TRUMP Thread

Loki said:
I was going to respond with more FACTS, but Boba already beat me to it. The unemployment rate dropped after Obama was in office for about 3-4 years...
Click to expand...

andreboba said:
Bliss, unemployment wasn't at 10% for 4 years under Obama.
https://data.bls.gov/timeseries/LNS14000000

We had 6 straight years of positive job growth under Obama leading right into the Trump administration.

Trump is just riding the wave. He's done nothing legislatively to improve job growth.

Job growth was good before Trump signed the trillion + dollar tax cut for the one-percent, and it's continued since.
Click to expand...
I never said it was 4 years, and never said it was 10%.
l said almost, in his first 3 years.
Here is the proof.

https://data.bls.gov/timeseries/LNS14000000

FACTS.
 
Bliss said:
Ok, l will read them.
Now, did you see the numbers chart l posted?
Click to expand...

The chart you posted (glad you are finally paying attention to and believing the BLS) supports what I have been saying all along, it takes a while, usually at least one term, for presidential policies, and again more importantly the Feds policies, to truly have an effect on an economy.

Obama had the unique disadvantage of taking office in the midst of the worst financial crisis since the Great Depression. More than 4 million jobs were lost in his first year in office, on top of the 4 million lost in George W. Bush’s final year. So Obama was handed an economy that was losing about 400,000 jobs each month! Of course no one person can turn those numbers around in just a year or two, thats just not how an economy works, even with the historic and aggressive intervention of the fed, (dropping the FFR to .25% a historic low). Think of the economy like an aircraft carrier, those things cant just turn on a dime and reverse course, its a very slow process of slowing in one direction and then very slowly turning. Below is a handy chart to see what a fantastic job President Obama did (some bad but mostly outstanding) on the economy in the face of historic challenges...

https://www.factcheck.org/2017/09/obamas-final-numbers/

ObamasNumbers-2017_May2018.png
 
Bliss said:
Ok, l will read them.
Now, did you see the numbers chart l posted?
Click to expand...
Second link seems fair. (enough)
First is a little dated as it was created back in January, 2018, using December 2017 snd prior figures.

Here are more recent numbers:
Job growth surged in May 2018
https://www.politico.com/story/2018/06/01/economy-job-growth-may-616319

Trump Scoreboard shows fastest jobs growth of his presidency
By Steve Goldstein
Published: Mar 9, 2018 11:53 am ET

https://www.marketwatch.com/story/t...test-jobs-growth-of-his-presidency-2018-03-09
 
Loki said:
The chart you posted (glad you are finally paying attention to and believing the BLS) supports what I have been saying all along, it takes a while, usually at least one term, for presidential policies, and again more importantly the Feds policies, to truly have an effect on an economy.

Obama had the unique disadvantage of taking office in the midst of the worst financial crisis since the Great Depression. More than 4 million jobs were lost in his first year in office, on top of the 4 million lost in George W. Bush’s final year. So Obama was handed an economy that was losing about 400,000 jobs each month! Of course no one person can turn those numbers around in just a year or two, thats just not how an economy works, even with the historic and aggressive intervention of the fed, (dropping the FFR to .25% a historic low). Think of the economy like an aircraft carrier, those things cant just turn on a dime and reverse course, its a very slow process of slowing in one direction and then very slowly turning. Below is a handy chart to see what a fantastic job President Obama did (some bad but mostly outstanding) on the economy in the face of historic challenges...

https://www.factcheck.org/2017/09/obamas-final-numbers/

ObamasNumbers-2017_May2018.png
Click to expand...
I've seen that chart already (earlier today).

Bush dealt with not one, but 2 recessions during his Presidency, so yes, employment is affected.

I'm aware that Obama's first year wasn't easy and gave him that space (criticism wise) when his unemployment numbers surged so high. But second and third years, there was nary an improvement. So l had every reason to complain.

Trumps continued down spiral of unemployment numbers in his first 500 days is spectacular. No one should be knocking it.

Having said that, this article is fair snd balanced and gives Obama fair credit as well as appreciating the current trend under Trump.

https://www.npr.org/2017/01/07/508600239/what-kind-of-jobs-president-has-obama-been-in-8-charts
 
Bliss said:
Second link seems fair. (enough)
First is a little dated as it was created back in January, 2018, using December 2017 snd prior figures.

Here are more recent numbers:
Job growth surged in May 2018
https://www.politico.com/story/2018/06/01/economy-job-growth-may-616319

Trump Scoreboard shows fastest jobs growth of his presidency
By Steve Goldstein
Published: Mar 9, 2018 11:53 am ET

https://www.marketwatch.com/story/t...test-jobs-growth-of-his-presidency-2018-03-09
Click to expand...

