Why not? He's claiming any successes.

Yeah, but we should at least try to be honest.

this will be the first of many $1T deficit years if the Democrats don't take over.

Trump’s First 3 Years Created 1.5 Million Fewer Jobs Than Obama’s Last 3
New Labor Department statistics show that despite Trump’s repeated boasts, job creation was a lot higher during Barack Obama's final years.
By S.V. Date

As President Donald Trump takes the stage at his reelection rally here Monday and boasts of his economic record, there is one statistic he is likely to omit: He created 1.5 million fewer jobs in his first three years in office than predecessor Barack Obama did in his final three.

Newly revised figures from Trump’s own Department of Labor show that 6.6 million new jobs were created in the first 36 months of Trump’s tenure, compared with 8.1 million in the final 36 months of Obama’s ― a decline of 19% under Trump, according to a HuffPost analysis.

Economists say that the slowing of job creation is not surprising. There are fewer empty jobs and fewer unemployed people available to fill them as the economy gets closer to full employment.

“I’m not a big fan of jobs numbers as a metric of success,” said Douglas Holtz-Eakin, once the top economic adviser to the late Arizona Sen. John McCain’s 2008 presidential campaign. He added, though, that Trump’s “hyperbole” notwithstanding, “the performance of the labor market has been nothing short of stunning.”

David Rothschild, an economist with Microsoft Research, said Trump is presiding over a decent job market ― the same as his Democratic predecessor did. “The economy is basically humming along for the last three years, just as it was for the last year several years of the Obama administration,” Rothschild said.

Nevertheless, the statistics belie Trump’s frequent claims that he turned around Obama’s poor management of the economy.

The White House would not respond to the new statistics, but spokesman Judd Deere told HuffPost: “President Obama presided over one of the slowest recoveries in history while President Trump has smashed expectations with 5 million more jobs grown than forecasted by the (Congressional Budget Office), a record setting stock market, strong wage growth for blue collar workers, and historically low unemployment rates. Because of the strength of the Trump economy more and more Americans are coming off the sidelines to find work many of whom were left out of the so-called Obama recovery.”

During his State of the Union speech last week to Congress, Trump said: “If we hadn’t reversed the failed economic policies of the previous administration, the world would not now be witnessing this great economic success.”

Trump has repeatedly disparaged Obama’s stewardship of the economy while claiming he has done a far superior job.
The economy is just one of several areas where Trump repeatedly claims credit for conditions or policies implemented under his predecessors. He has bragged about reductions in air and water pollution that were the result of presidents going back decades. He has claimed credit for a reduction in lung cancer deaths based on a decades-long study that ended the year he took office. Perhaps most famously, he has repeatedly ― and falsely ― boasted about passing the “VA Choice Act,” which allows veterans to get medical care at private facilities if wait times are too long at Veteran Affairs clinics, even though it was signed into law by Obama.

But the economy is the one issue that could determine whether Trump succeeds or fails in his attempt to win a second term ― and his boasts about it are consistently misleading and, at times, simply false.

Trump repeatedly brags that unemployment among African Americans is at historic lows. While that was correct in August and September, the unemployment figure has risen since then, according to federal statistics. More broadly, the trend lines for both African Americans and Latinos show a steady decrease from the end of the 2008-09 recession, through the Obama presidency and to the present day, with no significant change in the slope of those graphs when Trump took office in January 2017.

“He’s largely riding trends he inherited,” said Jared Bernstein, once the chief economist to former Vice President Joe Biden.

Bernstein and other economists pointed out that the nation’s gross domestic product, after showing higher growth rates immediately after the passage of Republican-backed tax cuts in late 2017, have now dropped closer to 2% ― a figure that Trump and others called weak during the Obama years.

And that, Holtz-Eakin and Rothschild agreed, could be attributed to the trade war Trump picked with China starting in mid-2018, and from which the president has only recently started to back down.

“There are markets we’re probably not going to get back, and we’re going to have nothing to show for it,” Rothschild said. “The economy is moving along pretty well despite the best efforts of Donald Trump.”

SOURCE

But... but... I thought the economy was the best it’s ever been!

Trump Cuts Scheduled Federal Pay Raise, Citing “Serious Economic Conditions” in the Country
ELLIOT HANNON



In public, President Donald Trump likes to boast about—and usually inflate—the performance of the American economy on his watch. He picks through the numbers to take credit for everything good and sorts out everything not-so-good for dumping on his predecessors. The result: lots of exclamation points!





If you lived in a bubble where Twitter Trump was your sole news source, you’d be pretty fired up, which makes it odd that on Monday the very same Trump White House said it intends to slash a scheduled pay raise for civilian federal employees. Cutting the 2.5 percent raise set for 2021 to 1 percent for millions of federal workers seems a bit austere in the face of such self-proclaimed boom times. Even more absurdly, Trump is justifying ordering the cut on the grounds that the country is in the midst of a “national emergency or serious economic conditions affecting the general welfare,” which the White House says authorizes the president to “implement alternative plans for pay adjustments.”

