Allandavid
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US GDP Growth over the last 25 years. Show me where Obama “strangled” it Ken...
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I thought we were in the best economy ever?
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US GDP Growth over the last 25 years. Show me where Obama “strangled” it Ken...
Allandavid
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No, it flattens out at approx 5% around the middle of 2015 through most of 2016. If you can’t see that, I doubt there is anything else we can discuss because even though we may be looking at the same charts, we see two different things.
What??? Where are you getting this stuff? I have never heard anybody claim unemployment didn’t begin to drop till Trump took over; it was over 10% under Obama, everybody knows it was not that high at the end of his presidency; it was basically cut in half by the time Trump took over.
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It would be absurd to compare Obama's last 3 years to Trumps first 3, because 2013 was during the tail end of the recession and unemployment was still extremely high, it was gonna go down regardless of policies in place. However; what do you think Obama did that caused the economy to improve?
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Are you kidding me? The strangulation was the result of policies in place; not something you can see on a graph.
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Notice how from the middle of 2015 to 3/4 the way through 2016 unemployment remained around 5%? (Yeah it dipped down a bit for a little while but went back up again) If you remember, Trump won the election towards the end of 2016 and began talking about cutting taxes and regulations and the economy seemed to react immediately and continued from there.
If you can remember, Trump claimed Obama’s regulation policies were strangling the economy, that it was improving in-spite of his policies. When Trump got into office he basically dismantled everything Obama put in place; and things got better from there.
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There's only one problem with capitalism, that's human greed.
But I see you have no problem with that. Or the kind of loose morals that contribute to "the ends justify the means".
Good luck with it!
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Allandavid
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So, you just know it happened, even though it couldn’t be measured...!??
You can’t make this stuff up...comedy gold..!
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Allandavid
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It’s the best time to make the comparison. The two time periods flow into one another. If your “strangulation” was real thing, we should see an abrupt change between those two time periods.
We don’t...it’s another of Trump’s lies....and you’ve swallowed it.
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You can cherry-pick whatever examples you want, doesn't change the fact that the economy under Donald is just following the same trend started under Obama's last term. For someone claiming to be looking at trends, it is weird you keep missing the big picture one here.
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I think an interesting plan would be to remove the dates from these charts and ask the people who think that Donald did something to change the path of Obama's economy tell us exactly when it happened. I think it would be exceedingly difficult for anyone to pick out where Donald's changes made any difference without knowing what dates they need to rationalize that faith.
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Economic indicators have behaved much like previous business cycles. I'm concerned by growing inequality and access to health. But the one Trump-specific concern I have is that this is the part of the business cycle when we should have a minimal deficit. I realize that for Republicans, deficits only matter for Democratic administrations. But I'm concerned that at the next recession we may find it difficult to do anything to encourage growth, because we're already going all-out.
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Here's a good historical plot: https://unemploymentdata.com/wp-content/uploads/2020/02/U1-U6-2-20.png
There are 6 graphs. The lowest one is the rate usually quoted. Moving up you get rates that try to include people who aren't working as much as they would like.
We're pretty clearly near the point where it's going to level off. This has nothing to do with Trump. It's the place we are in the cycle.
It's difficult to compare cycles, because there have been changes in the labor market, particularly increased participation by women when compared with say the 1950s. So you really don't want to look at minor differences between cycles and attribute them to a specific president's policies.
There are 6 graphs. The lowest one is the rate usually quoted. Moving up you get rates that try to include people who aren't working as much as they would like.
We're pretty clearly near the point where it's going to level off. This has nothing to do with Trump. It's the place we are in the cycle.
It's difficult to compare cycles, because there have been changes in the labor market, particularly increased participation by women when compared with say the 1950s. So you really don't want to look at minor differences between cycles and attribute them to a specific president's policies.
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It could be measured, I pointed it out on the graphs I provided; I know when he began dismantling Obama's policies, and right about that time things seemed to continue improving again.
No, the strangulation was just a slowing down of the recovery. When the economy is at it's worse and it has no place to go but up, that is the worse time to see if your policies are helping or hindering recovery
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I pointed out in the graph when things began to slow down under Obama, and picked back up under trump. Why do you think nobody talked about the economy under Obama the way the are under trump?
What policies do you think Obama put in place that improved the economy?
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Speedwell
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It sounds like what you are claiming is that when things improved under Obama, it was a natural improvement of the economy in spite of Obama's ignorant and counterproductive policies; but when things continued to improve under Trump, it was because he is a masterful economic genius. And your evidence for this is that the economy has improved under both Trump and Obama. OK.
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