Tweety can get some credit for the success of the 2017 economy, building optimism for businesses, but not much after just 10-11 months of his Administration. The Administration does the work, by the way, not "The Donald."
ANYONE who thinks Tweety's words and work is why the economy is dong well DOES NOT UNDERSTAND ECONOMIC FORCES AT WORK IN A COMPLEX< LARGE ECONOMY.
Propaganda, foolish, and plain wrong-this cartoon. BUT it is cute . . . I will love it if the "Trump economy" really is like this cruise ship. The cruise ship image is what got Tweety elected; his TRUTHFUL HYPERBOLE. How does the Tweety base believe a man who has been bankrupt more than twice can deliver a good/better economy? How can Tweety energize the US economy and deliver a better life for the middle class, and for America's poor?
They hope he gets lucky! I hate to tell them, but HOPE is not a plan, and usually fails.
THAT will be a SURPISE given what Obama accomplished with a shit economy starting in 2008. What can Tweety do starting with a recovered economy, an economy that has come from the depths called the "Great Recession," to respectable?
We'll see what his work does for USA.
“Can’t make it up: Obama now wants credit for the booming Trump economy. At least we can all agree the economy is better under President Trump.”
— White House Press Secretary Sarah Huckabee Sanders, in a tweet, Dec. 10, 2017
Two things Sarah, size and complexity.
Sarah needs to consider size and complexity.
Good for you Sarah. You are recognizing Obama IS at least part of why 2017 was so good, AND we can give Tweety some credit too for building business optimism.
First SIZE: Sarah, you do know you cannot turn a eighteen wheeler on a dime, right? You are a proud country girl, and you know big trucks do not turn easy.
So given that metaphor of big truck for SIZE you can relate. Right?
I give a truck for size.
Then there is complexity of GDP. I doubt you have much knowledge of the factors affecting our extremely complex American economy to make it grow, to affect GDP. I know I do not have a PhD in this area, how about you? Do you have a PhD Sarah?
Check the factors, Sarah.
Here is how the Bureau of Economic Analysis divides U.S. GDP into the four components.
Personal Consumption Expenditures. Almost 70 percent of what the United States produces is for consumer spending. ...
Business Investment. ...
Government Spending. ...
Net Exports of Goods and Services.
https://www.thebalance.com/components-of-gdp-explanation-formula-and-chart-3306015
Sarah, just so you know it, the US stock market has tripled since 2009, NOT SINCE 2017. Obama was President in 2008 thru 2016, remember?
Tweety could NOT possibly affect all these GDP elements since Feb 2017. It is not possible, Sarah. Sorry about you being wrong, Sarah, BUT YOU ARE WRONG.
THUS, as Obama was the president since 2008, you have to recognize HIS efforts, Obama's administration deserve the majority of the credit for 2017 economic improvements.
I blogged several months ago, maybe mid-year 2017, and now at the end of 2017, that a good economy was turned over to Trump/Tweety by Obama. PERIOD.
Complaints about slow growth did not consider what 2008 looked like. The complaints were disingenuous at best. Now with 3% GDP growth things look good under Tweety. Time will tell if he can sustain it. I hope he can. I hope America can grow at 3% and better.
It is time to remind Tweety's base that as 2017 ends well, employment up, unemployment of course is down, GDP growth up over 3, and the stock market is up 19%, MOMENTUM FROM OBAMA IS PART OF THE REASON!
2017 economics look great, but Trump/Tweety ONLY GETS CREDIT FOR 2017 at the most. Even part of 2017 has to be a result of continuing Obama leadership and policies, the first quarter, because Tweety had no influence on the first quarter.
Even as Tweety undid Obama's legacy the "ship" of our economy doesn't turn that fast. Obama gets credit thru the first quarter of 2017 too in mu opinion.
"What President Trump Inherits"
By Brooks Jackson Posted on January 20, 2017
https://www.factcheck.org/2017/01/what-president-trump-inherits/
"Candidate Donald Trump won the election claiming “our country is stagnant.” But President Trump actually inherits an economy experiencing steady if unspectacular growth in output, jobs and incomes.
The new president also inherits a mountain of national debt, large and growing federal deficits, 43 million Americans still mired in poverty and a rising murder rate.
These are some of the numbers by which the future successes or failures of the new presidency will be measured."
Expect Tweety to try to take ALL the credit for anything good, especially the economy. Tweety has a habit of giving himself higher marks than his scorers.
"Comparing the ‘Trump economy’ to the ‘Obama economy’"
By Nicole Lewis December 14, 2017
"The Trump administration likes to brag about the economy. A lot. During a Fox News interview with Laura Ingraham on Nov. 2, Trump boasted about the economic gains during his first year in office, calling it “one of the greatest [economic revivals] in the history of our country.” He added: “I’m not getting enough credit for it.”"
Of course Tweety is not getting "enough" credit because he did not earn the credit he seeks. Mr. President Trump/Tweety, you have to do something that affects the economy other than promise stuff you cannot deliver and write Executive Orders.
"Regular readers of The Fact Checker know we automatically award Two Pinocchios to anyone (editorials included) who gives sole credit to a president for economic improvements. That’s because the U.S. economy is complex, and the decisions of companies and consumers often loom larger than the acts of government."
Moreover, it usually takes time and effort for presidential policies to work their way through the country. One year into the presidency, we are probably still feeling the effects of policies laid out by the previous administration."
Here's some info on jobs.
"Since February, after Trump took office, the economy has gained nearly 1.7 million jobs, according to preliminary data on nonfarm payroll for November. But once again, the job gains are part of a multiyear trend that started in 2010 while Obama was still in office."
Unemployment . . .
"Trump inherited low unemployment numbers from Obama. Since 2011, the unemployment rate has steadily declined from a high of 9.6 percent following the Great Recession. It was 4.8 percent in January, when Trump took the oath of office, and it was 4.1 percent in the December employment report. Below are the yearly averages since 2011."
Stock market . . .
"Trump routinely cites numbers from the Dow Jones industrial average, a collection of 30 U.S. “blue-chip” companies. Much of the recent rise in the Dow can be attributed to a single company: Boeing. Over the course of the year, Boeing’s stock is up 82 percent.
. . . Standard & Poor’s 500-stock index, it’s clear U.S. stocks haven’t rallied as robustly as their foreign equivalents. Trump’s been touting the stock market growth since February, but in November the S&P still lagged behind Japan, Germany and the United Kingdom."
"GDP Growth
Another one of Trump’s frequent economic boasts is about Gross Domestic Product growth. GDP is the broadest measure of an economy. With each quarterly estimate Trump brags the GDP has grown at never before seen rates.
“We were at 3.2 last quarter, but we were at 3. And to be at 3 with a 1 point, that would have meant we would have hit 4 or thereabouts. And those are numbers that have not been seen for many years,” he said on Oct. 31 after the release of second quarter numbers.
Never mind that most economists think 4 percent growth is unlikely in a developed economy — or that quarterly GDP growth has often topped 3 percent during Obama’s presidency."
Credit due where it is earned.
"[Sarah H.] Sanders suggests that its outlandish to give Obama credit for the current economy, claiming that “we can all agree the economy is better under Trump.” The problem is, Trump’s economy owes largely to trends started in the Obama era. By almost every economic measure, the upward trends Sanders and Trump cite began while Obama was still in office.
We’ve said before that anyone who gives sole credit to a president for economic gains receives an automatic Two Pinocchios, and Sanders claim certainly fits the bill. But, we don’t rate opinions, so we’ll leave it up to the readers to decide."
Let us hope Tweety can be as good as he says he is in the next three years, where his true impact can be considered.
