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Trump deserves credit in some areas. I've always said that - recently I've seen posters once again lavish praise on Trump while remaining wholly ignorant of how Obama was outperforming Trump in some of these same areas where Trump deserves credit. Here's two examples: Jobs and Economy. During Trump's first 35 months in office, the US economy has gained 6.69 million jobs. But during a comparable 35-month period at the end of Obama's tenure, employers added 7.96 million jobs, or 19%, more than what has been added since Trump took office.https://www.cnn.com/2020/02/06/economy/trump-obama-jobs-comparison/index.htmlUsing the same GDP metric of consumer spending plus business investment adjusted for inventory changes, Obama’s last three years in office had growth rates of at least 2.17% and as high as 3.06%.
For Trump the high point was 2.83% in 2018 when the tax cut seems to have had the largest impact and even fell short of Obama’s 2014 and 2015 growth rates of 3.06% and 3.05%, respectively.https://www.forbes.com/sites/chuckjones/...s/#5e57fc624fed
The more things change the more they stay the same.
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Yeah but how is the deficit doing?
Joe Thomas #73
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"too many notes, not enough music-"
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Yeah but how is the deficit doing?
The more things change the more they stay the same.
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Yeah but how is the deficit doing? Pretty much the same as it has under every president in..............how long? Look, I hate it now, I hated it years ago......it's just how the gov't. goes. The cuts needed to even balance, let alone pay down our deficit? Ain't happening now, didn't happen in the past. Ticks me off, no doubt, just as it did 5 rears ago, or 20 years ago.
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I am not a Trump fan by any means but I think that is an unfair representation. How much of that increase in debt is secondary to interest from pre-existing debt?
Don't blame the clown for acting like a clown.
Ask yourself why you keep going to the circus.
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It is harder to add jobs when unemployment is low. Unemployment is currently at a level lower than the natural unemployment rate.
Cherry picking individual statistics isn't a very good argument. Many things are interrelated in the economy. The recent "slow down" is probably correlated to the uncertainty of the impeachment process as much as anything.
Honestly, this just feels like someone trying to distract from the DNC's latest fiasco.
I'm really not trying to defend Trump, but this is a non-story. Trump's not adding jobs because they aren't needed by the economy right now.
There are plenty of things to dislike about Trump. This particular set of facts seem specious, though. At the least, the way they were framed seems misleading.
Last edited by Bull_Dawg; 02/06/20 11:38 PM. Reason: I use too many adverbs.
![[Linked Image from i.ibb.co]](https://i.ibb.co/fkjZc8B/Bull-Dawg-Sig-smaller.jpg) You mess with the "Bull," you get the horns. Fiercely Independent.
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Facts are a liberal invention!
The only information worth anything is the Bible in the Chapter of Ronnie where it’s cited in chapter 1 verse 1 “Thou wealth will trickle down and not be taxed.” The other fact from this book comes from the book of Drumpf Chapter 1 verse 1 that states “We may grab them...”
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There are facts and then there are lacts, which are the liberal interpretations of facts. Conservatives have their cacts, too.
You mess with the "Bull," you get the horns. Fiercely Independent.
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silly MGH, truth isnt truth.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Cherry picking individual statistics isn't a very good argument. Many things are interrelated in the economy. The recent "slow down" is probably correlated to the uncertainty of the impeachment process as much as anything.
Honestly, this just feels like someone trying to distract from the DNC's latest fiasco.
I'm really not trying to defend Trump, but this is a non-story. Trump's not adding jobs because they aren't needed by the economy right now.
There are plenty of things to dislike about Trump. This particular set of facts seem specious, though. At the least, the way they were framed seems misleading.
