It's the Economy Stoopid

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Unemployment claims back over 1 million a week, to 1.1 million.

While continuing claims dropped from 15.48 million to 14.8 million, beating the consensus of 15 million. More people are going back to work and the economy continues to grind towards normalcy. Silly lefties rooting for the worse.

That does not necessarily mean the people are going back to work. It could also be an indicator that they have exhausted their benefits and are no longer entitled to UIB.

UIB are paid for a year at a minimum in all states, so your theory is wrong.

clarification, most are 6 months with an automatic renewal for another 6 months. We are only 5 months into this shutdown.

That's not true in Maryland.

[Anonymous]

Trump is already history. He's incompetent, and will only continue to make mistakes between now and November. Things will not look better for him, only worse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tell you what = I will take the risk that the stock market might go down for the hope that we get a president who actually gives a fck about doing the job

This is the problem with Democrats. They don't care if the economy tanks, as long as they get power. Unfortunately for them, the rest of America does care about the economy, hence the title of this thread.

You are projecting. The economy has already tanked-- under Trump. You can blame Democrats all you want...but no one is buying it.

And it's already coming back, despite the virus being still here. Trump gave the governors responsibility for implementing safeguards in their states. If Democrats were doing things right, why do California, New York and New Jersey have some of the worst numbers?

All you Trumpers do is blame others. Vote however you want, mister. But your arguments are nonsensical to others.

Trump doesn't even take responsibility for his own dumps. He blames the EPA!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tell you what = I will take the risk that the stock market might go down for the hope that we get a president who actually gives a fck about doing the job

This is the problem with Democrats. They don't care if the economy tanks, as long as they get power. Unfortunately for them, the rest of America does care about the economy, hence the title of this thread.

You understand that the stock market does not actually represent the economy, right? You understand that many of us would accept the market going down for a bit more equality across the board. Nah, you don’t understand. You just really want to believe you have been right in supporting Donald Trump, even though you know in your heart he’s a terrible person, you’ve been able to convince yourself it’s all worth it for the stock market!

Well it’s not. He screwed the already shaky economy by not taking covid seriously, and here we are.

So sell your 401(k) and give your money to those who need it more. You don't speak for most Americans. We earned that money and invested wisely. Again, the fact that you would trade the stock market for a vague notion of "equality" demonstrates you have no idea about economics. A strong stock market means that companies are doing well, which in turn hire people to work, who in turn pay taxes. It's not hard.

Most Americans don’t have any investments in Wall Street, 401K or otherwise. They’re the majority, and they are suffering. The economy has been terrible for them. Trump has been great for Billionaires.

If you are employed, you are connected to the stock market in enumerable ways. For example, unions invest in the stock market to pay pensions. Trump presided over an economy that had the lowest unemployment rate in history, and notably the lowest one for blacks and latinos. Seems like they were benefiting pretty well from the Trump economy. They might be suffering now because of Covid-19, and you can try to blame that on Trump, but I have no doubt that the economy will come back after Covid-19. That said, if Biden wins and the economy comes back, you'll give him 100% of the credit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tell you what = I will take the risk that the stock market might go down for the hope that we get a president who actually gives a fck about doing the job

This is the problem with Democrats. They don't care if the economy tanks, as long as they get power. Unfortunately for them, the rest of America does care about the economy, hence the title of this thread.

You understand that the stock market does not actually represent the economy, right? You understand that many of us would accept the market going down for a bit more equality across the board. Nah, you don’t understand. You just really want to believe you have been right in supporting Donald Trump, even though you know in your heart he’s a terrible person, you’ve been able to convince yourself it’s all worth it for the stock market!

Well it’s not. He screwed the already shaky economy by not taking covid seriously, and here we are.

So sell your 401(k) and give your money to those who need it more. You don't speak for most Americans. We earned that money and invested wisely. Again, the fact that you would trade the stock market for a vague notion of "equality" demonstrates you have no idea about economics. A strong stock market means that companies are doing well, which in turn hire people to work, who in turn pay taxes. It's not hard.

