Trumps economy...doesn't measure up if you look at data.

Happygoluckky

Well-known member
Obama Economy Vs. Trump Economy: The Charts Don't Lie




The Washington Post's Heather Long provides 15 charts comparing the track records of the Obama Administration with the COVID Donnie regime to expose the risible Trump talking point that he inherited an economic mess and made the "best economy in history" from it. We've selected just four (click to enlarge):









So, to summarize the obvious for those low- information voters, COVID Donnie inherited a good and growing economy from President Obama, with relatively steady growth, rising manufacturing output, and falling unemployment, including Black unemployment. COVID Donnie's criminal malfeasance in handling the coronavirus pandemic led to those gains being lost and to the economic misery we're currently experiencing. Class dismissed.

 
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Tesoro

Well-known member
Obama Economy Vs. Trump Economy: The Charts Don't Lie




The Washington Post's Heather Long provides 15 charts comparing the track records of the Obama Administration with the COVID Donnie regime to expose the risible Trump talking point that he inherited an economic mess and made the "best economy in history" from it. We've selected just four (click to enlarge):









So, to summarize the obvious for those low- information voters, COVID Donnie inherited a good and growing economy from President Obama, with relatively steady growth, rising manufacturing output, and falling unemployment, including Black unemployment. COVID Donnie's criminal malfeasance in handling the coronavirus pandemic led to those gains being lost and to the economic misery we're currently experiencing. Class dismissed.

What policy did Obama implement to make this happen? Forcing gay marriage on the US? Forcing a sham healthcare system on the US? Being anti business (those evil private jet owners need to pay their fair share!) What was it happy..what was his secret?
 

Hammerdrill

Well-known member
LOL, Happy is unable to understand, that if you shut down your economy, your economic numbers will look, not just bad, but really bad.
 

ProV1

Well-known member
I don't remember seeing any "we're hiring" signs under obama. Today they're on every corner and have been for almost 4 years. Ask any salesman. they will tell you the difference.
LOL...Base your opinion on "help wanted signs" rather than jobs added per the US Department of Labor. I hope you don't apply that rationale to how you manage the rest of your life.
 

Tesoro

Well-known member
LOL...Base your opinion on "help wanted signs" rather than jobs added per the US Department of Labor. I hope you don't apply that rationale to how you manage the rest of your life.
You must be as smart as Happy. I will base my opinion on help wanted signs....and what I see and hear in my industry. Talk to people who work....who actually make things. Majority of companies are having difficulty finding employees..and having to pay more to get and retain them. Brother who takes care of all of the shipping out of AK Steel can't find enough trucks to cover all of the shipments..he said that is industry wide. Don't rely on Al Sharpton for your economic news.
 

ProV1

Well-known member
What policy did Obama implement to make this happen? Forcing gay marriage on the US? Forcing a sham healthcare system on the US? Being anti business (those evil private jet owners need to pay their fair share!) What was it happy..what was his secret?
You should already know this because it is so obvious but here you go:

1. He stopped the recession. In February 2009, Congress approved Obama's economic stimulus package that was estimated at the time to cost $787 billion. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in 4 months after this stimulus in June 2009 when GDP growth turned positive.

2. In fiscal year 2009, he signed the American Recovery and Reinvestment Act that pumped $179 billion into the economy. That increased real GDP growth to a robust rate of 3.7% in the first quarter of 2010.

3. He saved the auto industry by restructuring GM and Chrysler in exchange for loans and working capital for those companies and critical downstream industries. This saved over 4M jobs and forced the entire industry to be more fuel-efficient and much more globally competitive.1

These are all indisputable facts. As are the economic numbers that clearly show the Obama economy on par with the pre-covid Trump economy and much better than Trumps entire economic record to date.
 

