Trump's economy proves Democrats are presently on another planet

  
Via:  make-america-great-again  •  3 months ago  •  27 comments

Trump's economy proves Democrats are presently on another planet
Yet Democrats say that Trump's economy is somehow immoral. When they aren't trying to assign credit for it to Obama, they claim that it punishes the middle class and the poor. And so, rather than doubling down on the economic fortune we now find, Democrats are pledging to shred Trump's corporate tax reforms, escalate regulation, and increase state control in the economy. This is insane.

S E E D E D   C O N T E N T


What planet are the Democrats on?

I ask that question for two reasons. First, because the 2020 Democratic presidential front-runner happily ignoresChina, America's preeminent threat. Second, because Democrats seem determined to destroy an economic model that is producing record benefits to individuals in society — and in particular to the lower-income workers they claim to support.

Consider the latest unemployment data released Friday. Alongside an increase in productivity of 3.6%, the Bureau of Labor Statistics reported Friday that the unemployment rate fell to 3.6% over the first quarter 2019. That's the lowest rate since we first landed on the moon. And that 3.6% matching speaks to an economy that is growing, dynamic, and moral. Consider that the data also shows Hispanic unemployment is now at just 4.2%. Aside from static year-on-year changes in (still very low) unemployment for blacks, and a 0.2% year-on-year increase in unemployment for teenagers, the economy is boosting employment for every listed demographic subset.

Yet Democrats say that Trump's economy is somehow immoral. When they aren't trying to assign credit for it to Obama, they claim that it punishes the middle class and the poor. And so, rather than doubling down on the economic fortune we now find, Democrats are pledging to shred Trump's corporate tax reforms, escalate regulation, and increase state control in the economy.

This is insane.

Why don't Democrats ask themselves why it is that only teenage or youth unemployment is increasing. Might it be due to state and local minimum wage laws pricing out of the workforce those with the least skill? Democrats don't want to hear the answer to that.

Don't get me wrong, we should be polite in discussing these issues. But we should also be bold and relentless. Democrats are trying to craft an economic morality narrative that flies in the face of the Republican policies that are actually making the economy and lives better. It's an unsustainable level of insincerity on their part.

From my point of view, there will be two critical concerns in November 2020: the economy and countering China. At the moment, Trump is by far the better candidate on both of those fronts.

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Heartland American
1  seeder  Heartland American    3 months ago

....The labor market the United States is experiencing right now wasn’t supposed to be possible.

Not that long ago, the overwhelming consensus among economists would have been that you couldn’t have a 3.6 percent unemployment rate without also seeing the rate of job creation slowing (where are new workers going to come from with so few out of work, after all?) and having an inflation surge (a worker shortage should mean employers bidding up wages, right?).

And yet that is what has happened, with the April employment numbers putting an exclamation point on the trend. The jobless rate receded to its lowest level in five decades. Employers also added 263,000 jobs; the job creation estimates of previous months were revised up; and average hourly earnings continued to rise at a steady rate — up 3.2 percent over the last year.

Compare that reality with the projections the Federal Reserve published just three years ago. In mid-2016, Fed officials thought that the long-run rate of unemployment would be around 4.8 percent, and that this would coincide with 2 percent inflation.

If that were the jobless rate today, 1.9 million Americans would not be working who are instead gainfully employed. And despite this ultralow unemployment rate, inflation is only 1.6 percent over the last year, below the level the Fed aims for.

Because this is 2019 and everything immediately devolves into partisan warfare, these good results are immediately seized upon by Trump partisans who view the good news as a result of the president’s policies, and by opponents who give credit to the already-improving economy that President Obama handed over in January 2017.

There is truth in both. The job market had already been improving for years when President Trump took office, and its performance since then has been more continuation of the trend than an abrupt upturn.

After more than two years of the Trump administration, warnings that trade wars and erratic management style would throw the economy off course have proved wrong so far, and tax cuts and deregulation are most likely part of the reason for the strong growth rates in 2018 and the beginning of 2019 (though most forecasts envision a slowing in the coming quarters as the impact of tax cuts fades).

In particular, it now appears that recession fears that emerged at the end of 2018 were misguided — especially once the Fed backed off its campaign of rate increases at the start of 2019....https://www.nytimes.com/2019/05/03/upshot/unemployment-inflation-changing-economic-fundamentals.html?action=click&module=Top%20Stories&pgtype=Homepage

 
 
 
XDm9mm
1.1  XDm9mm  replied to  Heartland American @1    3 months ago
Because this is 2019 and everything immediately devolves into partisan warfare, these good results are immediately seized upon by Trump partisans who view the good news as a result of the president’s policies, and by opponents who give credit to the already-improving economy that President Obama handed over in January 2017. There is truth in both. The job market had already been improving for years when President Trump took office, and its performance since then has been more continuation of the trend than an abrupt upturn.

