Quote:
Originally Posted by Got Stripers
Never said he didn’t help somewhat help keep the ship moving forward, but I also suspect there wouldn’t have been much difference with any other candidate, not in the first couple years. You are mistaken that the economy can turn on a dime, sure the stock market can make corrections quickly, but i wasn’t talking about the market.
While Trumps moves, primarily for corporate America and the upper class, certainly kept things going; his moves this past year seem to be having the opposite affect. If you want to make the case the market is a good barameter of the economy, how is loosing well over an entire years gains anything but negative?
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"but I also suspect there wouldn’t have been much difference with any other candidate, not in the first couple years. "
Maybe. No way of knowing. There are economists who say we're overdue for a recession, and that his pro-growth policies are helping delay that. The corporate tax cut is a big deal, and that was him.
"You are mistaken that the economy can turn on a dime"
Not on a dime. But not always at the pace of a cargo ship or glacier, either. I'm also not talking just about the market.
"While Trumps moves, primarily for corporate America and the upper class"
Black unemployment lowest EVER. Every move that a POTUS makes to grow the economy in a macro sense, will help the wealthy more, because they have more to invest, therefore they benefit more from growth. Did income inequality not increase when Obama got the economy back on track? How come no one cried about income inequality when Obama was exacerbating it? Can you answer that? I never, not once, heard you guys complain about income inequality from 2009-2016, and for damn sure the market gains increased income inequality. In January 2017, income inequality became a bad thing.
"his moves this past year seem to be having the opposite affect. "
You're all over the place. First you said that the economy only changes slowly, now you're saying that the moves that Trump made this year, are hurting the economy. Also, before you said there was more to the economy than the stock market, now you are focusing on the market correction, when all other economic fundamentals are healthy and robust.
So let's summarize what you are saying:
Trump inherited a healthy economy
there is more to the economy than the stock market performance
he made some moves in 2017, but they probably didn't contribute much to the economic improvement that occurred in 2017. The economic results in 2017 (which were good), aren't a result of trump.
Now in 2018, the stock market is doing poorly, everything else (unemployment and GDP and corporate profits) are favorable. And all of a sudden, (1) all that matters is stock market performance, let's ignore GDP and unemployment, and (2) NOW that "the economy" is doing poorly, and only then, does Trump own the results.
Sounds fair.