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As for his policy leading to a roaring economy I'm not sure where you gather that from. A key reason the economy is doing as well as it is though is the global economy has been performing very strong and lifting us with it. He inherited the positive unemployment, the tax cuts have given us a short-term jolt that is expected to start fading next year but there's not been much movement on wages as well as savings which is very weak. GDP hasn't come close to Trump predictions and is expected to fall to 2% next year. Goosing an economy at full employment doesn't make a lot of sense unless it's just political payback. Starting trade wars with our allies where we don't even really have trade deficits doesn't make sense either. Remember all the tough talk on China? Trump tried to be a bully and got bitch slapped. Instead we're going to battle with Canada over cheese, our second biggest trading partner and a country who has stood by our side like a blood brother. It's embarrassing. |
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We'll see how it plays out. There's an old political expression that goes, "it's about the economy, stupid". Trump wins on the economy. The GOP has the democrats on record saying they will work to repeal the GOP tax cuts. Let's see how receptive Americans are to having their paychecks cut. |
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I have called him a morally bankrupt reptile, and a scumbag, as many times as I criticized Obama. There is no "if". "As for his policy leading to a roaring economy I'm not sure where you gather that from" Low unemployment? Record low unemployment for blacks? Stock market soaring? These are the same statistics that got better under Obama, and I never heard you deny that Obama improved the economy. "there's not been much movement on wages " https://finance.yahoo.com/news/u-wag...120000493.html 2.9% year over year? That's more of a raise than I got. Not as good as being in a union for sure, but not bad. You're right, wages need to increase more. If the demand for labor now exceeds the supply for the first time ever recorded ("ever" only being 17 years), why wouldn't that help increase wages? Familiar with supply and demand, and their effect on price? |
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Obama added more to the debt than anyone before. Conservatives said it was terrible, liberals were not concerned. Trump is now adding to the debt, and the roles are reversed. Conservatives say it's nothing to worry about, liberals now worry about deficits. Here's the difference...Trump is putting money in the pockets of huge numbers of Americans. Obama never came close to doing that. |
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Believe me, I told you so If you deny it you must be from Fake news, one of those failing news organizations, Not state news, oh i meant Faux, Fox, or the deep state, or secretly a democrat, or short or a lying, cheating adjective repeated endlessly until it is true. Anyways it's all Obama's fault and you'll have to ask him about that, or maybe George Washington. REPORTER: Mr. President, David Herszenhorn with Politico Europe. Just to come back to Russia for a second. Something that happened that got them kicked out of the G8 was the invasion and annexation of Crimea. Do you think that Crimea should be recognized as Russian (inaudible)? PRESIDENT TRUMP: Well, you know, you have to ask President Obama, because he was the one that let Crimea get away. That was during his administration. And he was the one that let Russia go and spend a lot of money on Crimea, because they’ve spent a lot of money on rebuilding it. I guess they have their submarine port there and such. But Crimea was let go during the Obama administration. And, you know, Obama can say all he wants, but he allowed Russia to take Crimea. I may have had a much different attitude. So you’d really have to ask that question to President Obama — you know, why did he do that; why did he do that. But with that being said, it’s been done a long time. |
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The 'vast majority' are not economically better off today than they were the day before Trump took the oath? How can you say that? More are working, wages are increasing (I posted a link showing that), everyone's tax rates are lower, and anyone who has money in the stock market is obviously better off? How can you say the 'vast majority' aren't participating in the recovery? "the mantra of business and the right is STFU and be thankfull you get a pay check at all" I don't know any businesses or republicans who say anything like that. |
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As for other news. https://www.wsj.com/articles/will-th...arm-1528714800 |
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fixed it for you. "and some the result of Obama tax cuts" What tax cuts were those? How about Obamacare and the stimulus package? "Obama did a good job of reducing the deficit and as a percentage of debt increase " He had the highest deficits ever. He gets credit for the biggest deficits being his earliest years? Is the debt any different if his biggest deficit is in his first year or his last year? "Impact of the tax cuts to average workers is pretty small" True, but it's larger than the $0 tax cut we got under Obama. |
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Republicans held the House, Senate and the Presidency for most of the years leading into the recession. By the time the Dems took the house at the end of Bush's second term the lot had been cast. It wasn't Dem spending it was a lack of revenue from the Bush recession that spiked the deficit which Obama inherited. Quote:
http://www.politifact.com/truth-o-me...e-class-famil/ By some measures they say Obama's tax cuts could be bigger than Trump's. [QUOTE]He had the highest deficits ever. He gets credit for the biggest deficits being his earliest years? Is the debt any different if his biggest deficit is in his first year or his last year? The reason the fiscal year is offset from the election year is to give the incoming president time to make adjustments from their predecessor. The first year of your term, heck maybe even the second are pretty much fixed as to ability to influence the deficit. So yes, there's a huge difference between the first and last years. Quote:
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[QUOTE=spence;1144374]There you go again rewriting my post.
