Sorry Obama, But It's Trump's Economic Boom, Not Yours

[Toddsterpatriot]

average growth 2010-2016 was 2.2% and for 2017 and 2019, 2.5%.

Yes, Trump's growth is better.

You just slipped into idiotsville. How about your read his entire statement t which was honest fair and compete and not just cherry pick. It’s called honest debate...

How about a truthful straight forward answer to this question. Whose average GDP was higher. Obama in 2014 and 2015 or Trump in 2017 and 2018???

How about your read his entire statement t which was honest fair and compete and not just cherry pick.

Cherry pick?

Whose average GDP was higher. Obama in 2014 and 2015

Like that? LOL!

Yes, cherry pick, take part of the statement and ignore the rest. Cherry pick

Yes, cherry pick, take part of the statement and ignore the rest.

Yes, cherry pick, take two years and ignore the rest. Cherry pick.

I didn’t ignore the rest. I said Obama’s 7 year average is lower than trumps two year and other two year spans of Obama’s are lower than trumps two years. That’s acknowledgement not ignoring or cherry picking. But my question to you is about that two year span of Obama’s. Were those two years booming or subpar?

I said Obama’s 7 year average is lower than trumps two year

Thanks for admitting the truth.

 

[Crepitus]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Umm no. Sorry but tarump did inherit a healthy and growing economy. Things have gotten worse since he took over. The market has been essentially flat for about a year and a half, while unemployment has continued to fall for the most part job creation has slowed pretty drastically. Tariffs, failed (or voided) trade deals, all that stuff is dragging on the economy. tRump's little giveaway to the corporations pushed it back by a year or so but the crash is coming. And soon too.

 

[Crepitus]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

That must have been why my 401k lost money steadily from 2012 until Trump has elected and it recovered.

(This really happened and it drives the filth wild. Watch and see.)

That's either a lie or a really poor investment strategy.

 

[Toddsterpatriot]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Umm no. Sorry but tarump did inherit a healthy and growing economy. Things have gotten worse since he took over. The market has been essentially flat for about a year and a half, while unemployment has continued to fall for the most part job creation has slowed pretty drastically. Tariffs, failed (or voided) trade deals, all that stuff is dragging on the economy. tRump's little giveaway to the corporations pushed it back by a year or so but the crash is coming. And soon too.

Sorry but tarump did inherit a healthy and growing economy

Yup. In 2016, GDP grew 1.6%.

Things have gotten worse since he took over.

You're mistaken (lying?). 2017 was 2.2% and 2018 was 2.9%.

 

[Crepitus]

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

GDP is only one indicator. You are wrong on the big picture. You argument is with Investor's Business Daily not me..

Trump rescued America from the economic oblivion under Obama
Trump rescued America from the economic oblivion under Obama

Even in the midst of the economic boom America is enjoying under the stewardship of Donald Trump, Democratic candidates are suggesting we return to the failed policies of Barack Obama. Since President Trump took office two years ago, the national economic engine has been roaring, generating widespread prosperity across every corner of the country.

Our unemployment rate stands at 3.8 percent, a remarkable figure most presidents never achieve during their time in office. The unemployment rate during the first 26 months of the Trump administration averaged 4.1 percent, the lowest rate of any administration since the Bureau of Labor Statistics started tracking the statistic in 1948. The labor market continues growing stronger every month, consistently beating the expectations of all the skeptical establishment economists who continue to forecast an impending recession. The country added a solid 196,000 jobs last month, which comfortably exceeded the predicted increase of 170,000 jobs.

During the first 26 months of the Obama administration, on the other hand, the unemployment rate spiked all the way to 10 percent, and then stayed stubbornly above 9 percent. While those discouraging numbers were in large part a product of the Great Recession, job creation had remained unfortunately sluggish throughout the remainder of his time in office. The official unemployment rate also masked the severity of economic misery under President Obama because a modest increase in part time jobs took attention away from the loss of full time employment opportunities. The result was widespread underemployment, which forced many working families to simply make do with lower incomes.

Under President Trump, full time jobs have rapidly replaced part time jobs, providing workers with the sort of financial stability they need to provide for their families and make long term plans such as saving or college or buying a home. This is no modest achievement, nor is the economic growth over the past two years. In 2016, the final year under President Obama, real gross domestic product grew by just 1.6 percent, which was also the average growth rate during all of his eight years in office. Under President Trump, growth increased to 2.2 percent in 2017, jumped again to 2.9 percent in 2018, and rose to an incredible 3.2 percent earlier this year.

