Irony: Trump the liberal

[FlyerInHi]

Being unpredictable is not good. I doubt Trump can outfox those who are well versed in the art of diplomacy. Trump if being played by Putin, China,North Korea, South Korea, Israel, Saudi Arabia… the establishment is very worried he will give away too much.
Trump doesn’t care about national security and the greater good . He just wants short term victories he can claim.

[La Jolla Renter]

The 2 biggest issues I believed Obama would fix was healthcare and the black community (specifically employment, race relations, and education) once an for all.

I don’t know how the average family of four is doing with their promised $2,500 a year healthcare savings, but my personal ppo has gone from $313 to $1089 under Obama care.

Obama failed the black community by every measure I can see unless I put on my Al Sharpton CNN glasses. When the media love affair wears off, history will figure this one out.

[spdrun]

Black community?

Several states actually started reduced/free higher ed programs during or right after Obama’s presidency.

Cops are actually being held to account in public for being racist or abusive, power-drunk shits. Unlike under Bush, where they were “heroes” who could do no wrong. BLM did a lot to the reputations of law enforcement in the US, and it was a good thing!

Marijuana legalisation/criminal justice reform also started under Obama. Again a good thing.

Race relations? I hardly think that Obama causing racists to come out of the woodwork and act butthurt was his fault.

[spdrun]

Black community?

Several states actually started reduced/free higher ed programs during or right after Obama’s presidency.

Cops are actually being held to account in public for being racist or abusive, power-drunk shits. Unlike under Bush, where they were “heroes” who could do no wrong. BLM did a lot to the reputations of law enforcement in the US, and it was a good thing!

Marijuana legalisation/criminal justice reform also started under Obama. Again a good thing.

Race relations? I hardly think that Obama causing racists to come out of the woodwork and act butthurt was his fault.

[FlyerInHi]

Obama fixing the black community is a funny concept. We, all together, need to fix the black community and that will take decades.

I can tell you the low income white community is not doing much better for lack of education. I see the potential tenants that I reject. Lots of drugs and dysfunction, fucked up families, same as “the blacks”. The whites are actually a little more entitled in attitude. They actually think they can rent without deposit.

We are a big country so we have lots of smart people. But we, as a society, don’t value education for everyone. We will suffer in the long run.

[FlyerInHi]

There is more and more academic and historical evidence that Trump’s election was White backlash against the first Black President. The old order not liking the social changes.
https://www.washingtonpost.com/opinions/trump-brings-on-the-death-throes-of-white-hegemony/2018/06/01/0cf2d636-65c7-11e8-a69c-b944de66d9e7_story.html?utm_term=.f17f94b01d07

Indian economist, Surjit S. Bhalla, also posits that there is backlash against global education and the rise of women around the world. The lower classes of society always could go home and feel superior to women. In the West, men could feel superior to blacks, immigrants and women. The changes are messing with their psychology.

[svelte]

Schwarzenegger has become very adept at trolling the Trump idiocy. In response to reports that Trump is considering ordering grid operators to buy electricity from coal and nuclear plants, Arnold tweeted:

“I eagerly await the administration’s regulations protecting pagers, fax machines, and Blockbuster.”

[EconProf]

[quote=La Jolla Renter]The 2 biggest issues I believed Obama would fix was healthcare and the black community (specifically employment, race relations, and education) once an for all.

I don’t know how the average family of four is doing with their promised $2,500 a year healthcare savings, but my personal ppo has gone from $313 to $1089 under Obama care.

Obama failed the black community by every measure I can see unless I put on my Al Sharpton CNN glasses. When the media love affair wears off, history will figure this one out.[/quote]

Exactly right LJR.
We all thought race relations would get better under Obama, and instead they got worse. While it is hard to measure such an ambiguous concept of “race relations”, and thus compare them under one administration vs. another, I did see recently how black males’ support of Trump jumped from 11% to 22%. Sorry, I can’t remember the source. But I wonder if it is connected to the remarkable drop in unemployment rates under Trump. A notable feature of this drop has been the observation that it has dropped the most for the historically least educated, poorest, and minority segments of society.
Back when unemployment rates were high, employers could be choosy and demand perfection among their applicants. Now, with the ranks of the unemployed shrinking, they must take some risks, hire those they think they can train, and BTW, pay them more in order to attract them. All this is ideal for minorities, those with less education, those with a troubled past, etc.
The high GDP growth rate–low unemployment environment that Trump has created will do more to help minorities than any number of government-sponsored “training courses” or useless college majors, or bigger welfare payments to help this segment of society.
Whatever you may think of Trump personally, he is accomplishing objectives that liberals claimed to want. The irony is delicious.

