AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jul 18, 2019 15:32:37 GMT -5
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dondub
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Post by dondub on Jul 18, 2019 15:36:20 GMT -5
I'm quite enjoying that the Obama bull market and economic recovery from the depths of the RepoCrash despair has continued apace for Trump.
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djAdvocate
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Post by djAdvocate on Jul 18, 2019 18:57:15 GMT -5
congratulations. he is only slightly behind Obama's 3.8% YOY recorded in March 2015, and 5th best since 2000.
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dondub
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Post by dondub on Jul 18, 2019 19:08:10 GMT -5
Just think how well Obama would have done if he wasn't "waterboarding the American economy" with his "anti-business" policies.
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giramomma
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Post by giramomma on Jul 18, 2019 20:40:52 GMT -5
An extra $32 a week...Totally on my way to being 1% rich off that increase..
Definitely hookers and blow time...
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happyhoix
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Post by happyhoix on Jul 19, 2019 7:04:42 GMT -5
Trump may have maintained the Obama pace if it wasn't for the ham handed way he is dealing with trade. He has negatively affected what would have been even more torrid growth with the Obama recovery. The other thing he is doing is hamstringing the tools to tweak the economy when it inevitably reaches a correction point. He is doing all that he can to lower rates too far, he is fueling record deficits and he is leaving us very vulnerable and weak. Unlike one of his companies, the US can't just declare bankruptcy. The other wild card is his reckless and very dangerous foreign policy, if it can be called that. We have flash points now in SE Asia, the Korean Peninsula and the Persian Gulf. We could easily tumble into economic trouble and war at the same time. Given his predelictions though, Trump may actually welcome that and use it for his populist and destructive ends. Yep. Lost in all the stupid name calling about the congresswomen Trump is currently at war with is the fact that we shot down an Iranian drone yesterday.
We're not going to deliberately go to war, but Trump's going to accidentally drag us into one.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jul 19, 2019 7:19:10 GMT -5
congratulations. he is only slightly behind Obama's 3.8% YOY recorded in March 2015, and 5th best since 2000. Link?
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happyhoix
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Post by happyhoix on Jul 19, 2019 7:27:00 GMT -5
congratulations. he is only slightly behind Obama's 3.8% YOY recorded in March 2015, and 5th best since 2000. Link? You won't like it. It won't be from the conservativenuthouse.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jul 19, 2019 11:56:44 GMT -5
You won't like it. It won't be from the conservativenuthouse. That's a no, then. Thank you.
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djAdvocate
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Post by djAdvocate on Jul 19, 2019 12:50:10 GMT -5
You won't like it. It won't be from the conservativenuthouse. FRED.
the best place on earth to check US economic stats.
bar....none.
fred.stlouisfed.org/series/A191RO1Q156NBEA
but I don't know why I bother. team red does not live in the fact based universe any more.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jul 19, 2019 16:29:33 GMT -5
You won't like it. It won't be from the conservativenuthouse. FRED.
the best place on earth to check US economic stats.
bar....none.
fred.stlouisfed.org/series/A191RO1Q156NBEA
but I don't know why I bother. team red does not live in the fact based universe any more.
So, let's see... Trump was sworn in 2017, it's been 30 months- is that correct? So, we're looking at Obama July 2011, right? You don't mind if I compare Apples to Apples, do you? I'll look it up.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jul 19, 2019 16:49:05 GMT -5
Ok, so here we are- it's basically a tie, though Trump did do better. Wages under Obama from his election to this same point in his presidency grew $1.14 (Average Hourly Earnings All Employees- Private), and under Trump, they have gone up a little higher- $1.92.
Average Hourly Wage All Employees - Private started at $21.97 and grew to $23.11 (5.2%) under Obama, and Under Trump, from $25.98 to $27.90 (7.4%). Feel free to check my math.
Not 100% sure if this is the chart you were looking at-- but you liked it on another thread, so there you are. Your post also ignores other factors which make the current number a more meaningful positive-- the CPI averaged 1.8% over the same period so wages are outpacing inflation and that means workers have more disposable income- which could help explain why consumer sentiment is high on job and economic security- and the...wait for it...it's my favorite..."unexpected" strength in retail sales.
A hot job market, rising wages (outpacing inflation), a middle class with more money in their pockets does sort of explain that 3.8% growth in retail sales.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jul 19, 2019 16:49:32 GMT -5
Oh, and I already shared all the relevant links in the OP.
