Quote (Black XistenZ @ Nov 7 2019 11:42pm)
I would rather say neither of them deserves too much credit for the state of the economy. Obama wasnt responsible for the huge recession he inherited, but neither does he deserve too much praise for overseeing the inevitable recovery (which was helped a ton by huge deficits and quantitive easing by the Fed).
Similarly, Trump doesnt deserve too much praise for running with the great economy he inherited, particularly when considering the fact that he keeps on producing huge deficits during the best possible economic times. Trump deserves some praise for extending an already very mature bull market with his business friendly policies and tax cuts, but also has to bear the blame for the trade wars and the corresponding uncertainty/market slowdown. These two points more or less cancel each other out in terms of praise/criticism.
I'm generally in favor of the presidency getting way less credit for most things. We need to move them back into a role as government administrator.... an executive... if you will... and viewed less as "he's at the top, so everything's his fault/success".
The economy recovered under Obama, continued to recover under Trump, but the same problems that were getting worse under Obama have continued to get worse under Trump even if some of the metrics we try to use continue to improve. Nobody's regulated the financial industry which is going to implode in a 2008 esque way eventually, healthcare continues to be an issue and nobody is trying to take a serious stand on it anymore, etc. etc.
This post was edited by Thor123422 on Nov 7 2019 11:49pm