Economy is roaring

[Anonymous]

Anonymous wrote:

Anonymous wrote:Almost half of American workers are in low wage jobs that pay a median of $18000 salary.

https://www.cbsnews.com/news/minimum-wage-2019-almost-half-of-all-americans-work-in-low-wage-jobs/?fbclid=IwAR1MVd-bllvEzNzKCRlMW-kdaTpjvHjSyWqAgUCObZc0Wljjp7GDH3m29o0

and dems want us to import MORE low skilled workers.

in the land of dems, economic laws of supply and demand do not apply.

Only Trump is allowed to hire the undocumented. According to his practices anyway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In the last decade the wealthiest have gotten wealthier but the retirement savings for middle class and poor have remained flat or fallen.

Note that Republicans stymied Obama's plan to get more people into retirement accounts.

https://www.nytimes.com/2019/12/14/business/retirement-social-security-recession.html?searchResultPosition=1

Despite the gains made in employment, wage growth has only recently begun to recover — and remained flat for older workers. Retirement wealth has accumulated almost exclusively among higher-income households, while middle- and lower-income households have only held steady or lost ground, Federal Reserve data shows.

Trends in Social Security and Medicare also are troubling. The value of Social Security benefits — measured by the share of pre-retirement income they replace — is falling, and the cost of Medicare is rising.

The model shows that the highest-income households have seen their odds of a successful retirement improve sharply during this decade, and have very high odds of success. Middle-income households, meanwhile, have seen some gains, but still have only 50-50 odds of success. And the lowest-income households have seen their retirement prospects diminish sharply — among these boomers approaching retirement, their odds of success have fallen during the decade from 26 percent to 11 percent.

But the recovery has seen retirement wealth accumulate almost exclusively among affluent households that had access to workplace retirement plans and the means to make contributions. For example, Vanguard reports that the average balance for plan participants with incomes over $150,000 in 2018 was $193,130, compared with just $22,679 for workers with income of $30,000 to $50,000.

Just 52 percent of American households owned retirement accounts in 2016, according to Federal Reserve data, not much changed from 2010, when that figure stood at 50 percent. Racial gaps in account ownership are especially pronounced — 58 percent of white households owned retirement accounts in 2016, compared with just 33.6 percent of black households and 27.8 percent of Latino households.

Federal efforts to expand the availability of retirement accounts foundered during the decade. During the Obama administration, Congress refused to enact a system of mandatory auto-enroll I.R.A.s that President Barack Obama had proposed for workers lacking access to workplace plans; since then, 10 states have enacted similar plans of their own and several have launched.

The gubmint can't fill potholes, but we should have them setting up retirement accounts while social security, Medicare and government pensions are about to tip over. They can't set up a secure health insurance website with 600 Million dollars and three years head start and the idiotic HHS budget is skyrocketing YOY.

No, keep the gubmint as far away from us as possible. A random number generator would have better outcomes than Washington DC.

"The more the plans fail, the more the planners plan" - Ronald Reagan (who was a Democratt before switching to be Republican because as he stated, the democrat party left me)

ya, sure let's trust facebook and google to do this for us. unelected plutarchs. that will go well. You just want to live like undocumented agricultural workers who are forced to buy from the company store. what a life! effective slavery for all!

[Anonymous]

Anonymous wrote:
The gubmint can't fill potholes, but we should have them setting up retirement accounts while social security, Medicare and government pensions are about to tip over. They can't set up a secure health insurance website with 600 Million dollars and three years head start and the idiotic HHS budget is skyrocketing YOY.

No, keep the gubmint as far away from us as possible. A random number generator would have better outcomes than Washington DC.

"The more the plans fail, the more the planners plan" - Ronald Reagan (who was a Democratt before switching to be Republican because as he stated, the democrat party left me)

I am old enough to remember when Al Gore suggested putting the social security funds into a lockbox apart from the general budget. Bush won the election, he and the GOP congress raided the funds; so when you complain about the 'gubmint' being incompetant, let's put the blame where it belongs. The GOP has been trying to dismantle FDR programs for decades rather than run a competent social safety net for the citizenry.

You can talk all you want about how bad these programs are, but prior to social security, the elderly would simply die at younger ages because they didn't resources and were forced to work to their last days. Personally, I like the idea of easing older workers out of the workforce, opening jobs for younger workers and lower starting costs. Personal responsibility would suggest these people should have saved on their own. Social Security is government sponsored savings of their own money.

