Reply With QuoteEarl (01-26-2020)
Back To Reality
This week in Trumponomics: Warning signs for Trump
The article ends with warning trump he should be "mindful"; does anyone think trump can be "mindful"? The guy is pretty mindless.
This week in Trumponomics: Warning signs for Trump
President Trump gave a speech in Davos, Switzerland this week, bragging about the U.S. economy under his watch. He focused on working- and middle-class Americans and basically said they’re doing great.
Trump should be careful. He’s telling many Americans they’re better off, trust him, than they think they are themselves. Some might believe it, and decide to give Trump another four years when they vote in November. But others might resent Trump’s presumptuousness and decide he’s trying to snow them.
Trump, for instance, claimed there’s a “blue-collar boom” in America, with lower-income people getting ahead faster than higher-income people. Many facts demonstrate this is not true, but to check, Yahoo Finance ran a poll asking audience members if they think there is a blue-collar boom, as Trump insists.
Few respondents agree. Of 951 respondents who described themselves as blue-collar, only 21% said there’s a blue-collar boom, while 78% said there’s not a blue-collar boom.
Source: Yahoo FinanceView photos
Source: Yahoo Finance
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This aligns with a wealth of data showing pockets of the blue-collar and middle-class economies are doing fine, but many families still struggle to keep up with medical bills, rent, inflation and the rising skill levels needed to get ahead. Trump is downplaying people’s struggles and overstating his own success, which is why this week’s Trump-o-meter reads WEAK, the third-lowest rating.
Source: Yahoo FinanceView photos
Source: Yahoo Finance
More
There’s no reason to fear a recession this year, but likely growth of around 2% won’t do a lot to help lift struggling families. Trump bragged about income gains among lower-income workers, yet wages are only up about 3% for this group during the last year. Inflation is 2.3% – and health care inflation is a lot higher than that—which is why 3% income growth doesn’t go very far.
In our survey, we asked respondents to describe the state of the economy in their own words. Many of the responses echoed themes Democratic presidential candidates are highlighting as they campaign. Samples:
“For large companies great; for small businesses and self-employed, terrible.”
“Terrible except for top 5%. Only growth is in stocks and financial jobs and low paying serving and hotel jobs.”
“Health care/insurance still takes too much of one's paycheck especially those who don't have insurance from their job.”
There are some optimists, to be sure, such as the respondent who told us, “Stock market is solid, 401K is doing very well, unemployment is down and many people have disposal income.” That person said he recently purchased a second home. And solid consumer confidence numbers nationwide show that Americans overall feel pretty good.
But the U.S. economy is segregated into those getting ahead and those barely keeping up. Prosperous zones include vibrant coastal regions, university towns, energy corridors, tech-heavy urban areas and some manufacturing regions. Many other areas lack an economic anchor, with too many workers stuck in low-wage jobs. It’s not clear this gap has narrowed under Trump, and it may have widened. He should be mindful of who’s listening when the talks about he remarkable Trump economy.
https://finance.yahoo.com/news/this-...184201286.html
Earl (01-26-2020)
Frank Apisa (01-26-2020), Phantasmal (01-26-2020), PoliTalker (01-26-2020), Rune (01-26-2020), signalmankenneth (01-26-2020), Trumpet (01-26-2020)
100% recycled karma
yahoo finance? lol.
most polls I see show Trump's approval on the economy near 60% - his best approvals by far.
Wage increases have skewed more to the lower incomes,and blue collar jobs under Trump
Rising paychecks for blue-collar workers are shrinking the wage gap
https://www.usatoday.com/story/opini...mn/1955329001/
Monthly reports on the number of new jobs and the unemployment rate can drown out important trends like these two: After four decades of worsening, wage inequality has started shrinking. And in a twist, America’s blue-collar workers are playing the biggest role in driving that reversal.
This may come as a surprise, because education is classically seen as a ladder up the income scale. Despite blue-collar workers often lacking college degrees, their wages have been accelerating faster than those of their white-collar counterparts.
Rune (01-26-2020)
PoliTalker (01-26-2020)
Banned
Pure jealousy that you continue to fail while so many others are doing extremely better.Originally Posted by Walt
Insane Level of Addiction
Trump will win, they know it, we know it.
Insane Level of Addiction
Walt gets his days mixed up. School on Saturday.
Lol.
It's OK to Be White
It is pretty funny warning a mentally challenged guy to be mindful.
Trumpet (01-26-2020)
Verified User
So the Bureau of Labor Statistics is lying about wages? Instead you believe a non scientific poll of 951 libs by a bunch of Yahoos? Ooo-kay.
Every life matters
Verified User
I feels Trump is no good
Rune (01-26-2020)
Diversity Makes Greatness
Hello Walt,
I would expect struggling ex coal workers would be getting lukewarm on the BS that the economy is great for everybody. Especially when they are not left with any/much disposable income at the end of the bills.
Great thread. Thanks for starting it. Way too close to reality for Trump fans.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Earl (01-27-2020)
Phantasmal (01-26-2020)
Verified User
It's like telling him to be empathetic. Trump is dead inside and should have been a spontaneous abortion due to the fact that he is not a fully formed human. He has no humanity.
BLUEXITA Modest Proposal For Separating Blue States From Red
Dear Red-State Trump Voter,
Let’s face it, guys: We’re done.
It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.
This is why our separation in all but name is necessary.
https://newrepublic.com/article/1409...mp-red-america
Diversity Makes Greatness
Hello anatta,
Very little of that has anything to do with what Trump has done. Indeed the rise in the numbers of college graduates has softened wage increases there (supply/demand) as the number of non college workers has declined, wages for those types of work have increased (once again, supply/demand.) These trends would still be in place without Trump. Credit must also be given to the Fight For Fifteen movement. All those walk-outs and protests have had an effect.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Phantasmal (01-26-2020)
Diversity Makes Greatness
Ask all those lower-income workers who are finally getting a little bit more - if it is enough to afford them much disposable income or savings after all the needs are met. Are they able to save for down payments on owning a home? That is the major way families build wealth in America. Locked out of that the lower half simply languishes in the frustration of not ever being able to get ahead.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Earl (01-27-2020)
Verified User
unemployment is at record lows - that's the macro-trend on supply and demand.
If you got a skill or a degree -you can definately get a job.
and with virtually FULL EMPLOYMENT WAGES ARE STILL RISING - meaning the economy is hot and management is confident they will continue to expand, so they pay their workers more to keep them
It takes full employment in a sector and a hot economy to raise wages, and do it with little inflation
That's what Trump has done
Earl (01-27-2020)
Verified User
You mean the workers libs brag about killing their jobs? Those workers?
Every life matters
Get Off My Lawn
Please realize you are arguing with an individual (Polibabble) absorbed with sheer stupidity.
Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.
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