Trump’s Jobs Record Is Weaker Than Everyone Thought

  

Category:  News & Politics

Via:  john-russell  •  7 months ago  •  43 comments

Trump’s Jobs Record Is Weaker Than Everyone Thought
Based on the new numbers, it looks like he inherited a steadily growing economy and didn’t do much at all .... In the end, the economy has added fewer jobs in every year of his presidency than it did during Obama’s final one. There never was much of a Trump bump.

S E E D E D   C O N T E N T



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Here’s how this changes the story of the past few years. Based on the old numbers, it looked like Trump had inherited a steady economy but gave hiring a boost in 2018 through some deficit-fueled stimulus. Based on the new numbers, it looks like he inherited a steadily growing economy and didn’t do much at all

.... In the end, the economy has added fewer jobs in every year of his presidency than it did during Obama’s final one. There never was much of a Trump bump.


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JohnRussell
1  seeder  JohnRussell    7 months ago

Trump brags about how he has created so many more jobs than the "previous administration".  

There is no mathematical or logical reason for him to say this, other than that he is lying. 

We all know he is a habitual liar, but why do his followers expect everyone to believe him?  The cultists, of course, believe him, but the rest of us have a responsibility to keep truth alive. 

 
 
 
Greg Jones
1.1  Greg Jones  replied to  JohnRussell @1    7 months ago

Obama took no actions to improve the economy. He did nothing to improve the economy that Trump would inherit.

In fact, Obama was for more and more taxes and regulations which have always stifled growth.

 
 
 
Dulay
1.1.1  Dulay  replied to  Greg Jones @1.1    7 months ago
Obama took no actions to improve the economy. He did nothing to improve the economy that Trump would inherit. In fact, Obama was for more and more taxes and regulations which have always stifled growth.

Yet with billions more in government spending and a trillion in tax cuts Trump's number are STILL worse. 

 
 
 
MAGA
1.2  MAGA  replied to  JohnRussell @1    7 months ago
 
 
 
MAGA
1.2.1  MAGA  replied to  MAGA @1.2    7 months ago

[Deleted]

 
 
 
MUVA
2  MUVA    7 months ago

This is for people that sit inside on a computer all day the economy  is doing well.As a small business owner I can tell you the economy is doing better than under Obama  even if malcontent liberals don't believe it.  

 
 
 
JohnRussell
2.1  seeder  JohnRussell  replied to  MUVA @2    7 months ago

Let's put your personal anecdotes above objective facts and figures. 

Uh, no. 

No one is saying the economy is not doing relatively well, although many people dont share in it. 

What facts like these "say" is that this is a continuation of prior trends, not a Trump miracle. 

It's right there is the government statistics.  Job growth has not picked up under Trump, period. End of story. 

 
 
 
Dean Moriarty
2.1.1  Dean Moriarty  replied to  JohnRussell @2.1    7 months ago

Many people don't share in it because many are drunks, drug addicts and lazy bums. Unemployment is at the lowest since 1969. 

 
 
 
lib50
2.1.2  lib50  replied to  Dean Moriarty @2.1.1    7 months ago

Yep, those low paying, no benefit jobs are all over the place.

 
 
 
Tacos!
2.1.3  Tacos!  replied to  JohnRussell @2.1    7 months ago
No one is saying the economy is not doing relatively well

That's exactly the feeling you're trying to inspire with a headline that claims the economy is "weaker than everyone thought." 

 
 
 
zuksam
2.1.4  zuksam  replied to  lib50 @2.1.2    7 months ago
Yep, those low paying, no benefit jobs are all over the place

Yes and they have been for many years but now that the labor market is tightening up employers will be forced to pay more and offer better benefit packages to not only find people to fill job openings but to retain the employees they already have.

 
 
 
Dulay
2.1.5  Dulay  replied to  Tacos! @2.1.3    7 months ago
That's exactly the feeling you're trying to inspire with a headline that claims the economy is "weaker than everyone thought." 

It's the headline of the seeded article. Issue?

 
 
 
Dulay
2.1.6  Dulay  replied to  zuksam @2.1.4    7 months ago

WHEN?

 
 
 
XDm9mm
3  XDm9mm    7 months ago

Facts from Slate?  Now that's a good one JR.

And while there were pretty decent job numbers under Obama if one takes a look under the hood, they'll find none were due to Obama policies.

