What do liberals think of unemployment reaching 4.3%, a new record, due to President Trump's policies?

Updated on : December 3, 2021 by Dominic George



What do liberals think of unemployment reaching 4.3%, a new record, due to President Trump's policies?

What do liberals think of unemployment reaching 4.3%, a new record, due to President Trump's policies?

My first instinct here is to say “go you troll!” But there are probably people who really have no idea what the average unemployment levels are or what the trends have been. So here's a goodness ...

Sit back and learn something, troll.

First, the unemployment rate has ranged from about 3% to 11% over the past 60 years. 4.3% is by no means a record low. Second, the unemployment rate was near a record and rising when Obama took office in 2009, and then began to decline throughout his term.

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What do liberals think of unemployment reaching 4.3%, a new record, due to President Trump's policies?

My first instinct here is to say “go you troll!” But there are probably people who really have no idea what the average unemployment levels are or what the trends have been. So here's a goodness ...

Sit back and learn something, troll.

First, the unemployment rate has ranged from about 3% to 11% over the past 60 years. 4.3% is by no means a record low. Second, the unemployment rate was near a record and rising when Obama took office in 2009, and then began to decline throughout his presidency. Third, none of Trump's policies have taken hold yet, they are not in a Trump budget, and he has not passed any major legislation that has gone into effect.

So your question is simply a long series of wrong assumptions. But don't run away, because I'm going to tell you something you like, I promise you ...

Obama is not necessarily the cause of the decline. The bailouts of the banking industry were absolutely critical to stopping the collapse, but Bush would have done it too. Obama's stimulus began to work in many ways, but was interrupted by the incoming Republican Congress. There was nothing driving demand beyond our basic operating procedure. President Bush had declining unemployment, Clinton had mostly declining unemployment, Reagan mostly had declining unemployment… Most people want to work. Now I'm going to say something that you won't like again.

There is the problem of declining labor force participation rates. This is mainly because retirees are not being replaced because we are running out of young people. That could be a problem, but it can be fixed. This is José Vargas:

You are a working-age adult with a career in the United States, but you are not here legally. You may not be able to obtain citizenship even though it is employable, we obviously need workers and our population is aging rapidly. Maybe it's time to start talking about relaxing the citizenship requirements, because very soon you are going to be taxed to maintain a balanced budget because your parents and grandparents have not had the grace to die at 68 years old.

You would have to agree with most of the answers on this topic: the low unemployment rate is not the result of Trump's policies. On the other hand, as usual, all the mud is going to Trump's side and, as seems to be the liberal custom, all the good must have been due to Obama (or literally anyone else or anything else), not Trump. .

Unfortunately, any good fortune we may experience cannot be attributed to Obama either. Presidents on both sides of the aisle love to take credit for all the good that happens and blame the former president for all the bad, just as Obama did for eight years.

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You would have to agree with most of the answers on this topic: the low unemployment rate is not the result of Trump's policies. On the other hand, as usual, all the mud is going to Trump's side and, as seems to be the liberal custom, all the good must have been due to Obama (or literally anyone else or anything else), not Trump. .

Unfortunately, any good fortune we may experience cannot be attributed to Obama either. Presidents on both sides of the aisle love to take credit for all the good that happens and blame the former president for all the bad, just as Obama did for eight long and painful years. Trump will do it, it's more or less a political expectation. It's the old story and it goes well with the permanent joke: "How can you tell if a politician is lying?" Answer: "When your lips move!"

So what affects the number of jobs? Try them on for size:

The weather: when the weather is good, the number of jobs increases. In bad weather, jobs are taken.

The Fed: To a large extent, they set interest rates, and that has a strong effect on borrowing and job growth.

Congress: Guess Who Starts Spending? It is not the president, it is the congress. Between the House and Senate, they can vote to spend loads of their money on all kinds of things or set policies that have a direct impact on jobs, the government, and others. If Congress really wanted to improve the number of jobs, it could declare war; Americans love it, and when it happens, the job and financial numbers skyrocket.

