Everybody: Welcome to the Trump Recession!

Originally posted by: MisterPicture

It began in February 2020 according to the National Bureau of Economic Research. You know, before most of the virus shutdown.

 

Beginning in June 2009, we had economic expansion in:

 

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

 

"What have you got to lose?" - Donald Trump

 

 


Hey David, you called the above lies. Could you please put on your big boy pants and identify the lie?

Here is another factual graph - 

Economic Growth

Before the COVID-19 pandemic, the U.S. economy was growing a bit faster under Trump  — but not nearly as fast as he promised.

Real (inflation-adjusted) gross domestic product grew 2.3% last year. During all of Trump’s first three years the economy grew 0.6% more than in the three years just before he took office.

 

Even before the COVID-19 outbreak, growth under Trump had averaged far less than the 4% to 6% per year that he promised repeatedly, both when he was a candidate and also as president. The best annual growth achieved during Trump’s time was 2.9% in 2018 — no better than the 2.9% growth in 2015, the best year during Obama’s time.---------------------------

Income and Poverty

Household Income — Household income has risen briskly during the Trump administration.

The Census Bureau’s measure of median household income reached $63,179 in 2018, an increase of $1,400 from 2016 after adjusting for inflation.

In percentage terms, the increase during Trump’s first two years is 2.3%. (The median figure represents the midpoint — half of all households earned more, half less.)

The official figure is the highest ever recorded, exceeding previous records set in 2016 and 2017. ----------------------------------Poverty — As incomes rose, the rate of poverty declined. The percentage of Americans living with income below the official poverty line went down to 11.8% of the population in 2018, the lowest level since 2001.

The poverty rate has now declined for four consecutive years, dropping by 1.3 percentage points in 2015, by 0.8 points in 2016 and by 0.4 points and 0.5 points in Trump’s first two years.-----------------------------------------------------------------------

Wages and Inflation

The upward trend in real wages continued under Trump, and inflation remained in check.

CPI — The Consumer Price Index rose 5.8% during Trump’s first 38 months, continuing a long period of historically low inflation.

In the most recent 12 months, ending in March, the CPI rose only 1.5% — held down in part by a recent plunge in gasoline prices. The CPI rose an average of 1.8% each year of the Obama presidency (measured as the 12-month change ending each January), and an average of 2.4% during each of the George W. Bush years.

Wages — Paychecks continued to grow faster than prices.

The average weekly earnings of all private-sector workers, in “real” (inflation-adjusted) terms, rose 3.4% during Trump’s first 38 months (ending in March).

Those figures include managers and supervisors. Rank-and-file production and nonsupervisory workers (82% of all workers) are doing just a bit better than their bosses. Real earnings for them have gone up 3.8% so far under Trump-----------.

The sun rose every morning! And lots of minorities died, every day!

 

All hail El Presidente Trump!

And on the flip side, Kevin woke up again this morning and went about spewing filth and hate.


Originally posted by: David Miller

And on the flip side, Kevin woke up again this morning and went about spewing filth and hate.


Coward. Admit you called MisterPicture a liar without ANY basis for doing so. Coward.

Originally posted by: MisterPicture

It began in February 2020 according to the National Bureau of Economic Research. You know, before most of the virus shutdown.

 

Beginning in June 2009, we had economic expansion in:

 

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

 

"What have you got to lose?" - Donald Trump

 

 


Still waiting for you to ID the lie, David.

ms. selfie - see my above posting.

Drink bleach, Davie-boy.

What do you have to lose?

Must be tough for you, toad   -   

I'D give a fuck but I already gave it to your mother last night  Sean Connery and Your Mother

Puzzy.

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