Obama took office with pretty shitty conditions to begin with.  Job losses were huge.

Obama had almost three trillion of taxpayer stimulus money to push his ass uphill to fuel those 'shovel ready jobs' that weren't so shovel ready per Obama.

Trump had ZERO taxpayer stimulus money to boost him uphill.

Obama enjoyed near zero percent interest rates for almost his entire time in office.

Trump enjoyed rising interest rates immediately taking office.

Obama enjoyed 85 billion dollars a month being pumped into the financial system to prop it up for almost his entire tenure in office.

Trump had ZERO dollars being pumped into the system.

Once the FED stopped it's manipulation of things, everything under Obama stalled or flat-lined.  The markets stopped rising and employment stagnated.  In point of fact, every pundit noted that the "Obama recovery" was the weakest ever recorded.

Then Trump was elected.  

Trump has provided an environment conducive to business growth and creation.  The unemployment rate under Obama was decent, but it's great under Trump.  Hell, when one is watching over an economy that is creating jobs in what is considered full employment, that person sure must be doing something.

If you really want to do a comparison, make it apples to apples, not apples to hopes and dreams.

 
 
 
JohnRussell
3.1  seeder  JohnRussell  replied to  XDm9mm @3    7 months ago

When Obama left office the unemployment rate was 4.7 I believe. 

4.7 percent unemployment is "full employment" the so called point where everyone can get a job. 

So Obama left his successor a place where unemployment had been reduced to an already low level. 

Unemployment right now is 3.5, so over three years Trump has lowered unemployment ONE PERCENT. 

Out of every 97 people who have a job, 96 of them have their job no particular thanks to Donald Trump.  Thats just reality. 

He wants praise and thanks for being there during the normal course of things. 

 
 
 
Greg Jones
3.1.1  Greg Jones  replied to  JohnRussell @3.1    7 months ago

Explain to use how Obama had anything to do with any of that recovery.

 
 
 
JohnRussell
3.1.2  seeder  JohnRussell  replied to  Greg Jones @3.1.1    7 months ago

no, you figure it out. you need to do something more than what you do here greg. 

 
 
 
Greg Jones
3.1.3  Greg Jones  replied to  JohnRussell @3.1.2    7 months ago

So once again you can't back up what you say with verification.

 
 
 
JohnRussell
3.1.4  seeder  JohnRussell  replied to  Greg Jones @3.1.3    7 months ago

I am trying not to waste time with you.

I seeded the article we are discussing. The Bureau of Labor statistics prove beyond a shadow of a doubt that Trump has not created more jobs than Obama did. Period.  Trump should stop lying about it. 

If you have something to say about all that , say it.  Dont ask me any lame questions, ok? 

 
 
 
XDm9mm
3.1.5  XDm9mm  replied to  JohnRussell @3.1    7 months ago
When Obama left office the unemployment rate was 4.7 I believe. 

4.7 percent unemployment is "full employment" the so called point where everyone can get a job. 

So Obama left his successor a place where unemployment had been reduced to an already low level. 

Yes it was.   And Obama STILL enjoyed massive stimulus funding to get it there, plus additional help from the federal reserve keeping interest rates at a near zero rate for damn near his entire eight years in office.

Please indicate exactly how much stimulus funding Trump received to help him.   

Please indicate exactly how high the interest rates were when Trump took office and still rising.

You DO realize don't you that zero stimulus funding and rising interest rates are in fact impediments to job growth, right?  Them's the facts JR, like them or not.

Trump has created a conducive business environment as opposed to his predecessor that had no business experience at all.  Hell, I personally don't believe he ever even ran a lemonade stand.

Trump and HIS policies are essentially creating jobs when there is full employment per the Federal Reserve.  In pint of fact, there are several million unfilled jobs in America at this very time.

The "normal course of things" for the last year and a half of the Obama administration was essentially a flat lining economy.  The markets did nothing, job growth flat-lined.  And then Trump was elected.  He had not yet even taken the oath of office, just the knowledge that a businessman was taking the reigns of government stimulated the economy and buoyed the American people and businesses. 