By adopting policies that put our nation first, such as cutting taxes to make businesses more competitive and allow workers to keep more of their paychecks, eliminating wasteful regulations, and protecting our workers from unfair foreign competition by renegotiating outdated trade deals, President Trump has been the polar opposite of his predecessor. President Obama heavily regulated the financial industry in an attempt to reduce economic risk, but this strategy of punishing bankers only ended up dragging down growth. He also championed poorly negotiated trade deals that put our workers at a disadvantage, such as the Trans Pacific Partnership that President Trump wisely scrapped after taking office.

The results of these wildly different approaches speak for themselves. After enduring a moribund “recovery” for eight years under President Obama, the economy shifted into high gear after President Trump took office, and domestic growth has only continued to accelerate ever since. With the 2020 election rapidly turning into a referendum on socialism, it is important to remember that the free market policies of President Trump are what rescued us from the economic calamity brought on by the big government liberalism that the Democrats are still pushing to this day

You can't post OP/ED pieces and call them facts kid. They are someone's opinion.

 

[Crepitus]

........the reason we have mass immigration now.
For believing the lying Dems.

Democrats are congenital liars.

Always hilarious when some bloody tRumpkin tries to accuse someone else of lying.

 

[Slade3200]

That’s not what it shows... we only have two years of trump vs 7 of Obama. Take Obama’s best two consecutive years and he has a higher average than Trumps. During those two years did you tout the economic boom? I don’t think so. You complained that he didn’t break 3%. Has Trump broken 3%? No. Did he say he would get 4 maybe 5% when he campaigned? Yes. I think my point is very clear. Y’all are politicizing this whole thing and very transparent about it.

That’s not what it shows... we only have two years of trump vs 7 of Obama.

Trump's two years average higher than Obama's seven.
I agree with your link. Thanks.

Exactly. If your gonna compare apples to apples you need a 7 year average from trump which you dont have. And the facts remain that Trumps amazing booming economy’s GDP was exceeded by Obama in 2014 and 2015z that’s what my link shows. Are you going to give Obama credit for those two years?

Obama gets credit for all of his years.
Even though that means his average is lower than Trump's.

True, but I’m asking you about 2014 and 2015 and you’ve dodged answering 3 times now. You done or do you wanna give a real answer?

True, but I’m asking you about 2014 and 2015

Yes, I saw your cherry picking. What about it?

Does Obama get credit for a Booming economy during those two years like Trump is getting now?

 

[Crepitus]

Seriously dude, who is running your money for you? If your 401K lost money from 2012 to 2017 then you need to find a new money manager.........

What's that got to do with the thread topic:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Talk to Mikey, he brought it up.

 

[Slade3200]

You just slipped into idiotsville. How about your read his entire statement t which was honest fair and compete and not just cherry pick. It’s called honest debate...

How about a truthful straight forward answer to this question. Whose average GDP was higher. Obama in 2014 and 2015 or Trump in 2017 and 2018???

How about your read his entire statement t which was honest fair and compete and not just cherry pick.

Cherry pick?

Whose average GDP was higher. Obama in 2014 and 2015

Like that? LOL!

Yes, cherry pick, take part of the statement and ignore the rest. Cherry pick

Yes, cherry pick, take part of the statement and ignore the rest.

Yes, cherry pick, take two years and ignore the rest. Cherry pick.

I didn’t ignore the rest. I said Obama’s 7 year average is lower than trumps two year and other two year spans of Obama’s are lower than trumps two years. That’s acknowledgement not ignoring or cherry picking. But my question to you is about that two year span of Obama’s. Were those two years booming or subpar?

I said Obama’s 7 year average is lower than trumps two year

Thanks for admitting the truth.

Not hard to do. Yet you’ve avoided addressing my questions how many times now? 4?

 

[danielpalos]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy” Name one stat where you think Trump has significantly increased the growth rate.

Optimism is at 96% .. under Obama it was 42%

That’s wonderful... what’s your point?

That’s investment, lol
Obama created 30 hour a week shake shack jobs, they exploded good job obama lol

Obama lost 1,600 thousand manufacturing jobs a month, trump gains a thousand manufacturing jobs a month... democrats can’t govern

Yeah, trump got a great bump with the excitement over tax cuts. The market rose and investment rose. That buzz is over now so we will see how it shakes out. I don’t give a shit about optimism... that’s marketing and not real.