ProV1

Well-known member
You must be as smart as Happy. I will base my opinion on help wanted signs....and what I see and hear in my industry. Talk to people who work....who actually make things. Majority of companies are having difficulty finding employees..and having to pay more to get and retain them. Brother who takes care of all of the shipping out of AK Steel can't find enough trucks to cover all of the shipments..he said that is industry wide. Don't rely on Al Sharpton for your economic news.
Well given that unemployment is double what it was when Trump took over, you brother must be living in a tiny bubble. Send him over to Kohl's. They just laid of 15% of their workforce.
 

Tesoro

Well-known member
You should already know this because it is so obvious but here you go:

1. He stopped the recession. In February 2009, Congress approved Obama's economic stimulus package that was estimated at the time to cost $787 billion. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in 4 months after this stimulus in June 2009 when GDP growth turned positive.

2. In fiscal year 2009, he signed the American Recovery and Reinvestment Act that pumped $179 billion into the economy. That increased real GDP growth to a robust rate of 3.7% in the first quarter of 2010.

3. He saved the auto industry by restructuring GM and Chrysler in exchange for loans and working capital for those companies and critical downstream industries. This saved over 4M jobs and forced the entire industry to be more fuel-efficient and much more globally competitive.1

These are all indisputable facts. As are the economic numbers that clearly show the Obama economy on par with the pre-covid Trump economy and much better than Trumps entire economic record to date.
So..in essence, he used tax payer money to prop up the economy. Obama hadn't even ran a lemonade stand. ...I doubt he had a clue.
 

Tesoro

Well-known member
Well given that unemployment is double what it was when Trump took over, you brother must be living in a tiny bubble. Send him over to Kohl's. They just laid of 15% of their workforce.
I must be living in one also. Our country has about a 3% unemployment rate.
 

Tesoro

Well-known member
Well given that unemployment is double what it was when Trump took over, you brother must be living in a tiny bubble. Send him over to Kohl's. They just laid of 15% of their workforce.
Ya think the dems shutting down the economy over a sham pandemic had anything to do with that?
 

thavoice

Well-known member
IF a headline read:
Trump Cures Cancer, AIDS, Corona and the common flu.

DEMOCRATS: Complain he didn't do it sooner.
 

ProV1

Well-known member
Ya think the dems shutting down the economy over a sham pandemic had anything to do with that?
Dems did not shut down the economy you fool. Almost every state in the country had laws that limited certain business and they were all baed on the White House guidance on COVID.. This includes red states like Ohio, Georgia, Florida, and Texas. I'll give you a pass for not knowing that because you likely did not see a sign. Maybe if we had a half reasonable national response, states would have not had to take those actions.
 

Happygoluckky

Well-known member
What policy did Obama implement to make this happen? Forcing gay marriage on the US? Forcing a sham healthcare system on the US? Being anti business (those evil private jet owners need to pay their fair share!) What was it happy..what was his secret?
Can you provide an outline of trumps healthcare plan? Can he? (based on last night ---NO)
 

2manyBats

Well-known member
You Really aren't Up to Speed

You should already know this because it is so obvious but here you go:
jobs and forced the entire industry to be more fuel-efficient and much more globally competitive.1

These are all indisputable facts. As are the economic numbers that clearly show the Obama economy on par with the pre-covid Trump economy and much better than Trumps entire economic record to date.
1. He stopped the recession. In February 2009, Congress approved Obama's economic stimulus package that was estimated at the time to cost $787 billion. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in 4 months after this stimulus in June 2009 when GDP growth turned positive.

