An Inconvenient Truth

An Inconvenient Truth

Obama had a fucking amazing economy.

Luckily Trump hasn't managed to fuck it up yet.

pic related tells the story

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cato.org/publications/commentary/new-commanding-heights
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Presidents don't control the economy, you fag.

so stop acting like Trump is a goddamn wizard for merely not fucking it up

>nearly zero accomplishments so far

All those part time jobs, amazing!

I'm not acting like anything, retard. Presidents have zero control over the economy.

Being this retarded

Do you even know how insane you sound?

>jobs

let's talk jobs

>Obama had a fucking amazing economy.

We used to lobotomize you people.

I showed the data. Put up or shut up.

>Please step away from the Fox News. It has rotted your brain with propaganda

start giving stats or proof or shut the fuck up

you think Obama had a horrible economy because that's what they tell you all day long on Fox "News".

Look at the data. It proves otherwise.

Liberalism is a mental illness.

you say that as if you think you made a point. you did not. if you think you do, use your words. as I tell me 3 year old.

1) Presidents don't control the economy, they merely influence it.

2) Stock markets =/= 'the economy'. The stock market only represents investors' perceptions of the segments of the economy in which you can invest through traded equity instruments.

3) You have to look at the story behind the graph. The first drop in 2000 is because the dotcom bubble burst; investors didn't understand online business models and were overly confident. The second drop in 2008 is because people had been too confident that real estate prices would keep appreciating over and over, and when interest rates rose, they defaulted and it was compounded because of banks' high leveraged through derivative contracts with mortgages as underlying. Now, most economists and investors didn't predict both drops beforehand so it is dishonest to say that the president/government should have. It is also highly doubtful that Clinton or Obama would have.

Rather than the stock market, you should look at macro indicators like GDP, federal debt, wages / purchasing power and unemployment.

Obama (inheriting a crisis so there is always a rebound, economy is cyclical) had weakest recovery in recent history, strongly increased debt, created some jobs but low quality ones (part time and in shitty sectors like barrista jobs, unemployment decreased but participation rate dropped) and wages / purchasing power stagnated or even decreased especially for the poorest.

Also you should look at the impact of Obama's legacy measure like Dodd-Frank and Obamacare. Obamacare is a disaster which massively rose premiums and insurers are exiting the dead marketplaces. Dodd Frank is killing small community banks who dont have the scale to meet capital requirements and pay huge compliance departments, and is therefore consolidating the banking industry instead of ending this "too big to fail" nonsense.

so what's the point you're making?
>Obama had a good economy
and? the president BARELY affects the economy
>trump will eventually fuck up the economy
see second half of the last point
OP whatcha tryin to say?

Bush gets to thank Clinton for that tank.

Did Obamaleaf finally run out of money for an IP??

The "Trump effect" on the stock market is partly attributable to Trump's agenda of reducing taxes (increases the bottom line) and increasing spending on defence and infrastructure.

worst recovery post ww ii, more people on food stamps than ever before, doubled national dept, increasing the debt by more than all other president combine. but corporate profits were up so the stock market was up. why did Trump get elected again?

bullshit, President Obama kicked the can down the road via Quantitative Easing policies

No President has fixed our broken Commanding Heights

We need to return to Tariffs, plain and simple.

>stocks=economy
>what is QE?

>stagnation his entire second term
>"Amazing" economy

Pick one.

>stocks determine the economy


Fuck off

Mr. Kling has an accurate analysis on our two biggest Commanding Heights that are out of control

Education and Healthcare

cato.org/publications/commentary/new-commanding-heights

Obamacare was a bust that used HUD and other funding to buy votes

– The government sponsored enterprises (GSEs) were not in the dire financial condition initially assumed by policymakers when the Housing and Economic Recovery Act was enacted in 2008.

– As early as 2010, ideological determination to turn over the GSEs’ mortgage securitization function to the private sector (dominated by large banks) drove policy, even as officials readily acknowledged this could mean higher borrowing costs – and therefore less accessible homeownership.

– The sudden implementation of the Net Worth Sweep in August 2012 occurred as the Administration and Congress were at odds about the national debt and spending priorities.

– When investors sued the government for going beyond its authority under HERA and engaged in the unconstitutional taking of private property, the government pushed back hard. In one lawsuit, the government embarked on an unprecedented quest to wall off thousands of documents related to the Sweep.

Obama created a fake recovery, pretty obvious

>starts obamas line when he got elected
>starts trumps after he is sworn in

>look, (((their))) rigged casino is winning when their niggers are in office?

Literally this.