Historians rank Trump as worst president

[Danderman123]

Just now, Dolf said:

High the whole time. Never got close to 4.5% in 8 years. Not a good job as he spent most of the time engaged in wars and doing carbon credit deals for his elite friends. Nothing for the poor or working class. A lot of blacks don't like him for good reason.

 

For about 3.5 years the unemployment rate was above 8% which is very poor management of the economy. Definately the worst President since Nixon until Biden arrived.

Massive reduction of unemployment under Obama.

 

Your rants can't undermine the reality that Obama significantly reduced unemployment.

 

However....

 

Trump’s Final Numbers

 

"The economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%."

 

You really don't want to keep talking about this.

[Dolf]

35 minutes ago, Danderman123 said:

neoMarxist is not the same as a Marxist.

No one form of marxism or socialism or capitalism. I guess you never studied any of this at an academic level. You don't have any academic qualifications in political science or economics do you? I can tell by your presentation of a pretty graph which shows how poorly Obama did on unemployment. You falsely believe a fall from 9.9 to 5.8 is good when it's mostly just cyclical and still far too high. Presidents should be aiming for under 4% unemployment.

 

 

Edited February 22 by Dolf

[Dolf]

1 minute ago, Danderman123 said:

Massive reduction of unemployment under Obama.

 

Your rants can't undermine the reality that Obama significantly reduced unemployment.

 

However....

 

Trump’s Final Numbers

 

"The economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%."

 

You really don't want to keep talking about this.

Yes unemployment rose in 2020 due to a pandemic. High for Trump was 6.3%. High for Obama was 9.9%. So Trump did far better than Obama. 3.6 points is a huge margin. 

 

Why don't you compute the quarterly averages?

 

It won't look good for your Obama guy.

[Danderman123]

8 minutes ago, Dolf said:

Yes unemployment rose in 2020 due to a pandemic. High for Trump was 6.3%. High for Obama was 9.9%. So Trump did far better than Obama. 3.6 points is a huge margin. 

 

Why don't you compute the quarterly averages?

 

It won't look good for your Obama guy.

A classic trolling technique is to try to parse the data into smaller bits.

 

But Obama's performance on unemployment looks pretty good to me.

 

As opposed to Trump, who lost jobs. First president since Herbert Hoover to do that.

 

Keep talking.

[Danderman123]

17 minutes ago, Dolf said:

No one form of marxism or socialism or capitalism. I guess you never studied any of this at an academic level. You don't have any academic qualifications in political science or economics do you? I can tell by your presentation of a pretty graph which shows how poorly Obama did on unemployment. You falsely believe a fall from 9.9 to 5.8 is good when it's mostly just cyclical and still far too high. Presidents should be aiming for under 4% unemployment.

 

 

lots of jibber jabber, no information in your post.

 

Define "Marxism" in your own words.

[heybruce]

54 minutes ago, johng said:

How about a leftist  labeled as far right  RFK junior

No, that doesn't work.  I don't recall RFK junior being called far right.  A whacko vaccine conspiracy theorist perhaps...

[Dolf]

8 minutes ago, Danderman123 said:

A classic trolling technique is to try to parse the data into smaller bits.

 

But Obama's performance on unemployment looks pretty good to me.

 

As opposed to Trump, who lost jobs. First president since Herbert Hoover to do that.

 

Keep talking.

You need to do some reading on acceptable unemployment levels instead of focusing on a pretty graph which shows very high unemployment for Obama for 8 whole years.

 

5.7% is the long term average unemployment rate. Obama had it higher for most of the time.

 

https://ycharts.com/indicators/us_unemployment_rate

Edited February 22 by Dolf

[heybruce]

14 minutes ago, Dolf said:

Yes unemployment rose in 2020 due to a pandemic. High for Trump was 6.3%. High for Obama was 9.9%. So Trump did far better than Obama. 3.6 points is a huge margin. 

 

Why don't you compute the quarterly averages?

 

It won't look good for your Obama guy.

You can see how Covid hurt the US economy under Trump, cut can't see how Obama inherited an economy in free-fall that many feared could lead to another great depression. 

 

You're living down to expectations.

[Dolf]

2 minutes ago, Danderman123 said:

lots of jibber jabber, no information in your post.