This is not a post about disliking Trump. These are not spurious facts created with the aim of ignoring some things while pumping up others. . . these are time honored, traditional measuring tools for the economy, DOW, unemployment numbers. Yes - as Unemployment goes lower - it is harder or impossible to maintain the same rate of reduction as a %. No one is denying that. What this information demonstrates - factually - is that Trump has done well. He's basically continued to do as well as Obama on many/most of the standard ways the economy is measured. But what the Trump faithful are now preaching is that Obama didn't have any success with the economy, and that Trump has single handedly turned Obama's failure around and built success.... That is an obvious lie that is being perpetuated by folks who simply parrot Trump. And while the deficit (not part of my OP) has been growing under every POTUS - [1] The right were frothing at the mouth over Obama's deficit increases. Despite most of his deficit increase being the effort to turn around and stimulate the economy (which worked) [2] Trump proclaimed he would reduce (eliminate) the deficit. Clearly that's not happening. This is an area where Trump does deserve heavy scrutiny and criticism. Obama inherited a chit sandwich of an economy. Trump inherited a strong & booming economy.
Last edited by mgh888; 02/07/20 09:48 AM.
The more things change the more they stay the same.
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Yeah but how is the deficit doing? Pretty much the same as it has under every president in..............how long? Look, I hate it now, I hated it years ago......it's just how the gov't. goes. The cuts needed to even balance, let alone pay down our deficit? Ain't happening now, didn't happen in the past. Ticks me off, no doubt, just as it did 5 rears ago, or 20 years ago. then you need to explain why the deficit was lowering under obama if you think you're even remotely correct. because that is a FACT that has been shown to you over and over again, that obama lowered the deficit. then you need to explain to the board why you havent criticized trump ONCE over the deficit. you wouldnt shut the hell up under obama, so, keep that same energy. lets see it.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Trump deserves credit in some areas. I've always said that - recently I've seen posters once again lavish praise on Trump while remaining wholly ignorant of how Obama was outperforming Trump in some of these same areas where Trump deserves credit. Here's two examples: Jobs and Economy. During Trump's first 35 months in office, the US economy has gained 6.69 million jobs. But during a comparable 35-month period at the end of Obama's tenure, employers added 7.96 million jobs, or 19%, more than what has been added since Trump took office.https://www.cnn.com/2020/02/06/economy/trump-obama-jobs-comparison/index.htmlUsing the same GDP metric of consumer spending plus business investment adjusted for inventory changes, Obama’s last three years in office had growth rates of at least 2.17% and as high as 3.06%.
For Trump the high point was 2.83% in 2018 when the tax cut seems to have had the largest impact and even fell short of Obama’s 2014 and 2015 growth rates of 3.06% and 3.05%, respectively.https://www.forbes.com/sites/chuckjones/...s/#5e57fc624fed I wonder if some of the issue is that people compare Trumps first three years to Obamas first three years.. Obama inherited a mess.. We were in Free Fall financially.. Unemployment around 10%, Banks closing, car makers in trouble, losing 250,000 jobs or more every month etc. Trump inherited a booming economy..Jobs being created were high, unemployment was 4.3% roughly. But trump told everyone that would listen that Obama was a disaster.. he was anything but. he lied, fools bought it, and here we are. Living in an alternate universe where right is wrong, lies are truth. One can if they wish, believe Trump, or they could do some research and find out that he's just a lying sack of excrement.
Last edited by Damanshot; 02/07/20 10:47 AM.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Yeah but how is the deficit doing? Pretty much the same as it has under every president in..............how long? Look, I hate it now, I hated it years ago......it's just how the gov't. goes. The cuts needed to even balance, let alone pay down our deficit? Ain't happening now, didn't happen in the past. Ticks me off, no doubt, just as it did 5 rears ago, or 20 years ago. Folks just need to accept that the debt is NEVER going away. It is a PLANNED portion of the economy. You cannot reduce government spending by that much without also reducing GDP by that much because government spending is literally a 41% portion of GDP. It isn't equal to that much of GDP, it itself makes up that much of GDP. The fastest way to show improvement in the economy is to increase spending; debt goes up, but you get to point to a higher GDP. Furthermore, there is the aspect of how much of the country is employed by the federal government; reducing spending enough to eliminate the deficit would cause so many layoffs as to financially incapacitate the country. Lastly, we come to lending and return on spending: we borrow to spend and lend. Both are done in a manner that, over time, generates more revenue coming back in than what we borrowed... e.g. we borrow at 1.0%, the Fed lends to banks at 1.5%, banks lend to us at 2.5%. It is an oversimplification, but good enough for illustration purposes.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
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The problem is believing someone who is the self proclaimed "King of debt" is going to fix it.
