Economy is roaring

[Anonymous]

Anonymous wrote:

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.

In 2016, 51.3% of people owned stock directly or indirectly https://www.federalreserve.gov/publications/files/scf17.pdf

so you both are wrong. And its not that hard to look it up.

[Anonymous]

Anonymous wrote:

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.

Of course, what you are saying is true! This is the latest talking point of Democrats that most Americans get no benefit from the stock market ........... and that market performance is unrelated to the economy. And that the economy is not benefiting most Americans or helping them only marginally.

What do you think they would be saying if we had a Democratic president and the same performance in the economy and the stock market?

[Anonymous]

Who is benefiting from this phenomenal economy?

Wages for nonsupervisory employees — who make up 82% of the workforce — are rising at the fastest rate in more than a decade, the Wall Street Journal reports.

Why it matters: It indicates that the benefits of a tightening labor market and a time of historically low unemployment rates are finally being passed along to most workers.

The big picture: Workers at the bottom of the pay scale have been feeling positive effects on their wages at the end of 2019 — especially when compared to those at the top.

https://www.axios.com/wage-increases-workers-2019-high-low-skill-5208fb9f-20c2-486a-b572-fc20737546f3.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Of course, what you are saying is true! This is the latest talking point of Democrats that most Americans get no benefit from the stock market ........... and that market performance is unrelated to the economy. And that the economy is not benefiting most Americans or helping them only marginally.

What do you think they would be saying if we had a Democratic president and the same performance in the economy and the stock market?

Both parties play this game. Taking credit they don’t deserve. No big surprise.

[Anonymous]

Anonymous wrote:

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.

Limit the supply of workers and wages will rise. Common sense to anyone except an immigration loving dem elite

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Limit the supply of workers and wages will rise. Common sense to anyone except an immigration loving dem elite

this is actually due to the many new higher minimum wage laws. but let's not let the truth interfer with your fantasy

[Anonymous]

Not roaring for farmers. Dems need to start outreach to families like in this article. Trump certainly isn’t going to.

https://www.washingtonpost.com/national/in-trump-country-a-season-of-need-on-family-farms/2019/12/26/fcb71262-2377-11ea-86f3-3b5019d451db_story.html

[Anonymous]

Medical bills still threatening financial well-being of Americans.

https://www.nytimes.com/2019/12/27/upshot/expensive-health-care-world-comparison.html?smid=nytcore-ios-share

[Anonymous]

Anonymous wrote:Medical bills still threatening financial well-being of Americans.

https://www.nytimes.com/2019/12/27/upshot/expensive-health-care-world-comparison.html?smid=nytcore-ios-share

Old news .......

[Anonymous]

Anonymous wrote:Medical bills still threatening financial well-being of Americans.

https://www.nytimes.com/2019/12/27/upshot/expensive-health-care-world-comparison.html?smid=nytcore-ios-share

Good job Obamacare.

[Anonymous]

Anonymous wrote:

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.

So it affects retired people.

I'm calling B.S. on this one. Please show me a "States, cities, towns and municipalities" whose budget or provided services are dependent on the the stock market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Medical bills still threatening financial well-being of Americans.

https://www.nytimes.com/2019/12/27/upshot/expensive-health-care-world-comparison.html?smid=nytcore-ios-share

Good job Obamacare.

Were you born just in the past few years? Because only someone who knows nothing about the history of health insurance and medicine in America would make such a comment.

I’m sure you can find some charts showing percentages of medical bill related bankruptcy in the US over the past two decades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

So it affects retired people.

I'm calling B.S. on this one. Please show me a "States, cities, towns and municipalities" whose budget or provided services are dependent on the the stock market.

Not an accountant, but this is how I understand it.

A pension plan is considered fully funded if it is able to make payments to both current and prospective pensioners. If it is underfunded, money must be put in to keep the plan solvent. As local government pension funds rise in value owing to the increase in their equity investments, the need to draw on tax payer money to keep up the pension fund value is reduced, thus freeing up tax money for public services.

Note: Almost all local government employees have defined benefit pension funds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

So it affects retired people.

I'm calling B.S. on this one. Please show me a "States, cities, towns and municipalities" whose budget or provided services are dependent on the the stock market.

Not an accountant, but this is how I understand it.

A pension plan is considered fully funded if it is able to make payments to both current and prospective pensioners. If it is underfunded, money must be put in to keep the plan solvent. As local government pension funds rise in value owing to the increase in their equity investments, the need to draw on tax payer money to keep up the pension fund value is reduced, thus freeing up tax money for public services.

Note: Almost all local government employees have defined benefit pension funds.

You wrote:

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.

You still haven't proven that. You have, again, pointed to employee benefits for retirees. There are no towns that set budgets or provide local services based on the stock market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

So it affects retired people.

I'm calling B.S. on this one. Please show me a "States, cities, towns and municipalities" whose budget or provided services are dependent on the the stock market.

Not an accountant, but this is how I understand it.

A pension plan is considered fully funded if it is able to make payments to both current and prospective pensioners. If it is underfunded, money must be put in to keep the plan solvent. As local government pension funds rise in value owing to the increase in their equity investments, the need to draw on tax payer money to keep up the pension fund value is reduced, thus freeing up tax money for public services.

Note: Almost all local government employees have defined benefit pension funds.

This is not how local government budgets are set. It isn't how the federal government budget is set either.