I’m going to need some help here. I keep seeing and hearing people comment that the economy is so much better under Tramp than it had been under Obama. My question is: Where do people get this impression?
And this even presumes a sitting president has a direct and substantial immediate impact on the economy… which they don’t. They have influence, not direct impact.
Is the economy doing well? You bet it is. Is unemployment at a long-time low? Damn straight it is. So what’s he problem? Call it a character flaw if you want, but I don’t like being lied to. Not to mention that lying about does absolutely nothing to improve a situation, it just serves to bolster the ego of a megalomaniac.
I’ve had people tell me their 401k is doing better then ever. I’ve had people tell me they’re doing better then they ever have in general. Well, ya know, that tends to happen when there’s been 10 years of solid substantial growth.
So let’s take a look at some stats over the last 10-ish years. Please note the trend indicated by the solid and straight red line…
Gross Domestic Product (GDP)
From 2010 to today, a straight line upward. Maybe it’s just me, but I see no discernible difference.
I didn’t have to do a line on this one, because they already did it for me. The fact of the matter is that the S&P under Trump is actually worse than under Obama at the same point in their administrations.
The downward trend of unemployment has been going steadily down since 2010. In fact it seems to have evened off, and was actually steeper from 2014 to late 2016.
I challenge any Trump supporter to show me where on these charts the economy under the Trump administration is **better** than under the Obama administration.
There is nothing… literally nothing… for Trump and his supporters to brag about here. Don’t believe me? Read No President Trump, Obama’s Economic Recovery Was Not A Con Job from Forbes. Or, would that be considered “fake news” because it’s not what you want to hear?