Trump as created fewer jobs during first 3 years than Obama did

Fake numbers?

“The Labor Department’s revised job count lowered the April 2018 to March 2019 by 501,000. Assuming that the almost 42,000 per month lower number is spread evenly across the 12 months, Trump’s 2018 total of 2.303 million jobs falls short of Obama’s 2014 to 2016 results and essentially matches his 2.302 million for 2013. And 2018 was helped by Trump’s tax cut sugar high.”

What policies did Obama implement that added jobs to the economy?

1 Like

When the UE rate is near zero it’s really difficult to create new jobs without opening up new markets and industries.

Traditionally 4% is considered to be “full employment”.

The UE rate has fallen by about a quarter during Trump’s first 3 years.

Also consider the factors such as 3 of the worst hurricanes in history happening during the first couple of years of Trump’s tenure as well as the expected fallout from the trade war keeping growth down.

I’d say he’s doing just fine.

It’s not being said he’s not “doing fine”.

It’s that it’s not appreciably better than what Obama has done.

And “opening new markets and industries”…isn’t that what tax cuts are supposed to do? Because they “free up money for new investment”?

And yet there has been no surge in new investment…even when supposedly being “goosed” by the tax cuts.

Finally, the reason “full unemployment rate” has been able to go further and further down has nothing to do with Trump policies. It has to do with the Fed changing away from its long-held goal of keeping inflation in check and moving more towards trying to spur investment.

Lowering interest rates is a Keynsian stimulus not a supply side stimulus.

It is appreciably better for everyone who’s gotten a job or a raise since he took office.

The simple fact is that the closer we get to zero the harder it is to create more jobs.

1 Like

Agreed…but not appreciably different from the Obama years which were supposedly “the worst years ever”.

Not that this will matter, of course.

Picture a pyramid…is there more square footage at the top or the bottom? Now figure that this space holds job openings. Do you think it’s easier to find new employees at the top…or the bottom? Answer that and “we” can all understand why more jobs were created under President Obama.

Let everyone understand, IMO…President Obama was handed a pile of economic dung…and he turned it around. It could have gotten much worse but his quick responses stopped the damage and slowly turned everything around. I was there…on the front line…and am very appreciative.

Now…do my liberal friends feel better? :sunglasses:

2 Likes

Finally, the reason “full unemployment rate” has been able to go further and further down has nothing to do with Trump policies. It has to do with the Fed changing away from its long-held goal of keeping inflation in check and moving more towards trying to spur investment.

Fed policy hasn’t changed, they actually raised rates out of a fear of inflation. Only once that inflation never materialized did they start bringing rates back down.

In spite of that inflation never materializing the federal funds rate is still higher than when Trump took office.

There was also no indication at the last meeting of the BOG’s that they are intending to lower them further in the near term.

1 Like

And yet more people are working. Strange.

2 Likes

Just continuing the trend that the Obama administration started…just not as many added.

Unemployment in the 3.x%? How come there aren’t more jobs being created?? :rofl:

Are you trying to say that higher paying jobs are being created, but putting it into terms that make more sense to you?

Either way it’s gibberish.

I’m sorry if that example was over your head? Let me make this even easier…put a 0% unemployment at the top and a 100% unemployment at the very bottom. Notice…it has nothing to do with what a job pays? Did you? Alrighty then…are there more potential jobs to be had at the bottom…or the top of this unemployment pyramid?

Ok, so what? Obama can’t run. Who reaps the benefit?

Of course more people are working.

What happens when the economy grows year on year for nearly 11 years now.

Cool. Yeah America!

Politically, Trump will benefit. No doubt about that.

Realistically, Presidents get far too much credit…and blame…for changes in the economy.

George HW Bush was dumped from office on one of the smallest post-war downturns the country ever went through…which was already over before the 1992 election.

That IMHO was totally ridiculous.

Is there grain in the pyramid?

5 Likes

Fed policy HAS changed…to one of “patience” as they see “total employment” doesn’t mean what it used to mean.

And even when they raised rates they were small moves and rates were still near historical lows.

And yet Trump still likes to complain these rate rises “overwhelmed” his tax cut stimulus.

So what does that tell you of the relative power of Keynesian moves vis a vis supply side moves?

Just alluding to fact that we were told for 8 years by the CEC that Obama was the worst jobs president in last how many ever years…

1 Like