"…just about any measure, [the recovery] that began in June 2009 is the weakest…Economic growth has never been weaker in a postwar recovery. Consumer spending has never been so slack. Only once has job growth been slower."
–Associated Press 8/15/12 pic.twitter.com/snEnOeSTdP— Larry Elder (@larryelder) September 10, 2018
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Ooh, burn baby burn. That question will leave a mark.
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Love it I was just sharing the same one with some friends LOL
LikeLiked by 1 person
Wow. Talk about LOL. Hysterical.
LikeLiked by 1 person
Wait wait wait. What?
You are posing a logical question? And expecting a logical answer?
Oh, my….where’s my feinting couch…
Must be another Benghazi conspiracy theory. Gotta be.
LikeLiked by 3 people
…The New York Times, which has not been a conspicuous fan of President Trump or his economic policies, noted that:
“The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.”
The NYT also noted that the unemployment rate for high school dropouts hit 5.1% in July, down from its 2009 peak of 15.6%, and the lowest since the BLS began keeping track of this in 1992.
President Trump’s policies deserve credit for what the NYT calls “a strong economy” because the economic recovery has accelerated in almost every way since he took office.
Let’s compare the jobs numbers for Trump’s first 19 months in office with those of Obama’s last 19 months in the White House:
* Employment Ratio: +0.73 percentage points, more than twice Obama’s +0.35
* Labor Force Participation: +0.22 percentage point vs. Obama’s -0.16
* FTE jobs: +4.1 million vs. +3.3 million under Obama
* Average weekly wages: +$40.55 vs. +$31.21 under Obama
The reason that the labor market is finally tightening is that Trump’s tax and regulatory policies are bringing real GDP (RGDP) growth back to levels that are historically normal for the U.S. Despite the Great Depression, America averaged 3.50% RGDP growth during the 20th century, and Trump declared during the 2016 campaign that he would Make (economic growth in) America Great Again.
RGDP growth under President Obama was dismal. It averaged 1.57% for his 8 years in office, and it slowed to 1.56% during his final year, 2016. Because Obama’s Keynesian economic policies could not possibly be at fault, progressives have had to argue that America was afflicted with “secular stagnation,” and it was doomed to a future of sub-2.00% RGDP growth.
Oops. On July 27, the Bureau of Economic Analysis (BEA) reported that RGDP growth in 2Q2018 was 4.06%. This brought the average RGDP growth rate for Trump’s first 6 quarters in office up to 2.69%, which is vastly better than the 1.48% rate achieved during Obama’s last 6 quarters in the White House.
But wait—there’s more.
On August 3, the Federal Reserve Bank of Atlanta’s “nowcast” of 3Q2018 real GDP (RGDP) growth stood at 4.4%. Expansion at this rate during 3Q2018 would bring RGDP growth for Trump’s first 7 quarters in office up to 2.94%. The comparable number under Obama was 1.74%.
From there, it would take only a 2.50% RGDP growth rate for 4Q2018 to give us the first 3.00% growth year since 2005. It would also give us a year that progressive Keynesian economists and pundits confidently predicted that America would never see again…
https://www.realclearmarkets.com/articles/2018/08/06/the_jobs_report_is_a_validation_of_trumps_economic_policies_103377.html
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Now we know, don’t we Barack?
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LOL! Such a well-deserved fate!
Fading star power of Obama draws only 750 people for kickoff rally of his election campaigning
By Thomas Lifson – September 10, 2018
Gone are the heady days when Barack Obama could fill a stadium with his followers. Like a former sitcom star now doing dinner theater performances, he is self-relegated to lesser venues and smaller crowds.
https://www.americanthinker.com/blog/2018/09/fading_star_power_of_obama_only_draws_750_people_for_kickoff_rally_of_his_election_campaigning.html
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Obama’s Benghazi Body Bags No Mere Conspiracy Theory
By Daniel John Sobieski – September 10, 2018
The arrogance of the man who lied to the parents of the Benghazi dead in front of their sons’ caskets as they were returned to the country they fought for is mind-boggling.
https://www.americanthinker.com/articles/2018/09/obamas_benghazi_body_bags_no_mere_conspiracy_theory.html
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❤️ it.
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