More than 7 million jobs created since Trump won election

[TalkRadio_]

This past week, the administration announced that unemployment has fallen to 3.5 percent—the lowest since 1969—after a November jobs surge of 266,000 jobs created last month, numbers that blew away expectations.

What’s more, Crowley noted, is that since Trump defeated Democrat Hillary Rodham Clinton in November 2016, the U.S. economy has created more than 7 million new jobs—greater than last year’s population of the entire state of Massachusetts—and millions more than the experts expected.

Source

 

[HisArpy]

But, but everyone knows that Trump's a "con man"...

 

[jomar]

All that proves is that he hasn't yet fucked up the 11 year recovery from the recession.

 

[coati]

All that proves is that he hasn't yet fucked up the 11 year recovery from the recession.

It also proves that if you gut all environmental and financial regulations and borrow lots of money to support tax cuts, you can goose the economy in the short term.

Any cheap-trick President can rip off future generations in order to goose the markets in the short-term. We will have to pay the piper at some point.

 

[SpeareChucker]

*chuckle*


The short term. Like the recession predicted for every year since the guy was elected.

You people crack me up...

 

[TalkRadio_]

Final tally: Obama's subpar economy cost Americans $2.4 trillion

All that proves is that he hasn't yet fucked up the 11 year recovery from the recession.

The GDP report for the fourth quarter last year was a fitting end to President Obama's time in office. At a tepid 1.9% growth, it means that the economy once again underperformed everyone's expectations.

Just how weak? Compare GDP growth of the 10 previous recoveries to Obama's, which is now 30 quarters long. What you find is that, on average, the real GDP had grown 33.5% over that length of time. Under Obama, total GDP growth has been 17.1%.

In dollar terms, if Obama's recovery had merely been average, the nation's GDP would be $2.4 trillion bigger. That translates into $19,000 in lost income per household.

Obama's record on jobs tells the same story. On average, the number of jobs was 18% higher 7-1/2 years after those recoveries started. Under Obama, it was 10.9%. That translates into 12 million fewer jobs.

Source

 

[bhurry]

Source

she lost. please get over it. everything will be ok.

 

[Fart_knocker]

How is that deficit doing?

 

[TalkRadio_]

Obama's 'shovel-ready' joke draws criticism, corrections

It also proves that if you gut all environmental and financial regulations and borrow lots of money to support tax cuts, you can goose the economy in the short term.

Any cheap-trick President can rip off future generations in order to goose the markets in the short-term. We will have to pay the piper at some point.

The White House defended its record Tuesday on the stimulus after facing a heap of criticism over President Obama's joke a day earlier that "shovel-ready" projects in the stimulus bill weren't so shovel-ready after all.

The president's wisecrack came during a meeting in North Carolina with his jobs council. After hearing concerns about how the permitting process delays construction, Obama smiled and said: "Shovel-ready was not as shovel-ready as we expected."

Last summer, the administration claimed the $830 billion stimulus plan "saved or created" 3.6 million jobs. Though such a claim would be impossible to verify, the shovel-ready projects did not prevent the unemployment from pitching skyward.

The administration had pledged the stimulus would keep unemployment below 8 percent. But the jobless rate has gone from 8.2 percent when Obama signed the stimulus in early 2009 to 9.1 percent last month. The number of employed people in the United States has also fallen by nearly 2 million since that time, according to the Bureau of Labor Statistics.

Source

 

[jomar]

Source

Overall, we would rate Investors Business Daily far right biased and Mixed for factual reporting. (6/14/2016) Updated (D. Van Zandt 8/14/2018)

Source

 

[coati]

Trump economics are equivalent to taking a big hit of cocaine or adderall. You end up running faster in the short term but crashing in the long term.

This is why the OK, Boomer movement has so much traction. It is being promoted by the generations who will have to pay the tab caused by gutting environmental regulations and borrowing money to make the current generation's wealthy even richer than they were before the Trump tax cuts.

Future generations will pay the tab for the economic growth that Trump is currently financing with borrowed money and environmental destruction.

 

[schism666]

*chuckle*


The short term. Like the recession predicted for every year since the guy was elected.

You people crack me up...

every republican president has presided over a recession.

 

[RoryN]

Trump economics are equivalent to taking a big hit of cocaine or adderall. You end up running faster in the short term but crashing in the long term.

This is why the OK, Boomer movement has so much traction. It is being promoted by the generations who will have to pay the tab caused by gutting environmental regulations and borrowing money to make the current generation's wealthy even richer than they were before the Trump tax cuts.

Future generations will pay the tab for the economic growth that Trump is currently financing with borrowed money and environmental destruction.

^^^^ Yup.

 

[DMBFFF]

It seem to fall a lot during the Obama years.

https://en.wikipedia.org/wiki/Unemployment_in_the_United_States
https://commons.wikimedia.org/wiki/File:US_Employment_Statistics.svg
https://upload.wikimedia.org/wikipedia/commons/thumb/2/25/US_Employment_Statistics.svg/1024px-US_Employment_Statistics.svg.png

According to this,
https://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate
Netherlands, Germany, Switzerland, Japan, and the Czech Rep have lower unemployment rates.

 

[oneblueye]

hey...

Source

the thing about numbers is you can get them to say what ever you want and EVEN IF those numbers were correct, a job don't mean shit when it takes you twice as much as what you make at your Trump job just to stay alive.

 

[SpeareChucker]

every republican president has presided over a recession.

This one hasn't which makes you post wrong.

 

[schism666]

This one hasn't which makes you post wrong.

his term isn't over.

 

[SpeareChucker]

A point without distinction...



Has no Democrat ever presided over an economic downturn?


This has the smell of a truism that every Democrat "knows"
because they spend so much time repeating it...

 

[HisArpy]

A point without distinction...



Has no Democrat ever presided over an economic downturn?


This has the smell of a truism that every Democrat "knows"
because they spend so much time repeating it...

It's how propaganda works; make a statement that's only partially true, omit the rest of the facts, and glorify those who jump on the bandwagon as "patriots".

 

[SpeareChucker]

With a fiat currency, you are going to have economic bubbles and bursts.

It is just as valid to examine which party held one, or both,
branches of the Congress during the booms and busts...