Trump's Economy and Jobs Achievements so far...

[Sheik Yerbouti]

kudos to sp33dy for mastering copy/paste. Next up is chewing gum and walking at the same time.

 

[HomerJS]

Just look at the unemployment rate! He cut it in half in only 100 days!!

pictures like this shows why Trump base are a bunch of dopes and the staff at Fox know it.

 

[HomerJS]

Hey OP I'll ask here too since this thread is a rehash of you other "Trump's economy is great thread"

What part of Trump's first 18 months economically speaking has outperformed Obama's last 18 months?

 

[Bitek]

Did we give up on the "Trump Scoreboard" thread due to all the self ownage?

- DJIA up only 1% YTD as of today
- 2000 pt loss off it's 2018 high
- $1T deficits incoming
- Job gains slowing
- Piddly tax cut for me this year, transitions to tax increase in a few years.
- Trade war is a serious threat to my company if it heats up.

I'll take the Obama economy, thanks.

 

[BUTCH1]

Just look at the unemployment rate! He cut it in half in only 100 days!!

The unemployment rate was tumbling down LONG before Trump took over, Obama's administration did a pretty decent job of dealing with the catastrophic policies Bush had left for him. Oh, Clinton also got handed another wreck-job and got that turned around as well. F-ing morons like you don't understand Jack-*hit about how anything actually works.

 

[SP33Demon]

Obama: Jobs
2011: 2.091 million
2012: 2.142 million
2013: 2.302 million
2014: 2.998 millon
2015: 2.713 million
2016: 2.240 million

Trump:
2017: 2.188 million

Growth in average hourly earnings: Trump ranks 3rd behind Carter and George W. Bush.

Exports: Trump ranks 3rd out of four presidents, behind Clinton and Barack Obama.

The S&P 500 stock index. Trump is third again. Stocks did better under Obama and George H.W. Bush during their first 16 months.

As for the DOW, Trumps first year in office, the Dow has risen from 19,827.3 to 25,075.1 -- an increase of 26 percent. That’s impressive.
But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.

Under Obama the stock market rose 149%. That's not up for debate. It's a fact.
The stock market would have to rise from 19,827 to 49,500 for Trump to have a 149% increase. NGH

Real GDP per capita. Third again, behind Carter and Clinton once more.

Don't have time to pick apart all the bullshit someone else can if they'd like to. I have a real job to get to tomorrow...

BTW a healthy economy does not generate historic deficits. Our fiscal outlook look is very bleak thanks largely to deficit spending during Trump’s first term. Within 16 years the federal debt will be the largest in history and will outpace the fiscal shortfalls that followed World War 2 according to Congressional Budget Office estimates.

Congress’ recent tax and spending laws — along with ballooning costs of programs like Social Security and Medicare — also are driving up the amount the government pays in interest on money borrowed to make up for the gap in cash coming in and going out.

Indeed, those interest payments will exceed the cost of all Social Security spending within decades, CBO predicts. Interest costs also will be higher than discretionary spending, which amounts to all federal dollars Congress controls.

Was this OP supposed to be a mic drop moment?

LOL on so many levels...

Hand the mic to someone else...

Fair enough on jobs, although that's only a 2.3% difference from the year before.

For deficit Trump made it clear that he was going to raid the Fed and increase the deficit, that's why he was so unique as a candidate running as a Repub. He said he was going to do it via his tax plan before it was released, and sure enough he did it. I have no problems with printing more money in order to secure more SCOTUS appointments, it's a no-brainer trade off. Provide money and more jobs to the people and secure the next 50 years of legislation, any politician would take that over an imaginary number.

In the categories you are saying he's "third in" (especially avg hourly earnings w/ Jimmy Carter) , be more specific - are you saying third of all time? Because that's incredible if true. For exports, you then move the goalposts to "3rd out of 4" so it seems like you're just cherry picking here. S&P index, you again don't state what your sample size is so no points awarded. No clue what you're talking about here since it's so ambiguous.

It's absolutely a mic drop moment, because the minute Trump drops these bombs on someone in a debate it's game over. Whether you're impressed or not doesn't matter - to the average voter it will be impressive.

 

[SP33Demon]

That's funny because all his tariffs and wanting to renegotiate deals has led our trade partners to make deals with other countries where they don't need our goods anymore.

https://www.youtube.com/watch?v=G0StLOa8H7k

Expect more of that.

More tariff concern trolling. Let's see where we're at in a year and then talk.

 

[SP33Demon]

Fair enough on jobs, although that's only a 2.3% difference from the year before. But what you failed to state was the job *openings* hit an all-time high under Trump:
http://money.cnn.com/2017/09/12/news/economy/job-openings-record-high/index.html?iid=EL

For deficit Trump made it clear that he was going to raid the Fed and increase the deficit, that's why he was so unique as a candidate running as a Repub. He said he was going to do it via his tax plan before it was released, and sure enough he did it. I have no problems with printing more money in order to secure more SCOTUS appointments, it's a no-brainer trade off. Provide money and more jobs to the people and secure the next 50 years of legislation, any politician would take that over an imaginary number.

In the categories you are saying he's "third in" (especially avg hourly earnings w/ Jimmy Carter) , be more specific - are you saying third of all time? Because that's incredible if true. For exports, you then move the goalposts to "3rd out of 4" so it seems like you're just cherry picking here. S&P index, you again don't state what your sample size is so no points awarded. No clue what you're talking about here since it's so ambiguous.

It's absolutely a mic drop moment, because the minute Trump drops these bombs on someone in a debate it's game over. Whether you're impressed or not doesn't matter - to the average voter it will be impressive.

