America's Real Economy: It Isn't Booming.

So here is one of the biggest issues I have with the so-called booming economy and its impact on the Electorate. Its the polling data.

The biggest polling misses (from a full fledged member from the Dark Side) are not the hidden Trump or silent, too afraid to admit it Trump base. The biggest polling miss whether its about optimism over future Economic outlook or current Economic situation is the underserved in this country.

The biggest miss in political polling generally is a better shot at fleshing out the Undecideds. That however is a bit off topic.

Since the topic is the Economy or "Booming Economy" and we are in a forum titled DebatePolitics, what is now a huge underserved population of poor and lower middle class citizens struggling with either two or one head of household working two and three jobs just to make ends meet not only become under represented in polls but the easiest targets for voter suppression efforts. It is very difficult for any polling effort which is in truth a Marketing effort to get to those citizens effectively. In fact, Marketeers are not really trained to find them or even to try to find them. It is even difficult if you do find them to get them to answer polling questions designed to inform polling analysts about the demographic breakdown in their polling effort.

I am not saying I know how that group is going to break in 2020 nor even what percentage will come out to vote. I do know that if they were working two or three jobs to make ends meet four years ago and are on the same treadmill now, that will be a tough sell for DonDon regardless of where the Dow is trading. Trump is the guy that claimed all these changes would happen very quickly. Nobody dug that hole for him but Donald himself.

The Truth's that Frighten Many... into devoting themselves to Denial of Truths Realism's.

ocean515 said:

The purpose of your insults and attacks is what, to feel better, or to demand a change in thinking?

Click to expand...

Simply comparing humane actions to acting like an asshole is not insulting or an attack, unless someone identifies with the latter. And, that would be a personal decision.

snakestretcher said:

Was I talking to you?

Click to expand...

Yes. It's a public board.

I was drawn to this thread by the lie in it's title and in the OP.

And then I saw your claim about demands and the denial of them.

So what is the purpose of the attacks and insults? I think people do that to feel superior about their position and to try and get the victim to change their position.

calamity said:

Simply comparing humane actions to acting like an asshole is not insulting or an attack, unless someone identifies with the latter. And, that would be a personal decision.

Click to expand...

I guess you're exercising a personal decision to prove you don't know what you are talking about.

joko104 said:

Why not just admit you have no response to proof the OP claim is just outright typical Democrat corporate-fascist lie?

Click to expand...

Here is another article that proves the OP:

It’s actually much worse than that. According to the Bureau of Labor Statistics, recent wage data has been more alarming than cooperative. Just this week, the BLS reported that nominal compensation per hour in the private sector rose at an annual rate of 2.6% in Q1 2019 from Q4 2018. More importantly, the 4-quarter average is now just 2.5%, down from a peak of 4.0% reached in Q3 2017.

All the while the unemployment rate has been below 4%, businesses are not overly competitive about workers. Instead, quite the opposite, it appears there has been an increase in slack above what clearly must still remain. Nominal compensation is exactly where this wage explosion would show up – if the unemployment rate was anywhere close to accurate.

Other estimates for labor and wages take a step farther in the other direction. Unit Labor Costs, for one, were basically the same in Q1 2019 as they were in Q1 2018. How is that possible when the unemployment rate has been stuck so far below what Economists and central bankers believe is full employment? And not just for a couple months, for almost four years.

The 4-quarter average annual increase in unit labor costs is now just 0.9%. When the unemployment rate was last around 4% back in 2007, unit labor costs were rising at an average of more than 3%. When the unemployment rate was last 3.7% in early 2000, unit labor costs jumped 4.4%.

Last year was a total wipeout as far as the widespread claim for this labor shortage, and this year has started out even more the wrong way.

Wages and inflation are more esoteric concepts. Income is not. After all, if the economy is booming more people get paid and people already getting paid get paid more. Incomes would truly be robust.

Income growth in 2018 was stuck at about half of what it was in 2014 and now in 2019 there is the hint of recession a quarter of the way through the year. Incomes are down from last year. Not the rate, but in absolute terms.

Real Personal Income excluding Transfer Receipts was $13.76 trillion (seasonally adjusted annual rate) in December. That estimate was boosted a little by a one-time dividend payment. Even so, in January 2019 Real Personal Income was $13.67 trillion. As of the latest figures for March, the same is now $13.65 trillion. This is not a data series where you are supposed to find any minus sign no matter how small, especially not one that spans three months.

