Posted on 02/15/2020 7:53:31 AM PST by Kaslin
The "expert" predictions of economic disaster should Donald Trump win the 2016 election did not occur. Under Trump, the Dow Jones Industrial Average and Nasdaq composite have reached historical highs while unemployment for blacks and Hispanics have hit historical lows. In the wake of Trump's undeniable economic success, what is the 2020 Democratic Party argument for why voters should back their candidate over Trump?
The morning after Trump's election, Paul Krugman, economics professor and columnist for The New York Times, wrote: "Now comes the mother of all adverse effects -- and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks. So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened."
During the 2016 campaign, Mark Cuban, billionaire owner of the NBA Dallas Mavericks, predicted that a Trump victory could cause not just a minor stock market decline, but one as high as 20 percent or more: "When you're flip-flopping, when you're not sure what the candidate's going to say from one thing to another, that uncertainty potentially as the president of the United States -- that's the last thing Wall Street wants to hear. I can say with 100 percent certainty that there is a really good chance we could see a huge, huge correction. ... It could be 20 percent. You know, now, with high-frequency trading, accelerating, strong moves in any direction -- it could be worse than that."
(Excerpt) Read more at foxnews.com ...
Nobel Prize winning economist at that.
Joe Bidn: “Donald Trump inherited a strong economy from Barack and me. Things were beginning to really move. And just like everything else he’s inherited, he’s in the midst of squandering it.”
complete disassociation from reality and all the facts, and one wonders if anyone besides die-hard leftists actually believe any of that complete malarkey, but the part of that polylie that i REALLY love is “a strong economy from Barack and me”, because after all, everyone knows the critical effect that the U.S. VP has on the economy ...
The Five Biggest Failures From President Obama’s Stimulus Law
Three years and $825 billion later, the results are clear. Instead of producing an economic recovery, the stimulus produced only broken promises and massive debt. The stimulus failed—and by the president’s own standards at that.
Socialist Dems will tell you that Obummer was a brilliant businessman. Reality Soros called all the shots and acquired $2.5 billion for the South American Oil Leases as his payoff.
They can’t even steal the ideas and intellect so they steal the claims and flat-out lie, as in
“You didn’t build that — we did.”
Geez, even the Soviets could rip off technology and then make copycat designs.
These dems are worthless even by Soviet standards. No wonder Bernie is their guy.
We had 8 years of economic depression under Obama. Always told recovery was just around the corner. Never happened. Little issues like highest corporate taxes in the world and a large number of U.S. businesses fleeing the country. Trump has gotten them to come back again.
Cash for clunkers was such a good plan it didn’t realize the benefits until the day Trump was elected.
“These dems are worthless even by Soviet standards”.
They really are. They’re reprehensible, disgusting liars and thieves, among other things.
If we had a decent, honest media, the Left would be out of business in no time.
I had almost forgotten what an arrogant, stupid dipsh*t this guy was. Painful.
Yeah, let’s improve the economy by intentionally destroying a good portion of our private transportation base.
Think about it, it is the exact same thing as as taking water out of one side of the swimming pool and then putting more water in the other side and saying you are improving the situation. That is how stupid the Democrats are in their policies.
One of the weird things Obama’s commerce department did was skew quarterly growth reports.
They actually made one quarter artificially negative in order to springboard one quarter that followed as over 5% gdp growth. This way they always have a legacy argument of best growth ever. It was a scam though. Growt was insistently low.
Yeah its not working either. There is a Trump hating democrat “economist” Chuck Jones who wrote an article claiming the same BS.
Dems’ new talking point is Obama built it.
aka BS it’s all they know how to do.
Don’t recall who said but they said Obama couldn’t sell water melons on the side of a road in Georgia.
bammy talked about the “Bush recession” for years. When Trump took office, the media talked about the “Obama recovery.”
They NEVER give a Republican credit for anything.
If you want to know the source of this claim here it is:
The Hill: On the economy, Democrats must brag louder than Trump
Written by:
"Marik von Rennenkampff served as an analyst with the U.S. Department of State’s Bureau of International Security and Nonproliferation, as well as an Obama administration appointee at the U.S. Department of Defense. Follow him on Twitter @MvonRen"
The article contains hotlinks to lots of articles claiming Obama is responsible for Trumps' booming economy and that Obamas' economy was on fire. Liberals have been using it as a reference and resource.
I wanted to post it at the time so people could debunk each article but I knew it would tick-off a lot of people so I didn't.
The Establishmedia are the only ones in America who still thinks communism works.
I still remember a family dinner in the early 80s, my dad talking about how great Reagan was and my uber lefty sister saying it was all because of the great work Jimmy Carter did laying the under winnings of this economy Teagan it taking credit for. It’s been going on forever
The modern sleezoid media makes the old Pravda performers seem like Apostles-declaring-the-Gospel by comparison.
What did Obama do wave his magic wand?
No Trump did.
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