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America's $10 Trillion richer because of Trump's policies.

Bullseye

Bullseye

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Since Trump's elections $10 Trillion has been created in American's wealth. Not a bad thirty month result. :cool:

Do not buy this class warfare nonsense that only the rich prosper when stocks do better. It is true the wealthy own a lot of stocks because they have more money to invest. But a recent Gallup poll found that more than half of American households own stocks directly, and millions more own stocks through their union or company pension plans. When companies do better, workers and families do better. Moreover, hiring and benefits are highly correlated with the stock market. Very few companies provide bonuses, wage increases, or job offerings when they are losing money.
One thing is certain. The line by Democratic presidential contenders such as Elizabeth Warren, Kamala Harris, and Corey Booker, who repeatedly say that only the rich are prospering under the Trump economy, is showing up false with every passing day. With wages up 3.1 percent in the latest jobs report, our country is seeing a rising tide that is lifting almost all boats.
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And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
 
Rexedgar said:
You have grandkids?

The author of your link; isn’t he the recently withdrawn Federal Reserve nominee?
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If the things Trump has done...tax reform, regulatory reform, trade deals, etc, are kept as the direction for the country in the next 30 years everyone, including the grandkids, will be better off than anyone on Main Street has been for the last 30 years.
 
Added wealth to whom? THe top 1% and nobody else
 
Mycroft said:
If the things Trump has done...tax reform, regulatory reform, trade deals, etc, are kept as the direction for the country in the next 30 years everyone, including the grandkids, will be better off than anyone on Main Street has been for the last 30 years.
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Trump has taken a massive crap in the punch bowl; one of these days his supporters will not be able to avoid the turds when dipping their cups in the bowl!
 
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Rexedgar said:
You have grandkids?

The author of your link; isn’t he the recently withdrawn Federal Reserve nominee?
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Huh? What's that got to do with the topic? The best you can do is an ad hominem attack.
 
Sampson Simpson said:
Added wealth to whom? THe top 1% and nobody else
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Pretty much. However, if we give all of the wealth to five hyper-wealthy dudes, it will magic wealth to the rest of us.
 
I'll go check my mailbox now, I've been expecting my $10,000 check to be there any day now. The Trump-created government shutdown that lasted for 35 days last February left people without money for food. Very few of those people who were out of work had $100 saved for such an emergency. I guess they hadn't received their $10,000 checks either.
 
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Bullseye said:
Huh? What's that got to do with the topic? The best you can do is an ad hominem attack.
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Don’t flatter yourself! Mycroft understood what I was saying......see post #3.

:3oops:
 
Rexedgar said:
Don’t flatter yourself! Mycroft understood what I was saying......see post #3.

:3oops:
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Huh? In what way does what Mycroft said relate to asking me if I have grandchildren or if Moore was the guy nominated for the Fed? You asked two questions to attack the credibility of the author and me.
 
Rexedgar said:
Trump has taken a massive crap in the punch bowl; one of these days his supporters will not be able to avoid the turds when dipping their cups in the bowl!
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Translation: "I got nothing intelligent to respond with, so I'll just bad mouth Trump and his supporters."
 
Sampson Simpson said:
Added wealth to whom? THe top 1% and nobody else
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The article, if you choose to read it, or just read the quote I included. Says over 50% of American households own stocks either personally or through retirement plans.
 
So...the rich got richer and our federal government added alot more debt.

Yay?
 
Bullseye said:
The article, if you choose to read it, or just read the quote I included. Says over 50% of American households own stocks either personally or through retirement plans.
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This is incorrect and Stephen Moore is an idiot. Just two months ago he was forced to withdraw his nomination for an appointment to the Federal Reserve Board largely over his past inflammatory writings about women.

