According to the Commies at Goldman Sachs, stock ownership is extremely concentrated because of the growing wealth gap in the U.S., and thus the market’s performance affects households making up the wealthiest 1% of Americans much more significantly than the other 99%.
“The wealthiest 0.1% and 1% of households now own about 17% and 50% of total household equities respectively, up significantly from 13% and 39% in the late 80s,” Daan Struyven, Goldman Sachs’s chief economist said.

we’re all better off when the market rises pete. no one is inherently better off if the market crashes.

sorry, comrade, you’re not holding any cards here.

as to the gap in wealth, as i’ve said
it might not be fair, but it’s not bad either. not unless you’re dumb enough to believe that one persons wealth causes someone else’s poverty. no one would be better off if wealthy people stopped creating more wealth for themselves. Bill Gates’ net worth has absolutely nothing to do with my ability to seek financial security. Zip.

Is that all you have? Orange Man Bad, wealth inequality somehow “causes” poverty, any other liberal
bumper sticker slogans you got?

Earth to Pete...if oprah winfrey earns another million today, that does NOT mean there’s a million left for us to scrounge for. It doesn’t work that way, wealth is not finite like a pizza. Plus, she’ll pay some taxes on that million, she’ll spend some, she’ll
invest some, shell
give some to charity, ALL of which help the economy and lessen the burden on regular folk.

Take off the tin foil hat, wipe the crazed foam off your
mouth, stop
howling at the moon, and think.
Posted from my iPhone/Mobile device

He trademarked "snowflake"

So far by manipulation of the tax code and blindly killing regulation Trump has achieved some small gains in the existing markets, that have largely benefited wealthy Americans. He has increased the national debt and because his projected growth likely doesn't occur will make it substantially worse than projected currently.

Our infrastructure is currently falling further and further behind our competitors and all Trump has done is have a couple of Infrastructure weeks and invented a plan where infrastructure would be farmed out to for profit firms. Just another transfer of wealth from most americans to those who own stocks, largely the most wealthy people in the US. Infrastructure is a worthwhile investment for Americans as a group and we have done it in the past. Thank Eisenhower for that.

His disruption of global trade and historic alliances will have an impact that will play out for many years. I don't think it will be positive.

His dilettante treatment of foreign policy is scary, it is a long term commitment that has been carried out over many years and now is questioned by our allies, much to our adversaries glee. Just taking a meeting is not diplomacy. Don't get me started on Ivanka, Jared and take your kid to work day.

As I've said before Trump already gives himself far more credit than he deserves.

When he acknowledges that, I'll gladly give him the little credit he is due.

History will be the judge
Posted from my iPhone/Mobile device

that wasn’t partisan at all, nope.

regular folks aren’t benefitting? blacks who are now employed? i thought people on the left claimed to care about that? you only celebrate good news for blacks, when it’s delivered by a democrat, I guess.
Posted from my iPhone/Mobile device

PeteF. likes to mock and hypothesize and resents Donald for doing the same. Interesting
Posted from my iPhone/Mobile device

Lol.
Posted from my iPhone/Mobile device

I cite an analyst at Goldman Sachs and you put words in my mouth and claim that I have a tinfoil hat and somehow revert to your usual rant that wealth inequality is good, has no effect on opportunity, a non-issue, Oprah's got money, things will trickle down or something.

If you again are off on this track to a trainwreck, explain how control of the factors of production has no consequence, perhaps you should tell the professors in Economics 101.
They would tell you that all business requires Land, Labor and Capitol.
If you control one of these you can control markets and dominate them, perhaps you have an alternate business theory?
The wealthiest people in the world are gaining more control of the capital market and it is clearly evident if you look at the data.
Do you think that the distribution of wealth is not changing?
Do you think controlling capitol is inconsequential?

he also claims
trump resorted to gimmicks to helping the economy, while
adding to the debt. Yet he gives obama
high marks, despite the fact that all obama did ( which worked, by the way) was borrow money to pump
into he economy through quantitative easing, which also added to the debt.

