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General Discussion

kentuck

(111,110 posts) Mon Jul 23, 2018, 08:15 AM Jul 2018

4

How long before the Obama economy runs out of steam?

Republicans like to think the economy really sucked under Obama and did not begin to grow until Donald Trump took office. Of course, we know that after the "Great Recession" in 2009, the country experienced 8 years of growth and recovery under Barack Obama.

There is no doubt but that Donald Trump inherited a pretty good economy. But, he was able to unleash the beasts of capitalism, with massive tax cuts and by cutting all kinds of regulations, and the stock market went into a frenzy with all the new capital and freedom to screw America any which way they chose.

But, how long will it last? The steady, slow, predictable growth of the Obama years is gone. Inflation is already beginning in some areas, such as the energy sector. How long can we continue with the present economy? How ugly will it be when it corrects course?

5 replies

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How long before the Obama economy runs out of steam? (Original Post) kentuck Jul 2018 OP

I said 18 months after Shitler took over RhodeIslandOne Jul 2018 #1

Coming soon.....TBA Historic NY Jul 2018 #2

I'm seeing more posts like this here, which does say something Squinch Jul 2018 #3

tariffs, rising inflation, rising interest rates and impending Chinese push back beachbum bob Jul 2018 #4

Well, Wall Street has been basically flat for a year now... Wounded Bear Jul 2018 #5

RhodeIslandOne

(5,042 posts)

1. I said 18 months after Shitler took over

Reply to kentuck (Original post)

Mon Jul 23, 2018, 08:18 AM

Jul 2018

The signs are there. We got a slight reprieve because he couldn’t get hardly anything passed the first six months.

Historic NY

(37,453 posts)

2. Coming soon.....TBA

Reply to kentuck (Original post)

Mon Jul 23, 2018, 08:20 AM

Jul 2018

Squinch

(51,004 posts)

3. I'm seeing more posts like this here, which does say something

Reply to kentuck (Original post)

Mon Jul 23, 2018, 08:23 AM

Jul 2018

(very unscientific) about confidence. And the yield curve is flattening quickly. Won't be long. And I think it will be global.

beachbum bob

(10,437 posts)

4. tariffs, rising inflation, rising interest rates and impending Chinese push back

Reply to kentuck (Original post)

Mon Jul 23, 2018, 08:34 AM

Jul 2018

its coming quickly.

Wounded Bear

(58,704 posts)

5. Well, Wall Street has been basically flat for a year now...

Reply to kentuck (Original post)

Mon Jul 23, 2018, 08:35 AM

Jul 2018

I'd say the fall is getting underway.

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