Economy is roaring

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

Stop insisting the government create money out of thin air at a dizzying rate to pay for social programs. The problem is not that things are getting too expensive. The problem is endless socialism is devaluing the US dollar.

The social programs are such a small percentage of the money being spent (and most of it is on white lower class residents of red states) - most of the money is servicing the DoD and our debt. When the dems spend on education and infrastructure, the economic benefit is immediate and dramatic. When the GOP spends on tax cuts for the uber-wealthy, there is minimal economic impact. The Dow is doing well now because corporate profits are up, because workers wages are relatively flat and there are fewer regulations on clean air and water, and corporations pay zero in taxes.

Don't tell me it's small. 70% of the federal budget is transfer payments. That's not small by any stretch.

That is a BS number. 45% of the Budget is DoD and another 38% is servicing debt. The remaining 17% is split across all of the agencies, with food stamps, welfare etc a tiny sliver of the pie.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

Stop insisting the government create money out of thin air at a dizzying rate to pay for social programs. The problem is not that things are getting too expensive. The problem is endless socialism is devaluing the US dollar.

The social programs are such a small percentage of the money being spent (and most of it is on white lower class residents of red states) - most of the money is servicing the DoD and our debt. When the dems spend on education and infrastructure, the economic benefit is immediate and dramatic. When the GOP spends on tax cuts for the uber-wealthy, there is minimal economic impact. The Dow is doing well now because corporate profits are up, because workers wages are relatively flat and there are fewer regulations on clean air and water, and corporations pay zero in taxes.

Don't tell me it's small. 70% of the federal budget is transfer payments. That's not small by any stretch.

That is a BS number. 45% of the Budget is DoD and another 38% is servicing debt. The remaining 17% is split across all of the agencies, with food stamps, welfare etc a tiny sliver of the pie.

No, your numbers are BS. Mandatory spending accounts for 2.8 trillion of the budget. This is made up of the entitlement programs. That is 66% of the overall budget. The other 34%, 1.4 trillion, is discretionary spending, of which a little more than half of, is for defense spending.

https://www.thebalance.com/u-s-federal-budget-breakdown-3305789

[Anonymous]

Anonymous wrote:In November - 266,000 jobs added. Expected was 180,000

The unemployment rate remained steady during November, while the labor force participation also stayed even at 63.2 percent.

https://thehill.com/policy/finance/473327-november-jobs

What real liberals think

Bill Clinton’s Treasury Secretary, Lawrence Summers, admits that he never visited Rust Belt cities devastated by NAFTA. Displaced White workers “weren’t heavily on our radar screen,” he said, noting that the Democratic Party base is a “coalition of cosmopolitan elite and diversity.”

Summers’ “cosmopolitan elite” are highly educated, affluent people who travel the world, live in ethnically diverse cities, and are in constant global communication. For them, the benefits of globalization are myriad, and the downsides invisible. But for those whose idea of the good life is more slow-paced and parochial, global economic and communication networks are a threat to their livelihoods, their way of life, and their communities, which have been ravaged by foreclosures, offshoring, and automation.

https://www.yesmagazine.org/democracy/2019/12/16/book-politics-divide/

[Anonymous]

Anonymous wrote:

Anonymous wrote:In November - 266,000 jobs added. Expected was 180,000

The unemployment rate remained steady during November, while the labor force participation also stayed even at 63.2 percent.

https://thehill.com/policy/finance/473327-november-jobs

What real liberals think

Bill Clinton’s Treasury Secretary, Lawrence Summers, admits that he never visited Rust Belt cities devastated by NAFTA. Displaced White workers “weren’t heavily on our radar screen,” he said, noting that the Democratic Party base is a “coalition of cosmopolitan elite and diversity.”

Summers’ “cosmopolitan elite” are highly educated, affluent people who travel the world, live in ethnically diverse cities, and are in constant global communication. For them, the benefits of globalization are myriad, and the downsides invisible. But for those whose idea of the good life is more slow-paced and parochial, global economic and communication networks are a threat to their livelihoods, their way of life, and their communities, which have been ravaged by foreclosures, offshoring, and automation.

https://www.yesmagazine.org/democracy/2019/12/16/book-politics-divide/

And this is the dirty little secret that is not publicized. The Democratic party used to champion the blue collar working class people - white and non-white. They have written off that segment and focus on the group that Summers referred to. They also focus on minorities: namely blacks and Hispanics though that is usually when it is election time. The rest of the time they just pay lip service to the minorities.

Case in point: Obama promised comprehensive immigration reform when he was running for office and said it would be one of his first legislative initiatives. He could have done it easily when he had an almost filibuster proof majority in the senate after the 2008 election. We never heard a word about it until his second term when he did not have the legislative clout to get anything done.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Sadly, my 401K has not done that well. I listened to Paul Krugman who assured me that the stock market would decline 25% if Trump were elected. I have been in cash waiting for that decline. I am just glad that I did not go short the market in anticipation of that massive decline.

Krugman now says that the the economy and market performance are unrelated. BTW, are you Paul Krugman by any chance? If so, when should I move from cash into equities?

Cool story, bro. Sorry you didn't load up on stocks during the 2018 market correction. That's what Krugman and all the other smart people did because we realize that there's a ton of liquidity sloshing around and it's gotta go somewhere.

