Trump is set to inherit the strongest economy we've seen in decades

[Sheik Yerbouti]

Did you miss the "even if" part?

THE LIST™!!! YOU NEED TO GO THERE NOW!!

 

[First]

We spend over $180bn on illegal care every year, about $150bn of that borne by states and $30bn by the federal.

The wall is nothing. Even if it cost $100bn to build, that still pays for itself in 6 2/3 months.

That's a dumb argument, given illegals also produce more than $180B in wealth, so them leaving would be a net economic negative.

 

[ivwshane]

That's a dumb argument, given illegals also produce more than $180B in wealth, so them leaving would be a net economic negative.

Its a dumb argument for lots of reasons. That's never been a cause of concern for the faithful though.

 

[K1052]

Did you miss the "even if" part?

I was noting that the argument has suddenly shifted. I don't really agree with his assertion anyway.

 

[Mai72]

http://www.bls.gov/news.release/empsit.t19.htm

That's the hourly median wage in America. It went up $0.10 from Sept-Oct. That's something to be excited over?

I contend that the middle class is the most lied to group in America. IMO, things are not OK. Being in the middle means you are going to feel the wrath when this economy which has been artificially propped up by the fed crashes. It's bound to happen as we go thru cycles. But, it's going to be much worse. That 2007-08 crash we had is going feel like paradise compared to what's ahead.

**Millionaire is the New Middle Class**

If you're not at least making $100k a year you are in for a world of hurt. I do quite well and even I don't have enough funds to take care of my investments and my dreams. I save at least 30% of my monthly income. It goes into a sacred account which I can't touch until I'm ready to make a big play. That's 30%. Try to do that on $50k a year. It's nearly impossible.

Back to your argument. Many of those jobs are entry level. Low pay, Starbucks pay. Also, many people have fallen off the radar so they aren't counted anymore. Why was Trump elected? Because those same people are hurting. Many people who are just barely scrapping by are in pain. This might not be true on the East/west coasts, but if you went to middle America you'd see a different story.

 

[Mai72]

That wall doesn't build itself.

Trade tariffs and "fixed" NAFTA will bring back tons of jobs.

Apple was in the news today because they are asking Foxconn about the feasibility of moving iPhone production to the USA.

“Making iPhones in the U.S. means the cost will more than double."

Expect your iPhone to cost much more and don't complain when it does.

The reality is companies are under huge pressure to turn profits. HUGE profits.

 

[soundforbjt]

I know it's Japanese but it applies...
https://m.youtube.com/watch?v=96iJsdGkl44

 

[1prophet]

Jobless claims fell to their lowest level in 40 years if you simply count the number of people who filed and if you look at it from as an expression of rate it's even better.

http://www.forbes.com/sites/timwors...ver-been-as-low-as-they-are-now/#4e136ab93174

Housing construction has reached its largest gains in 34 years.

http://www.bostonherald.com/busines...truction_jumped_by_largest_amount_in_34_years

The Middle class had the fastest growth in income in 30+ years and the amount of people in poverty saw its steepest decline in 40+ years.

https://www.washingtonpost.com/news...st-year-since-the-end-of-the-great-recession/

Federal employment is well below historical norms.

https://www.opm.gov/policy-data-ove...ables/total-government-employment-since-1962/

Things are so good that the federal reserve will most likely be raising interest rates.

So which of these numbers will trump be improving through his and Republican policies?


My prediction is Republicans will simply be taking credit for this and will pivot from describing this economy in a negative light to one of glowing reviews.

This is why Trump got into office, blowing smoke up peoples asses telling them how great everything is, if you remember the 90's that was a far better economy than anything today and you pretend liberals have no problem giving the credit for that to Bill Clinton and the great inventor of the internet Al Gore , because back then if you fogged a mirror you had a job, usually with benefits.