International events: wars, acts of terror, return (or loss) of foreign investments. All of these things have a direct impact on overall economic sentiment and that either hurts employment numbers or improves them.

The fact is, the president can make a lot of noise, but when push comes to shove, all he can do is influence the process, and that influence is short-lived.

Ah, another "question" from a troll, this time not posted anonymously for a change.

Since this is clearly a carry-over question, I guess you are smart enough to know the fallacy in your statement.

Come back in another year, so it's been the required 18 months for any new policy to really make an impact, and we'll give you an answer. And unlike some, more conservatives stuck in the mud, most of these 'liberals' will / would be very happy that their policies have had such a positive effect, as liberals look at the evidence and accept that something was a success. , whatever the case. architect.

Have s

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Ah, another "question" from a troll, this time not posted anonymously for a change.

Since this is clearly a carry-over question, I guess you are smart enough to know the fallacy in your statement.

Come back in another year, so it's been the required 18 months for any new policy to really make an impact, and we'll give you an answer. And unlike some, more conservatives stuck in the mud, most of these 'liberals' will / would be very happy that their policies have had such a positive effect, as liberals look at the evidence and accept that something was a success. , whatever the case. architect.

All of the above being said, with the body blow that Tump just delivered to the renewables industry in the US, one that likely would have far outweighed any minor impacts on jobs and earnings from dragging the coal to the fore, I suspect this is just the start of a series of additional "own goals" that Rump will put in place during this period, in fact he will not be able to ask for it again as the rate will start to move in the opposite direction.

Unemployment has continued to decline as a result of what the Obama administration did to lift this country from the brink of disaster.

Speaking of that Labor Department report, the job growth rate is actually slowing under Trump. Not because of his policies (he hasn't actually enforced any of his policies yet), but more likely because he's an incompetent, narcissistic lunatic who has no idea how to rule a nation.

Just look for "victory".

Trump has successfully implemented exactly zero new economic policies so far, so the credit for the current low unemployment rate, which is not even a record, as it pertains to 3.8% unemployment under President Bill Clinton or even earlier, at 2.5% under Eisenhower. , can only be attributed to President Obama, not Trump in any way.

It had nothing to do with President Trump or his policies. He has only been in office for five months, what is happening now is more what Obama is doing and the general recovery of the global economy of which we are a part, which has more impact on how our economy will grow or not grow, with little we can do to control it. If you want to see the full impact of Trump's policies and how they will affect the US economy, you will have to wait a little longer for the year-end financial and economic report for 2018.

What policies do you mean? I think it's a bit early to say that Trump has influenced employment rates, but certainly low unemployment is good, and liberals feel good that unemployment is down. Do you somehow think liberals would feel bad about falling unemployment?

Update: I just saw this column from a conservative columnist: Opinion | Trump's economy: tired of losing already?

The rate has nothing to do with Trump's "policies" because Trump has not yet made any changes to Obama's policies.

In addition, the demographic reality of the late baby-boom era and ZPG argues that the unemployment rate will fall to almost 3%, if nothing changes to make the situation worse (as in DUMP TRUMP types they gain ground and we get POTUS Pence that it will). move to increase unemployment to 10 or more).

It is not possible that Trump has yet influenced the economy. The economy is a gigantic and complex machine in which policies take years to take effect. Although Trump will certainly slow growth by reducing the immigrant population; a smaller workforce means a smaller and weaker economy.

Everything bad happens, "Oh those Republicans," they say.

But the Democrats should take credit for all the good stuff, right?

Yes, I mean most of the so-called "modern liberals."

To answer your question, the low level of unemployment was the result of the Obama administration, but Bush (II) should take the blame for the slower economic growth in decades, they will say.

The amount of economic legislation that Trump has passed is staggering 0 legislation passed. The number of budgets that Trump has successfully passed is a staggering 0 budgets passed.

In other words, Trump has done nothing to reduce unemployment.

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