US Economy Doing Well

From the   Associated Press - 6 December 2019

"The unemployment rate dipped to 3.5% from 3.6% in October, matching a half-century low, the Labor Department reported Friday. And wages rose a solid 3.1% in November compared with a year earlier.

Investors cheered the report, sending the Dow Jones industrial average up 325 points in mid-day trading.

November’s healthy job gain runs against a widespread view that many employers are either delaying hiring until a breakthrough in the U.S.-China trade war is reached or are struggling to find workers with unemployment so low. The pace of hiring points to the resilience of the job market and economy more than a decade into the U.S. economic expansion — the longest on record."

"Happy days are here again

The skies above are clear again

So let's sing a song of cheer again

Happy days are here again."

 I am sure that Obeyme and his rabid, idiotic supporters will take credit for those numbers.

As they should.President Obama created this economy.The viollage idiot likes to climb on board after the hard work has been done.Sorta like him saying he is a self made man.Laughable.

I called it...

I think the economy is doing just fine but I thought that was the case prior to  2016 too.  

The main difference is now we're borrowing a trillion dollars a year to achieve the same GDP growth we had then....

I remember back when our boards' FOX viewers said anything below 3% was horrible....as was a federal deficit sitting at 1/3 of the present day.    They dont sing that tune anymore.   Now they sing Happy Days. 

The nice thing about goal posts ....they're pretty easy to move.      But if DonDIego and David MIller are happy then I am too.  

Oh...and uh...you will see this dynamic repeat itself in the near future.

The worst trading deal in history, NAFTA, is on the verge of being replaced with the greatest trade deal in history which will allow free trade between the US, Mexico, and Canada.    But its way different.   Its got a whole different acronym and everything.

Conservatives are very excited about it.

HaHaHa - more idiotic bullshit by PJ.

Obama ran up a $10 trillion deficit & had one of the lowest GDP growth rates of any president 

Tom, the deficit has never been even close to that large, even under Trump. You keep showing your basic misunderstanding of what a federal budget deficit is.

In the first 29 months of his presidency, Obama created 1,000,000 more jobs than in Trump's first 29 months--and Obama was leading the country out of a recession. Trump was not.

The economy is doing well because it's still the Obama economy. The Trump economy will soon kick in, with its huge federal deficits (that drive up the cost of borrowing for everyone, among other effects), the damage done by Trump's pointless trade wars, and the effect of Trump's tariffs.

But there's one thing I can predict with absolute certainty. When the economy goes in the tank, Trump will blame Obama!!

tom writes: "Obama ran up a $10 trillion deficit . . ."

President Barack Obama ran up a $8.59-trillion deficit.

Ref: US Debt Under Each President

tom writes: "[Obama] had one of the lowest GDP growth rates of any President.

Under President Obama the "average annual real GDP growth" was 1.5% 

Ref: Economic Growth by President

n.b. :  The US GDP growth for President Obama reflects the years 2009 through 2015;  in the final year, 2016, growth was 1.6% - so the poor old DonDiego supposes the overall average didn't change much. 

This is, indeed, the lowest economic growth of any post-WWII President.

DonDiego suggests tom was well "within the ballpark" with his claim. 

*edited to add*

The deficit is growing very fast under President Trump, . . . likely to exceed the deficit figures above.