Quote Originally Posted by Kirkland Laing View Post
Quote Originally Posted by TitoFan View Post
Back when Trump took office in 2017, the economy shot up impressively. I imagine job creation went along with it. Republicans (Trumpers and non-Trumpers alike) jumped on those stats like a hungry Doberman on a raw T-bone. Yet I always knew Donny was only riding Obama's coattails. Measures Obama had taken or helped along were only then beginning to provide fruit. So Trump swoops in and takes all the credit... and his adoring public believed every word.
The economy did not shoot up impressively when Trump took office. If you compare the last three years of Obama and the first three years of Trump then two million more jobs were created under Obama. The economy actually slowed down under Trump but it was on a slow upward swing that started in 2009 and Trump came in for the last few years of that swing when things had recovered to the point where economic conditions were feeling much better for Americans. He passed a massive tax cut for the wealthy and cranked up government spending to the point where he was running a trillion dollar deficit in the middle of an economic expansion but still didn't crack three percent growth. He got one year of two point nine percent the same as Obama. Benefitted from hundreds of billions of losses in the fracking industry which basically subsidised fairly cheap gas for most of the time he was in office too.

Well, the last years of Obama showed considerable upswing as evidenced by a graph I saw on leading economic indicators. Unfortunately the graph I saw didn't go beyond 2016. I just remember 2017 being a banner year for the stock market. I saw considerable personal gains in some investments of mine. 2017's performance hasn't been matched since, to my knowledge. I do know Obama assumed the presidency right at the start of the 2008 recession, so he must've done a pretty good job with the economy to get it turned around like that.