kane

Both are correct. Excellent observation.

kane

Missed it.

Fitty Obamas not getting credit.

marlboroack

Obama didn't do shit but hurt the economy according to the new president

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Gotta give credit where credit is due

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DBS.US

Obama,Obama,Obama, move on.

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VRPdommy

I know many either do not believe this or have given it much thought.
But I have always preached the idea that there is nothing a president can do to effect the economy in a measurable way short of 6 months. To do that in a 6-12 month period, the Bush admin put those checks in the mail twice to boost the economy in the short term. And it did boost the economy measurably in short order. Problem was he had to borrow the money from China and India to make it happen. Short term boost with a longer term deficit that they blamed on the other party.

Nothing effect the economy more than the price of OIL.
I have said before that Trump appears to be doing Putin's work in making the price of oil 'unstable' to say the least. From rejecting the Iran nuclear deal and putting those oil exports in question (directly affecting the oil futures market) to keeping the 'unrest' in oil producers in the middle east and South America.

The current price of oil will show in the economy next year.
Who will get the blame. Trump has already started to blame OPEC.

But know that the Russian economy under it's current state can not survive when oil prices are under $55 and support all that they do abroad.
Since trump took office, the price has went from about 45-$50 to $65-$75
Up over 70%

Also ask yourself who has the most to gain in a trade war.
Those who play by what rules there are or those who see it as a opportunity to forge new trading alliances.
You will not feel the effects of this for a few years but it will have a long lasting effect.

Yes, if you were writing a book on what not to do, the Trump admin seems to be using it as a playbook. I just want to know who is really guiding his thinking on this.
If you were to ask me, I'd say Putin advisors. They have everything to gain in everything Trump has done. If not the government directly, those that seem to own everything over there.

Your going to feel all of this and Trump will not be in office when you do.
Who will get the blame ?

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Fascinating. So the next 2 years will show the REAL effects of the Trump presidency?

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NewNick

The next 5 years.

Or even longer depending on what else the bulbuss fool spouts next.

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Scrapper

First term Presidents kind of have their hands tied. It's all or bust this November's mid-terms. If he can't get control more rhetoric and bullshit. If he does a clear shot for a second term. IMO it really does not matter and after reading this thread.. we are still dragging way too much debt to really matter on any outcome or president for that matter.

This is all distraction as what scares me is the huge warning sign to come. There will be a huge market rally days and then a crash. Just like the last time in 1929. What people do NOT understand, there must be booms and bust in a capitalistic society to function correctly.

Our Gov/Fed have been preventing this as you can hide from reality, but you can not hide from the consequences of hiding from reality.

VRPdommy

Yes but in politics, it's not about 'who done it', it's who to blame for it.

Republicans will blame trump. And I doubt many democrat's will be vocal and disagree.
It's very hard to point to 300 members of the house and have the public idendtify with that.
No,.... trump will be 'the man'. They have no alternative except Nancy Peolosi... LOL and I doubt even republicans would buy that. But you never know in today's world. But highly likely 'some blame' will be put on whoever becomes the democratic candidate for POTUS whenever that is decided.

But the entire congress shares the blame or credit.
POTUS/Trump can't spend money congress does not allocate. All spending starts in the HOUSE.
He can't / didn't make the tax cuts, but he put his sig on the legislation to enact what the house and senate passed. And it was not 'his plan'. But he did have the power to stop it.

But I did note what I think the play book will be in general when those tax cuts to the upper narrow percentage of the 'well to do' have there impact.
They will say, see, it's the democrat's spending to much and a new blame shift born.
Then, if they should regain majority again, focus on this new evil of deficit spending (from the lack of tax revenue) on cutting the budgets of the EPA, FDA and anyone who holds the power of regulation over biz. Stopping there ability to enforce whatever rules remain.

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Mid-terms election will be the test...

All polls indicate to a MASSIVE GOP WIPEOUT - as in a CRUSHING BLUE WAVE... Polls indicate 18%+ advantage....

Then again, polls have been wrong before

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VRPdommy

Polls are only inaccurate because you do not know who is actually going to show up to vote.
Which is exactly how trump managed a victory.
Sometimes it comes down to who has motivated the electorate to a higher degree.

