Political Forums - The Dumpsterfire Economy

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- - The Dumpsterfire Economy (http://www.politicalchat.org/showthread.php?t=12212)

Quote:

Originally Posted by nailer (Post 367182)

It's the Dems fault.

It’s a conspiracy by his enemies to discredit his great economic plan. They will pay! Traitors!

Whell is searching his far-right websites for the true story now. He’ll explain it to us soon...

Interest rates have been too low for too long says this low risk investor. About time for the low interest rate portion of the market's bubble to burst. Remember the old adage - don't put money in the market you can't afford to loose.

Quote:

Originally Posted by bobabode (Post 366700)

"U.S. economic growth slowed unexpectedly at the end of last year, providing a sharp contrast to the Trump administration’s enthusiastic talk about the economy and putting fresh pressure on the Republican tax bill to deliver in a way few independent analysts say it can.
The economy expanded at an annualized rate of 2.6 percent from October through December, below the 3 percent many administration officials and outside economists had expected.
Altogether, the economy grew 2.3 percent last year, better than the year before, but short of what President Trump has been promising. The report on gross domestic product, a broad measure of economic activity, cut against the recent round of celebration by the president and his aides about the soaring stock market and U.S. companies delivering tax cut-inspired bonuses to their workers." WP

read:https://www.washingtonpost.com/busin...=.822a3858b6e3

Despite Herr Drump's 'pie in the sky' projections... :rolleyes:

This is just absolutely f'ing hilarious. I remember your "thank you Obama" posts back when the economy was growing at about 1.5%, and unemployment was over 6%, and wage growth was flat.

We now have statistically full employment, 2.6% GDP growth in the most recent complete calendar quarter, increasing demand for labor, rising wages and projections for more of the same in 2018 and beyond, and you're going to bitch about that?

Too funny.

Quote:

Originally Posted by whell (Post 367224)

We now have statistically full employment, 2.6% GDP growth in the most recent complete calendar quarter, increasing demand for labor, rising wages and projections for more of the same in 2018 and beyond, and you're going to bitch about that?

These statistics reveal exactly why the tax cuts financed by an additional $1.5 trillion is deficit spending was exactly the wrong thing to do at the time.

‘The president clearly set himself up’: Trump’s stock market miscalculation

https://www.politico.com/story/2018/...et-down-324880

...it was still a large and shocking decline. It arrived amid growing concern that an economy juiced by a massive corporate tax cut, and already at full employment, could overheat and require forceful action from a new and untested Federal Reserve chairman — installed by Trump — to cool things down.

On top of concerns about rising inflation, the tax cuts are already increasing the federal government’s need to borrow and accelerating the date by which Congress must raise the federal debt limit. And as of Monday, there was still no plan in Washington to raise the limit and avoid a catastrophic default.

Anyone think Trump will brag about the sharpest one week decline of the stock market under any President. Nah, le't blame Obama on this one too, in Trump We Dread. :rolleyes:

It's not close to the sharpest one week percentage decline. Maybe he can do something with that.

Perhaps he will.

White House spokesman: Trump has not focused on the stock market

He is too busy with F&F and tweeting in the mornings, golfing in the afternoons and watching Apprentice reruns in the evenings. What a fraud of a POTUS.

Quote:

“Obviously the president did tout the stock market, but I would hardly say he focused on it,” White House deputy press secretary Hogan Gidley said during a Fox Business network appearance.

Notice the statement is to Fux News.

http://thehill.com/homenews/administ...e-stock-market

Should they have made the statement to CNN or MSNBC? :D

Neither, I am a print journalism supporter. Started working in the printing industry part time while in undergraduate school so am partial. :)

Now for some great news,

Quote:

General Motors made $12.8 billion in pretax profits in 2017 while reporting a net income loss for the year. The company's UAW-represented workers will get profit-sharing checks of $11,750 on Feb. 23.

This is probably because of a profit agreement UAW made with GM for the wage concessions they made. Either way good for the workers.

Now the Dotard will claim all of the credit. Yes part of the profits are from the tac cuts but the main reason for UAW to be in this position is because of Obama's bailout of GM from which the US government made a tidy profit. But I am sure these details will be forgotten.

This is from whell's home town paper, hope i beat him to it. :D

https://www.freep.com/story/money/ca...8-b/309855002/