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U.S. Added 266,000 Jobs in November; Unemployment at 3.5%

Kushinator said:
Markets are currently being juiced by an unofficial form of quantitative easing. Such monetary stimulus is sure to show up in liquid asset markets, i.e. top-rated U.S. dollar denominated equities and fixed incomes. Economic growth is being driven by deficits and easing a.k.a. fiscal and monetary stimulus! The unemployment rate currently sits at 3.6% and deficit growth is likely to push us to $1.1 trillion for FY 2020 while the 10-year Treasury trades south of 2%. Very similar to the 2011-2015 trend other than a most striking difference: the deficits fell dramatically.

Big government conservatism at it's finest. :lol:
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Now all of a sudden this concern about the deficit which this time is occurring almost solely due to debt service and entitlement spending growth and totally ignoring that the American people have more spendable income due to the tax cuts. That didn't happen under Obama, that was true juicing of zero interest rates and massive gov't spending through the stimulus.

Reality sucks, doesn't it especially now that you blue state liberals are having to pay for your big blue state liberal social spending due to deductions in the amount of state and local taxes that fund those programs as deductions from your federal returns.
 
Conservative said:
So, 19k to 27.9k in three years is a problem for you? You really have no understanding of investing, do you? Biggest trade deal in history just past the House and of course this all is due to Pelosi and has nothing to do with Trump?
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Biggest trade deal in history according to Trump and his tweeting thumbs?
 
Conservative said:
Now all of a sudden this concern about the deficit
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There is no excuse for $1 trillion deficits with the unemployment rate at 3.6%.

which this time is occurring almost solely due to debt service and entitlement spending growth
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Your partisan opinion will be taken with a grain of salt.

Totally ignoring that the American people have more spendable income due to the tax cuts.
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That's the point of fiscal stimulus... To put money into the system without having to tax it at the rate necessary to cover the costs.

That didn't happen under Obama, that was true juicing of zero interest rates and massive gov't spending through the stimulus.
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The economy needed fiscal and monetary stimulus at that time. You called for deficit reduction during the most necessary periods... hence you are a hypocrite. Your opinions on the matter carry no value.
 
Dittohead not! said:
Biggest trade deal in history according to Trump and his tweeting thumbs?
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And according to the House but keep ignoring the reality that an increase from 19k to 28 k in 3 years is incredible investment performance in the stock market. Your problem is you cannot understand or do not understand basic economics and the private sector
 
Kushinator said:
There is no excuse for $1 trillion deficits with the unemployment rate at 3.6%.



Your partisan opinion will be taken with a grain of salt.



That's the point of fiscal stimulus... To put money into the system without having to tax it at the rate necessary to cover the costs.



The economy needed fiscal and monetary stimulus at that time. You called for deficit reduction during the most necessary periods... hence you are a hypocrite. Your opinions on the matter carry no value.
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Your party controls the House to submit a lower budget? Fat Chance as their entire agenda is creating dependence through spending.

The rest of your post is typical bull**** from you that ignores my post completely. You have no understanding of the line items in the budget and you obviously have no understanding of the difference between gov't spending stimulus(Obama) which adds to the deficit or personal consumer spending(Trump tax cuts) that doesn't. Tax cuts don't cause deficits spending does and that is Congressional responsibility. Keep showing how partisan and clueless you are for a so called independent
 
Conservative said:
Your party controls the House to submit a lower budget? Fat Chance as their entire agenda is creating dependence through spending.

The rest of your post is typical bull**** from you that ignores my post completely. You have no understanding of the line items in the budget and you obviously have no understanding of the difference between gov't spending stimulus(Obama) which adds to the deficit or personal consumer spending(Trump tax cuts) that doesn't. Tax cuts don't cause deficits spending does and that is Congressional responsibility. Keep showing how partisan and clueless you are for a so called independent
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I’m always amazed at certain self proclaimed economic experts who were very, very concerned about debt and deficits up until early November 2016.
 
