Unemployment at an 18 year low

[Jim in CT]

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

[spence]

Originally Posted by Jim in CT

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.

[Jim in CT]

Originally Posted by spence

Here ya go Jim.

What did they say?

[Pete F.]

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

[Jim in CT]

Originally Posted by spence

Here ya go Jim.

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

[Jim in CT]

Originally Posted by Pete F.

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

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.

[Duke41]

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

[spence]

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

[Jim in CT]

Originally Posted by spence

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.

[wdmso]

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

[The Dad Fisherman]

Originally Posted by wdmso

yes un employment are at 2000 levels and its a good

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

[Nebe]

Originally Posted by Jim in CT

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

Thanks Obama!!!!

[wdmso]

Originally Posted by The Dad Fisherman

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

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

[Sea Dangles]

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

[spence]

Originally Posted by Sea Dangles

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

[Sea Dangles]

It adds up Jeff
Posted from my iPhone/Mobile device

[detbuch]

Originally Posted by wdmso

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

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

[detbuch]

Originally Posted by spence

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

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."

[Pete F.]

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

[Slipknot]

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

[detbuch]

Originally Posted by Pete F.

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

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.")

[The Dad Fisherman]

Originally Posted by wdmso

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

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

[Pete F.]

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

[scottw]

Originally Posted by Pete F.

Really?

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

[Jim in CT]

Originally Posted by spence

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

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.

[Jim in CT]

Originally Posted by Sea Dangles

It adds up Jeff
Posted from my iPhone/Mobile device

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.

[Jim in CT]

Originally Posted by wdmso

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

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

[Jim in CT]

Originally Posted by Pete F.

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

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.

[Jim in CT]

Originally Posted by detbuch

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

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

[Pete F.]

Originally Posted by Jim in CT

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.

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?