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dondub
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Post by dondub on Jul 19, 2019 16:58:30 GMT -5
I like this one:
DJIA under Obama through July 19, 2011 UP 58.35%...while "waterboarding the American economy" according to the chronically incorrect. under Trump up 36.99%
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tbop77
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Post by tbop77 on Jul 22, 2019 6:52:54 GMT -5
Tell us how, in this great economy, the US spends a TRILLION dollars a year more than it take in? Oh yeah, just like health care and everything else, he's going to pay off the debt AFTER the 2020 elections.
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happyhoix
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Post by happyhoix on Jul 22, 2019 6:57:33 GMT -5
I like this one:
DJIA under Obama through July 19, 2011 UP 58.35%...while "waterboarding the American economy" according to the chronically incorrect. under Trump up 36.99% It was kind of amazing how all the people on this board who bitched about the terrible Obama economy suddenly found the economy to be stellar just a few months after Trump got elected.
Same damn economy - and been the same for the last couple years, and yet Trump tries to claim he did it all himself.
When the inevitable recession hits, let's watch Trump try to explain how that was just a delayed reaction to Obama's waterboarding....
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tbop77
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Post by tbop77 on Jul 23, 2019 17:21:51 GMT -5
MAGAanomics: Spend spend, spend! The deal, which still must clear Congress, ends the automatic budget cuts enacted as a result of a showdown over the debt limit in 2011, when the new Republican majority in the House held federal borrowing authority hostage until President Barack Obama agreed to a spending straitjacket.
The automatic spending cuts known as the sequester were intended to provide an incentive to cut a bipartisan grand bargain on reducing the national debt, but those efforts were buried long ago. www.bloomberg.com/news/articles/2019-07-23/trump-shoves-aside-deficit-worries-in-debt-deal-with-pelosi
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djAdvocate
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Post by djAdvocate on Jul 23, 2019 17:25:18 GMT -5
MAGAanomics: Spend spend, spend! The deal, which still must clear Congress, ends the automatic budget cuts enacted as a result of a showdown over the debt limit in 2011, when the new Republican majority in the House held federal borrowing authority hostage until President Barack Obama agreed to a spending straitjacket.
The automatic spending cuts known as the sequester were intended to provide an incentive to cut a bipartisan grand bargain on reducing the national debt, but those efforts were buried long ago. www.bloomberg.com/news/articles/2019-07-23/trump-shoves-aside-deficit-worries-in-debt-deal-with-pelosithey were working until about 2015. the deficit was cut by more than 50%. of course, the GOP has been in charge since then. thus....we are right back to having trillion dollar deficits.
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dondub
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Post by dondub on Jul 23, 2019 17:35:06 GMT -5
Thank Dawg they are fiscally conservative or it might be 2 trillion!
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tbop77
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Post by tbop77 on Jul 26, 2019 7:27:14 GMT -5
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djAdvocate
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Post by djAdvocate on Jul 26, 2019 11:04:25 GMT -5
this is a pattern with the GOP.
the ONLY time they do anything about the deficit is when it is NOT their president.
when their guy is in charge, there is no limit to the fiscal irresponsibility.
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OldCoyote
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Post by OldCoyote on Jul 27, 2019 22:37:48 GMT -5
Just think how well Obama would have done if he wasn't "waterboarding the American economy" with his "anti-business" policies. Under this new plan, electric bills will necessarily skyrocket. Investing government money in to Solyndra,, That was brilliant!! Bailing out GM,, and building the Volt!!!
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OldCoyote
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Post by OldCoyote on Jul 27, 2019 22:43:15 GMT -5
Government Motors only lost at least $10,000 on every Volt sold! Way to go Obama,, another brilliant move! Yea, to boost sales they sold these **** Volts to ourselves,,, the Government,,
Wonder how many diplomats were left sitting on the side of the road when these broke down??
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tbop77
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Post by tbop77 on Jul 28, 2019 8:01:56 GMT -5
We're spending a trillion dollars more a year than we take in, no fuss, no muss....raise that debt limit, no problem! And conservatives are still "BUT OBAMA"
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djAdvocate
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Post by djAdvocate on Jul 28, 2019 11:47:01 GMT -5
I like this one:
DJIA under Obama through July 19, 2011 UP 58.35%...while "waterboarding the American economy" according to the chronically incorrect. under Trump up 36.99% It was kind of amazing how all the people on this board who bitched about the terrible Obama economy suddenly found the economy to be stellar just a few months after Trump got elected.
Same damn economy - and been the same for the last couple years, and yet Trump tries to claim he did it all himself.
