A reminder about who helped the US economy grow

a reply to: network dude

Me and my wife saw tremendous income growth soon after Trump was elected. Now what liberal fools will say is it's impossible for Trump's policies to have had an actual effect on the economy at that time. Since it's true, why are they fools you might ask. Because it was market confidence, not policies, that saw the initial explosion, and it was policies that carried it later.

Market confidence immediately shot up almost 30 points to ~125, to levels not seen since the 90s. Under Obama market confidence stagnated at ~95 for his last few years, and reached as low as 40 in 2011.

originally posted by: DJMSN
a reply to: Xcalibur254

Wages have risen at a greater rate since the Great Recession under Trump.

www.cnbc.com...

I think so as well. As CEO of an small C corp, I used our corporate tax cut to fund much needed pay increases for our employees. If the cuts are rescinded it’s really going to hurt. People think corporations are rolling in cash, but that’s only true for a handful of the giants. Most smaller businesses get by on less than 10% profit. The Federal, State, and local government makes much more than that on our company. Most state and local taxes are based on gross sales not profit. There is a big difference.
I think the President is a breath of fresh air compared to the usual smell of BS coming out of Washington.

a reply to: odzeandennz

I thought dems didnt care about the debt especially when black jesus doubled it.

originally posted by: DJMSN
a reply to: Xcalibur254

Wages have risen at a greater rate since the Great Recession under Trump.

www.cnbc.com...

I got more pay increase in 1 year under Trump than I got in 8 years under Obama. My wife got a 40% pay increase under Trump. I have been waiting since 2010 to make enough to quit my job and finish classes. Our financial situation became so great I quit my job. The job I will have soon has seen a $25k/year increase in starting pay since Trump took office.

originally posted by: Bluntone22
a reply to: odzeandennz

I thought dems didnt care about the debt especially when black jesus doubled it.

they did. their Lord and savior set a record for the debt.

but maximizing the one shred of salvation for Trump as a me a culpa or just turn our heads and let the man be the slimiest he can be in the highest office of the world's number one superpower is sheer lazyness and akin to how cult members defend their leaders when the law cracks down on them.

but the economy is great, mass shootings must also be great, since they've become a norm, highest suicide rate per capita since ever, drug addiction rate, lowest in school performance in decades, no one fears Trump, not even Maduro or Lil Kim budge when Trump threatens them because they know what he is, also highest attrition rate for government officials ever, a revolving door cabinet...

Trump can't get credit for the good (singular) and be absolved of the bad(plural)

leadership doesn't work like that.

I actually agree with the Republicans in this thread. If there's one thing a shady businessman being President does, its give confidence to the currency speculators that control the economy.

Billionaire institutions are all doing the happy dance. Everyone else, not so much. The old tired line "It's the economy stupid." died off around the turn of the century.

Trickle down economics is the same joke its always been, and the massive inflating debt that Trump has ballooned by himself will eventually come crashing down.

And then you all can blame whatever Democrats are in office for the bad shape the economy is in. Rinse, wash, repeat.

a reply to: odzeandennz

While I overall agree, I do not place all of that blame on Trump. Mass shootings is due to this us vs them atmosphere liberals and their media henchmen have created. They are happy though, as long as it brings in some votes.

a reply to: Edumakated

Beat me to it. That there was a Clinton creation so poor people that couldn't afford housing loans could then get them. Then when the bubble popped, all those people came back and sued lenders because the lenders gave them a loan that they couldn't pay back.

That made a lot of sense. You would think that he would have made housing more affordable to go along with those will be failed loans.

originally posted by: underwerks

Billionaire institutions are all doing the happy dance. Everyone else, not so much.

Me and my wife, a 1st generation immigrant who JUST got her citizenship are doing the happy dance. While the specifics are a bit complicated, our wage growth, which increased only 20% under Obama's 8 years, is set to increase 300% under Trump if he is elected another 4 years.

originally posted by: dfnj2015
a reply to: network dude

Compare the economy GWB left for Obama to the economy Obama left to Trump. That's where the interesting analysis lies.

You mean the economy that Republicans said was going to happen, and Democrats covered their ears and ensured happened? It's hilarious you listened to CNN and believed the fake news even then. Barney Frank from MA, my home state, is one of the most responsible.

Hey, Barney Frank: The Government Did Cause the Housing Crisis
www.theatlantic.com...

Here is a video of a 2004 hearing where Republicans said exactly what will happen, and Democrats refused to address it. Instead they pushed for more of the loans that were causing problems.

Obama did not fix anything, all he did was throw money at things, feeding deceptive business owners who were about to go under. Eventually they did go under, after shuffling off a lot of money given to them by Obama.

originally posted by: Xcalibur254
a reply to: StallionDuck

Imagine how much better it would be if wages kept up with CEO income.

You still on the wealth envy kick ?

originally posted by: dfnj2015
a reply to: network dude

Compare the economy GWB left for Obama to the economy Obama left to Trump. That's where the interesting analysis lies.

Just think , if not for the Democrat's Home Ownership for All Plan the GWB economy would not have fell and Barry would have had a much worse time of finishing it off.

originally posted by: underwerks
I actually agree with the Republicans in this thread. If there's one thing a shady businessman being President does, its give confidence to the currency speculators that control the economy.

Billionaire institutions are all doing the happy dance. Everyone else, not so much. The old tired line "It's the economy stupid." died off around the turn of the century.

Trickle down economics is the same joke its always been, and the massive inflating debt that Trump has ballooned by himself will eventually come crashing down.

And then you all can blame whatever Democrats are in office for the bad shape the economy is in. Rinse, wash, repeat.

SOCIALISMS! SOCIALISMS MAKE EVERY ONE GOOD HAPPY!

originally posted by: Bluntone22
a reply to: odzeandennz

I thought dems didnt care about the debt especially when black jesus doubled it.

There was a meteoric rise in the Debt:GDP ratio from 2008 - 2013, from 64% to 103% (the only measurement of the debt that really matters - pure dollars is just for news organizations to sway the opinion of those who don't understand macroeconomics.)

Debt:GDP then dropped to 99% in 2015 and has since risen very gradually to its current record around 105%. A growing economy should eventually outpace the debt, and we'll see that number come down. We made it thru the meteoric rise of the 1980's, we'll make it thru this one too.

a reply to: network dude

It isn't a myth, it is fact that economic policy takes a few years to trickle through (in terms of effect) in Western Democracies - meaning Trump couldn't take credit for the initial US economic success. You may not like that but that is how economic fiscal policy works here in the West.

However, you are correct to say that the economic success now is a direct result of Trump's policies. As such, credit where it is due.

Trump isn't the devil and he isn't god - he is like everyone else on the planet. He should be praised where appropriate but also critiscised where appropriate, in other words held to standards as the leader of the only Superpower. The economy is an unqualified success for him so far.

a reply to: Flavian

a very level headed post. Well done.