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Thread: Trump did not boom the economy. Here is the proof.

  1. #11
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    Only dullards or partisans claim that Trump did not boost the economy.

    These fools should put their money on the line. I would like to see them bankrupt- and with zero federal aid.
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  3. #12
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    carolina73's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    Cutting taxes expands the economy and increases federal revenue.

    Is that the right call? We should be limiting federal revenue. Stop the spending.
    I think there are limits to that statement. At some point you can no longer run and defend the country.

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    Quote Originally Posted by carolina73 View Post
    I think there are limits to that statement. At some point you can no longer run and defend the country.
    I know. Anyway both parties are thieves. Prepare for the crash. I am ready.
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    Chris's Avatar Senior Member
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    Quote Originally Posted by TheLiquidGuy View Post
    For as long as Trump has been president, his supporters have been pretending that his deregulation and tax policies made it all possible.This is demonstrably false. Take a look...

    Let's start with unemployment.
    It is perfectly true to say that under Trump we have the lowest unemployment since the 60s.
    But nothing is as simple as republicans would like you to believe.
    As you can see in the chart below, Obama inherited an abysmal unemployment rate from the previous republican president...10%
    The chart shows how --over the course of 8 years-- unemployment dropped to about 4.7%.
    But wait! Here comes Trump to save the day! During the next two years Trump continued the trend that Obama started.Who gets the credit? I'll let you decide.
    Attachment 27402



    Under president Trump the stock market is higher than ever!
    Again, technically this is a true statement. But it is also misleading.
    As you can see from the graph the stock market simply continued the upward trajectory that Obama started when he was elected.
    The first big red arrow indicates when Obama was elected. The second big red arrow indicates when Trump was elected.
    Attachment 27403


    Trump has the best GDP growth ever!
    The last two bars on the graph are the annual GDP growth for Trump in his first two years: 2017 and 2018
    You may notice that these two years closely resemble the bars for Obama in 2014 and 2015.
    In other words, the Trump miracle economy is nothing that we haven't seen before.
    Regarding the first two negative growth years I think it's fair to give Obama some slack for those years because after all, he did inherit a disaster from his republican predecessor and needed some time to clean up.
    Attachment 27404

    It looks to me like your data supports the 80/20 (Pareto) rule. And if that's the case, O had the easy 80% and T the hard 20%.

    Even the easy 80% was prolonged compared to previous recession recoveries--see The Numbers Game where you can find four videos explaining that.

    BTW, I wouldn't call the current economic situation a boom, just slow steady growth.
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    More than half the health care industry is insurance. We survived many centuries without insurance along with lawyers and they made your health care far more expensive. Government did not get involved with your retirement or health care until very recent history.
    Last edited by carolina73; 11-11-2019 at 05:36 PM.

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    Meamwhile more jobs which were lost forever are returning, new jobs are being created, wages are rising and the stock exchange continues to post new record highs.


    If Democrats plan on running against the condition of the economy, they'll look foolish

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    Quote Originally Posted by carolina73 View Post
    More than half the health care industry is insurance. We survived many centuries without insurance along with lawyers and they made your health care was made far more expensive. Government did not get involved with your retirement or health care until very recent history.
    And a lovely mess they made of it too.

    The government is not anyone's friend. Some just haven't comprehended that yet.
    I never lose.... I either win, or I learn.

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    Quote Originally Posted by Collateral Damage View Post
    And a lovely mess they made of it too.

    The government is not anyone's friend. Some just haven't comprehended that yet.
    "The nine most terrifying words in the English language are...."
    Edmund Burke: "In vain you tell me that Artificial Government is good, but that I fall out only with the Abuse. The Thing! the Thing itself is the Abuse!"

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    Quote Originally Posted by TheLiquidGuy View Post
    I take your point. But please try to understand mine. I am not saying that Obama was an economic genius. I am saying that based on the graphs I have presented, Trump and his advocates are not allowed to claim so either.
    The difference being is the real gains for the common man. Wages up another 3% year over year according to the Department of Labor. Unemployment up a tick to 3.6%. That is not Obama's economy.

    https://www.dol.gov/newsroom/releases/osec/osec20191101

    Obama's economy was sluggish coming back, and stayed sluggish. Confidence was mediocre at best.

    Trump has many flaws to be sure, but one cannot say that Obama had any economic influence at this point.
    I never lose.... I either win, or I learn.

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    Quote Originally Posted by Chris View Post
    "The nine most terrifying words in the English language are...."
    Besides 'Some assembly required'... lol
    I never lose.... I either win, or I learn.

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