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Author
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Topic: The Trump Flip
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Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 11, 2020 08:20 PM
  
Obama’s unemployment rate during his first three years was 9.3 percent. With President Trump, it’s 3.9 percent. Flip!  IP: Logged |
jwhop
Knowflake Posts: 14054
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted January 11, 2020 11:28 PM
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Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 12, 2020 10:31 AM
What an inconvenient truth!IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 12, 2020 02:36 PM
Huh?To be fair, Obama inherited a recession/depression. By the end of his second term in 2016, unemployment rate was 4.7 percent. Doesn't he deserve any credit for that? https://www.bls.gov/opub/mlr/2017/article/unemploymen t-holds-steady-for-much-of-2016-but-edges-down-in-fourth-quarter.htm
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teasel
Knowflake Posts: 13479
From:
Registered: Apr 2009
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posted January 12, 2020 04:14 PM
quote:
Originally posted by Belage:
Huh?To be fair, Obama inherited a recession/depression. By the end of his second term in 2016, unemployment rate was 4.7 percent. Doesn't he deserve any credit for that? https://www.bls.gov/opub/mlr/2017/article/unemploymen t-holds-steady-for-much-of-2016-but-edges-down-in-fourth-quarter.htm
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Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 13, 2020 09:02 AM
No, you have to look at the whole picture. With Obama, the labor participation rate continually declined. People became so fed up with not being able to find a job that they quit looking for one. Obama left office with the lowest labor participation rate since the 1970s.
http://www.google.com/amp/s/thehill.com/opinion/finance/354541-labor-market-is-thriving-far-better-under-trump-than-under-obama%3famp IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 16, 2020 08:06 PM
But your original post only concerned itself with the unemployment rate. Now you are shifting the discussion to the Labor Participation Rate. Ok, let's go there.The article you quoted is almost 3 years old. It is an opinion piece, and a biased one at that. Moving away from partisan opinions and into facts, let's look at the figures from the bureau of labor statistics- that same agency that compiles the LPR. Look at the graph from 2009 to 2019. If my eyes are not tricking me, It shows that the LPR was higher under Obama than under Trump: https://www.bls.gov/opub/ted/2019/mobil e/employment-population-ratio-up-over-the-year-labor-force-participation-rate-changed-little.htm IP: Logged |
Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 17, 2020 11:59 AM
I wasn't shifting the conversation at all. The labor participation rate is figured into the unemployment rate. That's not a shift. I also fail to see why an article from the end of Obama's legacy would not be considered timely when addressing Obama's numbers.IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 18, 2020 11:40 AM
There was Zero mention of LPR in your original post, which you later claimed was the real measure of success after I pointed out that Obama had inherited a recession, while Trump has inherited a booming economy.So let's look at the LPR using the graph provided in the link from the Bureau of Labor Stats: 1st 3 years:
Obama: LPR was 64% at its lowest
Trump: LPR is 63.2 at end of 2019 RESULTS: The Labor Participation Rate was still HIGHER under Obama in the first 3 years under an economy recovering from a recession and that had higher unemployment rates, than under Trump who inherited a booming economy and is enjoying lower unemployment rates. The numbers are there in plain sight, irrespective of that bias article you posted says. IP: Logged |
jwhop
Knowflake Posts: 14054
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted January 18, 2020 12:41 PM
"Trump has inherited a booming economy."Not in this Universe! IP: Logged |
Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 18, 2020 09:21 PM
Did you just say Obama had higher unemployment rates than President Trump? President Trump has the lowest unemployment in 50 years, and the lowest Black and Hispanic unemployment ever in history.IP: Logged |
Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 18, 2020 09:25 PM
The DOW was at 19,000 when Obama left office. The DOW added 10,000 points under President Trump, and it just keeps going higher. That’s not inheriting a good economy; that’s creating one!
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Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 18, 2020 09:40 PM
This booming economy is the direct result of President Trump’s policies, I.e., tax cuts and regulation cuts. Capitalism works. IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 21, 2020 10:14 PM
quote:
Originally posted by Randall:
The DOW was at 19,000 when Obama left office. The DOW added 10,000 points under President Trump, and it just keeps going higher. That’s not inheriting a good economy; that’s creating one!
Oh so now, you wanna throw the Dow at me, huh? Here, here:
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) was at 7,550.29, " the lowest inaugural performance for the Dow since its creation in 1896." ... Let that sink in a little bit... https://www.investopedia.com/ask/answers/101314/where-was-dow-jones-when-obama-t ook-office.asp When this inept president took office that Dow was at its lowest ever and by the time he left, it was 19,000, and we did have a BOOMING ECONOMY. ~emphasis for Jwhop.  So what else are you gonna throw at me now, huh? ~Tightening up my catcher's mitt~  IP: Logged |
Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 22, 2020 02:59 AM
The DOW was so low it could only go up. It's like the earth warming, because we had come out of a little ice age. As you yourself said, we were coming out of a recession. This had nothing to do with Obama; in fact, it was in spite of his anti-capitalist measures. Obama added so many new regulations to choke businesses that it's a wonder the DOW made it to 19,000. However, be aware that the DOW had NEVER reached more than 20,000. Ever. Until, that is, President Trump was elected. Then it continued its record highs as the economy was set on fire with lowered taxes and cut regulations. That rise is obviously due to President Trump's policies.IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 22, 2020 01:15 PM
Ok so the DOW going up during the Obama years has NOTHING to do with Obama.