I’ve always looked to reps to be the fiscally responsible party. Dems do the social justice work... I’m not going to get into an Obama Trump piss contest. Both sides are lying and exaggerating their asses off. The partisanship is at an all time high. Honest discussions are few and far between.

The Best Tax Cut Economics can do:
U.S. National Debt Clock : Real Time

 

[Crepitus]

No error... was 2014 and 2015 when Obama had higher GDP growth than trump a booming economy or part of the worst recession in history? Face it. You either need to give Obama credit for the years he exceeded trumps numbers or you need to admit Trumps great economy is Hyperbolic

No error...

You said.....

The rate of growth during Obama’s “worst recovery ever” was the same as Trumps “booming economy”

Your link showed that Obama's average was less than Trump's.

That’s not what it shows... we only have two years of trump vs 7 of Obama. Take Obama’s best two consecutive years and he has a higher average than Trumps. During those two years did you tout the economic boom? I don’t think so. You complained that he didn’t break 3%. Has Trump broken 3%? No. Did he say he would get 4 maybe 5% when he campaigned? Yes. I think my point is very clear. Y’all are politicizing this whole thing and very transparent about it.

That’s not what it shows... we only have two years of trump vs 7 of Obama.

Trump's two years average higher than Obama's seven.
I agree with your link. Thanks.

Exactly. If your gonna compare apples to apples you need a 7 year average from trump which you dont have. And the facts remain that Trumps amazing booming economy’s GDP was exceeded by Obama in 2014 and 2015z that’s what my link shows. Are you going to give Obama credit for those two years?

I'd give Obama credit for ruining the military and the economy and jobs.

Except that those things didn't happen.

 

[Toddsterpatriot]

That’s not what it shows... we only have two years of trump vs 7 of Obama.

Trump's two years average higher than Obama's seven.
I agree with your link. Thanks.

Exactly. If your gonna compare apples to apples you need a 7 year average from trump which you dont have. And the facts remain that Trumps amazing booming economy’s GDP was exceeded by Obama in 2014 and 2015z that’s what my link shows. Are you going to give Obama credit for those two years?

Obama gets credit for all of his years.
Even though that means his average is lower than Trump's.

True, but I’m asking you about 2014 and 2015 and you’ve dodged answering 3 times now. You done or do you wanna give a real answer?

True, but I’m asking you about 2014 and 2015

Yes, I saw your cherry picking. What about it?

Does Obama get credit for a Booming economy during those two years like Trump is getting now?

You give him all the credit you want.
If you ignore all his weak quarters, you could try to claim he was awesome.

 

[Crepitus]

Funny that almost to the day Trump was elected it took off.

Markets react to good news. There were lots of stories right after the election about how Trump winning was already causing economic good news, before he even took office. Smart people know that Hillary would have been a disaster.

Tramp economy is what Obama's left to him......

Good Lord you're an idiot.

Don't be stupid. tRump and his Russian comrades were spreading lies about all terrible things that were happening (that weren't really happening) and all the worse things that would happen if Clinton got elected (that wouldn't have) and them immediately switched directions after the election, saying how great thing we're now and getting even better soon. The markets run on perception, and gullible idiots will believe almost anything.

 

[Toddsterpatriot]

How about your read his entire statement t which was honest fair and compete and not just cherry pick.

Cherry pick?

Whose average GDP was higher. Obama in 2014 and 2015

Like that? LOL!

Yes, cherry pick, take part of the statement and ignore the rest. Cherry pick

Yes, cherry pick, take part of the statement and ignore the rest.

Yes, cherry pick, take two years and ignore the rest. Cherry pick.

I didn’t ignore the rest. I said Obama’s 7 year average is lower than trumps two year and other two year spans of Obama’s are lower than trumps two years. That’s acknowledgement not ignoring or cherry picking. But my question to you is about that two year span of Obama’s. Were those two years booming or subpar?

I said Obama’s 7 year average is lower than trumps two year

Thanks for admitting the truth.

Not hard to do. Yet you’ve avoided addressing my questions how many times now? 4?

Not hard to do.

You haven't seen that notfooled guy, have you?

 

[Crepitus]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Umm no. Sorry but tarump did inherit a healthy and growing economy. Things have gotten worse since he took over. The market has been essentially flat for about a year and a half, while unemployment has continued to fall for the most part job creation has slowed pretty drastically. Tariffs, failed (or voided) trade deals, all that stuff is dragging on the economy. tRump's little giveaway to the corporations pushed it back by a year or so but the crash is coming. And soon too.

Sorry but tarump did inherit a healthy and growing economy

Yup. In 2016, GDP grew 1.6%.

