Trump admits the economy is good, says it's because of him
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  Trump admits the economy is good, says it's because of him		 « previous next »
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Author Topic: Trump admits the economy is good, says it's because of him  (Read 1216 times)
wbrocks67
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« on: January 29, 2024, 02:34:47 PM »
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Joe Kakistocracy
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« Reply #1 on: January 29, 2024, 02:46:41 PM »
I love the continuing habit of ALLCAPS in his posts.  It really reinforces the "old man yells at cloud" vibe he has always given off as his faculties continue their free fall.
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President Johnson
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« Reply #2 on: January 29, 2024, 02:47:11 PM »
The guy also said the stock market would crash under Biden:
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Lief 🗽
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« Reply #3 on: January 29, 2024, 02:57:57 PM »
Former president Trump was gifted the very strong, very beautiful Obama Economy, and due to his incompetence and the nationwide lockdowns that he oversaw, he destroyed it, going down in history as the second worst president on the economy, only behind literally Herbert Hoover.

Meanwhile, President Biden inherited the wreckage of the Trump Economy, and in less that four years has rebuilt it into the greatest economy in the world, and perhaps in American history.

No wonder Trump is jealous!
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Redban
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« Reply #4 on: January 29, 2024, 03:01:19 PM »
Quote from: President Johnson on January 29, 2024, 02:47:11 PM
The guy also said the stock market would crash under Biden:

[twet]https://twitter.com/JoeBiden/status/1735753851456663799[/twet]

We did have a big bear market in 2022
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Pericles
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« Reply #5 on: January 29, 2024, 03:52:39 PM »
Now it's not just Jack Smith that has him waking up in fear but also the upcoming jobs reports.
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Duke 🇺🇸
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« Reply #6 on: January 29, 2024, 04:02:50 PM »
It's always easy to tell when Trump is rattled because he uses all caps in his social media posts
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Averroës
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« Reply #7 on: January 29, 2024, 04:33:37 PM »
This isn't a bad benchmark for calling a "soft landing," if you haven't yet.
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Mr.Bakari-Sellers
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« Reply #8 on: January 29, 2024, 05:29:52 PM »
It was 9 percent in the was always gonna take credit but he lost when unemployment was inflated
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Mr.Bakari-Sellers
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« Reply #9 on: January 29, 2024, 05:31:38 PM »
Quote from: wbrocks67 on January 29, 2024, 02:34:47 PM


How much is homelessness 10 percent how many people are impoverished only 20/200 M whites compared to 50/132 M blks and Latinos
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GeorgiaModerate
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« Reply #10 on: January 29, 2024, 07:02:44 PM »
riverwalk3 in shambles.
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Podgy the Bear
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« Reply #11 on: January 29, 2024, 07:10:37 PM »
There is plenty of money to be made legitimately. 

There's no magical formula.  Plenty of jobs out there (and if you want/need to have more than one, that's fine), good investment opportunities--and don't spend recklessly--and it'll be okay.
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Mr.Bakari-Sellers
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« Reply #12 on: January 29, 2024, 07:47:35 PM »

Riverwalk doesn't believe J6 hurts TRUMP
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BlueSwan
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« Reply #13 on: January 30, 2024, 03:26:41 AM »
It might work.

The MAGA cultists who now believe that the economy is terrible because of Biden, will instantky believe that the economy is great because of Trump come february 2025 with Trump in the white house. If Trump tells them right now that the economy is really great and it is because of him, they will believe it.
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Progressive Pessimist
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« Reply #14 on: January 30, 2024, 05:36:20 PM »
That's a nice way to change the narrative for Biden: "my economy is being run so well, Trump wants to take credit for it."
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indietraveler
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« Reply #15 on: January 30, 2024, 10:22:57 PM »
Quote from: Fmr. Pres. Duke on January 29, 2024, 04:02:50 PM
It's always easy to tell when Trump is rattled because he uses all caps in his social media posts

Imagine being that rattled every day...
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The Economy is Getting Worse
riverwalk3
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« Reply #16 on: January 30, 2024, 11:41:11 PM »
We got over 20000 layoffs announced today.
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ralstonfan65
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« Reply #17 on: January 31, 2024, 12:14:29 AM »


in a civilian labor force of 167.5MM, lol

Probably just as many people were hired today
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The Economy is Getting Worse
riverwalk3
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« Reply #18 on: January 31, 2024, 08:46:46 AM »
Quote from: ralstonfan65 on January 31, 2024, 12:14:29 AM


in a civilian labor force of 167.5MM, lol

Probably just as many people were hired today
Hiring rate is around 2014-2015 levels now. 20000 jobs per day = 7.3M jobs per year, which is a lot.
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GeorgiaModerate
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« Reply #19 on: January 31, 2024, 09:48:04 AM »
Quote from: Free markets, peace, prosperity on January 31, 2024, 08:46:46 AM
Quote from: ralstonfan65 on January 31, 2024, 12:14:29 AM


in a civilian labor force of 167.5MM, lol

Probably just as many people were hired today
Hiring rate is around 2014-2015 levels now. 20000 jobs per day = 7.3M jobs per year, which is a lot.

And are there 20K layoffs being announced every day?  If not, then your extrapolation to 7.3M per year is an extraordinarily dumb extrapolation.
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The Economy is Getting Worse
riverwalk3
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« Reply #20 on: January 31, 2024, 10:20:09 AM »
The bank that bought up SVB after it failed reported unexpected losses today; stock down 44%.
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Sprouts Farmers Market ✘
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« Reply #21 on: January 31, 2024, 10:24:07 AM »
Quote from: Free markets, peace, prosperity on January 31, 2024, 08:46:46 AM
Quote from: ralstonfan65 on January 31, 2024, 12:14:29 AM


in a civilian labor force of 167.5MM, lol

Probably just as many people were hired today
Hiring rate is around 2014-2015 levels now. 20000 jobs per day = 7.3M jobs per year, which is a lot.

There has in fact never been a year with as few as 7 million layoffs.
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The Economy is Getting Worse
riverwalk3
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« Reply #22 on: January 31, 2024, 10:26:07 AM »
Quote from: Sprouts Farmers Market ✘ on January 31, 2024, 10:24:07 AM
Quote from: Free markets, peace, prosperity on January 31, 2024, 08:46:46 AM
Quote from: ralstonfan65 on January 31, 2024, 12:14:29 AM


in a civilian labor force of 167.5MM, lol

Probably just as many people were hired today
Hiring rate is around 2014-2015 levels now. 20000 jobs per day = 7.3M jobs per year, which is a lot.


The numbers have changed significantly from the start of 2023 to the end. Look at Jolts data - the hiring/quits have tightened significantly.
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Beet
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« Reply #23 on: January 31, 2024, 10:41:06 AM »
Jerome Powell is a Republican (I don't know why Democratic presidents keep appointing Republican Fed Chairs; the Democrats have only occupied the Fed Chairmanship for 4 out of the 36 years since 1987; Republicans never reciprocate).

The fear is that his aim is to keep interest rates just high enough to get Trump re-elected, and the start cutting once the economy has already weakened and its too late.
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MarkD
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« Reply #24 on: January 31, 2024, 11:00:39 AM »
The economy is "good"?!? Inflation is worse than I have ever seen in my life!
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