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!
During the eight years that Barack Obama was president the GDP averaged an annual growth rate of less than 2 percent and never once reached 3 percent for any of those years—the first time that this has happened during any previous administration since the statistic has been tracked.
All say HEIL to The Community Reinvestment Act !!!
Recall when that was posted in my bank(all banks actually)..just another Dem scheme to ‘help the po folks’
I usually tell them that Obama was a muzloid and a faggot.
The conversation ends at that point with them shouting and shaking.
That is what I always used to tell people during Obama's reign of terror.
A few tactics to use to get them shrieking and running away after their ‘facts’ are disproved :
First ask them if they know what ‘per capita’ means before then asking them to produce the data for their statement (if their idea is not per capita then the growth happens simply by the population increasing even when ‘per capita’ can go down a little)
Second remind them that ‘growth’ can technically be only 1/2 a percent (or less) as well as the current 4.1%. the importance of real growth is its magnitude.
The US economy kept growing a little even under obama - but very miserably compared to previous administrations.
Third so taking that understanding the CURRENT economy is growing something like TWICE as FAST now as under that miserable socialist and his destructive policies.
I’m not the one who ask3d the question.
There's your first mistake.
Obummer had "75 straight quarters of growth.
Leaving aside the Precious Math (75 quarters is 18.75 years), your liberal opponent is right. Obama presided over growth..... growth hovering around 2, 2.5%.
Tepid, at best.
Trump is in over 4% territory, twice Obama's.
You should be able to answer questions like these, not only to swing voters, but also some leftists change their minds over time. The 2016 election could not have been won by Trump without the votes of some who voted for Obama previously.
The recovery from the recession started in June 2009. It was the slowest in modern history. Usually the US economy had a sharp downturn followed by a sharp recovery and then real growth. During Obama’s terms there was steady, but very slow recovery.
To answer the usual follow-up statement that the great economy under Trump is just the result of Obama’s policies, all of the mainstream economists before Trump’s election were predicting lower economic growth rates than what happened. Their predictions, and the reality sharply increased with Trump. What Obama said couldn’t happen unless Trump had a magic wand, actually happened. The mechanism is reducing regulation, taxes, and increasing confidence, which leads to investment.
Too many assholes and not enough answers. Obamas growth was artificial. His numbers were due to government jobs created. Any dick-tator can do that. They are not real jobs. Also, his GDP spikes were always revised down the next month. He at one point in 2013 had over 5 point growth....later revised way down.
When Zero starts with zero it’s not hard to get just above zero for so long.
I like to say that even a monkey can get 8 years of growth when printing $17 trillion dollars and interest rates are at zero percent.
Who CAN’T get an economy moving under those circumstances? The way to look at it is that the Obama / Democrat policies were SO BAD that we managed pitiful growth under Obama GIVEN zero percent interest rates and dumping trillions of dollars into the economy.
You probably have lots of good answers by now, but here is an anecdote. I went back to work full-time in 2010. My wages were barely over minimum wage, but the job was full-time with insurance after 90 days.
I got a 50-cents an hour raise one year ... 20 cents an hour ... for several years ... another 50 cents ... some of our raises were 1 to 3 percent. (This all during the Obama years ...) and since I got one of the highest rates was strictly cautioned to not talk about it. I interviewed multiple places but could not get any better $.
Then I applied for a better job in my department ... got a nice raise ... two years later, Trump’s boom started, my job was reclassified and I got a 25 percent (not cents, PERCENT) raise. And two years of back pay for the difference. I think because of tax cuts to corporations the company could re-invest in people.
To retain people the company cranked up starting wages and people are eligible for benefits from Day 1. I think the credit should go to Trump’s economy. And the Lord, because He puts rulers in place and takes them out.
Then ask them to tell you why only OBAMA couldn’t hit 3%???
Seriously even Jimmy Carter pulled it off..
The only thing magical about Obama’s economy was how horrible it was.
Tell them that the President has virtually nothing to do with the economy.
Unfortunately, the same can be said of Trump.
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