Not with a bang but a whimper

by Idéfix Wed Apr 25, 2018 2:43 pm

George W. Bush handed over a disastrous economy to Obama, and the latter spent most of his first term fighting to save the auto industry and stimulate growth, while the GOP opposed him at every step along the way. Obama handed off a strong economy with 6+ years of consistent job growth to Trump. Trump falsely called that an awful economy, with 40%+ unemployment which was a lie. Now it seems that it took a grand total of six months to change all that. In July-September 2017, the private sector lost a net of 140,000 jobs according to the government -- the first quarter where the private sector lost jobs since 2010.

https://www.bloomberg.com/news/articles/2018-04-24/asia-stocks-set-to-fall-as-treasury-yield-hits-3-markets-wrap

You can fool all the people some of the time, and some of the people* all the time. But you cannot fool all the people all the time.

* These are known in current times as trumptards.

by MaxEntropy_Man Wed Apr 25, 2018 3:00 pm

Idéfix wrote:George W. Bush handed over a disastrous economy to Obama, and the latter spent most of his first term fighting to save the auto industry and stimulate growth, while the GOP opposed him at every step along the way. Obama handed off a strong economy with 6+ years of consistent job growth to Trump. Trump falsely called that an awful economy, with 40%+ unemployment which was a lie. Now it seems that it took a grand total of six months to change all that. In July-September 2017, the private sector lost a net of 140,000 jobs according to the government -- the first quarter where the private sector lost jobs since 2010.

https://www.bloomberg.com/news/articles/2018-04-24/asia-stocks-set-to-fall-as-treasury-yield-hits-3-markets-wrap

You can fool all the people some of the time, and some of the people* all the time. But you cannot fool all the people all the time.

* These are known in current times as trumptards.

Fake news! That's all they need to say to convince the vast majority of Trumptards. To convince slightly more intelligent Trumptards, they need to trot out the standard crapola about lies, damned lies, and statistics; as if it means anything.

by silvermani Wed Apr 25, 2018 9:53 pm

No surprises here. Two ivory tower illiberals who benefited from Central Bank policies which enriched them while crushing a vast section of society are chiding those people for not voting to continue the status quo. Blind on election night, blind today, tomorrow and forever to other people's pain. Hey, why can't all the blue collar losers get an ivy league education and better their lives?

by Idéfix Wed Apr 25, 2018 10:01 pm

silvermani wrote:No surprises here. Two ivory tower illiberals who benefited from Central Bank policies which enriched them while crushing a vast section of society are chiding those people for not voting to continue the status quo. Blind on election night, blind today, tomorrow and forever to other people's pain. Hey, why can't all the blue collar losers get an ivy league education and better their lives?

When the private sector lost jobs -- as reported by the Trump administration -- the worst affected were firms with fewer than 50 employees. Those are the companies that tend to employ fewer highly-educated workers. Your God-Emperor's policies give me more money while hurting the people for whom you guys cry crocodile tears.

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