- MBTI
- INTJ
President Donald Trump
- Thread starter Eventhorizon
- Start date
- MBTI
- INTJ
Obama still doesn’t get it – optimism, not whining, grows an economy
By Liz Peek | Fox News
Who deserves credit for the economy: Obama or Trump?
The 'Cavuto on Business' panel weighs in.
Poor President Obama. He doesn’t think he’s getting enough credit for today’s booming economy.
Speaking at a conference of mayors in Chicago recently, Mr. Obama said, “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.” After a dramatic pause, he added: “Thanks, Obama.”
Obama has always been excellent at making speeches. But delivering robust growth? Not so much. Certainly not the kind of 3 percent-plus growth the U.S. is enjoying today, which has forced unemployment to a 17-year low. Instead, we saw an extended period of tepid gains that did little to boost the spirits (or wages) of discouraged Americans.
President Obama will never understand what happened on Election Day, and why the country’s mood brightened.
But it’s important that our policymakers understand. Trump’s victory resulted in a sea change in expectations, setting off a benevolent chain reaction which continues to this day. That fact alone makes this undeniably Trump’s economy.
Here’s how we know:
Against all expectations, the stock market started to boom on November 9, 2016, the day after the election. The Dow soared 257 points, and gained 9 percent by year-end, for the biggest post-election rally ever. Why? Because investors believed that newly-elected President Trump was determined to create jobs, bring businesses back to the U.S., lower taxes and loosen the regulatory noose created by Obama. That’s what he campaigned on, and that’s why he was elected.
What Obama never understood is that there is a close and important correlation between optimism and growth. Optimistic consumers spend money. Optimistic investors buy stocks. Most important, business leaders who view the future positively will invest in growth.
The optimism unleashed on November 8, 2016, was astonishing. The very next month, consumer confidence soared to a 15-year high, according to the Conference Board, “well ahead of analysts' expectations.” To be precise, the index rose to 107.1 from 98.6; economic gurus were forecasting 101.5. It wasn’t the “current conditions” survey that popped, but rather the “future” outlook that jumped to the highest level since 2003.
The University of Michigan also saw their consumer confidence index leap. “The initial reaction of consumers to Trump's victory was to express greater optimism about their personal finances as well as improved prospects for the national economy," Richard Curtin, the survey's chief economist, said at the time.
Gallup, too, in its polls, noted a jump in optimism post-election. They reported that the survey bumped into positive territory (most people think conditions are good) for the first time since early 2015.
Consumers were not alone. Small businessowners were also cheered by Trump’s election. The National Federation of Independent Business reported an immediate surge in optimism among its members, with its confidence index rising to 105.8, its highest level since the end of 2004. The December gain was 7.4 points, the biggest monthly leap since 1980. The outlook from corporate CEOs, too, turned more positive. In fact, nearly every measure of manufacturing and business sentiment improved in the weeks following the election.
What Obama never understood is that there is a close and important correlation between optimism and growth. Optimistic consumers spend money. Optimistic investors buy stocks. Most important, business leaders who view the future positively will invest in growth.
Michelle Meyer, chief U.S. economist at Bank of America Merrill Lynch, wrote in the weeks following the election that a pickup in business confidence normally boosts capital expenditures within a fairly short time frame, while rising consumer confidence can predict higher spending. That is, of course, exactly what happened.
Last year’s holiday spending was the highest in five years, up 4.8 percent after gains of 3.8 percent and 3.1 percent in the two prior years.
In early January, the NFIB’s chief economist Bill Dunkelberg wrote, “…we are also finding evidence that higher optimism is leading to increased business activity, such as capital investment.”
This is a simple concept, but only if you believe Mitt Romney’s assertion that “Corporations are people.”
Liberals trashed Romney for that remark, but he was right, of course. What he meant was that people are in charge of businesses, and responsible for the decisions they make. Cheery CEOs can do wonders for the country by hiring people and investing in new plants and equipment.
Democrats consider corporate America the enemy. Chuck Schumer derides the GOP tax plan as a handout to Big Business, as though the interests of that group are antithetical to those of working class Americans. Obama, sharing that sentiment, never reached out to the business community, never tried to understand and alleviate their concerns.
Trump is doing that.
Make no mistake: Trump needs to deliver on his campaign promises. It looks like the tax bill will pass, and that’s an important achievement. But we also need the infrastructure program he promised, as well as beefed-up job training, better public education, more favorable trade treaties, and we need to take a whack at out-of-control entitlements like Medicaid. And we need job gains to boost wages, which they inevitably will.
