You don't have to give Trump the credit but his economy is soaring

The Boston Herald ^ | 11-05-2018 | Herald Staff

[calvincaspian]

The economy is roaring. On Friday the Bureau of Labor Statistics released the jobs report for October. It exceeded expectations.

We are seeing the best wage growth since 2009, when we were crawling out of the recession. In October, 250,000 jobs were added to the economy. The unemployment rate held at 3.7 percent — its lowest level since 1969.

The average hourly earnings increased at a 3.1 percent pace, year over year. That is the strongest wage growth since April 2009. More people are working than in any time in recent memory and employers are having trouble filling positions.

[calvincaspian]

We all have reason to cheer the good news. As John F. Kennedy often said, “The rising tide lifts all the boats.” The unemployment rate for black Americans stands at 6.2 percent — the lowest on record. The unemployment rate for Hispanics fell to 4.4 percent — the lowest on record since 1973. Call it Obama’s economy or call it Trump’s economy, what’s not arguable is that this is a fantastic economy.

[ClearCase_guy]

What, we should give Obama the credit?

[wiseprince]

Sure if the economy we’re crashing they’d be calling it Obama’s economy two years in... Apparently cutting taxes, tarrifs, cancelling trade agreements, enticing other countries to buy more from your country and cutting regulations has 0 effect on the economy. I wonder why so many people fight it then...

[rlmorel]

I think that what is unarguable is that it is Trump’s Economy.

Obama and his henchmen did all they could to sabotage and destroy it.

Trump has been giving tax breaks, reducing legislative overhead, renegotiating unfair treaties, working on enforcing immigration law, and generally getting out there and talking about the good of an economy that favors industry, all things that Wall Street and an economy like.

I completely understand the rhetorical tool you used to make that point, but will not support those who want to prop up their own alternate reality. (Not you!)

[Da Coyote]

Boston.
Massachusetts.
They elect Kennedys, Kerrys, and Warrens.
Dumbasses.

[ronnie raygun]

yeah its he 8 years of the a##hat that gave us the economy we enjoy today. Dreams of the dumba##

[Beautiful_Gracious_Skies]

Trump has done more in 2 years than the Bushes had promised and failed to do for us in 30 years.

God Bless President Trump.

[semimojo]

I think that what is unarguable is that it is Trump’s Economy.

True, to the extent that a President defines an economy, which isn’t a very great extent - especially in the short to medium term.

Trump has now overseen the creation of 4.1 million jobs in his first 21 months in office, while 4.5 million were created in Barack Obama’s last 21 months in office

Business cycles have a life of their own.

[throwback]

When Obama said “you didn’t build that” who could have known he was talking about himself years later.

[freedomjusticeruleoflaw]

Krugman post election- The stock market will NEVER recover.

You don’t get to revise your childish prognostications Paul. And the fact that the economy INSTEAD went the other way means you don’t get to make any NEW predictions.

Get up and go vote people. Enjoy the show tomorrow night.

[SubMareener]

So we would have had this job growth even if no regulations were cut? If the President hadn’t snuck opening ANWR into the Tax Cut Bill? If he didn’t jawbone countries and companies into doing things that benefit the American economy? Are you serious?

[freedomjusticeruleoflaw]

Government is like the coach of a great team. He can’t win without great players, but he sure can screw up team full of winners. Obama was held in check for 6 years, and his slow growth policies kept the working class poor and the upper class wealthy. Trump is unleashing every class.

[9YearLurker]

Why not give credit where credit is due? We all know he’s been working hard on taxes, regulations and trade deals that are making a difference. And he is just getting warmed up!

[rlmorel]

I am going to disagree with your opening statement (that a President doesn't define an economy to any great extent) completely, nothing personal here. It is a hot button subject for me, so this isn't directed at you, I understand the way you made your point with the use of the Washington Post article you linked to.

I believe that the leadership and direction of this President has had a massive impact on this economy. It is things like this described in these two graphs from Leftist sources that have an impact, historic in its implementation:

That isn't an accident or inaction that caused that decrease in the Federal Register (which serves as a good proxy for bureaucratic overhead) in Trump's first full year in office. That was deliberate action and direction on his part.

His insistence on changing treaties and agreements that have been eminently unfair and one-sided against us (or withdrawing from them if they can't be changed, such as the Paris Climate Accord) is the mark of a businessman, especially one who understands business.

The tax breaks were done at his insistence and direction, which injected positive life into the economy.

His revitalization of the Energy sector in this country is his work, opening up coal mines and oil exploration, all of which were being dismantled, legislated against, and destroyed by the Obama Administration.

His use of the Bully Pulpit to talk up industry, has a revitalizing effect, not only on the industries themselves, but on Wall Street.

All this has been in concert with his direction, and can be contrasted in every aspect with an equally opposite negative impact deliberately pursued by the Obama Administration...the steady climb in the pages of the Federal Register (deliberate) the studied willingness to keep unfair treaties (because they helped everyone all over the globe except the USA) and engage in COMPLETELY offensive agreements like shipping pallets of money to Iran and the pursuit of the stupid Climate Change agenda, the opposition to tax breaks of any kind, the deliberate destruction of the energy sector, the talking down of American Industry and business on a world stage and promoting globalism that favors other countries, and general disparagement of profitable business in favor of non-profit organizations.

But most of all, it was the DELIBERATE repudiation of American leadership around the globe in everything from national security and strategy to industry. It was no accident, as Obama detested the idea of the United States as a strong global leader, as the image below shows:

I did read that execrable Washington Post article, both predictable in the source, and they way it did an immediate segue to the hate, intolerance, and fear being fostered (in their words) by the Trump Administration. The point you mentioned from the article about the 4.5 million jobs in the last 21 months of the Obama Administration is typical. By their OWN admission (elements within the Obama Administration themselves) the majority of those were low-level, service oriented admission level jobs, not serious industrial, skilled, or engineering jobs.

[Parley Baer]

“What, we should give Obama the credit?”

Obama blamed Bush for all his failures. Now that President Trump has turned things around Obama wants to take credit. Bwahahahahahaha

[The Great RJ]

Obama trying to claim credit for Trump’s roaring economy is the biggest joke of this century. Trump’s success in moving the economy forward solely can be attributed to rolling back Obama’s economic policies.

[drpix]

"Call it Obama’s economy"

Did you fall on your head or are you a brainwashed leftist troll?

In 2016 when Trump spoke of bringing the manufacturing jobs back from overseas, Obama said it was impossible (and make his crack about a magic wand).

In 2016 when Trump spoke about raising the GDP over 3.0, Obama claimed beating his highest of 3.0 (for 1 single quarter) was no longer possible.

Obama never sought, planned for or even ever wanted Americans to do better economically!

Obama my F$%^ing @$$!

[dead]

"Please name the specific policies that Obama instituted or supported that caused this spectacular economy."

Shuts up liberals every time. They don't even know what an "economic policy" is. NPCs repeating programmed phases.

[semimojo]

So we would have had this job growth even if no regulations were cut?

Given that job growth has actually slowed a bit since DJT took office, I’d have to say yes.

I’m not blaming him or crediting Obama, just pointing out that in the short term the economy doesn’t much care who the President is.

[SubMareener]

Look closely at the charts. Things started to turn around in November 2016 after he was elected. The business people knew President Trumo would keep his promises. He didn’t have to “take office”.