LMAO
you dont understand the wage gains under Trump -unlike Obama's that went mostly to the top -
these were skewed to lower percentiles..everybody got fat and happy
Will the the price of gas keep going up in the USA ?
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you dont understand the wage gains under Trump -unlike Obama's that went mostly to the top -
these were skewed to lower percentiles..everybody got fat and happy
floridafan
Verified User
LMAO
you dont understand the wage gains under Trump -unlike Obama's that went mostly to the top -
these were skewed to lower percentiles..everybody got fat and happy
Were these "wage gains" the result of Trumps tax cut for the rich?
2018, wage growth in low-wage industries was 4.4%, while in middle- and high-wage industries it didn’t top 3%. Put another way: low-wage workers are likely the ones who are seeing the benefits of accelerating wage growth. A tighter labor market seems to be putting particular pressure on the lower-paid end.
https://www.aei.org/economics/wages...y-is-now-working-best-for-lower-wage-workers/
floridafan
Verified User
2018, wage growth in low-wage industries was 4.4%, while in middle- and high-wage industries it didn’t top 3%. Put another way: low-wage workers are likely the ones who are seeing the benefits of accelerating wage growth. A tighter labor market seems to be putting particular pressure on the lower-paid end.
https://www.aei.org/economics/wages...y-is-now-working-best-for-lower-wage-workers/
I believe Trump was President for 4 years, not just one. You are cherry picking
tax reform passed in 2017. the wage gains as a result of that and a tighter labor market showed in 2018 >
floridafan
Verified User
The only thing tax reform accomplished was to put billions into the hands of the very wealthy. It cause a massive increase in our deficits. More of that trickle down economics.
As the economy gains steam the demand will increase and the price will go up, if the economy weakens the price will drop. Econ 101
read the graph, remain in Denial -not my problem
That's not how it works, and no, gas wasn't extremely low under Trump, until COVID struck and sapped the demand.
The Russia Tax Cut went into effect 1/2/18 and a year later, manufacturing plunged into a 12-month recession, followed a year later by the economy as a whole in February 2020.
Trump added fewer jobs in his first three years than Obama did in his last three.
And in 2020, you and Trump lost 20M jobs because you couldn't control yourselves.
The only real wage gains were for the top 1%...
Any wage gains at the bottom aren't attributed to the Russia Tax Cut, but rather to the 20+ states that raised their minimum wages in 2018 and 2019.
PostmodernProphet
fully immersed in faith..
not after the demmycrats make gasoline operated vehicles illegal......
The Russia Tax Cut was the single biggest domestic policy mistake since the Bush Tax Cuts, which had the same effect on the economy.
PostmodernProphet
fully immersed in faith..
so what exactly did Trump do since January to make the price go up?......
Anything you post is a lie.
A year after your shitty tax cut, manufacturing plunged into a recession:
U.S. manufacturing was in a mild recession during 2019, a sore spot for the economy
https://www.washingtonpost.com/busi...mild-recession-during-2019-sore-spot-economy/
And two years after your shitty tax cut, the rest of the economy plunged into a recession:
It's official: Recession began in February, ending longest U.S. expansion ever
https://www.cbsnews.com/news/united-states-recession-started-february/
Where did we stop drilling?
U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019
Right, so what difference does that make?
When they applied for the permit, they believed KXL will increase their revenues...that wouldn't change 10 years later.
If it didn't increase their revenues, they wouldn't fucking build it.
In US PADD II (the Midwest), dummy, like the quote from TransCanada says, you fucking idiot:
“Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
No, what you're doing is distorting and avoiding because you're full of shit.
SO FULL OF IT.
You're trying to make this about whether or not the oil will go immediately out the door, and not about the price of the oil that may or may not go out the door.
Such a fucking lazy, cowardly, sophist way to avoid admitting that you're being suckered AGAIN.
No it didn't.
Growth never hit 3% annually, like you promised it would.
Trump's best year for growth was 2018, and the GDP growth rate for that year was 2.85%, which was below Obama's best year for GDP growth, which was 2.89%.
A year after the shitty tax cut, manufacturing plunged into a recession, and the economy entered a recession in February 2020, A MONTH BEFORE ANY COVID LOCKDOWNS.
Everything you say is a lie.
The economy entered a recession in February 2020, a month before COVID lockdowns started.
Manufacturing had been in a recession for all of 2019, a year after the tax cut was promised to do the opposite.
He's also purposefully distorting the fact that any wage gains for folks at the bottom are attributed not to his tax cut, but to 20+ states raising their minimum wages in 2018 and 2019.