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GusFring

(756 posts)
Mon Aug 5, 2019, 09:46 PM Aug 2019

Again, 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.

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Again, why isn't it ever mentioned that Trump inherited the current economy (Original Post) GusFring Aug 2019 OP
I've heard it mentioned in passing on MSNBC... Wounded Bear Aug 2019 #1
Trump will give Obama credit for the economy calguy Aug 2019 #2
From AMJOY Gothmog Aug 2019 #3
Don't worry. Once we enter a recession - because of the tariff fight with China, he will question everything Aug 2019 #4
concur on UE rates jimmy the one Aug 2019 #5
why #Trump can't take credit for continuing boom of the #Obama economy. Gothmog Aug 2019 #6
trump is killing the Obama recovery/economy Gothmog Aug 2019 #7
Trump brags about the economy... lame54 Aug 2019 #8
Joe Biden-Trump inherited a pretty good economy from Barack Obama.... Gothmog Sep 2019 #9

Wounded Bear

(58,598 posts)
1. I've heard it mentioned in passing on MSNBC...
Mon Aug 5, 2019, 09:51 PM
Aug 2019

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.

jimmy the one

(2,708 posts)
5. concur on UE rates
Mon Aug 5, 2019, 10:38 PM
Aug 2019

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%.

lame54

(35,262 posts)
8. Trump brags about the economy...
Wed Aug 14, 2019, 03:26 PM
Aug 2019

But he is really frustrated that Obama's economy is proving too strong to break

For now

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