If you listened to Trump's America is in the toilet speech on Friday you realized that there is nowhere to go but up. Never have I heard such a dour, tragic picture painted of our country by it's leader. We must be worse off than anyone could have imagined. Consequently.... Trump as one who is as narcisistic and egomaniacal as he is has put himself in a position to do anything at all and have the results be perceived as being at least as good as what exists based on his assessment of the nation's current miserable status. Such a maestro of illusion that guy is and supreme credit taker. Here we go.... :lol: 8)
Dave I left the light on outside at the dispensary for you, keep in mind there is only enough for 4 years, your on your own after that point...
Which part did you disagree with Dave? And don't waste my time with partisan ********. Back your claims.
That's ok because if you listened to the outgoing narcissist we're in fabulous shape. That's right the president who had the absolute worst GDP growth in US history claims that things are just great. The first step in the road to recovery is recognizing that you have a problem. Those with their head in the sand (or up their asses) just don't want to admit that there's a serious problem.
Alternative facts seem to be Trump's specialty.... and apparently his supporters too: https://www.bloomberg.com/view/articles/2017-01-19/ranking-the-obama-economy By tallying and ranking the annual improvement in each of these measures under each of the last six presidents, it’s possible to assign an average overall economic-progress score. The scoring gives equal weight to each measure, so if you think some deserve more weight because they’re more important, you’ll have a bone to pick with the methodology. Still, it’s a reasonable guide, even if a rough one. By these measures, the economy strengthened the most between 1993 and 2000, when President Bill Clinton was in office, followed by the Obama years, 2009-2016. So whatever you think of Obama’s policy choices, the U.S. economy did better while he was in the White House than it did under all but one of his five most recent predecessors.
I say this every time economic downturns are blamed on presidencies and economic recoveries are credited to presidents. The government, and especially the president, has little to nothing to do with eitther. It's a function of the natural economic cycle of supply and demand which moves up and down over time. In 2008, there were unique circumstances like the mortgage bubble, which greatly exacerbated the downturn, but it was not Bush's fault, although the Dems were quick to blame him. Likewise, the recovery over the past 8 years was due to the natural ebb and flow of the economy and was not Obama's accomplishment. The bottom line is the old saying, It's the economy, stupid!
This statement I agree with..... mostly because I'm not a rabid supporter of alternative facts. When things are about as bad as they get with the economy it's a pretty good time to be the man in charge of bringing it back. That's why in my opinion Trump needed to paint as bleak a picture as he could in order to make himeself look as good as possible when things at least don't get worse and if they do get worse then there's that rat bastard to point at before him that screwed things up for his efforts.
The difference Stu is that in early 2009 as I searched for a job in a depression it was easy to look back at what happened and not be too happy with the greedy son of a bitches who promoted and benefitted from it and with anyone turning their head and looking the other way while it went down.
Ok.... these are not alternative facts below.... unless if they don't work out in his favor Trump comes up with some of his own.... Lol: Jan. 21, 2017 Gas - $2.31 per gallon DOW - 19,827 Nasdaq - 5,555 Unemployment - 4.7% Apparently in his own words only Donald Trump can pull us out of such misery as represented by those numbers above. Let's see how we do! Go Donald!!!
George I wasn't so miserable until Trump told me during his inauguration speech that we were indeed miserable souls here in America locked into a terrible situation that only he.... the Great Donald Trump.... could rectify. I'm just glad he's gonna fix it... :cry: 8)
As we all know, the President has virtually nothing to do with the price of gas at the pump. Federal, state and local taxes can greatly inflate the pump price. Here in NJ, we just got a .23 state tax hike per gallon in one dose! The DOW. As interest rates continue to climb, the DOW should inversely decline as mor einvestment opportunities open up. The only reason the market is this high is that for years it has been the only place to invest. NASDAQ. The same. Unemployment. Most economists peg the real rate at 10%+ due to the chronically unemployed who gave up or will not look for work. These yardsticks are meaningless.
Current Labor Participation rate: 62% Lowest ever Hope Donald can do better than Barry who put record numbers on the Govt teet.
I suspect Trump may throw this stat out as something he wants to point to as improving on his watch because of influences such as this: "Republican National Committee Chairman Reince Priebus blamed the shrinking participation rate on “the Obama economy,” but economists say most of the decline, which has been happening for more than a decade, is due to demographics, including the trend of baby boomers reaching retirement age and deciding to no longer work." It's the economists man..... :wink:
Once again complete ********. Many boomers retired early not out of choice but once back in the labor market because of the scarcity of jobs available especially for their age bracket they had no real choice. If you don't count those that have given up and those that were forced into retirement much earlier than planned for you can come up with a completely bogus unemployment number.
The Dow is up 1,700 pts. since Trump was elected. Obviously a successful presidency by some standards.
OK Jan. 8, 2018 Gas $2.49 Dow 25,283 (and keep in mind over 1000 of Obama's total was after Trump was elected.) Nasdaq 7157 Unemployment 4.1% The Fed has been raising interest rates because for the first time in almost a decade, they feel that the economy is healthy enough to absorb it. The Fed is also unwinding its positions from quantitative easing. As far as the stats, if this were a prize fight Trump would win with a first round KO.