dow 28000

[bacha29]

and trump is dealing with rising interest rates and no QE, obama had 0 and QE

Interest rates where cut to zero in a desperate attempt to kick start an economy thanks to the policies of the previous administration. What Bush handed off to Obama was an economic crises that rivaled if not equaled the one Hoover handed off to Roosevelt . Obama inherited a national and global economy that was on the verge of total collapse that was in danger of driving asset values to zero levels. What Obama handed off to Trump was and it doesn't matter if you want to acknowledge it or not was an economy that had emerged from the worst crisis in decades was on it's way up and in far far better shape than the one inherited from Bush.

 

[Jkloc420]

Interest rates where cut to zero in a desperate attempt to kick start an economy thanks to the policies of the previous administration. What Bush handed off to Obama was an economic crises that rivaled if not equaled the one Hoover handed off to Roosevelt . Obama inherited a national and global economy that was on the verge of total collapse that was in danger of driving asset values to zero levels. What Obama handed off to Trump was and it doesn't matter if you want to acknowledge it or not was an economy that had emerged from the worst crisis in decades was on it's way up and in far far better shape than the one inherited from Bush.

You are absouluty right obama inherited a mess and he grew an economy coming off a recession and shedding millions of jobs at a 1.8 percent gdp growth, created a lot of part time jobs, threw up tons of regulations. With a lot being on energy, right when shale was taking off, passed obamacare, which was a economy killer with all of its taxes. Not to mention is shovel ready jobs stimulas package and cash for clunkers dud absouluty nothing

 

[Jkloc420]

Interest rates where cut to zero in a desperate attempt to kick start an economy thanks to the policies of the previous administration. What Bush handed off to Obama was an economic crises that rivaled if not equaled the one Hoover handed off to Roosevelt . Obama inherited a national and global economy that was on the verge of total collapse that was in danger of driving asset values to zero levels. What Obama handed off to Trump was and it doesn't matter if you want to acknowledge it or not was an economy that had emerged from the worst crisis in decades was on it's way up and in far far better shape than the one inherited from Bush.

There is no doubt in my mind if clinton would of won the economy would be in bad shape. This economy was not supposed to happen under trump period. All you heard from pundits was doom and gloom. I applaud Trump for wading through all the freaking garbage he has had to put up with. Some by is own doing and some not. Most pusillanimous Republicans would have folded by now.

 

[bacha29]

There is no doubt in my mind if clinton would of won the economy would be in bad shape. This economy was not supposed to happen under trump period. All you heard from pundits was doom and gloom. I applaud Trump for wading through all the freaking garbage he has had to put up with. Some by is own doing and some not. Most pusillanimous Republicans would have folded by now.

And his personal attacks against anybody who disagrees with him is entire of his own doing as well. And obviously when the economy slows and many qualified individuals are saying that it's doing and possibly significantly you'll do doubt blame it on Hillary Clinton despite the complete absence of any collaborated facts to back it.

 

[Babagounj]

IMHO, If the economy goes down hill , Trump will blame Congress for not doing their job and wasting so much time & energy on trying to impeach him.

 

[bacha29]

You are absouluty right obama inherited a mess and he grew an economy coming off a recession and shedding millions of jobs at a 1.8 percent gdp growth, created a lot of part time jobs, threw up tons of regulations. With a lot being on energy, right when shale was taking off, passed obamacare, which was a economy killer with all of its taxes. Not to mention is shovel ready jobs stimulas package and cash for clunkers dud absouluty nothing

I've been an electric utility stockholder since 1978 and I can tell you the movement away from coal was due to the fact that coal was no longer the lowest cost fuel source and was ongoing long before Obama took office. it along with nuclear had become the most costly source of fuel and couldn't compete in the deregulated market.. As for Obamacare the healthcare system especially in the rural areas was collapsing. Too many people not paying their medical bills just walking out the door and stiffing the hospital with the bill. How long do you think that could go on? The repugs wanted to "repeal and replace". The only trouble was they never presented the American people with the "replacement" because none existed and there were no plans of ever presenting one.

 

[bacha29]

IMHO, If the economy goes down hill , Trump will blame Congress for not doing their job and wasting so much time & energy on trying to impeach him.

Does that include the Senate? or are you forgetting about them? Or didn't anybody tell you that all pieces of House passed legislation has to get through the Senate as well?

 

[brownmonster]

So you agree that even more remarkable is the economic results Trump has gotten in such a short time period?

the Dow for instance was at 18 when trump was elected and has risen like a rocket since.