There's also something many refuse to address. There are certain safeguards one uses when an economy begins to falter. The biggest tools at your disposal are tax cuts and cutting the interest rates.
Using those tools during a strong economy erodes those safe guards. What it does is inflate an already good economy and make it look batter than it actually is and insure you have exhausted the tools you will need if the economy takes a drastic down turn.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
#gmstrong
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Yeah but how is the deficit doing? Pretty much the same as it has under every president in..............how long? Look, I hate it now, I hated it years ago......it's just how the gov't. goes. The cuts needed to even balance, let alone pay down our deficit? Ain't happening now, didn't happen in the past. Ticks me off, no doubt, just as it did 5 rears ago, or 20 years ago. Folks just need to accept that the debt is NEVER going away. It is a PLANNED portion of the economy. You cannot reduce government spending by that much without also reducing GDP by that much because government spending is literally a 41% portion of GDP. It isn't equal to that much of GDP, it itself makes up that much of GDP. The fastest way to show improvement in the economy is to increase spending; debt goes up, but you get to point to a higher GDP. Furthermore, there is the aspect of how much of the country is employed by the federal government; reducing spending enough to eliminate the deficit would cause so many layoffs as to financially incapacitate the country. Lastly, we come to lending and return on spending: we borrow to spend and lend. Both are done in a manner that, over time, generates more revenue coming back in than what we borrowed... e.g. we borrow at 1.0%, the Fed lends to banks at 1.5%, banks lend to us at 2.5%. It is an oversimplification, but good enough for illustration purposes. Our Keynesian Economic Model (Read the Economic Consequence of Peace by John Maynard Keynes) is flawed and will eventually lead to our government going completely insolvent. The reason we are involved in so many wars and conflicts is because this deficit spending system we have pretty much requires it. Without Wars, Police Actions, Skirmishes, whatever you want to call it, we can't gain the necessary economic stimuli to make deficit spending work. We haven't stopped Deficit spending since the FDR administration, and ALL OF US are poorer now then a family in 1913. Your dollar today is worth LESS than 1 cent compared to the dollar of 1913. A person making 200 dollars per month in 1913 is making more money than someone making 80,000 dollars per year today. The 1913 1.00 dollar could buy close to 20.00 dollars worth of 2020 gasoline today due to buying power. We should NEVER accept debt the way things are, its doing nothing more than impoverishing ALL of us. why do you think most families in this country have less than 1,000 bucks in savings and are paying mortgages well into their 80's My Grandparents paid their house off and the 30 acres of property they owned in 12 years, and they were classified as poor back then lol! Today, you kidding me? Very few people unless they are old actually are not in debt to a bank for a house. This debt has stolen the American dream and folks think its good. Its nuts... this debt is wholly created by design, every year they print more money, and every year only the highups that loan out the money get any benefit...by the time the money gets to us its worthless and they have raised prices X% while the higher ups, your rulers, continue to profit off your misery “By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”
; John Maynard Keynes, The Economic Consequences of the Peace
Last edited by Knight_Of_Brown; 02/07/20 03:38 PM.
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You can beat the system by buying gold and silver.
Buying gasoline back in the day when it cost 20 cents per gallon, you could buy that same gallon of gasoline today with those same two dimes.
The silver value of each of those dimes is $1.18 today.
The value of an ounce of gold back in the day would buy you a suit, shoes, shirt, tie and a 2 weeks worth of groceries.
