Posted on 06/08/2019 5:14:56 AM PDT by Kaslin
Economic and regulatory policies play out in the economy in the market in two ways.
First, they are anticipated. That's why the market tanked 16 percent in the 4 months after Obama was elected and rose 12 percent after Trump -- and kept rising. Americans knew Obama’s policies would be bad, and Trump’s would be good.
Once implemented, policies begin to work.
Depending on their aggressiveness, and both Obama's and Trump's were, the effects would be seen after about a year, and certainly after two.
Economically-illiterate Democrats love to believe that any economic success that President Trump’s administration has enjoyed is simply due to the brilliant stewardship of the economy under Obama. Trump is just riding his coattails!
This is not only risible. It defies the fundamentals of economics and logic.
Were that true, then Trump's policies would be the same as Obama's. He would have continued them.
They aren't. They are the opposite.
So what Democrats are saying is that despite Trump's opposing policies, the economy not only improved under Obama but improved even more, at an even faster rate, than Obama because of these opposing policies.
HUH?
Opposing policies would not result in the same economic growth trajectory. That’s straight out of Paul Krugman Bizarro World.
How bad were Obama’s policies?
This is a chart of GDP by quarter.
Obama's average during his eight years was 1.9 percent growth. That is the worst post-recession recovery in history. Yes, he started out with a very serious recession on his hands, but policies take 1-2 years at most to take effect.
Obama had eight years, and the results were lousy.
Heck, maybe we’re being too harsh on him. Let's help him out and look at the GDP growth average in just his last 3 years, when the numbers were more in his favor.
In fact, let's black out the entire first year of his Presidency when GDP growth was negative every quarter.
And then, let’s further back out every quarter where GDP growth was less than 2 percent.
Obama’s average comes to 2.75 percent.
How bad is that? The average GDP growth since 1930 has been 3.3 percent. That includes the Great Depression and every single other recession since then.
Democrats call that a success.
How what about a comparison? Maybe Obama was up against a really tough recession that would take a full eight years to come out of.
Let's look at President Reagan, post-Carter. The recession then was not as bad in some ways, but was worse in others. Both Obama and Reagan faced a situation in which the entire previous year saw no growth and increasing unemployment.
Reagan arguably had it worse because inflation and interest rates were at 20 percent!
Reagan's policies took two years to work through.
In his eight years in office, the GDP averaged 3.1 percent growth. And that includes 7 of his first 9 quarters in which growth was negative. If we back those out, GDP growth averaged a whopping 4.5 percent per quarter.
And just so we're being fair, let's back out all the quarters where GDP was less than 2 percent. In Reagan’s case, that was only one quarter. That’s right, folks. For five of his eight years in the White House, GDP growth exceeded 3 percent.
Still, let's throw out Trump's entire first year, like we did with Obama. We only have a year's worth of data but on that basis, and Trump's average GDP growth is 2.9 percent.
He is already killing Obama’s tally.
Reagan crushes Obama’s performance. So is Trump.
So why do Democrats insist that, despite Trump’s opposing policies, any economic success is the result of Obama?
Only an idiot or a Democrat believes that Reagan’s policies – the opposite of Obama’s and Carter’s -- would somehow result in a continuation of Carter’s lousy performance.
Oh, I think I answered my own question.
The Halfrican halfwit was only concerned about increasing his “federal inheritance.”
To demonicRATS, the size of government IS the economy. Most of the growth under Soetoro was in government.
The only economic policies worse than Obama’s are the globalist Free Traitor™ policies of the GOP.
Once again, is this the same O-hole economy that the POS blamed on Bush for the entire eight years? And secondly, the jug-eared moron’s policies worked exactly as designed, as a means of punishing the country and diminishing its strength; as with all Demonic Party policies, they are destructive, evil and purposeful.
Once again, is this the same O-hole economy that the POS blamed on Bush for the entire eight years? And secondly, the jug-eared moron’s policies worked exactly as designed, as a means of punishing the country and diminishing its strength; as with all Demonic Party policies, they are destructive, evil and purposeful.
The best thing about Trumps presidency is that I don’t have to see B.O.s face on TV droning on and on with sycophants googling over him.
The Federal Reserve kept Obama’s economy afloat.
In contrast, the Federal Reserve is working against Trump’s successful economic policies.
because they received not the love of the truth, that they might be saved. 11And for this cause God shall send them strong delusion, that they should believe a lie: 12That they all might be damned who believed not the truth, but had pleasure in unrighteousness.
Or Hillary’s face, yay God!
There's certainly that. IMO the best thing is how PDJT constantly triggers the left into demonstrating their stupidity and how evil they really are.
Other than Hillarycare, everything obama did was by executive action. Trump has been reversing them as quickly as possible.
I remember the smug commie Kenyan boasting that he had a phone and a pen.
Agreed!
and needed Repeating.
I still run into fools that whatever their demented mindsets are, miss and love the wun.
I had been a self-employed small business owner for almost 30 years when Obama got elected. My business always seemed to be “first-in, last-out” when it came to recessions as we were essentially a manufacturer’s rep firm. GWB’s recession hit us early & hard. But when Obama got elected, I didn’t wait for him to take office. I knew that I’d be shoveling against the tide for more than 2 years. I just shut it down. I was a 1-man band at that point so it only affect me directly.
Leftards dwell on this point to the absolute exclusion of point #1 (anticipation of Trumps policies buoying the markets).
In their tiny little rat brains they couldn't envision what was wrong, so they couldn't see what was right. Thus the dramatic improvement in conditions simply must be a magical delayed reaction to Ødungo's wise and benevolent stewardship.
Stupid leftards!
The supposed “recovery” under Obama that the MDM kept talking about was completely invisible where I live. That was true for large swathes of the country. There simply was no recovery - for years and years.
Trump came in and by the Fall of 2017, the economy really started to take off. For the first time since 2006, we were back to what I’d. All a normal economy. Yes 2006. Yes it had been that bad for that long.
At their core, Obama and Reagan used the same levers to spur the economy: slash interest rates and deficit spending. What hamstrung the economy under Obama was all the oppressive regulations he put on the books, some 96,000 if memory serves. Trump is hacking those to pieces and freeing our economic engine.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.