Obama left a long to-do list. He also left an economy that had disappointed millions of middle class Americans, who rewarded him by electing President Trump.
End
The idea that Obama.would try to take any credit at all for the booming economy. Obama is seen and rightfully so as a President who managed somehow to damage the country far more that Bin Laden ever could or ever did. So much so no thinking person can honestly say they don't believe that wasnt with intent and purpose. I'd probably throw insults at you Obama if I thought you were actually trying to benefit America with anything you did but knowing your sole purpose was to break it's back and watch it die will keep me from that. How about you close.your mouth and fade away like the insignificant and impotent person you now are.
In other words, get lost Obama and thanks Trump.
Who deserves credit for the economy: Obama or Trump?
The 'Cavuto on Business' panel weighs in.
Poor President Obama. He doesn’t think he’s getting enough credit for today’s booming economy.
Speaking at a conference of mayors in Chicago recently, Mr. Obama said, “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.” After a dramatic pause, he added: “Thanks, Obama.”
Obama has always been excellent at making speeches. But delivering robust growth? Not so much. Certainly not the kind of 3 percent-plus growth the U.S. is enjoying today, which has forced unemployment to a 17-year low. Instead, we saw an extended period of tepid gains that did little to boost the spirits (or wages) of discouraged Americans.
President Obama will never understand what happened on Election Day, and why the country’s mood brightened.
But it’s important that our policymakers understand. Trump’s victory resulted in a sea change in expectations, setting off a benevolent chain reaction which continues to this day. That fact alone makes this undeniably Trump’s economy.
Here’s how we know:
Against all expectations, the stock market started to boom on November 9, 2016, the day after the election. The Dow soared 257 points, and gained 9 percent by year-end, for the biggest post-election rally ever. Why? Because investors believed that newly-elected President Trump was determined to create jobs, bring businesses back to the U.S., lower taxes and loosen the regulatory noose created by Obama. That’s what he campaigned on, and that’s why he was elected.
What Obama never understood is that there is a close and important correlation between optimism and growth. Optimistic consumers spend money. Optimistic investors buy stocks. Most important, business leaders who view the future positively will invest in growth.
The optimism unleashed on November 8, 2016, was astonishing. The very next month, consumer confidence soared to a 15-year high, according to the Conference Board, “well ahead of analysts' expectations.” To be precise, the index rose to 107.1 from 98.6; economic gurus were forecasting 101.5. It wasn’t the “current conditions” survey that popped, but rather the “future” outlook that jumped to the highest level since 2003.
The University of Michigan also saw their consumer confidence index leap. “The initial reaction of consumers to Trump's victory was to express greater optimism about their personal finances as well as improved prospects for the national economy," Richard Curtin, the survey's chief economist, said at the time.
Gallup, too, in its polls, noted a jump in optimism post-election. They reported that the survey bumped into positive territory (most people think conditions are good) for the first time since early 2015.
Consumers were not alone. Small businessowners were also cheered by Trump’s election. The National Federation of Independent Business reported an immediate surge in optimism among its members, with its confidence index rising to 105.8, its highest level since the end of 2004. The December gain was 7.4 points, the biggest monthly leap since 1980. The outlook from corporate CEOs, too, turned more positive. In fact, nearly every measure of manufacturing and business sentiment improved in the weeks following the election.
What Obama never understood is that there is a close and important correlation between optimism and growth. Optimistic consumers spend money. Optimistic investors buy stocks. Most important, business leaders who view the future positively will invest in growth.
Michelle Meyer, chief U.S. economist at Bank of America Merrill Lynch, wrote in the weeks following the election that a pickup in business confidence normally boosts capital expenditures within a fairly short time frame, while rising consumer confidence can predict higher spending. That is, of course, exactly what happened.
Last year’s holiday spending was the highest in five years, up 4.8 percent after gains of 3.8 percent and 3.1 percent in the two prior years.
In early January, the NFIB’s chief economist Bill Dunkelberg wrote, “…we are also finding evidence that higher optimism is leading to increased business activity, such as capital investment.”
This is a simple concept, but only if you believe Mitt Romney’s assertion that “Corporations are people.”
Liberals trashed Romney for that remark, but he was right, of course. What he meant was that people are in charge of businesses, and responsible for the decisions they make. Cheery CEOs can do wonders for the country by hiring people and investing in new plants and equipment.
