But where is the mention of how Obama righted the economy after inheriting the disastrous results of the Bush/Cheney Administration recession? Obama handed off to Trump an economy that had rebounded and was well on its way to recovery. By attrition, Trump was in a position to benefit from Obama's actions and any mention of how terrific the economy is doing under Trump should include this notion, that Obama had enough in place for the rebound to occur like we've witnessed. we've witnessed.
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If you think the economy has improved go look for a job without godlike skills. The job market is absolutely brutal. It's an employers market in every way and at every level. Very few people have any meaningful power to negotiate their wages or influence their working conditions right now.
So the Democratic voters are in clover and they have Donald Trump to thank for it. That's wonderful. I suspect that the NYT will do nothing but trumpet his praises from here on out.
Isn't this fake news, by Trump standards?
2
"By the way, when Obama took office, the economy was on the mend after the Bush recession, and his policies prevented a decent recovery"
That there are many persons capable of posting such absolute nonsense is a marker of why the USA is in such disarray.
That there are many persons capable of posting such absolute nonsense is a marker of why the USA is in such disarray.
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The jobs being created and the falling unemployment rate are still due mostly to Obama's policies. Trump has not passed a budget yet, and he has not passed any laws to shape the economy.
During Obama's first few months in office, the economy continued to lose jobs because of the Bush recession. Obama signed the Recovery Act in February 2009 with $787 billion stimulus, and It took almost a year for job growth to go into positive territory where it has stayed to this day.
Let's revisit Trumps record early next year after his budget has taken effect, and he has signed any economy package laws, to see how he's shaping the economy.
During Obama's first few months in office, the economy continued to lose jobs because of the Bush recession. Obama signed the Recovery Act in February 2009 with $787 billion stimulus, and It took almost a year for job growth to go into positive territory where it has stayed to this day.
Let's revisit Trumps record early next year after his budget has taken effect, and he has signed any economy package laws, to see how he's shaping the economy.
14
Not a Trumpeter, but I'm not sure this is correct. Anticipation is a significant parameter in economic performance. For example, I think that economists of all stripes agree that the post-election run-up of the stock market resulted from anticipated relaxation of regulations.
1
Trumps up on jobs. The real reason Trump won was pocket book issues. Hillary still does not get it. In her book she is now blaming Bernie Sanders, Hillary supporters who were already doing fine will fail to admit that it has been better for those without their dream jobs under Obama are doing better under Trump.
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Though the GOP frowns on education, it does pay better in the long run.
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The majority of the college educated voters voted for Trump. And the people with high school diplomas as their highest level of educational achievement send their children to college.
The myth, perpetuated by the left wing media, that it was the Beverly Hillbillies who voted Trump into office are completely oblivious to the fact that rural residents, who are not stupid at a higher rate than urban dwellers, only comprise 10% of the population.
If you compared all people who voted for Trump v. Those who voted for Hillary, the median Trump voter has more education and higher income than the median Hillary voter. The average Trump voter has lower income than the average Hillary voter, but that is because there is greater income inequality among Democrats than among Republicans. Democrats have a small group of the very wealthy and an even larger number of the very poor.
The myth, perpetuated by the left wing media, that it was the Beverly Hillbillies who voted Trump into office are completely oblivious to the fact that rural residents, who are not stupid at a higher rate than urban dwellers, only comprise 10% of the population.
If you compared all people who voted for Trump v. Those who voted for Hillary, the median Trump voter has more education and higher income than the median Hillary voter. The average Trump voter has lower income than the average Hillary voter, but that is because there is greater income inequality among Democrats than among Republicans. Democrats have a small group of the very wealthy and an even larger number of the very poor.
1
If you read the article, the average Trump voter has higher income than the average Clinton voter, the opposite of what you wrote.
Ebmem, wrong again! The majority of voters who completed college voted for Clinton. She also won the nearly every state with above average education rates.
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All the polls got the data wrong on who would win the election, so the NYT has no idea who "secretly" voted for Trump. Now Jed Kolko thinks he can guess the demographic voter choices from "demographics". The media has no idea. They blamed the election on "uneducated women"-which is sexist, and many people in this country are plenty educated on the fact that they have been ignored or exploited by politicians for many years. Aside from the current disaster of Trump, there is a huge bell curve in the middle of both parties wanting freedom of thought and discussion from both parties to come to a better and fair "middle ground". This article has the usually purpose to discredit the right. I want discussion that is going to move the country forward in a positive direction with fairness and equality for all.
