Reply to What did Donald J. Trump Do to Deserve a Second Term?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Since you asked....

Economic Growth
4.2 percent growth in the second quarter of 2018.
For the first time in more than a decade, growth is projected to exceed 3 percent over the calendar year.

Jobs
4 million new jobs have been created since the election, and more than 3.5 million since Trump took office.
More Americans are employed now than ever before in our history.
Jobless claims at lowest level in nearly five decades.
The economy has achieved the longest positive job-growth streak on record.
Job openings are at an all-time high and outnumber job seekers for the first time on record.
Unemployment claims at 50 year low
African-American, Hispanic, and Asian-American unemployment rates have all recently reached record lows.
African-American unemployment hit a record low of 5.9 percent in May 2018.
Hispanic unemployment at 4.5 percent.
Asian-American unemployment at record low of 2 percent.
Women’s unemployment recently at lowest rate in nearly 65 years.
Female unemployment dropped to 3.6 percent in May 2018, the lowest since October 1953.
Youth unemployment recently reached its lowest level in more than 50 years.
July 2018’s youth unemployment rate of 9.2 percent was the lowest since July 1966.
Veterans’ unemployment recently hit its lowest level in nearly two decades.
July 2018’s veterans’ unemployment rate of 3.0 percent matched the lowest rate since May 2001.
Unemployment rate for Americans without a high school diploma recently reached a record low.
Rate for disabled Americans recently hit a record low.
Blue-collar jobs recently grew at the fastest rate in more than three decades.
Poll found that 85 percent of blue-collar workers believe their lives are headed “in the right direction.”
68 percent reported receiving a pay increase in the past year.
Last year, job satisfaction among American workers hit its highest level since 2005.
Nearly two-thirds of Americans rate now as a good time to find a quality job.
Optimism about the availability of good jobs has grown by 25 percent.
Added more than 400,000 manufacturing jobs since the election.
Manufacturing employment is growing at its fastest pace in more than two decades.
100,000 new jobs supporting the production & transport of oil & natural gas.

American Income
Median household income rose to $61,372 in 2017, a post-recession high.
Wages up in August by their fastest rate since June 2009.
Paychecks rose by 3.3 percent between 2016 and 2017, the most in a decade.
Council of Economic Advisers found that real wage compensation has grown by 1.4 percent over the past year.
Some 3.9 million Americans off food stamps since the election.
Median income for Hispanic-Americans rose by 3.7 percent and surpassed $50,000 for the first time ever in history.
Home-ownership among Hispanics is at the highest rate in nearly a decade.
Poverty rates for African-Americans and Hispanic-Americans have reached their lowest levels ever recorded.

Continued.......[/quote]

The fact that you start off giving a president — of any party — credit for the economy just shows that you’re an idiot.

One of the great enduring stupidities of the American presidential cult is the belief, rooted in invincible ignorance, that the state of the U.S. economy at any given moment is a reflection of the intelligence and wisdom of the chief executive of the federal government and a result of the excellence or insufficiency of his administration. “Sure, Bill Clinton may have been an intern-diddling hillbilly and maybe even a violent rapist, but, man, my IRA kicked ass in the 1990s!”[/quote]

The reference to your IRA is a reference to the stock market.  I would agree that president's have little control over the stock market. 
But, the economy?  Of course they do.  It has been Trump's business friendly policies that have had an impact - cutting taxes, and especially rolling back regulations that have had a stranglehold on businesses.  
[/quote]

NOPE.  Not that either.

Trump has done almost nothing of substance on the economy, and what his administration has done — a bit of excellent regulatory reform — is unlikely to affect growth dramatically in the short term. Regulatory reform is a good investment, but one with a long timeline for payoff. When you hear someone crediting a president with an economic boom or strong wage growth, ask them in some detail about the actual mechanism they believe to be at work, some plausible chain of causality. You’ll rarely get a satisfying answer.

Regulatory reform is a good investment, but one with a long timeline for payoff.

Presidents are one small piece of the public-policy picture — and public policy as a whole is only a small part of what shapes and moves a complex modern economy. We tend toward a destructively immature and ahistorical view: The regulatory reforms that made the Internet boom of the Clinton years began decades before; the confluence of terrible policies that created the subprime meltdown and financial crisis of 2008–09 began in the 1930s, with housing and banking reforms and regulatory development occurring under presidents and

https://www.nationalreview.com/2017/11/presidents-do-not-control-economies-or-gdp/[/quote]

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