Trump economy not going gangbusters

Phantasmal said:
It’s hard for the worker drones, especially when you barely make enough to live. We were worker drones, but we had a good income and we lived within our means.
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Do you think flooding the country with Third World Labor to compete with American Labor will help?
Do you support driving down American Wages by the importation of cheap foreign labor.

The Shareholding Class benefits by a less costly Labor input. Quarterly Returns are enhanced. It's surprising Trump wants to 'close the Border'?
 
Jack said:
Do you think flooding the country with Third World Labor to compete with American Labor will help?
Do you support driving down American Wages by the importation of cheap foreign labor.

The Shareholding Class benefits by a less costly Labor input. Quarterly Returns are enhanced. It's surprising Trump wants to 'close the Border'?
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I don’t believe in flooding the nation with cheap labor, don’t know where you got that idea.
 
Sailor said:
Anyone, no matter how much they make, can invest a percentage of their income. I do not understand why so many think they cannot.
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Amen Brother. I see these guys picking lettuce in Imperial Valley for 12 hours, and then all they do with their spare time is eat and sleep rather than consult a good solid Stock Broker. No wonder they live in Poverty.
 
Jack said:
Amen Brother. I see these guys picking lettuce in Imperial Valley for 12 hours, and then all they do with their spare time is eat and sleep rather than consult a good solid Stock Broker. No wonder they live in Poverty.
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You do not need a stock broker. At all. That is my point. And if those folks are actually getting 12 hours off a day, they need to get a real job.
 
Jack said:
DOW north of 25,000. Shareholder value increasing. Where's the Problem?
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I wouldn't complain about Shareholder value on Trump's watch. Sure, the annualized increase in the S&P500 on Trump's watch is down 1.38 points relative to what we had during the Obama years. But we got spoiled by Obama-era success, and it's unfair to expect that kind of market to continue for ever. What I'm more concerned about is that we're running deficits up so quickly with nothing to show for it. It would be one thing if we were mortgaging our future in exchange for the 4% GDP growth Trump promised, but to be screwing over our kids in exchange for 2.69% annualized GDP growth is pretty discouraging, don't you think?
 
Sailor said:
Anyone, no matter how much they make, can invest a percentage of their income. I do not understand why so many think they cannot.
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I’m sorry Sailor, but there are people who decide each month what bills to pay in order to feed their families. They don’t have the income to invest, so I must disagree with you.
 
Phantasmal said:
I don’t believe in flooding the nation with cheap labor, don’t know where you got that idea.
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I think I asked it as a question.

Do you think we should bring in more H1B immigrants? Yes, I keep hearing these College Grads cry about 'School Debt', but Bottom Line, we could increase Productivity by hiring these guys from India. Other than the crybabies, it's a 'Win/Win.
 
Jack said:
I think I asked it as a question.

Do you think we should bring in more H1B immigrants? Yes, I keep hearing these College Grads cry about 'School Debt', but Bottom Line, we could increase Productivity by hiring these guys from India. Other than the crybabies, it's a 'Win/Win.
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I believe some should be admitted, but not to the detriment of our American workers. If there is a shortage in certain fields, then it should be allowed and we should train Americans in those fields to fill the positions in the future.
 
Threedee said:
So, what happened last quarter?
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Quarterly growth means next to nothing -- rates bounce up and down dramatically from one quarter to the next. Right-wingers used to know that, back when the Obama economy would post strong quarters (remember 5.11%?) But they conveniently forgot that wisdom once Trump took office. Not to worry, though -- they'll conveniently remember how little a single quarter means the next time Trump posts a bad one. The parameters of their reality are defined by the conveniences of the moment.
 
tax cuts just kicked in this year. Deregulation is also paying off. right now we are averaging 3% GDP for the year.
I'm pretty sure that's about where will be for the year. all this with regular interest hikes as well -which Obama did not have. Obama never got close to 3%

Now to got the trade issues worked -out. very stubborn and slow- but Mexico should sign NAFTA next week and that will get Canada in.. China is longer term but talking

Record unemployment lows.....wages coming up finally..what's not to like?
 
Oneuli said:
I wouldn't complain about Shareholder value on Trump's watch. Sure, the annualized increase in the S&P500 on Trump's watch is down 1.38 points relative to what we had during the Obama years. But we got spoiled by Obama-era success, and it's unfair to expect that kind of market to continue for ever. What I'm more concerned about is that we're running deficits up so quickly with nothing to show for it. It would be one thing if we were mortgaging our future in exchange for the 4% GDP growth Trump promised, but to be screwing over our kids in exchange for 2.69% annualized GDP growth is pretty discouraging, don't you think?
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1. 'Obama years' ... was coming off a historic Great Recession, not a very good comparison.
2. Stocks keep climbing. FANG won't quit.
3. The proletarians will be forced to pay for it. I don't see it as that big a deal?
 
Jack said:
I think I asked it as a question.

Do you think we should bring in more H1B immigrants? Yes, I keep hearing these College Grads cry about 'School Debt', but Bottom Line, we could increase Productivity by hiring these guys from India. Other than the crybabies, it's a 'Win/Win.
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It's not a "win/win" if by that you mean something with no losers. As previously discussed, there are multiple losers -- pretty much everyone at or below their level on the career ladder loses, when they come in and create top-down downward pressure on incomes. Their source countries also lose with that poaching, since they invested in their education and then lose their productivity. Who wins? Well, the ownership class wins. One thing the ownership has traditionally been pretty bad at is suppressing the incomes of the upper-middle and lower-upper class. Even as the ownership class succeeded in stagnating wages for decades at the median level and below, they had to deal with the uppity strivers in that 70th-90th percentile range having some leverage to demand decent incomes, keeping the elite from pulling away from them as fast as the elite was able to pull away form the rest of the country. H1Bs are a solution to that "problem." It puts highly educated, high-skills American workers in their place, as far as the ownership class is concerned. It sends a message that they're fungible and if they demand even a small cut of America's increase in wealth, they'll simply be replaced by their off-brand foreign equivalents.
 
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anatta said:
tax cuts just kicked in this year. Deregulation is also paying off. right now we are averaging 3% GDP for the year.
I'm pretty sure that's about where will be for the year. all this with regular interest hikes as well -which Obama did not have. Obama never got close to 3%

Now to got the trade issues worked -out. very stubborn and slow- but Mexico should sign NAFTA next week and that will get Canada in.. China is longer term but talking

Record unemployment lows.....wages coming up finally..what's not to like?
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The reality for vast swaths of the middle class, working poor and impoverished which the power structure needs to obscure and hide.
 
Phantasmal said:
Oh, great news, will the tariffs affect all of that?
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tariffs do bring down GDP. but what's the alternative? living with a crappy NAFTA ? China trade barriers ?
We also need to change the rules of doing business in China..none of this is EZ, which is why previous POTUS didn't touch it.
 
Oneuli said:
You need to read more. We're nowhere close to record unemployment lows.
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black,Hispanic. also women are doing well .adults without a college degree, allbetter off
Manufacturing coming back.

AND the rest of what I posted -so what's the beef?
 
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