The Trump Recession Begins

[edthecynic]

you hate Bush because he added $6 trillion to the debt, but you love Obama because he added $10 trillion to the debt.

Obama did not add 10 trillion to the debt. The GOP National Debt was 12 trillion at the end of Bush's last fiscal year. Then you add the interest on the GOP national Debt, another 2 trillion you can't blame on Obama, unless of course you want to blame all interest on the debt Tramp inherits on him, then you add the recurring debt on Bush's two wars including lifelong medical expenses and that leaves only about 3 trillion of debt that can be linked to Obama.

 

[edthecynic]

The record number on food stamps was due to the Great Bush Recession.

And if someone had "created" 15 million jobs, that recession would be over. Epic fail.

The Great Bush Recession ended June 2009.

 

[edthecynic]

The record number out of the work force is due to the record number of Boomers retiring.

So you just admitted that Obama isn't creating new jobs at all. People are simply retiring, opening up jobs for the previously unemployed.

In addition to over 4 million previously unemployed workers finding jobs, there are nearly 10 million more total people working then when Obama took office.

So thank you for not only admitting that Obama created 10 million new jobs, but he also moved 4 million from unemployed to a job.

 

[Claudette]

How many of those jobs were part time??

How many people just dropped out because they couldn't find a job??

Very interesting.

 

[Darkwind]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

U.S. Stocks Close at Record Highs

 

[Claudette]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

U.S. Stocks Close at Record Highs

Yup. Heard that on the news tonight. The stock market loves Trump.

Of course all the lefty loons who bragged for douchebag when the markets were high won't say a word now. LOL

 

[P@triot]

Obama did not add 10 trillion to the debt. The GOP National Debt was 12 trillion at the end of Bush's last fiscal year.

Bwahahahahaha! Listen to this nitwit try to dance around it by saying "last fiscal year".

When Bush stepped down junior, the national debt stood at just over $10 trillion. It's now closing in at $20 trillion. Don't even attempt to blame Obama's reckless spending in 2009 on Bush.

 

[P@triot]

The record number on food stamps was due to the Great Bush Recession.

And if someone had "created" 15 million jobs, that recession would be over. Epic fail.

The Great Bush Recession ended June 2009.

The next why did Obama keep setting records for the number of people on food stamps in 2010, 2011, 2012?

 

[P@triot]

In addition to over 4 million previously unemployed workers finding jobs, there are nearly 10 million more total people working then when Obama took office.

So thank you for not only admitting that Obama created 10 million new jobs, but he also moved 4 million from unemployed to a job.

Except that you just admitted that those are due to the Baby Boomers retiring.

You credit him with creating 9 million jobs while ignoring that he caused 10 million jobs to be lost. A net loss of 1 million jobs.

 

[Mac1958]

So, let's re-cap:

Futures were down one morning, so a LEFT winger decided that meant a recession was on the way and started a thread on it.

On another thread, a RIGHT winger is saying the stock market is an indicator of the economy: Important Day Today VIA Stock Market.We Are So Close To 19,000.Yah!,But Thanks To Who?

BOTH threads attribute the (up or down) market to Trump's win.

Partisans = Zero credibility.
.

 

[P@triot]

Just out of curiosity edthecynic - why would you keep coming back to a thread you created which absolutely humiliates you? Are you trying to lose credibility with that last person on USMB that isn't aware of your reputation for stuff like this?!?

 

[Claudette]

The market reacts to everything. The downturn was over the uncertainty on a Trump win.

Guess the markets decided his election was a good thing because they are higher than they have ever been.

 

[edthecynic]

Obama did not add 10 trillion to the debt. The GOP National Debt was 12 trillion at the end of Bush's last fiscal year.

Bwahahahahaha! Listen to this nitwit try to dance around it by saying "last fiscal year".

When Bush stepped down junior, the national debt stood at just over $10 trillion. It's now closing in at $20 trillion. Don't even attempt to blame Obama's reckless spending in 2009 on Bush.

The fiscal year does not begin the day a president takes office. $1.2 trillion of the fiscal 2009 $1.4 trillion debt belongs to Bush.

 

[Soggy in NOLA]

Markets top 19,000.....

 

[edthecynic]

In addition to over 4 million previously unemployed workers finding jobs, there are nearly 10 million more total people working then when Obama took office.

So thank you for not only admitting that Obama created 10 million new jobs, but he also moved 4 million from unemployed to a job.

Except that you just admitted that those are due to the Baby Boomers retiring.

You credit him with creating 9 million jobs while ignoring that he caused 10 million jobs to be lost. A net loss of 1 million jobs.

I am ignoring your LIE that Obama caused 10 million jobs to be lost, because it is a LIE you made up. I proved my numbers with actual data, you made up shit.

 

[eflatminor]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

Hey, Edith...how's that prediction of your working out?

Major indexes hit records as post-election rally goes on

 

[edthecynic]

In addition to over 4 million previously unemployed workers finding jobs, there are nearly 10 million more total people working then when Obama took office.

So thank you for not only admitting that Obama created 10 million new jobs, but he also moved 4 million from unemployed to a job.

Except that you just admitted that those are due to the Baby Boomers retiring.

You credit him with creating 9 million jobs while ignoring that he caused 10 million jobs to be lost. A net loss of 1 million jobs.

No, YOU admitted that. I said the increase of not in the labor force was due to Boomers retiring.

And repeating your 10 million LIE does not make it any less a LIE and you any less a LIAR.

 

[edthecynic]

Just out of curiosity edthecynic - why would you keep coming back to a thread you created which absolutely humiliates you? Are you trying to lose credibility with that last person on USMB that isn't aware of your reputation for stuff like this?!?

After your 10 million lie, what makes you think you have credibility????

 

[P@triot]

The fiscal year does not begin the day a president takes office. $1.2 trillion of the fiscal 2009 $1.4 trillion debt belongs to Bush.

All the outgoing president does is set the budget, nitwit. The onus is on the incoming president to stay within that budget. As with everything else Obama did, he failed to do so.

No matter how desperate you are to spin this, it won't work. You just keep making yourself look dumber.

 

[P@triot]

In addition to over 4 million previously unemployed workers finding jobs, there are nearly 10 million more total people working then when Obama took office.

So thank you for not only admitting that Obama created 10 million new jobs, but he also moved 4 million from unemployed to a job.

Except that you just admitted that those are due to the Baby Boomers retiring.

You credit him with creating 9 million jobs while ignoring that he caused 10 million jobs to be lost. A net loss of 1 million jobs.

I am ignoring your LIE that Obama caused 10 million jobs to be lost, because it is a LIE you made up. I proved my numbers with actual data, you made up shit.

No...you're doing what you do best. Ignoring facts.