GDP had dipped to 1.8 under Obama on his last year and since has rebound nicely into the 3 percent range.

Dow hit 26000 Jan 2018. Not much of a rocket the last 18 months.

 

[Jkloc420]

I've been an electric utility stockholder since 1978 and I can tell you the movement away from coal was due to the fact that coal was no longer the lowest cost fuel source and was ongoing long before Obama took office. it along with nuclear had become the most costly source of fuel and couldn't compete in the deregulated market.. As for Obamacare the healthcare system especially in the rural areas was collapsing. Too many people not paying their medical bills just walking out the door and stiffing the hospital with the bill. How long do you think that could go on? The repugs wanted to "repeal and replace". The only trouble was they never presented the American people with the "replacement" because none existed and there were no plans of ever presenting one.

what does coal have to do with shale

 

[Non sequitur]

Bush II was Clinton lite. The ing knucklehead invested in bombs and bullets with his UN nation building. Obama got elected to get us out of foreign wars and concentrate on America first policy. Trump is doing what Obama was elected to do without the socialism.

 

[newfie]

Interest rates where cut to zero.

interest rates are always cut when an economy turns . its policy and predictable . it was not a act of desperation.

what was disturbing was the fed could not restore interest rates because Obama's recovery was not strong enough to do so.
this left us in danger of a much more severe collapse if the economy had turned again at the 8 year mark.

 

[newfie]

And his personal attacks against anybody who disagrees with him is entire of his own doing as well. And obviously when the economy slows and many qualified individuals are saying that it's doing and possibly significantly you'll do doubt blame it on Hillary Clinton despite the complete absence of any collaborated facts to back it.

that was silly

 

[newfie]

I've been an electric utility stockholder since 1978 and I can tell you the movement away from coal was due to the fact that coal was no longer the lowest cost fuel source and was ongoing long before Obama took office. it along with nuclear had become the most costly source of fuel and couldn't compete in the deregulated market...

but an offset should other fuel commodities have supply issues. Europe learned that painful lesson when they tried to move away from coal and other fuel options experienced supply and price issues. too many eggs in one basket can be a catastrophy when an opec tightens its supply or wind and solar do not produce as expected.

 

[newfie]

It's your graph and obviously you're only looking at the parts you want to look at .

yes the part that says you're a liar .

 

[newfie]

Dow hit 26000 Jan 2018. Not much of a rocket the last 18 months.

um you're deducting a year. dow was 18 on election night and 20.8 when he was sworn in.

your liberal economic geniuses predicted economic doom instead

do all you libs completely try to fabricate economic data that is easily verifiable or is it just you and @bacha29

 

[brownmonster]

um you're deducting a year. dow was 18 on election night and 20.8 when he was sworn in.

your liberal economic geniuses predicted economic doom instead

do all you libs completely try to fabricate economic data that is easily verifiable or is it just you and @bacha29

If you're going to go back and ignore the last 18 months then go back before Trump and see the real rocket stock market.

 

[Brownslave688]

You are absouluty right obama inherited a mess and he grew an economy coming off a recession and shedding millions of jobs at a 1.8 percent gdp growth, created a lot of part time jobs, threw up tons of regulations. With a lot being on energy, right when shale was taking off, passed obamacare, which was a economy killer with all of its taxes. Not to mention is shovel ready jobs stimulas package and cash for clunkers dud absouluty nothing

Uhhh fracking stopped because of all the other places they opened for drilling dropped the price of oil and it wasn’t profitable.


If you want to pay $4 a gallon for gas so they can have fracking jobs be my guest but I’d rather not.

 

[Maple Grove MN Driver]

lmao are you kidding

Facts are facts.
Your red tinted glasses skew your view.

 

[Jkloc420]

Uhhh fracking stopped because of all the other places they opened for drilling dropped the price of oil and it wasn’t profitable.


If you want to pay $4 a gallon for gas so they can have fracking jobs be my guest but I’d rather not.

um fracking has dropped the price of gas, unless your in California, shale is profitable at 55 to 60 bucks

 

[newfie]

If you're going to go back and ignore the last 18 months then go back before Trump and see the real rocket stock market.

dude 18 to 27 in less then three years. less then 3 years per your liberal buddy who thought he was slamming trump but really pointed out how brilliant trumps influence and policy has been.

Trump is on pace to be the greatest economic president ever and you libs are taking major gas over it.