'We will be back in some form,' Trump vows at end of tumultuous presidency

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1 hour ago, ExpatOK said:

I'll answer that. From the official US government archives:

 

Unprecedented Economic Boom

 

Before the China Virus invaded our shores, we built the world’s most prosperous economy.America gained 7 million new jobs – more than three times government experts’ projections.

 

Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.

 

The unemployment rate reached 3.5 percent, the lowest in a half-century.

 

[and much more]

 

https://trumpwhitehouse.archives.gov/trump-administration-

accomplishments/

 

 

 

 

 

The trump white house archives is your source of information? Because it's absolutely non partisan? Laughable.

 

Trump’s Shaky $5,000 Boast

By Brooks Jackson

Posted on November 6, 2019

President Donald Trump is on shaky ground when he claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office. That turns out to be based on an erratic series of estimates drawn from a government survey that isn’t even designed to measure income.

To be sure, incomes have risen substantially since Trump took office.

https://www.factcheck.org/2019/11/trumps-shaky-5000-boast/

This estimate and the later ones are based on the work of Stephen Moore, a guy who has repeatedly demonstrated his incompetence and/or dishonesty:

Why one editor won’t run any more op-eds by the Heritage Foundation’s top economist

 “I won’t be running anything else from Stephen Moore.”

So says Miriam Pepper, editorial page editor of the Kansas City Star—and not just because she’s retiring this week. Pepper’s no-Moore stance comes after her paper discovered substantial factual errors in a recent guest op-ed by Moore, the chief economist at the conservative Heritage Foundation.

https://archives.cjr.org/united_states_project/stephen_moore_heritage_foundation_paul_krugman_kansas_city_star.php

 

CONGRESS

Trump’s pick for Federal Reserve had hand in creation of Brownback tax ‘experiment’

President Trump’s likely nominee for the Federal Reserve’s board of governors helped shape the deep tax cuts that were blamed for years of budget shortfalls under former Gov. Sam Brownback.

https://www.mcclatchydc.com/news/politics-government/congress/article228480929.html

 

Those tax cuts turned out to be a disaster. On the bright side, they did end Sam Brownback's political career.

 

 

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1 hour ago, ExpatOK said:

I'll answer that. From the official US government archives:

 

Unprecedented Economic Boom

 

Before the China Virus invaded our shores, we built the world’s most prosperous economy.America gained 7 million new jobs – more than three times government experts’ projections.

 

Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.

 

The unemployment rate reached 3.5 percent, the lowest in a half-century.

 

[and much more]

 

https://trumpwhitehouse.archives.gov/trump-administration-

accomplishments/

 

 

 

 

 

This comments lauding Trump's 

 

1 hour ago, ExpatOK said:

I'll answer that. From the official US government archives:

 

Unprecedented Economic Boom

 

Before the China Virus invaded our shores, we built the world’s most prosperous economy.America gained 7 million new jobs – more than three times government experts’ projections.

 

Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.

 

The unemployment rate reached 3.5 percent, the lowest in a half-century.

 

[and much more]

 

https://trumpwhitehouse.archives.gov/trump-administration-

accomplishments/

If you follow the link, you'll notice the claims are qualified by being about the time before the Covid Virus. Which would be fair enough except that it doesn't note that Obama inherited the worst economic recession since the Great Depression of 1929.  So incomes actually declined at first under the Obama administration. (Republicans made it worse by refusing to support the kind of emergency spending that the Democrats supported after Covid struck the USA.) A far fairer comparison would be the 2nd term of Obama and the first 3 years of the Trump administration.

https://tradingeconomics.com/united-states/gdp

(2012 and 2020 cropped out)

Also to be noted that the highest year of GDP growth was for 2018, That was from the sugar high of big increases in federal spending and the tax cuts. For 2019 the growth rate dropped to 2.3%.

 

[ExpatOK]

2 hours ago, Jeffr2 said:

I quit following anything from the Trump administration when they said his inauguration crowd was bigger than Obama's.

How about joe_i's inauguration; how big was that? 80 million people show up?

[candide]

1 hour ago, placeholder said:

This comments lauding Trump's 

 

If you follow the link, you'll notice the claims are qualified by being about the time before the Covid Virus. Which would be fair enough except that it doesn't note that Obama inherited the worst economic recession since the Great Depression of 1929.  So incomes actually declined at first under the Obama administration. (Republicans made it worse by refusing to support the kind of emergency spending that the Democrats supported after Covid struck the USA.) A far fairer comparison would be the 2nd term of Obama and the first 3 years of the Trump administration.

https://tradingeconomics.com/united-states/gdp

(2012 and 2020 cropped out)

Also to be noted that the highest year of GDP growth was for 2018, That was from the sugar high of big increases in federal spending and the tax cuts. For 2019 the growth rate dropped to 2.3%.

 

For indicators such as GDP, employment, income etc... The curves under Trump are more or less corresponding to an extrapolation of curves under Obama. The only difference is that it has been obtained thanks to more debt.

https://www.washingtonpost.com/gdpr-consent/?next_url=https%3a%2f%2fwww.washingtonpost.com%2fpolitics%2f2019%2f02%2f13%2fdespite-his-pre-election-hype-trumps-piling-debt-president%2f

Edited February 1, 2021 by candide

[candide]

9 minutes ago, ExpatOK said:

How about joe_i's inauguration; how big was that? 80 million people show up?

Oh the dishonest comment!????

Was there a pandemic in 2017?

[placeholder]

1 hour ago, ExpatOK said:

How about joe_i's inauguration; how big was that? 80 million people show up?

If Biden had Trump's level of respect for facts, I wouldn't have been at all surprised if that's what he claimed.

Edited February 1, 2021 by placeholder

[Scott]

7 hours ago, ExpatOK said:

How about joe_i's inauguration; how big was that? 80 million people show up?

The Biden inauguration was not open to the public, however:

 

According to Nielsen, 33.8 million people watched Biden’s inauguration between 10 a.m. and 4 p.m. on Jan. 20, the third-highest viewership of any presidential inauguration in the past 40 years.

 

https://www.usatoday.com/story/news/factcheck/2021/01/28/fact-check-joe-bidens-inauguration-viewership-ranks-3rd-since-1981/4302498001/

 

But since the topic isn't about Biden's inauguration, we will move on or posts will be removed. 

 

[Jeffr2]

17 hours ago, ExpatOK said:

How about joe_i's inauguration; how big was that? 80 million people show up?

Joe was smart. He cared about the lives of others during this pandemic.  Something Trump didn't due during all his rallies.  Horrible person who only cares about himself.  Sad you don't get this.

[Jeffr2]

18 hours ago, candide said:

To be frank, the numbers are accurate, it's the comparison used which is dishonest.

Yeah, agreed.  Kinda like Trump taking credit for the booming economy after Obama ruined it.  Sure, the economy did well under Trump, with him juicing it with low interest rates and deficit spending.  But he inherited a roaring economy.  Something Obama didn't.

 

Typical of Trump and his supporters.  Propaganda and misleading statements.  Sad.