Quote:
Originally Posted by BigV
what the hell are you talking about only four or more years earlier?
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Anyone, with basic economic knowledge, knows that economic data is mostly reporting what was started or ongoing four years previous. So many examples from history demonstrate that. And repeated here often.
The classic example. Stock market crashed in 1929. When were jobs lost? 1933.
Tax cuts tend to create recessions more than 4 years later. As repeated in history including the famous Kennedy tax cut.
Trump's booming economy was simply the legacy of Obama. The Donald, of course, takes credit for everything - his ego gets in the way of honesty.
Carter administration encouraged the Fed to raise interest rates approaching 20%. When did those massive interest rate hikes finally fix stagflation? Around Reagan's fifth year. Economic data rarely reports anything about this year. Exceptions tend to be something so catastrophic as to even immediately affect spread sheets. Such as a nationwide shutdown.
Irrelevant is what axises are. You are expected to know such facts. It is widely and publicly available. Trends are obvious and relevant. Well understood by anyone. Demonstrated even when George Jr was creating major economic damage with his Mission Accomplished war.