The fact is that most Americans do not own stock. Does a couple from North Platte, Nebraska really benefit if they own 10 shares of IBM and the market goes up? It's the rich that benefit most from this rise. Obama inherited a toilet level economy at 8.000 DJIA and left it at 20,000 DJIA, despite total sabotage from the GOP. These are facts,

The stock market is doing well because most big corporations chose stock buy-backs, rather than employee compensation, to spend their 40% tax cut. So we borrowed 2 Trillion so the owners of the means of production could invest in....themselves.

The "distribution of stock ownership by wealth percentile," specifically 84 percent for the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent." You don’t measure economic success by the happiness of billionaires. Wealth inequality in America has never been worse: the richest 400 Americans hold wealth equal to the bottom 150 million Americans. We need to return to pre-Reagan income tax bracket levels to outlaw billionaires. No more tax cuts for corporations, billionaires and ultra-millionaires until the National Debt is ZERO.
 
HumblePi said:
This is incorrect and Stephen Moore is an idiot. Just two months ago he was forced to withdraw his nomination for an appointment to the Federal Reserve Board largely over his past inflammatory writings about women.

The fact is that most Americans do not own stock. Does a couple from North Platte, Nebraska really benefit if they own 10 shares of IBM and the market goes up? It's the rich that benefit most from this rise. Obama inherited a toilet level economy at 8.000 DJIA and left it at 20,000 DJIA, despite total sabotage from the GOP. These are facts,

The stock market is doing well because most big corporations chose stock buy-backs, rather than employee compensation, to spend their 40% tax cut. So we borrowed 2 Trillion so the owners of the means of production could invest in....themselves.

The "distribution of stock ownership by wealth percentile," specifically 84 percent for the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent." You don’t measure economic success by the happiness of billionaires. Wealth inequality in America has never been worse: the richest 400 Americans hold wealth equal to the bottom 150 million Americans. We need to return to pre-Reagan income tax bracket levels to outlaw billionaires. No more tax cuts for corporations, billionaires and ultra-millionaires until the National Debt is ZERO.
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Please ‘splain to the OP that this is where the “grandkids” come in, tyvm.
 
Bullseye said:
And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
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The markets and employment numbers were on the upswing long before Trump was inaugurated. Trump has to run on these unpleasant facts.....

• the federal debt is at a historic high

• the federal deficit is at a historic high

• the trade deficit is at a historic high

• and US wealth inequity is at a historic high. The wealthiest 1% of Americans now own 40% of America's wealth.

:roll: That's not an economic record I'd want to defend.
 
It's a great time to be an oil baron or a hedge fund manager.
 
Bullseye said:
Since Trump's elections $10 Trillion has been created in American's wealth. Not a bad thirty month result. :cool:
And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
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Well if a former Trump advisor says it, there's no way it could be post hoc ergo propter hoc



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Rexedgar said:
Trump has taken a massive crap in the punch bowl; one of these days his supporters will not be able to avoid the turds when dipping their cups in the bowl!
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Yeah, I can see your point; ONLY $10 trillion more wealth added to nearly half the population. Jeezy, what a big stinky turd that is. :roll:
 
Helix said:
Pretty much. However, if we give all of the wealth to five hyper-wealthy dudes, it will magic wealth to the rest of us.
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Pretty much NOT. Read the quote or the entire article; fifty percent of households have stock market exposure - that's were the $10 tril went. Yeah the people with more stocks got more, but if you have a mutual fund or a retirement account or employer/union retirement you benefited as well.
 
HumblePi said:
I'll go check my mailbox now, I've been expecting my $10,000 check to be there any day now. The Trump-created government shutdown that lasted for 35 days last February left people without money for food. Very few of those people who were out of work had $100 saved for such an emergency. I guess they hadn't received their $10,000 checks either.
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LOL, yeah Trump created that by forcing the Dems to refuse to bargain. :roll:
 
Airyaman said:
So...the rich got richer and our federal government added alot more debt.

Yay?
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If you consider 50% of families "the rich", what you say is true; otherwise just mental flatulence.
 
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