Job growth SURGES in January, Beating Wall St Expectations

[ivwshane]

Only in the mind of a dumb ass righty would an economic policy of tax cuts designed to get GDP growth of 3-6% and an increase in tax revenue would a result of 2.1% GDP growth and a $225 billion reduction in tax revenue, be considered a success.

I’m just curious if there has ever been any policy by the right, economic, social, or other, where a policy they supported has ever been successful? That’s a serious question because I can’t think of a single policy where their policy led to the results they claimed they would.

We do know that their economic policy is based on bull Shit as they had to have the CBO change how they do calculations just so their policies wouldn’t look like Shit before they even got passed.

 

[cytg111]

So let me guess, when we hit a recession it's all Trump's fault?

Yes.

 

[cytg111]

That is pure supposition and based on nothing.

only if youre ignorant as fuck

 

[TheVrolok]

None. But, if you remember, the media and folks in this very board as I've pointed out, said everything would crash if Trump were elected. Bzzzzzzd wrong.

"He did nothing to improve our economy, but ballooned our debt and started trade wars! MAGA! MAGA!"

Do you realize how insanely stupid that is?

 

[dawp]

"He did nothing to improve our economy, but ballooned our debt and started trade wars! MAGA! MAGA!"

Do you realize how insanely stupid that is?

plus I think the jury's still out on whether his policies will, in the end, crash the economy since he still is in office.

 

[TheVrolok]

plus I think the jury's still out on whether his policies will, in the end, crash the economy since he still is in office.

Absolutely. I suspect his failed policies are being masked heavily by an otherwise positively trending economy. Don't worry though, hopefully it'll happen 2 days after a Democrat takes over so the GOP can blame the Dems and the base will eat it up.

 

[HomerJS]

That is pure supposition and based on nothing.

How about based on history? I presume you have seen the job creation graphs from Bush to Obama. Also we know Obama would not have signed the tax cuts for the rich exploding the deficit which was on its way down under Obama

 

[brycejones]

That is pure supposition and based on nothing.

You being profoundly ignorant of economics doesn't mean its based on nothing.

 

[HomerJS]

I've already quoted not only this board but news sources that said that exact thing.

Wrong, quiz kid. That's why the search function is a wonderful thing. There were questions asking what if Trump crashes the economy but none predicting it would happen.

 

[Jaskalas]

That is pure supposition and based on nothing.

• Jan 2019: Trump's Big 'Win': The Largest Budget Deficit With A Strong Economy
• Trump’s Tariffs Were Supposed to Ding China, But the U.S. Economy Is Getting Hit 2.5x Harder

The data proves two things. The deficit would be lower, and the GDP would be higher. Trump promised 5%, we got 2.1%

 

[Jhhnn]

Sorry. Deficits don't matter. The country is doing well. If that's wrong tell me what's bad for Americans.

Channeling you inner Dick Cheney, huh? If deficits don't matter then why does the GOP insist on making them bigger?

 

[HomerJS]

Sorry. Deficits don't matter. The country is doing well. If that's wrong tell me what's bad for Americans.

The rise of white boy terrorism encouraged explicitly and implicitly by Trump.

 

[NWRMidnight]

Sorry but you're wrong. Straight away. The country is doing well. On all aspects.

You obviously don't have a clue. WE are headed down a disaster. The problem is, we are in an election year. And if Trump doesn't get voted back in, people like you, who don't have a clue will blame the next President for the mess Trump has created. You are going to see personal bankruptcy dramatically increase over the next few years because the "great economy" is being financed on credit by the middle class that can't afford it. We have a government that can't pay it's bills because we spend more than we take in. If Trump does get voted in, he is going to sit and blame the Democrats for his mess either way, and you are going to sit and take his BS lies as truths. Basically you are being distracted by shiny lights and sparkly things to make you believe that we are in a great position, when in fact, we are no where near doing well. EVERYTHING, from the government on down is all financed thru credit. From his job creating to the economy. What is going to happen when the credit ends, and it can't be paid back?