Democrats consider corporate America the enemy. Chuck Schumer derides the GOP tax plan as a handout to Big Business, as though the interests of that group are antithetical to those of working class Americans. Obama, sharing that sentiment, never reached out to the business community, never tried to understand and alleviate their concerns.
Trump is doing that.
Make no mistake: Trump needs to deliver on his campaign promises. It looks like the tax bill will pass, and that’s an important achievement. But we also need the infrastructure program he promised, as well as beefed-up job training, better public education, more favorable trade treaties, and we need to take a whack at out-of-control entitlements like Medicaid. And we need job gains to boost wages, which they inevitably will.
Obama left a long to-do list. He also left an economy that had disappointed millions of middle class Americans, who rewarded him by electing President Trump.
End
The idea that Obama.would try to take any credit at all for the booming economy. Obama is seen and rightfully so as a President who managed somehow to damage the country far more that Bin Laden ever could or ever did. So much so no thinking person can honestly say they don't believe that wasnt with intent and purpose. I'd probably throw insults at you Obama if I thought you were actually trying to benefit America with anything you did but knowing your sole purpose was to break it's back and watch it die will keep me from that. How about you close.your mouth and fade away like the insignificant and impotent person you now are.
In other words, get lost Obama and thanks Trump.
Pin
"Magnificent Bastard" / Ren's Counterpart
- MBTI
- ENTJ
- Enneagram
- 3w4, 3-8-7
More-so, without an increase in federal revenue the deficit will still exist.
infinite dreams
Serene Doge
- MBTI
- INTP
- Enneagram
- 5w4
He was probably mistaken in assuming you would understand how math works.
Milktoast Bandit
Dominate with compassion...
- MBTI
- MEAT
- Enneagram
- 9
Lol!!!!!
Reason
Percolated
- MBTI
- INTP
When you take in less money, you have less money to pay off the debt.
If I took a large portion of your personal capital and burned in a bum's oil drum to keep your rich neighbors warm, the difficulty of paying your bills would go up.
- MBTI
- INTJ
If you reduce how much money you need in the first place though, having less money means little.
- MBTI
- INTJ
May be bias may not. Either way the facts hold up to scrutiny.
Reason
Percolated
- MBTI
- INTP
Would that mean cutting the military, one of our biggest expenses?
- MBTI
- INTJ
That is some great humor. Yep attack me for asking questions because questions are Satan's seed.
- MBTI
- INTJ
It could mean many things like frivolous programs. Of which our military is not one. We absolutely need to increase military spending especially after Obama did his best to dismantle it and leave us defenseless.
Reason
Percolated
- MBTI
- INTP
(Again, with heavier sarcasm than I could ever relay through text) What are these frivolous programs? I have no idea what kind of things you're about to suggest cutting.
- MBTI
- INTJ
When Trump entered into office he decreed that no new programs would be implemented without first getting rid of two programs that cost at least as much as the new one each. This is one way of cutting spending. As for the programs themselves? Our law makers are insane. They spend tax dollars on museums for mushrooms and to see how fast shrimp can run. There are programs made I am sure just so they can be cut just to make it look like something is being cut.
There's more than enough government spending to cut that no one will ever notice is gone. Except for some politicians relative who was getting a pay day out of it perhaps.
There's more than enough government spending to cut that no one will ever notice is gone. Except for some politicians relative who was getting a pay day out of it perhaps.
- MBTI
- INTJ
My favorite...and this is well known and completely embedded in all areas of government. The end of the year spending where there is this mad dash to spend money on quite honestly anything you can think of. Not because it's needed but because if you can't show your office spent the money that was alotted to it for the previous year it's assumed you don't need the same amount next year and you won't get the same amount.
Last edited:
- MBTI
- INTJ
CNN exclusive: Sen. Kirsten Gillibrand calls on Trump to resign
By Mick Krever and Sophie Tatum, CNN
Updated 3:32 PM EST, Mon December 11, 2017
Does anyone know who this completely inconsequential and unknown person is beside just another liberal with a fantasy? I wanted to type a bunch of ha ha' s but I felt like the time wasted would have meant something.
Darling, Trump might resign after 8 years. Don't know, we'll have to wait an see but its not happening before that.
Democrats, yes you cleaned house of some of your filth (Al, Conyers to name a few)but how long did you knowingly live with it? That's not a question. Your not fooling anyone. Bring your accusations of racism, antisemitism, fascism, Russian collusion. They all sputter and die because the American people know you to be the liars and hypocritical wind bags. There's simply no room for doubt. Crawl under your rock or get stepped on.
