fullspinzoo

The naysayers will 'naysay', the deniers will 'deny', and Obama will try to take credit for it. How hilarious is that? https://www.wealthauthority.com/articles/record-setting-trump-economy-nears-50-year-best/

bahmer

Amen and Amen

JFlorio Loc: Seminole Florida

I noticed Obama and his ilk always omit the fed printing him 4.5 trillion dollars out of thin air to stimulate his failing economy. Even with all that stimulus Obama could never get to 3% growth for a full year. Obama himself when stumping for Hillary said if you elect Donald Trump the economy will crash. Economy took off so he's either lying then or lying now.

slatten49 Loc: Lake Whitney, Texas

Let me start out by stating that statistics are for statisticians....

Trump Wrongly Touts Economy Growth Milestone vs. Unemployment
]
Jeff Kearns, Terrence Dopp, Toluse Olorunnipa; September 10, 2018

President Donald Trump said growth in U.S. gross domestic product was higher than the unemployment rate for the first time in over a century, though it’s happened several times since 1948, according to historical data reviewed by Bloomberg News.

“The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!” Trump said Monday in a posting on Twitter.

Closer examination of the figures reveals a different story.

In the 70 years since the Labor Department started publishing monthly jobless numbers, the growth rate has been higher than the unemployment level more than 20 percent of the time when compared with GDP, which is reported quarterly.

GDP growth exceeded the jobless rate as recently as the first quarter of 2006, when unemployment was about 4.7 percent and quarterly GDP growth was 5.4 percent, government data show.

The White House has previously disseminated false statistics in an attempt to bolster Trump’s record on jobs and the economy.

Last month, White House Press Secretary Sarah Huckabee Sanders falsely claimed that Trump has created three times as many jobs for black workers as his predecessor Barack Obama did during his entire time in office.

Sanders asserted at the Aug. 14 White House press briefing that Trump had tripled Obama’s eight-year job creation record in just 18 months, quoting numbers that are not even close to accurate.

“This president since he took office, in the year and a half that he’s been here has created 700,000 new jobs for African-Americans,” Sanders told reporters. “That’s 700,000 African-Americans that are working now that weren’t working when this president took place. When President Obama left, after eight years in office, he had only created 195,000 jobs for African-Americans.”

The claim isn’t true, according to data from the U.S. Bureau of Labor Statistics, and Sanders backtracked hours later in a tweet. The U.S. economy added about 3 million jobs for black workers while Obama was in office, according to BLS data.

On Sunday, Trump said in a tweet that “the Stock Market is up almost 50% since E******n.”

That’s not the case for the S&P 500 Index, which has increased more than 30 percent since Trump was elected on Nov. 8, 2016.

Before taking office, Trump regularly accused federal officials of falsifying economic data.

The White House did not immediately respond to request for comment on Monday.

fullspinzoo

You didn't mention that Sanders apologized the next day for the misinformation. Why is it that Obama is trying to say that after two years with Trump at the helm, Obama should be give credit for t he booming economy? Answer that for me. You're one of those naysayers, and then we looked all over and finally found one Dem that has the balls to admit the economy is basically on fire. Turns out to be Obama himself. How ironic!!! So which is it "great economy and Obama should give it the old college try and take credit? or it's really not that great. You can't have it both ways.

bmac32 Loc: West Florida

What really gets me is by bring out Obama the left thinks their safe on the economy with Obama coming out and taking credit. If this is true when why have jobs been added 18 months after he left office, why is the economy growing at 4%, why is any job getting a boost in wages, why are there more jobs available than people? Is everything perfect, hell no but things are better all around since Obama left office and that's a fact!

slatten49 Loc: Lake Whitney, Texas

I guess you missed the part where it was written: "Sanders backtracked hours later in a tweet."

Apparently you didn't read the entire article...otherwise you would have realized accept that, indeed, naysayers will 'naysay', the deniers will 'deny', and Trump will try to take full credit for all things positive. How hilarious is that? It appears that you are both naysayer and denier.

slatten49 Loc: Lake Whitney, Texas

Trump's tweet about the economy was false, top White House economic adviser says.

Dylan Stableford, September 10, 2018

The top official on the White House economic advisory council said on Monday that President Trump’s claim that the quarterly change in the country’s gross domestic product has eclipsed the U.S. unemployment rate for “the first time in over 100 years” is false.

“I can tell you what is true,” Kevin Hassett, chairman of the council, told reporters during a press briefing. “What is true is that it is the highest in 10 years.

Earlier Monday, Trump fired off a series of tweets boasting about the state of the economy.

“The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!” the president tweeted.

The claim was quickly debunked.

“Trump is completely wrong about how rare this is,” the Washington Post’s Philip Bump wrote. “Out of the 282 full quarters since 1948, the rate of change in the GDP has topped the unemployment rate 64 times, or more than a quarter of the time. So 64 times in the past 70 years. Not quite the same as once in a century.”

Hassett, who appeared at Monday’s briefing to try to show that recent positive economic data was a direct result of the president’s policies, said he did not know the source of Trump’s bunk economic data and “could not engage” in speculation about where he got it. Then he did just that.

“At some point somebody probably conveyed it to him adding a zero to and he shouldn’t have done that,” Hassett said.

He added that the “numbers geeks” at the White House are grateful when the press points out mistakes because “we want to correct them.”

