle]

Bush's Great Recession was far worse than any other since the Great Depression.

Your point being?

That means it was a much deeper hole to climb out of.

So what? Did the other recessions not recover much faster than failed former President Barack Husein Obama?

Are you aware that the Socialist policies implemented by FDR extended the Great Depression by seven years, Former President George Bush made the same mistake and failed former President Barack Hussein Obama doubled down on the mistakes.