Today you can buy those same items with with an ounce of gold.
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Legend
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Yeah but how is the deficit doing? Pretty much the same as it has under every president in..............how long? Look, I hate it now, I hated it years ago......it's just how the gov't. goes. The cuts needed to even balance, let alone pay down our deficit? Ain't happening now, didn't happen in the past. Ticks me off, no doubt, just as it did 5 rears ago, or 20 years ago. then you need to explain why the deficit was lowering under obama if you think you're even remotely correct. because that is a FACT that has been shown to you over and over again, that obama lowered the deficit. then you need to explain to the board why you havent criticized trump ONCE over the deficit. you wouldnt shut the hell up under obama, so, keep that same energy. lets see it. Too much to get into here, but out of respect for you, I'll try. First, remember: the gov't. keeps about 3 books, okay? Also, there is the deficit, the total debt (everything the gov'.t owes, even to itself. ) and the public debt (what the gov't. owes to others) And I won't even factor in the unfunded liabilities the fed. gov't. has. That number would astonish people. Look up David Walker, comptroller of the U.S. for some, I don't remember exactly - some 20 years. The deficit under Obama was decreasing. Perhaps several reasons for that. But, you are correct in that. What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W) That covers the last 19 years. There's a spending problem. R, D, whoever. There's a spending problem. How does a decreasing deficit lead to exponential increases in the debt? Look at the books. How spending is classified, ? Which books to look at? And, I just stated in my original post that I hate it now, and I hated it years ago. What percentage of gov't. revenue (taxes) goes to just paying the interest on the debt? You asked, I replied. Now, go ahead and rip my post apart as you are wont to do.
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What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W)
It's been mentioned - but Obama spent Trillions on the Stimulus to get the economy moving after the worst recession since 1929. Trump inherited a booming economy. Comparing the two is exceedingly misleading.
The more things change the more they stay the same.
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What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W)
It's been mentioned - but Obama spent Trillions on the Stimulus to get the economy moving after the worst recession since 1929. Trump inherited a booming economy. Comparing the two is exceedingly misleading. Exactly. Trump got handed a rolling economy but managed to increase both the debt and deficit. And arch, you were specifically targeting Obama back then. Dont pull this both sides BS now. Directly trash trump just like you did Obama. Lets go. Don’t be fake.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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You can beat the system by buying gold and silver.
Buying gasoline back in the day when it cost 20 cents per gallon, you could buy that same gallon of gasoline today with those same two dimes.
The silver value of each of those dimes is $1.18 today.
The value of an ounce of gold back in the day would buy you a suit, shoes, shirt, tie and a 2 weeks worth of groceries.
Today you can buy those same items with with an ounce of gold. I’ve been doing this for years. We agree on rare ore. Problem being, terra firma is being attacked. But screw the facts they don’t matter.
A life is not important except in the impact it has on other lives.
– Jackie Robinson
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You can beat the system by buying gold and silver.
Buying gasoline back in the day when it cost 20 cents per gallon, you could buy that same gallon of gasoline today with those same two dimes.
The silver value of each of those dimes is $1.18 today.
The value of an ounce of gold back in the day would buy you a suit, shoes, shirt, tie and a 2 weeks worth of groceries.
Today you can buy those same items with with an ounce of gold. Unfortunately, most businesses don't accept gold and silver. If you tried to spend it, I'm guessing most people at a register would look at you funny. Plus, gold and silver are finite resources. It's really just another indicator of how much less valuable the US dollar is becoming.
You mess with the "Bull," you get the horns. Fiercely Independent.
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Legend
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What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W)
It's been mentioned - but Obama spent Trillions on the Stimulus to get the economy moving after the worst recession since 1929. Trump inherited a booming economy. Comparing the two is exceedingly misleading. Exactly. Trump got handed a rolling economy but managed to increase both the debt and deficit. And arch, you were specifically targeting Obama back then. Dont pull this both sides BS now. Directly trash trump just like you did Obama. Lets go. Don’t be fake. You asked, I replied. Now, go ahead and rip my post apart as you are wont to do. Tough to have a discussion with someone that only wants to argue.
