General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 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.
Iliyah
(25,111 posts)Better for the 1%ers tho, and that's all they care about.
applegrove
(118,692 posts)go way down. It is an employees market but 'stragely' wages are not rising.
Yavin4
(35,442 posts)Housing along with any health care costs completely wipe out any increase in wages.
Response to Yavin4 (Original post)
Name removed Message auto-removed
Johnny2X2X
(19,066 posts)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.