Most Americans don’t have any investments in Wall Street, 401K or otherwise. They’re the majority, and they are suffering. The economy has been terrible for them. Trump has been great for Billionaires.

If you are employed, you are connected to the stock market in enumerable ways. For example, unions invest in the stock market to pay pensions. Trump presided over an economy that had the lowest unemployment rate in history, and notably the lowest one for blacks and latinos. Seems like they were benefiting pretty well from the Trump economy. They might be suffering now because of Covid-19, and you can try to blame that on Trump, but I have no doubt that the economy will come back after Covid-19. That said, if Biden wins and the economy comes back, you'll give him 100% of the credit.

Maybe look at that graph of when the economic recovery began (under Obama) and when it stopped (Trump). Trump was once again handed everything on a golden platter (sorry, that might sound like a Russian hooker joke to you, given Donald’s proclivities; it wasn’t intended to be one) and he poured it all in the shtter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tell you what = I will take the risk that the stock market might go down for the hope that we get a president who actually gives a fck about doing the job

This is the problem with Democrats. They don't care if the economy tanks, as long as they get power. Unfortunately for them, the rest of America does care about the economy, hence the title of this thread.

You understand that the stock market does not actually represent the economy, right? You understand that many of us would accept the market going down for a bit more equality across the board. Nah, you don’t understand. You just really want to believe you have been right in supporting Donald Trump, even though you know in your heart he’s a terrible person, you’ve been able to convince yourself it’s all worth it for the stock market!

Well it’s not. He screwed the already shaky economy by not taking covid seriously, and here we are.

So sell your 401(k) and give your money to those who need it more. You don't speak for most Americans. We earned that money and invested wisely. Again, the fact that you would trade the stock market for a vague notion of "equality" demonstrates you have no idea about economics. A strong stock market means that companies are doing well, which in turn hire people to work, who in turn pay taxes. It's not hard.

Most Americans don’t have any investments in Wall Street, 401K or otherwise. They’re the majority, and they are suffering. The economy has been terrible for them. Trump has been great for Billionaires.

If you are employed, you are connected to the stock market in enumerable ways. For example, unions invest in the stock market to pay pensions. Trump presided over an economy that had the lowest unemployment rate in history, and notably the lowest one for blacks and latinos. Seems like they were benefiting pretty well from the Trump economy. They might be suffering now because of Covid-19, and you can try to blame that on Trump, but I have no doubt that the economy will come back after Covid-19. That said, if Biden wins and the economy comes back, you'll give him 100% of the credit.

The economy will come back when coronavirus is gone. This is exactly why I'm voting for Biden. Trump had done NOTHING to stop the spread. He is a disgrace.

[Anonymous]

Another 1 million for for unemployment.

Great news on the day Trump is accepting the RNC nomination.

/s

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Using Jim Carvilles own words, its the economy that will determine who is elected. Up until March the Economy was humming, dropped like a rock and mostly recovered. First it was RUSSSIA, then IMPEACHMENT, China Virus and now Race. All of those are distractions and by November the Economy will be determining factor.

It is the economy.

We have almost 20 million unemployed.
We have a -6.5% GDP growth (ie contraction)
We have trillions in new debt and deficit spending out the wazoo.

Yes, the stock market is up from its lows, but the stock market doesn't equal the economy.

We have almost 20 million unemployed, because we ordered businesses to close and paid people to stay home.
We have a -6.5% GDP growth (ie contraction), because we ordered businesses to close and paid people to stay home.
We have trillions in new debt and deficit spending out the wazoo. because we ordered businesses to close and paid people to stay home.

