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The economy

Discussion in 'BBS Hangout: Debate & Discussion' started by NewRoxFan, Aug 18, 2019.

  1. mick fry

    mick fry Member

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    No misleading he had a ****ing recession so of course his numbers have no where to go but up and he was the worst, get off his nuts.
     
  2. fchowd0311

    fchowd0311 Contributing Member

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    Obama's second term job growth rate, wage growth rate accounting for cost of living, gdp growth rate etc all follow the same trendline as Trump's first 3 years but the with some major differences such as the deficit rapidly increasing again when it was shrinking in Obama's second term and household debt at record levels right now.
     
    superfob likes this.
  3. peleincubus

    peleincubus Member

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    You can not be serious. An 8 year old article??????? Come on
     
  4. AleksandarN

    AleksandarN Member

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    Ok genius how was Obama the worst?. Not only did Obama got the US out of the recession when he left office the economy was booming. So tell me how was he the worse? Also tell me what was the deficit when he left office and what is trump’s deficit now?
     
  5. mick fry

    mick fry Member

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    Nobody said balancing the trade inequality was going to be easy, it takes time for an upswing. We’ll see how it does under his next 4 yrs. Maybe the Dems will let him be President and not defendant but I doubt it.
     
    #285 mick fry, Feb 19, 2020
    Last edited: Feb 19, 2020
  6. mick fry

    mick fry Member

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    https://nypost.com/2017/03/30/gdp-growth-under-obama-was-worst-in-decades/
     
  7. AleksandarN

    AleksandarN Member

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    I never said anything about trade inequality. What are you talking about? It is like you are purposely avoiding my questions. So I will repeat them for you. How was Obama the worse? And what was deficit when Obama left office and what is Trump’s deficit now?
     
    Eric Riley and Andre0087 like this.
  8. fchowd0311

    fchowd0311 Contributing Member

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    The notion you need a NY post article to regurgitate basic GDP growth rates when you can just see it for yourself with proper context and not from a biased Murdoch source that just cherry picks data to fool idiots like you shows eiher how lazy you are or how incapable you are of analyzing basic graphs that you should of learned in grade school.

    https://www.statista.com/statistics/188105/annual-gdp-of-the-united-states-since-1990/



    That is Gross Domestic Product. I hope basic grade school math taught you what a slope is and what rate of change is. Notice after the recovery from the 2008 crash the rate of change of GDP for the past 8 or so years has essentially been constant.
     
    Eric Riley likes this.
  9. AleksandarN

    AleksandarN Member

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    Eric Riley and dmoneybangbang like this.
  10. AleksandarN

    AleksandarN Member

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    You know what I find funny is that same article that he posted can be applied to a Trump as well since he hasn’t had a 3 percent growth in gdp either.
     
    fchowd0311 likes this.
  11. fchowd0311

    fchowd0311 Contributing Member

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    Yup there hasn't been sustained 3+ % gdp growth for an entire year for a long time.

    I also feel uncomfortable flashing gdp growth numbers as indicators of economic health for the average citizen.
     
    AleksandarN likes this.
  12. NewRoxFan

    NewRoxFan Contributing Member

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  13. Jugdish

    Jugdish Member

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    This is what conservatism has looked like for a long time.
     
  14. NewRoxFan

    NewRoxFan Contributing Member

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    Trump economist acknowledges impact of trade battles
    https://www.rte.ie/news/business/2020/0220/1116458-trump-trade-economist/
     
  15. NewRoxFan

    NewRoxFan Contributing Member

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    Probably not news... trump's economy benefits the most wealthy, and income inequality worsens under trump...

    American paychecks just aren't getting much bigger -- unless you're rich
    https://www.cnn.com/2020/02/20/econ..._content=2020-02-20T15:02:02&utm_source=twCNN
     
  16. Andre0087

    Andre0087 Member

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    S&P 500 falls 7%, triggering temporary stock-market trading halt

    The S&P 500 SPX, -7.051% fell 7% shortly after the opening bell Monday, triggering a so-called circuit breaker that halts stock-market trading for 15 minutes until 9:49 a.m. Eastern. If the benchmark index were to fall 13% on the day once trading resumes, it would trigger another 15-minute halt. Trading wouldn't halt if the decline occurred after 3:25 p.m. Eastern. A 20% drop in the S&P 500 would trigger what's known as a level three cirucit breaker, which would stop trading for the remainder of the day.


    https://www.marketwatch.com/story/s...ock-market-trading-halt-2020-03-09?mod=stocks
     
  17. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    Welcome recession.
     
  18. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    BURNING DOWN THE HOUSE
     
    Ubiquitin likes this.
  19. Ubiquitin

    Ubiquitin Contributing Member
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    Thanks Obama.

    I can already see Trump revamping his campaign slogan.
    MAGA II, electric boogaloo.

    Keep America Great Again not really applicable right now.
     
    Eric Riley, RayRay10 and REEKO_HTOWN like this.
  20. Hakeemtheking

    Hakeemtheking Member

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    Global recession.

    Sitting on dry powder. Will this play out like 2008 and take months to bottomed out after a couple of failed rallies?
     
    RayRay10 likes this.

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