When the inevitable recession hits, let's watch Trump try to explain how that was just a delayed reaction to Obama's waterboarding....
it wasn't just this board. this was a NATIONAL phenomena. and if you think about it carefully, it explains almost everything you need to know about Trump supporters.
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mroped
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Post by mroped on Jul 28, 2019 12:06:07 GMT -5
Ok, so here we are- it's basically a tie, though Trump did do better. Wages under Obama from his election to this same point in his presidency grew $1.14 (Average Hourly Earnings All Employees- Private), and under Trump, they have gone up a little higher- $1.92. Average Hourly Wage All Employees - Private started at $21.97 and grew to $23.11 (5.2%) under Obama, and Under Trump, from $25.98 to $27.90 (7.4%). Feel free to check my math. Not 100% sure if this is the chart you were looking at-- but you liked it on another thread, so there you are. Your post also ignores other factors which make the current number a more meaningful positive-- the CPI averaged 1.8% over the same period so wages are outpacing inflation and that means workers have more disposable income- which could help explain why consumer sentiment is high on job and economic security- and the...wait for it...it's my favorite..."unexpected" strength in retail sales. A hot job market, rising wages (outpacing inflation), a middle class with more money in their pockets does sort of explain that 3.8% growth in retail sales. The only difference is that Obama didn’t do all those increases by giving a tax cut but by pumping money into the economy all the while he had to deal with massive unemployment. If hands are plenty available then the wages won’t grow because employers have choices and can name their price. Trump has low unemployment therefore a shortage in available hands, a time when the employee names a price which in turn should lead to wage increases. I don’t see it happening g!
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mroped
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Post by mroped on Jul 28, 2019 12:09:43 GMT -5
From here on to the end of his term we will truly be in “trump water” Will see how good of a “deal maker” he is because until now he rode the coattails of Obama’s policies which it appears that he is set on destroying.
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djAdvocate
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Post by djAdvocate on Jul 28, 2019 12:24:54 GMT -5
Ok, so here we are- it's basically a tie, though Trump did do better. Wages under Obama from his election to this same point in his presidency grew $1.14 (Average Hourly Earnings All Employees- Private), and under Trump, they have gone up a little higher- $1.92. Average Hourly Wage All Employees - Private started at $21.97 and grew to $23.11 (5.2%) under Obama, and Under Trump, from $25.98 to $27.90 (7.4%). Feel free to check my math. Not 100% sure if this is the chart you were looking at-- but you liked it on another thread, so there you are. Your post also ignores other factors which make the current number a more meaningful positive-- the CPI averaged 1.8% over the same period so wages are outpacing inflation and that means workers have more disposable income- which could help explain why consumer sentiment is high on job and economic security- and the...wait for it...it's my favorite..."unexpected" strength in retail sales. A hot job market, rising wages (outpacing inflation), a middle class with more money in their pockets does sort of explain that 3.8% growth in retail sales. The only difference is that Obama didn’t do all those increases by giving a tax cut but by pumping money into the economy all the while he had to deal with massive unemployment. If hands are plenty available then the wages won’t grow because employers have choices and can name their price. Trump has low unemployment therefore a shortage in available hands, a time when the employee names a price which in turn should lead to wage increases. I don’t see it happening g! i already posted this before. real wage growth has been on a steady downtrend for FOUR YEARS
www.forbes.com/sites/patrickwwatson/2018/09/25/real-wage-growth-is-actually-falling/#1a9d8c1b7284
before you start lighting your hair on fire, this is from Forbes, not some whacked out left wing blog.
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mroped
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Post by mroped on Jul 28, 2019 16:29:05 GMT -5
Dj I believe that Forbes has already been classified as “left leaning media” or “fake news” already so don’t expect anybody to believe that. If Conservative Treehouse doesn’t publish it then it is not news!😂
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OldCoyote
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Post by OldCoyote on Jul 28, 2019 19:07:51 GMT -5
I like this one:
DJIA under Obama through July 19, 2011 UP 58.35%...while "waterboarding the American economy" according to the chronically incorrect. under Trump up 36.99% It was kind of amazing how all the people on this board who bitched about the terrible Obama economy suddenly found the economy to be stellar just a few months after Trump got elected.
Same damn economy - and been the same for the last couple years, and yet Trump tries to claim he did it all himself.
When the inevitable recession hits, let's watch Trump try to explain how that was just a delayed reaction to Obama's waterboarding....
You thought it was ok then, we think t is ok now,, what is the difference.
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