 
 
 
JohnRussell
3.1.6  seeder  JohnRussell  replied to  XDm9mm @3.1.5    7 months ago

These are the US GDP growth rates for the last term of Obama and Trumps term so far

https://www.multpl.com/us-real-gdp-growth-rate/table/by-year

Sep 30, 2019 2.07%
Dec 31, 2018 2.52%
Dec 31, 2017 2.80%
Dec 31, 2016 2.03%
Dec 31, 2015 1.90%
Dec 31, 2014 2.88%
Dec 31, 2013 2.61%

Look damn similar to me.  Should we be alarmed that '19 was down considerably from '18 ? 

I could spend the rest of the day posting articles from economists who say that Trump's economy is just a continuation of the recovery that started during Obama. Your main bitch is that Obama got "help". Duh.  We had the second worst financial crash in the past 100 years at the time. What was he supposed to do, pull the US up by its bootstraps?

 
 
 
XDm9mm
3.1.7  XDm9mm  replied to  JohnRussell @3.1.6    7 months ago
These are the US GDP growth rates for the last term of Obama and Trumps term so far

So now you jump from jobs to GDP.

What's wrong JR, can't dispute what I noted above and there is now the need to deflect?

 
 
 
JohnRussell
3.1.8  seeder  JohnRussell  replied to  XDm9mm @3.1.7    7 months ago

Huh? I've already shown that Trump has not created more jobs than Obama. What is there to keep discussing about that? 

In many ways, the entire rationale for re-electing Trump, who we all know is a lying scumbag, is that he has performed economic miracles that no one else could possibly do.  The government statistics seem to not really support this. 

I suspect that if Clinton had won we would be just where we are now, and the nation would not have had to go through all this daily nonsense and insanity with Trump. 

 
 
 
XDm9mm
3.1.9  XDm9mm  replied to  JohnRussell @3.1.8    7 months ago
Huh? I've already shown that Trump has not created more jobs than Obama. What is there to keep discussing about that? 

The jobs created during the Trump tenure have been created with FULL EMPLOYMENT.   

So, if there was already full employment, what created the environment that was capable of producing yet more jobs.

Your "Huh?" simply is indicative that you do nut actually understand business world or economics.

 
 
 
JohnRussell
3.1.10  seeder  JohnRussell  replied to  XDm9mm @3.1.9    7 months ago

I n the past 60 years there have 26 years of "full employment" (5.0% or less unemployment rate).

Trump has been president for 3 of them. 

What did America ever do without Donald Trump to save it? 

Trump has said , specifically, that the economy "would have crashed" if he had not been elected in 2016. 

He's a scum sucking liar. 

 
 
 
Texan1211
3.1.11  Texan1211  replied to  JohnRussell @3.1.8    7 months ago
I suspect that if Clinton had won we would be just where we are now, and the nation would not have had to go through all this daily nonsense and insanity with Trump. 

I suspect--no, hell, I KNOW--that if a Democrat sat in the WH today, Democrats all over would be crowing about a wonderful economy where wages are increasing and the lowest unemployment rate in decades and the workforce participation is on the rise.

 
 
 
XDm9mm
3.1.12  XDm9mm  replied to  JohnRussell @3.1.10    7 months ago
I n the past 60 years there have 26 years of "full employment" (5.0% or less unemployment rate).

Yes there have been.  Congratulations.

But, you also should consider this:

Just five years ago, Fed officials figured full employment to be around 5.6 percent. At  their meeting last week , they lowered that target a full point to 4.6 percent, in some ways confirming the Goldman thesis that the economy is currently beyond full employment.

Source:  https://www.cnbc.com/2017/06/21/the-jobs-market-may-be-past-full-employment-heres-what-that-means.html

Please note the date of the linked CNBC article, 2017.  

Now sit back and contemplate that the current unemployment rate is 3.5 per cent per your own post.

In other words the Trump economy is creating jobs in a FULL EMPLOYMENT ECONOMY and has actually been doing that since at least 2017 when the 'official full employment percentage rate was lowered a full percentage point.'

You might want to credit Obama, but Obama would have done NOTHING.  Yes nothing at all if it were not for the almost three trillion dollars of taxpayer funded stimulus programs and the major help from the Federal Reserve keeping interest rates at a near zero rate for almost his entire 8 years in office in ADDITION to the 85 billion a month the FED was pumping into the financial markets to keep them afloat.

Obama was being pushed up hill by the taxpayers and Federal Reserve.

Trump has been pushing uphill against the Federal Reserve and a booming economy.

 
 
 
XDm9mm
3.1.13  XDm9mm  replied to  Texan1211 @3.1.11    7 months ago
Democrats all over would be crowing about a wonderful economy where wages are increasing and the lowest unemployment rate in decades and the workforce participation is on the rise.