 

[NWRMidnight]

Sorry. Deficits don't matter. The country is doing well. If that's wrong tell me what's bad for Americans.

deficits don't matter. What economic course did you take? Does debt matter in your own household? Do you have to pay it back? If you get to much debt, and can't afford to pay it back, or default on loans, what happens? Do you think China and other countries are going to keep loaning the US money to keep us afloat?

 

[Vic]

A booming economy built upon a mountain of debt.

US households now hold a record $14 trillion in debt

US households now hold more than $14 trillion of debt, a new record, the New York Federal Reserve said this week.

www.cnn.com

 

[MomentsofSanity]

Meanwhile, Trump’s budget cuts scheduled payraises to federal employees citing, and I quote, ”severe economic conditions” in the country as the reason.

 

[zinfamous]

So let me guess, when we hit a recession it's all Trump's fault? lol nice try. The majority of Americans already attribute the economy to Trump.

It's no mystery that unchecked deficit spending only ever leads to a recession. It's what every single republican administration does. The data is all there, and it only ever results in the exact same answer, every single time: republicans are nothing but disaster for every fucking economy that they try to manage, and they know it.

All you have to do is actually read, and you might know these things, too.

 

[Paratus]

Job Growth Surges In January, Beating Wall Street Expectations

Unseasonably warm weather in January helped boost job growth.

www.forbes.com

The economy is on fire, 42% higher jobs added than expected! This may be one of Trump's best weeks ever. Thank you, Mr. President!

Hey Op if the economy is doing so awesome why is Trump cutting pay raises due to serious economic conditions?

https://slate.com/news-and-politics...al-pay-raise-serious-economic-conditions.html

who should I believe about the economy you or Trump?

 

[VRAMdemon]

Juice the economy with tax cuts when things are on the upswing. A lot of one time measures can make the economy look good in the short term, but if you're heating the house by burning the furniture pretty soon you run out of places to sit.

 

[soulcougher73]

Job Growth Surges In January, Beating Wall Street Expectations

Unseasonably warm weather in January helped boost job growth.

www.forbes.com

The economy is on fire, 42% higher jobs added than expected! This may be one of Trump's best weeks ever. Thank you, Mr. President!

If it's on fire why is Trump cutting federal pay raises, citing "serious economic conditions"? I mean its either on fire, or its not.

Trump Cuts Scheduled Federal Pay Raise, Citing “Serious Economic Conditions” in the Country

The same day Trump tweeted: “BEST USA ECONOMY IN HISTORY!”

slate.com

 

[Jhhnn]

I think Trump has politicized the FRB & is trying hard to make it more that way.

https://www.washingtonpost.com/opinions/yes-trumps-latest-fed-pick-is-that-bad-heres-why/2020/02/10/a13fa1ec-4c44-11ea-9b5c-eac5b16dafaa_story.html

I don't trust this economy at all. It's like they're trying to pretend that the business cycle doesn't exist. This business in the repo market awhile back & the FRB buying bonds to fix it indicates some deeper weakness I don't quite understand. Their willingness to roll back the Volcker rule so banks can engage in greater risk fairly reeks of desperation to not run out of gas. They can't even hit their inflation targets with all of that, low interest, massive deficits & investor class tax cuts.

It has to turn south at some point, so we'd do well to make sure resources & mechanisms are in place to blunt the impact on the little people so it doesn't turn into a deflationary spiral & the misery entailed in that.

What am I thinking? That would be evil Socialism & we can't have that. Heavens, no. We can't have the American people looking out for each other. So, if you think cuts hurt people when times are good just wait until they turn bad, chumps. Fuck you, Libtards.

 

[pcgeek11]

How about based on history? I presume you have seen the job creation graphs from Bush to Obama. Also we know Obama would not have signed the tax cuts for the rich exploding the deficit which was on its way down under Obama

It is a good guess and assumption.