[spdrun]

Most of the drop in unemployment was under Obama, Trump just continued the trend.

Unemployment rate peaked at 10.0% early in Obama’s term. Last full month of Obama’s presidency, rate was 4.7%. Fell to 3.8% under Trump.

[EconProf]

[quote=spdrun]Most of the drop in unemployment was under Obama, Trump just continued the trend.

Unemployment rate peaked at 10.0% early in Obama’s term. Last full month of Obama’s presidency, rate was 4.7%. Fell to 3.8% under Trump.[/quote]

Of course. Obama was in office for 8 years, Trump 1 1/2.
The drop in unemployment rates under Obama was slower than it should have been because the economy was burdened with greater regulations, Dodd-Frank, Obamacare, and higher taxes. Trump has reversed many of these burdens so that, as the NY Times put it in a headline: “We ran out of words to describe how good the job numbers are”.
As for African-American unemployment, it fell from 6.6% in April to 5.9% in May, lowest for that group in history.
Look for more of the same. The Atlanta Fed predicts 2d Qtr. GNP will increase by a sizzling 4.8%. Under Obama, the average annual GDP growth rate was under 2%.

[spdrun]

Atlanta Fed also predicted 5% growth in Q1 2018. Real print: 2.2%.

Dodd-Frank keeps the banks from loaning money to the same kinds of unqualified skells that got foreclosed in 2008. If you want a temporary bubble, OK, but this isn’t sustainable.

Obamacare? Is self-employed people being able to get healthcare at group rates really such a bad thing?

[FlyerInHi]

Econprof, Did it occur to you that macro economics wise the only irony is that deficit spending works in spades to spur economic growth especially in a low interest rate environment.

Right wing ideology has been proven to be total bullshit . No dollar debasement, no hyperinflation in the last decade. Right wingers have abandoned balanced budgets.

What does the professor say?

[EconProf]

[quote=spdrun]Atlanta Fed also predicted 5% growth in Q1 2018. Real print: 2.2%.

Dodd-Frank keeps the banks from loaning money to the same kinds of unqualified skells that got foreclosed in 2008. If you want a temporary bubble, OK, but this isn’t sustainable.

Obamacare? Is self-employed people being able to get healthcare at group rates really such a bad thing?[/quote]

I seriously doubt the Atlanta Fed predicted 5% growth in the first quarter. Citation please. If I am wrong, then I stand corrected.

Obamacare put a $2000 fee on employers who did not offer their workers the right kind of health insurance, thus reducing hiring. Many companies keep their employees under 50 to escape Obamacare.

Dodd-Frank was a needed corrective for the reckless banking practices and resulting bailouts of the large banks. Unfortunately, Dodd-Frank applied to all banks regardless of size. But smaller banks, community banks were not the problem–they were not reckless, they did not need the bailouts. But they were saddled with ridiculous reporting requirements and silly rules. As a result, small towns and small businesses were hurt, and many of these banks were bought up by the big banks or disappeared altogether. Because small businesses could not get loans to start up or expand, a lot of hiring that should have taken place did not. Those small businesses and startups are the primary employers of people looking for their first jobs, not the giant corporations.
Dodd-Frank was recently amended to exclude smaller banks, but the damage has already been done.

[spdrun]

Atlanta Fed, 5.4% predicted for Q1 2018:
http://www.businessinsider.com/atlanta-fed-gdp-now-forecasts-5-percent-growth-in-q1-2018-2

Obamacare employer mandate is still in place, BTW. Though personally, I think the whole fucking thing should be torn down and replaced with public insurance for all.

[FlyerInHi]

We can argue on a micro level forever.
But macro wise, it’s all deficit spending. Even the Republicans have embraced the concept of a huge infrastructure bill. So actually during the Obama years, the Republicans retarded economic growth by obsructing, thus impoverishing us all.

[Author]

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