Why in the Blue Hell does Trump get so much credit for the economy?

[Nexus2]

Its been the area where's constantly held a lead constantly, even now with the train wreck occurring under his watch. Its the most lauded thing I hear from people that intent that voted for him and intend to again.

"I don't like <fill in any number of things Trump's done, including the Tweeting> but he's good for the economy!"

[Wellstone ruled]

1. Fox Business Channel

as well as CNBC Business Channel. Bloomberg Business run three plus hours each day hard core pro Trump.

[Karadeniz]

2. Then they're pathetic.

[Wellstone ruled]

8. Forgot to add

Rupert Murdoch's Wall Street Journal. All of the above mentioned forums feedback Loops are included into the Algorithm's used in today's Market Making activities. When 80% of today's Stock Trading is Computer Logic and Flash Trades,you are seeing how the 1% are driving a false economy.

As my old Broker Friend would say,the sheep are clueless on how we use their money to make ourselves wealthy and we feed them crumbs just to pacify them.

[SharonAnn]

22. They think the stock market is "the Economy". It's not.

[Wellstone ruled]

25. For them,it is great

propaganda and the Talking Heads(talents)all make north of 5 mil a year. Years ago I went to a Kramer Seminar with our Son In Law,he had free tickets. Wish I would have wore my Barn Boots and Bibbers and bought a scoop shovel,what a pile of Bull crap that sucker was peddling. Subscribe to this and Subscribe to that it will make you rich. No,it will make your rich. At the time,8% interest was paid on Pass Book Accounts and he had a ton of Dot Bombs to sell.

[Grasswire2]

3. let's look

1 in 5 American children without sufficient food for nutrition

Evictions crisis

Unemployment $$ FUBAR

Businesses closing everywhere, of all sizes

Food banks stressed beyond capacity

Stock market only up because Treasury is buying trillions of dollars in corporate bonds to juice the market. Taxpayer dollars.

See? It's all a mirage.

[Newest Reality]

4. +1000

[onetexan]

6. 56 million unemployed currently. that's 5 people for every job available.

[jmowreader]

12. You forgot one that's huge

We're on the verge of a MASSIVE economic collapse that we won't be able to recover from because Trump decided to use the entire bag of recovery tricks to overstimulate what was a very good and strong economy.

[LakeArenal]

5. Dump claims success. No one gives it to him but the press

[eissa]

7. Every trump supporter I know touts his economy

and it drives me nuts. He was handed the economy on a silver platter by the Obama administration. Everything was trending upward with little help from him. Obama took us from 9% unemployment to 4%. We were hemorrhaging nearly half a million jobs PER MONTH when he came into office, and he had added 11 million by the time he left. The markets were healthy and deficit lowered. Trump couldn’t have asked for a better inheritance, other than the one daddy left him.

[SharonAnn]

23. Obama nearly tripled the stock market value.

[SharonAnn]

24. Obama nearly tripled the stock market value.

[Demonaut]

9. it's what a democrat tells a retrumplican to keep the peace

[SallyHemmings]

10. Because too many refuse to believe

Obama’s good works!

[Solomon]

26. This. It's shameful.

[gulliver]

11. I think Biden and Harris will have to claim the Obama/Biden economy repeatedly until it sinks in.

It might be a "wait til you see the whites of their eyes" situation. For example, it might be better to spring on Trump the fact that Trump is entitled to no credit while Trump is onstage at a debate. Hammer Trump with his squandering of the Obama/Biden economy at the debate. Then let Trump rage about it on Twitter, driving the harpoon deeper into his own blubber.

[andym]

13. Simple answer: false narrative and history of 3 years of growth before the crash

1) Trump's narrative is that he is a phenomenally successful businessman-- never mind the reality of his bankruptcies and numerous business failures. This narrative has been created by years of self-promotion and shows like the Apprentice. Probably the most important determinant and difficult to challenge-- it's a big reason why he doesn't want the tax returns released. His tax returns would help destroy this narrative.

2) 3 years of growth, juiced by big corporate tax cuts-- never mind it was really the continuation of the recovery that began under Obama/Biden's economic recovery. People perceive that the success reinforces 1, the narrative.

3) Public willingness to do ANYTHING, include sacrifice American lives (think Covid-19) to push the stock market higher. Ironic, because the "anything" he has done actually has hurt the economy tremendously-- if we had headed off Covid-19 like S Korea and New Zealand we would be much better off.

So people need to hear that 1) Trump was not too successful in business-- it was all smoke and mirrors, 2) that the growth of the economy has been going on since 2009, until Trump crashed it, and 3) he doesn't get that protecting American lives actually helps the economy.

[doc03]

14. I don't know the unemployment is now higher

than at the hight of the Great Recesson. If you have stock you are doing great, I guess.

[Demsrule86]

15. Oh BS...the economy is going to cost Trump his job.

[rownesheck]

16. The economy sucks ass.

the true economy ain't good when millions are out of work. Fuck the stock market. That's not a real measure.

[maxrandb]

17. Because he repeatedly said; "created the greatest economy in the history of the world"

And the stenographers in the media simply played like human Xerox machines, parroting the bullshit until it became a thing.

See also, "butter emails", birtherism, I'm a great businessman and I make great deals.

Same shit, same day.

I seriously hope that one thing that happens because of this shitshow is that the media properties are broken into a billion little pieces, and a great deal of those that currently cosplay as journalist are relegated to doing nothing but reporting obituaries in some godforsaken Dumbfuckistan Murika shithole.

"I'm Chuck Todd reporting that Gertrude Alflin, 86, passed away today after a short illness. She asks that in lieu of flowers, people play a Bingo Card for her at the Wednesday night Rotary Club Bingo and spaghetti dinner... back to you Andrea..."

[RT Atlanta]

18. he bays so much and loudly about the economy

where, if you lie enough, folks (the rubes) will start to believe the lie.

donnie did nothing more than (as he usually does) ride the coattails of the folks that put the economy together (and saved us from the last great republican recession).

[tableturner]

19. My thoughts from another thread....

Time to obliterate Trump's claim "I built this economy". It's his ONLY polling advantage.

Trump piggybacked off of the economy Obama and Biden built, and then he threw it down the drain. Our side needs to set the record straight. This is the ONLY issue that gives Trump an edge, and it doesn't have to be this way. I know that Democrats have pushed back, but the push-back hasn't been as focused or repetitive as it needs to be to get the job done.

The numbers don't lie, nor do the graphs that show almost the same GDP growth the last three years of the Obama/Biden administration as the first three years of the Trump administration.

The Biden camp needs to bring out the charts and graphs, which would show the truth in a way that almost any American could understand, and it needs to be done often. Trump has had this issue handed to him on a silver platter. It could be yanked back very easily if the proper effort were to be made.

Here is the graph, plus an analysis from the Bloomberg 2020 campaign:



Analysis:

"President Trump’s self-proclaimed turnaround of the U.S. economy was a prevalent theme throughout last night’s State of the Union. At one point he touted that, “the years of economic decay are over.” This might lead one to believe the U.S. economy was in free-fall prior to Trump stepping into office and saving the day.

"Nothing could be further from the truth."

https://www.mikebloomberg2020.com/es/news/chart-of-the-week-debunking-the-trump-economy

[ananda]

20. Propaganda I think.

There's no real basis for it.

[lettucebe]

21. That's what I wanna know? He did nothing to create the economy