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Yavin4

(35,442 posts)
Mon Feb 3, 2020, 03:52 PM Feb 2020

The economy has been unchanged since Obama's presidency

See the US GDP chart at the link:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/


The very same economy in 2016 that the media kept lamenting left everyone behind. The "forgotten man in middle America, completely left out". The economy only serves those "coastal elites sipping lattes in Starbucks while writing screenplays on their laptops". The real American (read, White, Christian, male) has been left behind by the global economy.

Flash forward to today with a US economy that has not materially improved at all, and it's "Trump is unbeatable because of the great economy that he has". We're booming.

Truth is the economy last year did slightly worse than it did 5 years ago.

Our current economy is mostly due to the Fed keeping rates low. Trump's tax cut added to the deficit without any ancillary benefits to the economy as a whole. For example, if we added to the deficit to improve infrastructure, we'd have more jobs AND better roads which would then increase more economic activity.

I honestly believe that the people who work in our media are either extremely lazy or stupid or a combination of the two.

6 replies = new reply since forum marked as read
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The economy has been unchanged since Obama's presidency (Original Post) Yavin4 Feb 2020 OP
It has changed for the worst . . . Iliyah Feb 2020 #1
Except even more boomers retire every year making unemployment applegrove Feb 2020 #2
Wages are rising slightly but not near the pace of the cost of living Yavin4 Feb 2020 #4
Message auto-removed Name removed Feb 2020 #3
Not significantly different statistically. Johnny2X2X Feb 2020 #5
I know I'm not taking the National Debt to the bank... abqtommy Feb 2020 #6

applegrove

(118,692 posts)
2. Except even more boomers retire every year making unemployment
Mon Feb 3, 2020, 04:01 PM
Feb 2020

go way down. It is an employees market but 'stragely' wages are not rising.

Yavin4

(35,442 posts)
4. Wages are rising slightly but not near the pace of the cost of living
Mon Feb 3, 2020, 04:18 PM
Feb 2020

Housing along with any health care costs completely wipe out any increase in wages.

Response to Yavin4 (Original post)

Johnny2X2X

(19,066 posts)
5. Not significantly different statistically.
Mon Feb 3, 2020, 04:36 PM
Feb 2020

2.3 for the last 3 Obama years, 2.5 for the first 3 Trump.

Trump is a master of doing nothing and taking credit for it like it was a big deal. And people believe him.

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