Instead of posting stories about random economic indicators, how about you provide examples of actual policies implemented by the Administration that had effects on the economy that were separate from the prevailing trends that existed when Obama left office.

Shit, I can give you plenty of examples of policy decisions that they're making to fuck black America in the ass:

https://www.independent.co.uk/news/...markup-congressional-review-act-a8362596.html

https://www.politico.com/story/2018/05/08/hud-lawsuit-fair-housing-rule-573254

https://www.cnn.com/2017/05/12/politics/sessions-criminal-charging-memo/index.html

https://www.newyorker.com/news/news-desk/jeff-sessions-and-the-resurgence-of-civil-asset-forfeiture

http://thehill.com/regulation/382574-devos-review-of-racial-bias-guidance-stirs-controversy

https://www.wsj.com/articles/devos-...s-that-omit-minorities-performance-1520427600

Maybe you can do a better job of making your case?
 
Bliss said:
I've seen that chart already (earlier today).

Bush dealt with not one, but 2 recessions during his Presidency, so yes, employment is affected.

I'm aware that Obama's first year wasn't easy and gave him that space (criticism wise) when his unemployment numbers surged so high. But second and third years, there was nary an improvement. So l had every reason to complain.
Click to expand...

Good and fair link, did you not really understand my aircraft carrier analogy? For you to be upset and complain in year 2 and 3 of Obama's term is completely unreasonable. Look at the chart below to see when the GDP finally started to bounce back, no surprise its towards the end of Obama's first term. If you wanted to complain about someone's performance blame the complete lack of oversight in the lending markets that began under Clinton and proliferated under Bush for the DIRE circumstances that Obama inherited day one. It was damn near a minor miracle that things were finally turning around and heading the right direction after his first term.

"The financial crisis that began in the US housing market had turned, by August 2007, into a full-blown global credit crunch that plunged countries around the world into recession. In the US, the economic downturn was the deepest since 1945 and the longest since the Great Depression."

https://www.ft.com/content/c8d1d150-7869-11e7-a3e8-60495fe6ca71
 
Loki said:
Good and fair link, did you not really understand my aircraft carrier analogy? For you to be upset and complain in year 2 and 3 of Obama's term is completely unreasonable. Look at the chart below to see when the GDP finally started to bounce back, no surprise its towards the end of Obama's first term. If you wanted to complain about someone's performance blame the complete lack of oversight in the lending markets that began under Clinton and proliferated under Bush for the DIRE circumstances that Obama inherited day one. It was damn near a minor miracle that things were finally turning around and heading the right direction after his first term.

"The financial crisis that began in the US housing market had turned, by August 2007, into a full-blown global credit crunch that plunged countries around the world into recession. In the US, the economic downturn was the deepest since 1945 and the longest since the Great Depression."

https://www.ft.com/content/c8d1d150-7869-11e7-a3e8-60495fe6ca71
Click to expand...
Its easy for you to cite "unreasonable" because again, you're set. Many people not privileged, needed a first or second job. There were real-life ramifications.

In any event, I'm sincerely glad he was able to eventually lower it and that it's continuing on that path.
 
Bliss said:
I've seen that chart already (earlier today).

Bush dealt with not one, but 2 recessions during his Presidency, so yes, employment is affected.

I'm aware that Obama's first year wasn't easy and gave him that space (criticism wise) when his unemployment numbers surged so high. But second and third years, there was nary an improvement. So l had every reason to complain.

Trumps continued down spiral of unemployment numbers in his first 500 days is spectacular. No one should be knocking it.

Having said that, this article is fair snd balanced and gives Obama fair credit as well as appreciating the current trend under Trump.

https://www.npr.org/2017/01/07/508600239/what-kind-of-jobs-president-has-obama-been-in-8-charts
Click to expand...



The great depression took at least ten years to get out of. He did this in less time. You don't go from 9% unemployment to 4% in 1 year. It took at least 2 years to get us to the great recession if you don't want to count the 01/2001 spot.
I mean if someone blows up a bridge do you really expect for people to fix the bridge at the same time it takes to blow it up?


latest_numbers_LNS14000000_2008_2018_all_period_M05_data.gif

latest_numbers_LNS14000000_2000_2009_all_period_M12_data.gif

Source:
https://data.bls.gov/pdq/SurveyOutputServlet
 
Bliss said:
Its easy for you to cite "unreasonable" because again, you're set. Many people not privileged, needed a first or second job. There were real-life ramifications.

In any event, I'm sincerely glad he was able to eventually lower it and that it's continuing on that path.
Click to expand...

