The Booming Trump Economy....or not

[mostpost]

Originally Posted by FantasticDan

If "business" supposedly favors repubs, it's odd that the stock market prefers them dems..

http://www.businessinsider.com/democ...eturns-2015-12

What your link tells us is that the stock market grows more than twice as fast under Democratic Presidents as under Republican Presidents. Which makes sense in as much as Democrats concentrate more on helping those who make the economy grower. That would be the workers and spenders; the people who make the products and the people who buy them.

[Inner Dirt]

Originally Posted by elysiantraveller

In theory jobs will tick up as well. Having a Republican Controlled federal government is going to have that effect on business owners. They are much more apt to spend because they are confident that the leadership is pro-business as opposed to the previous administration that wasn't.

Is it Trump? Yes and no. Anyone with a R next to their name would have had similar results so legislatively he hasn't done much yet but people are happy he isn't going to hurt them. *cough* ObamaCare *cough*

You still have to worry about liberal anti-business nonsense at the state and local levels. Just called a friend of mine in California as I wanted to off load some machine shop work. He needed a larger building, he decided to have one built, big mistake. As they do in California they move the finish line during the project, constantly. It ends up taking a year longer than originally estimated a lot of that because of city hall. Finally he believes he is ready to pass final inspection and has all equipment moved in wired up and is running test parts. Building inspector comes by tells him to stop all work that the landscaping on the property needs altered, grading and other BS. This crap was never previously mentioned. California does not like any manufacturing businesses, they have to be the worst state to have one in.

I once had a free standing metal storage building erected on ag zoned property back in California, the idiots wanted me to put fire sprinklers in and do percolation testing for it's "burden" on my septic system. Do note it was not going to have a bathroom or any running water.

[elysiantraveller]

Originally Posted by mostpost

What your link tells us is that the stock market grows more than twice as fast under Democratic Presidents as under Republican Presidents. Which makes sense in as much as Democrats concentrate more on helping those who make the economy grower. That would be the workers and spenders; the people who make the products and the people who buy them.

No...

It's taking a graph and drawing inaccurate conclusions from it. Anyone who has a grade school education on US history can explain those flucuations.

[mostpost]

Here is a list of Percentage of job growth by administration, starting with the largest growth down to the smallest-negative growth. I am providing the political party of the president at the time, but not the years. if you are interested, you can find that here:
https://en.wikipedia.org/wiki/Jobs_c...idential_terms
5.00% Democrat
4.97% Democrat

4.23% Republican.

3.90% Democrat
3.21% Democrat
2.93% Democrat
2.85% Democrat

2.80% Republican

2.64% Democrat
2.43% Democrat

Eight of the top ten are Democrat.

2.33% Democrat
2.23% Republican
2.13% Republican
1.85% Democrat

Eight of the bottom ten are Republican.
1.68% Republican
1.61% Democrat
1.47% Republican
1.34% Republican
0.87% Republican
0.45% Republican
0.24% Republican
0.23% Democrat
0.02% Republican
minus 5.41% Republican

Five of the six presidential terms with less than 1% job growth belong to Republican Presidents. Except for Obama's first term, no Democratic president had job growth worse than 1.6%

[reckless]

“Manufacturing employment rose by 36,000 in August,” the BLS (Bureau of Labor Statistics) said in its release today. "Job gains occurred in motor vehicles and parts (+14,000), fabricated metal products (+5,000), and computer and electronic products (+4,000). Manufacturing has added 155,000 jobs since a recent employment low in November 2016.”

Of those 155,000 manufacturing jobs added since last November, 137,000 have been added since last December.

In the last month of 2016, there were 12,343,000 people employed in manufacturing in the United States. In August, there were 12,480,000--accounting for the 137,000 gain in manufacturing jobs thus far this year.

This is the important number in the Jobs Report released today. Manufacturing industry jobs growth.

Real jobs have grown since Donald Trump became President unlike the phony part-time and silly gig jobs statistics used to dress up a failed 8 year Obama economy.

https://www.cnsnews.com/news/article...own-2000-local

[reckless]

Originally Posted by mostpost

Here is a list of Percentage of job growth by administration, starting with the largest growth down to the smallest-negative growth. I am providing the political party of the president at the time, but not the years. if you are interested, you can find that here:
https://en.wikipedia.org/wiki/Jobs_c...idential_terms
5.00% Democrat
4.97% Democrat

4.23% Republican.

3.90% Democrat
3.21% Democrat
2.93% Democrat
2.85% Democrat

2.80% Republican

2.64% Democrat
2.43% Democrat

Eight of the top ten are Democrat.

