Quote:
Originally Posted by detbuch
So you think that the "new normal" achieved under Obama with its slow growth, dying middle class, stagnating wages, and expanding socialism was great.
And you do not see that as damage. I know . . . I know . . . he inherited all that. Right . . . right.
And things in those areas, except expanding socialism and the "new normal" are improving at a more positive rate under Trump. And you see that as damage that it will take time to fix.
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Let's see
GDP
Jun 30, 2019 2.28%
Dec 31, 2018 2.52%
Dec 31, 2017 2.80%
Dec 31, 2016 2.03%
Dec 31, 2015 1.90%
Dec 31, 2014 2.88%
Dec 31, 2013 2.61%
Dec 31, 2012 1.47%
Dec 31, 2011 1.61%
Dec 31, 2010 2.57%
Dec 31, 2009 0.18%
Dec 31, 2008 -2.75%
Median income
Dec 31, 2018 61,937.00
I didn't bother with 2017 since Trump needs a 2 year jump to not look so bad
Dec 31, 2016 59,039.00
Dec 31, 2015 56,515.84
Dec 31, 2014 53,657.47
Dec 31, 2013 51,939.48
Dec 31, 2012 51,016.86
Dec 31, 2011 50,053.97
Wage growth
Trump’s own Council of Economic Advisers contradicts his “decades of flat wages” claim, saying 2018 was “the sixth consecutive year of positive real hourly earnings growth for nonsupervisory workers and the longest streak since the eight years of consecutive earnings growth from 1995 through 2002.” (The CEA adjusts for inflation using the Personal Consumption Expenditures Price Index, or PCE, not the Consumer Price Index that BLS uses.)
Socialism
Trump’s tariffs are not only a new tax for Americans, but a policy of directly picking winners and losers in the economy. The interests of steel workers, for example, are being placed above the interest of consumers and farmers. This leads to the government using tax dollars to prop up farmers. Of course this spending means that tax-paying consumers are hit yet again, with their tax dollars being used for this new welfare program.
Government interventionism doesn’t simply stop there. The natural result of these new government barriers is for businesses to seek ways around them, such as Harley’s decision to move some manufacturing to Europe. This, of course, sparked backlash from President Trump, threatening further retaliation for such a move. As we've seen time and time again, the more Trump digs in to his support for protectionism, the more he will seek to interfere with the actions of individual companies.
Welcome to your New Normal of Lies and Exaggerations by the Greatest Con man