Society Stop Giving Trump Credit for the Economy

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Gay For Longo

*insert Matt Serra meme
Jan 22, 2016
16,758
18,007
Mate. You and I get on heaps, but unless you're fucking about I have to disagree. At least he had an element of charisma, this dipshit in The Whitehouse is leading with his dick and ego. It's disgraceful. I love living here but if you plonked an alien in this country who knew fuck all about politics (like him) they'd fucking laugh at us. I can't say the UK's much betterbut at least she didn't have a string of bankrupt businesses employing illegal immigrants and clothing lines made in China when she was trying to make Britain Great AGain.
Was fucking around about the only praising him for his skin color
They praise him if he managed to manipulate them too

His charisma is what allows him to be as evil as he is while manipulating the lot
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
44,116
89,914
Don't timelines depend on which policy?

For instance the looming student loan crash and subprime auto crash will occur after Jan 20 but those are not the result of the current administration.

Likewise, Obama did a fine job of continuing bush tarp policies and the cash 4 clunkers auto company bailout and stimulus didn't hurt things but have suspect benefits beyond blowing through 2 trillion. 8 years of unsexy...not badness. But it isn't the reason for the current heating up.

The stock market absolutely has a trump effect built in


But that will correct if infrastructure spending doesn't get passed. The market is counting on a lot that still has to get through Congress with or without the midterms.

We'd have a good economy based on Obama regardless. But corporate hiring and market movement is built on bullish optimism as a combination of what has been done and what hopes to be done domestically and internationally.
 

IschKabibble

zero
First 100
Jan 15, 2015
17,079
23,024
Facetiousness doesn’t translate well through text. Why aren’t dems celebrating? Don’t they want guns off the street? Oh that’s right, virtue signaling and nothing more. This should be a big win for them! But no, they don’t care. Still championing their former president that was responsible for flooding the streets with scary guns... which they are supposed to be against.
Then you've got that little number where he pardoned a bunch of drug dealers, but recertified cannabis as Schedule I just before leaving office.
 

kneeblock

Drapetomaniac
Apr 18, 2015
12,435
22,917
Don't timelines depend on which policy?

For instance the looming student loan crash and subprime auto crash will occur after Jan 20 but those are not the result of the current administration.

Likewise, Obama did a fine job of continuing bush tarp policies and the cash 4 clunkers auto company bailout and stimulus didn't hurt things but have suspect benefits beyond blowing through 2 trillion. 8 years of unsexy...not badness. But it isn't the reason for the current heating up.

The stock market absolutely has a trump effect built in


But that will correct if infrastructure spending doesn't get passed. The market is counting on a lot that still has to get through Congress with or without the midterms.

We'd have a good economy based on Obama regardless. But corporate hiring and market movement is built on bullish optimism as a combination of what has been done and what hopes to be done domestically and internationally.
We're not going to have a student loan crash for at least another 2 election cycles. It's coming, but we're still a ways away.
 

KWingJitsu

ยาเม็ดสีแดงหรือสีฟ้ายา?
Nov 15, 2015
10,311
12,689
You might want to examine the metrics historians have used to grade Presidents since for decades and see where Obama ranks. The fact that you would assume he only gets diversity credit is pretty much the most trite standard racist reaction to a black president there is. He wasn't the best or the worst, but your statement is pretty imbecilic.
 

kneeblock

Drapetomaniac
Apr 18, 2015
12,435
22,917
Who would you give worst to kneeblock @Kneeblock and where would you rank barry
Warren Gamaliel Harding, Andrew Johnson, and George W. Bush are in a 3 way tie for worst President imo.

Obama is probably in the top 11 somewhere. It's a bit too early to say. We've had a lot of Presidents who were awful or forgettable. Personally, I can't rate any President who presided over slavery or in the pre-women's suffrage era. That half the population once couldn't vote means all electoral results and popular opinions are dubious. We have to start from 1920 for eligibility under this criteria. So there have only been 16 Presidents in free and fair elections in the US (and realistically we could extend all the way to 1965 and the voting rights act since several groups were periodically denied the vote until that act). Of the 16, Obama is undeniably top 5, maybe top 3.
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
44,116
89,914
We're not going to have a student loan crash for at least another 2 election cycles. It's coming, but we're still a ways away.

I think that's a fair assessment. The subprime car crash is coming sooner. My point was that the "one year" rule loses context and isn't really accurate.

We have a positive economic growth from Obama. Absolutely. Where Europe hamstrung some of their own recovery, Obama did a good job not following suit. We got first mover benefits by being the least worst house in a bad neighborhood as others trudged along.

