Posted on 02/20/2020 10:08:11 AM PST by JV3MRC
Joe Scarborough of MSNBC’s Morning Joe distorted an Axios report on President Donald Trump’s economy to credit former president Barack Obama. Morning Joe ran a segment defending Obama’s tweet congratulating himself for today’s booming economy. Scarborough cited an Axios report on Trump’s economy to assert Feb. 18 that “[if] you look at the last ten presidents and their GDP growth throughout their administrations, six in ten of those presidents -- according to Axios yesterday, and just according to government statistics -- actually had stronger economies than Donald Trump.” [Emphasis added.] But that’s not what Axios’ piece was about.
(Excerpt) Read more at newsbusters.org ...
Joe Scarborough in 1995 goes over welfare’s negative effects on American cities
JOE IS UPSET, MIKA HAS A HEADACHE.
How many people really believe, that “Porkulus” was the bill that jump started the economy and led to the economic conditions today?
It wasn’t too long ago, that the liberals lamented that Porkulus didn’t work too well, because it was only $800 billion roughly, and the Republicans wouldn’t get Obama and Democrats pass a bigger bill.
Now they are saying all of these economic trends point back to Porkulus? They are saying that none of the economic policies of Trump had any impact??? Really???
Well, we the American people, will be jury on nonsense claims such as this.
Axios is a weird source, not one I trust at all
Keep in mind that the Fed kept the discount rate at a microscopic 0.5% throughout Obama’s first 7 years. They raised it all the way up to 0.75% his last year. The Fed went nuts after Trump was elected and raised it to 3.25% at one point. President Trump rightly started going ballistic and they pared it back to 2.5%. The economy was growing at 4% before the effects of the rate increases knocked it down. And it’s still clearly better than the Obama years despite that.
Which is is Joe? I just heard a bunch of clowns last night tell us that the economy was only good for rich people. Is this what Obama set up?
The GOP needs to get ahead of this bullshit before the Dems convince a stupid voting public that it's the truth.
A platform to distort anything, anybody, anywhere, as many times as necessary and nobody to directly counter. All voices in opposition are silenced/deplatfformed. Gain control of all speech. It works until it doesn’t.
No consequences for distorting, spinning, walking it back, abusing 1A, LYING.
No justice system has ever been built to deal with this depth of wickedness.
Joe Scarborough is a low-life POS....and, has always been so.
>>>The Fed went nuts after Trump was elected and raised it to 3.25% at one point. President Trump rightly started going ballistic and they pared it back to 2.5%
You are off by abput 75 bps. The Fed Target Rate topped out at 2.25%-2.50%. It is currently 1.50% to 1.75%.
Joe jumped out of the plane of reason without a parachute, and is approaching the earth at terminal velocity.
My Leftist friends on FB already believe and post the BS and they aren’t generally stupid (except that they are Dems)
They are stupid in the area of economics.
Actually I was off by 25 basis points. The discount rate topped out at 3.00 and is now 2.25%. I said nothing about a target rate.
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