tdsrnest wrote:
Trump claimed he won the election because our economywas a mess and only he could fix. He continues to this day saying he inherited a mess. So I decided to do some research and what Trump actually inherited was an economy experiencing steady if not spectacular growth in output, jobs, and income that were beginning to rise. But the right wing continues to deny the facts of an economy Obama inherited and what Trump inherited. It's sad that the right wing cannot admit to real facts.
Any president coming into office has inherited the last year of the preceding president as in the case of Trump no budget or spending can be done until the Trump budget goes into effect because it gets approved in Nov. 2017 and goes into effect Jan 1st 2018. In Trumps first 6 months he is under the Obama final year of spending, immigration policies, all are policies and agendas are on Obama not Trump. Trump has passed no major legislation to date. He's done nothing but talk.
Let's look at jobs a big bragging point by Trump
And how he took over an economy in Shambles. Big Trump talking point.
Obamas last 12 months Trump inherited 2.2 million jobs added and a trend of 75 straight months of positive job growth. All denied by the right but BLS shows the real facts. That is the longest streak in history and continued into the Trump administration. Great job Donald do nothing and take the credit.
Obama not so fortunate the economy had lost 4.4 million jobs in the preceding 12 months and continued at a rate of 800,000 jobs a month.
When Trump took office in Jan. According to BLS there were 5.5 million job openings which was at an all time record high. This figure has been at this level for the last 18 months of Obama and continued into the first 6 months of Trump. So Obama left Trump with 5.5 million jobs on the books. But Trump continues to brag.
Obama took office with a 7.9% unemployment and losing 800,000 jobs a month and unemployment topped out at 10%. When Obama left office unemployment was at 4.7% 5.5 million jobs on the books.
Trump entered Office with Jobless rate at 4.7% with 5.5 million jobs on the books. What a mess he took over. Trump really has balls bragging about his early accomplishments.
Trump entered Office at a time when incomes had just begun to rise over the last 6 months of Obama. In 2015 mediam household income had jumped over 5.2% the largest one year jump in history. The income level for Obamas final year is projected to be even higher than the 5.2% and Trump is already using 2016 stats and bragging about these levels. But has done nothing.
Let's look at the economy which under Obama has posted annual increases in real (inflation- Adjusted) GDP products for 5 years. But the right uses this as a negative that Obama never exceeded 3%. Trump has promised 4%. But a 4% hasn't been reached since the dot.com bubble in 2000 when Bush took office. So Bush inherited an growing economy and a $295 Billion surplus. But 2016 projected growth is at 3.5% and should be the same for 2017 which Trump is already taking credit. Trump first measurements will be at the end of 2018 right now he rides the Obama trend.
Corporate profits Trump took office when corporate profits are running at near record highs. Just in 2014 corporate profit levels hit record levels of $1.73 trillion after taxes and were running at an annual rate of $1.68 trillion by the third quarter of 2016. Trump has already taken credit for the 4th quarter under Obama.
Previous to Obama these year was 2006 @ $1.38 trillion. Profits have now exceeded that old record for the past 6 years and are on track to do it again. Trump is already taking credit for this.
Single family home prices as figures show had begun to recover in 2015 at a 7% rate since the housing bubble began in 2007. Housing prices are usually the last to recover.
Trump takes office with a lower % of Americans lacking health Insurance than anytime on record thanks to a program he vows to repeal after promising ever American affordable healthcare.
Murder rates in 2015 was at a rate of 4.9 murders per 100,000 people which was at its lowest rate since 1960 in the 1980's under Reagan it was at 10.6%. Trump continues with the lie that murder rates are at its highest it's been in 45 years.
Trump promised to re- Negotiate TPP because he is a great negotiator. But the great negotiator withdrew. Now we have no trade in the Trans Pacific. That accounts for 12 nations equaling 40% of the worlds economic output and the US shares in none of it. This has hurt expecially our Agricultural products but that's okay the great negotiator created 1700 coal jobs.
