Here's the bigger picture DJIA going back to 1980. The market grew faster than the long-term average from 1995 to 2008. After the crash, it resumed its long-term growth trend. You can eyeball in that trend.
Posted on 02/18/2020 10:21:32 AM PST by yesthatjallen
MSNBC's Joe Scarborough on Tuesday credited former President Obama for the current strength of the economy, arguing that "Barack Obama’s economy was much stronger than Donald Trump’s economy."
The opinion from the former GOP congressman and co-host of "Morning Joe" comes as both Obama and Trump have taken credit for an economy that includes the lowest unemployment rate in 50 years, rising wages and a soaring stock market.
“Eleven years later, the unemployment rate is down, the stock market is up and President Trump is raging on Twitter. He's not happy,” co-host Mika Brzezinski said, referring to the 11 years that have elapsed since the end of the Great Recession.
“Here are the facts," Scarborough added. "We've had 11 years of uninterrupted economic growth. It started with the majority through the Obama administration, and if you just take the three years that Donald Trump has been in office, you take that time period and you compare it to Barack Obama’s final three years, by just about every measure, Barack Obama’s economy was much stronger than Donald Trump’s economy.”
SNIP
(Excerpt) Read more at thehill.com ...
investment wise i seem to be about where i was in 2014, without factoring in inflation (if i did, i would be perhaps 10% down from my 2014 value). that’s not to say trump has been bad but perhaps rather that at least in my case, i have been deep in the hole investment-wise, and only now am i starting to make progress in the absolute sense (and even this, only by taking some risk).
i do wish the economists would simply stop with what is effectively the anti-trump propaganda.
the one thing i worry about at the moment is the effect of the coronavirus on the us stock markets.
For 8 years all I heard Obama and the media state they inherited a bad economy from Bush and it’s his economy. Now they’re saying it’s Obama’s economy yet the media is also stating Trump’s economy is not good——which is it?
Scarborough still in Obama’s pocket as usual...can’t let go of the past. None of them can. They’re all hoping we get tired of hearing their prattle. They’er like palestinians....whine and bellyache and cough up all their dribble.
If Obama’s economy was so good then why did he blame President Trump for 6 years?
The attendants allowed Joe to be off his meds and to walk around the grounds declaiming.
Two mistakes.
This is nutty.
mark my words...as soon as the economy takes any kind of dip, it's because of trumps economy kicking in....
I guarantee that will be the narrative.
Tell that to the millions of people who have joined the labor force since Obozo left office. Or older workers like me who were pushed out of work in the waning days of BO’s administration and couldn’t get a nibble until Trump took office. Now, I am making more than I ever thought possible for a guy in his 60s.
Just more proof that these people don’t live in the real world, where people have to get and hold real jobs and work for their money.
But Obama blamed his economy on Bush at every opportunity. LOL
No one should be surprised at the used of percentage improvement to make the case that the market performed better under Obama. Because . . . innumeracy.
Hint: a big percentage increase is almost to be expected when the the starting point is super low. But that single measure surely does not tell the whole story.
Who’s the better MLB batter? A, who starts out hitting .100 and raises his average a whole 50%!!! to .150.
Or B, who starts out at .220 and raises it only 25% to .275. I know which one I’d want on my team.
Propagandist extraordinaire, both. (The true word for ‘propagandist’ is liar.)
Welcome to news in the 21st century.
The American economy will always move upwarded, even with an Obama in office.
Obama’s recovery was anemic in comparison to Trump’s. Anyone, who can’t see that is has the hidden agenda.
(The) hard truth is that some of the jobs that have been lost in the auto industry and elsewhere won’t be coming back. They are casualties of a changing economy.
Newsflash, 2016:
Roughly 300,000 manufacturing jobs were lost during the eight years of the Obama administration, including minor losses in Obama’s final year in office.
Obama 2016:
When [Trunp says] that he’s going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? There’s no answer to it. He just says, ‘I’m going to negotiate a better deal.’ Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.
Newsflash, January 23, 2020:
Since January 2017, more than 480,000 manufacturing jobs have been added to the U.S. economy, following two decades of sharp losses.
Obama, Feb 17, 2020
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Newsflash data here:
https://thehill.com/opinion/campaign/479579-trumps-big-reelection-weapon-a-remarkable-manufacturing-jobs-boom
President Trump's economy is BEST of EVERYDAY CITIZENS...
(liberals come to DC middle class and in a few short years they're all multimillionaires... )
Here's the bigger picture DJIA going back to 1980. The market grew faster than the long-term average from 1995 to 2008. After the crash, it resumed its long-term growth trend. You can eyeball in that trend.
Morning Joe maybe should take a time out to study Economics 101.
Obama was an economic disaster. Unemployment at record highs; Food stamp recipients were growing in number. Black and Hispanic unemployment were at record highs. There was no future for many people. Employment in the government was growing to carry out socialist inspired jobs (low salary).
There is no comparison between the Trump roaring economy and the disastrous Obama economy.
There is absolutely nothing for Democrats to brag about!
Hey Joe, did you hear that Trump found the wand Obama shot
off his mouth about?
Those Soviet Five Year Plans were wonderful. Everything boomed as substantiated by the Plan Goals.
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