Quote:
Originally Posted by Flint
... wherein the incumbent vociferously cites performance of the financial market as his key accomplishment-- which is seemingly self-evident and immune to rebuttal, ...
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This has been the trailing end of an Obama economy. Things that make profits happened four and ten years ago. That is " self-evident and immune to rebuttal".
What one thing did a scumbag president do to make this economy prosper? Nothing. We know tax cuts only result in a short (ie one year) upturn. History says we can expect things to get worse four or eight years later. Kennedy's tax cut did that. George Jr's tax cut did that.
Worse, the scumbag's tax cut was only a tax cut for the rich.
So where is one thing he did that creates economic growth? An honest post also says why. Lists those reasons.
He destroyed trading agreements. He alienates American allies. He put up massive tarrifs that have done harm to some of America's more productive industries (ie steel remanufacturers) while protecting weak and not innovative industries (ie steel manufacturers - who must keep running to the government for protection). Where is a list of reasons that define economic growth? Why are they never listed - a damning question?
Spread sheets are only a summary of what was productive four and ten years ago. America was apparently in recession some six or nine months ago. That is "self-evident and immune to rebuttal" once we include numbers - already posted.
Leading and lagging indicators demonstrated, never rebutted, and again repeated. Stock market crashed in 1929 due to economic problems that existed years earlier. When were jobs lost? 1933. Four years later. Even number of jobs only indicates what happened four and more years ago.
Obama undid many economically destructive actions by George Jr. And then growth restarted. It took years just to undo damage created by George Jr. Stock market finally got back to its 2001 level around 2011 - after Obama started undoing bean counter scams.
It takes that long for lagging indicators to report what was happening.
Nothing is "self-evident" when knowledge only comes from extremist talk show hosts. And always "immune to rebuttal" since honest facts with numbers do not exist when a head is planted in earth. (Heads do not grow roots.)