Brilliant when Obama did it, bad when Trump does it.

TDS.
Posted from my iPhone/Mobile device

please. if that same
analyst gave trump credit for something, you’d say he was a racist.

a rising tide does lift all boats. i’m sorry if you only choose to celebrate that when delivered by a democrat, but that’s your bias, not mine.
Posted from my iPhone/Mobile device

Buy shoes or an appliance lately? And don't worry american manufacturers took this chance to raise their prices also, so buying American doesn't save you money.

We don’t get to set a very low bar for economic success for black workers and then applaud ourselves when we reach it.
Black unemployment is still double white unemployment, do you think he should get credit for letting them also benefit in the rising tide, since black unemployment has dropped continually since the beginning of the Obama presidency?

You didn't answer my questions
Do you think that the distribution of wealth is not changing?
Do you think controlling capitol is inconsequential?

"Buy shoes or an appliance lately?"

Both, actually. So?

"And don't worry american manufacturers took this chance to raise their prices also, so buying American doesn't save you money."

If that's true, inflation would be increasing. You appear to be the first person to have discovered it. Either that, or you are desperately grasping at straws...

"Black unemployment is still double white unemployment, do you think he should get credit for letting them also benefit in the rising tide, since black unemployment has dropped continually since the beginning of the Obama presidency? "

In other words, Obama gets credit for decreasing black unemployment, but Trump doesn't. When black unemployment drops under Obama, that's great. When it drops under Trump, all that matters is the gap between white and black unemployment.

You cannot keep your goalposts still, for two consecutive seconds. All you're doing, is shifting the goalposts.

"Do you think that the distribution of wealth is not changing?"

I have said many times that it's changing, it's increasing. I can't answer any more directly than that, can I? Here are 2 follow-up questions...

(1) Why should I give a sh*t? As I said, if Oprah earns another billion this year, how does that hurt my family, of your family, or anyone else? Please be specific...

(2) how would you prevent it? Would you pass a law, saying that once your net worth reaches a certain amount, that you are no longer allowed to work or invest? How else could you stop it?

"Do you think controlling capitol is inconsequential?"

I don't think it's overly-consequential, not as long as we have the constitution and courts who follow it.

For the past 50 years the government has enabled the concentration of capital thru laws and regulations.

Just for Jim
Written by a "black" person

The unemployment rate among black Americans is at 6.8 percent, which means it's twice that of white people's. President Donald Trump is the reason why.

Don't try to argue this. Trump has been in office for 378 days now, long enough for him to be blamed for everything in America that isn't what it should be. Walmart announced Jan. 12 that it's closing 63 Sam's Club locations across the United States, which BusinessInsider.com says would impact about 11,000 jobs. That's Trump's fault, too.

Why wouldn't it be?

The Sam's Club announcement came the day after Carrier, the A.C. and furnace manufacturer, announced 215 more layoffs. The company had announced 340 layoffs in July 2017. Carrier's announcements were even more significant than Walmart's because Trump made a big to-do about saving employees' jobs at Carrier even before he was sworn into office.

"We all voted for him," 44-year-old Renee Elliott told NBC News. "We just thought he was going to protect our jobs. It sounded really good. And then, boom."

Coal workers also supported Trump because he made them believe that he was going to save their jobs. But the gain of 500 jobs in that industry made in 2017 are expected to be followed by the loss of 370 jobs this year at a mine owned by Mepco LLC. The mine near the border of Pennsylvania and West Virginia is being shut down, which the chairman of Greene County, Pa., county commissioners says is worse than a mere layoff. Shutting down a mine, Blair Zimmerman said, is "as bad as it gets."

Zimmerman, a former miner himself, said coal miners voted for Trump "because he said he'd bring back coal. It's not happening. There's not been any significant change in the industry since he's taken over."

