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Jobs Report Good or Bad ?
#32
(08-06-2021, 06:28 PM)vector#1 Wrote:
(08-06-2021, 05:35 PM)ronald reagan Wrote:
(08-06-2021, 02:28 PM)vector#1 Wrote: When Obama left the unemployment rate was 4.7% when he took office it was 7.8%.
Now no I did not get on here every month when Trump was in office I worked pretty well worked 6 days a week I retired last August. So now I have a lot of free time on my hand Trump did have a 2nd half GDP of 19% per quarter. But if you average his 4 year GDP it's pretty bad it's .95% As far as Biden's economy he has inherited a pretty good situation as good as Trump NO. The virus is still with us it's not going no where unless you get all the people vaccinated. But his rescue plan is helping no denying that.
Don't know much about the fed but that they have interest too low.

The 2nd quarter of FY 2020 the economy contracted 33% due to Covid shutdowns. So its wholly unfair to count numbers like that in your 4 year average. At least, I personally would never use them to make my case.

My point is that, Biden inherited a rapidly growing economy with extremely favorable conditions. If there's any economy that you want to inherit for the purposes of boosting job creation numbers and pointing to GDP growth as a sign of success, then its his. Jimmy Carter would have 5+% growth and a few million jobs created by now haha.

If you remove the covid shutdown and the 33% retraction, his economic growth record was about 2.6% in his first 3 years. Which was about 40% faster than Obama's growth record.

The main takeaway here is that Biden signed the rescue plan, but hasn't done anything else. The vast majority of the Covid money hasn't even been spent yet. Which is where a great deal of the money for infrastructure is coming from. Hundreds of billions are sitting in the hands of the states, which is why they have masssive surpluses nationwide at the moment. In fact, California has 77 billion as a surplus at this very second.

So its entirely insane to suggest that Biden is the cause of the jobs and growth numbers coming out.

I'm not sure what you get from most other people on this site, but you have my word... I'll always give credit to where credit is due. I'll always offer fair analysis regardless of the personality it comes from.

I don't have any problems with Biden personally. He seems like a decent guy. I'd never in a million years vote for the guy though. We are light years apart on policy.

I'll give him a fair assessment around the 2 year mark.. when his policies are fully in gear. Right now, there's literally nothing that has his fingerprints on it in terms of assessing.
Trump's 3 year GDP average was 2.5%
Obama's last 3 years was 2.23% 

[/url][url=https://www.yahoo.com/now/gdp-growth-under-trump-compares-121008953.html]How GDP Growth Under Trump Compares To Clinton, Obama And Other Presidents (yahoo.com)

Which is essentially what I said. I was wrong about the 40% though. I apologize I meant to type 20%. To be perfectly clear --  it was really 18.2% faster growth. But whats your point??

If you really want to talk numbers, we can.
GDP growth was 18.2% faster on trump. (2.2% vs 2.6%)
Unemployment was 34.3% higher under Obama. (4.7% vs 3.5%)
Stock Markets were over 57% higher under Trump than Obama (19,700 vs 30,930)
S&P 500, same story. >54% higher. (2200 vs 3400)
Combat Operations - Obama: Libya, Somalia, Pakistan, Syria, Yemen, Iraq, Afghanistan -- and that was just in 2016 alone. Trump: Not so much.
Black unemployment was 39% higher under Obama. (7.5% vs 5.4%).
Middle Class Income, $3000 higher under Trump in real dollars. (60k vs 63k)
Food Stamps -- 9 million less on them under Trump. (44 million vs 35 million)
Average Home Value and Equity -- $60,000 higher under Trump. ($243k vs 304k)
Hourly wages -- Growing at 40% faster under trump (3.5 vs 2.5%)

And the list goes on and on. 

But what does any of this prove? Not a lot. I can find stats all day long to back up a point.. but unless you're willing to believe it, its pointless. And obviously, you're not willing to believe it. Tell me if you need sources to fact check me. But just an FYI, i don't ever knowingly lie.
Messages In This Thread
Jobs Report Good or Bad ? - by vector#1 - 06-04-2021, 10:44 AM
RE: Jobs Report Good or Bad ? - by jetpilot - 06-04-2021, 10:59 AM
RE: Jobs Report Good or Bad ? - by Cardfan1 - 06-04-2021, 11:08 AM
RE: Jobs Report Good or Bad ? - by vector#1 - 06-04-2021, 11:44 AM
RE: Jobs Report Good or Bad ? - by TheRealThing - 06-04-2021, 12:31 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 06-04-2021, 12:46 PM
RE: Jobs Report Good or Bad ? - by TheRealThing - 06-04-2021, 02:15 PM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 06-04-2021, 05:31 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 06-04-2021, 06:12 PM
RE: Jobs Report Good or Bad ? - by Cardfan1 - 06-04-2021, 01:11 PM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 06-04-2021, 12:43 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 06-04-2021, 12:48 PM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 06-04-2021, 12:47 PM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 06-04-2021, 01:01 PM
RE: Jobs Report Good or Bad ? - by Cardfan1 - 06-04-2021, 02:22 PM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 08-04-2021, 06:12 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-04-2021, 06:36 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-06-2021, 09:48 AM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 08-04-2021, 06:45 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-04-2021, 07:22 PM
RE: Jobs Report Good or Bad ? - by Cardfan1 - 08-04-2021, 08:16 PM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 08-04-2021, 11:40 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-05-2021, 08:46 AM
RE: Jobs Report Good or Bad ? - by ronald reagan - 08-06-2021, 11:11 AM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-06-2021, 11:28 AM
RE: Jobs Report Good or Bad ? - by ronald reagan - 08-06-2021, 01:34 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-06-2021, 01:46 PM
RE: Jobs Report Good or Bad ? - by ronald reagan - 08-06-2021, 01:59 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-06-2021, 02:28 PM
RE: Jobs Report Good or Bad ? - by ronald reagan - 08-06-2021, 05:35 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-06-2021, 06:28 PM
RE: Jobs Report Good or Bad ? - by ronald reagan - 08-06-2021, 07:33 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-07-2021, 11:42 AM
RE: Jobs Report Good or Bad ? - by Hoot Gibson - 08-07-2021, 01:32 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-07-2021, 01:43 PM
RE: Jobs Report Good or Bad ? - by vector#1 - 08-11-2021, 08:07 PM

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