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Re: There is No Economic Boom Under Trump - Never Was!

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Message 21 of 29

@mickstuder wrote:

@rk9152 wrote:

Make your case to those who were previously unemployed and now have jobs.


You Mean the Record Setting 20k jobs Trump created last month?

 

US added only 20,000 jobs last month — fewest since September 2017 - the first month Trumps Economic Policies have had any effect

 

Source - https://www.cnn.com/2019/03/08/economy/jobs-report-february/index.html

 

The hypocrisy of Trump’s jobs claims, in one chart

 

Trump used to say jobs numbers were fake. Now he says the news is.

 

The way Trump talks about the jobs market has undergone a pretty dramatic shift in recent years, and not because of a major change in economic trends. It’s because Trump loves moving the goalposts on his measures of success.

 

The US economy has been steadily adding jobs since the Great Recession. Under President Barack Obama, the economy averaged an additional 109,000 jobs per month, and the administration oversaw 75 consecutive months of growth, the longest streak of total job growth on record.

 

Under Trump, the trend has continued: The economy has kept adding jobs, and the unemployment rate is now at 4 percent, nearing historically low levels.

 

But the way Trump talks about it, you wouldn’t know it. Aaron Sojourner, a professor at the University of Minnesota and a former labor economist for the Council of Economic Advisers under Obama and Trump, charted out the shift in Trump’s talking points — compared with how the US jobs market is actually doing — on Twitter recently.

 

 

jobs jobs jobs.png

 

Trump on Obama's Numbers 2012 job job.png

 

 

Source - https://www.vox.com/policy-and-politics/2019/1/30/18203611/trump-jobs-numbers-obama-economy-state-of...

 

 

 


Due  to the actions of President Trump more PEOPLE have jobs, LESS are unemployed. All the CHARTS and old tweets in the world WILL not change that.

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Re: There is No Economic Boom Under Trump - Never Was!

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Message 22 of 29

Mick, nice charts and corresponding numbers. Just goes to show that as is his mode, he continues to claim and take credit for that which is not his.

What trump seems to good at is building houses without foundations. Totally false fronts that collapse upon close inspection or a little shaking!

 

Never Forget 

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Re: There is No Economic Boom Under Trump - Never Was!

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Message 23 of 29

@rk9152 wrote:

Make your case to those who were previously unemployed and now have jobs.


You Mean the Record Setting 20k jobs Trump created last month?

 

US added only 20,000 jobs last month — fewest since September 2017 - the first month Trumps Economic Policies have had any effect

 

Source - https://www.cnn.com/2019/03/08/economy/jobs-report-february/index.html

 

The hypocrisy of Trump’s jobs claims, in one chart

 

Trump used to say jobs numbers were fake. Now he says the news is.

 

The way Trump talks about the jobs market has undergone a pretty dramatic shift in recent years, and not because of a major change in economic trends. It’s because Trump loves moving the goalposts on his measures of success.

 

The US economy has been steadily adding jobs since the Great Recession. Under President Barack Obama, the economy averaged an additional 109,000 jobs per month, and the administration oversaw 75 consecutive months of growth, the longest streak of total job growth on record.

 

Under Trump, the trend has continued: The economy has kept adding jobs, and the unemployment rate is now at 4 percent, nearing historically low levels.

 

But the way Trump talks about it, you wouldn’t know it. Aaron Sojourner, a professor at the University of Minnesota and a former labor economist for the Council of Economic Advisers under Obama and Trump, charted out the shift in Trump’s talking points — compared with how the US jobs market is actually doing — on Twitter recently.

 

 

jobs jobs jobs.png

 

Trump on Obama's Numbers 2012 job job.png

 

 

Source - https://www.vox.com/policy-and-politics/2019/1/30/18203611/trump-jobs-numbers-obama-economy-state-of...

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: There is No Economic Boom Under Trump - Never Was!

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Message 24 of 29

myexper,

I agree 💯 with your post. But, I am not the true genius Trump is. Plus, I find it easier to tell the truth. 

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Re: There is No Economic Boom Under Trump - Never Was!

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Message 25 of 29

@rk9152 wrote:

@myexper wrote:

@rk9152 wrote:

Make your case to those who were previously unemployed and now have jobs.  .....


..... Thanks to President Obama's successful actions ..... coat tails Trump has been riding on!


Regulation reduction and tax cuts were not the actions of Obama.


Neither was tRump's treason at Helsinki...

 

 

 

44>dolt45
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Re: There is No Economic Boom Under Trump - Never Was!

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Message 26 of 29

@myexper wrote:

@rk9152 wrote:

Make your case to those who were previously unemployed and now have jobs.  .....


..... Thanks to President Obama's successful actions ..... coat tails Trump has been riding on!


Regulation reduction and tax cuts were not the actions of Obama.

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Re: There is No Economic Boom Under Trump - Never Was!

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Message 27 of 29

@rk9152 wrote:

Make your case to those who were previously unemployed and now have jobs.  .....


..... Thanks to President Obama's successful actions ..... coat tails Trump has been riding on!

DUMP TRUMP AND DITCH MITCH TO MAKE AMERICA GREAT AGAIN!!!
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Re: There is No Economic Boom Under Trump - Never Was!

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Message 28 of 29

Make your case to those who were previously unemployed and now have jobs.

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There is No Economic Boom Under Trump - Never Was!

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Message 29 of 29

President Trump likes to brag about the supposedly booming economy. So do other Republican politicians. Some journalists have gotten into the habit too, exaggerating the strength of the economic expansion, because it makes for a good story.

 

Here’s the truth: There is no boom. The economy has been mired in an extended funk since the financial crisis ended in 2010. G.D.P. growth still has not reached 3 percent in any year, and 3 percent isn’t a very high bar.

 

Last week, while attending an economics conference in Washington, I discovered one particularly clear sign of the economy’s struggles — namely, that it keeps performing worse than the experts have predicted. I put together this chart to show the trend:

 

 

Economic Boom.png

Again and again, Federal Reserve officials have overestimated how quickly the economy would grow. They keep having to revise their forecasts downward, only to discover that they didn’t go far enough down. Economists on Wall Street and other parts of the private sector have made the same mistake.

 

Over time, the differences between the experts’ predictions and the economy’s performance have added up. The American economy would be about 6 percent larger today — producing $1.3 trillion more in goods and services this year — if the forecasts had come true. And for most families, real-life experience has been more disappointing than the G.D.P. numbers, because much of the bounty of the economy’s growth has flowed to the affluent.

 

Economic Boom 1.png

 


There are two main culprits.

 

The first is a savings glut. Americans are saving more and spending less partly because the rich now take home so much of the economy’s income — and the rich don’t spend as large a share of their income as the poor and middle class. The aging of society plays a role too, because people are saving for retirement.

 

The second big cause is an investment slump. Despite all the savings available to be invested, companies are holding back. Some have grown so large and monopoly-like that they don’t need to invest in new projects to make profits. Think about your internet provider: It may have terrible customer service, but you don’t have a lot of alternatives. The company doesn’t need to invest in new technology or employees to keep you as a customer.

 

A better policy response would start with a tax cut focused on the majority of Americans, not the wealthy. And there are many other ways to take on secular stagnation. When I spoke to Summers last week, he rattled off a list:

 

Source - https://www.nytimes.com/2019/03/10/opinion/us-economy-stagnation-growth.html?emc=edit_ty_20190311&nl...

 

 

 

 


 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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