We know it's appropriate to blame Trump for all of the problems in America because he gleefully takes credit for everything that he thinks is positive. Like that 6.8 percent black unemployment rate. He has boasted that the rate is as low as it is - if you consider it low - "because of my policies." So if his policies are responsible for black unemployment rate being the lowest on record, then those same policies are responsible for it being twice as high as white people's, am I right?

If you're going to take credit for Walmart boosting the starting pay for its hourly employees to $11 per hour, then you're going to take the blame for the same company shutting 63 Sam's Clubs, right?

The black unemployment rate was 12.7 percent the month President Barack Obama took office, and it was 7.8 percent the month he left, but in 2016, candidate Trump said, "We have an African-American president and what he's done for African-Americans is a shame."

As Trump sees it, he's done great things for black people, while Obama did nothing.

Black people say otherwise. In January 2017, the last month of Obama's second term, a Gallup poll showed that 92 percent of black people approved of him. According to a January 2018 Gallup poll, the percentage of black people who liked Trump was at 6.

Jarvis DeBerry is deputy opinions editor for NOLA.COM | The Times-Picayune.

well that’s good
enough for me.

pete, if i post an article
written by someone who hated obama, would that convince you that obama was bad?
Posted from my iPhone/Mobile device

"The unemployment rate among black Americans is at 6.8 percent, which means it's twice that of white people's. President Donald Trump is the reason why."

But Obama wasn't the reason why black unemployment was higher than white unemployment, from 2009-2016?

It's Trump's fault that young black men make babies and don't help raise them?

"Don't try to argue this"

I don't have to, it's absurd on its face.

"We know it's appropriate to blame Trump for all of the problems in America because he gleefully takes credit for everything that he thinks is positive."

I don't give him credit for everything good. I don't know anyone who does. I know lots of people, Pete included, who can't ever say anything good about him. That's the extremism I see, except for Sean Hannity I guess.

I'll let you carry on this argument all by yourself.

pete, every post i’ve seen from you here, can be summarized thusly...

Orange Man Bad.

we get it.
Posted from my iPhone/Mobile device

i’m sorry if you don’t like to hear it, but race isn’t the deciding factor, family is. White kids from poor, dysfunctional, single-parent homes struggle. while black kids from stable, loving , two-parent households, do just fine.

it’s not race.
Posted from my iPhone/Mobile device

Race isn't the only thing, but it does hit black kids harder across all socioeconomic strata than white kids.

A white kid from from a single mom family in the Projects is going to have a harder time than a black kid from a two parent stable household in suburbia.

Having grown up in two diametrically opposed places: One of 4 white kids in the Projects with a single mom and the stable family house in professional communities with the remarried dad (Army base overseas, all kids of all races that got along surprisingly well) I can compare both groups. No panacea but I lived it.

It's not hard to be left here ..your considered left .. if you don't kiss Trumps ring 24/7....
Posted from my iPhone/Mobile device

race matters, not nearly as
much as family. not even close. yet we never stop talking about race, and never talk about the benefits of encouraging family values which develop happy children.

that white kid in a single
family home in the projects will
struggle more than a black
kid i’m a two parent family in suburbia. He will also struggle more than a black kid with two
loving parents who lives next door to him in the same project.

sure, theres white privilege and wealth privilege. But i’ve seen it all, and none of them offers nearly as
much privilege, as love/stability/support privilege. i’m wrong on a lot of things, not on that. it’s not a panacea, but it’s close.
Posted from my iPhone/Mobile device

There you go, spinning off into another fiction. I didn't say that dead Russian journalists are acceptable. Nor did Trump. You're the one who inserted them into the discussion. But you somehow wanted to connect them to Trump (and now me?), other wise why did you bring them up?

Nor did I say that they could not question Trump. And you find another little niche to insert the notion floating around in the great manufactured cloud that Trump is a totalitarian like those lying labels describing him as fascist, Nazi, and now King. You never fail to throw in these horror zingers. And you're unequivocal about it. For you, they are all certainties. For you, this fabricated cloud of horror referred to as Trump is a solid reality.