4 quarters of repeatedly beating expectations on top of that in 2017 is corporate and market faith in current administration actions...Current and expected actions.

Trump can and is owed credit for some additional growth already.

And if we get a big market correction because things likely infrastructure and certain deregulation don't go through, associated parties will be owed that responsibility/blame.
 

Hwoarang

TMMAC Addict
Oct 22, 2015
4,002
6,085
You might want to examine the metrics historians have used to grade Presidents since for decades and see where Obama ranks. The fact that you would assume he only gets diversity credit is pretty much the most trite standard racist reaction to a black president there is. He wasn't the best or the worst, but your statement is pretty imbecilic.
No he's right.
It's only coz he's black. The nobel peace prize he 'won' proves that.
 

KWingJitsu

ยาเม็ดสีแดงหรือสีฟ้ายา?
Nov 15, 2015
10,311
12,689
Everyone knows that a new President's economic policies aren't felt for at least 1 year after he takes office.

The person we should truly be giving credit to is Obama.

We can start talking about Trump's economic policies with everything that happens post-January 20.
Only dumb momos don't know this.
Mostly because the word "fiscal" isn't in their limited "genius" vocabulary.
 

Zeph

TMMAC Addict
Jan 22, 2015
24,355
31,947
Stock market rising = good economy? Does the stock market rising translate into better jobs for half the country? Who is mainly benefiting from a large stock market increase?
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
44,116
89,914
Stock market rising = good economy? Does the stock market rising translate into better jobs for half the country? Who is mainly benefiting from a large stock market increase?
We continue to beat expectations on hiring and gdp growth. So jobs do benefit the proletariat

Same with wage increases and decreases in use of social welfare programs.

50% of Americans benefit from the stock market boom directly. More should be, but we are a fickle bunch that aren't so good at prioritizing short term sacrifice for long-term gains.
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
44,116
89,914
No he's right.
It's only coz he's black. The nobel peace prize he 'won' proves that.

Do you really believe that?

Obama was a smooth talking senator with two speeches that made my nips hard and looked to mend international relations. I'm not sure that was about being black as much as being "not bush".
 

Papi Chingon

Domesticated Hombre
Oct 19, 2015
27,363
34,221
Don't timelines depend on which policy?

For instance the looming student loan crash and subprime auto crash will occur after Jan 20 but those are not the result of the current administration.

Likewise, Obama did a fine job of continuing bush tarp policies and the cash 4 clunkers auto company bailout and stimulus didn't hurt things but have suspect benefits beyond blowing through 2 trillion. 8 years of unsexy...not badness. But it isn't the reason for the current heating up.

The stock market absolutely has a trump effect built in


But that will correct if infrastructure spending doesn't get passed. The market is counting on a lot that still has to get through Congress with or without the midterms.

We'd have a good economy based on Obama regardless. But corporate hiring and market movement is built on bullish optimism as a combination of what has been done and what hopes to be done domestically and internationally.
Don't feed the troll
 
M

member 3289

Guest
Stock market rising = good economy? Does the stock market rising translate into better jobs for half the country? Who is mainly benefiting from a large stock market increase?
Rich get richer

Making America great again
 

Zeph

TMMAC Addict
Jan 22, 2015
24,355
31,947
We continue to beat expectations on hiring and gdp growth. So jobs do benefit the proletariat

Same with wage increases and decreases in use of social welfare programs.

50% of Americans benefit from the stock market boom directly. More should be, but we are a fickle bunch that aren't so good at prioritizing short term sacrifice for long-term gains.
Depends on the quality of the jobs. Most of the jobs created since 08 have been temporary. Which isn't just a U.S. problem.

What wage increases are we talking about? Decreases in the use of welfare programs help people how?

Assuming your 50% number is correct, how are the rest supposed to benefit when 56% of American's, in 2016, didn't have $1k in their saving?
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
44,116
89,914
Depends on the quality of the jobs. Most of the jobs created since 08 have been temporary. Which isn't just a U.S. problem.
We are mostly divvying out the last year and that's what I was referencing since this thread. But I think your point is right and interesting...just tangential.

Decreases in the use of welfare programs help people how?

It's a surrogate measure of those increased working and increased wages.
Less use of welfare programs, if it's due to less need of them, as is implied with an associated decrease in unemployment and wage increases, is a good thing intangibly. Tangibly it costs less and has a larger halo effect of more efficient economic benefit.

Assuming your 50% number is correct, h

It is. That's is the approximate number that own stocks, the large majority of which are in cross market indexes.

how are the rest supposed to benefit when 56% of American's, in 2016, didn't have $1k in their saving?
It's not. I was just answering your question. It isn't a panacea. Just a fact of who benefits.