Trump's Economy!!!!

Discussion in 'Current Events' started by dmac1, Oct 11, 2018.

  1. dmac1

    dmac1 Active Member

    You gotta give Trump credit when due.

    The DOW is up 176 points for the year.

    In Obama's first year, the DOW was only up 4000 points. DOW only grew about 30% per year under Obama, while under Trump, it has risen a total of 25% in just 2 years.

    Mtg interest rates are up 50% even if housing sales are down. If you are wealthy, you can give someone a mortgage and make more money!!!!!!!

    Just look at the great stock market we have now that Trump's economic policies are starting to bear fruit.
    With exports down, imports are doing a great as ever. We are still able to import as much as we want, and we get to pay more for the stuff we import.

    THANK YOU MR. TRUMP
     
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  2. fedex_rtd

    fedex_rtd Active Member

    Be careful or your going to make thin skinned snowflakes like Oldfart cry with talk like that. LOL
     
  3. vantexan

    vantexan Well-Known Member

    If Obama was so great why didn't he ever hit an annual 3% growth rate? Obama was great for the rich, not so much for everyone else. Sorry, will take this economy over the stagnation nation Obama presided over. And the Kool-Aid is delicious!
     
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  4. oldngray

    oldngray nowhere special

  5. 1989

    1989 Well-Known Member

    Obama passed the economy to the fed.
     
  6. Meat

    Meat Active Member

    How did you decide which economy is better? Didn’t you say that you had zero assets under both?
     
  7. bacha29

    bacha29 Well-Known Member

    We're coming down off the tax cut sugar high The trade war with China which Trump initiated and fired the first shots now to his great surprise he may have underestimated China's ability to shoot back. Sears having stopped paying it's suppliers is expected to close it's doors on Monday throwing 80,000 people out of a job. The USPS 58 billion in debt has filed a request for the largest rate increase in it's history. The IMF has reduced it's US 2019 GDP growth projection down to 2.5%. Exchanges sliding into correction territory and perhaps beyond. The government selling Treasuries by the box car load. A recession? I doubt it but a major slow down is possible.
     
  8. Crash-n-Burn

    Crash-n-Burn Finished work

    Sears gone. USPS broke. Ah the sky isn't falling Mr. Little
     
  9. 1989

    1989 Well-Known Member

    What, all of a sudden Sears is bankrupt?
     
  10. rickyb

    rickyb Well-Known Member

    not true, he was weak on min wage, and push anti worker trade deals like TPP, and kept NAFTA.
     
  11. Wrong

    Wrong :))

    Who’s got your panties all in a twist filling your head with lies?

    @BrownArmy will stop it with your violent commie rhetoric you are scaring little @dmac1
     
  12. rickyb

    rickyb Well-Known Member

    if the economy tanks under trump, which it will, it wont be his fault at all, because recessions are cyclical. obama's presidency and his economic performance was part of a long trend and he got elected basically when the great recession began.

    im not saying theres things trump and obama cant do to shape the economy, but they dont have total control over it either. they are both crooks, and im not sure whos worse for workers obama, or trump.
     
  13. rickyb

    rickyb Well-Known Member

    go learn something from michael hudson, richard wolff for starters.
     
  14. Wrong

    Wrong :))

    MAHA if you dont like it little lefties
     
  15. bacha29

    bacha29 Well-Known Member

    MAHA......Making Americans Homeless Again.
     
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  16. Brownsocks

    Brownsocks Just a dog

    Because renegotiating trade deals, stopping China from manipulating our economy any further, deregulation and the 1000 other things Trump has done means nothing? Lmao.....
    This is the strongest real job producing President in a generation. These arent min wage service jobs and we all remember Obama's brags about bankrupting coal and the death of American manufacturing.
    One needs to look no further than our volume to see this economy is better than it has been possibly in my lifetime. Stock market is the worst economic indicator and 7 intrest rate hikes says it all even though i think the hikes hurt alot more than they help.
     
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  17. Wrong

    Wrong :))

    You can go join the nfl kuks in their mud hut.
     
  18. newfie

    newfie Well-Known Member

    IMG_20181011_173726.jpg
     
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  19. rickyb

    rickyb Well-Known Member

    if you want to know how the economy is going for average joes, then you dont look at stocks because most people own little to no stocks.

    secondly, trump is presiding at the end of a cycle which will lead into recession or even depression very soon.

    he could have done better with NAFTA renegotiations, but he certainly did better than clinton or obama wouldve done.

    the economy is possibly worse off than under W bush, and certainly worse than it was under clinton. unionization rates are lower, manufacturing has been outsourced, and wall st has been deregulated. you can also look at things like rents to incomes and mortgages to incomes, along with healthcare costs which obama failed to control because hes corrupt.
     
  20. Crash-n-Burn

    Crash-n-Burn Finished work

    The "he hate me" economy. Lol