Economy is roaring

[Anonymous]

https://www.cnn.com/2019/12/20/business/us-steel-mill-closing/index.html

Poor, Trump. Just when he was in Battle Creek mentioning how "good" steel was, and this happens. Looks like Trump's steel tariffs are as ineffective as he is.

[Anonymous]

Record highs in all the major indexes including a close of well over 9000 in the Nasdaq.

Let's give credit to Obama for the economy and the stock market!

[Anonymous]

Trump stock market rally is far outpacing past US presidents

And this is what happens when we have a president who with his economic team actually know how to keep an economy healthy!

Yes, yes, presidents don't deserve any credit for a good economy .......... except when it is a Democratic president. And, of course, the stock market going up has nothing to do with the economy ...... except when Bill Clinton and Obama were in the Oval office!


- The S&P 500 has returned more than 50% since President Trump was elected, more than double the average market return of presidents three years into their term,
according to Bespoke Investment Group.

- Historically, years three and four garner the highest market returns for U.S. presidents.

- The S&P will have to gain about 6% in 2020 to beat the average presidential return.

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

[Anonymous]

Anonymous wrote:Trump stock market rally is far outpacing past US presidents

And this is what happens when we have a president who with his economic team actually know how to keep an economy healthy!

Yes, yes, presidents don't deserve any credit for a good economy .......... except when it is a Democratic president. And, of course, the stock market going up has nothing to do with the economy ...... except when Bill Clinton and Obama were in the Oval office!


- The S&P 500 has returned more than 50% since President Trump was elected, more than double the average market return of presidents three years into their term,
according to Bespoke Investment Group.

- Historically, years three and four garner the highest market returns for U.S. presidents.

- The S&P will have to gain about 6% in 2020 to beat the average presidential return.

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

There will be zero to no coverage that highlights this in the media, I’ll bet. I’d like to see some articles about this in the WaPo and NYT. Highly unlikely.

[Anonymous]

If it's so damn good then why are so many middle/low income families working two to three jobs?

[Anonymous]

Anonymous wrote:If it's so damn good then why are so many middle/low income families working two to three jobs?

Stop parroting this stupid Democrat 'retort' with no proof. The number of people who work multiple jobs has steadily declined since the 90s. This chart is from the BLS:

https://www.bls.gov/opub/ted/2018/4-point-9-percent-of-workers-held-more-than-one-job-at-the-same-time-in-2017.htm

That stops at 2017, but you can find the monthly stats too for Nov. 2019:

https://www.bls.gov/web/empsit/cpseea39.htm


The rate has held steady below 6% all throughout Trump's presidency. And it is a very small percentage of people over 16 who are working multiple jobs. So this idea that there are 'big', 'massive', or 'lots of' peole/families working multiple jobs to try to make ends meet is ridiculously blown out of proportion. The number of people working multiple jobs right now is similar to some years as under Obama. And there will always be a small percentage of people who need to do multiple low income jobs because there are people who have low education, no skills, and made poor choices in life.

Sorry, but the economy is outstanding right now and it'll spell big trouble for the Democrats. Record low unemployment, near record low rates of inflation, record highs for the DOW and S and P 500, consumer and manufacturer sentiment is going up, Americans are seeing house hold incomes increasing for the first time in many years, and it is expected to get even better in 2020.

[Anonymous]

Correlation is not causation

[Anonymous]

Anonymous wrote:Correlation is not causation

Not all the time but it's a good place to start and certainly is causation most of the time.

[Anonymous]

Visiting family in midwest and there are still signs of people struggling - small businesses closed down, houses sitting on market for a year, many houses and yards in need of maintenance. One relative lost IT job last spring after 20 years and hasn’t managed to find another, too many places are outsourcing IT (that’s why he lost job in first place, all the IT staff were let go). Another relative has been out of job for a while too. A friend’s brother is both jobless and without insurance.

So it’s not all champagne and caviar out here in flyover land and you’re a dumb politician who ignores it.

[Anonymous]

Anonymous wrote:Visiting family in midwest and there are still signs of people struggling - small businesses closed down, houses sitting on market for a year, many houses and yards in need of maintenance. One relative lost IT job last spring after 20 years and hasn’t managed to find another, too many places are outsourcing IT (that’s why he lost job in first place, all the IT staff were let go). Another relative has been out of job for a while too. A friend’s brother is both jobless and without insurance.

So it’s not all champagne and caviar out here in flyover land and you’re a dumb politician who ignores it.

