General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAgain, why isn't it ever mentioned that Trump inherited the current economy
When Obama was in office all I heard were the unemployment#s were fake. Real Unemployment, whatever happened to that? Obama inherited actual shit he had to clean up. It pusses me off so much.
Wounded Bear
(58,598 posts)but nobody has really emphasized the point that we're riding the last vestiges of that greatest and longest rebound in history that really started in 2009/10.
I hear you. But it follows along with all the bullshit about how far left the Dems are trying to go and ignoring how far right that the Repubs have dragged the country.
calguy
(5,292 posts)When it crashes!
Gothmog
(144,919 posts)question everything
(47,431 posts)jimmy the one
(2,708 posts)Gus: why isn't it ever mentioned that Trump inherited the current economy
Yes dems are disappointingly mum on this issue, or do not present much of the facts.
Obama lowered the unemployment rate by nearly 50% during his 8 years*. Trump so far has lowered it about 25%.
Obama lowered african american unemployment by about 42% during his 8 years, trump by about 25%.
https://www.politifact.com/truth-o-meter/article/2019/aug/01/donald-trump-said-hes-done-more-african-americans-/
Trump likely will never reach obama's figures, since overall UE rate would need fall to ~2.5% to hit a 50% reduction for trump. Black UE rate would need reach ~4.0% for a 50% reduction for trump (currently ~6.0%).
* Unemployment (UE) rate when obama took office was about 9% and then increased to about 10% due to the gwbush inspired recession, which should not be blamed on obama, he's not god. So there are two start points, one when the recession bottomed out & started to reverse, the other on jan 20, 2009 when obama took office. From the inauguration obama lowered the UE rate approx 46%, from the top end of ~10% UE rate it was lowered a bit over 50%.
Gothmog
(144,919 posts)Gothmog
(144,919 posts)lame54
(35,262 posts)But he is really frustrated that Obama's economy is proving too strong to break
For now