General Discussion

still_one

(92,190 posts)

32. Are you kidding me? Trump's trade wars hurt the farmers tremendously. While the economy has

Fri May 8, 2020, 08:54 PM

May 2020

chugged along under trump, the average growth rate was .3% Under President Obama the growth rate achieved a peak of 5.5%

Deficits have increased considerably under trump, in contrast to under President Obama and the Democrats. Those trump tax cuts are going to come back to haunt us

The Obama administration confronted the worst economic crisis since the Great Depression when it initially took office, and passed a massive stimulus package in February 2009 to jumpstart the economy, and it was successful.

Trump benefited from Obama's economic stewardship, but under trump economic expansion was very weak.

Because of trump's mismanagement, and ignoring the warnings from within and outside his administration of the pandemic, he has brought the country to its knees, both economically, and health care wise.

Except for his "true believers", people are not going to have short memories of this situation

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There's something seriously wrong with the stock market [View all] Calculating May 2020 OP

I guess... Newest Reality May 2020 #1

Trump bankrupting us Propping up the greedy. pwb May 2020 #2

A combination of quantitative easing, guillaumeb May 2020 #3

Corporations will make more profits when they cut procon May 2020 #4

stock market has no soul or connection to politics or life NRaleighLiberal May 2020 #5

That isn't true. Markets are fueled by speculation on profitability Under The Radar May 2020 #7

I think fundamentally the economy is in good shape and doc03 May 2020 #6

My friend agrees with you DetroitLegalBeagle May 2020 #8

But beware of Disaffected May 2020 #21

Ask Your Friend... ProfessorGAC May 2020 #25

Thanks ProfessorGAC! smirkymonkey May 2020 #26

Sorry, not with 20% unemployment still_one May 2020 #11

The unemployment is 14.7% now. The unemployment is not a result of any doc03 May 2020 #22

There's no recovery when 10 to 20% of the whole economy is not working uponit7771 May 2020 #27

There are so many industries that are being damaged. Food, transportation, and retail. still_one May 2020 #30

According to trump's own economic advisor, May's unemployment rate is going to 20% still_one May 2020 #29

No rockfordfile May 2020 #15

America has a very short memory, many think the economy was in a shambles when doc03 May 2020 #24

Are you kidding me? Trump's trade wars hurt the farmers tremendously. While the economy has still_one May 2020 #32

That's what I said many people (people that voted for Trump) think the economy doc03 May 2020 #36

+++ still_one May 2020 #38

Sociopaths. nt essme May 2020 #9

The stock market isn't the economy, and the economy isn't the stock market still_one May 2020 #10

Thank YOU! smirkymonkey May 2020 #16

Exactly. The 20% unemployment is a reality check still_one May 2020 #18

Perhaps, though I don't think so kurtcagle May 2020 #12

The Stock Market has been largely decoupled from the general economy... Wounded Bear May 2020 #13

Please don't hate on Powell. dawg May 2020 #14

When TRILLIONS are pumped into the stock and bond markets artificially NoMoreRepugs May 2020 #17

Pretty fragile, I would think. safeinOhio May 2020 #19

3 reasons. Midnight Writer May 2020 #20

Horrible isn't it? Karma13612 May 2020 #23

#Eugenicscapitalism loves death and unemployment JCMach1 May 2020 #28

We would be way better off I_UndergroundPanther May 2020 #31

A two trillion dollar bailout to the rich helps float a lot of junk struggle4progress May 2020 #33

No, They heard that Pelosi would soon be in charge and things would be looking up tavernier May 2020 #34

The U.S. will be gutted shanti May 2020 #35

I can sort of understand NASDAQ tinrobot May 2020 #37

You have to remember two things TheFarseer May 2020 #39