Trump fires back at Obama, boasts he's got 'magic wand' on economy

Micawber said:
Hilarious, Obama ran this great country for 8 years scandal free and brought it back from the great recession including the auto industry, real estate and the stock market,
whereas Trump has stumbled through 2 years being triggered by any and every comment he hears and is loaded with scandals, felony convictions, plea deals
and a nest of people who are stabbing him in the back.

How dare Frump even breathe the word Obama.
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Scandal Free? What a fucking moron. Fast and Furious. The false tax treatment of Conservative charities. Benghazi. Syria. Libya. ISIS. STFU, seriously.
 
Thing1 said:
It's mischaracterizing to call the economy under Obama "booming," but what he did after the massive crash he inherited is remarkable. The stimulus and bailouts were widely maligned, and many on the right predicted that they would spiral us further down, but instead, the stock market tripled, and we experienced a modern record for the # of consecutive growth quarters. We were 3 months away from what economists consider to be "full employment" by the time he left office.

Considering the task he was given, he did an outstanding job on the economy.
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Obama could have done NOTHING and the economy would have rebounded in better shape and we wouldn't have accumulated ten trillion in additional debt moron.
 
Micawber said:
The the same one all these Repukacrites claimed sucked until the second the clown in chief was elected. Hell, they were trying to take credit in advance of Trump being sworn in!
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Great tweet from Grate Wealth LLC:

“Celebrating the longest bull market ever without mentioning 10 years of artifical stimulus and intervention is like celebrating Lance Armstrong’s Tour de France record without mentioning doping.”


However stating this is racist right TTQ64?
 
anatta said:
President Trump escalated the political battle with his predecessor Monday, boasting that he’s got a “magic wand” for the economy after Barack Obama tried to downplay the gains on Trump’s watch.

Obama hit the campaign trail for congressional Democratic candidates over the weekend, after delivering a fiery speech accusing Trump and Republicans of fueling "division and resentment" – and suggesting the current administration was taking credit for a recovery he engineered.

“When you hear how great the economy’s doing right now, let’s just remember when this recovery started,” Obama said Friday.

But Trump on Monday tried to use Obama’s past words against him.

“’President Trump would need a magic wand to get to 4% GDP,’ stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun,” Trump tweeted.

his may have been a reference to a 2016 town hall where Obama pushed back on Trump’s vow to bring back manufacturing jobs by negotiating a “better deal.”

“How exactly are you going to negotiate that? What magic wand do you have?” Obama asked at the time.

Trump is crowing over recent estimates that the U.S. economy grew at a 4.2 annual rate in the second quarter, the strongest in almost four years. And he’s using the GDP numbers and job growth to hit back hard at Obama’s return to the campaign trail.

He also tweeted Monday: “The Economy is soooo good, perhaps the best in our country’s history (remember, it’s the economy stupid!), that the Democrats are flailing & lying like CRAZY! Phony books, articles and T.V. ‘hits’ like no other pol has had to endure-and they are losing big. Very dishonest people!”
http://www.foxnews.com/politics/201...ama-boasts-hes-got-magic-wand-on-economy.html
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Oh, Don tweeted?
 
cawacko said:
Great tweet from Grate Wealth LLC:

“Celebrating the longest bull market ever without mentioning 10 years of artifical stimulus and intervention is like celebrating Lance Armstrong’s Tour de France record without mentioning doping.”


However stating this is racist right TTQ64?
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Wall Street loves deregulation, is that news to you? You'll be bailing them out again with socialism, just a matter of time.
 
anatta said:
Obama took credit for the Trump economy in that speech last Friday.
He's full of shit of course.
but which is it? if the economy tanks ( and it won't) will it still be Obama's economy 3rd quarter?
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Of course not, the minute the economy enters a downturn Trump will own it lol.

As long as the economy is booming it’s Obama’s economy. Gotta love partisan hackery.
 
Fentoine Lum said:
If you're not up on the deregulation efforts that the Dems worked with the Reps on under Don's watch I'll understand.
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Eight of the ten years of the bull market were under Obama. Obama did not deregulate. Do you understand the artificial stimulus and intervention the tweet is referencing?
 
cawacko said:
Eight of the ten years of the bull market were under Obama. Obama did not deregulate. Do you understand the artificial stimulus and intervention the tweet is referencing?
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I understand the american public bailed out the Wall Street/donor/"job creator" class with socialism under "both" "conservative" and "liberal" administrations and will again at the next crash. Why does our version of "capitalism" always run to socialism when it goes tits up? And why in america is socialism good for the aristocracy but off limits for the unsubstantial people? Weird.
 
Fentoine Lum said:
I understand the american public bailed out the Wall Street/donor/"job creator" class with socialism under "both" "conservative" and "liberal" administrations and will again at the next crash. Why does our version of "capitalism" always run to socialism when it goes tits up? And why in america is socialism good for the aristocracy but off limits for the unsubstantial people? Weird.
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Ok but that doesn't address the tweet you responded to nor the role of the Fed
 
cawacko said:
Sure?
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Quote Originally Posted by Fentoine Lum View Post
I understand the american public bailed out the Wall Street/donor/"job creator" class with socialism under "both" "conservative" and "liberal" administrations and will again at the next crash. Why does our version of "capitalism" always run to socialism when it goes tits up? And why in america is socialism good for the aristocracy but off limits for the unsubstantial people? Weird.


Ok but that doesn't address the tweet you responded to nor the role of the Fed
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Fentoine Lum said:
Quote Originally Posted by Fentoine Lum View Post
I understand the american public bailed out the Wall Street/donor/"job creator" class with socialism under "both" "conservative" and "liberal" administrations and will again at the next crash. Why does our version of "capitalism" always run to socialism when it goes tits up? And why in america is socialism good for the aristocracy but off limits for the unsubstantial people? Weird.
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You chose to respond but not respond to what was written so I wrote ok. That doesn't imply agreement.
 
cawacko said:
You chose to respond but not respond to what was written so I wrote ok. That doesn't imply agreement.
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OK, glad we got that cleared up.

I understand the american public bailed out the Wall Street/donor/"job creator" class with socialism under "both" "conservative" and "liberal" administrations and will again at the next crash. Why does our version of "capitalism" always run to socialism when it goes tits up? And why in america is socialism good for the aristocracy but off limits for the unsubstantial people? Weird.
 
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