Economy is roaring

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Owning stock is NOT a 1%er thing at all. You keep repeating this lie over and over again ITT. Over 50% of all Americans own stock in some form whether that is through an IRA, 401k, or 403b. Huge amounts of young people are now getting involved in the market more with apps like Robinhood offering $0 fees for buying and selling stock.

Yes indeed! The two most oft repeated falsehoods by Democrats when they try and play down the economic success that the Trump administration has enjoyed is that stock market gains are something that does not benefit most Americans. It is a lie because studies have shown that 50-55% of Americans have an investment in stocks whether directly or indirectly. The second bit of disinformation is that stock market performance has nothing to do with the economy. Of course it does although there are other factors that come into play including eg Fed policy.

Agree. The Democrats are so eager to downplay the fact that, under Trump, we have the most successful economy in modern history that they diminish the tremendous lift half of all Americans have gotten via the roaring stock market as "it's only helping the [evil] rich." (I am the one with the mother in assisted living who is relieved that the big jump our family got can ensure Mom's continued care. And yes....we moved it to cash for protection. Most of it.)

The other thing I hear, from Democrats who deign to acknowledge that half of all Americans own stock, is that well...…"it's not helping the low-income." Besides the obvious shrug-off of the value to America's middle class, we now have the lowest unemployment rate in history AS WELL as increasing wages for those in the lower strata. So all are better off - rich, middle, and low.

mainly because the supply of low skilled workers has been limited, allowing wages to rise.

limiting illegal immigration is the best policy decision for low skilled US citizens that our gov can do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Owning stock is NOT a 1%er thing at all. You keep repeating this lie over and over again ITT. Over 50% of all Americans own stock in some form whether that is through an IRA, 401k, or 403b. Huge amounts of young people are now getting involved in the market more with apps like Robinhood offering $0 fees for buying and selling stock.

Yes indeed! The two most oft repeated falsehoods by Democrats when they try and play down the economic success that the Trump administration has enjoyed is that stock market gains are something that does not benefit most Americans. It is a lie because studies have shown that 50-55% of Americans have an investment in stocks whether directly or indirectly. The second bit of disinformation is that stock market performance has nothing to do with the economy. Of course it does although there are other factors that come into play including eg Fed policy.

Agree. The Democrats are so eager to downplay the fact that, under Trump, we have the most successful economy in modern history that they diminish the tremendous lift half of all Americans have gotten via the roaring stock market as "it's only helping the [evil] rich." (I am the one with the mother in assisted living who is relieved that the big jump our family got can ensure Mom's continued care. And yes....we moved it to cash for protection. Most of it.)

The other thing I hear, from Democrats who deign to acknowledge that half of all Americans own stock, is that well...…"it's not helping the low-income." Besides the obvious shrug-off of the value to America's middle class, we now have the lowest unemployment rate in history AS WELL as increasing wages for those in the lower strata. So all are better off - rich, middle, and low.

mainly because the supply of low skilled workers has been limited, allowing wages to rise.

limiting illegal immigration is the best policy decision for low skilled US citizens that our gov can do.

Illegal immigration is already restricted to zero. Hence, the "illegal" status.

[Anonymous]

Anonymous wrote:We have a low unemployment rate because people are working 2 and 3 jobs to make ends meet.

The "economy" (ie DOW) is up because of the tax cuts and goosed interest rates. At some point, that will need to be paid for, but when the sugar high crashes, it will be ugly. As posted above, the "QE" charts are getting very ugly.

You would rather have people not working and the unemployment rate at 7% and have the 10 million people out of work and not looking.
First, you work. Then you get stable. Then you get pay raises. You don't go from unemployed to the mansion on the hill with the first job back.

[Anonymous]

Anonymous wrote:
We have a low unemployment rate because people are working 2 and 3 jobs to make ends meet.

The "economy" (ie DOW) is up because of the tax cuts and goosed interest rates. At some point, that will need to be paid for, but when the sugar high crashes, it will be ugly. As posted above, the "QE" charts are getting very ugly.


You would rather have people not working and the unemployment rate at 7% and have the 10 million people out of work and not looking.
First, you work. Then you get stable. Then you get pay raises. You don't go from unemployed to the mansion on the hill with the first job back.

Then you get laid off when the economy juicing stops. Wouldn't it be better to have an approach that is less like a roller coaster?

[Anonymous]

Anonymous wrote:We have a low unemployment rate because people are working 2 and 3 jobs to make ends meet.

The "economy" (ie DOW) is up because of the tax cuts and goosed interest rates. At some point, that will need to be paid for, but when the sugar high crashes, it will be ugly. As posted above, the "QE" charts are getting very ugly.

