Why Can't the Poor be Like Us?

[donquixote99]

The conservative lack of empathy explained. "Pull yourself up by your bootstraps, lowlife scum!"

https://decentralize.today/the-conse...r-33d99b0ef18b

[nailer]

Rich conservatives should practice what they preach and give boots with bootstraps to the poor.

[Dondilion]

Even those with bootstraps are finding it harder to pull themselves up. A lot of disillusionment in a "Gig Economy".

[Dondilion]

Originally Posted by donquixote99

The conservative lack of empathy explained. "Pull yourself up by your bootstraps, lowlife scum!"

https://decentralize.today/the-conse...r-33d99b0ef18b

Excellent article.

[nailer]

Nice point.

[whell]

Interesting day that you chose to post the article in your OP, what with unemployment falling to below 3.8% last month..

https://www.wsj.com/articles/unemplo...may-1527856298

“It’s pretty hard to argue that the labor market is anything but right in the sweet spot,” said Dan North, chief economist at Euler Hermes North America. “There is tremendous demand for labor right now.”

U.S. employers have added to payrolls for 92 straight months, extending the longest continuous jobs expansion on record. And those gains are extending to all corners of the labor market.

The unemployment rate for women, 3.6% last month, was the lowest since 1953, when far smaller share of women sought jobs. The jobless rates for blacks, Latinos and those without high-school diplomas are trending near record lows.

[Chicks]

Originally Posted by whell

U.S. employers have added to payrolls for 92 straight months, extending the longest continuous jobs expansion on record. And those gains are extending to all corners of the labor market.

Thanks for validating Obama’s great economic recovery! 92 straight months! The current president* is riding Obama’s coattails on this for now, but his idiotic policies, especially on trade, and loosening direly necessary banking oversight, will very likely result in another Repube economic meltdown.

[whell]

Originally Posted by Chicks

Thanks for validating Obama’s great economic recovery! 92 straight months! The current president* is riding Obama’s coattails on this for now, but his idiotic policies, especially on trade, and loosening direly necessary banking oversight, will very likely result in another Repube economic meltdown.

Of course it will, Chicklet.

In the meantime, some adults weigh in on the US economy's prognosis:

The US economy suddenly looks like it's unstoppable

In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum.

Friday's data provided convincing evidence that domestic growth remains intact even if other developed economies are slowing. A better-than-expected nonfarm payrolls report coupled with a convincing uptick in manufacturing and construction activity showed that the second half approaches with a tail wind blowing.

"The fundamentals all look very solid right now," said Gus Faucher, chief economist at PNC. "You've got job growth and wage gains that are supporting consumer spending, and tax cuts as well. There's a little bit of a drag from higher energy prices, but the positives far outweigh that. Business incentives are in good shape."

[BlueStreak]

Originally Posted by whell

Of course it will, Chicklet.

In the meantime, some adults weigh in on the US economy's prognosis:

The US economy suddenly looks like it's unstoppable

In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum.

Friday's data provided convincing evidence that domestic growth remains intact even if other developed economies are slowing. A better-than-expected nonfarm payrolls report coupled with a convincing uptick in manufacturing and construction activity showed that the second half approaches with a tail wind blowing.

"The fundamentals all look very solid right now," said Gus Faucher, chief economist at PNC. "You've got job growth and wage gains that are supporting consumer spending, and tax cuts as well. There's a little bit of a drag from higher energy prices, but the positives far outweigh that. Business incentives are in good shape."

Chicks was referring to the long term......6-8 years. I understand that you, being a corporate goon, naturally lack that much foresight. What you see in the front of you at the moment is proof that we're on the right path. It's okay, we love you anyways. You're very special to us.

[whell]

Originally Posted by BlueStreak

Chicks was referring to the long term......6-8 years. I understand that you, being a corporate goon, naturally lack that much foresight. What you see in the front of you at the moment is proof that we're on the right path. It's okay, we love you anyways. You're very special to us.

Ah, I see.

Well, we corporate goons understand that economies are cyclical, and the likelihood of a future recession is always there. So, yeah, six to eight years from now its quite possible (and if history is any guide, quite probable) that there will be a recession. And just like a million monkeys banging away at typewriters creating the possibility that one of them might produce War and Peace, Chick's prognostication of economic doom and gloom six to eight years from now has a similar chance of being correct.

So, since this particular corporate goon will likely be retired by then, I'll have little control over what might happen at that time. However, I've squirreled away all of my ill-gotten gains in questionable investments and tax sheltered accounts enabled by tax loopholes, so I should be just fine.