The Dumpsterfire Economy

[JJIII]

Suppose all you want.

You know nothing about me.

[bobabode]

Looks like the t'Rump name has lost it's cachet.

"For the second time in four months, the name “Trump Place” will come down from a New York building’s facade after condominim owners at 120 Riverside Blvd. voted to have the name removed.

The building’s condominium board announced the decision Thursday, according to an email to building owners obtained by The Washington Post. The email said that, after a vote of the building’s condo owners, the tally was about 55 percent in favor of removing the large sign over the front door.
“Accordingly, arrangements are being made to have the ‘Trump Place’ signage removed from the building façade,” the email said. It was not clear when the sign would actually come down.

The decision follows a similar one by condo owners at 200 Riverside Blvd., a few blocks north, in October.

Both buildings sit on the former site of a rail yard on the Upper West Side that President Trump helped develop in the 1990s. The area was named Trump Place in his honor, and six buildings once bore signs with that name.

Since Election Day in 2016, the owners of five buildings have decided to remove it — a stark demonstration of Trump’s unpopularity in the city that gave him his start, and which he still calls home.

Equity Residential, an apartment company that owns three nearby buildings, took down Trump’s name just after the election. Then the condo owners at 200 Riverside — facing legal warnings from the Trump Organization — went to court and persuaded a state judge to rule that the Trump Organization could not stop them from removing their sign." WP
https://www.washingtonpost.com/polit...=.718fe9f75f59


Way to go Donnie dumbass.

[Chicks]

Donny won’t be tweeting this Trump-vs.-Obama chart

Stock market under Donny is grossly underperforming vs Obama. A simple fact that idiot Trumpkins will likely ignore. Any thoughts from our resident Trumpkin moron?

https://www.marketwatch.com/story/th...art-2018-11-12

[Chicks]

Trump's threat to close border stirs fears of economic harm

https://www.apnews.com/f79cc6f6223b489ab73eb32f1f7187e5

Hey Whell! Can you believe yer hero Donny is really this stupid? Even ol’ Mitch can’t believe the idiocy of yer boy Donny this time! Will you back Donny on this lunacy, or is Mitch right to call him on it? Still glad you voted for this clown? Or are you finally waking up to your own stupidity for having done so?

[Chicks]

The American Dream is 'fraying for many,' says Jamie Dimon

https://finance.yahoo.com/news/ameri...151832897.html

In his annual letter to shareholders, which was released Thursday, J.P. Morgan Chase CEO Jamie Dimon noted that the American Dream is alive — but "fraying for many."

"Forty percent of American workers earn less than $15 an hour, and about 5% of full-time American workers earn the minimum wage or less, which is certainly not a living wage," Dimon wrote. "In addition, 40% of Americans don't have $400 to deal with unexpected expenses, such as medical bills or car repairs."

It's often reported that many Americans do not have enough savings to cover even minor financial emergencies, but, as Dimon writes in his letter, it's not the sole fault of individuals that savings lag. Soaring health care and college costs and wage stagnation are problems that the average person cannot do much to fix on their own.

Millennials especially are in a daunting situation: They carry more debt than other generations , face rising home costs and are largely responsible for funding their own retirements , all while real wages have barely budged .

"No one can claim that the promise of equal opportunity is being offered to all Americans through our education systems, nor are those who have run afoul of our justice system getting the second chance that many of them deserve," Dimon wrote. "Simply put, the social needs of far too many of our citizens are not being met."

Dimon wrote that the federal government has lost the trust of the American people and needs to step up: "Governments must be better and more effective — we cannot succeed without their help."

He sure sounds like a raging lefty, huh Whell?

[Chicks]

Donny's falling approval could lead to economic gimmicks

https://finance.yahoo.com/news/trump...183008737.html

NOTHING is beneath this president*. Anything to get re-elected to continue his crime spree.

[Chicks]

Prosperity Reigns Where Immigrants Live
Trump bashes migrants, but he also employs them. There’s a reason he does so much business in states that attract them.

https://www.bloomberg.com/opinion/ar...e-bashing-them

The hypocrisy of Trumponomics is laid bare by the demonizing of undocumented workers as the Trump Organization profits from them. With so many Trump hotels, residential buildings and golf courses located where migrants are numerous, Employer-in-Chief Donald Trump has enjoyed the economic benefits of immigration. That’s because states with the greatest concentration of immigrants create the most jobs and biggest increase in personal income. Where immigrants are relatively scarce, states generate the fewest jobs and smallest rise in income.

A record 43.7 million immigrants were living in the U.S. in 2016, representing 13.5% of the population, according to the Pew Research Center. That's more than a fourfold increase since 1960, when 9.7 million immigrants represented 5.4% of the total. The relationship between prosperity and immigrants — authorized or not — is definitive, according to data among the 20 largest states compiled by Bloomberg.

IOW, Donny's not just an idiot and hypocrite, but he benefits greatly from immigration.

[donquixote99]

Originally Posted by Chicks

Prosperity Reigns Where Immigrants Live
Trump bashes migrants, but he also employs them. There’s a reason he does so much business in states that attract them.

https://www.bloomberg.com/opinion/ar...e-bashing-them



IOW, Donny's not just an idiot and hypocrite, but he benefits greatly from immigration.

Of course, this posits that jobs go where the immigrants are. But surely at least part of the effect is that immigrants go where the jobs are?

[finnbow]

Originally Posted by donquixote99

Of course, this posits that jobs go where the immigrants are. But surely at least part of the effect is that immigrants go where the jobs are?

It's undeniably both. Intel, Google, and PayPal were all founded by immigrants, as are thousands of small businesses in this country. And yes, these companies are largely founded and operated in larger urban areas that also attract immigrants. A win-win, as it were.

I live in a county (Montgomery County, MD) that has 4 of the most diverse communities in the entire country and in a region that has the 8 of the 20 wealthiest counties in the nation. This is not happenstance.

[nailer]

The vast majority of immigrants emigrated due to the opportunities available to them here.