I was being facetious. No one in their right mind listens to the likes of Krugman - the guy has an agenda and that distorts his analysis. The fact that he spews out the garbage that he does is incredible. One of his pronouncements after Trump's election:

‘If the question is when markets will recover, a first-pass answer is never. Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis."

Krugman and his ilk make these sort of nonsensical comments and no one takes him to task and when someone does, he gets all offended and defensive. Like it or not the economy since Trump's election has done very well. One may argue as to how much was because of Trump's policies but it is foolhardy to argue that the economy is not doing well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Sadly, my 401K has not done that well. I listened to Paul Krugman who assured me that the stock market would decline 25% if Trump were elected. I have been in cash waiting for that decline. I am just glad that I did not go short the market in anticipation of that massive decline.

Krugman now says that the the economy and market performance are unrelated. BTW, are you Paul Krugman by any chance? If so, when should I move from cash into equities?

Cool story, bro. Sorry you didn't load up on stocks during the 2018 market correction. That's what Krugman and all the other smart people did because we realize that there's a ton of liquidity sloshing around and it's gotta go somewhere.

Financial analysts are worse that the weather folks. Couple months ago everyone was saying recession imminent. If you would have followed that advice you would be out at least 10% since then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In November - 266,000 jobs added. Expected was 180,000

The unemployment rate remained steady during November, while the labor force participation also stayed even at 63.2 percent.

https://thehill.com/policy/finance/473327-november-jobs

What real liberals think

Bill Clinton’s Treasury Secretary, Lawrence Summers, admits that he never visited Rust Belt cities devastated by NAFTA. Displaced White workers “weren’t heavily on our radar screen,” he said, noting that the Democratic Party base is a “coalition of cosmopolitan elite and diversity.”

Summers’ “cosmopolitan elite” are highly educated, affluent people who travel the world, live in ethnically diverse cities, and are in constant global communication. For them, the benefits of globalization are myriad, and the downsides invisible. But for those whose idea of the good life is more slow-paced and parochial, global economic and communication networks are a threat to their livelihoods, their way of life, and their communities, which have been ravaged by foreclosures, offshoring, and automation.

https://www.yesmagazine.org/democracy/2019/12/16/book-politics-divide/

And this is the dirty little secret that is not publicized. The Democratic party used to champion the blue collar working class people - white and non-white. They have written off that segment and focus on the group that Summers referred to. They also focus on minorities: namely blacks and Hispanics though that is usually when it is election time. The rest of the time they just pay lip service to the minorities.

Case in point: Obama promised comprehensive immigration reform when he was running for office and said it would be one of his first legislative initiatives. He could have done it easily when he had an almost filibuster proof majority in the senate after the 2008 election. We never heard a word about it until his second term when he did not have the legislative clout to get anything done.

eh Obamacare helped a ton of poor whites so really he picked rural whites over mostly Hispanic immigrants.

[Anonymous]

Golly gee. So democrats aren’t really helping minorities!?!?
Well then I guess they should all go vote for Trump. /s

[Anonymous]

Anonymous wrote:Golly gee. So democrats aren’t really helping minorities!?!?
Well then I guess they should all go vote for Trump. /s

They are all for helping minorities as long as it does not impact the lifestyle of the elite who are the power base of the Democrats.

Obama ran as a change agent and then essentially co-opted the Goldman Sachs elite to run his economic policy - GWB did not run as a change agent and he also co-opted Goldman Sachs senior management to run his economic policy.

Why do you think that Sanders and Warren are anathema to the Democratic establishment - especially Sanders? They are not beholden to the Wall Street crowd and that upsets the established order.

[Anonymous]

Anonymous wrote:Golly gee. So democrats aren’t really helping minorities!?!?
Well then I guess they should all go vote for Trump. /s

Minorities have a role to play ...... but within the confines of the established Democratic power structure:

https://www.politico.com/news/2019/12/17/2020-diversity-black-candidates-086394

[Anonymous]

Sentiment for small businesses now up:

https://www.bloomberg.com/news/articles/2019-11-12/optimism-among-u-s-small-businesses-improves-from-six-month-low

Economy roaring

[Anonymous]

Oh my God the lie machine of GOP is so pathetic.

[Anonymous]

All of the indications are that the economy will do well in 2020.

https://www.washingtonpost.com/business/2019/12/15/us-economy-shakes-free-recession-fears-striking-turnaround-since-august/[url]

If this holds true and barring any other negative event, Trump is set to coast to reelection!

[Anonymous]

https://finance.yahoo.com/news/cost-of-tariffs-trade-war-162712258.html

Since the trade war commenced in February 2018, Americans have paid an additional $42 billion, according to a new analysis from Tariffs Hurt the Heartland (THH). And just in October 2019, the trade war cost Americans $7.2 billion through tariffs, which is a $1 billion increase from October 2018.

[Anonymous]

Anonymous wrote:All of the indications are that the economy will do well in 2020.

https://www.washingtonpost.com/business/2019/12/15/us-economy-shakes-free-recession-fears-striking-turnaround-since-august/[url]

If this holds true and barring any other negative event, Trump is set to coast to reelection!

More Supreme Court picks

All because the liberal elites want to screw the middle class and import millions of cheap workers