Watch after the mid terms as the right begins to demonize whoever looks like the democratic front runner. (not sure they have one right now but it could be Liz Warren) and they will want to present as many negatives as they can (with correct or incorrect info but appearances are king) .
The methods, however distasteful, are very effective and is why they continue to do it election after election.
Can you keep some home from voting in the first place ?
I always turn out to vote. I may not vote every position or issue, but I am there to do that.
I'm not going to give up on a congressional / senate seat just because the presidential nominees are 'unattractive'. I advise everyone on both sides to think the same way about it.

Trump won on a mere 'less than 25%' of the general population that could have been registered and could have voted. Down only a few percentage points from normal but enough to make a difference.

There are 250 Million folks that are 18+ and citizens that could be registered and vote.
.............138 Million actually were registered AND voted.
.....almost 63 million actually voted for Trump

The majority do not rule if they take a pass. Don't become just some statistic.

I stress here that you need to be registered and at least tun out to have a influence of the thinking of who the politicians wish to cater to and limit what they think they might get away with. You don't participate, why should they care, you can't hurt them if you are not a least registered.
Don't make it so easy and cheap to be taken for granted.

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What? You think DJT will be reelected?

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Paul Markham

Obama had no option but to rescue the banks, in doing so he just gave them $billions of tax payers money ans borrowed. It will never be repaid and borrowing continues unabated.

Where is the major growth in employment, non-skilled, low skilled or high skilled and well paid jobs?

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VRPdommy

Well, I'd like to know just what Obama had to do with the banking collapse ?
Bush did not loan the automakers the money to re-tool for the next model year NOR prevent them from being bought-up by foreign automakers (at 10 cents on the dollar) because they did not collapse.

You might be able to argue the point that it was your tax dollars at work but it seems to me,

you just gave up a whole bunch of tax collections to benefit stockholders on the premise of JOBS. Jobs are contrary to profits. You probably have just funded more automation and job loss going forward.
So who brought you the jobs ?

Perhaps when they are cutting services to pay for those tax breaks you will see it differently. Of course, that depends on who in in office next year doesn't it.

You might say that trump created some jobs allowing fast-track of a foreign oil co to use eminent domain to seize the private property of citizens created some temporary jobs building that pipeline, but it does not amount to those jobs lost by not hauling that same product by road and rail that pay even more and would still be around.

If you are going to count marbles, look where the marbles are. You can not see if you don't look. Open your eyes.

thommy

he don´t have to be reelected - the desaster is already sown and it will grow like weeds.

even when someone stops trump now and replace all his wrong decisions the effect will be felt over the next 20 years.

US trade deficit is larger than ever before and the local economy is booming because of loans given. while the debt of the private households in USA under obama constantly went down it rises under trump dramatically. this was exactly the situation what have cause the 2008/2009 financial crisis.

people without economic knowledge love to look at the moment and don´t think about the consequences of this situation.

the shares in dow Jones were already overvalued when obama left and today have reached a point that can no longer be explained by growth, because this growth is simply not existing and the tradebalance was never worse in the past 20 years.

trump gave billions and billions to the companies to buy their own shares back (what explains the demand). this billions he gave he takes back from the regular consumer who have to pay higher prices on nearly all goods caused by the tariffs.

this inevitably leads to a mass bankruptcy of the ordinary people. they will lose houses, cars and savings and if it should go sometime again upward they may buy back their own shares again (on new loans) and keep the companies liquid.

did someone ever think why companies should sell their shares what can make 4, 5 oder 10% profit per year while banks given credits on 2 or 3% ?

all that is already here and not a prophecy.
if one have just a small clue of how economy works can count 1 +1 together he knows the answer.

BUT - these are the good news. as trump tries to maximize his trade war it will become worse.

Q3 number will make that visible already and Q4 numbers will make it visible for the blind. Q1+Q2-2019 will show the reality - no matter if trump is still there or gone.
to put out this fire we take decades.

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thommy

at least one here who knows about market rules and long term effects.

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If the constitution allowed it, would you guys have vote for a THIRD OBAMA term? That's the real question...

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kane

If the choice were between Obama and Trump, I would have voted Obama.

If it were a different Republican, I guess it would depend on who that Republican was.