I don't see Trump trampling the Constitution as much as past Presidents, if at all. His choice of judges beats what Hillary, or probably any Democrat would choose.

And I don't understand why you would oppose any political opinion about the Constitution since you believe that judges are not constrained by the original language of the Constitution, and that they can interpret those words, and the Constitution in general, in light of what they personally understand current conditions and realities to be. That is, judges can interpret the Constitution any way they want.

I guess the 10,000 plus lies are just Trump being confused and his misstatements aren't really lies, but how can that be, he has professed to be the smartest president of all time he can’t possibly be confused😂😂😂😂😂😂
Posted from my iPhone/Mobile device

I guess you actually researched and verified those 10, 000 and that they were actually lies. And none were repeats of the same "lie." And then you researched and found that no other politician told as many.
And I guess you just didn't merely repeat what you read or heard and accepted it as true. You are a very good man. And you wouldn't lie about it.

Just keep believing Trump has a clue about foreign policy, he obviously has a vast knowledge of political theory, like western style liberalism being obsolete in west coast cities.
Meanwhile the rest of the worlds leaders shook their heads and took note of his lack of understanding.
The stable genius is going to leave the poker table naked and you’ll be extolling the beauty of his wardrobe.
For the last 30+ years NK has said they will consider denuclearization and never have. Now maybe having Trump in love with him will make him agree to total denuclearization, Trump has already given him far more than any prior President and gotten zip for it. Maybe Kim is his type. Today’s Rodong Sinmun headlines extol the ability of their leader and his meeting with the President of the USA.
Posted from my iPhone/Mobile device

I prefer to call him Generalissimo Donnie Bonespurs the Fabulist and yes, he’s bad for America.
Posted from my iPhone/Mobile device

Clearly the greatest president of our lifetime
Posted from my iPhone/Mobile device

Again, you keep fighting little battles with me that don't exist. I have not said that he knows a great deal about foreign policy or political theory.

And then you go off into reveries of poker tables, nakedness, beautiful wardrobes (ooooooohhh, the emperor has no clothes, is this another sneaky metaphor to fortify the manufactured image of Trump as king, Nazi, fascist, dictator, destroyer of constitutions?), and of sexual innuendo--attraction to Kim (like the so-called Putin bromance and the fake characterization of Trump being aligned with, in love with, favorable to, our enemy dictators).

Perhaps I give you too much credit for constantly lying about Trump. Telling the massive, well-woven lies that you seem to do takes a certain amount of mental acuity.

But, it seems more that instead of telling potent lies, you are fighting with crazy mirages. Rather than a crafty liar, you remind me more of a Don Quixote--tilting at windmills. As in this passage from the novel:

Just then they came in sight of thirty or forty windmills that rise from that plain. And no sooner did Don Quixote see them that he said to his squire, "Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them. With their spoils we shall begin to be rich for this is a righteous war and the removal of so foul a brood from off the face of the earth is a service God will bless."

"What giants?" asked Sancho Panza.

"Those you see over there," replied his master, "with their long arms. Some of them have arms well nigh two leagues in length."

"Take care, sir," cried Sancho. "Those over there are not giants but windmills. Those things that seem to be their arms are sails which, when they are whirled around by the wind, turn the millstone."

Boy you are sure full of yourself, or wait I know what your full of😬
Posted from my iPhone/Mobile device

That you profess to "know" anything personal about me, which you don't, reveals what you consider "knowing" to be--as in your knowing that Trump has told 10,000 lies and no other politician has told as much.

At least the honest media is calling them lies now.
And then you have Fox
https://twitter.com/thedailyshow/sta...910327814?s=21
Posted from my iPhone/Mobile device

All 10,000? And do they say that no other politician has told 10,000 lies? This is another little lie by you. The lie of sliding from the parameter of 10,000 and no other politician into the less definitive parameter of "them lies," whatever that is--any shifty slant that gives the impression of truth to that which is not, nor can be, verified.