[Anonymous]

For all the people saying, ya but the economy is great, this is for you: https://twitter.com/Jwheels208/status/1203541528553017344

[Anonymous]

Anonymous wrote:For all the people saying, ya but the economy is great, this is for you: https://twitter.com/Jwheels208/status/1203541528553017344

Balderdash!

Donnie Deutsch himself is one of those privileged white people he is talking about. The guy was a friend of Trump before he became president.

Is there racism? You bet there is ...... like there has been for decades. Are things better for minorities today than it was a couple of decades ago? Yes, it is. Just look at the senior executive positions that minorities have achieved in major companies. Google and Microsoft CEOs are Indian-American for example. Merck's CEO is an African American and there are a dozen others I can name. Heck we elected an African-American as president two times, in the past ten years or so.

Yes, what matters is a growing economy and it causes all boats to rise ....... and Trump with his policies has been the catalyst for this growth with the policies that he has espoused. Do we have income inequality? We sure do and it is something that we have had to an increasing degree ever since we introduced policies on trade that encourage the out sourcing of jobs - the sort of jobs that used to pay the blue collar worker decent wages.

Some of the phoniest people you can find are liberal whites. They will send their children to private schools or move to homes that have great school districts and yet those very people who they claim to champion - usually blacks and Hispanics - continue to have to get their education in sub-standard schools. If the schools in the area where they live are not up to par, they will put their children in private schools. I know this because I associate and socialize with them.

And the party of diversity has as its front runners three white people in their seventies and one white person in his thirties who is the mayor of a small town as his main experience in public service! And yet, minority candidates with better credentials can't even get on the debate stage. Yes, it is because they are not polling at the threshold for qualifying but why is that? It is because Democratic voters have chosen to support the white fossils who did qualify plus the one in his thirties.

I have voted for Democrats most of my life but the Democratic party of today is not the party that used to take care of the blue collar, working class of this country. Is it any surprise that we have two multi-billionaires seeking the nomination and actually polling well - at least better than the likes of Booker and Castro.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For all the people saying, ya but the economy is great, this is for you: https://twitter.com/Jwheels208/status/1203541528553017344

Balderdash!

Donnie Deutsch himself is one of those privileged white people he is talking about. The guy was a friend of Trump before he became president.

Is there racism? You bet there is ...... like there has been for decades. Are things better for minorities today than it was a couple of decades ago? Yes, it is. Just look at the senior executive positions that minorities have achieved in major companies. Google and Microsoft CEOs are Indian-American for example. Merck's CEO is an African American and there are a dozen others I can name. Heck we elected an African-American as president two times, in the past ten years or so.

Yes, what matters is a growing economy and it causes all boats to rise ....... and Trump with his policies has been the catalyst for this growth with the policies that he has espoused. Do we have income inequality? We sure do and it is something that we have had to an increasing degree ever since we introduced policies on trade that encourage the out sourcing of jobs - the sort of jobs that used to pay the blue collar worker decent wages.

Some of the phoniest people you can find are liberal whites. They will send their children to private schools or move to homes that have great school districts and yet those very people who they claim to champion - usually blacks and Hispanics - continue to have to get their education in sub-standard schools. If the schools in the area where they live are not up to par, they will put their children in private schools. I know this because I associate and socialize with them.

And the party of diversity has as its front runners three white people in their seventies and one white person in his thirties who is the mayor of a small town as his main experience in public service! And yet, minority candidates with better credentials can't even get on the debate stage. Yes, it is because they are not polling at the threshold for qualifying but why is that? It is because Democratic voters have chosen to support the white fossils who did qualify plus the one in his thirties.

I have voted for Democrats most of my life but the Democratic party of today is not the party that used to take care of the blue collar, working class of this country. Is it any surprise that we have two multi-billionaires seeking the nomination and actually polling well - at least better than the likes of Booker and Castro.

OMG, how have Trump's policies been a catalyst for growth? Look at the 10 year charts for the stock market, for unemployment and just about every metric. Trump has NOTHING to do with it. We just get the racism and mysogony as a bonus.

[Anonymous]

Another great day in the market!

An economy that is firing on all cylinders is the engine for this stock market boom. Do voters really want to risk handing the reins to Democrats who will undo all that has been achieved?

[Anonymous]

Anonymous wrote:

Anonymous wrote:In the last decade the wealthiest have gotten wealthier but the retirement savings for middle class and poor have remained flat or fallen.

Note that Republicans stymied Obama's plan to get more people into retirement accounts.

https://www.nytimes.com/2019/12/14/business/retirement-social-security-recession.html?searchResultPosition=1

Despite the gains made in employment, wage growth has only recently begun to recover — and remained flat for older workers. Retirement wealth has accumulated almost exclusively among higher-income households, while middle- and lower-income households have only held steady or lost ground, Federal Reserve data shows.