This is false.

Unemployment rates are determined by those who are jobless and available for work. It doesn't matter if you have one, two, or three jobs, you are not counted as jobless. Multiple job holding in no way affects how the unemployment rate is determined.

In addition, the rate of the employed with multiple jobs is not high has been declining (4.9 percent in 2017).

Please see this article for further information:

https://www.forbes.com/sites/aparnamathur/2019/08/04/are-most-people-actually-working-two-or-three-jobs-not-really/#4fb5f29e4a56

[Anonymous]

The stock market is not the economy.

The Midwest is not doing well. But keep touting the great economy, I hope those midwesterners see that Trump and the conservatives lied to get their votes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Owning stock is NOT a 1%er thing at all. You keep repeating this lie over and over again ITT. Over 50% of all Americans own stock in some form whether that is through an IRA, 401k, or 403b. Huge amounts of young people are now getting involved in the market more with apps like Robinhood offering $0 fees for buying and selling stock.

Yes indeed! The two most oft repeated falsehoods by Democrats when they try and play down the economic success that the Trump administration has enjoyed is that stock market gains are something that does not benefit most Americans. It is a lie because studies have shown that 50-55% of Americans have an investment in stocks whether directly or indirectly. The second bit of disinformation is that stock market performance has nothing to do with the economy. Of course it does although there are other factors that come into play including eg Fed policy.

Agree. The Democrats are so eager to downplay the fact that, under Trump, we have the most successful economy in modern history that they diminish the tremendous lift half of all Americans have gotten via the roaring stock market as "it's only helping the [evil] rich." (I am the one with the mother in assisted living who is relieved that the big jump our family got can ensure Mom's continued care. And yes....we moved it to cash for protection. Most of it.)

The other thing I hear, from Democrats who deign to acknowledge that half of all Americans own stock, is that well...…"it's not helping the low-income." Besides the obvious shrug-off of the value to America's middle class, we now have the lowest unemployment rate in history AS WELL as increasing wages for those in the lower strata. So all are better off - rich, middle, and low.

mainly because the supply of low skilled workers has been limited, allowing wages to rise.

limiting illegal immigration is the best policy decision for low skilled US citizens that our gov can do.

Illegal immigration is already restricted to zero. Hence, the "illegal" status.

You would think, right?

But when certain Democratically governed jurisdictions protect illegal immigrants by refusing to allow enforcement of immigration laws (looking at you, MoCo), it leads to an increase in illegal immigration.

Agree with the PP. Limiting/eradicating illegal immigration is the best policy decision for low skilled US citizens. It is not a good decision for the wealthy business owners who love the cheap labor. And it is not the best decision for some politicians who depend on their votes.

[Anonymous]

Anonymous wrote:We have a low unemployment rate because people are working 2 and 3 jobs to make ends meet.

The "economy" (ie DOW) is up because of the tax cuts and goosed interest rates. At some point, that will need to be paid for, but when the sugar high crashes, it will be ugly. As posted above, the "QE" charts are getting very ugly.

False. As had already been debunked by BLS numbers.

The number of people working multiple jobs has been holding relatively steady at level very comparable to the numbers during Obama's years. The number of those int he work force working multiple jobs is less than 6%. Keep making up ridiculous 'facts'. Maybe if you repeat a falsehood enough it'll eventuy be true.

[Anonymous]

The best evidence we have that the economy is doing well is that the Democratic candidates hardly ever talk about what can be done to improve economic performance.

Yes, they talk about income inequality and they have a valid point but where they go off the rails is when their remedy for income inequality is to tax higher income earners to the hilt, levy a wealth tax and regulate businesses.

There is no question that the economy is doing well even if it is uneven.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Owning stock is NOT a 1%er thing at all. You keep repeating this lie over and over again ITT. Over 50% of all Americans own stock in some form whether that is through an IRA, 401k, or 403b. Huge amounts of young people are now getting involved in the market more with apps like Robinhood offering $0 fees for buying and selling stock.

Yes indeed! The two most oft repeated falsehoods by Democrats when they try and play down the economic success that the Trump administration has enjoyed is that stock market gains are something that does not benefit most Americans. It is a lie because studies have shown that 50-55% of Americans have an investment in stocks whether directly or indirectly. The second bit of disinformation is that stock market performance has nothing to do with the economy. Of course it does although there are other factors that come into play including eg Fed policy.

Agree. The Democrats are so eager to downplay the fact that, under Trump, we have the most successful economy in modern history that they diminish the tremendous lift half of all Americans have gotten via the roaring stock market as "it's only helping the [evil] rich." (I am the one with the mother in assisted living who is relieved that the big jump our family got can ensure Mom's continued care. And yes....we moved it to cash for protection. Most of it.)

