Quote:
Originally Posted by Jim in CT
"Show me some facts about the growth of the economy that prove how great it is, it is 2.2% in the first quarter of 2018"
Unemployment is low.
The stock market is up.
My take home pay went up by $200 a month thanks to tax cuts.
"Stock market values are not a big factor in the GDP"
They are a real factor in how comfortably regular people can live, and if/when they can retire. It helps ALL of us when the market does well. You never check your IRA balance? Doesn't matter to you whether you have $0 or $1 million? It matters to most of us.
"Trade wars certainly won't help "
We've had trade wars for decades...
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Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.4 9.5 9.5 9.4 9.8 9.3
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.3 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.7 7.9
2013 8.0 7.7 7.5 7.6 7.5 7.5 7.3 7.2 7.2 7.2 6.9 6.7
2014 6.6 6.7 6.7 6.3 6.3 6.1 6.2 6.2 5.9 5.7 5.8 5.6
2015 5.7 5.5 5.5 5.4 5.5 5.3 5.2 5.1 5.0 5.0 5.0 5.0
2016 4.9 4.9 5.0 5.0 4.7 4.9 4.9 4.9 5.0 4.9 4.6 4.7
2017 4.8 4.7 4.5 4.4 4.3 4.3 4.3 4.4 4.2 4.1 4.1 4.1
2018 4.1 4.1 4.1 3.9 3.8
Here is the unemployment data for the last 10 years, how did the rate of change differ from the years prior to Trump to after?
I'd be careful about being brave in the market, it isn't real money till you sell it and turn it into cash.
Your $200 a month might cover the increase in fuel and food costs due to current policies.
Who do you know that makes steel or aluminum?
Who do you know that makes stuff from steel or aluminum?
We stand to lose many more jobs than we could gain.
We are not selling the right to put our name on hotels and resorts and who cares if the place in East BF fails, the whole country depends on what happens.