If Trump had inherited Bush's economy?

[kentuck]

The unemployment rate would not be 4.2%. It would be closer to 8%. Obama left him an unemployment rate under 5%.

The stock market would not be 23,000. It would be about 11,700. Obama took a stock market that hit its low at 6700 and was about 18,000 when Obama left office.

Trump likes to pretend that he got the unemployment numbers and the stock market where they are today all by himself. He gives Obama no credit at all.

It is more likely that if Trump had inherited the Great Recession, as did Obama, we would still be stuck in another devastating Great Depression.

[kentuck]

2. Fixed.

thanks!

[doc03]

3. The Republicans spent 8 years telling us the President has nothing to do

with the stock market or the economy.

[lpbk2713]

4. The banks would collapse from people closing out their accounts.

And the U.S. Department of State would be swamped with applications for passports.

[unblock]

5. that 11,700 figure is high.

if the market went up to 23,000 from 18,000, then a comparable percentage rise from 6,700 would be to about 8,500.

[kentuck]

7. Percentage wise, yes.

[brush]

6. The market was at 19,700 and change when O left office, almost 20,000.

It was 8279 when O took office but continued going down from W's recession to some 6700.

[kentuck]

8. Sorry.

Lazy on my research. Depending on my memory too much.

[DetlefK]

9. Basically, he would do what the Republicans wanted to do if Obama had let them:

If you remember, the GOP suggested freezing all of government spending, except for the military.

A complete government shutdown. For nobody knows how long.


Another idea of them was to kick-start the economy by giving people tax-cuts.
The Democrats wanted the government to invest money into key areas.
The Republicans wanted to hand out the money via tax-cuts and trust the american people to collectively spend their money in a way that would benefit the US economy.

Guess who would have gotten those tax cuts.

[Tommy_Carcetti]

10. We'd be eating people. nt

[BSdetect]

11. Remember how Bush wanted to hand over your 401k to Wall St?

That would have been the economic end.

Lucky the economy tanked before that. Ironically.