No inflation, no wages, and now no income growth. You have to begin to wonder what the unemployment rate might’ve gotten right. How about the financial system’s repair job?

Click to expand...

chuckiechan said:

And to combat those low wages, America refuses to close the borders allowing more even poorer, more desperate citizens of the world.

Click to expand...

Illegals is not America's biggest problem... they are simply a scapegoat to take attention from the "greed mongers" that manipulate the masses.. into looking for someone to blame. Hitler did the same thing within Germany... his aim at Autocracy and Plutocracy for the wealthy to control over the masses, led it to engage the worst of human atrocity upon and against society.
people bought into it then, based on their own vanity and desires to covet as much as they could for their vain aspirations, they became a cheering section for the debauchery of and against Humanity.

The same as Hitler launched an attack posture and active agenda against many nations, so to is this the same we are seeing of this Republican system, its Republican agenda and the vile of an Autocratic driven Plutocrat, who worships money, power and imperialist agenda... against the nations of the world and upon the population segments that do not support such vile and malice driven aims of autocratic policy and plutocratic devotion of the lusting for vain glory, vain power and the obsession with money.

This "Trump Presidency and Republican Senate and the Republican Followers will go down in History as among the greatest atrocities of a Nation, that once held the hope that once inspired the world.

RealityNow said:

The Truth's that Frighten Many... into devoting themselves to Denial of Truths Realism's.

Click to expand...

"Tariff Revenue" is a literal oxymoron. Its another laughable Turmpian fantasy designed to engender more enthusiasm from his ghoulish base to help make them forget that they are being robbed blind.

It is however a tax. Its the flattest tax anybody ever heard of. But the result is NOT increased revenue. The end result is the exact opposite of increased revenue.

ocean515 said:

I guess you're exercising a personal decision to prove you don't know what you are talking about.

Click to expand...

irony

Luckyone said:

Here is another article that proves the OP:

Click to expand...

I think (but have seen little proof in your posts) that you know better. If you really are in the finabce industry any basic understanding would say that productivity driving down unit costs is a good thing and allows for wage growth with little inflation. Thus the Fed's inability to drive inflation above 2%.

snakestretcher said:

Yes, I have a daughter and grandchildren. I would support her throughout her life should it be necessary. Unlike some I'm not a self-serving, greedy individual who believes their 'perfect' life is superior to anyone else's. People make mistakes and I'm not going to condemn them for that; and for your information (and no doubt disgust), I have also helped complete strangers when I perceived a need. It's called altruism; a concept entirely foreign to conservatives who think of nothing but themselves, their cash and quid pro quo.
By the way, where have I made any demands whatsoever?

Click to expand...

You completely avoided my point didnt you and resorted to personal attacks to cover it up. Lets try again. You have a child who continues to make poor decisions, uses money you supply to buy drugs, alcohol, gambling etc and despite your best efforts to change his behavior, he continues to take the money you give him to engage in self destructive behavior. Despite your moral preening, you would eventually wake up and discover your wealth is being squandered and you are acting as nothing more than an enabler to your own worthless offspring. You would cut him off, yet you demand that society as a whole continue to do the opposite with complete strangers. Of course you will never admit this because it would drive a stake in the heart of your altruist pretenses.

chuckiechan said:

And to combat those low wages, America refuses to close the borders allowing more even poorer, more desperate citizens of the world.

Click to expand...

Oh gosh, secure the hatches! Teh poorz izz gunna take are high technology jobz, and teh desperate...zomg they must be rapists with calves the size of cantaloupez!!
On the one hand you crow about this supposedly great economy but on the other you act as if there aren't enough jobs for Americans.
One of these statements is distorted, which one is it?

Fletch said:

You completely avoided my point didnt you and resorted to personal attacks to cover it up. Lets try again. You have a child who continues to make poor decisions, uses money you supply to buy drugs, alcohol, gambling etc and despite your best efforts to change his behavior, he continues to take the money you give him to engage in self destructive behavior. Despite your moral preening, you would eventually wake up and discover your wealth is being squandered and you are acting as nothing more than an enabler to your own worthless offspring. You would cut him off, yet you demand that society as a whole continue to do the opposite with complete strangers. Of course you will never admit this because it would drive a stake in the heart of your altruist pretenses.

Click to expand...

Who have I personally attacked; you? Did I mention or even refer to you? Whom I choose to help and why are none of your damn business frankly. What was your question again?

Mycroft said:

And look at who is fighting Trump: Wall Street (globalist corporations), their bankers, their lobbyists and the bought and paid for political leaders.

