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Old October 12th, 2017, 11:22 AM   #21
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Originally Posted by goodpen View Post
You are trying very hard to ignore the ...fact; Jan 2016, GDP a miserable 1.5%
There was not one year, between 2010 to Jan 2017, GDP reached a 3% growth. Just the ..fact..this administration is looking to change the tax codes and reduce taxes for all brackets has brought the highest GDP in those 7 year, as well as having a 4.2 unemployment and the highest ever Stock Market.
You know of course that employment is a trailing characteristic.
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Old October 12th, 2017, 11:32 AM   #22
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proposed tax cuts and revision to tax code. GDP up, unemployment at lowest in 17 years. Even with all the negative coverage, things are looking UP for the nation.
What negative coverage?
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Old October 12th, 2017, 12:18 PM   #23
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Originally Posted by goodpen View Post
You are trying very hard to ignore the ...fact; Jan 2016, GDP a miserable 1.5%
There was not one year, between 2010 to Jan 2017, GDP reached a 3% growth. Just the ..fact..this administration is looking to change the tax codes and reduce taxes for all brackets has brought the highest GDP in those 7 year, as well as having a 4.2 unemployment and the highest ever Stock Market.
Read post #12. Who is ignoring what?
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Old October 12th, 2017, 08:41 PM   #24
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Originally Posted by Camelot View Post
Yes, that is what we saw during the Obama Administration as he guided us out of a financial crisis. He did a good job.
No he didn't 12,000,000 jobs created 6,000,000 were part time.

He guided us into a PART TIME ECONOMY


that is why GDP didn't break 3% and working class got poorer.
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Old October 13th, 2017, 01:08 AM   #25
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Many issues can be squabbled over, endlessly.
- who's the prettiest?
- who's the best guitarist?
- etc.

Jobs creation is quantifiable. But there's an important caveat.
Quote:
"during the Obama Administration as he guided us out of a financial crisis. He did a good job." C #24

"No he didn't" T7
This source said he did.

“... Reince Priebus, the Republican National Chairman today said that 300K jobs ... aught to be expected every month ... and just a historical perspective:
- during the 8 years of President Bush (younger) there were 2.1 million net jobs created in the United States. Of the 2.1 million, 1.8 million of them were in the public sector ... that means there were 300,000 jobs in the private sector in 8 months, in 8 years rather, net ...
more jobs have been created in the United States in the last 4 years than in Europe, Japan, all the industrialized modern world combined. ...
70 years since WWII. 36 years of Republican presidents, 34 years of Democratic presidents. In those 70 years, there were 36.7 million jobs created under Republican presidents ... a little over half the time. In 34 years there were 63.7 million created by Democrats. That's 29 million more. You know, perhaps it's an accident once, or twice or what. But I mean at some point the Democrats ought to be comfort in the fact that they have been better the economy and job creation than have been the opposition.
...
It's 15 years since we've had 10 consecutive months of over 200,000 [job growth]. Just 15 years ago there was a fella from Arkansas ... there were more jobs created in Bill Clinton's 8 years than there were in Ronald Reagan's 8 years, and the 12 years of both Bush's combined. I mean 6 million more jobs created in those 8 years, ... policy does kick in, & is reflected in the results.” Mark Shields

Quote:
"12,000,000 jobs created 6,000,000 were part time.
He guided us into a PART TIME ECONOMY"
And which specific Obama administration policy is it you credit with that? How did it cause that shift?
Quote:
"that is why GDP didn't break 3% and working class got poorer."
You mean, he continued the trend in the Bush administration?
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Old October 13th, 2017, 03:12 AM   #26
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Originally Posted by goodpen View Post
You are trying very hard to ignore the ...fact; Jan 2016, GDP a miserable 1.5%
There was not one year, between 2010 to Jan 2017, GDP reached a 3% growth. Just the ..fact..this administration is looking to change the tax codes and reduce taxes for all brackets has brought the highest GDP in those 7 year, as well as having a 4.2 unemployment and the highest ever Stock Market.
You know that at this point, the W Bush Administration had 4.2% unemployment AND a huge budget surplus.