The Agricultural community in Montana realizes now this is one big missed opportunity. The concerns given to Trump about TPP was currency manipulation and great great negotiator decided not to negotiate and just withdrew. TPP could have opened just in the agricultural community $63 billion in trade and the farm bureau federation estimated just Montana lost out on a estimated $86.9 million in exports. Trump promised Bi-Lateral agreements with the countries in TPP but in 6 months has done nothing. So the agricultural community misses out on an annual $63 billion in trade. The problem is once the trade between these nation have started you will not be able to get invovled it's gone.
Remember the Trump promise to get out of NAFTA until someone showed that buffoon a picture of Iowa corn that makes up 40% of there corn produced and he dropped that real quick.
The states such as Kansas, Missouri, Iowa, Arkansas, Louisiana are having real problems with getting information with Trumps administration because he has locked down these agencies so they can't get any information.
NOW TRUMP BRAGGING ABOUT THE STOCK MARKET WHICH ONLY 20% OF THE COUNTRY ACTUALLY BENEFITS FROM)
Obama stock market over 8 years rebounded and the S&P 500 Index damm near tripled. A trend that has continued under Trump. When Obama took office the US economy was in turmoil.Dow closed at 7,949 on his first day and closed at 19,732 on his last day. That was a 148% increase. The S&P closed at 805 on Obamas first day and closed at 2,264 on his last day.
So we listen day after Trump bragging about this so-called mess he took over. But there is no question with these facts a figures he is riding the Obama wave and taking the credit.
Trump claimed he won the election because our econ... (
show quote)
You're so right....obama was such a good President. He was the first at everything.
:First President to apply for college aid as a foreign student, then deny he was a foreigner.
First President to have a social security number from a state he has never lived in.
First President to preside over a cut to the credit-rating of the United States.
First President to violate the War Powers Act.
First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico.
First President to require all Americans to purchase a product from a third party.
First President to spend a trillion dollars on “shovel-ready” jobs when there was no such thing as “shovel-ready” jobs.
First President to abrogate bankruptcy law to turn over control of companies to his union supporters.
First President to by-pass Congress and implement the Dream Act through executive fiat.
First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions.
First President to demand a company hand-over $20 billion to one of his political appointees.
First President to tell a CEO of a major corporation (Chrysler) to resign.
First President to terminate America’s ability to put a man in space.
First President to cancel the National Day of Prayer and to say that America is no longer a Christian nation.
First President to have a law signed by an auto-pen without being present.
First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.
First President to threaten insurance companies if they publicly spoke out on the reasons for their rate increases.
First President to tell a major manufacturing company in which state it is allowed to locate a factory.
First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).
First President to withdraw an existing coal permit that had been properly issued years ago.
First President to actively try to bankrupt an American industry (coal).
First President to fire an inspector general of AmeriCorps for catching one of his friends in a corruption case.
First President to appoint 45 czars to replace elected officials in his office.
First President to surround himself with radical left wing anarchists.
First President to golf more than 150 separate times in his five years in office.
First President to hide his birth, medical, educational and travel records.
First President to win a Nobel Peace Prize for doing NOTHING to earn it.
First President to go on multiple “global apology tours” and concurrent “insult our friends” tours.
First President to go on over 17 lavish vacations, in addition to date nights and Wednesday evening White House parties for his friends paid for by the taxpayers.
First President to have personal servants (taxpayer funded) for his wife.
First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.
First President to fly in a personal trainer from Chicago at least once a week at taxpayer expense.
First President to repeat the Holy Quran and tell us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth
First President to side with a foreign nation over one of the American 50 states (Mexico vs Arizona).
First President to tell the military men and women that they should pay for their own private insurance because they “volunteered to go to war and knew the consequences.”
Then he was the First President to tell the members of the military that THEY were UNPATRIOTIC for balking at the last suggestion. (Thank God he didn’t get away with THIS one.)
First president to allow Iran to inspect their own facilities.
First president to have blood on his hands from Benghazi to the assassinations of several police officers.
First president to trade 5 terrorist for a traitor
First president to facilitate the Iranians to acquire nuclear weapons.
First president to light up the White House in rainbow colors to honor men that lust after other men’s rear ends.
First president to put young children in danger by forcing states to allow men in women’s restroom and showers.
First president to marry a man.
First president to allow crack cocaine in the White House.
I could go on for days but you get the point.