Trump administration doubles estimate of shutdown cost to economy from original forecast: Source
So it appears that Trump can reach his 25 million job growth goal even if the economy continued to grow at the pace under Obama. And the average for his last five years was thousand, essentially the same as the thousand for the first nine months this year. The unemployment rate shows pretty much the same progression from President Obama to President Trump. The second graph that shows the U.
That his budget deficits are about to become the largest in history ,.
His freezing federal wages saves less than the Wall ,. Three surveys show plummeting confidence in the economy ,. While international stocks outperformed the U. Clearly, U. Yet if the Trump market is to exceed the Obama market for a longer period of time, Trump will need even stronger performance over the next two years, because while U.
For the eight-year Obama presidency, U.
Jack Welch: I Was Right About That Strange Jobs Report - WSJ
Yet over longer periods of time, the data does make a compelling partisan distinction. From March 4, , through July 5, , U. Can this be a coincidence? Possibly not. Higher stock performance under a Democratic presidency is likely to persist going forward. I do not completely buy the causation in this statistically significant correlation of long-run stock returns, and I still advise staying the course irrespective of the presidency or any other election.
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The network for financial advisors The network for financial advisors. Login Register. Now Reading: The Latest. Quote "Some people point out that stocks had to increase under Obama, as he took over after a market plunge. Quote "Two academic studies find that historically the stock market performs better under a Democratic president than under a Republican.
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Roth Allan S. More from this Author Major competitive threat for advisors? Vanguard Are index funds really taking over the world? Only 86, private sector jobs were created per month. George W. Bush implemented the largest tax cut in US history at the time and all it did was give us a deficit. Obviously, no jobs were created. Hey Ray. I think there are a great many things one could say about why did the GOP do something if it was for this but didnt work at all.
Its difficult for Obama to respond to Romneys constant lies and attacks. Using facts dont seem to work with the GOP crowd. They will always vote that way. Labor force participation rate is still at a 20 year LOW. The conservative GOP base is lost to us anyway; no amount of hard evidence—even if it was sent down by Almighty God and Sonny Jesus—will change their minds. To be fair, Obama took over at the lowest point… So he only could go up. This is propoganda that tells only a half truth.
Recently, a few political scientists have begun to discover a human tendency deeply discouraging to anyone with faith in the power of information. In fact, quite the opposite.
In a series of studies in and , researchers at the University of Michigan found that when misinformed people, particularly political partisans, were exposed to corrected facts in news stories, they rarely changed their minds. In fact, they often became even more strongly set in their beliefs.
Facts, they found, were not curing misinformation. Like an underpowered antibiotic, facts could actually make misinformation even stronger.
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These findings open a long-running argument about the political ignorance of American citizens to broader questions about the interplay between the nature of human intelligence and our democratic ideals. Most of us like to believe that our opinions have been formed over time by careful, rational consideration of facts and ideas, and that the decisions based on those opinions, therefore, have the ring of soundness and intelligence.
In reality, we often base our opinions on our beliefs, which can have an uneasy relationship with facts. And rather than facts driving beliefs, our beliefs can dictate the facts we chose to accept. They can cause us to twist facts so they fit better with our preconceived notions. Worst of all, they can lead us to uncritically accept bad information just because it reinforces our beliefs. And then we vote. What I forgot to add, was that I do not agree with tax cuts during good economic times. Taxes need to be increased during good economic times — especially corporate taxes.
But it never did. I am pointing out, jobs created in the private sector, NOT the unemployment rate. Methinks your a spin mister. Certainly you are more intelligent than that. The president cannot stop companies like Hewlett-Packard from laying off 24, people at one time. There are still jobs being lost in this economy as there have been since The unemployment rate depends on the number of people participating and new jobs created.
Unemployment right now is lower than it was the day Obama took office. And it is not at an all-time high.