Threegoofs said:
I’m always amazed at certain self proclaimed economic experts who were very, very concerned about debt and deficits up until early November 2016.
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It's why these folks have zero credibility.
 
Conservative said:
Your party controls the House to submit a lower budget? Fat Chance as their entire agenda is creating dependence through spending.
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House democrats didn't run under the premise of reducing spending. Hence, your post doesn't align with the political reality in the HOR.

The rest of your post is typical bull**** from you that ignores my post completely. You have no understanding of the line items in the budget and you obviously have no understanding of the difference between gov't spending stimulus(Obama) which adds to the deficit or personal consumer spending(Trump tax cuts) that doesn't. Tax cuts don't cause deficits spending does and that is Congressional responsibility. Keep showing how partisan and clueless you are for a so called independent
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You've been crystal clear for years about your hypocrisy. Deficts only matter to you when Republicans lose their power grip. House Republicans obsessed over deficits during the initial stages of the economic recovery only to turn an about face. And we know why... You can't run under the mantra of deficit reduction via spending cuts when the overwhelming majority of economic growth is attributable to deficits in the first place.

Partisan hypocrisy is all you bring to the table.
 
Re: U.S. Adds 266,000 Jobs in November

Phys251 said:
Most people such as yourself who suffer from TDS feel entitled not to be held accountable for their words. :)
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The symptoms gripping those who suffer from TDS describe your condition, not mine.
 
Threegoofs said:
I’m always amazed at certain self proclaimed economic experts who were very, very concerned about debt and deficits up until early November 2016.
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You are so right, Obama's results blow Trump away

Obama vs. Trump

9.3 trillion added to the debt in 8 years, Trump less than two trillion in 2 years

9.3% U-6, Trump 7.0%

4.2 trillion in GDP growth of which 842 billion was stimulus in 8 years, Trump 2.4 trillion in less than 3

7.7% African American Unemployment Trump 5.5%

146 million employed to 152 million in 9 years, Trump 152 million to 156.6 million in 3

Yes, I can see how well Obama did vs. Trump, how could I be so blind to reality?
 
Kushinator;1071013432]House democrats didn't run under the premise of reducing spending. Hence, your post doesn't align with the political reality in the HOR.
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Have you figured out yet how much Mandatory spending was added to the debt during the first three years of Trump? Seems you also have a problem understanding "juicing of the economy" thus the difference between quantitative easing with zero interest rates vs. tax cuts with rising interest rates.

You've been crystal clear for years about your hypocrisy. Deficts only matter to you when Republicans lose their power grip. House Republicans obsessed over deficits during the initial stages of the economic recovery only to turn an about face. And we know why... You can't run under the mantra of deficit reduction via spending cuts when the overwhelming majority of economic growth is attributable to deficits in the first place.
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What you have been crystal clear of is that you have no idea or clue as to what you are talking about. There is quite a bit of difference between Trump's debt and Obama's but it is a waste of time explaining it to you however I assure you that interest expense and entitlement spending was part of the problem. It also seems to be a problem for you paying more in Federal Income Taxes due to the inability to deduct entirely your state and local taxes which fund those so called great liberal social programs

Partisan hypocrisy is all you bring to the table.
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Yes, people keeping more of what they earn is a real problem for you
 
Threegoofs said:
I’m always amazed at certain self proclaimed economic experts who were very, very concerned about debt and deficits up until early November 2016.
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Democrats control the House thus the purse strings, so tell me how they are addressing the spending problem and what are the proposals from "your" candidates running for the Presidency that will reduce the deficits?

Do you have any idea what makes up the deficit each year and what mandatory and discretionary spending is?

It is amazing how people like you are so poorly educated on the budget totally ignoring the taxes you pay and their purpose.

I gave you the Trump vs. Obama performance that obviously you are going to ignore so again what is it about liberalism that creates your kind of loyalty?
 