 

Define "Marxism" in your own words.

Go study political science and economics. You are a grown up aren't you?

[transam]

2 minutes ago, Dolf said:

Go study political science and economics. You are a grown up aren't you?

Is that what your degree, you told us about, is in, science and/or economics, when I thought it was wave surfing......?  

[Danderman123]

4 minutes ago, Dolf said:

Go study political science and economics. You are a grown up aren't you?

In other words, you can't define Marxism.

 

But, you like to throw around the term.

 

Did you know your man Putin is a NeoCommunist? He wants to reassemble the USSR, and he appreciates your help.

[Dolf]

Just now, Danderman123 said:

In other words, you can't define Marxism.

 

But, you like to throw around the term.

 

Did you know your man Putin is a NeoCommunist? He wants to reassemble the USSR, and he appreciates your help.

What academic qualifications do you have in political science or economics?

[Danderman123]

8 minutes ago, Dolf said:

You need to do some reading on acceptable unemployment levels instead of focusing on a pretty graph which shows very high unemployment for Obama for 8 whole years.

 

5.7% is the long term average unemployment rate. Obama had it higher for most of the time.

 

https://ycharts.com/indicators/us_unemployment_rate

https://money.com/jobs-barack-obama-presidency/?amp=true

 

Looks like Obama did a pretty good job.

 

BTW, what's the current unemployment rate?

[Danderman123]

1 minute ago, Dolf said:

What academic qualifications do you have in political science or economics?

I have a BA and MBA.

 

And I keep up on current events. I can see that Biden's push for manufacturing jobs in the US is having a negative impact on the China economy.

[transam]

2 minutes ago, Dolf said:

What academic qualifications do you have in political science or economics?

Nice dodge, but don't forget, this is a discussion forum, not an "I am, you're not" forum........🙄

[Dolf]

2 minutes ago, Danderman123 said:

https://money.com/jobs-barack-obama-presidency/?amp=true

 

Looks like Obama did a pretty good job.

 

BTW, what's the current unemployment rate?

Compared the average of 5.7% Obama did a poor job. Above 8% for 3.5 years.

[Danderman123]

Just now, Dolf said:

Compared the average of 5.7% Obama did a poor job. Above 8% for 3.5 years.

What's the current unemployment rate?

[Dolf]

2 minutes ago, Danderman123 said:

I have a BA and MBA.

 

And I keep up on current events. I can see that Biden's push for manufacturing jobs in the US is having a negative impact on the China economy.

"Many socialist countries base their politics on the Marxist-Leninist model created by the Soviet Union. Because of this, some of these states are erroneously thought to be communist states by the world at large."

https://worldpopulationreview.com/country-rankings/socialist-countries

[Dolf]

Just now, Danderman123 said:

What's the current unemployment rate?

3.7%

[Danderman123]

3 minutes ago, Dolf said:

3.7%

That's pretty good, isn't it?

[Danderman123]

4 minutes ago, Dolf said:

"Many socialist countries base their politics on the Marxist-Leninist model created by the Soviet Union. Because of this, some of these states are erroneously thought to be communist states by the world at large."

https://worldpopulationreview.com/country-rankings/socialist-countries

Define Marxism, if you can.

 

Trust me, it's easy. If you have the academic background.

Edited February 22 by Danderman123

[Dolf]

1 minute ago, Danderman123 said:

That's pretty good, isn't it?

Yes Biden has done a good job on unemployment so he gets 1 tick. But he gets crosses on inflation, border control and dealing with wars. So 1/4 satisfactory level. Trump got 4/4 ticks.

[johnnybangkok]

22 minutes ago, Dolf said:

Yes Biden has done a good job on unemployment so he gets 1 tick. But he gets crosses on inflation, border control and dealing with wars. So 1/4 satisfactory level. Trump got 4/4 ticks.

It's like listening to Fox News. Same ol' lame nonsense about inflation (worldwide problem), border control (when is there not a border problem) and dealing with wars (that 'Trump didn't start any wars' diatribe).

 

You guys need to get some originality into your arguments as we have heard all these ones many, many times before. 

[Dolf]

23 minutes ago, johnnybangkok said:

It's like listening to Fox News. Same ol' lame nonsense about inflation (worldwide problem), border control (when is there not a border problem) and dealing with wars (that 'Trump didn't start any wars' diatribe).