Sorry but replacing a 30 dollar an hour job with benefits with three 10 dollar an hour jobs no benefits doesn't mean we are better off because we technically have two more jobs now, but that is how you guys try to spin this bullshit and wonder why your "it's my turn" presidential candidate didn't get the nomination.

 

[1prophet]

That's a dumb argument, given illegals also produce more than $180B in wealth, so them leaving would be a net economic negative.

Slaves produced a lot of wealth back in the day and Southerners used to say if they were freed it be a net economic negative, you know because people with rights , like citizens or legal immigrants, won't put up with the low wages and other labor abuse that come with it that illegals are expected to just deal with.

 

[K1052]

Slaves produced a lot of wealth back in the day and Southerners used to say if they were freed it be a net economic negative, you know because people with rights , like citizens or legal immigrants, won't put up with the low wages and other labor abuse that come with it that illegals are expected to just deal with.

So you're saying make them all citizens?

 

[Chiropteran]

“Making iPhones in the U.S. means the cost will more than double."

Expect your iPhone to cost much more and don't complain when it does.

The reality is companies are under huge pressure to turn profits. HUGE profits.

That is fine, I don't use an iPhone.

 

[ivwshane]

This is why Trump got into office, blowing smoke up peoples asses telling them how great everything is, if you remember the 90's that was a far better economy than anything today and you pretend liberals have no problem giving the credit for that to Bill Clinton and the great inventor of the internet Al Gore , because back then if you fogged a mirror you had a job, usually with benefits.

Sorry but replacing a 30 dollar an hour job with benefits with three 10 dollar an hour jobs no benefits doesn't mean we are better off because we technically have two more jobs now, but that is how you guys try to spin this bullshit and wonder why your "it's my turn" presidential candidate didn't get the nomination.

You should probably look into the mirror and figure out why everytime a repub gets in the office wages go down and why when a Dem gets into office wages start to improve. Your distortion of reality, much like how you think gore said he invented the internet, is probably a reflection of your poor choices in where you get your news from. While we could point to policies that hurt some segment or other I can point to a party and their policies that have helped the average American, can you do the same for Republicans? Go ahead, name the last policy Republicans passed that helped your average American.

 

[feralkid]

based on???

Pulled out of his Aspen Institute.




.

 

[Jhhnn]

Perhaps he will improve on the fact that the recovery was greatly concentrated in a mere 20 counties in the entire United States. Remove those very few from the equation and the economic picture gets much worse. I don't necessarily think that he will as I don't really know what he will actually do but the 'strong economy' talk has more than a few caveats

http://www.citylab.com/politics/201...recovery-due-to-geographic-inequality/483989/



This. So far this is the second best bull market in history of the US (in large part driven by how far we fell and how bad the rest of the world is doing). Its unlikely this would have continued regardless of who was elected

Thanks for the link. It's a keeper.

While urbanites in growth areas clearly haven't perceived that map very well I think that those adversely affected understand the causes rather poorly.

It's the result of Capitalism & progress itself. It's Big Banking, Walmart, Home Depot, Amazon, Cargill & Monsanto all achieving greater efficiency. That actually means fewer jobs. It's not just about the rust belt but about places that never had much manufacturing to speak of. It's about a higher level of organization in the delivery of goods & services as much as anything else.

Let's face it- every new Walmart is the death knell for many small town businesses. The country of origin of the goods doesn't change that. They & the rest are basically impossible to unionize, as well.

I get that those folks want jobs. I don't get how they believe Trump & the GOP can actually deliver.

 

[First]

Slaves produced a lot of wealth back in the day and Southerners used to say if they were freed it be a net economic negative, you know because people with rights , like citizens or legal immigrants, won't put up with the low wages and other labor abuse that come with it that illegals are expected to just deal with.

I'm all for the undocumented earning citizenship and attaining higher wage bargaining power, so your moot is a bit moot there.

 

[Jaskalas]

Trump will double economic growth, 2% is pathetic.

I'll believe 4% when I see 4%.

 

[Jhhnn]

I'll believe 4% when I see 4%.