This Never Worked - March 2009: Dow Hit the Recession Low
By August, foreclosures kept mounting, dimming hopes of an economic recovery. Banks could have, but didn't, prevent foreclosures by modifying loans. That's because it would further hurt their bottom line. But record foreclosures (360,149 in July) only made things worse for them as well as American families. July's foreclosure rate was the highest since RealtyTrac, a real estate information firm, began keeping records in 2005. It was 32% higher than in 2008.
October 2009: Banks Weren't Lending
In October 2009, unemployment peaked at 10%, the worst level since the 1982 recession. Almost 6 million jobs were lost in the 12 months prior to that

2. In fiscal year 2009, he signed the American Recovery and Reinvestment Act that pumped $179 billion into the economy. That increased real GDP growth to a robust rate of 3.7% in the first quarter of 2010.


many of the Dodd-Frank provisions were too constraining on smaller banks and were limiting economic growth.
Without the credit market functioning, businesses were not able to get the capital they need to run their day-to-day business.
Next To impossible for people to get credit applications approved for home mortgages and even car loans.

They also made banking much more conservative. As a result, many banks didn't lend as much, because they were conserving capital to conform to regulations and write down bad debt. But bank lending was needed to spur the small business growth needed to create new jobs.


3. He saved the auto industry by restructuring GM and Chrysler in exchange for loans and working capital for those companies and critical downstream industries. This saved over 4M jobs and forced the entire industry to be more fuel-efficient and much more globally competitive.1

Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action." Bush provided $13.4 billion

These are all indisputable facts. As are the economic numbers that clearly show the Obama economy on par with the pre-covid Trump economy and much better than Trumps entire economic record to date.
welfare-500.jpg


 

2manyBats

Well-known member
Barrack was getting advice from Guys Like this ..... Band of Idiots

Kerry: Trump Moving U.S. Embassy to Jerusalem Would Lead to a Mideast Explosion
Relocating the U.S. embassy would have a profound impact on Jordan and Egypt's readiness to be supportive of Israel, secretary of state says; Palestinian President Abbas invites Trump to visit Palestine.

 

ProV1

Well-known member
You Really aren't Up to Speed



1. He stopped the recession. In February 2009, Congress approved Obama's economic stimulus package that was estimated at the time to cost $787 billion. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in 4 months after this stimulus in June 2009 when GDP growth turned positive.

This Never Worked - March 2009: Dow Hit the Recession Low
By August, foreclosures kept mounting, dimming hopes of an economic recovery. Banks could have, but didn't, prevent foreclosures by modifying loans. That's because it would further hurt their bottom line. But record foreclosures (360,149 in July) only made things worse for them as well as American families. July's foreclosure rate was the highest since RealtyTrac, a real estate information firm, began keeping records in 2005. It was 32% higher than in 2008.
October 2009: Banks Weren't Lending
In October 2009, unemployment peaked at 10%, the worst level since the 1982 recession. Almost 6 million jobs were lost in the 12 months prior to that

2. In fiscal year 2009, he signed the American Recovery and Reinvestment Act that pumped $179 billion into the economy. That increased real GDP growth to a robust rate of 3.7% in the first quarter of 2010.


many of the Dodd-Frank provisions were too constraining on smaller banks and were limiting economic growth.
Without the credit market functioning, businesses were not able to get the capital they need to run their day-to-day business.
Next To impossible for people to get credit applications approved for home mortgages and even car loans.

They also made banking much more conservative. As a result, many banks didn't lend as much, because they were conserving capital to conform to regulations and write down bad debt. But bank lending was needed to spur the small business growth needed to create new jobs.


3. He saved the auto industry by restructuring GM and Chrysler in exchange for loans and working capital for those companies and critical downstream industries. This saved over 4M jobs and forced the entire industry to be more fuel-efficient and much more globally competitive.1

Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action." Bush provided $13.4 billion

These are all indisputable facts. As are the economic numbers that clearly show the Obama economy on par with the pre-covid Trump economy and much better than Trumps entire economic record to date.
View attachment 9928


You keep missing the facts. The stock market is not the economy. BTW....The Obama stock market was a tremendous success based on all the record highs it set. Also, banks lending requirements during a financial crisis that they brought on them selves does not define a recession. The recession ended in June 2009 when the economy grew. It then continued to grow per the charts posted in this thread. Those are the facts.
 
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