Drudge Retort: The Other Side of the News
Monday, February 17, 2020

One of the biggest themes of President Donald Trump's State of the Union address -- and one of the biggest themes of his reelection campaign -- is that he inherited a weak economy from President Barack Obama and turned it into a strong economy by implementing his own policies.

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Been saying this for months.

#1 | Posted by jpw at 2020-02-17 03:25 PM | Reply | Newsworthy 4

Problem is that these are facts, and facts are DOA in Trumpsville.

Kinda like the rule of law....

www.youtube.com

#2 | Posted by Corky at 2020-02-17 03:30 PM | Reply | Newsworthy 2

People need to be reminded of this EVERYDAY.

OCU

#3 | Posted by OCUser at 2020-02-17 03:41 PM | Reply | Newsworthy 4

Problem is. It's difficult to combat disinformation.

Which the Republican Party excels at spreading.

Republicans choose to believe what they're told based on who's telling them the information. It's why alternative "facts" do so well in the world of Trump. Trumpublicans somehow believe, the news a habitual liar is telling them, is more accurate, than the news members of the government and press and information community are telling them.

But, what do you expect from a group of people who still deny global warming because they've been told scientists are doing it for the grant money.

#4 | Posted by ClownShack at 2020-02-17 04:39 PM | Reply | Newsworthy 4

LOL, JPW posts an fact check article titled "No, the economy didn't suddenly get strong under Donald Trump" that shows 15 graphs that confirm that the trend lines "continue [downward] almost seamlessly from the second half of Obama's second term" to all time lows, contains this paragraph:

"When we reached out to the Trump campaign, they offered several statistics showing Trump has notched greater gains than Obama did, such as manufacturing job creation, the unemployment rate, and economic growth. We found those statistics, and other specific facts Trump cited during the State of the Union, were accurate, or largely so."

And hopes/titles the thread that this somehow "Destroy's Trump's Economic Narrative."

You Dolts all need to get back to your Reading Comprehension Tutors.

#5 | Posted by Rightocenter at 2020-02-17 04:42 PM | Reply | Funny: 2 | Newsworthy 1

#5 | Posted by Rightocenter

Speaking of dolts...

I am betting that is where you stopped reading right? Attention span slightly longer than Trumps...

Yes there are points where gains were greater under EACH of them. It isn't one sided on this they just presented facts to support their side.

As JPW Posted - The bottom line: For virtually each of these measurements, we found that the trend lines continued almost seamlessly from the second half of Obama's presidency into the first three years of Trump's tenure. Trump's claim that he turned around a failing economy is wrong.

Go look at the graphs. Those are some pretty damned smooth curves.

The point is this was under way under Obama and simply continued. Sure looks to be true.

#6 | Posted by GalaxiePete at 2020-02-17 05:47 PM | Reply | Newsworthy 5

You Dolts all need to get back to your Reading Comprehension Tutors.

#5 | Posted by Rightocenter

LOL you need to go back to not being a sycophantic turd.

Why not check the cherry picked stats that they say are different?

Manufacturing jobs:
www.factcheck.org

Unemployment rate:
Graph is in linked article. Trend line the same as during the Obama years.

Economic growth:

GDP graph is in linked article.

Other than a few quarters where the "tax reform" bought some higher numbers, Trump has been right on par with Obama at around 2% per quarter.

Only a moron would look at the data and conclude that Trump deserves credit for anything more than not ---- it up. He certainly hasn't built anything, that's for damned sure.

#7 | Posted by jpw at 2020-02-17 06:13 PM | Reply | Newsworthy 3

How many times did the Fed print money out of thin air (Quantitative Easing) during the Obama years? It was at least 3 times. interest rates were at 0% until the last 6 months of the Obama presidency where the rate was raised 0.25%. It's been raised 3 times that amount over the past 3 years.

The Obama-years' stagnation was propped up by a LOT of phony government money.

The deregulatory push including opening up natural gas and oil production is what has been driving the economy for the past 3 years, much more than the new tax law, although that certainly has contributed to a growth-friendly economy.

#8 | Posted by JeffJ at 2020-02-17 06:44 PM | Reply | Funny: 1

Dubya dug us a very deep hole when you dig a hole it requires more dirt than removed. Obama had to find more money somewhere to fill in Dubya's hole.

#9 | Posted by LauraMohr at 2020-02-17 06:56 PM | Reply

#8 | POSTED BY JEFFJ

LOL

Can't refute the data so just pull stuff out of your arse.

#10 | Posted by jpw at 2020-02-17 07:33 PM | Reply | Newsworthy 1

Great post. The data says it all.

#11 | Posted by BruceBanner at 2020-02-17 08:11 PM | Reply

#10 It's called "economics", JPW.

Fact is presidents get more credit and more blame than they deserve when it comes to the economy.

Do you understand how the Fed manipulates interest rates depending on economic trends? How about the Treasury when it prints new money?

Lowering interest rates and printing new money are both measures government uses to try and prop up a lagging economy.

Do you honestly not understand any of this?

#12 | Posted by JeffJ at 2020-02-17 08:33 PM | Reply | Funny: 1

"Only a moron would look at the data and conclude that Trump deserves credit for anything more than not ---- it up."

In the scheme of things, that comment represents support for trump.

#13 | Posted by eberly at 2020-02-17 08:46 PM | Reply | Funny: 1

Trump's claim that he turned around a failing economy is wrong.

