General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow do we (Dems) counter Trump and his allies on his calling card the Economy
We know the soundness of the economy is because of Obama's 8 years in office.
We also know that job growth is down compared to Obama's last year and so is the percentage of growth in the stock market.
I wish someone from the Obama administration or the former President himself speak out on this.
Cannot rely on the press, to be fair some in the press have pushed against the trump cult on this
or
do we just wait to pounce when the economy has its inevitable down turn within the next 4 years?
doc03
(35,398 posts)"This poor job market". After the election the same economy became "A booming economy", "We have full employment" and "A booming stock market". I can't help but put the blame on Democrats and Obama for not taking credit for the economy. The stock market increased from 6594.44 on March 5, 2009 at the bottom of the Bush recession to 18636.52 on August 15, 2016 under Obama. That is a 282.6% increase and Democrats never capitalized on it. I don't recall anyone ever calling the market the Obama Bump. If it wasn't for the Obama
economy Trump's polls would be in the single digits.
gabeana
(3,166 posts)on Obama after reading more pissed Dems/Obama are so quiet
https://www.factcheck.org/2017/09/obamas-final-numbers/
smirkymonkey
(63,221 posts)Thank you!
RussBLib
(9,044 posts)And the economy grew steadily under Obama. Maybe not as robustly as you greedheads on the right might want, but does having a good economy over-ride every other thing? Having a good economy means we can just overlook the appalling behavior of the president? We can just overlook everything else, as long as the economy is healthy?
A good economy certainly didn't stop the GOP from impeaching Bill Clinton, did it?
gabeana
(3,166 posts)but that is what they are hanging on, what are they going to do when that is taking from them, that is what I'd like to see
m3n0z
(53 posts)That Bush laid for Democrats...
Remember back, if you can , when the collapse occurred. Regardless of the real economic issues that lay quietly under the surface, it was one man, with only his voice, that crashed the economy, housing markets, travel industry, automotive industry, jobs, etc....
Henry Paulson
Stepped out in front of the press and yelled the sky is falling.
From that moment, instead of a gradual economic slow down that could have been handled more quietly in the background, they chose to create a hard crash that the next administration would spend a decade trying to overcome. They, out of pure political calculation thought the suffering of over 300 million americans under the next administration would be an acceptable cost for long term political gain.
Why would democrats spend so much money and grow so much debt trying to save brokerage firms, insurance companies, mortgage companies and car makers.
Why
So President Obama would not come into office with an impossible economic catastrophe without the ability to turn it around.
Had Democrats called their bluff and allowed it to continue to collapse until Obama took office, He would have had the support of every american family for single payer, healthcare, universal basic income and a final indictment of conservatism.
But Just as Obama spent 8 yrs digging out of the whole left for his administration. Trump will spend what ever length of time he has, taking credit for economic stats that would have served President Obama well had they materialized while he was still in office.
questionseverything
(9,665 posts)the dollar has lost 10% of its value in the last year
http://www.bbc.com/news/business-40853840
treestar
(82,383 posts)I would push back really simply, saying Donald has nothing to do with it. All he passed is tax cuts and they have not taken effect yet.
Roland99
(53,342 posts)Before that, it was still Obamas economy.