Things have gotten worse since he took over.

You're mistaken (lying?). 2017 was 2.2% and 2018 was 2.9%.

Gdp isn't the whole story son.

 

[Toddsterpatriot]

Funny that almost to the day Trump was elected it took off.

Markets react to good news. There were lots of stories right after the election about how Trump winning was already causing economic good news, before he even took office. Smart people know that Hillary would have been a disaster.

Tramp economy is what Obama's left to him......

Good Lord you're an idiot.

Don't be stupid. tRump and his Russian comrades were spreading lies about all terrible things that were happening (that weren't really happening) and all the worse things that would happen if Clinton got elected (that wouldn't have) and them immediately switched directions after the election, saying how great thing we're now and getting even better soon. The markets run on perception, and gullible idiots will believe almost anything.

tRump and his Russian comrades were spreading lies about all terrible things that were happening

Did the nasty Russians trick you into voting for Trump?

 

[Slade3200]

Exactly. If your gonna compare apples to apples you need a 7 year average from trump which you dont have. And the facts remain that Trumps amazing booming economy’s GDP was exceeded by Obama in 2014 and 2015z that’s what my link shows. Are you going to give Obama credit for those two years?

Obama gets credit for all of his years.
Even though that means his average is lower than Trump's.

True, but I’m asking you about 2014 and 2015 and you’ve dodged answering 3 times now. You done or do you wanna give a real answer?

True, but I’m asking you about 2014 and 2015

Yes, I saw your cherry picking. What about it?

Does Obama get credit for a Booming economy during those two years like Trump is getting now?

You give him all the credit you want.
If you ignore all his weak quarters, you could try to claim he was awesome.

I’m happy to talk about his many weak points in a different conversation. This conversation is about those two years and your avoidance of answering a straight question

 

[Crepitus]

Funny that almost to the day Trump was elected it took off.

Markets react to good news. There were lots of stories right after the election about how Trump winning was already causing economic good news, before he even took office. Smart people know that Hillary would have been a disaster.

Tramp economy is what Obama's left to him......

Good Lord you're an idiot.

Don't be stupid. tRump and his Russian comrades were spreading lies about all terrible things that were happening (that weren't really happening) and all the worse things that would happen if Clinton got elected (that wouldn't have) and them immediately switched directions after the election, saying how great thing we're now and getting even better soon. The markets run on perception, and gullible idiots will believe almost anything.

tRump and his Russian comrades were spreading lies about all terrible things that were happening

Did the nasty Russians trick you into voting for Trump?

No you idiot, they tricked you into doing it.

 

[Toddsterpatriot]

ME: Its time to set the record straight against all the pinheads who say Trump inherited a good economy from the Kenyan Pig. Trump inherited garbage. A survey of 68 business, financial and academic economists by The Wall Street Journal at the start of this 2018 found that most believed Trump's policies would boost the economy, while the same group had said Obama's policies were a drag on long-term growth. Ninety percent said Trump's tax cuts would accelerate growth. It is what the left would, in another context, call a "scientific consensus." So here we go Leftists, read and learn:

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Umm no. Sorry but tarump did inherit a healthy and growing economy. Things have gotten worse since he took over. The market has been essentially flat for about a year and a half, while unemployment has continued to fall for the most part job creation has slowed pretty drastically. Tariffs, failed (or voided) trade deals, all that stuff is dragging on the economy. tRump's little giveaway to the corporations pushed it back by a year or so but the crash is coming. And soon too.

Sorry but tarump did inherit a healthy and growing economy

Yup. In 2016, GDP grew 1.6%.

Things have gotten worse since he took over.

You're mistaken (lying?). 2017 was 2.2% and 2018 was 2.9%.

Gdp isn't the whole story son.

Gdp isn't the whole story son.

What is, "Something that guys with crappy GDP say?"

 

[Toddsterpatriot]

Obama gets credit for all of his years.
Even though that means his average is lower than Trump's.

True, but I’m asking you about 2014 and 2015 and you’ve dodged answering 3 times now. You done or do you wanna give a real answer?

True, but I’m asking you about 2014 and 2015

Yes, I saw your cherry picking. What about it?

Does Obama get credit for a Booming economy during those two years like Trump is getting now?

You give him all the credit you want.
If you ignore all his weak quarters, you could try to claim he was awesome.

I’m happy to talk about his many weak points in a different conversation. This conversation is about those two years and your avoidance of answering a straight question

His more numerous, weak quarters aren't erased by a couple of decent years.