The Daily Show is "honest media"?

they are just yelling at the padded walls as this point :hs:

These will go down in history as 8 happy, hysterical years!
Posted from my iPhone/Mobile device

Many people say Donald Trump has lied more than 10,000 times. I mean a lot of people have told me that.
Here is a small sampling:
"The Obama administration was begging for a meeting" with Kim Jong Un.
California "admitted" there were "a million" illegal votes in the 2016 presidential election.
"There has never been, ever before, an administration that’s been so open and transparent."
The Russia investigation "was a coup. This was an attempted overthrow of the United States government."
"In the ‘old days’ if you were president and you had a good economy, you were basically immune from criticism."
"The noise (from windmills) causes cancer."
Says his father, Fred Trump, was "born in a very wonderful place in Germany."
When Congress sought documents from President Barack Obama, the White House "didn’t do anything. They didn’t give one letter of the request. Many requests were made. They didn’t give a letter."
Says former Sen. Harry Reid "got thrown out."
"The reason Russia was in Afghanistan was because terrorists were going into Russia."
Says troops recently received "one of the biggest pay raises" ever, and that it was the first pay increase in "more than 10 years."
Says 19,000 text messages exchanged between former FBI officials that were "purposely and illegally deleted ... would have explained (the special counsel investigation) hoax."
"If you buy, you know, a box of cereal, if you do anything, you have a voter ID. … The only thing you don’t is if you’re a voter of the United States."
"Democrats let him (cop killer Luis Bracamontes) into our country," and "Democrats let him stay."
Says a recent opioid bill that reached his desk had "very little Democrat support."
Saudi Arabia has ordered $450 billion, "$110 billion of which is a military order," producing "over a million jobs."
Says Democrats "want to give (undocumented immigrants) cars."
"Some of the Democrats have been talking about ending (coverage for) pre-existing conditions."
Sen. Kamala Harris is "supporting the animals of MS-13."
Says Wisconsin "hadn’t been won by a Republican since Dwight D. Eisenhower, in 1952. And I won Wisconsin. … Ronald Reagan, remember, Wisconsin was the state that Ronald Reagan did not win."

Mexico will pay for the wall
China pays tariffs
There has never been a president who passed more legislation
I came up with the expression Priming the Pump
Sorry losers and haters, but my I.Q. is one of the highest — and you all know it!,
I know words, I have the best words, Look, if I were a liberal Democrat, people would say I’m the super genius of all time. The super genius of all time,
We have a lot of smart people. I tell you what. One thing we’ve learned. We have, by far, the highest IQ of any cabinet ever,
In addition to winning the Electoral College in a landslide, I won the popular vote if you deduct the millions of people who voted illegally,
I would use the greatest minds. I know the best negotiators. I’m in New York — I know the good ones, the bad ones. I always say: ‘I know the ones people think are good.’ I know people you’ve never heard of that are better than all of them.”
“I’m the most militaristic person.
“Nobody in the history of this country has known so much about infrastructure as Donald Trump.”
With the exception of the late, great Abraham Lincoln, I can be more presidential than any president that’s ever held this office.
Throughout my life, my two greatest assets have been mental stability and being, like, really smart. Not smart, but genius.
“Just — and so — so I was successful, successful, successful. I was always the best athlete, people don’t know that. But I was successful at everything I ever did…”
I love the First Amendment. Nobody loves it better than me. Nobody. I mean, who uses it more than I do?
“I just realized the other day, they told me… when we won the state of Wisconsin, it hadn’t been won by a Republican since Dwight D. Eisenhower in 1952. Did you know that?”
“Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart.” Trump went on to assert that winning an election everyone was certain he’d lose proved: “I think that would qualify as not smart, but genius….and a very stable genius at that!”


The Daily Show is more honest than The Trump Tweets

With Donald at the helm and Ivanka and Jared handling foreign policy how can we loose🤮
Posted from my iPhone/Mobile device

so why aren’t we losing, h
Posted from my iPhone/Mobile device