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The Obama Recovery continues under Trump

 
Casper 2019-05-03 12:42:23 

.. with some good economic numbers this month

Credit to Trump for not screwing up the Obama recovery like he has done everything else.

 
Casper 2019-05-03 13:09:03 

The Obama Economic Record.


At seven and a half years long, the Obama recovery now is one of the longest on record. In terms of annual G.D.P. growth, the rate of expansion has been relatively modest: since 2010, G.D.P. has risen by about 2.1 per cent a year. During the Bill Clinton recovery (1992-2000), G.D.P. growth averaged 3.8 per cent a year, and during the George W. Bush recovery (2002-2007), it averaged 2.7 per cent.


The Great Recession of 2008 and 2009 wasn’t a normal recession. It was an old-fashioned financial bust, and it always takes economies a long time to recover fully from those—if they ever do. Japan took two decades to rebound from a financial bust in the early nineteen-nineties. Much of Europe still hasn’t recovered from the Great Recession.



And here are some additional facts when Trump’s Kool-Aid drunks bring up the Trump economy.


In addition, if you look at employment rather than at G.D.P., the Obama recovery looks much stronger. Since the start of 2010, the U.S. economy has created about 2.4 million jobs per year. During the Bush recovery of 2002-2007, annual job growth was just 1.2 million. In terms of jobs, the Obama recovery compares with the Clinton recovery, of the nineteen-nineties, when approximately 2.8 million jobs were created each year.


Let’s see if Trump can improve those numbers. What we can so far is that he has certainly not screwed up the economy Obama handed over to him. In all other areas I cannot say the same.

 
Star 2019-05-03 13:14:15 

In reply to Casper
No cool down in the forecast so bad news for the Dems sorry to say.

Trump will be re-elected as economist see a ten year boom.

263k jobs added, wage growth 2.3% and most important of all, 7 million jobs vacancies which is more jobs than people looking for work in the USA.

I am no fan of Trump but I will give credit where credit is due.

The man is the teflon king.

 
nitro 2019-05-03 13:29:05 

Love him or hate him he has improved on the economy Obama left for him.

He cannot lose with a great economy.

 
Runs 2019-05-03 13:41:34 

In reply to Casper

Declination of participation in the job market, need to read between the lines here.Glaring bold headlines will serve it’s purpose and rile up the sheeple, we see them stirring on here. lol

However, the lower unemployment reading was due in part to a factor economists don’t always see as a healthy sign: The participation rate, or share of working-age people in the labor force, decreased to 62.8 percent from 63 percent.