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Legend
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You can beat the system by buying gold and silver.
Buying gasoline back in the day when it cost 20 cents per gallon, you could buy that same gallon of gasoline today with those same two dimes.
The silver value of each of those dimes is $1.18 today.
The value of an ounce of gold back in the day would buy you a suit, shoes, shirt, tie and a 2 weeks worth of groceries.
Today you can buy those same items with with an ounce of gold. Unfortunately, most businesses don't accept gold and silver. If you tried to spend it, I'm guessing most people at a register would look at you funny. Plus, gold and silver are finite resources. It's really just another indicator of how much less valuable the US dollar is becoming. There are a million places to buy and sell gold and silver. You buy, you let it appreciate while you live your life on checking, savings and investments like everyone else, and if you get into a jam, or you want to take profits, you sell and use the cash at the store.
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Gotta hold you to a standard first before any actual discussions can go on.
Criticize trump for the deficit AND debt rising under his watch, without mentioning Obama, Hillary, or another what about.
Come on, we’re waiting.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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First, Hillary never raised or lowered the deficit or the debt.
Secondly, for the third time now, I stated I hate it now, and I hated it then.
Set your hatred for me aside and read what I wrote originally.
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I did read it.
I find it hilarious your criticisms of trump only come when you make your “all sides” BS post.
Under Obama, you blasted him directly. Under trump, it’s “well it’s always been this way”.
It’s hilarious and pathetic.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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You can beat the system by buying gold and silver.
Buying gasoline back in the day when it cost 20 cents per gallon, you could buy that same gallon of gasoline today with those same two dimes.
The silver value of each of those dimes is $1.18 today.
The value of an ounce of gold back in the day would buy you a suit, shoes, shirt, tie and a 2 weeks worth of groceries.
Today you can buy those same items with with an ounce of gold. I’ve been doing this for years. We agree on rare ore. Problem being, terra firma is being attacked. But screw the facts they don’t matter. I have done it since I first started working as a kid. Gold was $39 bucks an ounce. Buying a little at a time, over the years, selling to buy something I want or need, buying some more. Beating the system is a good feeling when its legal. 
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What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W)
It's been mentioned - but Obama spent Trillions on the Stimulus to get the economy moving after the worst recession since 1929. Trump inherited a booming economy. Comparing the two is exceedingly misleading. A booming economy ...  .. And u actually believe that .... WOW ...
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Thanks for yet again proving my point.
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I use coin dealers. They buy and sell melt down values. I deal in coins and bulk.
A life is not important except in the impact it has on other lives.
– Jackie Robinson
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Legend
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What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W)
It's been mentioned - but Obama spent Trillions on the Stimulus to get the economy moving after the worst recession since 1929. Trump inherited a booming economy. Comparing the two is exceedingly misleading. A booming economy ... .. And u actually believe that .... WOW ... Go back and read the OP. See you are exactly the sort of Trump supporter that wants to think the economy wasn't as good under Obama as it is under Trump.... yet all the factual data that is how the economy has been measured FOR DECADES shows the truth that you can't your way out of. Making posts like this one just indicates ignorance and a lack of willing to be open to facts. No surprise. This is exactly the same as how the GOP ripped Obama's employment numbers month on month saying they were fake .... and now they are measuring Trump's employment numbers the same way - they claim they are glorious. HILARIOUS !
The more things change the more they stay the same.