I don't think so.  They'd be lamenting the recession since their chosen one did promise to put Americans out of work.

 
 
 
Tacos!
3.1.14  Tacos!  replied to  JohnRussell @3.1    7 months ago
When Obama left office the unemployment rate was 4.7 I believe. . . . Unemployment right now is 3.5, so over three years Trump has lowered unemployment ONE PERCENT.

1%? That's one way of looking at it. Here's another:

The difference between 4.7 and 3.5 is 1.2. 1.2 is 25% of 4.7, so Trump has actually lowered unemployment in this country by 25%.

25%! That's amazing! Trump is doing even better than I would have thought. You gotta be impressed with that, John. 25%! We'll have you voting for Trump yet!

 
 
 
zuksam
3.1.15  zuksam  replied to  JohnRussell @3.1    7 months ago
Unemployment right now is 3.5, so over three years Trump has lowered unemployment ONE PERCENT. 

It's easy to go from 10 to 8% but hard as hell to go from 4.5 to 3.5%, the lower it goes the harder it is to go lower. Do you realize todays 3.5% is the lowest we've had without an active military draft since 1929.

 
 
 
Dulay
3.1.17  Dulay  replied to  XDm9mm @3.1.5    7 months ago
Please indicate exactly how much stimulus funding Trump received to help him. 

No more sequestration, billions in government spending and a trillion in tax breaks that Trump insisted was going to bring a rise in the GDP to 4%. 

BTW, the Treasury is refusing to release the amount of taxpayer funds that are going to Trump's properties so it's impossible to know how much stimulus funding Trump received to help him.

 
 
 
 
freepress
4  freepress    7 months ago

Higher deficits, (where is the "Tea Party"?), more coal plant closures including the largest in the nation, Ohio job losses from factory shutdowns like Lordstown, many of the plants Trump and Pence touted in Indiana still closed or outsourced jobs, the only jobs being created are wages between minimum wage and salaries below 50k. The job rates are still at a lower level than under Obama. 

 
 
 
Sean Treacy
5  Sean Treacy    7 months ago

You know the trump economy has the Democrats freaked out when they resort to this.

It’s the fourth year of his presidency. He owns the Economy.  If trump and the republicans had done the exact same  things and we were in recession, Democrats wouldn’t be attributing it to Obama,

bill Clinton took over an economy that was on rocket fuel, growing at 5%.  In the almost thirty years that have passed, have you ever heard a democrat claim George Bush deserved credit for the Clinton economy?  Of course not, they credit Clinton and Clinton exclusively.

 
 
 
XDm9mm
5.1  XDm9mm  replied to  Sean Treacy @5    7 months ago
It’s the fourth year of his presidency. He owns the Economy.

Hell, even one of their hopefuls for the nomination said that same thing last night in the debate.  Steyer noted that the only way to take on Trump would be to take on the economy.  

Hey, maybe someone is doing his bidding?

What they refuse to acknowledge is that Obama had massive help to push him uphill.  He had no policy initiatives, just OPM (other peoples money) via federal stimulus programs and a major helping hand from the Federal Reserve.  Plus, it's not all that hard to go up when you're already at the bottom.

To compare Obama to Trump would be like comparing a Golden Glove welter weight boxer to the Heavy Weight champion.   Yeah, they both box but there are major differences.

 
 
 
JohnRussell
5.2  seeder  JohnRussell  replied to  Sean Treacy @5    7 months ago

To some people, the entire rationale for electing Trump is that without him the economy would collapse and there would be mass unemployment and suffering. It's ridiculous. 

We can leave the scumbag behind, and the next president, Democrat or Republican will preside over a successful economy. 

 
 
 
XDm9mm
5.2.1  XDm9mm  replied to  JohnRussell @5.2    7 months ago
To some people, the entire rationale for electing Trump is that without him the economy would collapse and there would be mass unemployment and suffering. It's ridiculous. 

Who exactly is saying that JR?  No one that I've seen.  Most are simply noting why take a chance and upset the apple cart.  When you have a good thing going, you keep the people responsible for most of that good in place.

We can leave the scumbag behind, and the next president, Democrat or Republican will preside over a successful economy. 