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Please explain how this article evinces a purpose to discredit the right.
3
The Obama economy Trump inherited, continues to remain steady, Trump voters are under employed because the are undereducated, lacking in a willingness to compete, with a by me take me bring me mind set.
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The Obama economy got a kick start when Trump policy means there are very few new regulations being written and most of the late term regulations were cancelled before being implemented. The economy would have tanked by now if Hillary had been elected.
By the way, when Obama took office, the economy was on the mend after the Bush recession, and his policies prevented a decent recovery.
By the way, when Obama took office, the economy was on the mend after the Bush recession, and his policies prevented a decent recovery.
Ebmem, what a load of bunk. First of all it wasn't a Bush 'recession' it was a near-Depression. And the economy was by no means mending when Obama took office. We were shedding hundreds of thousands of jobs, and GDP was -6% in the first quarter. The rest of the world was in near-Depression as well, which prevented any sort of rapid recovery by an individual country.
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Why frame this as Trump vs Clinton? Why not just give us the data and dispense with the editorializing?
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The data was about changes in the economic status of "likelier Trump supporters" and "likelier Clinton supporters," What are you talking about? Please identify the "editorializing."
2
I have long believed that with rare exceptions (I think only FDR and Jackson) Presidents have little effect on the economy their first year in office. Trump is an extreme example of this. He has spent more time tweeting, more time in campaign rallies for 2020, and more time vacationing (setting a record in each area) than he has working on legislation and diplomacy combined. Anyone who believed his thousands of promises of what he would do or get others to do in the first day, the first week, or the first month was a fool.
As to Clinton supporters faring better than Trump supporters in the job market, is that so surprising? There are probably differences in personal characteristics. And here in Indiana, a higher percentage of Trump supporters cannot pass a drug test for illegal drugs.
As to Clinton supporters faring better than Trump supporters in the job market, is that so surprising? There are probably differences in personal characteristics. And here in Indiana, a higher percentage of Trump supporters cannot pass a drug test for illegal drugs.
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Illegal immigration across the southern border has declined 70%, deportations and voluntary removals are up. Regulations have been rolled back and fewer new regulations are being implemented. those two items have resulted in incremental business investment and hiring.
Granted, he hasn't been in office long enough for a big change to show, but the economy is headed in the right direction. Despite the fact that the Fed is raising interest rates and selling off the government bonds that were tools they used to prevent Obama policy from completely tanking the economy.
Granted, he hasn't been in office long enough for a big change to show, but the economy is headed in the right direction. Despite the fact that the Fed is raising interest rates and selling off the government bonds that were tools they used to prevent Obama policy from completely tanking the economy.
1
Where do you get your data about deportations and the impact of regulatory policy? Are deportations actually up under Trump? Says who? Can you name one CEO who has said his company is doing things it could not do before Trump changed regulatory policy?
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I have taken the time to check ebmem's claim regarding illegal immigration across the southern border having declined 70% under Trump. It is a pure alternative fact, that is not backed up by either government figures or professional studies.
I disagree with him concerning Trump's changes in regulations causing increased hiring, on two grounds. First, Trump's changes have been few and minor, and most of them had not taken effect or had not taken effect long enough before his post to have changed corporate behavior. I will agree that in September and October some major regulatory changes will take effect, so we can judge soon. Second, and most important, the claims of increased investment and hiring are not true on this plane of reality. As Trump's policies take effect, hiring goes down from what it was a year before under Obama. Note that this is not exactly the same as the unemployment percentage, which is also dependent on how many people are actively looking for work. Hurricanes, starting the day the storm passes, boost employment as utility repair crews and construction contractors dramatically expand their hires. I was raised in SW Louisiana and I have seen this many times. Even these increased hires, which for big hurricanes last over a month, may not counteract Trump's growing bad influence on hiring.
I disagree with him concerning Trump's changes in regulations causing increased hiring, on two grounds. First, Trump's changes have been few and minor, and most of them had not taken effect or had not taken effect long enough before his post to have changed corporate behavior. I will agree that in September and October some major regulatory changes will take effect, so we can judge soon. Second, and most important, the claims of increased investment and hiring are not true on this plane of reality. As Trump's policies take effect, hiring goes down from what it was a year before under Obama. Note that this is not exactly the same as the unemployment percentage, which is also dependent on how many people are actively looking for work. Hurricanes, starting the day the storm passes, boost employment as utility repair crews and construction contractors dramatically expand their hires. I was raised in SW Louisiana and I have seen this many times. Even these increased hires, which for big hurricanes last over a month, may not counteract Trump's growing bad influence on hiring.