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Joined: Sep 2006
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Hall of Famer
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What you omitted is the DEBT grew by some $8 trillion in his 8 years. 2nd highest increase in the debt, ever. Right behind Trump, who I believe has the highest debt increase ever, if memory serves me. Took Obama 8 years to set the record, and it's taken Trump 3 years to break that record. (third on the list is W)
It's been mentioned - but Obama spent Trillions on the Stimulus to get the economy moving after the worst recession since 1929. Trump inherited a booming economy. Comparing the two is exceedingly misleading. A booming economy ... .. And u actually believe that .... WOW ... Go back and read the OP. See you are exactly the sort of Trump supporter that wants to think the economy wasn't as good under Obama as it is under Trump.... yet all the factual data that is how the economy has been measured FOR DECADES shows the truth that you can't your way out of. Making posts like this one just indicates ignorance and a lack of willing to be open to facts. No surprise. This is exactly the same as how the GOP ripped Obama's employment numbers month on month saying they were fake .... and now they are measuring Trump's employment numbers the same way - they claim they are glorious. HILARIOUS ! It’s simple math. black man + tan suit = bad orange man + red Chinese manufactured tie = good
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Joined: Sep 2006
Posts: 42,120 Likes: 134
Legend
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Legend
Joined: Sep 2006
Posts: 42,120 Likes: 134 |
Here is my problem...
Republicans have always said they stand for responsible debt and deficit.
Now that the far right wing of the party has the leader they have always wanted, they are abandoning that aspect of the party mantra.
True republicans are sick of this.
There are now officially three parties
Democrat
Republicans
Trumpians
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Joined: Sep 2006
Posts: 26,822 Likes: 460
Legend
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Legend
Joined: Sep 2006
Posts: 26,822 Likes: 460 |
We need more parties 
I AM ALWAYS RIGHT... except when I am wrong.
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Joined: Sep 2006
Posts: 4,713 Likes: 105
Hall of Famer
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Hall of Famer
Joined: Sep 2006
Posts: 4,713 Likes: 105 |
Here is my problem...
Republicans have always said they stand for responsible debt and deficit.
Now that the far right wing of the party has the leader they have always wanted, they are abandoning that aspect of the party mantra.
True republicans are sick of this.
There are now officially three parties
Democrat
Republicans
Trumpians
Bloomberg should get Romney for a running mate and campaign on working toward bipartisan results. Is this idea crazy enough to work?
Joe Thomas #73
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Joined: Sep 2006
Posts: 4,713 Likes: 105
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How Trump's three years of job gains compares to Obama's New York (CNN Business)President Donald Trump says he is particularly pleased with the jobs created during his three years in office. "We're producing jobs like you have never seen before in this country," he said during a recent speech in Michigan. But you don't have to go back far to find three years of better job growth. Just to back to the previous three years under Barack Obama. During Trump's first 36 months in office, the US economy has gained 6.6 million jobs. But during a comparable 36-month period at the end of Obama's tenure, employers added 8.1 million jobs, or 23% more than what has been added since Trump took office. The average monthly gain so far under Trump is 182,000 jobs. During the last 36 months under Obama, employers were adding an average of 224,000 jobs a month. On Friday, the Labor Department reported that employers added a fairly robust 225,000 jobs in January. But it also made some revisions to past data, which lowered many previous job growth estimates. While some of the revisions go all the way back to the last century, most of the changes to data took place during 2018 and 2019. So the revisions reduced the gains during Obama's final three years by 47,000 jobs, but it reduced the gains during Trump's tenure by a total of 354,000 jobs. The job record under Trump is far better than the job record during Obama's first 35 months in office, when the economy lost 805,000 jobs. But Obama took office in the midst of the worst financial crisis since the Great Depression. In the final job reading before Obama took office, the economy lost 784,000 jobs in that month alone. And it continued to lose jobs throughout the rest of 2009 as Obama's economic policies went into effect. By comparison, Trump took office with the labor market in relatively good shape, with unemployment at 4.7%, and a string of 76 straight months of job gains. The labor market has clearly continued to improve. Unemployment of 3.6% in January is nearly at a 50-year low now. But it is a continuation of an improving job market, not the turnaround that occurred in the early years of the Obama administration. Trump rebrands the economic recovery as his alone. It's not Trump rebrands the economic recovery as his alone. It's not And Trump's job record is not unique. A gain of more than 6.6 million jobs during a 35-month period has been common during the 80 years that the Labor Department has counted jobs. There are hundreds of overlapping 36-month periods of better growth on record. At this point in his first and only term, Jimmy Carter had enjoyed a gain of about 10.1 million jobs. Employers added 8.5 million jobs during the first 36 months of Bill Clinton's term and 7.8 million jobs during the first 36 months of Lyndon Johnson's tenure, even though the labor force at that time was less than half the size of what it is today.
