Current Events > The economy and job market are doing so well with Trump in office

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darkprince45
12/09/19 5:54:01 PM
#1:


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Ethosian
12/09/19 5:56:08 PM
#2:


You're a fool if you attribute those to the president
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TheMikh
12/09/19 5:58:54 PM
#3:


thank bernanke, yellen, and powell for all that cheap money.

trump just made it flow a little more freely, but it ain't gonna last.

too much debt, world's getting resentful of shouldering it, too many fundamental issues left unresolved.

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Awesome
12/09/19 5:59:30 PM
#4:


Ethosian posted...
You're a fool if you attribute those to the president

Why did people give Obama credit when he kept on saying he inherited a bad economy from the previous administration and fixed it so many times?

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Balrog0
12/09/19 5:59:52 PM
#5:


that is true

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Balrog0
12/09/19 6:00:13 PM
#6:


Awesome posted...
Why did people give Obama credit when he kept on saying he inherited a bad economy from the previous administration and fixed it so many times?

lots of people didnt

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But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you.
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Ethosian
12/09/19 6:00:37 PM
#7:


Awesome posted...
Obama
B-B-B-B-B-BUT OBAAAAMAAAAA!
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darkstar4221
12/09/19 10:27:28 PM
#8:


https://www.reuters.com/article/us-usa-economy-productivity/u-s-productivity-drops-by-most-since-fourth-quarter-2015-idUSKBN1XG1ZM

US productivity fell at a 0.3% annualized rate between July and September, the biggest decline in almost four years

If our economy is so strong why is our productivity declining? Why is our debt and deficits rising? Why are food costs, insurance costs, and the cost to rent or buy a house rising? Here's a hint the economy is not getting better, it's much worse than it was under Obama. And Obama was bad too.
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Disengaged
12/09/19 10:28:44 PM
#9:


darkstar4221 posted...
https://www.reuters.com/article/us-usa-economy-productivity/u-s-productivity-drops-by-most-since-fourth-quarter-2015-idUSKBN1XG1ZM

US productivity fell at a 0.3% annualized rate between July and September, the biggest decline in almost four years

If our economy is so strong why is our productivity declining? Why is our debt and deficits rising? Why are food costs, insurance costs, and the cost to rent or buy a house rising?

Cause were winning!

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Villain
12/09/19 10:30:07 PM
#10:


lol just learned Awesome has me on block

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#11
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SocksForWok999
12/09/19 10:31:43 PM
#12:


Yup, its great.


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darkprince45
12/09/19 10:32:15 PM
#13:


darkstar4221 posted...
https://www.reuters.com/article/us-usa-economy-productivity/u-s-productivity-drops-by-most-since-fourth-quarter-2015-idUSKBN1XG1ZM

US productivity fell at a 0.3% annualized rate between July and September, the biggest decline in almost four years

If our economy is so strong why is our productivity declining? Why is our debt and deficits rising? Why are food costs, insurance costs, and the cost to rent or buy a house rising? Here's a hint the economy is not getting better, it's much worse than it was under Obama. And Obama was bad too.

who cares about productivity? And everything you mentioned has been going up since the inception of time? Rent and buying houses isnt going to come down.


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Hanky_Bannister
12/09/19 10:32:54 PM
#14:


Villain posted...
lol just learned Awesome has me on block

he takes things very literal, your name must have scared him.
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SK8T3R215
12/09/19 10:34:29 PM
#15:


darkstar4221 posted...
Why are food costs, insurance costs, and the cost to rent or buy a house rising?

Because the Federal Reserve aims for 2% inflation.

Godnorgosh posted...

How are people actually faring financially?

Well hourly wages have been growing over 3% for a bit now but have plateaued a bit. Lower level workers are actually having stronger wage gains than higher level workers recently also.

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darkstar4221
12/09/19 10:38:24 PM
#16:


darkprince45 posted...
who cares about productivity? And everything you mentioned has been going up since the inception of time? Rent and buying houses isnt going to come down.

If our productivity is declining and the cost to make ends meet is getting more difficult, then our economy isn't strong. Trump has done nothing different than Obama except increase the size of government. Okay he's less of an environmentalist than Obama, but all the bad policies from Obama/Bush Jr/Clinton/Rega are still there.

Trump was elected to shake up Washington and he didn't do that. He just continued the status quo.
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SK8T3R215
12/09/19 10:45:33 PM
#18:


Are you saying the economy can be evaluated by looking at labor productivity alone?

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darkstar4221
12/09/19 10:56:23 PM
#20:


SK8T3R215 posted...
Are you saying the economy can be evaluated by looking at labor productivity alone?
No but there are other factors such as inflation, and the US debt and deficits. The current CPI is 1.8% but it cost over $5 to buy a big-mac in SoCal. The core CPI doesn't factor food and energy costs.

Hundreds of thousands of Americans left the labor force every month under Obama, and that trend has continued under Trump. Under Trump we have yet to reach 3% annual GDP growth something he criticized Obama for.
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