Yes we can.  The next President will have a phenomenal economy left to him by multiple Trump administrations.  He or she will assume office knowing that there are in place trade deals that at the least level the playing field for America and it's people and companies.  He or she will not be hamstrung by the knowledge that previous administrations, both Democrat and Republican, permitted it's major economic and likely military antagonist unhindered access to stealing American knowledge and inventions with impunity, they will have hit the wall called Donald Trump.

The primary economic challenge the next president will likely encounter is how to expand an already expansive industrial and economic base and put yet more Americans to work without the total destruction of the economies of other more vulnerable countries.  That will be a hard road to follow.

 
 
 
JohnRussell
5.2.2  seeder  JohnRussell  replied to  XDm9mm @5.2.1    7 months ago
When you have a good thing going, you keep the people responsible for most of that good in place.

Trump is not fit to hold office. There are many other people who could shepherd this economy. 

 
 
 
XDm9mm
5.2.3  XDm9mm  replied to  JohnRussell @5.2.2    7 months ago
Trump is not fit to hold office.

Only in your TDS world view JR.  There are in point of fact millions of people that disagree with you.

There are many other people who could shepherd this economy.

Yes, there very likely are.  But as of now, none from the opposition party and the Republican party is happy with the President.

 
 
 
Dismayed Patriot
5.2.4  Dismayed Patriot  replied to  XDm9mm @5.2.1    7 months ago
When you have a good thing going, you keep the people responsible for most of that good in place.

90% of the current economy recovered under President Obama yet Republicans demanded another shot at running the country even though they were the ones who ran it into the ground under the GW Bush administration. Now they've kept about the same growth and reduced unemployment by an additional 1% (after it was cut by 5% under Obama) and dishonest scum bag Republicans are trying to take all the credit for the recovery and growth rates acting as if the years between 2009 and 2017 didn't exist and dirty Donald was somehow responsible for the last decade of growth, all time high stock market numbers and the overall US financial recovery from the -2.5% GDP Bush and Co. left us with.

 
 
 
XDm9mm
5.2.5  XDm9mm  replied to  Dismayed Patriot @5.2.4    7 months ago
90% of the current economy recovered under President Obama yet Republicans demanded another shot at running the country even though they were the ones who ran it into the ground under the GW Bush administration.

And they've done a fantastic job at that since Trump took office.

Now they've kept about the same growth and reduced unemployment by an additional 1% (after it was cut by 5% under Obama) and dishonest scum bag Republicans are trying to take all the credit for the recovery and growth rates acting as if the years between 2009 and 2017 didn't exist and dirty Donald was somehow responsible for the last decade of growth, all time high stock market numbers and the overall US financial recovery from the -2.5% GDP Bush and Co. left us with.

Here's a hint.  Obama had the benefit of almost three trillion dollars of taxpayer funded stimulus pushing his business hating ass uphill.  He also had the benefit of the Federal Reserve helping with that pushing by pumping 85 billion dollars a month into the financial markets for six and a half hears of his business hating administration pushing his ass up hill.

When President Trump simply won the election, the markets reacted positively and started another uphill climb, which is continuing to this day and that uphill climb ended the Obama flat lining we suffered during his last year and a half in office.

President Trump also had no help from the Federal Reserve as they were RAISING interest rates as opposed to the 6 1/2 years of near zero interest rates Obama enjoyed.

So, yes.  Trump is doing a fantastic job pushing unemployment to some of it's lowest levels seen in our lifetimes, the markets have been and continue to boom under President Trump all of which is anathema to the Trump haters of America who would very likely have preferred to see the recession if not depression they all claimed we would endure on his election.  Oh, and the icing on the cake is we are not in the nuclear war they all predicted.

So, continue to hate Trump and blame Bush, but the only thing you prove is that the left has nothing to compete against his success, now or in the future.

 
 
 
Nerm_L
6  Nerm_L    7 months ago

Well, it really is important to dive in deeper than just cite number of jobs created.  There needs to be a comparison between full time and part time employment; full time employment typically has access to benefits like health insurance and retirement plans.  And there needs to be some analysis of job growth by sector.  Participation in the labor force is also an important measure.

The affect of job growth on the public assistance rolls is also an important measure of how well the job market is performing.

What the seeded article highlights is how news organizations utilize facts to express opinion rather than truth.  The journalist has presented a political message to score political points but has not really informed the public.  The presented facts do not represent truth; they represent a political opinion.

 
 
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