Joe Thomas #73
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Hall of Famer
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How Trump's three years of job gains compares to Obama's New York (CNN Business)President Donald Trump says he is particularly pleased with the jobs created during his three years in office. "We're producing jobs like you have never seen before in this country," he said during a recent speech in Michigan. But you don't have to go back far to find three years of better job growth. Just to back to the previous three years under Barack Obama. During Trump's first 36 months in office, the US economy has gained 6.6 million jobs. But during a comparable 36-month period at the end of Obama's tenure, employers added 8.1 million jobs, or 23% more than what has been added since Trump took office. The average monthly gain so far under Trump is 182,000 jobs. During the last 36 months under Obama, employers were adding an average of 224,000 jobs a month. On Friday, the Labor Department reported that employers added a fairly robust 225,000 jobs in January. But it also made some revisions to past data, which lowered many previous job growth estimates. While some of the revisions go all the way back to the last century, most of the changes to data took place during 2018 and 2019. So the revisions reduced the gains during Obama's final three years by 47,000 jobs, but it reduced the gains during Trump's tenure by a total of 354,000 jobs. The job record under Trump is far better than the job record during Obama's first 35 months in office, when the economy lost 805,000 jobs. But Obama took office in the midst of the worst financial crisis since the Great Depression. In the final job reading before Obama took office, the economy lost 784,000 jobs in that month alone. And it continued to lose jobs throughout the rest of 2009 as Obama's economic policies went into effect. By comparison, Trump took office with the labor market in relatively good shape, with unemployment at 4.7%, and a string of 76 straight months of job gains. The labor market has clearly continued to improve. Unemployment of 3.6% in January is nearly at a 50-year low now. But it is a continuation of an improving job market, not the turnaround that occurred in the early years of the Obama administration. Trump rebrands the economic recovery as his alone. It's not Trump rebrands the economic recovery as his alone. It's not And Trump's job record is not unique. A gain of more than 6.6 million jobs during a 35-month period has been common during the 80 years that the Labor Department has counted jobs. There are hundreds of overlapping 36-month periods of better growth on record. At this point in his first and only term, Jimmy Carter had enjoyed a gain of about 10.1 million jobs. Employers added 8.5 million jobs during the first 36 months of Bill Clinton's term and 7.8 million jobs during the first 36 months of Lyndon Johnson's tenure, even though the labor force at that time was less than half the size of what it is today. I sent this to a trump honk acquaintance of mine. He dismissed it ‘cuz CNN is Fake News’. So I sent him the similar article from Forbes magazine. He’s no longer responding to my desire to continue the conversation. Facts hurt trumpian brains.
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Dawg Talker
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Interesting, but pretty one-sided in what I've read so far. That could change, but it's a pretty long article. I think I'm about halfway through, but I thought it could have mercifully ended about 3 times already. Probably not the best choice of words, but it kind of feels like it's doing what it's complaining about. That's what bothers me. Both sides in politics do bad things all the time, but instead of not doing bad things, they just make a bunch of noise about the other side doing it. Hypocrisy seems to be the name name of the game in our partisan government. The cynical part of me wonders if it is intentional and the fluctuating flow from "left" to "right" is really just a grand scam to maintain the overarching status quo.
You mess with the "Bull," you get the horns. Fiercely Independent.
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