General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNYT - The Markets Are Up, Unemployment Is Down. How Much Credit Should Trump Get?
I think one question to ask is why are right wingers suddenly giddy about economic performance that is largely the same as what occurred under President Obama? I think there are two reasons:
First, on the right, you have large segment of our media that pushes right wing/Republican propaganda. Thus, despite the dramatic improvements in the economy under President Obama, the right wing media continuously focused on those "left behind." Thus, despite the overall and steady improvement in the economy, President Obama and Democrats received low marks in the economy.
Second, on the left, there is a natural desire to focus on those left behind. As a result, Democrats and liberals felt awkward about taking credit for the success of their policies in pulling the entire world from the brink of a depression, because it would seem insensitive to the plight of those who have not benefited. President Obama would often qualify the success of his policies by noting that not everyone has benefited.
Under Trump, you have an entirely different dynamic. On the right, the exact same economic data is now hailed as evidence of the success of Trump's policies even though no new legislation has been passed through Congress. Second, the concerns raised by the left are now dismissed by the Trump administration as fake news and biased.
Finally, unlike President Obama, Trump has no shame about boasting of his success even where he has failed. Likewise, as the Carrier employees found out, Trump is happy to take credit for jobs he did not save and ignore or attack those who say otherwise.
https://www.nytimes.com/interactive/2017/08/04/business/economy/the-economy-under-president-trump.html
Since taking office, President Trump has taken to Twitter to point to the rising stock market, strong jobs numbers and the health of the overall economy as signs of his success.
While his claims are largely true, most if not all of the positive indicators continue trends that began during the Obama administration metrics Mr. Trump dismissed as fiction and disastrous before becoming president. But as Sean Spicer, then his press secretary, said when the jobs numbers measuring the first full month of Mr. Trumps tenure came out: They may have been phony in the past, but its very real now. Lets take stock of the Trump economy.
* * *
At 4.3 percent in July, the unemployment rate is near its lowest level since early 2001, as Mr. Trump has claimed. Whats more, the rate is less than half its peak at 10 percent in October 2009 in the wake of the recession.
But nearly all of that drop occurred on the watch of his predecessor, Barack Obama. When Mr. Obama left office in January, unemployment was at 4.8 percent.
Gabi Hayes
(28,795 posts)the average wage earner is.
Income inequality continues to worsen
That's been going on for like FORTY years, and it isn't getting any better
That's about all you need to know
And there's no way, given current conditions, anything will change for the better
They want to return to a Christian Dominionist feudal system, with no middle class
These deplorables are greasing the skids with silicone spray
Iliyah
(25,111 posts)Will GOPers across board also claim it as well? I sorta of remember the same fate ummm back during the W's years . . .
Hoyt
(54,770 posts)But if the economy doesn't dip, Trump, or another GOPer, will be hard to beat. He should be easy pickings for other reasons, but I ain't counting on it. I think he'll have had enough by 2020 and will promote some other buffoon.
Iliyah
(25,111 posts)GOPer's suck.
Hoyt
(54,770 posts)who were just conservative racists who are now GOPers. But I hope you are right and Democrats get out the vote.
Iliyah
(25,111 posts)voter suppression, purging and down right cheating. Russians help and gawd what else - other foreign countries, i.e. cha ching.
GOPers can never tell me about freedom nor democracy.
Algernon Moncrieff
(5,790 posts)Markets generally falter in Republican administrations.
TomCADem
(17,390 posts)Look at Identity Politics/Anti-Trade rhetoric. You have folks on both the left and right attacking Democrats for pushing identity politics, while also stoking white resentment, scapegoating and tribalism. Likewise, you have both the left and right attacking the Globalists and trade, resulting in the U.S. being isolated and pulling out of the Paris Climate change accord.
C Moon
(12,219 posts)When they get started, things will go to helljust like under Bush Jr.
Fozzledick
(3,860 posts)0rganism
(23,960 posts)Currently Trump only gets credit for not immediately demoloshing the "Obama economy"