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yallerdawg

(16,104 posts)
Fri Mar 10, 2017, 08:41 AM Mar 2017

Trump's first economic report card

Grade: F - for taking credit for someone else's work!

Source: Politico, by Ben White and Marianne Levine

President Donald Trump is about to get his first major economic report card.

The February jobs report, out on Friday morning, will be the first to measure employment gains that occurred entirely under Trump’s presidency, a key moment for a man whose pledge to “Make America Great Again” catapulted him to a surprise victory in November.

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But in 2016 after winning the New Hampshire primary, Trump told supporters not to believe “phony numbers” coming out of the U.S. Department of Labor. “The number is probably 28, 29, as high as 35,” he said of the unemployment rate. “In fact, I even heard recently 42 percent.”

These “phony” numbers are now Trump’s to own even though at this point his policies could not really be responsible for most of the jobs created in February. Analysts say renewed business confidence and soaring stock prices since the election could play a role if the jobs number comes in higher than expected. But mostly, it will reflect a continuation of a trend that began under Obama when unemployment peaked at 10 percent in October 2009.

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Trump is taking office during an economic expansion that is already among the longest on record. Even with his planned tax cuts, regulatory relief and infrastructure spending, driving the jobless rate even lower will be a difficult task. The early jobs reports of the Trump era could end up being the best he sees for a while.

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Read it all at: http://www.politico.com/story/2017/03/trump-economic-report-card-235868
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Trump's first economic report card (Original Post) yallerdawg Mar 2017 OP
Republicans have to lie Cary Mar 2017 #1
Thank you President Obama Gothmog Mar 2017 #2
Today's twump tweet. yallerdawg Mar 2017 #3
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