This article simply says that those who are better educated have better employment opportunities than do those who are lesser educated and the lesser educated workers voted for Trump.
17
Precisely. HRC supporters over are in states that have the lion share of growing job markets and economic growth.
10
I can't see how Trump improved any part of the economy, as the Obama budget is still in effect until October. What possible link could there be? A statistic looking for some kind of context.
18
Most of us Democrats also care about human rights, the reproductive rights of women, climate change, civil rights, and our national parks. None of those things have improved. The job market improvements were already happening under Obama. The improvements in our economy and job markets due to deregulation will not make our country better in the long run.
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Another factor is the urban-rural split. Trump voters were more likely to be rural. Many rural areas are seeing a loss of jobs along with a loss of population. "New Economy" jobs are almost exclusively an urban phenomenon.
I see this trend continuing with the economic benefits accruing to the urban, Clinton voter.
I see this trend continuing with the economic benefits accruing to the urban, Clinton voter.
20
On the other hand, inequality continues to grow regardless of party.
19
What? You're trying to tell me Big T was unable to land everyone those swanky coal jobs he was hibbity hoppin about?!
Dat's Cray Yo! Who woulda known!?
Dat's Cray Yo! Who woulda known!?
28
Clinton's political dealings where the focus of the 2016 campaign. Trump's policies are basically run out of Russia and Israel(and seen by his pro-China trade policies).
Americans worried so much about Clinton's past dealings, they missed the real problem.
Americans worried so much about Clinton's past dealings, they missed the real problem.
23
This is probably to be expected. Since most state governments mirror their votes for Presidential elections, and there are higher tax rates, and more investment in job creation in Democratic-run states, it makes sense. In states with Greed Over People party majorities in the Governorship or legislature, they are taxing less, investing less, in their state's job creation so there are fewer jobs.
Come out with a graph of that and I think it would be more enlightening. We know that generally the states "up north" pay more than they take from the federal government, and the states "down south" take more from the federal government than they pay in. I suspect an overlay of this with the numbers from your article would look pretty similar.
Hurricanes Harvey and Ivan will make this more dramatic because now they are at the mercy of the government they say they hate, to make them whole.
Come out with a graph of that and I think it would be more enlightening. We know that generally the states "up north" pay more than they take from the federal government, and the states "down south" take more from the federal government than they pay in. I suspect an overlay of this with the numbers from your article would look pretty similar.
Hurricanes Harvey and Ivan will make this more dramatic because now they are at the mercy of the government they say they hate, to make them whole.
27
I appreciate the article, except that still isn't telling much. Which cities, states, companies, or job sectors are actually growing? Which are temporary boosts and which are likely to be long-term jobs? Where are the young people going to find work? Who is moving out of the country to find work? Who is still moving in? What other countries are attracting Americans to their shores? And what will we do now that so many older workers need to retire? How will we restructure the work force when our social differences between states are a deterrent to worker migration and our complicated governance a complication for relocation?
8
You are splitting hairs Jed.
History has shown us it takes many yrs. to see the effect a President has on the economy and even then it may or may not be attributed to the President.
It may still be early but give Obama credit. He took us away from the brink of the greatest eco. downturn in our history to slow, boring sustained eco. growth for the eight yrs of his reign.
History has also shown us that demagogues like Trump almost always ruin the economies of their countries, from the first one Alcidbedes to one of the last ones Chavez in Ven.
History has shown us it takes many yrs. to see the effect a President has on the economy and even then it may or may not be attributed to the President.
It may still be early but give Obama credit. He took us away from the brink of the greatest eco. downturn in our history to slow, boring sustained eco. growth for the eight yrs of his reign.
History has also shown us that demagogues like Trump almost always ruin the economies of their countries, from the first one Alcidbedes to one of the last ones Chavez in Ven.
49
Does this mean Repubs are now Dems and Dems are Repubs cuz a whole lotta rich Repubs got more so under Barry. Another indicator of this phenomena is the lack of labor coverage Labor Day '17 by pubs that typically extol the workingman's holiday.
4