Guno צְבִי (09-23-2019)
Guno צְבִי (09-23-2019)
“If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”
— Golda Meir
Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.
ברוך השם
As Dark Soul said in another thread: This economy is based on energy production and manufacturing, not some FedCo induced housing bubble like before. Therefore it has legs.
Cancel 2020.2 (09-23-2019)
- Jobs have grown for 106 consecutive months, the longest streak on record.
- At 121 months, this is the longest bull market in American history.
- The unemployment rate has been at 4 percent or less for 16 consecutive months, the longest such streak in 50 years.
- Inequality remains a crucial problem, but wages are now growing the fastest among the lowest-wage industries, thanks to state-by-state increases in the minimum wage and the effects of low unemployment.
- The University of Michigan’s consumer-sentiment index, which peaked at 112 in 1999, has hovered above 90 for more than four years, something that hasn’t happened since the 1990s.
- Latino unemployment has fallen to its lowest rate on record.
- Black unemployment, too, has fallen to its lowest rate on record, and, as the investor and Bloomberg columnist Conor Sen points out, the unemployment rate for black teenagers, which peaked at 48.9 percent in 2010, has plunged to yet another record low in 2019.
Glad you admitted it, Obama was president when it all started. Trump has taken advantage of the growing economy that was handed to him.
Wages are growing at last, but Trump and Repubs fought every state's attempt to raise the min wage. Now Trump takes credit for what he fought.
The blacks are not fooled. They know when the economy tightens its belt again, they know they are the first notch. They are not being fooled.
What has Trump done to make the economy better? Nothing at all. His ham-handed treatment of tariffs has hurt farmers and importers badly. Now we are throwing money at them so they will vote for Daffy again.
Sorry Obama, But It's Trump's Economic Boom, Not Yours
https://www.investors.com/politics/e...oming-economy/
Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies
Let's see if we have this right.
For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.
But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.
Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.
In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.
"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."
This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.
Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.
Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.
The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.
Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.
In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)
Last edited by Terri4Trump; 09-25-2019 at 04:45 AM.
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