Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Today's Posts Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » Political Threads

Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
Thread Tools Rate Thread Display Modes
Old 08-22-2020, 10:06 PM   #1
detbuch
Registered User
 
Join Date: Feb 2009
Posts: 7,725
Quote:
Originally Posted by spence View Post
Longest run job growth ever. Obama’s GDP the last three years stronger than Trumps. Keep shoveling.
Posted from my iPhone/Mobile device
Obama's RECOVERY stats, including GDP, were well below, on average, the recoveries from previous recessions/depression. Those in the past averaged well above or close to 4% GDP during recovery.

So Obama's comparatively anemic recovery took a lot longer to get above water, so to speak. And once achieving that point, it would be harder to maintain a 2 to 3% growth in GDP than it would from a recession low. 2-3% rise from a broken economy is not much growth, but the same percentage growth from a more stabilized economy is more difficult to sustain without actually significant expansion in the economy. To maintain similar growth of 2-3% after that, under Trump, would actually be the ideal growth rate from a "stable" economy, which would be more difficult to do than from a recession economy, so would be far more significant than Obama's similar numbers.

Also, it appears that different analysts have different numbers. Here's this from the FEE:

"That being said, Puzder has a compelling indictment of Obama’s performance:

'During a typical recovery, the economy grows at a rate between 3% and 4%, and the Obama administration predicted such a surge in its 2010 midsession review. It never came. The “recovery” of those years often felt much like a recession.'

"Amen. This echoes my criticism of Obamanomics. He made the US a bit more like Europe, so it’s no surprise that growth was weak.

"Let’s now look at Puzder’s evidence that Trump has done a better job. He compares the end of the Obama economy with the beginning of the Trump economy:

"GDP growth staggered along at 1.5% in Mr. Obama’s final six full quarters in office. …growth doubled to 3% during Mr. Trump’s first six full quarters. …the increase in job openings over Mr. Trump’s first 21 months has averaged an impressive 75,000 a month. Over Mr. Obama’s last 21 months in office, the number of job openings increased an average of 900 a month. …During Mr. Obama’s last 21 months, the number of employed Americans increased an average of 157,000 a month. Under Mr. Trump, the increase has accelerated to 214,000 a month, a 36% improvement. …In Mr. Obama’s final 21 months, weekly earnings rose an average of $1.31 a month. Under Mr. Trump, weekly earnings have increased an average of $1.84 cents a month: a 40% improvement that’s come mostly since tax reform took effect in January. Over that period, weekly earnings have grown an average of $2.31 a month, a 76% increase over Mr. Obama’s last 21 months. …The unemployment rate declined 13% during Mr. Obama’s last 21 months, but from there it has dropped another 23% during Mr. Trump’s tenure.'"
detbuch is offline  
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:05 PM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com