Unemployment at an 18 year low
 

I am sure that CNN and MSNBC are telling their audiences the good news!!

https://www.cnbc.com/2018/05/04/non-...k&par=sharebar

Here ya go Jim.

What did they say?

Trump claimed until he was elected that the unemployment rate was artificially low FAKE and that you needed to look at the Labor force participation rate.
I did, here is what it is since Trumps inauguration DROPPED
2017 62.9 62.9 63.0 62.9 62.7 62.8 62.9 62.9 63.0 62.7 62.7 62.7
2018 62.7 63.0 62.9 62.8

I found the video and watched it, that blond girl in your photo was as fair as can be. Sincerely, fair as can be.

If you want to convince me Trump is a jerk, you can save the effort, I agree with you.

I gave Obama credit dozens of times for bringing unemployment down, and for bringing the market up. He deserves credit for that.

The two men approached it in different ways. Trump gave most of us, a little bit more of our money to keep. I don't like the buy either. But my take home pay went up $250 a month, and we used that to buy a little camper that we all love. That's more than I got from 2009 - 2016, and my position is a common position, nothing special about me.

Unemployment is down, wages are up, ands workers get to keep a higher percentage of the higher wage. Higher wages means more tax revenue for the feds.

SEE TRUMP RUINED THE COUNTRY. JUST LIKE THE DEM SAID HE WOULD>

Looks like the unemployment rate dropped because of people leaving the workforce not getting jobs...
Posted from my iPhone/Mobile device

If that were true, you know more than the entire stock market, which shot up the second this came out.

The market liked it when unemployment dropped under Obama, and the market liked the numbers yesterday.

yes un employment are at 2000 levels and its a good

There's little evidence that workers are benefiting from the big corporate tax cuts that took effect this year.

and heres the rub Average hourly earnings rose four cents in April,[/SIZE][/COLOR]

Gas prices will likely rise an average of 10 cents to 15 cents a gallon nationwide over the next couple of weeks, rich people dont care they can afforded it poor people dont drive who gets hit the Avg American whos wages have remained the same

In the spirit of keeping on topic, I edited your post to point out all relevant content.
Posted from my iPhone/Mobile device

Thanks Obama!!!!

love how you are unable or unwilling to see the big picture a 4 cent increase in wages as irrelevant . :btu:

I guess the 3,000,000+ Americans who received tax cut bonuses don't count either.
Posted from my iPhone/Mobile device

A few hundred bucks one time while many corporations rake in billions of extra profits every quarter? Yea so equitable.
Posted from my iPhone/Mobile device

It adds up Jeff
Posted from my iPhone/Mobile device

Are the average hourly earnings supposed to make us forget the lower tax rates?

The tax plan wasn't about equity. The business tax cuts were about creating new jobs and making it more attractive for companies to create jobs in the US rather than overseas. And the workers would get to keep more of their wages. Any increase in wages, whatever that might be, would be an overall even greater boost to the so-called "economy."

So in a growing economy, with a big deficit, we cut taxes with the hope that inflation will increase tax revenue to meet our expenditures.
Did my wife have some involvement in this plan, sometimes she tells me this didn’t cost anything because she saved that much on something else.
Posted from my iPhone/Mobile device

Less people unemployed = less people dependent on government. More people working paying taxes adds to the tax base, not detracts from it. Therefore the beginning steps of recovering. It’s really just common sense as opposed to just being negative like so many pessimistic doubters are.
Posted from my iPhone/Mobile device

Deficits are caused by spending more than is earned or collected. Can you can figure out how to stop the federal government from spending more than it has? (You are not allowed to say that the answer is to force the federal government to abide by the Constitution as it was written and intended, because you believe the government can to do as it wishes by "interpretation.")

In the context (Spence will help you) of the discussion it is completely irrelevant. We are discussing unemployment, not wages. You are just deflecting (Spence 101) from the topic at hand to add in some negativity.

Your 1st sentence WAS the only relevant statement you made, and you said it is a good thing.

It’s ok to agree, nobody will hold it against you.
Posted from my iPhone/Mobile device

Really?
Does Trump have a new way of calculating, prior to being elected he claimed unemployment #s were FAKE
https://www.realclearpolitics.com/vi..._as_35_42.html
And once again he falsely claims a record
https://www.washingtonpost.com/news/...-a-record-low/
But luckily when he was fact checked by the FAKE news organization during the campaign, his claim was fake. So was it really fake or do we exist in an alternative universe now, where truth changes dependent on what Trump says
https://www.cnn.com/2016/02/12/polit...tic/index.html

truth is relative so you are probably wrong....:kewl:

Well as you well know, there are a huge number of Americans who have some exposure to the stock market (and many are not wealthy) so if companies are more profitable, that's good for most of us. Dividends and stock buybacks are good for shareholders. Most of us are shareholders in some way, via 401ks, IRAs, 529 plans, even pensions. True or false?

And what did Obama do, that put more money on the pockets of middle class Americans? In all honesty, I don't know that I know a single person who benefitted from the 750B stimulus plan.

Apple alone is adding 20,000 jobs., and paying 38 billion in federal tax to bring back 250 billion in overseas cash.

Comcast is investing 50 billion in infastructure improvements.

None of that matters to these people, they hate Trump so much, they are literally, and I mean literally, blinded to everything else.

Unemployment is down, and wages are up. Those are good things. But you can't get a Trump hater to concede that.

But the vast majority of us, are also seeing tax cuts, so net take-home pay, is increasing more than 4 cents an hour.

It's amazing when I hear people who supported Obama, suddenly worried about deficits.

