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Thread: This is Trump's economy, two years in

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Rogue Valley View Post
    This is Trump's economy, two years in

    [img]https://cdn.cnn.com/cnnnext/dam/assets/190111125701-02-shutdown-2019-large-169.jpg[img]



    Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.
    Debt and deficits are up because spending is up, primarily on defense, interest, and social spending. Taxes are up a little, but for most people, they have higher wages and lower taxes. GDP has increased by almost 2 trillion. Unemployment is down.

    GDP alone shows that there is a net POSITIVE effect on the economy, which is growing at nearly twice the rate as before.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by bongsaway View Post
    Let's see then, tax break, less revenue coming in, spending up. What's not to like? This is the republican dream come true. It's the one they run on election after election.
    Revenue is up. Which is a bad thing.

    Total Receipts: Up by Less Than 1 Percent in the First Quarter of Fiscal Year 2019
    Receipts totaled $771 billion during the first quarter of fiscal year 2019, CBO estimates—$2 billion
    more than during the same period last year. The changes between last year and this year were as follows:

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Rogue Valley View Post
    Well, so much for the Trump "magic". I have yet to see any magic Trump economic "trickle down" in my pocket.

    But the corporations loved it. Were able to pay off some debt, buyback their shares, do a bit of acquisition, move some operations overseas.

    Yep. Wonderful for the Trump donor class with pass-through's. For the rest of us? Not so much. Now Trump is shafting government employees and contractors.

    I sure hope Americans remember all of this wonderfulness in 2020.
    Every tax bracket was lowered and the deduction doubled. If you arent seeing more money in your pocket, then you arent producing any.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by ataraxia View Post
    The DOW tripled under Obama. And that was bad. But 6000 points under Trump, and we are finally getting the economy growing again.

    I swear you guys live on a different planet and speak a different language. None of what you say makes any sense.
    No you have that liberal disease of picking and choosing the data you want to believe. The stock market was at 14.7 in 2007 and with a growing economy and population that is the bottom line to compare growth, not the reality that the Democratic Congress took the Stock Market down but again. You see, in your world you never accept any responsibility for anything bad and always blame others. Why would you ignore the drop in the stock market as well as drop in employment with a Democratic Congress? Maybe civics would help you!

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by MTAtech View Post
    That's easy, which can be answered with two charts, GDP and unemployment.


    Yep continue to ignore context and the reality that millions of part time employees for economic reasons are that chart you are posting. In your world are part time employees every bit as good as full time employees? Looks to me like you will never answer direct questions especially on this thread about the Trump economy two years later. Waiting for you to refute the 2 trillion added to GDP, 4.7 million jobs created, 1 million fewer part time employees for economic reasons Obama left Trump.

    Seems the only way you will ever benefit from the Trump economy is if he authorizes an increase in your welfare payments.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by MTAtech View Post
    That's easy, which can be answered with two charts, GDP and unemployment.


    Must have been Bush's doing.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by MTAtech View Post
    The devil is in the details. "Saw some benefit."

    The promise:

    “The rich will not be gaining at all with this plan.” – President Donald Trump, Sept. 13, 2017
    That was false. The rich overwhelmingly benefit.

    Distribution of Trump Tax Cuts Favors Wealthiest
    On average, in 2018, taxes declined for everyone, but top groups got the biggest benefit

    The lowest quintile benefited by $56 a year, while the top quintile benefited $10,090.26.
    OH, for God's sake, can't you guys give up on that non sequitur? Forget the jealousy and politics of envy for once in your life. Let's make this simple: Assume you pay $1,000,000 income tax and I pay $10,000. Now we each get the same reduction in rates, say 10% for simplicity; you now pay $900,000 and I pay $9000, e.g. your tax bill reduced $100,000 and my $1000. but you pay 99% of total tax; what a wonderful benefit! Totally unfair, right?

    By the way what percentage of the lowest quintile pay ANY income tax AT ALL? And many benefited from increased EITC - getting money back they didn't pay in.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by ataraxia View Post
    These trends have been going on since 2009. Why was it so bad before and why is it so dramatically different now?
    LOL, ah, the ol' "it's all on Obama" mntra. Why then did Obama oversee the worst post-recession since WW II. Unemployment rates over 10%, millions either accepting part time work when they'd rather have full time jobs, others totally giving up even looking for work? An economy that struggled to grow at an anemic 2% -or less. Unemployment was at 4.7% - a rate most economists consider "full employment", yet under Trump feel it feel to 3.7%. We were told those manufacturing jobs were "gone for good" and that slow growth was the "new normal" by "the one we've been waiting for" and yet the "Orange Man" stepped in and did it.

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Bullseye View Post
    LOL, ah, the ol' "it's all on Obama" mntra. Why then did Obama oversee the worst post-recession since WW II.
    He dealt with a Republican congress whose entire directive was to make him a one term President. They put their partisanship before the well-being of the American people.

    We were told those manufacturing jobs were "gone for good" and that slow growth was the "new normal" by "the one we've been waiting for" and yet the "Orange Man" stepped in and did it.
    I know it's a crap shoot to expect you to comprehend the data i'm going to present, but then again that's on you.

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: This is Trump's economy, two years in

    Quote Originally Posted by Kushinator View Post
    He dealt with a Republican congress whose entire directive was to make him a one term President. They put their partisanship before the well-being of the American people.
    Except, course, for his first two years when he had overwhelming majorities in BOTH houses. In fact he never faced full GOP control of Congress until his last two years in office; By then, he'd FUBAR'd just about anything he could.

    Quote Originally Posted by Kusninator
    I know it's a crap shoot to expect you to comprehend the data i'm going to present, but then again that's on you.

    Great move - insult my intelligence is sure to make me even consider looking at it.


    Here's a little more from BLS:

    In December, employment in manufacturing continued to rise (+32,000). Over the year, manufacturing added 284,000 jobs, compared to 207,000 in 2017. Durable goods accounted for 76 percent of the 2018 job gains, adding 216,000.
    The 1-month diffusion index for manufacturing increased by 4.6 points to 67.1. A value over 50 indicates that more industries are adding jobs than losing them.
    So, 207,000 in 2017 and 284,000 in 2018 seems to add up to about a half-millon. And a strong diffusion index indicating companies are adding jobs.

    ETA: Notice I didn't have to insult your intelligence to prove you don't know what your talking about.
    Last edited by Bullseye; 01-23-19 at 05:35 PM.

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