Black Unemployment Rate Lowest in 17 Years

[The Nature Boy 7,659]

41 minutes ago, IDWAF said:

I’m pretty sure Bush didn’t sign off on bad loans at any time during his presidency.

Of course not, he is not a loan officer.. However he did make a big push to open up the Sub Prime market which fueled the implosion 

 

https://www.youtube.com/watch?v=CwPG-7FTkyM

 

Hope this is the right link I cant open You tube and work and I am on a desk top 

Edited December 19, 2017 by Nature Boy Flair

[OriZ 3,157]

6 hours ago, IDWAF said:

 

And if you really want to be honest, the president has little to do with the economy.  But that’s a topic for another thread.

Thank you for bringing common sense back to VJ.

[The Nature Boy 7,659]

7 hours ago, IDWAF said:

Not to rain on your parade, NB, but they do have a point... I remember people saying similar stuff when Obama first took office, about how great he was.  When in reality, it was just things put into place by Bush.  I think it’s too early to say this is due to the new president.

 

And if you really want to be honest, the president has little to do with the economy.  But that’s a topic for another thread.

Sorry brother but to assert that the President, has no effect on the economy is naive.  The President is the leader of the Country.  His polices, his attitude toward free enterprise, his appointments,  his attitude toward burdoneous regulations,  the signals he sends to  the business community are all things that influence confidence and economic outlook. Not saying he has a magic dial he can turn, but to say he has very little to do with economic confidence is wrong .

 

 

 

[eieio 1,594]

2 hours ago, Nature Boy Flair said:

Sorry brother but to assert that the President, has no effect on the economy is naive.  The President is the leader of the Country.  His polices, his attitude toward free enterprise, his appointments,  his attitude toward burdoneous regulations,  the signals he sends to  the business community are all things that influence confidence and economic outlook. Not saying he has a magic dial he can turn, but to say he has very little to do with economic confidence is wrong .

 

 

 

I agree! The question should be….How much does the President effect the economy?   One of the first things he did was approve the pipelines. 40,000 + jobs right there. Trump has also stated he is the greatest jobs President God ever created.  Trump is not particularly great at giving nuanced politically correct speeches, but he is great on the economy.

[Amica Nostra 4,803]

4 hours ago, eieio said:

I agree! The question should be….How much does the President effect the economy?   One of the first things he did was approve the pipelines. 40,000 + jobs right there. Trump has also stated he is the greatest jobs President God ever created.  Trump is not particularly great at giving nuanced politically correct speeches, but he is great on the economy.

Interesting, seeing how XL has yet to get going and will only be 3500 jobs

 

Jobs

“I will be the greatest jobs president that God ever created,” Trump pledged in June 2015.

At six months, Trump was only the eighth-greatest among postwar presidents. Job growth under Trump was 0.7 percent, lagging behind the growth for the first six months of the first terms of Jimmy Carter (2.7 percent), Richard Nixon (1.9 percent), Lyndon B. Johnson (1.5 percent), Bill Clinton (1.1 percent), and George H. W. Bush, John F. Kennedy and Dwight D. Eisenhower (0.8 percent each

[OriZ 3,157]

9 hours ago, Nature Boy Flair said:

Sorry brother but to assert that the President, has no effect on the economy is naive.  The President is the leader of the Country.  His polices, his attitude toward free enterprise, his appointments,  his attitude toward burdoneous regulations,  the signals he sends to  the business community are all things that influence confidence and economic outlook. Not saying he has a magic dial he can turn, but to say he has very little to do with economic confidence is wrong .

 

 

 

You gotta back up your assumptions there buddy or they are just that, mere assumptions. The proof is in the pudding and has been posted here before. When an investment horizon begins at depressed market valuations and ends at elevated market valuations, the total returns of investors over that horizon are always glorious no matter who the president is (for example, the total return of the S&P 500 averaged nearly 20% annually during the 18-year period between the 1982 low and the 2000 peak). Conversely, when an investment horizon begins at elevated market valuations and ends at depressed valuations, the total returns of investors over that horizon are unfailingly wretched, regardless of intervening economic growth.

 

 

[The Nature Boy 7,659]

11 minutes ago, OriZ said:

You gotta back up your assumptions there buddy or they are just that, mere assumptions. The proof is in the pudding and has been posted here before. When an investment horizon begins at depressed market valuations and ends at elevated market valuations, the total returns of investors over that horizon are always glorious no matter who the president is (for example, the total return of the S&P 500 averaged nearly 20% annually during the 18-year period between the 1982 low and the 2000 peak). Conversely, when an investment horizon begins at elevated market valuations and ends at depressed valuations, the total returns of investors over that horizon are unfailingly wretched, regardless of intervening economic growth.

 

 

Kinda agree with part of this but not all 😎

[eieio 1,594]

3 hours ago, Il Mango Dulce said:

Interesting, seeing how XL has yet to get going and will only be 3500 jobs

 

Jobs

“I will be the greatest jobs president that God ever created,” Trump pledged in June 2015.

At six months, Trump was only the eighth-greatest among postwar presidents. Job growth under Trump was 0.7 percent, lagging behind the growth for the first six months of the first terms of Jimmy Carter (2.7 percent), Richard Nixon (1.9 percent), Lyndon B. Johnson (1.5 percent), Bill Clinton (1.1 percent), and George H. W. Bush, John F. Kennedy and Dwight D. Eisenhower (0.8 percent each

He is just getting started.

 

As far as the two pipelines....the number of jobs created varies on who is asked and whether or not they are talking about other jobs created related to the pipeline, such an increase in jobs if we use pipes made in the US.  Either way, jobs were created as a direct result of the presidents actions. They all add up and to say the President has no effect on the economy is just not true. I am not saying you claimed that...you may have...I just don’t know.