Speaking of Reading Comprehension failure, that was my point (hint: I bolded the term suddenly before "got strong"), it was that fact checked statement and the graphs "continue [downward] almost seamlessly from the second half of Obama's second term", not "Graphs That Destroy Trump's Narrative," as many of those graphs show records for their data.

As Politifact acknowledges, each of those graphs shows exactly what I said they did, and "Trump has notched greater gains than Obama did, such as manufacturing job creation, the unemployment rate, and economic growth. We found those statistics, and other specific facts Trump cited during the State of the Union, were accurate, or largely so."

#14 | Posted by Rightocenter at 2020-02-17 09:34 PM | Reply | Funny: 1

#10 It's called "economics", JPW.

What evidence do you have that oil and gas is driving the entire economy? Let alone his deregulation policy?

You're stating things without supporting evidence.

Now that you mention it, that is "economics". Damn soft sciences.

Fact is presidents get more credit and more blame than they deserve when it comes to the economy.

I completely agree.

Which is why I've been saying, for months and as stated in post #1, that Trump's and his supporter's claims of economic prowess and greatness being apparent is garbage because evidence shows it's most easily explained by economic momentum. Trend lines haven't changed and the only changes (GDP growth) apparent were transient and bought at a high price with parlor tricks.

Do you honestly not understand any of this?

#12 | Posted by JeffJ

Nothing that I said indicated I was arguing about how it happened.

My argument has always been and ends at Trump's economy is due to existing motion. He hasn't f---ed it up, which is about as much credit as he deserves.

#15 | Posted by jpw at 2020-02-17 09:48 PM | Reply | Newsworthy 1

In the scheme of things, that comment represents support for trump.

#13 | Posted by eberly

LOL I guess so.

#16 | Posted by jpw at 2020-02-17 09:49 PM | Reply

The point is this was under way under Obama and simply continued. Sure looks to be true.

#6 | POSTED BY GALAXIEPETE

Because it is. If not for Obama Trumps economy would look exactly like what was left with from Bush. A global economic disaster.

Trumpeters still accuse the Fed under Obama of creating a "false economy" that made Obama look good, but was really nothing more than a system propped up by Fed stimulus and quantitative easing.

The problem is... Trump is doing the same thing then lying to us and claiming it is his "roaring economy". Trump pressured the Feds to lower interest rates (in a so called booming economy) and has employed Quantitative Easing.

Wait for it...

Just like Obama did, only he did it to pull us out a recession.

And the Deplorables screamed bloody murder and there was much gnashing of teeth and rending of clothes as you might recall.

How is that deficit looking Proud Boys?

Trump has added a massive amount of debt while the US economy has been strong, whereas Obama took over during the depths of the financial crisis.

Deplorables live in a Fantasyland.

#17 | Posted by donnerboy at 2020-02-17 10:34 PM | Reply | Newsworthy 5

I can't imagine anyone, not even the staunchest Trump supporters, believing that he inherited a failed economy. Then again ...

#18 | Posted by CrisisStills at 2020-02-18 05:36 AM | Reply

Deplorables live in a Fantasyland.

#17 | POSTED BY DONNERBOY AT 2020-02-17 10:34 PM | REPLY | NEWSWORTHY 1

True, of course, but I gotta be honest, I don't remember the rending of clothes.

#19 | Posted by cbob at 2020-02-18 10:02 AM | Reply

I can't imagine anyone, not even the staunchest Trump supporters, believing that he inherited a failed economy. Then again ...

#18 | Posted by CrisisStills at 2020-02-18 05:36 AM | Reply | Flag

I can. I have met them. They are in my family.

They say that he "Inherited a mess!"

Me: What mess?

Them: The economy.

Me: How?

Them: Unemployment was through the roof.

Me: Unemployment was under 5%.

Them: No it was through the roof.

Me: Where did you get that?

Them: Trump said it.

Me (pulling up BLS website): See it says 4.7%.

Them: Those are deep state lies put their by Obama.

You can't argue with that level of stupid.

#20 | Posted by Nixon at 2020-02-18 11:54 AM | Reply | Newsworthy 1

The Obama-years' stagnation was propped up by a LOT of phony government money.
The deregulatory push including opening up natural gas and oil production is what has been driving the economy for the past 3 years, much more than the new tax law, although that certainly has contributed to a growth-friendly economy.
#8 | POSTED BY JEFFJ

What stagnation? The Obama GDP growth was greater than Trump's.

And Phony government money? Like a $5.5 trillion tax cut while increasing government spending thereby doubling the deficit?

Oh wait...that was Trump.

Maybe a $28 billion dollar aid program to farmers?

Oh wait...that was Trump too...

Oil and Gas mining only accounts for 1.8% of the US GDP. Certainly collateral equipment and jobs are a little above that. But if we are tapping into oil and gas, it's finite natural resource. You're borrowing from future mining prospects to artificially boost the economy today while doing lasting environmental damage. Later, when those sources begin to dry up and the cost of mining goes up, you've actually hurt the economy. This is doubly true when you factor in that the same oil and gas will be worth far more in the future.

You literally just admitted Trump is boosting the economy by raiding our natural resources rather than growing sustainable business.

SO why does Trump has to raid natural resources to grow the economy while Obama didn't?

#21 | Posted by Sycophant at 2020-02-18 12:43 PM | Reply | Newsworthy 1

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