Trump is being handed a great economy. What happens when it goes south?

[DonViejo]

By Catherine Rampell Opinion writer December 26 at 7:01 PM

Back in October, a Marketplace-Edison Research Poll found that two-thirds of Donald Trump voters didn’t trust government-reported economic data, thanks partly to their candidate’s insistence that the numbers are bogus.

Something tells me this attitude is about to change.

After all, Trump will soon take office with among the most favorable economic conditions — as measured by the government and private data sources — imaginable. And you can bet that he, and his supporters, will gleefully claim credit.

Until things go south, anyway.

For now, rose-colored economic data abound. The most recent jobs report shows the unemployment rate down to 4.6 percent. It hasn’t been this low since August 2007, several months before the Great Recession began.

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https://www.washingtonpost.com/opinions/trump-is-being-handed-a-great-economy-what-happens-when-it-goes-south/2016/12/26/524ff948-cba9-11e6-b8a2-8c2a61b0436f_story.html?utm_term=.4b1b70567ae4&wpisrc=nl_headlines&wpmm=1

[Dustlawyer]

1. What happens, the blame game!

[longship]

2. We know the answer: "Obama's fault!!" Screeched to high heaven (so to speak). nt

[LonePirate]

3. Bingo! They will blame Obama/Dem loyalists deep within the bureaucracy for the problems.

[yuiyoshida]

4. I wonder ....

How much of this Economy will go straight into Trump's pocket?

[bdamomma]

16. he will pretty much

have all of it. Of course the repigs will screw everything up for the country aren't they staying true to form voting for this POS.

[jpak]

5. Clinton handed a great economy to Bush and they tanked it.

A condemned history deja vu all over again.

[NobodyHere]

6. Can someone tell me where this great economy is?

[ksoze]

7. "as measured by the government and private data sources"

[edhopper]

8. Compared to 2008

it is pretty good.

The long term trends of wealth and wages, started under and because of Reagan, continue.


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[lamp_shade]

10. I can tell you where mine is.

The Great Recession of 08/09 cost me 67% of my IRA and 56% of the value of my home.
They've both recovered completely and are moving in the right direction.

[kimbutgar]

13. I hope you move more of your IRA into cash as interest rates are going up.

It will take about 2 quarters before the orange hitler policies start to hurt the economy.

In 2007 I read about the mortgage industry giving out all these bad mortgages and selling them as CMO''s. I looked at the funds I had in my IRA and there were a lot of them. So I sold them and went to cash. My broker thought I was crazy. When things collapsed in 2008 he called me and asked how did I know? I had been working in the securities industry for 20 years and had been though some good and bad cycles. I saw the greed of some of the people working around me pushing bad investments on people. I stopped fully working in that industry in 2013 but I know things will start to take a bad direction after the 2nd quarter 2017. Plus all this rethug states will take hits as cut wages and pass more right to work laws.

[edhopper]

14. You think that early

I figured between the budget and tax cuts they will pass, it will be sometime in 2018.

Unless he does something like collapse the dollar.

[kimbutgar]

18. Look how he is taunting China

They will extract revenge early in his presidency.

[uponit7771]

15. 4.6% UE rate, U6 rate is falling for a year and LFPR has increased for a year.

[TheDebbieDee]

9. Thanks, OBAMA!

[kentuck]

11. Another taxcut?

That is all they have, really.

[randr]

12. When he fucks with China and WalMart can no longer import cheap products

it will be his minions who suffer most.
It galls me when I hear the "they took our jobs" chant" coming from people who think a trip to WalMart is a family vacation.

[briv1016]

17. They're already trying to coin the phrase "Obama recession."

Keep in mind, they still haven't taken credit for the 08' crash. That was Obama's fault too.

[greatauntoftriplets]

19. We all suffer.

Herr Drumpf will just line his pockets as was his intention.

[Yo_Mama_Been_Loggin]

20. K&R

[itcfish]

21. He Will Blame

Obama and Hillary of course.