Four quarters is a year, or is this an instance of Republican math? Obama was only President for 32 quarters.

I guess this person is trying to help Obama, but what he is saying in that not true and not helping. The false part is the idea that the oligarchy has put its foot on the gas pedal after having it on the brake for eight years. The real truth that even Republicans acknowledge is that the economy has been booming for eight years. The big issue with the Republican Party is that they are trying to claim that the eight year boom is all as a result of Trump's policies. Clearly, that is not true. Second, it can and has been argued that the economy is actually doing slightly worse under Donald Trump than under President Obama. It has been pointed out on multiple occasions that job numbers were better under President Obama. It has also been pointed out that GDP growth was better under President Obama and that President Obama did not need to thank gimmicks like people and companies making advance order in order to avoid the pain of tariffs.

the best they would say was that it was "slow but steady". but mostly is was called a "weak recovery". it was constantly reported that it should have growing faster than it was. in the meantime, big corps were sitting on huge piles of money that simple economics indicated that they should have been investing in growth, or at least put into higher wages.
"booming economy" was in quotes for a reason. it has weakened, and of course, those tax cuts didnt didnt result in the higher wages that were predicted. real wage increases are lagging inflation.

eta- i'm a she.

Is anybody, other than Fox News, giving Trump credit for the current state of the economy? From what I have seen there is been a great amount of pushback against the Trump supporters who are trying to claim the state of the economy is due to Trump's policies. Definitely on Twitter there was been a number of people who have tweeted about how the economy was, arguable, doing better under President Obama than Donald Trump. John Harwood of CNBC has been very good at pointing out that GDP numbers were in some cases just as good under President Obama as it is now under Donald Trump. He has also pointed out that at times GDP numbers were better under President Obama than currently under Donald Trump. Others, even Republicans, have pointed out that the tax cuts have not had very positive effects and the tariffs have had a negative impact.

Sorry for not know you were a female. Thank you for informing me of that fact.

It is growing at the pace that one would expect it to grow after emerging from a Recession. The same economic indicators are true in the last 6 quarters than they were in at least president Obama's second term.

The problem with the economy is that the distribution of benefits is still weighed significantly to the wealthiest. Trump has basically put 1 trillion in tax cuts at the top, on the credit card and that will come back to bite the US hard in the next few years. That too however, is a standard Republican practice. Democrats tax and spend but Republicans borrow and spend, then leave the mop up after their stupid ideas implode, to a Democratic government, then they blame said Democratic government for a lack of "economic boom".

I do agree that the whole "oligarchy hitting the gas" after "hitting the breaks" is simplistic and not helpful. The oligarchy is mainly concerned about making money and keeping money. They did not "hit the brakes" on anything. There focus was on keeping the distribution weighed heavily toward them, throughout the Obama Presidency. They would not purposely make the economy tank. That is anathema to their desires.

The last time we had this combination of low UE numbers and a stock market setting records was 1998/1999. Greenspan hiked rates all the way to 6.5%!!! Just in time for the 2000 presidential election. This also pushed the economy into a mini-recession when the NASDAQ crashed in March 2000.

There's no rational reason currently for the rates to be this low.