Click to expand...

Oh krap and here I thought all along it was libtards with TDS.
Sigh, I'll get it right one of these days.

chuckiechan said:

And to combat those low wages, America refuses to close the borders allowing more even poorer, more desperate citizens of the world.

Click to expand...

"This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States." (Trump)
Dems, libs and indies should consider the matter closed and the issue solved.

calamity said:

irony

Click to expand...

Could you even attempt to elaborate on why you think that?

snakestretcher said:

Who have I personally attacked; you? Did I mention or even refer to you? Whom I choose to help and why are none of your damn business frankly. What was your question again?

Click to expand...

You would cut him off, but like I said, lack the courage an intellectual honesty to admit it.

Checkerboard Strangler said:

Oh krap and here I thought all along it was libtards with TDS.
Sigh, I'll get it right one of these days.

Click to expand...

I don't think you will.

Fletch said:

You would cut him off, but like I said, lack the courage an intellectual honesty to admit it.

Click to expand...

No, I wouldn't cut anyone off. I leave that sort of attitude to 'I got mine, screw you', tight-arse conservatives who never made a mistake in their flawless, perfect lives, but prefer instead to preach to others how they should live theirs.

ataraxia said:

Well that depends on who’s the one that’s poor. If their skin tone is darker, sure- they just need to stop being lazy and work more. If it’s lighter, it’s because of unfair liberal policies, illegal immigrants, and globalism.

Click to expand...

The term "globalists" didn't upset the Righties when they were outsourcing a staggering amount of our manufacturing in the Bush era, and defending giving companies who did it a fat reward in the form of even more tax cuts for doing so. That's right, you might have forgotten but I didn't: We were rewarding American companies for outsourcing.

Now suddenly the term "globalist" has become the new "Emmanuel Goldstein" for their orwellian Two Minutes Hate.
In fact, George Soros IS their Emmanuel Goldstein.

snakestretcher said:

No, I wouldn't cut anyone off. I leave that sort of attitude to 'I got mine, screw you', tight-arse conservatives who never made a mistake in their flawless, perfect lives, but prefer instead to preach to others how they should live theirs.

Click to expand...

Enabling self destructive behavior in your children would make you a crappy parent. So you can drop your moral preening.

Fletch said:

Enabling self destructive behavior in your children would make you a crappy parent. So you can drop your moral preening.

Click to expand...

Who said anything about 'enabling' except you? Supporting someone in trouble doesn't correlate with enabling. What do you think counsellors in drug rehab programmes do; help or enable?

joko104 said:

I'm sorry to read your life is going so badly. Where in the USA do you live that you are dying of heart disease due to a poor diet?

Click to expand...

Actually...people are dying all over this country from heart disease related to poor diet. That's not a good hill to die on.

Checkerboard Strangler said:

The term "globalists" didn't upset the Righties when they were outsourcing a staggering amount of our manufacturing in the Bush era, and defending giving companies who did it a fat reward in the form of even more tax cuts for doing so. That's right, you might have forgotten but I didn't: We were rewarding American companies for outsourcing.

Now suddenly the term "globalist" has become the new "Emmanuel Goldstein" for their orwellian Two Minutes Hate.
In fact, George Soros IS their Emmanuel Goldstein.

Click to expand...

How has the US been rewarding US companies for sending jobs outside it's borders?

Mycroft said:

As I said...I manage to make ends meet by adjusting my ends. For example, I don't own a TV. That means I can apply the cost of your TV to important bills...like food, housing, health care, etc.

Sure. People can always find bargains like you do, but how many even try? Most don't. They just pay whatever Walmart or Amazon charge for a brand new one. Suburbanites and housing development dwellers don't search the "hood" for deals.

This is what I got from that link for the TV.

View attachment 67258234

I'm guessing the difference in price is due to location. But that $50 difference could buy me a week's worth of groceries. Or...I could say "Screw the TV. I'll read a book instead." and buy 3 weeks of groceries...or 2 months of car insurance...etc.

Like I said...adjusting my ends.

Click to expand...

A week's worth of groceries for fifty bucks? That's not quite like Gary Cohn saying that a thousand bucks can cover a kitchen remodel but I can see it from here. And like I said, poor people buy technology secondhand off Craigslist. They buy other people's hand me downs.

Sorry Mycroft I just don't fall for your "I live as a poor miser in an attic under the eaves" nonsense and you clearly don't know what a lot of things cost. I grow increasingly suspicious that you aren't who you say you are.