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U.S. confidence in economy at lowest point since November

Lafayette

Lafayette

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U.S. confidence in economy at lowest point since November


Excerpt:
Confidence in the U.S. economy is at its lowest point in five months, Gallup reports.
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The polling firm's U.S. Economic Confidence Index was +4 for the week ending April 16, down two points from a week earlier. It's also fallen 12 points from early March when Dow Jones Industrial Average broke through 21,000 for the first time. Since then, the benchmark stock index has fallen 2.7 percent.

Gallup's indicator is back to where it was shortly after President Trump was elected.

Some 33 percent of respondents assessed the economy as good, while 22 percent rated it as poor. But 48 percent of respondents said the economy was getting worse, while 45 percent said it was getting better.

"Americans' assessments of the current state of the economy appear to have had a strong connection to the trajectory of the Dow Jones industrial average in recent months," wrote Gallup analyst Justin McCarthy.

"Positive perceptions of the economy's current health peaked in early March after the stock market made strong gains in January and February, but have since retreated some as the market slipped. Americans' outlook for the economy's future continues to struggle," he said.


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Goodness, who wudda thot that?

After all, Donald Dork promised us magical bounds in job-creation and that he'd Make America Great again ... !
 
WCH said:
I thought the general consensus from the left was that Obama fixed the economy?
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The nations economy was OK until the asswipe orangeman got started with his staple of lies. The majority have wised up.
 
Taxman said:
The nations economy was OK until the asswipe orangeman got started with his staple of lies. The majority have wised up.
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tax and regulation cuts will be huge for the economy if Trump gets enough support to enact big changes in them. Do you understand?
 
Irrelevant.

I think Trump is an absolutely horrific POTUS...especially after he flip flopped on the Fed/Janet Yellen (and just about everything else).

But what the ignorant masses thinks means NOTHING.

They are called 'ignorant' for a good reason...most people are staggeringly clueless about macroeconomic matters. What they think about them is akin to asking a 3 year old what they think about nuclear fission.

The masses were mostly gung ho about the economy right up until the Great Recession...so were most economists and the Federal Reserve. Which just proves how ignorant they all are on the subject.

The ignorant masses believe whatever they are told by either government and/or the MSM. Their opinions - as a group - mean almost nothing to me.

When they elected Donald Trump as POTUS - my incredibly low opinion of them was sealed.


Once again, I have ZERO loyalty to any political party or movement.

Why?

Because I am not that ignorant/gullible.
 
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WCH said:
I thought the general consensus from the left was that Obama fixed the economy?
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Know that because the Replicants in the HofR REFUSED ALL STIMULUS SPENDING (once they took control in 2010) that any "Obama Fixing" of the economy was impossible.

What we got from the Replicants was the colossal stupidity of the "Austerity Spending Delusion". Why?

Because in 2011 HofR Replicants could not give a damn about 10% unemployment - what they wanted was an Obama-exit from the White House in 2012. So, of course, they did not want unemployment rates to lower.

They got that wrong, didn't they? But they insisted nonetheless. So, Americans had to wait four more longggggg years for the economy of its own to start creating jobs in 2014. (Two years earlier than Donald Dork's Electoral College farce.)

And we stoopidly believed in his promise to Make America Great Again? What we got was PotUS who loves spending his week-ends entertaining in Florida ...
 
WCH said:
I thought the general consensus from the left was that Obama fixed the economy?
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You are not familiar with the recent political history of the US. (Which I have already explained in this present forum. Go look for it above.)

And you are unlikely to do so reading comic books ....
 
Lafayette said:
Know that because the Replicants in the HofR REFUSED ALL STIMULUS SPENDING (once they took control in 2010) that any "Obama Fixing" of the economy was impossible.
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100% mistaken and liberal. We had massive govt spending to stimulate the economy and it caused the crash by creating a housing bubble. Republicans understood this so helped the economy straighten out by stopping further such spending.

Recession: The time it takes the free market to correct distortions caused by liberal govt interference.
 
DA60 said:
Once again, I have ZERO loyalty to any political party or movement.
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so you are a communist?? libertarian?? undecided???
 
James972 said:
tax and regulation cuts will be huge for the economy if Trump gets enough support to enact big changes in them. Do you understand?
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As a business man and a tax professional I can say that the idea of cuts to both will do nothing for the working man. The economy is getting stagnant because rumpy has shown his true colors and they are yellow!
 
Taxman said:
As a business man and a tax professional I can say that the idea of cuts to both will do nothing for the working man.
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actually the highest corporate taxes in the world is what drove many of our companies and jobs offshore!! Making sense now??
 
Taxman said:
The economy is getting stagnant because rumpy has shown his true colors and they are yellow!
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care to try that again in good English??
 
WCH said:
I thought the general consensus from the left was that Obama fixed the economy?
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Compared to the last year of Bush, he did.
 
RAMOSS said:
Compared to the last year of Bush, he did.
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so we suffered 8 years of wage decline because libs are content to be ahead of last year of a recession? This is why Barry's recovery was worst since Great Depression!! Barry and FDR prove libsocialism does not work!!
 
Lafayette said:
U.S. confidence in economy at lowest point since November


Excerpt:



Goodness, who wudda thot that?

After all, Donald Dork promised us magical bounds in job-creation and that he'd Make America Great again ... !
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The economy improved, but did not grow past the employee replacement rate. But it bumbled along because Obama was a social concerns president rather than an economic one. Those unfulfilled workers fell into SSDI, SS, and U6 categories where like it or not many are still on one government tit or another.
 
chuckiechan said:
But it bumbled along because Obama was a social concerns president rather than an economic one..
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BS - your understanding of recent economic history is lousy.

Here's what happened:
A RECENT HISTORY OF AMERICAN POLITICS

Many Americans have no notion whatsoever of recent political-economic history of the US since 2008. They are thus blind to factual political history of the nation.

At the very start of the Obama presidency in 2009, he was handed "the economic rot" by a previous Lead-headed Replicant administration largely responsible for having done nothing whatsoever to arrest the Toxic Waste Mess that sparked the Great Recession that year.

Obama spent $875B in 2010, passed by a Dem Congress in the ARRA spending-bill, to spike skyrocketing unemployment at 10%. (Go read the history of the Employment-to-population ratio at the BLS, the knowledge of most Americans are either sadly lacking or have forgot).

That rate could have easily gone to 15% as it did in the Great Depression of the 1930s.

Then, for thanks, only 38% of the American Electorate in 2010 - because Obama could not walk-on-water and stop-dead the Great Recession - voted the Replicants into control of the HofR.

From which the Replicants refused all further Stimulus Spending with their mindless "Austerity Budgeting" - the sole and unique reason for which exiting the Great Recession took America 3-years longer than otherwise necessary.

The Replicant-strategy was, "High unemployment to seal Obama's fate in the 2012 PotUS elections". Didn't work, did it?

But they maintained control of the HofR, from which they have steadfastly refused any and all further spending to accelerate the US out of the worst recession since the 1930s.

Which is why economic under-performance has dragged on so very long since 2008 - all started by a previous Replicant Administration

The Replicant Party and Ronald Reagan are the two worst things to have happened in American Politics over the past century ...
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Lafayette said:
BS - your understanding of recent economic history is lousy.... they have steadfastly refused any and all further spending to accelerate the US out of the worst recession since the 1930s.

:
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spending does stimulate but taxing to get the money destimulates so no net gain is possible! Econ 101. sorry to rock your world.
 
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