I can understand what you are saying, that you needed a job or two and the economy was trashed and was not recovering fast enough to change your circumstances at the time. Still the economic realities of that time where historic and no one man or administration was going to turn it around quick and easy. I have posted the video below before, it is the best and I mean THE best, concise 30 min video on how to understand the economy, I have ever come across. I encourage all to watch it. Lastly while i worked and sacrificed and risked more than most to get where I am, I too was affected by the 2007-08 economic crisis, some of my real estate holdings only regained their value in the last couple of years, maintaining said properties in an uncertain market was not fun at all. In addition, the stress of having to make payroll for my employees when many clients were defaulting or struggling with payments led to some stressful times as well, so while I was fortunate to have employment and keep building my firm, that time was not all wine and roses for anybody, so that "privilege" you mention above does not come easy.

 
Loki said:
I can understand what you are saying, that you needed a job or two and the economy was trashed and was not recovering fast enough to change your circumstances at the time. Still the economic realities of that time where historic and no one man or administration was going to turn it around quick and easy. I have posted the video below before, it is the best and I mean THE best, concise 30 min video on how to understand the economy, I have ever come across. I encourage all to watch it. Lastly while i worked and sacrificed and risked more than most to get where I am, I too was affected by the 2007-08 economic crisis, some of my real estate holdings only regained their value in the last couple of years, maintaining said properties in an uncertain market was not fun at all. In addition, the stress of having to make payroll for my employees when many clients were defaulting or struggling with payments led to some stressful times as well, so while I was fortunate to have employment and keep building my firm, that time was not all wine and roses for anybody, so that "privilege" you mention above does not come easy.

Click to expand...
Well that bust lead to bitcoin and while it totally sucked for awhile it ended up in my favor. Hoping the next bust cycle is where I can elevate to employer for many not just my cleaning lady lol
 
Loki said:
I can understand what you are saying, that you needed a job or two and the economy was trashed and was not recovering fast enough to change your circumstances at the time. Still the economic realities of that time where historic and no one man or administration was going to turn it around quick and easy. I have posted the video below before, it is the best and I mean THE best, concise 30 min video on how to understand the economy, I have ever come across. I encourage all to watch it. Lastly while i worked and sacrificed and risked more than most to get where I am, I too was affected by the 2007-08 economic crisis, some of my real estate holdings only regained their value in the last couple of years, maintaining said properties in an uncertain market was not fun at all. In addition, the stress of having to make payroll for my employees when many clients were defaulting or struggling with payments led to some stressful times as well, so while I was fortunate to have employment and keep building my firm, that time was not all wine and roses for anybody, so that "privilege" you mention above does not come easy.

Click to expand...

Thanks for explaining and the video. I was sorta thinking this. I'm far from being mistaken for an economist, but I do recall some of this from my econ classes in college. The thing that gets me is the insane hypocrisy from Obama haters who went on month after month about how the economy was so terrible and discrediting the BLS' unemployment rate, but like magic.... Those numbers suddenly became valid on this POTUS' watch when common sense says that it's clearly a continuation from the 6 years of improving under Obama.
 
DudeNY12 said:
Thanks for explaining and the video. I was sorta thinking this. I'm far from being mistaken for an economist, but I do recall some of this from my econ classes in college. The thing that gets me is the insane hypocrisy from Obama haters who went on month after month about how the economy was so terrible and discrediting the BLS' unemployment rate, but like magic.... Those numbers suddenly became valid on this POTUS' watch when common sense says that it's clearly a continuation from the 6 years of improving under Obama.
Click to expand...
Racism is a mental illness pure and simple. If skin color will alter facts so easily for you then you're definitely sick
 
Bliss said:
Trumponomics gets Warren Buffett's seal of approval: Billionaire says US economy is in 'rare form' and is 'in the sixth inning with the big sluggers still to bat'

4D09193500000578-0-image-a-26_1528427107176.jpg


By Dailymail.com Reporter 07 Jun 2018
http://www.dailymail.co.uk/news/art...roval-Billionaire-says-economy-rare-form.html
Click to expand...

There are those that disagree, predicting the future of the economy is VERY difficult, which is why the Fed is so secrative...

BERNANKE: Trump's tax cuts are like 'Wile E. Coyote' and the economy's boost will fall off the cliff in 2020
  • Ben Bernanke, the former Federal Reserve chairman, said Thursday that the Trump administration's tax cuts will initially boost the economy but reach the edge of the cliff in 2020.
  • "In 2020, Wile E. Coyote is going to go off the cliff and he's going to look down, and that [stimulus] will essentially be withdrawn at that point," Bernanke said, referring to the Road Runner character.
  • Bernanke is a distinguished fellow in residence at the Brookings Institution, and served as Fed chair from 2006 to 2014.
http://www.businessinsider.com/ben-...s-to-have-wile-e-coyote-moment-in-2020-2018-6
 
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