Posted on 07/28/2018 8:01:20 AM PDT by SilvieWaldorfMD
Liberal college pal says that Obummer had "75 straight quarters of growth. It's so conveeeeeeeenient to forget the shithole the economy was when he took over!"
I need verbal ammo to reply to this diatribe.
Help! Ayuda!
“What to tell people that Obama had “75 straight quarters of growth ...”
Herve Villachaize’s mother used to tell him the same thing.
wrong on more than one level. Yes you can correct him on the number of quarters too. But Obama did not only have positive quarters. He had negative quarters as well. Your friend is only talking year over year. But quarter over quarter he had a few negative quarters. He did not have a negative year. Of course there are very few of those in history. And given the great recession happened in 2008, Its hard to have a full year after that where the GDP goes down. But that did happen in Obamas first year, 2009.
One thing you may point out is that America has the largest growth rate quarter over quarter of any country in the G20. And that includes China and India. Some Trump took a growing economy and turbo charged it so its the best in the world and better than it was.
See:
https://tradingeconomics.com/united-states/gdp-growth
The anemic growth throughout Obama’s administration was driven almost entirely by fracking in Texas and Both Dakota, which occurred despite not because of Obama’s economy killing policies. If you do not include Texas and North Dakota in the national numbers then the U.S. would have been in a depression for most of Obama’s term.
Well, you could say: “No. That’s not true.”
Obama was not in office for 19 years, ergo, it’s false.
*********************************
Yep, he wasn’t ... it just felt that long.
That’s the only explanation that makes sense.
Tell them to look at full time employment numbers
No matter the new math being taught today, their math does NOT work.
8 years X 4 quarters can only equal 32 Quarters at best.
Ask them how they do their math today.
As a life long bookkeeper/accounting person, I have never seen such calculations. But- then I am only 78, so maybe I missed something.
THIS is a “COLLEGE PAL” who cannot calculate 4 x 8?
OMG-— parents certainly wasted their money.
32 quarters of suck.
Mere technical growth is not a sign of health.
Also I think he set a record for lowest average growth for any president.
Have him/her watch this video and ask where he/she stands.
“Fight of the Century”: Keynes vs. Hayek Rap Battle Round Two
https://www.youtube.com/watch?v=GTQnarzmTOc
The US population grows at about 1% per year. Therefore, the economy has to grow at 1% a year just to keep even with the population. Thus, the true growth of the economy per person is the GDP growth rate minus the population growth rate. Using this measure, the Obama economy was so bad, he would have had 5 economic recessions during his presidency.
Is there a source? Perhaps they said 75 weeks.
Otherwise, that number doesn’t make sense. Unless you’re a liberal, I suppose.
75 quarters? So 0bama was in office 18.75 years? LOL Or did it just feel that way?
Libtards can’t do math!
New tagline....
Quantitative Easing
the introduction of new money into the money supply by a central bank.
Why bother.
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