Yes, the downside of tax cuts is increased deficits. These tax cuts will have some stimulative effect (Apple alone is paying a one-time tax of 38 billion to bring 250 billion in cash back to the US), but it's unlikely that the cuts will pay for themselves. So we should look to cut wasteful (not vital) spending.

Obama added more to the debt that any POTUS ever, and not one cent of that spending went into my pocket. With Trump's new tax cuts, my net pay increased by about $250 a month. I'm barely upper middle-class, not anywhere near wealthy, so there are a lot of people like me who will similarly benefit.

No, the porn star is supposed to make us forget about lower tax rates.

The supply sider deficit that started with Reagan
Continued under Bush
Went down under Clinton(hey, it went up but not as much as anyone else)
Went back up under Bush 2
Continued up under Obama
And now where is it going?

It's going up. But unlike the other guys, at least regular folks are seeing an increase in their paychecks.

Obama spent 750 billion on the stimulus, which he said would keep unemployment under 8%. It went over 10%. Worse, I don't know a single person who benefitted from that spending, not one. I know a lot of people who are benefitting a little, from the GOP tax cut. I know people, like me, whose taxes decreased. I know people who work at Travelers and got bonuses. And we all have heard the stories about the companies giving bonuses to employees, and adding new jobs.

You cannot ever make that wrong. Obama's stimulus added to the deficit, and did nothing. The GOP tax overhaul will add to the stimulus, but at least it's helping people. Lots of regular, middle class people.

and none of it has happened yet.. Apple did not specify the types of jobs that will be part of it its hiring push, such as if the majority will be sales staff at its various Apple stores or if they will be software engineers or technical workers. it matters


Comcast "Roberts also announced that the Company expects to spend well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity, and our television, film and theme park offerings," the company added.

But those that take a closer look at Comcast's finances will find that's something that would have occurred anyway.

they planned to do anyway, then claim it was all only possible thanks to Trump and you fall for it PS wages are not up I forgot they are by 4 cents

Government over-spending, regardless of the type of economics (supply side or Keynsian or whatever) results in government deficits.

"and none of it has happened yet"

Tax rates are down, bonuses have been paid, minimum wages have been raised at a lot of places. If you are referring to Apple, no you are correct, they haven't hired 20,000 new people yet. Perhaps that kind of growth takes time to think through and to plan diligently.

"Apple did not specify the types of jobs that will be part of it its hiring push, such as if the majority will be sales staff at its various Apple stores or if they will be software engineers or technical workers. it matters "

Of course it matters. But it's still 20,000 new jobs that didn't exist before. ANYTHING to deflect from the fact that the tax overhaul already did more than Obama's stimulus.

"they (Comcast) planned to do anyway, then claim it was all only possible thanks to Trump "

So the company that owns NBC and MSNBC, the company that signs Rachael Maddow's paychecks, is lying to make Trump look good. That's what you expect me to believe? That just makes ALL KINDS of sense. Please, tell us more about the insider financial information of Comcast. Obviously you are so well-informed...

"PS wages are not up "

Net wages, which are what matter, are up.

[QUOTE=Jim in CT;1142264
Of course it matters. But it's still 20,000 new jobs that didn't exist before. ANYTHING to deflect from the fact that the tax overhaul already did more than Obama's stimulus.

[/QUOTE]

While Apple said that they were adding $100 M to stock buybacks bc of the tax law they never said that the 20K new jobs where as a result of the law.

ANYTHING to promote Trump regardless of facts.

I can't refute that, Apple didn't specifically say that the 20,000 new jobs were only because of the tax overhaul. But the jobs, I believe, were included in the same announcement as bringing back 250B in cash, and paying a tax of 38B. We do know, those moves are a result of the tax overhaul.

Apple also gave $2,500 bonuses to most of it's 85,000 employees. But let's not talk about that.

I am sorry that the economy is doing so well, Paul. It must eat at you and Spence.

Why would you make that up? You're smart enough to know that is not true.

If the attached chart didn't have dates on it would you be able to tell where Pres. Trump was elected?

"Why would you make that up? You're smart enough to know that is not true."

I believe it to be true. When you constantly deflect and water down every bid of economic good news because you hate the guy at the helm, it's a reasonable conclusion.

"If the attached chart didn't have dates on it would you be able to tell where Pres. Trump was elected"

So you're saying that unemployment trends that existed under Obama, would be expected to stay the same under a new POTUS? How about when unemployment hit zero, would that downward trend be expected to continue? Or are there a ton of moving pieces that effect such thing?

The economy is better than when Trump took office, and most of us have a bit more money in our pockets, and our retirement accounts are up since he got sworn in, and the companies we work for and have shares in, are more profitable and valuable. .

Agreed, the economy has gotten better under Trump but we'll never know where it would be under Obama.

"I hate the guy for what he says and how he acts"

Could not agree more. I also hated the way Obama acted and hated most of what he said (though he was not nearly as crass of vulgar as Trump). Been a long time since I was proud of a POTUS.

"w/o the dates you can't tell where Pres. Trump was elected so it appears that the overall trend is basically the same. Pres. Trump or Pres Obama - the empl. rate trend hasn't changed much "

That's true. But Trump has to get some credit for doing something to allow that trend to continue. Obama didn't do anything that would lead anyone to expect that the trend would continue on its own.

"the economy has gotten better under Trump but we'll never know where it would be under Obama"

True, we can't know what the economy would look like if Obama or Hilary were in there. We don't know what it would look like had Romney won. All we know, is where it was when Obama left, and we know that by most honest measures, it's better now.

I also know that my take home pay is $250 higher per month. Many, many people saw similar results. We know that's because of tax overhaul. It's been a good thing for my family. Obama would never have signed it, never.