 

You guys need to get some originality into your arguments as we have heard all these ones many, many times before. 

Never heard anyone complain about Fox News or Trump before.

 

Very original of you

[johnnybangkok]

4 minutes ago, Dolf said:

Never heard anyone complain about Fox News or Trump before.

 

Very original of you

That's because there's a lot to complain about.

 

 

[candide]

1 hour ago, Dolf said:

High the whole time. Never got close to 4.5% in 8 years. Not a good job as he spent most of the time engaged in wars and doing carbon credit deals for his elite friends. Nothing for the poor or working class. A lot of blacks don't like him for good reason.

 

For about 3.5 years the unemployment rate was above 8% which is very poor management of the economy. Definately the worst President since Nixon until Biden arrived.

At the end of Obama's fiscal year (Sept. 2017), it was 4.2.

 

Trump inherited a decreasing trend from Obama and it went on under Trump. It's not like the trend was flat and suddenly decreased under Trump. Trump was surfing on Obama's waves from his last mandate, doing a bit better on growth, a bit worse on inflation, a bit worse on debt, and a bit worse on unemployment reduction rate (which as you noticed, is not unusual, curves usually get more flat as they approach the minimum or maximum values).

[Danderman123]

Trump Mocked After Promising 'Very Powerful Crime' in Washington, D.C.

 

Trump is losing it, before our eyes.

[Walker88]

3 hours ago, Dolf said:

Yes unemployment rose in 2020 due to a pandemic. High for Trump was 6.3%. High for Obama was 9.9%. So Trump did far better than Obama. 3.6 points is a huge margin. 

 

Why don't you compute the quarterly averages?

 

It won't look good for your Obama guy.

I understand that you don't understand economics at all, much less trading, Sparky (A guy that boast about making 5000 baht, as you did in the past, is not exactly George Soros or Paul Tudor Jones), but you might want to look up what Obama inherited---plus how he addressed it.

 

He inherited a world where suddenly people realized Synthetic CDO Squareds with CDS yield enhancement kickers were not risk free. He inherited the worst economy since the Great Depression. In March of 2009 the entire financial system of the world was a day or two away from exploding, as was the insurance industry.

 

Unlike Europe, which manufacture a tautological solution of ECB money printing and forcing banks to buy sovereign debt to save Spain, Italy and themselves, Obama forced banks to sell off bad debt, issue equity, and reduce leverage to 10%. He saved the Money Market and the Commercial Paper Market. He bailed out AIG (which had assumed most of the world's risk), and that saved the insurance industry. If he hadn't done that, planes would have been grounded, ships docked in port, trucks parked and trains halted, since none would have risked being uninsured.

 

It worked. UE tumbled from a high of 10% to the 4.8% and growing economy he left trump.

 

No way trump could have handled that. trump is a financial idiot. The system would have collapsed. trump, however, got lucky, because he inherited what Obama had saved. Then trump coasted on the coattails of what Obama had set in motion. When his own first crisis arose 81% into his miserable 4 years term---and after the tax cut that decimated the deficit--he messed that up royally (Covid). He ignored the crisis he had been told months earlier was coming, and when it hit, he downplayed and did nothing until forced to do so.

 

The lingering joke is that the"like...really really smart stable genius" told his Goobers to inject Lysol and stick a UV up their butt.

 

trump's disaster left fewer Americans employed than when he entered (first Potus since 1932), a Recession, and an additional $8,400,000,000,000 in debt. Absolute disaster, fitting the loser trump.

 

Don't even try to respond, because you lack the knowledge.

[Danderman123]

The low information types don't understand that during the first year of a new presidency, the economy is largely operating under the influence of the prior president. Normally, it takes at least a year for the new president's economic policy to take effect.

 

Most people understand this, but the Trump fluffers aren't just ignorant, they are wilfully so.

[Dolf]

15 minutes ago, Danderman123 said:

but the Trump fluffers aren't just ignorant, they are wilfully so.

All you do is abuse people who disagree with you. Talking up a guy who had 4.8 to 9.9 % unemployment then trashing a guy who lowered it to 3.5%. 

 

You are just writing one sided trash.