stilldropin20 wrote:DCZards wrote:stilldropin20 wrote:is it significant that Obama average unemployment levels of 8% as high as 12%?
Where Trump has us at 4%
The unemployment rate the last two years of the Obama Administration never went above 5.7%. The unemployment rate the last 3 months of the Obama Administration never went above 4.9% and was 4.7% in December 2016. The rate for Dec. 2017 was 4.1%. So if you want to gloat over a .6% drop in unemployment since Trump took office go ride ahead.
Meanwhile, I'll gloat over the Obama Administration taking unemployment from 10% in 2009 to a low of 4.6% in 2016.
BTW, recent polls show that more Americans give more credit to Obama than Trump for our economy since most of the improvement took place during the 8 years that Obama was president.
Those quote Americans quote are the ones watching CNN MSNBC NBC ABC CBS ... and being lied to every single day by bills media organizations. They are doing everything they can to undermine and discredit this President and those idiots you are talking about those flaming idiots that follow that b******* they are somehow crediting Obama for this massive upswing under the Trump era.
This is Trump trump and more Trump. It's all Trump.
Trump campaigned on this tax reform for 18 straight months. This tax reform is almost exactly what he campaigned on for those 18 months. He told all his business friends as did mnuchin behind the scenes. And the markets reacted accordingly the day he won.
Ever heard of a PE ratio? If you cut a corporation's taxes by 14% from 35% to 21%. They look much better on paper. They're valuation increases. And that alone is the jump you see in the stock market.
But then confidence jumped as well. Rocket fuel.
And manufacturing jobs came back. Which means infrastructure sectors are increasing.
It's compounding and exploding rapidly.
All under Trump and all because of Trumps policies and optimism and ability to sell the American economy to foreign investors and American investors who had their money overseas. 8 trillion!!
I feel so sorry for nate that his "ally" in this thread is you, stillpoopin, I really do.
There's been no "massive upswing" -- the economy continues to move along as it has for some years.
There's no need to do anything to "discredit" Donald Trump -- he does it all on his own.
Now here's one that might require you to do some basic thinking; lets see if you are up to it -- the current tax bill hasn't cut corporate
taxes from 35% to 21%; it's cut corporate
tax rates. US tax laws are notable for their complexity especially in the area of deductions. IOW, a tax "rate" doesn't directly translate into taxes paid. There's no data yet on what corporations will wind up paying under the new law. I'm not doubting they'll pay a little less -- don't get me wrong.
Your idea that these tax changes will have a significant effect on PE ratios shows the same ignorance. A really colossal ignorance --
when a stock price goes up, what effect does that have on the company's PE ratio, do you think?
The idea of an effect on "valuation" is even more of an invention.
The notion, moreover, that jumps in corporate valuation have fueled the stock market rise is more of that same 'poopin' you like to do. In essence, it's backwards.
Something that hasn't happened can't really "compound" either -- not to mention "explode."
As to the idea that $$ held abroad has started to flow back into the US, really..., you must be out of your mind. Nothing of that kind has happened.
Finally "manufacturing jobs came back" -- oh yeah. I think there are 25000 more people working in manufacturing than a year ago. Of course a year ago I think there were more working in manufacturing than the previous year....
In fact, job growth continues modestly as it has for years. & no monthly rise under Trump has equalled any of the top ten months of job growth under Obama.
The point isn't that this is Trump's fault in any sense. No President can affect the core issues driving economic growth on his own.
You claim to have a Phd, don't you? I'd love to see your thesis, good God....