 

[umbrella39]

Fair enough on jobs, although that's only a 2.3% difference from the year before.

For deficit Trump made it clear that he was going to raid the Fed and increase the deficit, that's why he was so unique as a candidate running as a Repub. He said he was going to do it via his tax plan before it was released, and sure enough he did it. I have no problems with printing more money in order to secure more SCOTUS appointments, it's a no-brainer trade off. Provide money and more jobs to the people and secure the next 50 years of legislation, any politician would take that over an imaginary number.

In the categories you are saying he's "third in" (especially avg hourly earnings w/ Jimmy Carter) , be more specific - are you saying third of all time? Because that's incredible if true. For exports, you then move the goalposts to "3rd out of 4" so it seems like you're just cherry picking here. S&P index, you again don't state what your sample size is so no points awarded. No clue what you're talking about here since it's so ambiguous.

It's absolutely a mic drop moment, because the minute Trump drops these bombs on someone in a debate it's game over. Whether you're impressed or not doesn't matter - to the average voter it will be impressive.

LOL the GOP will be nominating someone other than DJT in 2020... If I was a degenate gambler I'd bet money on it... We'll see...

 

[Engineer]

For deficit Trump made it clear that he was going to raid the Fed and increase the deficit

Proof of that?

Alternative facts below....

https://thinkprogress.org/trump-deficit-breaks-promises-aafedb5302c1/

 

[Bitek]

Proof of that?

Alternative facts below....

https://thinkprogress.org/trump-deficit-breaks-promises-aafedb5302c1/

He also promised "much better" healthcare for "way less" than under Obama.

Infrastructure is DOA.

More broken promises.

I do appreciate the right admitting they never gave a shit about deficits and "imaginary" numbers.

 

[fskimospy]

He also promised "much better" healthcare for "way less" than under Obama.

Infrastructure is DOA.

More broken promises.

I do appreciate the right admitting they never gave a shit about deficits and "imaginary" numbers.

Don’t you worry, they will go back to pretending they give a shit about deficits and debt as soon as a democrat wins the White House.

You might think shame at their own hypocrisy would keep them from doing this. It won’t.

 

[Jhhnn]

He also promised "much better" healthcare for "way less" than under Obama.

Infrastructure is DOA.

More broken promises.

I do appreciate the right admitting they never gave a shit about deficits and "imaginary" numbers.

There's one sure thing about Trumpsters. Once snookered, they stay that way. It's inherent to the whole idea of truthiness.

 

[TheVrolok]

Trump has done nothing to help the economy. I am honestly surprised the markets haven’t crashed yet with all the chaos and uncertainty he’s introduced.

I would love to see a President repatriate jobs and negotiate a stronger position for American workers with regard to free trade, but that is not what Trump is doing.

And if the economy is truly thriving, tax cuts are the worst thing you can do.

I don't always agree with Starbuck, but when he do, he's right on point.

 

[s0me0nesmind1]

The unemployment rate was tumbling down LONG before Trump took over, Obama's administration did a pretty decent job of dealing with the catastrophic policies Bush had left for him. Oh, Clinton also got handed another wreck-job and got that turned around as well. F-ing morons like you don't understand Jack-*hit about how anything actually works.

And apparently you're too stupid and inept to understand sarcasm. Sonukku is clearly more towards the liberal side and (if anything) is using that picture to depict that the unemployment rates are in fact the results of the previous administration - hence why they are good numbers when the republican starts (Both Bush/Trump), and bad when the liberals start (Clinton/Obama).

 

[Jhhnn]

I don't always agree with Starbuck, but when he do, he's right on point.

He was this time, for sure.

 

[cytg111]

Fair enough on jobs, although that's only a 2.3% difference from the year before.

For deficit Trump made it clear that he was going to raid the Fed and increase the deficit, that's why he was so unique as a candidate running as a Repub. He said he was going to do it via his tax plan before it was released, and sure enough he did it. I have no problems with printing more money in order to secure more SCOTUS appointments, it's a no-brainer trade off. Provide money and more jobs to the people and secure the next 50 years of legislation, any politician would take that over an imaginary number..

Printing more money works in one scenario and one scenario only, the scenario where the US is the leader of the free world(allied by Europe) and leads the planet.
Why do you think Putin is so busy burning both ends of that candle?
I know its hard for you but please try. Think. Especially you in finance, there is no room for you in the aftermath.

 

[BUTCH1]

And apparently you're too stupid and inept to understand sarcasm. Sonukku is clearly more towards the liberal side and (if anything) is using that picture to depict that the unemployment rates are in fact the results of the previous administration - hence why they are good numbers when the republican starts (Both Bush/Trump), and bad when the liberals start (Clinton/Obama).

Well Trump loyalist's will post dumb crap like that so I guess I goofed. Apparently, you're the self-appointed ass*ole to point things like this out.

 

[brycejones]

But wait....there's more....

https://www.washingtonpost.com/news...ax-rate/?noredirect=on&utm_term=.daded607c9ad

The Laffer curve has now become the Laugher curve. The GOP seems to believe that as tax rates go to zero, tax revenues go to infinity, hence the "Laugh" part.

You just need to have faith. The trickle down will start any tax cut now.

 

[Bitek]

Don’t you worry, they will go back to pretending they give a shit about deficits and debt as soon as a democrat wins the White House.

You might think shame at their own hypocrisy would keep them from doing this. It won’t.

As surely as the sun rises in the East.


Speedy should correct his post to say "raid our children" rather than "raid the Fed" to fund his tax cuts for the wealthy.