• Welcome to Religious Forums, a friendly forum to discuss all religions in a friendly surrounding.

    Your voice is missing! You will need to register to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Our modern chat room. No add-ons or extensions required, just login and start chatting!
    • Access to private conversations with other members.

    We hope to see you as a part of our community soon!

CNN admits “Trump's right: The economy is doing well and he deserves some credit”

Revoltingest

Pragmatic Libertarian
Premium Member
I'll be honest, I haven't delved deep into it. Been focusing on school work last few months. But don't worry! I will form a strong, ill-informed opinion shortly. :p
The difficulty is making a causal connection between policy & results.
Example....
Trump's policies towards Israel, the Palestinians, & Iran will evolve,
& the full effect might not be seen til long after he's gone. Such was
Reagan's meddling there.
 

Riders

Well-Known Member
Trump's right: The economy is doing well and he deserves some credit

The economy is doing well and Trump deserves some credit - CNNPolitics


Nobody has denied there has been a surge of new jobs,unemployment is at a new high. But the trade wars could cause trouble to our economy and Trump is not looking towards the future 5 or 10 years down the road, where out economy will be.

He has ran up the debt to a scary high.

So no i do not deny unemployment is at a high, but that does not male the economy good. What has he done for the debt.

Why the thread as if this is a shock, Ive been talking weeks about the job rate;
YAWNS!
 

1robin

Christian/Baptist
Trump deserves credit here but let's be honest, it didn't start with him. He inherited a good economy from Obama. Trump deserves credit for continuing the trend.
Obama's "recovery" was the slowest of any post war president in US history. That is despite the fact he started out by writing a $700 billion plus check and the employment still didn't improve for years.
 

Revoltingest

Pragmatic Libertarian
Premium Member

Sha'irullah

رسول الآلهة
Is money in your pocket the only thing that counts, especially as it's being taken away from others, including our children and grandchildren through the ramping-up of the deficit by an estimated $1-1.4 trillion over the next 10 years?

Money in my pocket is not the only thing that counts although what really matters is a foreseeable future for every human being. A life worth living for and a society where we can be judged by our actions and not by our thought. Where we can thrive as humans with human needs.

That is why I don't like Obama and Sanders, they are fundamentally against such values.
 

Riders

Well-Known Member
Money in my pocket is not the only thing that counts although what really matters is a foreseeable future for every human being. A life worth living for and a society where we can be judged by our actions and not by our thought. Where we can thrive as humans with human needs.

That is why I don't like Obama and Sanders, they are fundamentally against such values.


So is Trump he is a greedy elitist money worshiping grubbing got to make his billions off his business while serving his country scrooge.
 

suncowiam

Well-Known Member
Obama's "recovery" was the slowest of any post war president in US history. That is despite the fact he started out by writing a $700 billion plus check and the employment still didn't improve for years.

Did he not endure one of worst recessions in 2008 and then raised the econony.

By the end of his eight years, unemployment was as low as it is now.

Of course, he doesn't have a better economy than Trump because he was fixing what Bush did. The question that would settle this is if Obama still being office today would have a better economy than Trump. That is the fair comparison. Again, in a previous comment, you have you view the rate of change or what we call differential in calculus.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Did he not endure one of worst recessions in 2008 and then raised the econony.

By the end of his eight years, unemployment was as low as it is now.

Of course, he doesn't have a better economy than Trump because he was fixing what Bush did. The question that would settle this is if Obama still being office today would have a better economy than Trump. That is the fair comparison. Again, in a previous comment, you have you view the rate of change or what we call differential in calculus.
Presidents don't govern alone, & they cannot just make the economy perform tricks.
To give one blame or credit, one cannot simply look at economic indicators during
their administration. One must examine what they did, & determine consequences.
This applies to all, regardless of party affiliation. I see reasons why Bush & Obama
both savaged the economy. Trump is still a work in progress....too early to judge.
 

