The economic record

[jon-nyc]

@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]

@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]

@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]

@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]

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

2. 800,000 lost jobs. The most by any President over his term.

3. $7 Trillion increase in the national debt, the largest ever.

This list seems somehow incomplete.

[jon-nyc]

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]

@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]

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

[George K]

@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]

@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]

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

[George K]

@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]

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]

@Axtremus said in The economic record:

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

[Mik]

@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]

@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]

@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]

The depression would have sucked for any president.

It shows up in Hoover’s stats.

Them’s the breaks.

[George K]

@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?

[LuFins Dad]

Biden will get credit for the jobs recovery AND Social Security solvency since most of our seniors will be gone and there won’t be as much to pay out...