US Economy Doing Well

PJ, the economy was horrible under Obama.  His policies frightened business and discouraged investment.  Trump his created a business tax and regulatory environment which encourages business investment within the US.

I agree that our budget deficits were horrible under Obama and are horrible under Trump.  I would like to see us cut Federal spending by 10%, and then freeze spending for the foreseeable future.  I wish that Trump had the power to do what past Indiana governor Mitch Daniels did when he eliminated the state deficit by cutting Indiana government spending equally across the board.  He then encouraged Dems and Republicans to move the leftover money around as they saw fit.  Since Daniels’ 2005 tax cuts, Indiana has been enjoying a budget surplus.  It should be noted that Mitch cut government employee jobs by 18% during his tenure as governor, and we managed quite nicely, which differed from the disaster predictions made by the great majority of Democrats within Indiana.  It should further be noted that since Daniels became the president of Purdue University, he as frozen tuition for 7 years, while decreasing costs for room, board, books, etc., by about 5%.  As expected, Liberals predicted disaster, while reality has the just the opposite.  The number of Purdue students has increase, while the quality of student has improved.  Private research dollars directed to Purdue has surged under Daniels.  Spending on employee salaries have increased as one would have expected prior to Mitch’s arrival, and spending on physical improvements has surged under Daniels.  My point being, government wastes much money.  We can cut tons and tons of government spending, and then watch great things happen.

The St Louis Fed says the GDP growth should be 2-3% 

kevin is wrong again. 

Which companies were frightend by Obama - the same ones that tripled the value of the S&P 500 during his tenure?   Give me a break.

The metric by which you measured the Obama economy is the same in both administrations and growing at the same rate.   The difference is Trump requires borrowing and injecting 600 billion more a year into the economy to achieve the same result.

But the level of outrage at that reality is far less than when Obama borrowed far less.   And if your new metric is government spending - thats off the charts compared to the previous administration.    

President Trump’s gdp growth rate is significantly higher than Obama’s less than 2% growth. 

The deficit has grown significantly with both presidents & neither party has any interest in reducing it. 

Could'a fooled me!   Could'a fooled easily obtaned, published data too !

And I dont think your definition of deficit jives with the one used by Mariam Webster.    But thats been the case for your entire posting history here.

Obama gdp was 1.6% & trump’s is 2.5%

Or, the Fed is wrong.

It's a standard stupid Trumper tactic to cherry-pick opinions off the internet. And I didn't say that it "should be" 2% or anything else. I wondered what was, indeed, optimal. Nobody actually knows what that optimal rate is.

So what? "Obama's GDP" includes several years of recovery from the Dubya recession. You can't compare apples to oranges and have that comparison be meaningful.

Your major misunderstanding continues to be that you don't realize that the state of the economy is only minimally influenced by the policies of the President. Literally thousands of other factors come into play. The only way to compare the economic performance of two Presidents is to compare how they do in identical situations--which is impossible, of course.

1. Obama inherited an economy in a deep recession. He managed to pull the country out of it, and by the end of his term, the economy was doing well.

2. That has continued under Trump, despite his efforts to fuck it up.

I can only imagine how Trump would have responded to the mess that Obama inherited. He probably would have run off to Florida to play golf--or maybe declared war on Mexico.

What's the unemployment rate for blacks under Trump versus previous administrations?  What's most important, is that the economy is getting better every day, and this makes Liberals sad.  You guys would rather see the black man and Trump out of a job, than you would like to see the black man working and Trump as president.  That's serious hatred.

Are you delusional enough--or enough of a loyal Trump lackey--to think that Trump did anything--even inadvertently--to increase black employment? Any race-specific hiring programs (similar to affirmative action)? And don't just make some asinine statement like Trump's bigly economic genius has benefited everybody, including black people.

Your statement that the economy getting better every day "makes liberals sad" is really, really fucking stupid. You think that we want the economy to tank so that Trump will be defeated. However, we're not as stupid as you conservatives. We don't choose party over country. You were willing to vote for Trump regardless of the consequences for our country. If I truly thought that Trump was good for the economy, I might vote for him. But as I have a brain, I can see that his effect on it is mildly negative.

The economy will probably continue to improve regardless of whether Trump is president or not. It will improve even more if he's in prison and his deficits, trade wars, tax breaks for the rich, and tariffs are rescinded.

If Trump is out of a job, that won't affect employment levels for black people or anyone else. You say such idiotic things!