Winning...the economy under Trump - page 12

Despite the doomsday predictions after the election, the economy is roaring. "The Bureau of Labor Statistics released its newest jobs report on Friday, and the data clearly show, under the... Read More

  1. by   MunoRN
    Quote from itsybitsy
    So, I'm wondering, when does Obama's successes on the economy start to actually reflect Trump's doing? As in, how long does it take before the economy under Trump starts to show, that it's Trumps economy?
    I think it depends on the action, policy change, etc that affects the economy and who was responsible for that. And continuing policies that help the economy should count for at least some credit. For instance, the effects of a rapidly increasing debt would fall to Trump and republicans, the effects of deregulation (which really still has yet to happen) would fall to Trump and republicans, had they gone through with it, the effects of massive cuts to medicare and Medicaid would have fallen to Trump and republicans, so it depends on what exactly we're talking about regarding the economy.
  2. by   Tweety
    So I'm grown enough to know the stock market has ups and downs. But I can't help but grimace when I remember Trump talking about one record day after another. He can add another record: "With Monday's steep fall, Trump has presided over the biggest stock market drop in U.S. history, when measured by points in the Dow Jones industrial average."

    When I met with my retirement advisor the other week he talked of an inevitable "adjustment" that people were predicting later on this year, perhaps in the summer. Maybe this is it. But so far I've seen $14K loss from my funds. Those are the risks. It just means for now I can get stocks at a lower price, and hopefully there's time before I retire to recoup.

    Trump and Republicans discover the perils of touting the stock market
  3. by   kbrn2002
    If the economy is booming I'm sure not seeing it where I live. Wages are going up! Well, not mine. Wages are the same but insurance went up so much I'm bringing home less than I made last year.

    Sure, there's plenty of jobs available. As long as you don't mind working 2 or three of them to make enough to live. We are sure not in a low enough cost of living area for a family to make it on an $11.00/hr job and most of the job openings around here don't even start at that. The overall economy hasn't been strong enough to attract the workers that are needed for the limited skilled positions that are open and that do offer good wages. We are less than 150 miles away from a major metropolitan area that has housing costs not much higher than ours but what they do have is multiple jobs with higher pay and all the amenities that being in or close to a big city offers.

    The concept of affordable housing is getting to be a joke. Sure, there's plenty of housing available if you can afford to buy but if you need to or just prefer to rent the cost of housing has about doubled in the past 10 years. A local push to build housing pretty much only added expensive condo's and townhouses that are sitting empty because nobody that can actually afford them wants to live in one. Most people around here that can afford and want to buy are looking for an actual house, with a yard, without noisy neighbors or rules on how you must behave in your own house. Some of those units are finally converting to rentals but the rent is way to high for most people around here to pay. There's plenty of housing available to buy, so for the most part people that can afford $1200.00/month for housing and don't plan to move anytime soon are buying instead of renting.

    If the economy is actually booming, it's booming elsewhere.
  4. by   itsybitsy

    These economic polls show that the American people seem to be coming to terms with the fact that they may not like Trump personally, but they do like his track record on the most crucial issue: the economy. This is literally the "competency over likability" winning formula.
    "Yes, he's competent, but we still don't like him."
  5. by   Tweety
    Quote from itsybitsy

    "Yes, he's competent, but we still don't like him."
    Like the article says history does show that competency overrules likability.

    Certainly, giving him credit in a vitally important area like the economy certainly doesn't mean people think he's competent in all areas.

    Still with the Great Recession so recent on people's minds, it's really feels good to have some good news. I wish him continued success in this area.

    It is interesting to see what people are giving him a pass for, especially when the Obama's were fried for things like wearing a tan suit or a sleeveless dress, as long as the economy is good. Making up things in Tweets while accusing media as being the wins that are fake, spending tax dollars in rates higher than other presidents for his golfing, 16 women accusing him of sexual harassment, saying there are "good people" at a racist march, people leaving the White House in record numbers, on and on and problem because the economy's good.
    Last edit by Tweety on Feb 13
  6. by   MunoRN
    Quote from itsybitsy

    "Yes, he's competent, but we still don't like him."
    I'm not exactly where you found that quote, but it's not a particularly accurate representation of the article you provided.

    The key part of the article, is that Trump's supporters at least for now support him based on "perceived competency", not actual competency. So long as the pre-Trump status-quo continues, he's get credit that status-quo. And this is were Trump could potentially get into trouble. At least so far, his attempts to enact policy have been far from what could be described as "competent", and the majority of which have failed catastrophically.

    One problem he may face is that at points where his progress is evaluated (midterms and reelection), there is often a comparison of his promises vs what he's delivered, so let's review:
    "Mexico will pay for a wall". If anything, it's only become more apparent that this isn't going to happen, and that he never had any idea how he would accomplish this.
    Repeal and replace Obamacare: Aside from the fact that he never had a coherent policy position on healthcare, he supported a healthcare plan that directly contradicted many of his campaign promises on healthcare, and even then he couldn't get a bungled policy position through a Republcian house and senate that has had repeal and replace on the top of their to-do list for the past 7 years.
    And the one that might really get his is the economy. Recessions happen ever decade or so no matter what, there's no getting around them, what can be controlled is their severity. What makes recessions potentially catastrophic instead of just an annoyance is primarily based on controllable economic factors, namely interest rates and the strength of the dollar. By giving massive amounts of money to those who don't really need it and adding that amount against our already large debt, he's essentially choosing to make the next recession far worse than it would be otherwise, if that happens during an election cycle then actual competence will replace perceived competence.