1robin

Christian/Baptist
But worse is that the slowness is attributable to the administration's policies,
eg, no relief for homeowners, taxing borrowers who refinance troubled loans.
Of course, this involves Congress, not just Obama & Bush.
Of course there are more people involved than just the presidents. You can see a video of the republican senators warning congress about the housing bubble years before it burst and democrat after democrat saying that the republican were fear mongering and that the housing situation was just fine. Those same idiots turned around and tried to blame the same people that tried to warn us all when the bubble burst. Your right that it is more complex than two people but as they themselves said the buck stops with the president.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Of course there are more people involved than just the presidents. You can see a video of the republican senators warning congress about the housing bubble years before it burst and democrat after democrat saying that the republican were fear mongering and that the housing situation was just fine. Those same idiots turned around and tried to blame the same people that tried to warn us all when the bubble burst. Your right that it is more complex than two people but as they themselves said the buck stops with the president.
I say the buck is spread around, but the Prez has more influence than any other individual.
 

1robin

Christian/Baptist
Did he not endure one of worst recessions in 2008 and then raised the econony.
He ought to have he spent enough money to have cut quite a sizable check for an entire years salary to every family still out of work years after his round after round of spending money to bail out the entities that caused the problems to begin with. It's hard to spend trillions without improving the economy some but Obama came close to doing so but don't worry about it yourself it is your grand kids that will have to actually pay the money back.

By the end of his eight years, unemployment was as low as it is now.
No it wasn't, especially in the minorities sector. Our unemployment numbers are setting records right now that go back to Reagan and even much further.

Of course, he doesn't have a better economy than Trump because he was fixing what Bush did. The question that would settle this is if Obama still being office today would have a better economy than Trump. That is the fair comparison. Again, in a previous comment, you have you view the rate of change or what we call differential in calculus.
Bush didn't create the housing bubble Carter and Clinton did. Obama did have to dig himself out of the whole that others created but it is hard to imagine a more feeble attempt at doing so. He was the first president to preside over a lowering of our credit rating. If you just took that first $700 billion stimulus that was completely wasted you could have paid a descent salary to every out of work family in America at the time. People have lost their fear of words like "trillions" these days. This is spending on a scale that is impossible to recover from (and I blame both sides for that). Did you know that there is not enough money on earth right now to pay off our debt? We got one last chance to get out of this monetary noose. We have enough untapped natural resources that if we used every dollar from them to pay off our debts we might stand a chance but mark my words, they will use that largely untapped source of revenue for new spending instead of paying of the mountain of debts we already have. There is a great trap to politics. You don't get elected promising to take away stuff so everyone promises the moon to get elected and so at least a few of all those programs gets implemented but none of them will ever be taken away until we collapse entirely.
 

1robin

Christian/Baptist
I say the buck is spread around, but the Prez has more influence than any other individual.
Well, it is hard not to focus your resentment on the head honcho but I definitely place more guilt on the left side of the isle than the right. Have you ever seen that hearing years before the housing bubble burst where the conservatives are trying everything they can think of to warn the left and getting nothing but dismissal and scorn?
 

Revoltingest

Pragmatic Libertarian
Premium Member
Well, it is hard not to focus your resentment on the head honcho but I definitely place more guilt on the left side of the isle than the right. Have you ever seen that hearing years before the housing bubble burst where the conservatives are trying everything they can think of to warn the left and getting nothing but dismissal and scorn?
I haven't paid attention from that party perspective.
 

suncowiam

Well-Known Member
Presidents don't govern alone, & they cannot just make the economy perform tricks.
To give one blame or credit, one cannot simply look at economic indicators during
their administration. One must examine what they did, & determine consequences.
This applies to all, regardless of party affiliation. I see reasons why Bush & Obama
both savaged the economy. Trump is still a work in progress....too early to judge.


I agree but the issue with trying to find isolations in social science is that it is usually not correlated to a single factor. Plus, everyone here is speculating as far as I'm concerned when pointing to actual bills and laws. Even professional economists disagree with each other on cause and they rarely ever are able to prove it. That shows you how of "black box" national economies can be. The only pure correlation is leadership and ownership.

If you think it's too early to indicate Trump as a factor then that suggests Obama's policies are still in effect. The only thing we can say is the economy is due to either Trump's or Obama's policies or a combination of both.
 
Top