Potus says the stock market is just taking a little pause.
 

Over a years worth of gains wiped out and he calls that a little pause, what I lost in a year would pay my bills for two years, little pause my arse.

Trumps fault,let him hear it. He had nothing to do with the gains and the losses are his doing.
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you sound greedy...

Not his fault. But he can't trumpet the gains as his policies and not expect to hear about it when it goes down.....
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did he trumpet he doesn't expect to hear about it when it goes down?

Exactly, he has been taking full credit for the stock market since elected, now after its lost over a year of gains, it’s just a pause. Not only that, he warns that the only way to get it rolling again is to vote republican. He is so full if it.
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did you see what he did there? "trump"et...pretty clever that guy :laugha:

EXACTLY. The gains were Obamas, the losses are Trumps.

You evaluate him, based on how the market did from the day h got sworn in, until the present. Not just the last 2 weeks.

It's a blip GS, nothing more. Our fundamentals are very solid, this wasn't a reaction to a housing bubble or a tech bubble. For people who put money in regularly like every paycheck, the dips are a good thing, a very good thing.

Clearly you didn’t get my point, Trumps takes FULL credit for the market, which is BS and you know it. That’s why I say he is full of it, he takes full credit and minimizes loosing a full years gains. He is in control of the market just as much as you and I are, but certainly you calling it a blip is expected.
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His tarrif war sure hasn’t helped stock prices. All the tariffs are really doing is funding his tax cut for the 1%
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That is a valid point, he will say tht ups are because of him, but the dips are not his doing. You are correct.

Obama is still taking credit and he's not even president any more...and I know he won't take any of the blame

The tariff war has not, at least as yet, helped stock prices. But the market is up nicely since he became POTUS, that is fact.

It was Obama's economy until 2 weeks ago. Because shut up, that's why.

Just wait 3-4 months, all markets will be at all time highs again ;)

This thread started on Tuesday, as of today, over 1000 pts recovered.

Yeah but that 1,000 point recovery is because of Obama.

For the last time: Trump inherited a good economy, and he hasn’t made it better
:splat::lasso:

:hidin:

so when obama said we all needed to get used to gdp growth of 2.5% or so, and trump has trounced that, how do you explain? wait, i know!!! obama was too humble to brag about the economic genius he is, so he didn’t want to brag that thanks to him, gdp growth would exceed 3.5% after he was gone.

Trumpninherited a good economy. By almost any conceivable measure, he had made it better. only serious partisan zombies are still denying this. it ain’t perfect. but it’s better than it was.
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Trump primed the economy w/the tax cuts which seem to be starting to drown us in debt. Plus 1/2 % from last quarter was 1 time soy bean purchases bc of the tariffs.

Stop that, you partisan zombie you.... :lama:

ah, the drowning in debt didn’t start until january 2017. not much debt was accumulated from 2008 - 2016?

how about unemployment, specifically black employment?

can’t give trump credit for anything.
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The Trump administration is bragging about the growth in the U.S. economy but things are not looking as good for the Black community: our unemployment is on the rise.

The U.S. economy grew at a rate of 4.1 percent in the second quarter and was “up from 2.2 percent in the first three months of the year,” The New York Times reported. It was the strongest quarter of growth since 2014. In addition, consumer spending increased 4 percent but private investment decreased slightly as “the housing market cooled.”

The economic growth, however, should not be expected to be long-lasting, The New York Times also reported.

“The second-quarter acceleration was widely anticipated by economists, a result of a confluence of events unlikely to recur,” the report read.

One event is mounting trade tensions that “led foreign buyers to stock up on American products before their governments imposed tariffs.” Also, a rise in government spending was linked to a budget deal that Congress passed this year.

“Federal spending rose at a 3.5 percent rate in the second quarter,” the report said. “The effects of the spending deal won’t be quite as short-lived as the trade bump, but they are likewise temporary; economists think the impact on growth will peak late this year.”

While the economy is doing better for now but this isn’t the same for the Black community. As we all know, the Black unemployment has been at an all-time low due to policies that have rolled over from the Obama administration, however, that number is slowing ticking up.

“The national unemployment rate for African Americans inched up in June to 6.5%, after hitting an all-time low of 5.9% in May,” Forbes reported.”Many African American households are worse off than they were 30 years ago.”

The Black unemployment rate is almost double the 3.5 percent unemployment rate for whites and 4.6 percent for Hispanics. About eight percent of African-American homeowners lost their properties to foreclosure from 2007 to 2009, according to estimates from the Center for Responsible Lending. Also, only 43 percent of Black people owned homes in 2017, according to an annual report from the Joint Center for Housing Studies of Harvard University.”

Nonetheless, the facts will probably not stop Trump from spitting out myths of how he has helped the Black community.

NewsOne staff

I was responding to your post praising Trump. We're talking to different time periods. One when we were recovering from the worst economic time since the Great Depression and the second when times are great. Black unemployment has been going down for many years. Good to see it's continuing to go down.
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Quote:
Originally Posted by Jim in CT

can’t give trump credit for anything.?



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I guess that's a no...

Your snarkiness has started to hurt your reading comprehension.

I believe you have been fair with giving Trump some credit here, which is rare for your side. It is great, of course, that it's coming down.

I actually don't think any Pres. deserves as much credit/scorn for the economy. I usually say they own it after 1 year though.

can’t give trump credit for anything.

Trump overshadows anything a normal POTUS would get credit for ,, Because he can't keep his mouth shut he makes grandiose proposals based solely because of the midterms .. its obvious to everyone except his supporters