Trump's Miracle Economy

Post Reply New Topic

Lowest unemployment in 50 years, Hispanic unemployment at record low, Black unemployment continuing at record low.


September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000

Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported Friday.

The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969. A more encompassing measure that includes discouraged workers and the underemployed also fell, declining 0.3 percent points to 6.9%, matching its lowest in nearly 19 years and just off the all-time low of 6.8%.

Stocks opened higher following the jobs report, with the Dow Jones Industrial Average up nearly 150 points.

Also, the jobless rate for Hispanics also hit a new record low, while the level for African Americans maintained its lowest ever.

https://www.cnbc.com/2019/10/04/jobs-re ... -2019.html

I read the article. It seems you selectively quoted the good parts and left out the bad parts.

It's hard to dishonestly inflate Dear Leaders achievements if you give the whole story.

Factcheck:



The current growth in jobs was directly attributable to policies enacted by Obama (refer above). Trump has been falsely trying to claim credit for trends that have nothing to do with his government.

Any negative gains during the Obama administration were Bush's fault. Any positive gains during the Trump administration were accomplished by Obama.

If the situation in the earliest days of Obama's administration was the fault of Bush, wouldn't it be reasonable to also claim that the situation in the earliest days of Trump's administration was the 'fault' of Obama? Similarly, Warren will be left to deal with the mess Trump caused and whoever follows her will get to deal with the results of her policies.

It isn't about negative vs positive, it's about how the president's policies aren't in place within minutes of being sworn in and the consequences of those policies take time to play out.

The negatives during the Obama era were blamed on Bush right up to 2016.
3 years into the Trump era all positives and no negatives are attributed to Obama.

By your logic two wrongs make a right??

Obama had longer in power to oversee changes that are directly attributable to lowering unemployment.

Obama planted the apple tree, watered it and it began to bear fruit. Trump is taking the credit when handing out the ripe apples from aforementioned tree...

"Two wrongs make a right" doesn't have anything to do with what I wrote.

Any criticism of Obama regarding the economy got blamed on Bush right up to 2016.

And accomplishments made by Trump get credited to Obama.

It is about a certain collective mindset that is amusing to see on display.

The most striking aspect of TRUMP's economy is *Wealth (asset) appreciation*.

So, by the logic being employed in this thread, the only way to actually find out if the orange man is doing anything good is to give him four more years and make a judgement about halfway though his successors first term?

Pet peeve of mine. Attributing economic trends to any particular administration. Both sides do this terribly. Obama's policies didn't cause the recovery, the recovery was happening whether he did anything or not. It's highly debatable whether his policies even helped or not.

For the record, Trump gets no credit either.

So I guess that Trump deserves credit for everything, then? Is that what you're saying? If that is not what you're saying, then why don't you ever criticize the Trump supporters for inflating his accomplishments?

The purpose of cyberdad and wowiexist's posts in this thread is to provide balance to the imbalance created by Darmok.

Interesting how you focused on criticizing cyberdad's post, with Darmok's post being an afterthought, despite the fact that Darmok's is the OP.

There's a two-fold reason for that:

1) As a libertarian I find certain schools of economic thought more dangerous than others. Simply put attributing the recovery to Obama's stimulus policies is more dangerous than attributing the current state of the economy to Trump's tax cuts. I will heavily criticize Trump's tariff policies, when they come up, but it seems even his defenders don't attribute the economy to those.

2) I find certain posters more reasonable than others. There are some that I just don't really engage with.