Conservative said:
And according to the House but keep ignoring the reality that an increase from 19k to 28 k in 3 years is incredible investment performance in the stock market. Your problem is you cannot understand or do not understand basic economics and the private sector
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at least I do understand that the economy is within the private sector, and that the president has no control over it. I also understand that the country experienced a deep recession in 2008, and has gradually been climbing out of it since then. There were no sudden growth spurts, just normal ups and downs and (thankfully, so far at least) a steady growth.
 
Dittohead not! said:
at least I do understand that the economy is within the private sector, and that the president has no control over it. I also understand that the country experienced a deep recession in 2008, and has gradually been climbing out of it since then. There were no sudden growth spurts, just normal ups and downs and (thankfully, so far at least) a steady growth.
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You know what you think you know and totally lack understanding of leadership. The country experienced a deep recession caused by both the Democrats and the Republicans. Democrats saw a way to re-take the WH, ran a Candidate that told you what you wanted to hear, then generated the worst recovery from a recession in modern history all simply because he like you didn't understand the private sector. His bail out of the unions and teachers show that reality and then when his stimulus failed rather than follow up he went on to ACA. this cost him the House in 2010, 4 million fewer votes in 2012, lost the Congress in 2014 and both the Congress and the WH in 2016. Reality sucks, doesn't it
 
Conservative said:
You know what you think you know and totally lack understanding of leadership. The country experienced a deep recession caused by both the Democrats and the Republicans. Democrats saw a way to re-take the WH, ran a Candidate that told you what you wanted to hear, then generated the worst recovery from a recession in modern history all simply because he like you didn't understand the private sector. His bail out of the unions and teachers show that reality and then when his stimulus failed rather than follow up he went on to ACA. this cost him the House in 2010, 4 million fewer votes in 2012, lost the Congress in 2014 and both the Congress and the WH in 2016. Reality sucks, doesn't it
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Reality does indeed suck for the Trump supporters who keep trying to maintain that he's the reason the country is no longer in a recession. That's why they keep making up stuff like what you just posted.
 
Dittohead not! said:
Reality does indeed suck for the Trump supporters who keep trying to maintain that he's the reason the country is no longer in a recession. That's why they keep making up stuff like what you just posted.
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Oh, by the way how do you explain the Stock Market reaction to Trump's victory on the day after the election and then after his Inauguration, going away gift to Obama? Interesting how the business community doesn't buy your belief that the President doesn't impact the economy and supports the contention that Presidential leadership does indeed impact private sector actions. Trump didn't revoke Obama's anti Growth EO's? Trump didn't reduce regulations and propose the tax cuts? Trump didn't increase spending to rebuild our military?
 
Conservative said:
Oh, by the way how do you explain the Stock Market reaction to Trump's victory on the day after the election and then after his Inauguration, going away gift to Obama? Interesting how the business community doesn't buy your belief that the President doesn't impact the economy and supports the contention that Presidential leadership does indeed impact private sector actions. Trump didn't revoke Obama's anti Growth EO's? Trump didn't reduce regulations and propose the tax cuts? Trump didn't increase spending to rebuild our military?
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Please either look at the stock market graph I posted, or post a Trumpified version showing a sudden jump when Trump was elected.
 
Conservative said:
You are so right, Obama's results blow Trump away

Obama vs. Trump

9.3 trillion added to the debt in 8 years, Trump less than two trillion in 2 years

9.3% U-6, Trump 7.0%

4.2 trillion in GDP growth of which 842 billion was stimulus in 8 years, Trump 2.4 trillion in less than 3

7.7% African American Unemployment Trump 5.5%

146 million employed to 152 million in 9 years, Trump 152 million to 156.6 million in 3

Yes, I can see how well Obama did vs. Trump, how could I be so blind to reality?
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Funny, I mention ‘debt and deficits’ and you vomit up a post that pointedly avoids both terms.

