209,000 jobs were created in 7/17, not bad

[aaaaaa5a]

14. A new administration has no budget or structural impact on the economy until October.

Trump is an idiot. All of his boasting of the current state of the economy is under Obama's budget, rules and economic policies. When the stock market hit 22,000, that was under Obama's economic budget. The 4% unemployment rate, (vs the 10% he inherited) is a stunning legacy of achievement for Democrats and President Obama.


The budget and economic policies of the US economy are essentially done one year in advance. The fiscal year is October to October. Therefore Trump has no structural impact on the economy until his budget and economic principles are implemented in October.

It bothers me when I watch press reports and NOBODY seems to understand this or bother to explain it to the public at large.

This economic budget cycle impacted the Obama administration too. But in a negative way. The GOP Bush budget was so bad and so hurtful to the economy that for most of 2009, while Obama was in office waiting to implement his budget, under the Bush plan the United States economy was striking at a record rate. Obama's plan for economic change could not be implemented until October of his first year. You can't go back and retroactively change something as big as the United States fiscal budget. This was true for Obama in 2009. And its true for Trump now in 2017.

Obama saved the country from a Great Depression. The job growth and stock market gains during his Presidential years, October 2009-October 2017 are record setting. They are among the greatest in US history.

I wish the media and so called economic experts could report some facts as to how the US economy actually works. And who is really responsible for its successes and failures.