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Scarborough: Media 'parroting' Trump economy when Obama's 'was much stronger'
The Hill ^ | 02 18 2020 | Joe Concha

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 ...


TOPICS: News/Current Events
KEYWORDS: economy; obama; scarborough; trump
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To: ProtectOurFreedom

looks to my eyeball like the slope increased mid-way through the 2010-2020 decade

Compare the first derivatives, not the percentage increase?


41 posted on 02/18/2020 11:11:25 AM PST by Strident (< null >)
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Comment #42 Removed by Moderator

To: yesthatjallen

I’ve been in construction for 42 years...this is the biggest expansion in my lifetime


43 posted on 02/18/2020 11:37:44 AM PST by SPRINK (G)
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To: yesthatjallen

“Who are you going to believe? Me or your lying paycheck?”


44 posted on 02/18/2020 11:42:01 AM PST by william clark (Ecclesiastes 10:2)
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To: veritasdavino
anyone have some number stats to prove this idiot wrong ?

I was hoping by now someone would have debunked the original article I posted. It hasn't happened yet.

45 posted on 02/18/2020 11:45:00 AM PST by yesthatjallen
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To: gcparent

Mine either!


46 posted on 02/18/2020 12:55:02 PM PST by susannah59
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To: yesthatjallen

When obama was first inaugurated jan 2009 the djia was 7550. Now its 29000 something.


47 posted on 02/18/2020 1:04:06 PM PST by gcparent (Justice Brett Kavanaugh)
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To: susannah59

18332 djia day trump was elected.


48 posted on 02/18/2020 1:07:59 PM PST by gcparent (Justice Brett Kavanaugh)
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To: yesthatjallen
Federal Funds Rate - 62 Year Historical Chart

Compare the interest rates under Obama's entire time in office versus Trump.

Obama had 0% almost his entire time in office.

Add to that the Fed's QE1 December 2008-June 2010, $2.1 trillion in artificial economic growth.

QE2 November 2010 through June 2011, added another $600 Billion in artificial growth.

QE3 September 2012 through October 2014, added another $4.5 Trillion in artificial economic growth.

$7.2 Trillion in artificial economic growth.

Nothing but smoke and mirrors during the Obama years.

49 posted on 02/18/2020 1:11:57 PM PST by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
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To: Londo Molari

Can’t believe that this SOB graduated from my beloved University of Alabama


50 posted on 02/18/2020 1:16:12 PM PST by Colt1851Navy (What was wrong with Nixon?)
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To: SteveH
In 2014, Fed interest rates were at 0.0%

From day one for Trump, those interest rates started at 0.66% and went to 2.44% in April 2019 and are now down to 1.58%

Interest rates are still low, but were at 0.0% during nearly all the quarters of the Obama years.

Interests rates were raised to slow the economy.

51 posted on 02/18/2020 1:18:09 PM PST by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
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To: yesthatjallen

The Mika-whipped POS has hit the bottom.


52 posted on 02/18/2020 1:20:12 PM PST by windsorknot
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To: ProtectOurFreedom
If you look at the Obama years, you see his dip happening AFTER he took office.

The market had dropped from 14K to around 8.5k when he was elected and dropped another couple hundred before he was inaugurated. It bottomed out around 7000 near the end of February his first year.

53 posted on 02/18/2020 1:41:17 PM PST by semimojo
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To: yesthatjallen

Poor Joe. Had a dead intern in his congressional office.

Check six Mika.

5.56mm


54 posted on 02/18/2020 1:46:30 PM PST by M Kehoe (DRAIN THE SWAMP! Finish THE WALL!)
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To: semimojo

At 7000, it had nowhere to go but up.
And yet it grew SLOWLY over that time.
Add to that having virtually free money at a fed rate of 0.0%
And $7.2 Trillion in 3 rounds of Quantitative Easing.


55 posted on 02/18/2020 2:17:32 PM PST by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
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To: mountn man

If any of the current crop of communists on the Dem side gets elected, we will look upon 7,000 with fond remembrance— when it craters to 4,000. “If only I had bailed out at 7,000.”


56 posted on 02/18/2020 2:46:32 PM PST by ProtectOurFreedom
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To: semimojo

Thanks for filling in the details.


57 posted on 02/18/2020 2:46:55 PM PST by ProtectOurFreedom
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To: mountn man; ProtectOurFreedom
And yet it grew SLOWLY over that time.

No doubt it had a lot of room to rebound but look at post 17 - the pace was pretty good.

58 posted on 02/18/2020 2:47:10 PM PST by semimojo
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To: semimojo

LOL...Post #17 is mine!


59 posted on 02/18/2020 2:54:28 PM PST by ProtectOurFreedom
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To: ProtectOurFreedom
LOL...Post #17 is mine!

Right. I was copying you since I referenced your post.

60 posted on 02/18/2020 3:10:32 PM PST by semimojo
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