Trump’s erroneous tweet, however, has yet to be deleted and the president has not issued a correction.

fullspinzoo

Wh**ever. A bunch of piddle stuff. Bottom line is there is not a Dem out there that has the balls to admit that the economy is BOOMING, period. Not one, oh wait a second there is one Democrat that is willing to admit the economy is on fire. Oh let's see, who is that? Oh, it's our former Presdent Obama and he wants to take credit for it. Yeah, the economy is doing extremely well as it was me that is causing it. Doing so extremely well that I want to or deserve to get credit for it. I mean I've only been out of office for just less than 2 years, I can pull this "biggest lie ever" off. Wow, coming from a guy who couldn't get the GDP above 3% for the year~ fact!!!! in 8 years. And now it's at 4.2% and predicted to go higher in quarter #3. Talk about somebody who lies through their teeth. I'll give you the fact on occasion Trump has a tendency to exagerate just like every other politician. But Obama and Hillary are outright LIARS. Obamacare, the whole sales pitch was predicated on a bunch of lies. And Hillary can't open her mouth without telling a big fat lie. should be in prison, and I don't understand why she isn't.

Radiance3

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What are you saying about president Trump taking the full credit? Full credit of what, of whose?

Obama left the country down to the toilet, loaded with national debts, crimes, i*****l a***ns, and Muslim terrorists, MS13 gangsters, 56 million free loaders.
Obama left with 51% not paying taxes, high unemployment of 16%, high unemployment of b****s of 21%.
Obama left with disastrous BO care, our infrastructures rotten and deteriorated.
Obama left with our military decimated, by reducing budget.
Obama left with US no respect from foreign countries, but instead he apologized.
Obama left NATO, and UN suckling the US for funding.
Obama left supporting Muslims k*****g Christians in the Middle East.
Obama left with Iran given $150 billion, and additional cash of $1.75 billion.
Obama gave Palestine $900 million and Muslims for building mosques all over the world of $700 million.
Despite of the $783 billion from the Stimulus package Obama had done no improvement except the cash for clunkers, and bailing out the low income unqualified home buyer, so they could keep the foreclosed homes. Thousands of banks got bankrupt due to the unpaid loans of the unqualified home buyers which Obama and the Acorn had demanded banks to loan the unqualified barrowers.

Obama to start the BO Care, took $783 billion from Medicare. Then Medicare, increased premiums of the higher income by reducing their SS benefits. Very few knew about this because majority of the people are receiving minimum SS. They were not affected. But I was affected, and other higher income because they reduced my SS to the increase Medicare premium to pay the amount that Obama took.

Then Obama to continue BO care, Obama took several hundred billions of dollars from Fannie Mae, and Freddie Mac funds.

Obama left with BO care is not sustainable because only the democrats approve it, even without reading the 1 foot high pages of the details. Pelosi said, "just approve it and read it later to know what it is in the bill".

Obama left with the underground "Deep State", weapon to attacking the Republicans particularly president Trump. They want to k**l him. He was duly elected by the Americans, with the highest 306 e*******l college v**es, vs Crooked Hillary's 227. Obama's weapons are IRS, CIA, FBI, DOJ, NSA, NPA. Public colleges and universities, brain washing the students to socialism.

Obama left with the US having several thousands of Mosques of Islam, his religion of peace.

**President Trump entered, Jan. 20, 2017, our country was so much damaged per above.
President Trump had to left it up from the drain whole done by Obama.

Now under president Trump our country is made great again, prosperous, safe, 96.9% working, 608,000 jobs available for qualified applicants. Wages went up due to low of supply and demand.
There are more demands for qualified workers, thus companies are increasing salaries to attract, great applicants.

Black unemployment the lowest since history. National Defense at its highest, walls are beginning to stand, no Muslim terrorists, less drug dealers. Mandatory mandate for BO care removed, NAFTA, NATO, UN, are all disciplined of their greed. NATO members are now paying their fair share of the dues. UN funding reduced.

US diplomacy moved to Jerusalem.
GDP 4.2%, unemployment 3.9%.
Revenue will go up by end of this year, when the full corporate tax reduction takes effect. Corporation have increased revenue thus, more federal taxes will be paid.
Lowered taxes of 21% for the corporations, and the IRS standard deduction raised to $12,000 for single and $24,000 for married filing jointly. Most of the low income people will not pay taxes because the income taxable is raised to the higher level.

President Trump appointed one of the best SC judges, Neil Gorsuch, and another one is coming
my favorite brilliant constitutionalist SC Judge Bret Kavanaugh. He will be confirmed, praise God.

Most importantly, president Trump protects the Christians from being decimated by Muslims. Unlike Obama who h**es the Christians. America is a Christian country again.

There are so many other accomplishments of president Trump for only 18 months in office.
Praise God, and may God bless president Trump and America.

fullspinzoo

So well said, and with patience. Great job and spot on. And I know you could have gone on for another hour. But it's hard to get through to these knuckleheads. Pretty amazing what he has accomplished in 18 months. We must ALL v**e in November.

Radiance3

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I have more but am getting tired. Thanks fullspinzoo. God bless.

fullspinzoo

I guess you missed the part that I wrote as a commentary, "Naysayers will naysay, deniers will deny (about how great the economy is doing) and Obama will try to take credit for it (per his last speech in Anaheim.) I said that, not the article. I never said "Trump" would try and take credit....

fullspinzoo

I'm laughing a little because I knew it, but great job anyway. You are truly a TROOPER, and thanks for that.

slatten49 Loc: Lake Whitney, Texas

I'm also laughing a little because you exhibit limited knowledge and seem slow to grasp what is written. FYI, I did not quote your words, but instead, mocked your comment(s) by paraphrasing them to fit a more suitable narrative. BTW, here's more legitimate info for you...

https://www.forbes.com/sites/chuckjones/2018/01/18/trumps-economic-scorecard-one-year-post-inauguration