BTW,The Labor force participation rate is still low so if Obamas numbers are phony so is Trumps.Trumps Labor force participation has been lower than most of Obamas so his unemployment numbers would be even more phony than Obamas.
When Barack Obama entered office in January, 2009, the labor force participation rate was 65.7%, When Trump entered office it was around 63%
The trick you are referring to is actually helping Trump more than Obama since Trumps LFPR is lower than Obamas
Spending is up and wages are flat. Inflation is basically zero. What does this tell us? 1. Household debt and public debt is up during expanding economic times and 2. Trump’s tax cuts are benefiting the investor and inheritance classes.
You are wrong because Trump was the one who pointed out about this in his speeches. If he were to repeat what Obama did, the media folks would attack him and everyone would know.
The articles YOU posted are about the labor force participation rate.The rate is lower now than it was under most of Obamas term.If you haven't figured it out yet Trump is a pathological lying hypocrite.
I am amazed that this thread went beyond the first page. All one had to do was actually read the GDP report and see it was an inventory bounce and the real number to look for was real private domestic final sales which was at an annualized 1.3%. Throw in the core PCE deflator at 1.2% and you'll understand why the odds of a rate cut by year end are so high. This is not a strong economy unless you're White.
The reality of Trump’s economy: Growth was four times better under Jimmy Carter This article was originally published at DCReport.org Donald Trump keeps boasting about what a great economy he should get credited for creating. But his administration’s own reports don’t support his claims, which also don’t come close to what he promised voters. His results so far have been, well, just average. As if it was a stellar achievement, Trump boasted last week that the economy grew at an annual rate of 3.2% in the first three months of this year. Big deal. That’s precisely the average since 1947. Candidate Trump boasted many times that he would boost economic growth. In October 2015, he said: “I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.” So far, the best he has done is 4.2% in the second quarter of 2018. That figure was achieved by a threat that briefly juiced the numbers. Trump declared he would impose all sorts of trade tariffs. Smart importers and exporters took advantage of the delay between the threat and the effective to bulk up on deals early. That briefly pumped up economic growth by moving up deals scheduled for later in the year. The proof? In the next three months, economic growth fell by almost half to just a 2.2% rate. Presidential Scorecards Obama’s quarterly economic growth rate beat Trump’s best four times, George W. Bush five times, Bill Clinton and Ronald Reagan 13 times each. One-term president Jimmy Carter beat Trump six times and one-termer George H. W. Bush did it five times. Carter’s best, by the way, was 16.4% growth, four times Trump’s best so far. The tariffs gambit was not the only stimulus Trump used to pump up his short-term numbers and trick voters not steeped in economic data, fiscal policy and trade reports. With solid backing by from Republicans in Congress, Trump is borrowing extra trillions of dollars in our name. That’s a classic type of economic stimulus. Republicans traditionally denounced borrow-and-spend as a tax on our children and grandchildren. A tax cut, like Trump’s, that does not pay for itself with equal or increased revenue is just a tax increase deferred into the future – with interest. Tax revenues this year are down about 10%. The Trump/radical GOP tax cut that took effect last year mostly benefits the rich and corporations. That means the cost of the borrowing is an obligation we all must bear, but the benefits flow mostly to those who need help the least. Bigger Deficits Trump’s last budget is projected to run a deficit almost 1.5 times the size of Obama’s last budget deficit according to the Trump administration’s own data, known as Historical Table 1.3. Trump’s average annual budget deficit over four years will be the worst of any president from Carter through George W. Bush. The average Trump shortfall will be 4.6% of the economy. Obama’s was about the same as Trump at 5% of the economy, mostly because of the Great Recession that he inherited. In his second term, Obama’s budget shortfall was less than 2.5% of the economy. George W. Bush came in at 3.3%. Clinton’s annual deficit was a mere 0.1% because he ran surpluses in his second term. The cost to you of Trump’s borrow-and-spend approach? Instead of retiring the federal debt in eight years, as Trump told voters he could easily do because he was “the king of debt,” the federal debt is growing at the rate of $30 per day for a family of four. That’s almost $11,000 per year for that family. Trump’s borrow-and-spend, however, has failed to stimulate faster jobs creation. Under Trump, job growth is slower than under Obama. Trump’s average is 198,000 more jobs per month. That’s good, but far from great. Obama, during his last six years and a month, averaged 204,000 more jobs each month Why not rate Obama based on his full eight years? Because when he took office jobs were disappearing at the rate of 750,000 a month, clearly not his fault. Just Staying Even America’s population grew by 19 million people in the eight years between when Obama and Trump took office. Taking the larger population into account makes Trump’s job growth figures even less impressive since a larger population requires more jobs just to stay even. Trump promised if elected the nation would add 25 million new jobs in ten years. He’s on track to fall more than a million jobs short of that goal. That goal was nothing to brag about, either. Before Trump started making campaign promises the projections of future job growth were about what Trump sold as a miracle waiting for him to make it happen. The reality is that Trump’s economic performance, measured by his own administration, is merely average. Given the strong and growing economy he inherited, average is nothing to boast about. And since attaining average has included tariffs that raise the price of some imported goods together with massive increases in federal borrowing the long-term consequences are going to be anything but great and probably not even average. That suggests a new slogan for Trump’s 2020 campaign: Make America Average Again.
Witnessing his bumbling incompetence day in and day out, how could anyone attribute any positive outcome, real or imagined, to Trump? With a straight face, that is.
Trump won by statistically insignificant numbers. It could have easily gone the other way. It has nothing to do with liberal views. He carried 3 battle ground states with less than 100K votes, which in a country of 300 mil plus people, is a rounding error. Not diminishing any votes, just looking at it from math perspective. Granted, it should have never come to this, had it not been for idiots like me, with morals, who stayed home, just could not bring myself for vote for her. Never stopped evangelicals to vote for the guy, whose whole life stands against every belief they claim to hold dear. Dems, will never make this mistake again, the price we all paid is too high.