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Author Topic: Trump claims credit for what is still mostly Obama's economy  (Read 329 times)

Offline gogators!

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Trump claims credit for what is still mostly Obama's economy
« on: January 18, 2018, 11:25:06 AM »
Quote
President Donald Trump relentlessly congratulates himself for the healthy state of the U.S. economy, with its steady growth, low unemployment, busier factories and confident consumers.

But in the year since Trump's inauguration, most analysts tend to agree on this: The economy remains essentially the same sturdy one he inherited from Barack Obama.

Growth has picked up, but it's not yet clear if it can sustain a faster expansion. Hiring and wage growth actually slowed slightly from Obama's last year in office. Consumers and businesses are much more optimistic, but their spending has yet to move meaningfully higher.

"I don't see any noticeable break over the past year," said Michael Strain, an economist at the conservative American Enterprise Institute. "We tend to overstate the degree to which the president has the ability to control the economy."

So what has trumpy accomplished besides supporting their rich in their efforts to get richer?

Offline Mr.DeMartino

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Re: Trump claims credit for what is still mostly Obama's economy
« Reply #1 on: January 18, 2018, 12:39:19 PM »
Paul Krugman said the economy would collapse in the first year under Trump. If it did, people would say it's all his fault.

That being said, the notion that we give too much credit to the President one way or the other is usually correct.

Offline gogators!

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Re: Trump claims credit for what is still mostly Obama's economy
« Reply #2 on: January 18, 2018, 08:41:32 PM »
Paul Krugman said the economy would collapse in the first year under Trump. If it did, people would say it's all his fault.

That being said, the notion that we give too much credit to the President one way or the other is usually correct.
How about a link? Or is this just more of your FAKE news?