Supply-Side Economics

[whell]

Originally Posted by donquixote99

Whell is here to enjoy fighting with the liberals. So even a poor little unsupported cry of 'false equlivalence' keeps the fight going.

Don is here to....um...uh...

Why are you here again?

[donquixote99]

Originally Posted by whell

Don is here to....um...uh...

Why are you here again?

Immaterial. We were talking about you. Don't evade and divert.

[whell]

Originally Posted by donquixote99

Immaterial. We were talking about you. Don't evade and divert.

No, we were talking about the impact of the implementation of supply side theory on the economy in this thread. Talking about me is an attempt to evade and divert. Please try to keep up.

Now, back on topic:

Strong retail sales report suggests robust economic growth in the second quarter

U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter.

In addition to the solid retail sales data, a sharp narrowing of the trade deficit in April and May has also bolstered expectations of a strong GDP reading in the second quarter. The government will publish its snapshot of second-quarter GDP later this month.

Consumer spending is being driven by a tightening labor market, which is steadily pushing up wages. Consumption is also being supported by tax cuts and savings.

Yup, things appear to be rolling along quite nicely.

[Chicks]

Originally Posted by whell

Yup, things appear to be rolling along quite nicely.

But when exactly this sort of robust economic news was reported under Obama, your Dear Leader always called it “fake news”, and you, along with all your idiot Trumpie friends, with your noses deeply embedded up Donny’s ass, lapped it up eagerly. So why is it no longer “fake news”, moron?

Meanwhile...

BlackRock CEO Fink Says Tariff War Could Spur Broad Market Rout

https://finance.yahoo.com/news/black...105634745.html

[Chicks]

Never take up journalism, Whell. You can’t even get a simple quote correct. Small wonder you despise good journalism, facts just aren’t your thing.

[whell]

Originally Posted by Chicks

Never take up journalism, Whell. You can’t even get a simple quote correct. Small wonder you despise good journalism, facts just aren’t your thing.

Swing and a miss! Strike two! I'm just looking for you to back up your typical loud-mouth, vapid claims.

Let's try this another way:

Do you now deny that you asked me why I no longer think good economic news is "fake news" in the Obama years? And if you did ask me that, doesn't that question presuppose that I thought that such news was "fake news"?

[finnbow]

Originally Posted by whell

Do you now deny that you asked me why I no longer think good economic news is "fake news" in the Obama years? And if you did ask me that, doesn't that question presuppose that I thought that such news was "fake news"?

You parrot Trump's nonsense every single day and your Dear Leader "has called the unemployment figure “fake” as many as 19 times before he embraced the numbers as president. And, nearly a year ago, we gave Trump Four Pinocchios for claiming “the unemployment figure, as you know, is totally fiction,” during a rally in Des Moines."

https://www.washingtonpost.com/news/...obama-economy/

During the Obama administration, you whined constantly about the U3 vs U6 unemployment rates, saying that only the higher U6 mattered under Obama, but now only the lower U3 matters under your Dear Leader. You're as disingenuous as you are dishonest, though what else can be expected from a Trump cultist?

[whell]

Originally Posted by finnbow

You parrot Trump's nonsense every single day and your Dear Leader "has called the unemployment figure “fake” as many as 19 times before he embraced the numbers as president. And, nearly a year ago, we gave Trump Four Pinocchios for claiming “the unemployment figure, as you know, is totally fiction,” during a rally in Des Moines."

Oh, I see. So, you're declaring some form of twisted guilt by association.

Originally Posted by finnbow

During the Obama administration, you whined constantly about the U3 vs U6 unemployment rates, saying that only the higher U6 mattered under Obama, but now only the lower U3 matters under your Dear Leader. You're as disingenuous as you are dishonest, though what else can be expected from a Trump cultist?

Yup, I did. Under Obama the U3 was going down while the U6 was rising. Just recently, the U6 number has started to fall as well. Not enough data yet to suggest a trend. However, if it continues, that would certainly underscore the point that was being made during the Obama years: the reduction of the U3 and the rise of the U6 were related. More folks than just Trump were making this point. In fact, the point was being made before Trump started to repeat it.

[finnbow]

Originally Posted by whell

Oh, I see. So, you're declaring some form of twisted guilt by association.

Yup, I did. Under Obama the U3 was going down while the U6 was rising. Just recently, the U6 number has started to fall as well. Not enough data yet to suggest a trend. However, if it continues, that would certainly underscore the point that was being made during the Obama years: the reduction of the U3 and the rise of the U6 were related. More folks than just Trump were making this point. In fact, the point was being made before Trump started to repeat it.

Of course, as always you're full of shit. Somehow, your twisted mind tells you that the economic woes brought on by events that took place before Obama was elected (the market crash in year eight of Dubya) were somehow Obama's fault. We're basically returning to the mean after the cataclysm of Dubya's economic stewardship which was largely corrected by Obama's policies and are now being threatened by the Lying Dotard's trade policy.

[Chicks]

Do you still believe that all the good economic news under Obama was “fake news”, as your puppet master so adamantly declared? Moron.