So Bush must have been way better than Trump....
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Old October 13th, 2017, 09:17 AM   #27
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Originally Posted by Hollywood View Post
DJIA 11/18/12 12,815.29

DJIA 11/21/16 18,145.71

Markets been going up steadily since Obama took office.

Unemployment rate Jan. 2009 7.8%
Unemployment rate Dec. 2016 4.7%

GDP 2009 ...-2.8%
GDP 2016...+1.5%
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So, you are unfamiliar with the American economy, what a shock!
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Originally Posted by BubbaJones View Post
In Sept of 2007 the the DJ hit a then record 14,000 points. Then as the housing market crashed so did the market.

I had a 401 at a previous employer. I had not rolled it over to my new employer because they wouldn't allow me to roll it all into one account. At some point in early 2008 my old employer changed providers for their retirement accounts and my account was cashed out. As the market was still falling I just left the money in the holding account. By Feb of 2009 the market had bottomed out at just over 6700 points. Less than half it's value in Sept of 2007.

That's when I rolled my cash back into a new IRA. By the time Obama walked out of the White House in January, that account, with NO additional money added by myself, just stock value and dividends, was worth THREE TIMES what I bought in with.

I can't complain about the Obama economy !!
So in short, when President Obama was in office the economy was never this good. Thanks
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Old October 13th, 2017, 09:26 AM   #28
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So in short, when President Obama was in office the economy was never this good. Thanks
Let's have a look in four years, or less depending on the fate of the Petro Dollar, to see if this Trump bubble has any real basis other than blue sky.
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Old October 13th, 2017, 09:55 AM   #29
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Quote:
Originally Posted by goodpen View Post
proposed tax cuts and revision to tax code. GDP up, unemployment at lowest in 17 years. Even with all the negative coverage, things are looking UP for the nation.
Ever hear of the phrase: what goes up, must come down?
The only clear reason for almost continuous stock market rise of the last 30 years is that anyone with any money is forced to bet on the market in a atmosphere of near zero interest rates that don't keep up with inflation!

And, I should add that this includes those of us with managed pension plans, since there is no way to get guaranteed returns that will keep the fund solvent.
We learned this where I work, when our "guaranteed" pension plan lost more than 20% of its book value overnight when the US housing market bubble collapsed back in 08. Our "secure" plan all of a sudden had a gaping hole in it that stuck employees with a 10 year plan of higher monthly contributions to bring it back to solvency....just in time for the next stock market crash from the looks of things!

The second big cause of market madness is that the greedy, psychopathic bastards that run the corporate world got the income rules changed so that they could collect most of their earnings as stock option bonuses, instead of as salary. This started the run up in CEO pay and since it enriches major shareholders in the company, they like it too! So, the assholes who run blue chip...effective monopoly...corporations do stock buybacks just about every year with the extra money the company has/instead of re-investing it in retooling their factories, research or god forbid...giving better wages and benefits to their employees! The more shares in the company you have, the more incentives you got to drive up company stock values by any means necessary, and rarely these days does that include actually building wealth in the corporation!

Now when today's glorified ponzi scheme known as neoliberal or late stage capitalism goes poof...these assholes are already out the door with their loot, while the suckers who've been ponying up more money than they can afford, to buy shares (including the pension funds) are left holding the bag, and have to deal with the aftermath of a cratered economy!
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Old October 13th, 2017, 11:36 AM   #30
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Originally Posted by imaginethat View Post
Let's have a look in four years, or less depending on the fate of the Petro Dollar, to see if this Trump bubble has any real basis other than blue sky.
Depends on the Congress more than the President. I did not bring that point up because quite honestly the trolling and the lack of factual arguments on here makes me feel like a school teacher
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