Originally posted by Cow Poke
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It's the Economy, Stupid!
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Originally posted by seanD View PostAnd this is my biggest gripe with Trump. It's not even about his dishonesty in order to shape populace perception, but worse. He's saying everything different than he was saying during the election (when he WAS being honest) just so he can stroke his ego. Yet there are indeed dire warning signs in the bubble market as we speak. If the market tanks because of a credit freeze, or some large bank failure (another good possibility), everyone will blame Trump and conservatives. Instead, he should have continued his honesty about the central bank and how it affects the economy overall in order that everyone would have a better understanding of it. I mean, the left will blame him no matter what, but still.
What's sad to me is the extent to which TrumpHaters would love to see bad things happen to our nation just so they can blame Trump and get rid of him.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Cow Poke View PostAnd if the economy collapses - or even slows down- his detractors will cheer because it would seriously challenge his chances for a second term.
What's sad to me is the extent to which TrumpHaters would love to see bad things happen to our nation just so they can blame Trump and get rid of him.
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Another aspect of the economy, of course, is unemployment...
And a significant factor of that is the minority unemployment rate.
black unemployment.jpgThe first to state his case seems right until another comes and cross-examines him.
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Originally posted by Cow Poke View PostAnother aspect of the economy, of course, is unemployment...
And a significant factor of that is the minority unemployment rate.
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Originally posted by Leonhard View PostHis statement isn't false. The lions share of the recovery from the economic bubble occured under Obama.
After that, the growth of the GDP has been pretty much the same.
https://www.statista.com/statistics/...es-since-1990/
However the Dow Jones index have done rather better under Trump.
https://www.bloomberg.com/opinion/ar...r-donald-trump
Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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Originally posted by firstfloor View PostConcerning sovereign debt, the World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77%. The U.S. ratio is 104%.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Mountain Man View PostThe stock market is not the economy. The Main Street versus Wall Street dynamic is often overlooked when discussing these matters. Part of the reason Wall Street did so well under Obama is because of the massive stimulus/slush fund he was handed early in his presidency, but while Wall Street investors were happy, those who lived on Main Street were struggling to find work and make ends meet.
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Originally posted by Cow Poke View PostI'm amazed that nobody in Congress - either house or either party - or the White House seems troubled by the massive debt. It used to be a major factor in campaigns.
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Originally posted by Leonhard View PostYes, because there was an economic recession that started under Bush. Again, we see a recovery all the way through Obama's period, continuing into Trump's period. Again Trump seems to be doing good, and the US continues on a good path.
And while everybody seems so anxious to give Obama the credit, at the time (2010) he said, himself,"There are times when I thought that the economy would have gotten better by now," he said. "You know, one of the things I think you understand as president is you're held responsible for everything, but you don't always have control of everything, right?"The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Leonhard View PostWhat I don't get is the flip conservative politicians did from criticizing Obama for it, to Newt Gingrich claiming "Debt doesn't matter".The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Mountain Man View PostThe stock market is not the economy. The Main Street versus Wall Street dynamic is often overlooked when discussing these matters. Part of the reason Wall Street did so well under Obama is because of the massive stimulus/slush fund he was handed early in his presidency, but while Wall Street investors were happy, those who lived on Main Street were struggling to find work and make ends meet.
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Originally posted by Cow Poke View PostObama had even said in 2016 that 3% growth was impossible,
And while everybody seems so anxious to give Obama the credit, at the time (2010) he said, himself,
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Originally posted by Leonhard View PostActually he said he feared that this was the case, not that it was. And he only said it once.
I'm not anxious, but the economy didn't flatline during Obama like is claimed. That simply isn't shown from the data.The first to state his case seems right until another comes and cross-examines him.
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