Obama pushes Trump's button on economy. Trump responds: 'Did you hear the latest con job?'

[Zorro]

Source: Washington Post

On Monday, former president Barack Obama commemorated the 11th anniversary of the American Recovery and Reinvestment Act, the $800 billion stimulus, with a tweet, boasting that it “[paved] the way for more than a decade of economic growth and the longest streak of job creation in American history.”

Obama’s tweet did not sit well with President Trump, who brags constantly about being responsible for the “greatest economy in the history of our country” and has touted economic growth as a main talking point in his bid for reelection.

Trump fired off back-to-back tweets Monday evening, writing, “Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration.”

Trump went on to attack Obama for having the “WEAKEST recovery since the Great Depression,” adding, “NOW best jobs numbers ever.” The president concluded his missives with an all-caps declaration: “THE BEST IS YET TO COME. KEEP AMERICA GREAT!”


Read more: https://www.washingtonpost.com/nation/2020/02/18/trump-obama-economy/

[riversedge]

1. Sane people believe Obama.

[ProudMNDemocrat]

2. Whatever Pres. Obama builteth, Trump must destroyeth.......

The BIGGEST con job Donnie Doofus, is the 2017 Tax Cut that Republicans cannot run on. Or the fact that you added another $3 Trillion to the National Debt that you PROMISED would wipe out.

You just jealous of Barack Obama because he was a REAL President of the United States and a REAL human being.

[riversedge]

3. Pres. Obama Tweet............

Link to tweet

?s=20

[tanyev]

4. Ransom Note font.

https://fontmeme.com/ransom-note-fonts/

[Maxheader]

5. Mission Impossible...

Forcing a winger to admit the democrats saved their asses..

[eShirl]

6. sit your ass down, Grifty the Clown

[duforsure]

7. trump's claims are again nothing but false propaganda he promotes

For himself knowing its false, and conning his people into believing it. Obama didn't take people off of their health care plans, or cut Social Security, or drive the deficit sky high once things were stabilized, but trump has. Its another Bush economy propped up with our money , or bribing others with our money to prop up the market for him like W Bush did to claim its good, when it wasn't, and many indicators show that . The difference will be trump pressured the FEDs to keep interest rates lower, helping his payments on all the debts he owes on, and keep inflation from going up , but he's only made it worse when it crashes like it did from W Bush. By keeping the interest rates lower, they'll be less room to cut rates when it tanks causing a much longer recovery, and a harder one. When this catches up to him he'll just claim others were responsible with his run of excuses he brag's about using.

[William Seger]

15. Dems need to beat him over the head with his dishonesty

Every chance they get, Dems need to remind the public that Trump is a liar, about everything. Good idea to focus on health care, I think, but they can start by reminding voters that Trump is simply the worst fucking liar to ever sit his ass in that office.

[Bernardo de La Paz]

8. During Obama's recovery job GAINS were higher. There is better unemployment rate now because Obama

... because Obama made those big job gains in his two terms.

Unemployment rate has slowed down during tRump regime.

The peak in 2009-10 would have been higher without Obama. It also shows there is about an 18 month to 2 year lag. So the first two years of tRump are due to Obama.

[turbinetree]

9. Hey Trump all I have to say is Deutche Bank................and the Russians....................

[forgotmylogin]

10. Obama assembled the Ikea bed, I45 takes credit for laying on it. (n/t)

[moose65]

12. LOL

I think you win the internet today!

[progree]

11. Real weekly earnings: Obama last 3y: +4.50%, Trump's 3y: +3.18%, Last 12 mo: +0.15%

Real (meaning inflation-adjusted) average weekly earnings of production and non-supervisory workers:
http://data.bls.gov/timeseries/CES0500000031

. . Obama's last 3 years: +4.50%, Trump's 3 years: +3.18%, Last 12 months: +0.15%

The above on an annualized basis:

. . Obama's last 3 years: 1.48%/yr, Trump's 3 years: 1.05%/yr, Last 12 months: 0.15%/yr

What's odd is that pretty much ever since Trump has been president, the media has been talking about the tightening labor market and wages finally rising as a result. Well, the figures show a wage slowdown compared to Obama's last 3 years. Another MSM meme shot the fuck to pieces.

Here's the hourly version for those who prefer that:

Real (meaning inflation-adjusted) average hourly earnings of production and non-supervisory workers:
http://data.bls.gov/timeseries/CES0500000032

. . Obama last 3y: +4.20%, Trump's 3y: +3.16%, Last 12 mo: +0.75%
. . The above on an annualized basis:
. . . . Obama's last 3 years: 1.38%/yr, Trump's 3 years: 1.04%/yr, Last 12 months: 0.75%/yr

The nominal dollar, aka current aka greenbacks version (raw, not adjusted for inflation, but seasonally adjusted)
. . weekly: http://data.bls.gov/timeseries/CES0500000030
. . hourly: http://data.bls.gov/timeseries/CES0500000008

In other news, life expectancy has declined for 3 years in a row -- unprecedented in American history, but so is Trump.

[rickyhall]

13. IMPOUTUS wouldn't know the truth if he fell over it.

Get this through your demented head, dump, YOU ARE A FAILURE.

[William Seger]

14. But stock market went way up, because that's where most of Trump's tax cuts went

... with prices chasing existing equity that isn't growing in real value nearly as fast, AKA a bubble, but the Wharton School business genius thinks that the stock market creates wealth.

[Roy Rolling]

17. Corporate Tax Cuts

Corporations took money they were gonna pay in taxes and bought back their own company stock. In essence, taxpayers paid for stock prices to go higher.

Totally not socialism here.

[louis-t]

16. 'Did you hear the latest con job?'

"No, what did you say?"

[hughee99]

18. Don't we have a whole bunch of candidates campaigning on how the economy isn't that good, and

that Trump is lying about it?

[truthisfreedom]

19. Of course it's all because of Obama. He set into motion the greatest US economic recovery of all

TIME.

[dalton99a]

20. Kick

https://www.democraticunderground.com/100213000540