But the DOW going up during the Trump years, has EVERYTHING to do with Trump. Got it! ~ Caught with my super duper Catcher's Mitt.
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Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 22, 2020 01:21 PM
Jokes aside, Randall, this is how your mind is coming across, just in case you could use a snapshot from the outside:Anything good that might have happened during the Obama years, Obama had nothing to do with it.
Anything bad that happened during the Obama years, Obama had everything to do with it. Anything good that happens during the Trump years, Trump has everything to do with it.
Anything bad that happens during the Trump years, Trump has nothing to do with it. This is just so maybe you might want to do some self-reflection if you are so inclined. But you can stay just as you are. I am not that invested, it's not harming me in any way. Peace out! IP: Logged |
Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 22, 2020 07:37 PM
No, that’s just your perception. I actually can admit that Obama did a couple of good things. But most of Obama’s actions were against capitalism. Trump’s actions are pro business. It’s just plain common sense to know that lower taxes will give more take home pay for employees to spend in the economy, that corporate tax cuts create more jobs and investments in expansion, and that reducing regulations is good for business. That’s why only under President Trump has the stock market risen over 10,000 points. Presidential actions have consequences. IP: Logged |
BlueRoamer
Knowflake Posts: 790
From:
Registered: Apr 2009
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posted January 23, 2020 03:16 PM
I believe with Belage's assessment.MAKE AMERICA THINK AGAIN IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 24, 2020 03:57 PM
quote:
Originally posted by Randall:
No, that’s just your perception. I actually can admit that Obama did a couple of good things. But most of Obama’s actions were against capitalism. Trump’s actions are pro business. It’s just plain common sense to know that lower taxes will give more take home pay for employees to spend in the economy, that corporate tax cuts create more jobs and investments in expansion, and that reducing regulations is good for business. That’s why only under President Trump has the stock market risen over 10,000 points. Presidential actions have consequences.
Okay then. I don't disagree with you that Trump's actions are unequivocally pro-business, and that lowering taxes, giving corporate tax cuts, and reducing tedious regulations are good business practices. When I became a business owner, my perspective changed on those issues. As for Obama being anti-business, for me that is a stretch. It was under his watch that we had the largest private sector bailout in our history. He also approved trillions of dollars of zero interest loans to our largest financial institutions. There are more examples, but I will leave it at that. IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 24, 2020 03:58 PM
quote:
Originally posted by BlueRoamer:
I believe with Belage's assessment.MAKE AMERICA THINK AGAIN
MATA IP: Logged |
jwhop
Knowflake Posts: 14054
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted January 24, 2020 05:10 PM
"MAKE AMERICA THINK AGAIN"Already accomplished.
We elected Donald Trump President.
Instead of the Queen Of Corruption, Hillary The Corrupt. IP: Logged |
Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 24, 2020 10:22 PM
You seriously think that giving bailouts and zero interest loans to financial institutions is pro business? You say you changed your perspective on taxes, tax cuts, and reducing regulations once you became a business owner; pray tell, what did you believe before then? Obama added thousands of new regulations. That is the antithesis of being pro business. Regulations choke out businesses and drown them in paperwork and restrictions, not to mention the hurdles and obstacles regulations create. In contrast, President Trump is on his way to cutting regulations to pre-1960 levels, and the economy shows it. IP: Logged |
Belage
Knowflake Posts: 2799
From: USA
Registered: Apr 2009
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posted January 25, 2020 01:16 AM
quote:
Originally posted by Randall:
You seriously think that giving bailouts and zero interest loans to financial institutions is pro business? You say you changed your perspective on taxes, tax cuts, and reducing regulations once you became a business owner; pray tell, what did you believe before then? Obama added thousands of new regulations. That is the antithesis of being pro business. Regulations choke out businesses and drown them in paperwork and restrictions, not to mention the hurdles and obstacles regulations create. In contrast, President Trump is on his way to cutting regulations to pre-1960 levels, and the economy shows it.
Is it anti-business to bail out the private sector and give zero interest loans to financial institutions? Please enlighten me.
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Randall
Webmaster Posts: 122465
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted January 25, 2020 02:29 AM
I didn’t say it was anti-business. I said creating thousands of new regulations was anti-business. Instead, I questioned why you thought it was pro business. Obama was the one who told business owners: “You didn’t build that.” He was not friendly to business.IP: Logged |
Lindaland
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