By Mick Krever and Sophie Tatum, CNN
Updated 3:32 PM EST, Mon December 11, 2017
Does anyone know who this completely inconsequential and unknown person is beside just another liberal with a fantasy? I wanted to type a bunch of ha ha' s but I felt like the time wasted would have meant something.
Darling, Trump might resign after 8 years. Don't know, we'll have to wait an see but its not happening before that.
Democrats, yes you cleaned house of some of your filth (Al, Conyers to name a few)but how long did you knowingly live with it? That's not a question. Your not fooling anyone. Bring your accusations of racism, antisemitism, fascism, Russian collusion. They all sputter and die because the American people know you to be the liars and hypocritical wind bags. There's simply no room for doubt. Crawl under your rock or get stepped on.
Disguised
Community Member
- MBTI
- INFJ
I just keep reading this one thing you posted on another thread all over and over again. I feel like I understand why you have such strong beliefs now towards your present president.
"Yes. I used to go into rages at injustices, people lying and cheating. It was completely unexpected.but after I stopped eating gluten that went away."
The amount of sarcasm is mind-blowing and I think you should read up on the psychological factor of it. Pointing at me with this comment quite rapidly is a tell of a troubled mind shouting for attention.
"Professionals in psychology and related fields have long looked upon sarcasm negatively,[12][13] particularly noting that sarcasm tends to be a maladaptive coping mechanism for those with unresolved anger or frustrations. Psychologist Clifford N. Lazarus describes sarcasm as "hostility disguised as humor"." https://en.wikipedia.org/wiki/Sarcasmhttps://en.wikipedia.org/wiki/Sarcasm
Also your demoralizing words give away quite a bit. "Darling" "liberal with a fantasy" "Poor President Obama" and even this now "crawl under your rock or get stepped on".
If you were certain you wouldn't use these words. I've seen highly religious people do this when getting upset.
"It’s not the first time the president’s team has questioned public data. In August, the then presidential candidate described the Bureau of Labor Statistics (BLS) unemployment numbers as “phoney”, claiming: “The 5% figure is one of the biggest hoaxes in American modern politics.” In the same speech, Trump suggested alternative data, adding: “The number’s probably 28, 29, as high as 35. In fact, I even heard recently 42%.” "
https://www.theguardian.com/us-news/2017/jan/30/statistics-trump-administration-numbers-manipulation
He can tell you whatever he wants and I really have no trouble with what you believe in. Sure you can keep up your monologues here, but it's of no use. Not to you or anyone else. Don't end up as a narcissist.
"Yes. I used to go into rages at injustices, people lying and cheating. It was completely unexpected.but after I stopped eating gluten that went away."
The amount of sarcasm is mind-blowing and I think you should read up on the psychological factor of it. Pointing at me with this comment quite rapidly is a tell of a troubled mind shouting for attention.
"Professionals in psychology and related fields have long looked upon sarcasm negatively,[12][13] particularly noting that sarcasm tends to be a maladaptive coping mechanism for those with unresolved anger or frustrations. Psychologist Clifford N. Lazarus describes sarcasm as "hostility disguised as humor"." https://en.wikipedia.org/wiki/Sarcasmhttps://en.wikipedia.org/wiki/Sarcasm
Also your demoralizing words give away quite a bit. "Darling" "liberal with a fantasy" "Poor President Obama" and even this now "crawl under your rock or get stepped on".
If you were certain you wouldn't use these words. I've seen highly religious people do this when getting upset.
"It’s not the first time the president’s team has questioned public data. In August, the then presidential candidate described the Bureau of Labor Statistics (BLS) unemployment numbers as “phoney”, claiming: “The 5% figure is one of the biggest hoaxes in American modern politics.” In the same speech, Trump suggested alternative data, adding: “The number’s probably 28, 29, as high as 35. In fact, I even heard recently 42%.” "
https://www.theguardian.com/us-news/2017/jan/30/statistics-trump-administration-numbers-manipulation
He can tell you whatever he wants and I really have no trouble with what you believe in. Sure you can keep up your monologues here, but it's of no use. Not to you or anyone else. Don't end up as a narcissist.
Reason
Percolated
- MBTI
- INTP
- MBTI
- INFJ
- Enneagram
- 954 so/sx
Moreover, it is a practice embedded within society on a whole
- MBTI
- INTJ
Thanks for the analysis. I am sure though and that's where a good portion of my disgust comes from.