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Old 08-18-2019, 10:02 PM   #19
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,069
Quote:
Originally Posted by detbuch View Post
Those economic factoids are meaningless without further comparison. You keep reminding us that Obama inherited economic disaster and that Trump inherited a strong and booming economy. Well, if that's true, it would stand to reason that the rate of increase would be faster from a bad economy to a good one than the rate of growth from a good one to a better one. The rate of increase from one to two is 100%, but from two to three it is only 50%, and from 3 to 4 it is only 33%, and diminishing as the growth gets higher.
Kinda makes saying you’re the best ever silly don’t it

Racial pay gap may have widened (how much?) under Trump, but racial pay has gone up.
Black home ownership has gone down

The federal deficit also grew rapidly under Obama, as well as under Bush, and others. All were because the Federal Government spends more money on things that are not constitutionally its domain to regulate or spend on. One of the big ticket items that Trump spent on was actually a Federal Government constitutional responsibility, the military, which Obama underspent on, partially in order to spend more on unconstitutional stuff, and partly because of political ideology. And Trump signed the big Congressional spending bill because that was the only way to get the military funding. Blaming trump for the deficit, is a bit narrow minded. Congress is responsible for spending, not the President. The Dems have control of the House.
And Trumplicans have control of the Senate

I don't know what "like never before" is supposed to mean ("before" could be bad or good, low or high, rates--or just different). Business investment might not be "like never before," but it is happening better than the previous administration.
Maybe you should discuss that with Trump

Growth in worker productivity is not a Presidential responsibility. You say it grew slowly under both Trump and Obama but remains weak under Trump. That sounds like a tie for something that Presidents should leave to the private sector to increase. And maybe worker productivity was already high so growth would perforce be at a low rate (see above ratio in growth between low and higher numbers).
Womp, Womp

Growing stock prices may indicate different things. Huge rises in prices could actually signal investment away from lack of business growth to investment in money markets and financial markets in general. It's not necessarily a good thing for the "economy" when money is invested that way rather than in actual business ventures. I'm not a fan of the inflated stock prices that don't seem to be directly related to business growth. It may also well be a hedge against the inflation caused by Government printing of excess money and Government spending more than it can repay.
Gold is going up

Well if hate crimes have gone up for the fifth consecutive year, then it seems that something happened to cause that before Trump became President. A lot of people sure hate Trump and Trumplicans.
MORE under Trump
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