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Trump's economy proves Democrats are presently on another planet

  

Category:  Op/Ed

Via:  make-america-great-again  •  5 years 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 ignores China, 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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XXJefferson51
Senior Guide
1  seeder  XXJefferson51    5 years 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

 
 
 
Bob Nelson
Professor Guide
1.2  Bob Nelson  replied to  XXJefferson51 @1    5 years 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.

 
 
 
XXJefferson51
Senior Guide
1.2.2  seeder  XXJefferson51  replied to  XDm9mm @1.2.1    5 years ago

jrSmiley_36_smiley_image.gifjrSmiley_24_smiley_image.gifjrSmiley_81_smiley_image.gif

 
 
 
Bob Nelson
Professor Guide
1.2.3  Bob Nelson  replied to  XDm9mm @1.2.1    5 years ago

END OF  totally  fictional  STORY

 
 
 
Bob Nelson
Professor Guide
1.2.5  Bob Nelson  replied to  XDm9mm @1.2.4    5 years ago

And I'm still waiting for Godot.

 
 
 
XXJefferson51
Senior Guide
1.2.7  seeder  XXJefferson51  replied to  XDm9mm @1.2.6    5 years 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
Professor Quiet
1.3  Ed-NavDoc  replied to  XXJefferson51 @1    5 years ago

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

 
 
 
Raven Wing
Professor Guide
1.3.1  Raven Wing  replied to  Ed-NavDoc @1.3    5 years 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
Professor Quiet
1.3.2  Ed-NavDoc  replied to  Raven Wing @1.3.1    5 years ago

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

 
 
 
Raven Wing
Professor Guide
1.3.3  Raven Wing  replied to  Ed-NavDoc @1.3.2    5 years ago

Thank you. (smile)

 
 

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