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originally posted by: Fools
originally posted by: CriticalStinker
originally posted by: notsure1
originally posted by: Tompdx3
a reply to: notsure1
Yeah, he is killing something alright. But it is nothing good however you wish to spin it in your head!
This is called "denial"
Or just the partisan circle jerk.
Trump supporters say the economy is great because of him. The left says this is all coming in from the end of Obama's reign.
Aside from the stock market, the economy isn't that great. Considering nothing fixed what happened in 08', it surely could happen again, and many say it may be worse.
If you look at average Americans, their pay isn't increasing, and debt continues to mount on them and the country.
Normally I would say that a president alone cannot have a total effect on an economy. Trump is an exception. His massive cancellation of business regulations set this in motion. It really did, and it is kind of funny that no president attempted that before. Were they afraid to? Did they just not think of it? Or was it because most of them were lawyers by trade and have no idea what running a real business is like. I mean face it, a lawyer gets more wealth by influence, not by actual work or some sort of product that he or she produces. They have no idea how lawfare messes with business and frankly they don't care because it enhances and makes their industry more wealthy. As a matter of fact I would say with much reason that we have lived in the "age of lawfare" since the end of World War 2. Probably longer.
Also the way that he is handling trade deals on a per nation basis instead of a "group of nations" basis is also very smart. Makes you wonder why we (and everyone else for that matter) have been doing it in this globalist manner for so long.
During the televised press conference in which he announced his tax plan, Republican presidential frontrunner Donald Trump returned to a claim he has made before -- that the official unemployment rate -- currently 5.1 percent -- woefully undercounts the percentage of people who are unemployed.
During the Sept. 28, 2015, media event, Trump described an unemployment rate in the range of 5 percent as "such a phony number."
"The number isn't reflective," he said. "I've seen numbers of 24 percent -- I actually saw a number of 42 percent unemployment. Forty-two percent." He continued, "5.3 percent unemployment -- that is the biggest joke there is in this country. … The unemployment rate is probably 20 percent, but I will tell you, you have some great economists that will tell you it's a 30, 32. And the highest I've heard so far is 42 percent."
originally posted by: pexx421
I think it’s more that govt lies and manipulation of statistics has hit its highest rate since the 1960s. Wages went up 2.8%? My wages used to go up 5% a year. Every year. Until 08, when my company only made 300 million in profit, but said they couldn’t afford to give us raises because “the economy”. And now I’m supposed to flip my sht cause someone out there has 2.8% higher wages this year? While the stock market is rocking and rolling in record profits and unemployment is at an all time low? Sorry. Those numbers don’t add up.
originally posted by: pexx421
I also notice the deregulation seems biased as well, favoring his friends and big business. Deregulation of oil, mining, etc. I notice there’s no deregulation of healthcare, or supplements, ie things that could break big corporate power. Deregulation of weed and drugs? Nope. Deregulation of workers, ie we need umpteen licenses for everything we want to do? Nope. Just deregulation of pollution laws and such. I’m surprised he hasn’t rolled back the regulations on labor safety, age, wages, etc.
I agree. I've never seen such blind adherence to a political candidate in my life. Talk about ridiculous, from both sides.
originally posted by: LSU2018
a reply to: shawmanfromny
I'll give Obama credit... Credit for effing the economy up so bad that our elected president was able to reverse everything Obama did, therefore bringing the economy back to prominence.