The Next Recession Is Going to Be Brutal. The economy is showing signs of turning ...

Discussion in 'Economy' started by Blaine Sweeter, Aug 14, 2019.

  1. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Yeah, Obama's market was awesome!
    Trump's has been better.
     
  2. Faun
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    Faun Diamond Member

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    Which has nothing to do with the market going up under Obama other than I.peached Trump inheriting a good economy.
     
  3. Oldstyle
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    Oldstyle Platinum Member

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    As soon as the Chinese come to the conclusion that Trump most likely will be reelected they're going to come to the bargaining table and make a deal, Tijn! The only reason they haven't done it before now is that they were holding out hope that a Democrat would win. They can't afford much more of what's been happening. Their economy is in a free fall.
     
  4. Oldstyle
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    Oldstyle Platinum Member

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    Interest rates are far higher than they were for the entire eight years Obama was in office, Brain. If the economy needs a shot in the arm they can be lowered.
     
  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Yes, Obama's 1.6% increase in real GDP in 2016 was awesome!
    Maybe that's why the market rallied so much after Trump won?
     
  6. Faun
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    Faun Diamond Member

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    LOLOL

    GDP under Obama was only 1.6% if you factor in Bush's Great Recession. GDP was about -8.4% during Bush's final quarter in office.

    From when Bush's Great Recession ended, GDP under Obama grew 2.4%. It's been 2.6% under Trump. And that's from the world's greatest business man who bragged he could produce GDP growth as much as 6% annually. He hasn't even had a quarter exceed 3.5%.
     
  7. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    GDP under Obama was only 1.6% if you factor in Bush's Great Recession.

    In 2016. Obama's real GDP was +1.6%.
     
  8. Faun
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    Faun Diamond Member

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    That's just one year. Over the course of his presidency from when Bush's Great Recession ended, GDP growth was 2.4%.
     
  9. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    That's just one year.

    Yes, that's the "good economy" Trump inherited from Obama.

    Over the course of his presidency from when Bush's Great Recession ended, GDP growth was 2.4%.

    That sounds a bit high, can you show your math?
     
  10. amethyst
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    amethyst Platinum Member

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    Geez Louise,

    1. the rest of the world is in the negative.

    2. The feds favored nobama by lowering rates often.

    3. The dummocrats won't fill his cabinet after all these years.

    The only danger of recession will come from the virus spreading.
     

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