Posted on 08/08/2018 8:23:50 AM PDT by SeekAndFind
Over the last year and a half, there have been three things one could say about Donald Trump’s standing with the public, depending on which aspect you wished to emphasize:
(1) Trump is not very popular.
(2) Given his scandals and wildly unpresidential conduct in office, Trump is surprisingly popular.
All three of these points are neatly brought together in a chart compiled by political scientist Patrick Egan, comparing presidential approval rating to consumer sentiment. The historically large divergence between the two illustrates just how badly Trump is underperforming given the buoyant assessment of the economy:
But beneath all these points, there is another question that has not yet been answered: Why is the public so positive about the economy in the first place?
The preferred Republican answer is that Trump has turned the economy around with his brilliant combination of deal-making, tax-cutting, and freeing Job Creators of laborious Obama-era regulation. There is no evidence whatsoever for this widespread claim. Ramesh Ponnuru and Michael Strain, two conservative writers, examine a wide array of economic data, and find the economy is performing no better now than it did in Obama’s second term. Overall economic growth is the same, and job growth is slightly slower. The Trump tax cut is supposed to spur more investment, which would increase incomes over the long run, but there is no sign of any increased investment so far. (3) Given the public’s view of the economy, which is highly positive, Trump is extremely unpopular.
(Excerpt) Read more at nymag.com ...
Obama ? Obama ? where did I hear that name before ?
NOT the same economy, asshole.
Less than 3 is greater than 4.1.
“The New Maff”, by the DNC.
No sale reptard!
Probably because the Leftist Obama fan club is lying?
https://www.wsj.com/articles/u-s-employment-costs-rose-in-the-second-quarter-1533040473
Better wage growth, faster GDP growth, higher labor participation and lower unemployment, most open jobs.
The liars pushing this myth are manufacturing a fraudulent premise. This is NO WHERE near the “same” economy under Trump.
Maybe because Obama was working for Iran instead of us.
False. Intellectually dishonest to compare the best of Obama 8 years to Trumps 2 years
Yes, “New Maff” indeed.
OPEC (Saudi Arabia mostly) dramatically lowered oil prices for Obama BEFORE the 2014 midterm elections Specifically to bump the economy to enable the claim that “Obama did it!” ... Now, under Trump, to attack Trump and regain money and in a rising economy , they want more money
Because Trump deserves it and bammy didn’t.
Because of tax cuts and eliminating regulations that stifled growth.
When people say that Obama was responsible for the good economy, always ask them to identify the actions that he took to help. They never can. Trump lowered taxes, and reduced regulations with the help of a Republican Congress. Obama’s economy improved notice only after the Republicans took ver Congress.
In desperation, they might give the totally phony argument that Obamacare helped. But if that were the case, the economy would be getting weaker because Obamacare has been eroded.
I think that 4.9 qtr was also the Obamacare enmass payment dump iirc, so it is deceiving. And heck, that was 3 years ago.
It ain’t the same economy
Obozo drove it into the ground. Trump is rescuing it
“Actually, Obama had a 4.9 quarter in Q3 2014.”
After cooking the books.
I was under the impression Obama’s GDP, even quarterly, never reached 3.0. Thanks for the correct info.
It is just amazing how dumb supposedly smart people
can be, Jonathan.
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