The other thing I hear, from Democrats who deign to acknowledge that half of all Americans own stock, is that well...…"it's not helping the low-income." Besides the obvious shrug-off of the value to America's middle class, we now have the lowest unemployment rate in history AS WELL as increasing wages for those in the lower strata. So all are better off - rich, middle, and low.

mainly because the supply of low skilled workers has been limited, allowing wages to rise.

limiting illegal immigration is the best policy decision for low skilled US citizens that our gov can do.

Illegal immigration is already restricted to zero. Hence, the "illegal" status.

You would think, right?

But when certain Democratically governed jurisdictions protect illegal immigrants by refusing to allow enforcement of immigration laws (looking at you, MoCo), it leads to an increase in illegal immigration.

Agree with the PP. Limiting/eradicating illegal immigration is the best policy decision for low skilled US citizens. It is not a good decision for the wealthy business owners who love the cheap labor. And it is not the best decision for some politicians who depend on their votes.

They don't refuse to allow enforcement of immigration laws.

[Anonymous]

The best evidence we have that the economy is doing well is that the Democratic candidates hardly ever talk about what can be done to improve economic performance.

Yes, they talk about income inequality and they have a valid point but where they go off the rails is when their remedy for income inequality is to tax higher income earners to the hilt, levy a wealth tax and regulate businesses.

There is no question that the economy is doing well even if it is uneven.

[Report Post]

Yes, this is what they are talking about . . . the uneven part. The average life span is going down (over the last 3 years and this is a fact). Higher education remains at too high of a cost.

I do not think that higher income earners are going to be "taxed to the hilt" (whatever that means), etc. However, let's face it, a situation where there is this much inequity is not healthy. Making the masses unhappy and hungry and sick is not a good idea. Sooner or later something has to give. It would be better to resolve this in a gradual way than to make it worse (as Trump has done). Do you agree? How would you solve the rising inequity and loss of opportunity situation? Charity?

[Anonymous]

Anonymous wrote:

The best evidence we have that the economy is doing well is that the Democratic candidates hardly ever talk about what can be done to improve economic performance.

Yes, they talk about income inequality and they have a valid point but where they go off the rails is when their remedy for income inequality is to tax higher income earners to the hilt, levy a wealth tax and regulate businesses.

There is no question that the economy is doing well even if it is uneven.

[Report Post]

Yes, this is what they are talking about . . . the uneven part. The average life span is going down (over the last 3 years and this is a fact). Higher education remains at too high of a cost.

I do not think that higher income earners are going to be "taxed to the hilt" (whatever that means), etc. However, let's face it, a situation where there is this much inequity is not healthy. Making the masses unhappy and hungry and sick is not a good idea. Sooner or later something has to give. It would be better to resolve this in a gradual way than to make it worse (as Trump has done). Do you agree? How would you solve the rising inequity and loss of opportunity situation? Charity?

Rising income inequality and the growing wealth gap are real issues. Not so much for the economy writ large but socially and politically. Personally, I am not sure how to address it, but would be interested in the discussion.

What I think doesn't work is disseminating demonstrably false information on the economy like one poster or more has done on this thread. For example, claiming that low employment is a result of more people working more jobs, that consumer debt is rising, that the national debt has tripled under Trump, etc. Whoever you are, you are undermining whatever case you are trying to make when you do this.

It also doesn't help to insert irrelevant facts into the conversation. For example, life span has gone down, but that's not the economy or income inequality, it's opiate overdoses. Higher education can be very expensive, but it can also be very manageable if one goes the route of community college followed by two years at a state college. Choosing to do another route that requires a lot of debt is on the individual.

It is unclear to me, as it is to the poster you are responding to that you can get both a growing economy and reduced income equality by promising a lot of free programs funded by very high taxes on the very rich. Inevitably, the funding will require going into the pockets of the group that has, collectively, the most money, the middle class, exacerbating the inequality because the very rich will pay handsomely to find ways to shelter their wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have a low unemployment rate because people are working 2 and 3 jobs to make ends meet.

The "economy" (ie DOW) is up because of the tax cuts and goosed interest rates. At some point, that will need to be paid for, but when the sugar high crashes, it will be ugly. As posted above, the "QE" charts are getting very ugly.

False. As had already been debunked by BLS numbers.

The number of people working multiple jobs has been holding relatively steady at level very comparable to the numbers during Obama's years. The number of those int he work force working multiple jobs is less than 6%. Keep making up ridiculous 'facts'. Maybe if you repeat a falsehood enough it'll eventuy be true.