More than that, what the middle class needs is sustained growth even if it's not as great as we'd like. Middle class people don't have big enough boats to not be swamped in financial hurricanes the same way as the uber wealthy. Hell- we get swamped in the wakes of the super carriers they command.

 

[sportage]

Republicans screw it up and democrats fix it.
But...
What if no democrat came along to fix it?
What if the GW Bush crash of 2008 had kept on and on and on unto this very day?
What if unemployment had remained double digit?
What is the housing market remained stagnant?
What if GM motors had declared bankruptcy?
What if the banks had continued to screw people out of their homes refusing to refinance?
What if there had never been an president Obama, and YOU had become jobless and homeless and living under a bridge?
I guess if you were living under a bridge with your wife and family, then infrastructure would take on a whole new meaning.
If Trump is going to repair bridges, he might as well put in a underpass wet bar while at it.
That just might come in handy for you Trump people.

Oh boy, do I feel for YOU.
January 20th will be here before we know it, that means you that have voted for Donald have about 60 days before the shit hits the fan within your little delusional world of flying pigs and republicans that give a shit about your piddly middle class lives.

Pass the popcorn. I love a horror movie with a bloody ending.

 

[HamburgerBoy]

2% is healthy. Anything above 3% is considered "bubble" territory.

So does that mean this current 5% growth in household income is a bubble, or a fluke?

 

[Jhhnn]

So does that mean this current 5% growth in household income is a bubble, or a fluke?

It means you're comparing apples to aardvarks.

 

[HamburgerBoy]

It means you're comparing apples to aardvarks.

How are we defining "the economy" here? The OP mentions several indicators of economic success, but I'd argue any of them could be bubbles. If we're just talking about GDP, then OK, sure the overall average works out to roughly 3%, but not all periods of greater growth have equivalent periods of negate growth to off-set them, afaik. In terms of how the average worker benefits from a good economy, GDP obviously isn't the only or best indicator.

 

[amenx]

Strongest economy but look at debt vs GDP. It just keeps going up.

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

So trump will lower the GDP/debt ratio. Got it.

No.. Trump is probably the last guy I would have confidence in to do something about it.

 

[Exterous]

Thanks for the link. It's a keeper.

While urbanites in growth areas clearly haven't perceived that map very well I think that those adversely affected understand the causes rather poorly.

Probably true in a lot of cases and one of the contributing items to Hillary's loss IMO. She didn't really connect with those who had been left behind and a lot of news swirling around was about how well the recovery was going (high stock market\low unemployment etc). Her policies weren't that different than Obama's which was likely to be seen as meaning more of the same decline or snail pace recovery. Trump's message was different and suggested change so when faced with uncertainty or a likely continued path of decline voters chose uncertainty as it appeared to offer a better chance of improvement. Not saying thats right or wrong just my impressions.

Personally I'm highly skeptical that Trump can pull it off. I hope he does but because its good for our country, not because of his political affiliation.

 

[Svnla]

Strongest economy in decades?

Million and million are underemployed = http://time.com/money/4387019/underemployed-jobs/

22 million Americans are unemployed or underemployed = http://www.npr.org/sections/money/2...ion-americans-are-unemployed-or-underemployed

More = http://www.usnews.com/opinion/econo...yment-rate-leaves-the-underemployed-invisible

Note the sources, not FoxNews or WSJ.

 

[Zstream]

Strongest economy in decades?

Million and million are underemployed = http://time.com/money/4387019/underemployed-jobs/

22 million Americans are unemployed or underemployed = http://www.npr.org/sections/money/2...ion-americans-are-unemployed-or-underemployed

More = http://www.usnews.com/opinion/econo...yment-rate-leaves-the-underemployed-invisible

Note the sources, not FoxNews or WSJ.

Stfu and Russians and stuff! 10 trillion dollars for what, 2% growth? Good grief you blind people are worse than sheep. You can improve the economy by adding debt to economy!