When the confidence index tumbles into the low 30s, as it did in odumbo's first year, it has virtually nowhere to go but up! People can only get so pessimistic... until they're not!
But hey - let's give odumbo credit for starting this upward trajectory. After all, consumers always feel a nice boost to their confidence when you raise taxes, make them pay more for healthcare, and regulate the fuck out of their employers!
Originally Posted by lustylad
he doesn't quite get the concept of nowhere else to go but up
I tried to share this article with him, I doubt he glanced at it
https://thehill.com/opinion/finance/...it-for-economy
its dated January 2018, discussing how economists agree trump and not obama gets the credit for the improved economy for the past year (2017)
it supports my point that the economy turned on a dime soon as trump was inaugurated
a salient portion of the article:
Why would Trump rate higher than Obama with this group? Economists point to the
upturn in business confidence that accompanied Trump’s election, and tie that to increasing business investment. Spending on capital goods accelerated sharply over the first three quarters of last year, growing at an annualized rate of 6.2 percent.