Remember when the unemployment rate was 42% just 4 years ago? /s

https://www.politifact.com/truth-o-meter/statements/2015/sep/30/donald-trump/donald-trump-says-unemployment-rate-may-be-42-perc/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The best evidence we have that the economy is doing well is that the Democratic candidates hardly ever talk about what can be done to improve economic performance.

Yes, they talk about income inequality and they have a valid point but where they go off the rails is when their remedy for income inequality is to tax higher income earners to the hilt, levy a wealth tax and regulate businesses.

There is no question that the economy is doing well even if it is uneven.

[Report Post]

Yes, this is what they are talking about . . . the uneven part. The average life span is going down (over the last 3 years and this is a fact). Higher education remains at too high of a cost.

I do not think that higher income earners are going to be "taxed to the hilt" (whatever that means), etc. However, let's face it, a situation where there is this much inequity is not healthy. Making the masses unhappy and hungry and sick is not a good idea. Sooner or later something has to give. It would be better to resolve this in a gradual way than to make it worse (as Trump has done). Do you agree? How would you solve the rising inequity and loss of opportunity situation? Charity?

Rising income inequality and the growing wealth gap are real issues. Not so much for the economy writ large but socially and politically. Personally, I am not sure how to address it, but would be interested in the discussion.

What I think doesn't work is disseminating demonstrably false information on the economy like one poster or more has done on this thread. For example, claiming that low employment is a result of more people working more jobs, that consumer debt is rising, that the national debt has tripled under Trump, etc. Whoever you are, you are undermining whatever case you are trying to make when you do this.

It also doesn't help to insert irrelevant facts into the conversation. For example, life span has gone down, but that's not the economy or income inequality, it's opiate overdoses. Higher education can be very expensive, but it can also be very manageable if one goes the route of community college followed by two years at a state college. Choosing to do another route that requires a lot of debt is on the individual.

It is unclear to me, as it is to the poster you are responding to that you can get both a growing economy and reduced income equality by promising a lot of free programs funded by very high taxes on the very rich. Inevitably, the funding will require going into the pockets of the group that has, collectively, the most money, the middle class, exacerbating the inequality because the very rich will pay handsomely to find ways to shelter their wealth.

This is key, IMO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Owning stock is NOT a 1%er thing at all. You keep repeating this lie over and over again ITT. Over 50% of all Americans own stock in some form whether that is through an IRA, 401k, or 403b. Huge amounts of young people are now getting involved in the market more with apps like Robinhood offering $0 fees for buying and selling stock.

Yes indeed! The two most oft repeated falsehoods by Democrats when they try and play down the economic success that the Trump administration has enjoyed is that stock market gains are something that does not benefit most Americans. It is a lie because studies have shown that 50-55% of Americans have an investment in stocks whether directly or indirectly. The second bit of disinformation is that stock market performance has nothing to do with the economy. Of course it does although there are other factors that come into play including eg Fed policy.

Agree. The Democrats are so eager to downplay the fact that, under Trump, we have the most successful economy in modern history that they diminish the tremendous lift half of all Americans have gotten via the roaring stock market as "it's only helping the [evil] rich." (I am the one with the mother in assisted living who is relieved that the big jump our family got can ensure Mom's continued care. And yes....we moved it to cash for protection. Most of it.)

The other thing I hear, from Democrats who deign to acknowledge that half of all Americans own stock, is that well...…"it's not helping the low-income." Besides the obvious shrug-off of the value to America's middle class, we now have the lowest unemployment rate in history AS WELL as increasing wages for those in the lower strata. So all are better off - rich, middle, and low.

mainly because the supply of low skilled workers has been limited, allowing wages to rise.

limiting illegal immigration is the best policy decision for low skilled US citizens that our gov can do.

Illegal immigration is already restricted to zero. Hence, the "illegal" status.

Excellent! Than, you should agree that there needs to be enforcement at all levels of government - federal, state and local. Local governments are required to cooperate with ICE and turn over anyone who is undocumented, or whose documents are in question so that ICE can decide.

We need to increase funding for ICE so that ICE can do it's job.

And, we need to crack down on ALL employers who employ/exploit illegal immigrants. Crack down on the construction company owner who hires illegal immigrants. Crack down on the lady who has hired an illegal immigrant to do her cooking/cleaning. Crack down on the lawn services companies who hire undocumented workers. Crack down on the homeowners who hire tradespeople who are not licensed and undocumented. Crack down on the wealthy slum landlords, who illegally rent to undocumented immigrants.

Glad we can agree that it needs to happen. Illegal immigration may be 'illegal', but we need much better enforcement.