The economic record

jon-nyc · 6 Nov 2020, 20:34

Facts don’t care about your feelings, Jolly.

jon-nyc · wrote on 6 Nov 2020, 20:31

@taiwan_girl said in The economic record:

I will be the broken record, but not really his fault. But then again I don’t believe all the success as his either.

I get that, however, it remains the case that when you see presidential administrations compared by economic records partly-to-mostly out of their control, Trump will stand out for his inferiority.

Jolly · 6 Nov 2020, 20:39

@jon-nyc said in The economic record:

Facts don’t care about your feelings, Jolly.

Facts are always considered in light of events. To do otherwise is disingenuous.

Catseye3 · 6 Nov 2020, 20:40

@Jolly said in The economic record:

Facts are always considered in light of events. To do otherwise is disingenuous.

What does this even mean? Facts are facts. If something changes in light of an event, then it wasn't a fact, it was something else -- a projection, a supposition, an educated guess, whatever.

It would be truer to say that events are considered (whatever "considered" means in this case) in light of the facts. Though that probably isn't always true, either.

Jolly · 11 Jun 2020, 20:40

@Catseye3 said in The economic record:

@Jolly said in The economic record:

Facts are always considered in light of events. To do otherwise is disingenuous.

What does this even mean? Facts are facts. If something changes in light of an event, then it wasn't a fact, it was something else -- a projection, a supposition, an educated guess, whatever.

It would be truer to say that events are considered (whatever "considered" means in this case) in light of the facts. Though that probably isn't always true, either.

Take WW2 out of it, and FDR was an economic failure.

Copper · wrote on 6 Nov 2020, 21:11

@jon-nyc said in The economic record:

Yeah Covid. But these are the facts:

If Trump's term were to end today his economic record would be as follows:

1.37% avg annual GDP, the lowest ever for a President.

800,000 lost jobs. The most by any President over his term.

$7 Trillion increase in the national debt, the largest ever.

This list seems somehow incomplete.

jon-nyc · 11 Jun 2020, 21:17

True. But GDP, Jobs, and Debt are certainly 3 of the top...thinking on the fly... 6 metrics maybe?

I'd add trade deficit (he was record bad), inflation (good) and market (good).

George K · 8 Nov 2020, 02:19

@jon-nyc said in The economic record:

800,000 lost jobs. The most by any President over his term.

October's numbers show 685K new jobs.

Does your comment include those?

Jolly · 8 Nov 2020, 01:48

Growth of 33.9% for the last quarter, wasn't it? I could be wrong...

George K · 8 Nov 2020, 01:49

@Jolly said in The economic record:

Growth of 33.9% for the last quarter, wasn't it? I could be wrong...

I think Jon's looking at it over the years of his presidency.

Overall, he's probably right, when you average it out. 2020 was disastrous.

Jolly · wrote on 8 Nov 2020, 01:49

@George-K said in The economic record:

@Jolly said in The economic record:

Growth of 33.9% for the last quarter, wasn't it? I could be wrong...

I think Jon's looking at it over the years of his presidency.

Overall, he's probably right, when you average it out. 2020 was disastrous.

And it has been that way over most, if not all, if the First World.

But Trump...

Axtremus · 8 Nov 2020, 02:01

You can, for example, compare the percentage changes in those economic metrics between the US and other advanced economies.

George K · wrote on 8 Nov 2020, 02:01

@Axtremus said in The economic record:

You can, for example, compare the percentage changes in those economic metrics between the US and other advanced economies.

OK. You made the claim.

Have at it.

And no, I'm not going to do your homework for you.

Axtremus · 8 Nov 2020, 02:06

I’m also not planning on doing that homework either.
Then again, I’m not the one arguing against the comparisons @jon-nyc posted.

George K · wrote on 8 Nov 2020, 02:06

@Axtremus said in The economic record:

I’m also not planning on doing that homework either.

Mik · 8 Nov 2020, 02:13

@George-K said in The economic record:

@Jolly said in The economic record:

Growth of 33.9% for the last quarter, wasn't it? I could be wrong...

I think Jon's looking at it over the years of his presidency.

Overall, he's probably right, when you average it out. 2020 was disastrous.

And would have been disastrous regardless of who was in government.

Jolly · wrote on 8 Nov 2020, 02:11

@Axtremus said in The economic record:

I’m also not planning on doing that homework either.
Then again, I’m not the one arguing against the comparisons @jon-nyc posted.

Calhoun don't want that ball!

Jolly · M Mik 8 Nov 2020, 02:07

@Mik said in The economic record:

@George-K said in The economic record:

@Jolly said in The economic record:

Growth of 33.9% for the last quarter, wasn't it? I could be wrong...

I think Jon's looking at it over the years of his presidency.

Overall, he's probably right, when you average it out. 2020 was disastrous.

And would have been disastrous regardless of who was in government.

And most sentient beings without an ad to grind, know it.

jon-nyc · wrote on 8 Nov 2020, 02:16

The depression would have sucked for any president.

It shows up in Hoover’s stats.

Them’s the breaks.

George K · 11 Aug 2020, 02:23

@George-K said in The economic record:

@jon-nyc said in The economic record:

800,000 lost jobs. The most by any President over his term.

October's numbers show 685K new jobs.

Does your comment include those?

Does that mean 115K jobs lost?

Does that still mean the most by any President over his term?

ETA: Trump still has (presumably) about 2 months in his term. Isn't it a bit premature to pull that trigger?

The New Coffee Room

The economic record