While everyone has to acknowledge that the economy was improving during the tenure of Obama, the Obama supporters always fail to acknowledge the massive amounts of federal stimulus funds pumped into the economy to stabilize it after the meltdown.

Obama entered office with several trillion dollars of federal stimulus funding allocated albeit not yet distributed. 

Donald Trump did not have that advantage.

Obama enjoyed zero or near zero interest rates during the majority of his tenure in office.

Donald Trump entered office with interest rates increasing and more increases promised.

Obama enjoyed the effects of the FED and Quantitative Easing (QE) during the majority of his tenure in office.

Donald Trump had none of that effect working for him.

Many like to use charts showing the continual upswing in the economy during the Obama tenure.   While there was admittedly continual growth, it was noted by many academics and economists as the weakest recovery since WWII.   Further, when those aforementioned charts are used, it is painfully apparent that once the FED stopped it's QE, the growth essentially flat lined, going nearly horizontal with minor spikes down and then recovery but no more 'growth'.   These charts essentially prove that Obama was actually the recipient of the actions of others as opposed to any policy or action he took as President.

What is quite telling in those same charts is that the current upswing in growth, both in market valuation and all other indicators was actually started during the tenure of Obama but quite interestingly coincided exactly with the 2016 win of then candidate Donald Trump and did nothing but grow better on President Elect Donald Trump's being sworn in as President of the United States.

The markets and economy reacted to the election of Donald Trump and the knowledge that a businessman with not only actual knowledge of business practices, but actual experience in multiple businesses of various kinds was going to be leading the economic recovery and growth of America without the help of outside forces like the FED.

President Trump has broken the mold of politics as usual and has made America a priority for the betterment of AMERICANS (whether they appreciate it or not).

 
 
 
Heartland American
1.1.1  seeder  Heartland American  replied to  XDm9mm @1.1    3 months ago

Your points are all well made and right on.  Obama was coasting on the effects of what others set up before he took office.  He relied on massive fed subsidies to mask the cost of his programs and ideology and settled for minimum growth.  He did every thing he could to not stimulate actual growth associated with economic recovery because it would not be social justice or match his vision of economic “fairness”.  Now that he’s gone from office the economy is picking up and is benefiting from efforts toward energy independence, fewer regulations, and lower taxes.  

 
 
 
Bob Nelson
1.1.2  Bob Nelson  replied to  Heartland American @1.1.1    3 months ago
Obama was coasting on the effects of what others set up before he took office.

Do you truly not remember? Or is this just another Big Lie?

Obama inherited an economy in near-vertical collapse:

original

 
 
 
XDm9mm
1.1.3  XDm9mm  replied to  Bob Nelson @1.1.2    3 months ago
Do you truly not remember? Or is this just another Big Lie?

I'm sure you believe the pabulum you spew, even if it is indigestible.

 
 
 
Bob Nelson
1.1.4  Bob Nelson  replied to  XDm9mm @1.1.3    3 months ago

For pity's sake!

The numbers are in front of your eyes. You're disbelieving yourself.

 
 
 
Heartland American
1.1.5  seeder  Heartland American  replied to  Bob Nelson @1.1.4    3 months ago

As we said before the real work to arrest those numbers occurred before he took office.  The fix was done.  All Obama did was coast on the effects of what was done before him and try to use the situation to further expand socialism and the power of big government.  

 
 
 
Bob Nelson
1.1.6  Bob Nelson  replied to  Heartland American @1.1.5    3 months ago

    jrSmiley_88_smiley_image.gif

 
 
 
lady in black
1.1.7  lady in black  replied to  Heartland American @1.1.5    3 months ago

You are so full of it

 
 
 
Bob Nelson
1.2  Bob Nelson  replied to  Heartland American @1    3 months ago
The job market had already been improving for years when President Trump took office, and its performance since then has been more continuation of the trend than an abrupt upturn.

End of story.

The Fed runs the economy. Only in extreme circumstances (2008) are Congressional / Presidential action either needed or desirable.

Through three Chairpersons, despite cotradictory howling from the bleachers, the Fed has remained steady. And so has the economy.

Presidents always take credit for a good economy, and blame the Fed for a bad one.

 
 
 
XDm9mm
1.2.1  XDm9mm  replied to  Bob Nelson @1.2    3 months ago
Presidents always take credit for a good economy, and blame the Fed for a bad one.

Show me ONE POLICY promoted by Obama that was good.

Tax reductions for Americans?  Nope.  Trump.

Cutting regulations allowing American business to start or expand?  Nope.  Trump.

Challenging China on Trade?  Nope.  Trump.

But you refuse to acknowledge that the last year and a half of the Obama administration was essentially flat and on the election of Trump, AGAINST the increasing interest rates and FED actions, the economy grew.

To quote you.

END OF STORY.