So which is it? The best economy in the history of economies or a national economic emergency? Either way, somebody’s lying.

SOURCE

Live links at source

He'll link it to spending cuts to solve the debt problem. His followers will all snuffle and snort their approval and call all civil servants names. All will be well in Trumpworld and he will get more votes. The man is absolutely disgusting.

cutting federal pay will hurt the economy.

"If we hadn't reversed the failed economic policies of the previous administration, the world would not now be witnessing this great economic success."
-- Trump

6.6 million
-- number of new jobs created in first 36 months of Trump administration

8.1 million
-- number of new jobs created in last 36 months of Obama administration

The 2.9 percent growth referenced was for 2018. GDP growth for 2019 was 2.3% and is projected to be 1.8 percent for 2020. In the meantime, the debt is expected to have grown by $5 Trillion during the Grabmeister's first term. After a momentary burst in 2017, manufacturing has again trended downwards partly because of the orange one's tariffs and partly because the construction industry has fallen off a cliff - also due to the tariffs.

The tariffs are, in fact, one of the few things that have saved the debt from climbing even higher than it has. While the vast majority of Americans gained very little if anything from the tax cuts, they all have suffered from the tax increase known as the tariffs. Whether the good were manufactured in the U.S. or overseas, consumers have paid the tariffs. I was in a structural steel fabricator's office the day the tariffs were announced. Even though they weren't going to come into effect for some months both the American and foreign manufacturers raised their prices to the tariffed world price immediately. It was profit gouging plain and simple.

that is all it is- a gift to US producers. it makes them LESS competitive.

brick and mortar is a tough place to be.

esp if you suck at the online part.

And from the Orange One (via Fox)

Trump fires back after Obama claims credit for economic boom: 'Con job'
Brooke Singman

President Trump fired back Monday after former President Barack Obama, in a subtle swipe at the commander in chief, claimed credit for the economic gains in both their terms.

Obama tweeted Monday morning to note the anniversary of his signing the 2009 economic stimulus package.

“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted, alongside a photo of his signature on the bill.


But, the Trump campaign, in a statement to Fox News, countered that the economy was recovering only because of the actions Trump took to undo his predecessor's policies.

“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany said. “Obama and Biden orchestrated the worst economic recovery in modern history.”

She added: “By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”

“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,” she continued. “It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay.”

Trump tweeted Monday night: “Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!”


Obama and his allies have long touted the impact of the $787 billion economic stimulus package, also known as the American Recovery and Reinvestment Act. The measure was passed and signed in February 2009 — about 14 months after the recession began in December 2007 and about eight months before the national unemployment rate peaked at 10 percent in October 2009.

TRUMP ECONOMY, THREE YEARS IN: WHAT THE NUMBERS SAY

The stimulus package was controversial at the time considering the size and scope of it, and its impact remains a matter of dispute. Obama officials, though, routinely credited the legislation with helping set the economy back on track following the historic recession, and claim it established the groundwork for economic gains under Trump.

Under the Obama administration, the unemployment rate fell steadily after reaching a high of 10 percent early in his first term, but it has continued to fall under Trump. The unemployment rate is currently at the lowest it's been in the last 50 years.

Meanwhile, the stock market has surged under Trump. According to a Fox Business analysis, the stock market grew 31 percent in the 807 trading days before Trump's election, but grew by 56 percent in the 807 trading days after it, up through the third anniversary of Trump's inauguration this January.

Also under the Trump administration, workers' wages rose, but according to the Fox Business analysis, had been rising slightly faster prior to Trump's first term.

SOURCE

Found this on another board in response to the question someone posed. Well worth reading

What are your thoughts on Trump tweeting: "Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration.”?

https://qr.ae/T39NoH

Trump steel tariffs bring job losses to swing state Michigan

CHICAGO(Reuters) - President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.

Four years later, Great Lakes Works - once among the state's largest steel plants - has shut down steelmaking operations and put 1,250 workers out of a job. A year before the June layoffs, plant owner United States Steel Corp called off a plan to invest $600 million in upgrades amid deteriorating market conditions.

MORE---> https://www.msn.com/en-ca/money/topstor ... d=msedgdhp

he is way behind in michigan

I was in a client's office the day the steel tariffs were announced. He was trying to buy structural steel and found the price had already been raised by the steel companies (American and otherwise) to match what the tariffed prices would be.

I expect the American steel companies were well aware the tariffs would greatly constrict their national customer base and chase them out of any international markets they may have developed. That's the problem with economic nationalism. You and your customers are stuck with only what you and they can sell to yourself.

But how do you explain that to trump-voting, laid off steel workers?

Somethings are simply out of reach. Total stupidity is one of them.

this also leads to shortages and monopolies.

it is a TERRIBLE way to do business.