Republicans held the House, Senate and the Presidency for most of the years leading into the recession. By the time the Dems took the house at the end of Bush's second term the lot had been cast. It wasn't Dem spending it was a lack of revenue from the Bush recession that spiked the deficit which Obama inherited. You weren't paying attention? http://www.politifact.com/truth-o-me...e-class-famil/ By some measures they say Obama's tax cuts could be bigger than Trump's. Quote:
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I have an idea, let's call ourselves liberals and criticize something we used to praise because we don't like conservatives. It's a bad look guys. And it accomplishes nothing constructive. I understand it gives you purpose, but the smug act makes you look foolish to all but your clique.
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"The modest increase in annual raises would seem to defy Economics 101. The unemployment rate has been below 5% since May 2016. Many companies are having a hard time filling positions, particularly for skilled workers. Typically, when the demand for workers grows, wages go up. One possible explanation: Older workers are retiring and being replaced by younger workers who earn less, which drags down the aggregate increase. Another factor: Many employers are no longer offering equal raises. " https://www.kiplinger.com/article/bu...s-in-2018.html also https://www.bloomberg.com/view/artic...-bigger-raises |
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From 2009 - 2016, it was awesome, and to the President's credit, when unemployment went down. From 2009 - 2016, it was awesome, and to the President's credit, when the stock market went up. And no one cared about adding to the debt. And no one cared that wages weren't increasing significantly. Today, when unemployment is even lower, and the stock market is even higher, that's bad because now that the POTUS is a Republican, these things only help rich people and businesses. And suddenly, none of that means anything, unless wages increase meaningfully. "the smug act makes you look foolish to all but your clique." Bingo again. To say that there is zero, and I mean ZERO, intellectual honesty to liberalism, is an understatement. People are finally seeing this for what it is, which is why at this moment, the GOP controls everything in DC, and a huge majority of governorships and state legislatures. We'll see what happens in the midterms, there could be a blue wave. Or maybe not. But as of right now, the democratic party is not a national party, it's a fringe group of radicals (who feel strongly that grown men should share public restrooms with 7 year-old girls), with strongholds on the two coasts, and zilch in between. Their ideology only moves further to the left, never back towards the center. Their best hope, and it is a very realistic hope, is sufficient immigration. |
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The great irony is that the repubelicans supposedly hate deficits and complain about them until THEY are in power. The economy, wages, the stock market, have been growing for almost a decade on a nearly even trajectory following near catastrophe, but now after 1 year of Trump policies, it is the best economy ever. How bout you have some intellectual honesty and see what the long term effects of his policies are before we puff our tail feathers. |
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2nd this is from one of the articles you posted “The first quarter of 2018 did see substantial compensation increases — an annualized rate of almost 4 percent.” Which aligns with what we were saying about as the demand for skilled workers increases the compensation increases 3rd your post even reiterates what we said “Typically, when the demand for workers grows, wages go up.” And even gives a reason why it may be slow through this cycle. Inexperienced people, who do not command as high a salary, as the experienced people who are retiring did. It also doesn’t happen immediately, the wage decrease that occurred when the dot-com bubble burst took a few years to correct itself and now developers are reaping increased compensation. Posted from my iPhone/Mobile device |
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I see. So when the same people who celebrated low unemployment and stock gains, are now deriding those things, I am just too stupid to see the acumen behind their genius. Gotcha. "it makes you feel better about yourself. " Wrong again. It just makes me sad, not better about myself. "The great irony is that the repubelicans supposedly hate deficits and complain about them until THEY are in power. " I could follow your lead and say that you are misinterpreting them, but you are right, the hypocrisy exists on both sides. "The economy, wages, the stock market, have been growing for almost a decade " And I have always given Obama credit for that. "now after 1 year of Trump policies, it is the best economy ever." Not the best ever. But using the same exact criteria that made the Obama economy a good economy (low unemployment, healthy stock returns), the Trump economy is better than what he inherited. Not the best ever, but better than Obama's. Try making that wrong - you can't, you just can't. "How bout you have some intellectual honesty and see what the long term effects of his policies are before we puff our tail feathers" again, hypocrisy. Liberals weren't waiting for long term impacts of Obama's policies before they declared him a great POTUS. You have very different standards for judging presidents, depending on which party they are in. I use the same standards, or at least try to. |
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