Who was president when this all happened? Oh yeah Trump! You do realize businesses were closed due to a pandemic Right? And the response to the pandemic was mangled by Trump by first denying that it was a pandemic, then saying that we were going to go from five deaths 0 in just a few weeks , to not invoking the national defense act too quickly get all of the appropriate supplies for this particular disease and for healthcare workers, to include masks for every citizen , this was supposed to all happened when we initially closed the businesses in March. Due to trumps bungled, uninformed response, Six months later, we are still were unable to open businesses fully. This all falls on Trump’s shoulders my dear. Any other president would have used the time when businesses were first closed to ramp up, make sure that everybody has masks, tell people to be safe and careful and wear their masks, and then you can go out and about, business as usual. We did not have that response. He had he did everything to make sure that the pandemic worsened in our country and further division already existed in our country How the Republicans can say Democrats can be blamed for making the pandemic worse is beyond me. It’s just more lies and fake news from the Republicans. And you have eaten up hook line and sinker

[Anonymous]

Anonymous wrote:Another 1 million for for unemployment.

Great news on the day Trump is accepting the RNC nomination.

/s

Thanks to Pelosi and Democratic state and local leaders. Continuing the shutdown and not offering reasonable fiscal relief is the result.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another 1 million for for unemployment.

Great news on the day Trump is accepting the RNC nomination.

/s

Thanks to Pelosi and Democratic state and local leaders. Continuing the shutdown and not offering reasonable fiscal relief is the result.

Yawn. It’s always someone else’s fault with you Trumpsters, isn’t it?
To hear it being said, one would Trump was running against himself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tell you what = I will take the risk that the stock market might go down for the hope that we get a president who actually gives a fck about doing the job

This is the problem with Democrats. They don't care if the economy tanks, as long as they get power. Unfortunately for them, the rest of America does care about the economy, hence the title of this thread.

You understand that the stock market does not actually represent the economy, right? You understand that many of us would accept the market going down for a bit more equality across the board. Nah, you don’t understand. You just really want to believe you have been right in supporting Donald Trump, even though you know in your heart he’s a terrible person, you’ve been able to convince yourself it’s all worth it for the stock market!

Well it’s not. He screwed the already shaky economy by not taking covid seriously, and here we are.

So sell your 401(k) and give your money to those who need it more. You don't speak for most Americans. We earned that money and invested wisely. Again, the fact that you would trade the stock market for a vague notion of "equality" demonstrates you have no idea about economics. A strong stock market means that companies are doing well, which in turn hire people to work, who in turn pay taxes. It's not hard.

Most Americans don’t have any investments in Wall Street, 401K or otherwise. They’re the majority, and they are suffering. The economy has been terrible for them. Trump has been great for Billionaires.

If you are employed, you are connected to the stock market in enumerable ways. For example, unions invest in the stock market to pay pensions. Trump presided over an economy that had the lowest unemployment rate in history, and notably the lowest one for blacks and latinos. Seems like they were benefiting pretty well from the Trump economy. They might be suffering now because of Covid-19, and you can try to blame that on Trump, but I have no doubt that the economy will come back after Covid-19. That said, if Biden wins and the economy comes back, you'll give him 100% of the credit.

I'm in the 8-12%, and if I judiciously played covered calls and dividend stocks with my 401k I could make enough to live in a trailer park in SWVA or WV, although I'd be worried about health insurance and the such.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another 1 million for for unemployment.

Great news on the day Trump is accepting the RNC nomination.

/s

Thanks to Pelosi and Democratic state and local leaders. Continuing the shutdown and not offering reasonable fiscal relief is the result.

Nope, the dems passed a bill in May that is still collecting dust on McConnell's desk. That McConnell offered no alternative bill and wasn't willing to negotiate the House bill is on him and the GOP. Stop blaming the Dems for Washington not working. The House did its job.

[Anonymous]

Would the economy really have kept roaring along had there been nothing in the way of shutdowns, etc.?

Opentable shows restaurant reservations were going down 70-80% before the lockdowns went fully national. Travel and other things are still only at 30-40% of last year's levels.

[Anonymous]

And on cue, Fed Chair Powell adjusts Fed policy to pop the stock market, as if it isn't already way overvalued.

[Anonymous]

Anonymous wrote:And on cue, Fed Chair Powell adjusts Fed policy to pop the stock market, as if it isn't already way overvalued.

Powell is weak. Does whatever Trump demands.