Pathetic.
 
Dittohead not! said:
Please either look at the stock market graph I posted, or post a Trumpified version showing a sudden jump when Trump was elected.
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Don't have to look at your charts, I have posted the data many times and still you refuse to answer the question, why did the stock market react as it did to the Trump election since Presidents have no control on the economy?

Election Day 18.25
Day after election 18.6 +2%

Inauguration Day 19.8 +8%

DOW today 27.85 +35%

35% increase on the DOW PLUS any dividends created. Not a bad return on investment and something you cannot seem to explain
 
Threegoofs said:
Funny, I mention ‘debt and deficits’ and you vomit up a post that pointedly avoids both terms.

Pathetic.
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Interesting how you ignored the data, Debt is addressed in the very first data point. Suggest you pay closer attention to the data and the context offered in subsequent posts. Americans have more spendable income today, Stock market up 35% since inauguration day, SS and Debt service up due to 7 interest rate hikes, no quantitative easing created by the FED, record state and local revenue growth due to consumer spending. You just cannot bring yourself to credit Trump for any of the data. Why such loyalty to liberalism? what benefits are you receiving from the liberal ideology?
 
Conservative said:
Interesting how you ignored the data, Debt is addressed in the very first data point. Suggest you pay closer attention to the data and the context offered in subsequent posts. Americans have more spendable income today, Stock market up 35% since inauguration day, SS and Debt service up due to 7 interest rate hikes, no quantitative easing created by the FED, record state and local revenue growth due to consumer spending. You just cannot bring yourself to credit Trump for any of the data. Why such loyalty to liberalism? what benefits are you receiving from the liberal ideology?
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Oh, right.

The mention that the US has been increasing debt by roughly 1trillion per year for the last ten years.

But that’s concerning for the first 8 years, and apparently no big deal now.

[emoji849]

Let’s graphically illustrate your absurd point:

b62f9a6b679df07ab7b6363549cca1dd.jpg
 
Threegoofs said:
Oh, right.

The mention that the US has been increasing debt by roughly 1trillion per year for the last ten years.

But that’s concerning for the first 8 years, and apparently no big deal now.

[emoji849]

Let’s graphically illustrate your absurd point:

b62f9a6b679df07ab7b6363549cca1dd.jpg
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And debt really bothers you now, why? You have no idea what constitutes the debt and simply are using it to demonize Trump but what you are doing is showing your own ignorance. what effect did 7 interest rate hikes in 2017-2018 have on the deficits that then were added to the debt? What effect did the mandatory entitlement spending which is outside the control of the President have on the deficit thus the debt?

Any idea what funds the discretionary part of the budget and how much was generated in 2017-2019 vs. the amount of Discretionary spending in 2017-2019?

Sure wish you would stop letting the radical left make a fool out of you
 
Conservative said:
And debt really bothers you now, why? You have no idea what constitutes the debt and simply are using it to demonize Trump but what you are doing is showing your own ignorance. what effect did 7 interest rate hikes in 2017-2018 have on the deficits that then were added to the debt? What effect did the mandatory entitlement spending which is outside the control of the President have on the deficit thus the debt?

Any idea what funds the discretionary part of the budget and how much was generated in 2017-2019 vs. the amount of Discretionary spending in 2017-2019?

Sure wish you would stop letting the radical left make a fool out of you
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Given that you seem to be OK with FRED consistently making a fool of you... you might want to remove that plank from your eye.


Let’s do it again!

b98c0f9474162d7547471bbc95fe35f3.jpg
 
Threegoofs said:
Given that you seem to be OK with FRED consistently making a fool of you... you might want to remove that plank from your eye.


Let’s do it again!

b98c0f9474162d7547471bbc95fe35f3.jpg
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No, the context is what makes a fool out of you because you ignore it, you have no idea what the line items are in the budget and what taxes fund those line items. the left loves poorly informed people like you
 
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