Trends in Social Security and Medicare also are troubling. The value of Social Security benefits — measured by the share of pre-retirement income they replace — is falling, and the cost of Medicare is rising.

The model shows that the highest-income households have seen their odds of a successful retirement improve sharply during this decade, and have very high odds of success. Middle-income households, meanwhile, have seen some gains, but still have only 50-50 odds of success. And the lowest-income households have seen their retirement prospects diminish sharply — among these boomers approaching retirement, their odds of success have fallen during the decade from 26 percent to 11 percent.

But the recovery has seen retirement wealth accumulate almost exclusively among affluent households that had access to workplace retirement plans and the means to make contributions. For example, Vanguard reports that the average balance for plan participants with incomes over $150,000 in 2018 was $193,130, compared with just $22,679 for workers with income of $30,000 to $50,000.

Just 52 percent of American households owned retirement accounts in 2016, according to Federal Reserve data, not much changed from 2010, when that figure stood at 50 percent. Racial gaps in account ownership are especially pronounced — 58 percent of white households owned retirement accounts in 2016, compared with just 33.6 percent of black households and 27.8 percent of Latino households.

Federal efforts to expand the availability of retirement accounts foundered during the decade. During the Obama administration, Congress refused to enact a system of mandatory auto-enroll I.R.A.s that President Barack Obama had proposed for workers lacking access to workplace plans; since then, 10 states have enacted similar plans of their own and several have launched.

The gubmint can't fill potholes, but we should have them setting up retirement accounts while social security, Medicare and government pensions are about to tip over. They can't set up a secure health insurance website with 600 Million dollars and three years head start and the idiotic HHS budget is skyrocketing YOY.

No, keep the gubmint as far away from us as possible. A random number generator would have better outcomes than Washington DC.

"The more the plans fail, the more the planners plan" - Ronald Reagan (who was a Democratt before switching to be Republican because as he stated, the democrat party left me)

It's spelled government. And Democratic Party.

Also feds don't do potholes That's a local issue. Sorry your civics classes were so bad.

[Anonymous]

The economy is definitely not roaring in the Great Lakes states, and Pennsylvania, where Trump secured his victory.

https://www.nytimes.com/interactive/2019/12/16/business/trump-midwest-swing-jobs.html

If anything, some of slowdown in manufacturing jobs can be directly attributed to Trump and his foolish trade war.

[Anonymous]

Trump is going to have a very hard time in PA, which he won by 44,292 votes.

1. Some Trump voters have died.
2. Some young people have come of each. Few will vote for Trump.
3. The economy is not roaring.
4. Trump's performance as a President and human being have been very poor, and he is not popular.

[Anonymous]

*come of age

[Anonymous]

Sure, economy is roaring for minimal wage and people who work live on the streets.
https://www.youtube.com/watch?v=JHDkALRz5Rk

[Anonymous]

Anonymous wrote:Another great day in the market!

An economy that is firing on all cylinders is the engine for this stock market boom. Do voters really want to risk handing the reins to Democrats who will undo all that has been achieved?

Heck no!

[Anonymous]

Yesterday, we reached a milestone: the DJIA reached an intraday high of 28337. On election day in 2016 the DJIA closed at 18332.

The DJIA has risen 10,000 points since election day! Yes, 10,000 points in just over 3 years since Trump was elected!

Now, this is stunning and reflects the strong economy that we have had as a result of business friendly policies that Trump and the Republicans fostered. I won't repeat the economic improvement statistics, consumer confidence numbers, some of the lowest employment numbers for minorities, etc.

Results matter and it is this reality that will likely ensure Trump's reelection in November 2020.

[Anonymous]

Anonymous wrote:Yesterday, we reached a milestone: the DJIA reached an intraday high of 28337. On election day in 2016 the DJIA closed at 18332.

The DJIA has risen 10,000 points since election day! Yes, 10,000 points in just over 3 years since Trump was elected!

Now, this is stunning and reflects the strong economy that we have had as a result of business friendly policies that Trump and the Republicans fostered. I won't repeat the economic improvement statistics, consumer confidence numbers, some of the lowest employment numbers for minorities, etc.

Results matter and it is this reality that will likely ensure Trump's reelection in November 2020.

For the bajillionth time, the DOW is a reflection of the profits of the companies, not the state of the economy. The companies are more profitable because they can pay workers less, pollute more and don't pay taxes. That is not a reflection of a healthy economy, but congrats on your 401k.