Job growth bounces back in April, up 211k. Unemployment falls to ten year low (user search)
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  Job growth bounces back in April, up 211k. Unemployment falls to ten year low (search mode)
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Author Topic: Job growth bounces back in April, up 211k. Unemployment falls to ten year low  (Read 779 times)
The_Doctor
SilentCal1924
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Posts: 3,272


« on: May 05, 2017, 12:06:52 PM »

This is still the Obama boom. It doesn't become Trump's really until maybe a year (or half year?) in because it takes that long for a President to affect the economy. And none of the Trump executive orders or actions have yet materially affected the economy. Neither has there been legislation to affect said economy.

(Yes that applies to past presidents -- Clinton left W. a strong but slowing economy because of the dot-com bubble bursting).

OP just inadvertently credited a Democratic President by accident. Not that it was his intention which kind of makes it hilarious. Especially since Fox made the same mistake.
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The_Doctor
SilentCal1924
Sr. Member
****
Posts: 3,272


« Reply #1 on: May 05, 2017, 02:16:42 PM »

This is still the Obama boom. It doesn't become Trump's really until maybe a year (or half year?) in because it takes that long for a President to affect the economy. And none of the Trump executive orders or actions have yet materially affected the economy. Neither has there been legislation to affect said economy.

(Yes that applies to past presidents -- Clinton left W. a strong but slowing economy because of the dot-com bubble bursting).

OP just inadvertently credited a Democratic President by accident. Not that it was his intention which kind of makes it hilarious. Especially since Fox made the same mistake.

The point is that employers do not fear the so called "cataclysmic" trump policies.

Just like post- brexit. People predicted disaster and the UK economy ended the year the strongest it has been in decades.

Neither of our points are mutually exclusive however.

Also it's not an apples to apples situation. So far Trump is governing as a pro business standard Republican rather than a true populist. His rhetoric since winning has been much more typical Republican and neoliberal. So your point is not entirely accurate ... Trump hasn't made radical economic statements or done radical economic measures that would trigger markets. So it's not per se comparable to Brexit (and for the record the pound significantly weakened in response so that's one major thing).

Secondly…Brexit hasn't been enacted (just triggered) w/ a waiting period nor has Trump really done anything weird like start a trade war. We have to see what happens if either occurs to see if your contention businesses remain sanguine. I don't think that if negative economic effects start happening or we/they slip into a recession as a consequence that the markets remain as calm.
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