2.33% Democrat
2.23% Republican
2.13% Republican
1.85% Democrat

Eight of the bottom ten are Republican.
1.68% Republican
1.61% Democrat
1.47% Republican
1.34% Republican
0.87% Republican
0.45% Republican
0.24% Republican
0.23% Democrat
0.02% Republican
minus 5.41% Republican

Five of the six presidential terms with less than 1% job growth belong to Republican Presidents. Except for Obama's first term, no Democratic president had job growth worse than 1.6%

I check your Jimmy Carter and Barack Obama economies and raise you the Ronald Reagan and Donald Trump economies, OK?

[jimmyb]

Originally Posted by mostpost

Fake News. Phony. False. Pants on Fire

Hard to for me to accept an interior investigation of its own agency.

“And the Census Bureau, which does the unemployment survey, knew it. Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy. And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.”

"Now, you have to remember that one of the things that Obama did early on in his tenure was to put the Census under the control of the White House. People were puzzled why he would bother to do that, and maybe now we know exactly why."

"The reason why the unemployment rate would end up below 8% is because, historically, some statistic out there said that no incumbent president had ever been re-elected with the unemployment rate at 7.9 or 8% or higher — and the magic number was gonna be 8%."

https://www.rushlimbaugh.com/daily/2..._the_election/

[chadk66]

I cannot believe a liberal is going to claim the stock market does better under libs than R's when the stock market has exploded since Trump took office But by all means keep making yourselves look like complete dip shits.

[elysiantraveller]

Originally Posted by mostpost

...

I'm not going to debate this with you. Overall economic growth or decline has a lot more to do than whether or not the president has a R or D next to his name. Any survey or poll you will find right now asking investors why they are spending more almost unanimously states "business friendly administration."

You are looking at two and only two corresponding data points to support your conclusion when they aren't even that linked. Polls right now show they are but historically they don't.

When people get on here and hammer Obama on the national debt I'll happily point out with you his reductions in deficit spending to prove them wrong and will even argue Trump will be way worse for the debt.

But regardless of whatever erroneous conclusion you want to draw from that graph the data NOW clearly shows our economic boom is being fueled by optimistic investor confidence in a perceived business friendly administration.

#pointblankperiod

[elysiantraveller]

Originally Posted by chadk66

I cannot believe a liberal is going to claim the stock market does better under libs than R's when the stock market has exploded since Trump took office But by all means keep making yourselves look like complete dip shits.

Historically he's right it has. The level of correlation they have with eachother however is a entirely different story.

It's the equivalent of blaming/praising the president on the price of gas. Unless he is declaring war on Saudi Arabia or opening the national reserves he doesn't really control it that much and we all know that.

[FantasticDan]

Originally Posted by chadk66

I cannot believe a liberal is going to claim the stock market does better under libs than R's when the stock market has exploded since Trump took office But by all means keep making yourselves look like complete dip shits.

You just wrote that and accused other people of being dipshits?

You might want to look back at what the stock market did in the last years vs Trump's "explosion"

[elysiantraveller]

Originally Posted by FantasticDan

You just wrote that and accused other people of being dipshits?

You might want to look back at what the stock market did in the last years vs Trump's "explosion"

Again manipulating numbers to suit the narrative. Since 2007 the S&P has averaged slightly above 4.5% annually. That's 10 years and historically low regardless of president. Unless you want to place all the blame of the Sub-prine crises on GWB.

[mostpost]

Originally Posted by jimmyb

Hard to for me to accept an interior investigation of its own agency.

“And the Census Bureau, which does the unemployment survey, knew it. Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy. And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.”

"Now, you have to remember that one of the things that Obama did early on in his tenure was to put the Census under the control of the White House. People were puzzled why he would bother to do that, and maybe now we know exactly why."

"The reason why the unemployment rate would end up below 8% is because, historically, some statistic out there said that no incumbent president had ever been re-elected with the unemployment rate at 7.9 or 8% or higher — and the magic number was gonna be 8%."

https://www.rushlimbaugh.com/daily/2..._the_election/

This is the same thing you posted up thread except this time it's Limberger saying it. That does not make it any truer. quite the opposite.

[jimmyb]

Snopes, not most

http://www.snopes.com/everything-don...-accomplished/

[FantasticDan]

Originally Posted by elysiantraveller

Again manipulating numbers to suit the narrative. Since 2007 the S&P has averaged slightly above 4.5% annually. That's 10 years and historically low regardless of president. Unless you want to place all the blame of the Sub-prine crises on GWB.

By actual presidential term, the S&P saw an annualized gain of 16.4% under Obama. The Bush term was a loss at -30.6%.

Bill Clinton had an annual gain of 17.5%.

https://www.forbes.com/sites/nathanv.../#41f89bc416d1