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Economy is roaring
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Anonymous
There are always going to be poor people. The goal is to minimize the number of them, which is what's happening in this economy. |
Anonymous
| If the economy is great, how irresponsible is it to run a trillion dollar federal budget deficit? Now would be the time to collect enough taxes to pay for federal spending. |
Anonymous
| The economy looks ok but it’s underpinnings are bad. Interest rates are being kept so low we will have few if any tools to help get out of the next recession. The debt is ballooning and taxes are low. When we get into trouble we are screwed because Trump is using get out of recession strategies to boost the economy to help him get re-elected. It is honestly scary. |
Anonymous
| The Trump supporters simply aren't willing to see what is behind the curtain. It is really sad how people seem to no longer care about most of the metrics that signal a strong economy that isn't being goosed by significant deficit spending that doesn't invest in our country. |
Anonymous
If we want to look at interest rates, let's look honestly at what the fed has done. Under Obama, interest rates were cut 7 times and increased only twice - once after the election of Trump. Under Trump, interest rates were increased 7 times and decreased 3 times - most experts agree that the cuts were necessary. https://www.federalreserve.gov/monetarypolicy/openmarket.htm And, if you know anything about economics, you would understand that the lowered taxes are very much part of the reason for the booming economy. And, despite the fact that taxes were lowered for individuals and businesses, the govt. has taken in MORE revenue. So, the problem isn't taxes. It's spending. The improvement in our economy isn't an accident. It is a result of specific actions taken by Trump. |
Anonymous
+1 They are either stupid or delusional. |
Anonymous
Obama increased the national debt by $10 trillion in 8 years. A couple of years were because of the financial crisis but for most of his two terms it was unbridled spending plus anemic growth in the economy. I did not vote for Trump but give credit where credit is due: tax cuts and deregulation were the reasons for the growth we have seen since Trump became president. Despite the tax cuts, we still have higher tax revenues but we continue with the unbridled spending we had during the Obama years. I am fearful of the insane suggestions by some of the Democratic candidates but if we end up nominating a left wing loon, I'll hold my nose and vote for Trump in November. |
Anonymous
You can't stand the fact people have jobs and money. It's going to be very difficult for the Democrats on the issue of the economy. At the end of the day Joe Schmo care about whether they have a job to put food on their table and their 401k. Hate to break the news to you, but we are basically at all time lows for unemployment and the s and p 500 is over 3000. Dems are screwed when it comes to the economy. |
Anonymous
But cons are refusing to acknowledge they exist. And that almost 12% of the population lives below the poverty line, which is set at a ridiculously low metric. How many more live just above it? How many people are working multiple jobs just to squeak by? Especially with wages remaining stagnant. Go look at the Humans of New York Facebook page and read the current post where a 60-something year old woman describes how she struggles working 3 jobs. (I know someone on this thread derided the notion that anyone was working three jobs). She, like many Americans, has no savings. So the stock market means nothing to her. People like her can never retire. Meanwhile the GOP is determined to remove safety nets and throw millions of Americans off health insurance rolls. It’s almost as if they don’t give a damn about the people at the bottom of the economic scale. L |
Anonymous
Get it into your skull that most Joe Schmoes don’t have 401ks. And most people no longer have pensions. And where is the will to put SS back on sure footing now that the economy is so hot? Also why do cons never quote the poverty rate? |
Anonymous
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We wouldn't have had the housing crisis in the first place if democrats hadn't demanded that "Everyone DESERVES a house".
You deserve what you earn, not what you want. |
Anonymous
I believe the meltdown had something to do with encouraging spending after 9/11. Also lack of regulation of the rating agencies like Moody's, etc. The crisis happened after 8 years of "W" as you might recall. I believe he was/is a Republican. The housing run up in the DC area happened under "W" if you were around to experience it. I know someone who lost a house and it was not their first house, but an "investment". Watch "The Big Short". Many people who were caught were buying houses for investment and not to live in. |
Anonymous
Get it through your stupid thick skull that the majority of Americans DO actually have vested interest in the stock market. Try posting cited facts next time instead of made up BS you may have heard in MSNBC. At least half of all households have investments in stocks according to this 2017 paper: https://www.nber.org/papers/w24085 In another fairly recent poll, over half of of responders stated they own stocks https://news.gallup.com/poll/211052/stock-ownership-down-among-older-higher-income.aspx The percentage of employers offering 401k or other retirement plans even as 2014 was at 79% https://www.usatoday.com/story/money/personalfinance/2014/11/01/cheat-sheet-best-ways-improve-401ks/18179071/ If there are people who don't own a 401k or some type of retirement account, it is likely due to their own negligence and terrible personal responsibility at this point when the vast majority of employers offer such plans. You can also open up one yourself. But regardless of this aside to address your asinine comment, the majority of Americans do have vested interest the market whether to they know it or not. SS? That is a horribly inefficient money suck that is going bankrupt. The performance of the market and the economy overall spells big trouble for the Democrats whether you want to hear it or not. Besides the market performance, unemployment numbers are at historic lows. Incomes are increasing. The US economy hasn't been like this since the Golden Era post WW2. |
Anonymous
Can someone tell me why the ADP numbers don't match the govt numbers in the least little bit? yeah, basically. Other than the GM people returning to work, where do the big numbers come from? Cos that was just 48k people going back. Still 150k jobs out the blue? |
Anonymous
| Saddling our kids with unsustainable debt for short-term economic gain. MAGA! |