 
 
 
Heartland American
1.2.2  seeder  Heartland American  replied to  XDm9mm @1.2.1    3 months ago

jrSmiley_36_smiley_image.gifjrSmiley_24_smiley_image.gifjrSmiley_81_smiley_image.gif

 
 
 
Bob Nelson
1.2.3  Bob Nelson  replied to  XDm9mm @1.2.1    3 months ago

END OF  totally  fictional  STORY

 
 
 
XDm9mm
1.2.4  XDm9mm  replied to  Bob Nelson @1.2.3    3 months ago
Show me ONE POLICY promoted by Obama that was good.

I'm STILL WAITING for that ONE OBAMA POLICY.

 
 
 
Bob Nelson
1.2.5  Bob Nelson  replied to  XDm9mm @1.2.4    3 months ago

And I'm still waiting for Godot.

 
 
 
XDm9mm
1.2.6  XDm9mm  replied to  Bob Nelson @1.2.5    3 months ago
And I'm still waiting for Godot.

So, you have neither Godot or an Obama policy.

THANKS for the admission.

 
 
 
Heartland American
1.2.7  seeder  Heartland American  replied to  XDm9mm @1.2.6    3 months ago

They have nothing except a desire to punish us with socialism for daring to prosper during Trumps time in office under his policies.  

 
 
 
Ed-NavDoc
1.3  Ed-NavDoc  replied to  Heartland American @1    3 months ago

They are on the planet Spite circling the sun called Ignorance....jrSmiley_86_smiley_image.gif

 
 
 
Raven Wing
1.3.1  Raven Wing  replied to  Ed-NavDoc @1.3    3 months ago

But, we are not alone, we are accompanied by an adjacent planet from the other side called Stupid that continues to run head first into the sun. 

 
 
 
Ed-NavDoc
1.3.2  Ed-NavDoc  replied to  Raven Wing @1.3.1    3 months ago

Hey, I'ii give you credit for a good comeback  with that one...

 
 
 
Raven Wing
1.3.3  Raven Wing  replied to  Ed-NavDoc @1.3.2    3 months ago

Thank you. (smile)

 
 
 
dennis smith
1.4  dennis smith  replied to  Heartland American @1    3 months ago

No doubt the usual Trump haters and Obama lovers will spin, whine and deflect from the facts above.

 
 
 
Heartland American
1.4.1  seeder  Heartland American  replied to  dennis smith @1.4    3 months ago

The Trump economy—fueled by tax cuts and unprecedented deregulation—continues to notch record numbers. The unemployment rate is at a fifty-year low, overall economic growth is at a pace most experts claimed would never occur, and new job creation blows by expectations month after month. Trump is tackling unfair international trade agreements that mostly harmed agriculture and manufacturing sectors in the Midwest after decades of neglect while exposing the folly of Republicans’ devotion to imaginary “free trade” principles.

The president’s standing in the Midwest now is arguably stronger than when he nearly swept the region in 2016. Polling shows Trump’s job approval rating in the Midwest is in the mid-forties, and his overall favorability rating is highest in the Midwest. Trump’s approval rating in the region is roughly the same as Obama’s was during the same point in his presidency, according to Gallup tracking polls.

The working class, the nearly 70 percent of Americans without a college degree who have been ignored and even ridiculed by both political parties, is flourishing. Five of the top ten cities enjoying the greatest job opportunities for lower-wage workers are in the Midwest.  “A majority of the metro areas with the highest shares of opportunity employment are located in the Midwest . . . after adjusting for cost-of-living differences, median annual earnings tend to be relatively high in that region,” according to an April 2019 study by the Federal Reserve Bank of Cleveland.

Finding enough workers “is a problem playing out in many parts of the Midwest, a region with lower unemployment and higher job-opening rates than the rest of the country,” according to an April 2018 Wall Street Journalreport, citing hiring challenges by employers in Iowa, Indiana, and Wisconsin. Southwestern Ohio, solid Trump country, is in the midst of a warehousing boom. The construction industry is thriving nationwide, but the Midwest is leading the pack. https://newcriterion.com/blogs/dispatch/the-midwests-broken-blue-wall

 
 
 
†hε pε⊕pレε'š ƒïšh
2  †hε pε⊕pレε'š ƒïšh    3 months ago

Obama's regulatory cronyism stalled the recovery. His fans have their heads in the sand.

Government handouts don't stimulate economic growth. 

 
 
 
Bob Nelson
2.1  Bob Nelson  replied to  †hε pε⊕pレε'š ƒïšh @2    3 months ago

[deleted]

 
 
 
JohnRussell
2.2  JohnRussell  replied to  †hε pε⊕pレε'š ƒïšh @2    3 months ago
His fans have their heads in the sand

Sweeping generalization. 

 
 
 
Heartland American
2.2.1  seeder  Heartland American  replied to  JohnRussell @2.2    3 months ago

And all the stuff you say about Trump and his voters/supporters are somehow not?

 
 
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