It's going to be PBR and saltines if a Dem is elected.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Visiting family in midwest and there are still signs of people struggling - small businesses closed down, houses sitting on market for a year, many houses and yards in need of maintenance. One relative lost IT job last spring after 20 years and hasn’t managed to find another, too many places are outsourcing IT (that’s why he lost job in first place, all the IT staff were let go). Another relative has been out of job for a while too. A friend’s brother is both jobless and without insurance.

So it’s not all champagne and caviar out here in flyover land and you’re a dumb politician who ignores it.

It's going to be PBR and saltines if a Dem is elected.

Nothing wrong with that, unless you're an elitist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump stock market rally is far outpacing past US presidents

And this is what happens when we have a president who with his economic team actually know how to keep an economy healthy!

Yes, yes, presidents don't deserve any credit for a good economy .......... except when it is a Democratic president. And, of course, the stock market going up has nothing to do with the economy ...... except when Bill Clinton and Obama were in the Oval office!


- The S&P 500 has returned more than 50% since President Trump was elected, more than double the average market return of presidents three years into their term,
according to Bespoke Investment Group.

- Historically, years three and four garner the highest market returns for U.S. presidents.

- The S&P will have to gain about 6% in 2020 to beat the average presidential return.

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

There will be zero to no coverage that highlights this in the media, I’ll bet. I’d like to see some articles about this in the WaPo and NYT. Highly unlikely.

Stop sounding like a victim. Of course it's been reported. The challenge is that most Trumpsters don't understand that the stock market has nothing to do with people's lives and their financial livelihood. Of course the stock market is great. Companies got a huge tax cut and didn't pass it on to anyone, including their employees!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trump stock market rally is far outpacing past US presidents

And this is what happens when we have a president who with his economic team actually know how to keep an economy healthy!

Yes, yes, presidents don't deserve any credit for a good economy .......... except when it is a Democratic president. And, of course, the stock market going up has nothing to do with the economy ...... except when Bill Clinton and Obama were in the Oval office!


- The S&P 500 has returned more than 50% since President Trump was elected, more than double the average market return of presidents three years into their term,
according to Bespoke Investment Group.

- Historically, years three and four garner the highest market returns for U.S. presidents.

- The S&P will have to gain about 6% in 2020 to beat the average presidential return.

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

There will be zero to no coverage that highlights this in the media, I’ll bet. I’d like to see some articles about this in the WaPo and NYT. Highly unlikely.

Stop sounding like a victim. Of course it's been reported. The challenge is that most Trumpsters don't understand that the stock market has nothing to do with people's lives and their financial livelihood. Of course the stock market is great. Companies got a huge tax cut and didn't pass it on to anyone, including their employees!

Lots of indicators of a positive economic climate apart from the stock market which, btw, about 55% of Americans have an interest either directly or indirectly.

What Democrats need to do is to learn what aspects of the Trump approach to the economy has produced these results and try and structure it to help the constituencies that have been left out or not fully benefited from the great economy we have experienced.

Hint: the answer is not higher taxes and more regulation.

It is idiotic to keep harping about how the economy has not seen sustained improvement. For the first couple of years the Democratic line was that it was a continuation of the Obama economy. Now it is that the economy is really not as good as it appears.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Visiting family in midwest and there are still signs of people struggling - small businesses closed down, houses sitting on market for a year, many houses and yards in need of maintenance. One relative lost IT job last spring after 20 years and hasn’t managed to find another, too many places are outsourcing IT (that’s why he lost job in first place, all the IT staff were let go). Another relative has been out of job for a while too. A friend’s brother is both jobless and without insurance.

So it’s not all champagne and caviar out here in flyover land and you’re a dumb politician who ignores it.

It's going to be PBR and saltines if a Dem is elected.

Yeah that’s a real winner of a slogan- don’t vote for the other candidate, he’ll make it worse. Not that I’ll improve it.

[Anonymous]

Anonymous wrote:
Stop sounding like a victim. Of course it's been reported. The challenge is that most Trumpsters don't understand that the stock market has nothing to do with people's lives and their financial livelihood. Of course the stock market is great. Companies got a huge tax cut and didn't pass it on to anyone, including their employees!

You are completely delusional. The stock market has a TON to do with people's lives and financial well being. My parents are retired and still have a portion of their 401k invested in equities. How the stock market moves affects how much money they have in their accounts. Tons and tons of public workers have their pensions funded through investments in the market. States, cities, towns and municipalities all invest in the stock market, and how the market moves can dramatically affect budgets for spending on public services. Only an absolute idiot would claim that the stock market doesn't affect your average person.