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Is Trump Making the Economy Great Again? (1 Viewer)
- Thread starter David Dodds
- Start date
badmojo1006
Footballguy
Dan Lambskin
Footballguy
Thanks Obama!
Long Ball Larry
Footballguy
I assume that for the average person, having a "good economy" means having good-paying jobs available with stability and a chance for advancement. Boosting investment in equipment and software seems largely antithetical to that for the majority of the population.
BeaverCleaver
Footballguy
Ilov80s
Footballguy
Well except all the people working in the design, manufacturing, marketing, support and sales of said equipment and software.
whoknew
Footballguy
The article did a good job of showing the direction those indicators are moving. But I don't think it said anything on causation. Which is, of course, the harder part to figure.
That doesn't mean Trump hasn't affected the economy. But it takes more than this article to prove it.
Dickies
Footballguy
Yay for them? Again I see nothing in there that Fedex is going to change their hiring or employee compensation practices.
Bozeman Bruiser
Footballguy
Bozeman Bruiser
Footballguy
How long before the Trump haters start boycotting these companies?
Dickies
Footballguy
I've read it a few times and am not seeing it. All I see is AT&T paying a bonus which @TobiasFunke showed was already a part of the collective bargaining agreement that AT&T entered into that had nothing to do with the tax cut.
McGarnicle
Footballguy
The bonus is also going to non-represented 1st & 2nd level managers which had not been previously announced. My guess is this a gambit by Stephenson to give Trump some good press so the Time Warner deal might be approved.
TobiasFunke
Footballguy
$100 million and it a matching program, not an independent gift. The other $200 million is infrastructure and training (ie normal corporate expenditures) that they’re trying to score some PR off.
Ask yourself this- if congress wanted to give the benefits to workers why not do it directly instead of just giving it to the corporations and hoping for the best?
McGarnicle
Footballguy
Re the economy, I'm most interested in what missteps that led to the Bush crash are being repeated now, or what other factors like inflation, interest rates, war etc. might contribute to the timing of the inevitable downturn. Both because I want Trump removed and because I'm trying to optimize the timing of selling my house.
Bozeman Bruiser
Footballguy
Comcast announces $1000 bonuses for 100,000 front line and non-executive employees
And invest $50 billion in infrastructure.
And invest $50 billion in infrastructure.
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Dickies
Footballguy
I'm running into a lot of over-leveraged clients that are getting into ARMs with teaser rates.
I don't fully understand why we aren't seeing more inflation with how much the money supply has increased since 2008 combined with such low interest rates. What makes me nervous is that if we see another major market correction the Fed does not have the same tools at it's disposal to stabilize the economy. Obviously if the Fed raises interest rates it will create an issue with our debt payments.
This tax bill is only going to makes things hurt even more when the market corrects.
Long Ball Larry
Footballguy
Right, but how many people is that? And are they lower to middle class? And in the long run, those things are designed to generate more revenue with less labor costs.
bud29
Footballguy
Wait until the congressional Republicans who just approved $1.5T in deficit spending to "spur our slumbering economy" get a load of this!
Mookie
Footballguy
Right up there with the time Trump saved all of those jobs at Carrier. God Bless him.
https://www.forbes.com/sites/chrisladd/2017/12/11/meanwhile-down-at-the-carrier-factory/#640b9a833aa3
https://www.forbes.com/sites/chrisladd/2017/12/11/meanwhile-down-at-the-carrier-factory/#640b9a833aa3
Why has job growth decelerated since Trump was elected?
http://www.themoneyillusion.com/?p=32739
Here is the rise in payroll employment over the past 12 months, as well as during the previous 4 years:
11/16 to 11/17: 2.071 million
11/15 to 11/16: 2.324 million
11/14 to 11/15: 2.729 million
11/13 to 11/14: 2.793 million
11/12 to 11/13: 2.499 million
http://www.themoneyillusion.com/?p=32739
Here is the rise in payroll employment over the past 12 months, as well as during the previous 4 years:
11/16 to 11/17: 2.071 million
11/15 to 11/16: 2.324 million
11/14 to 11/15: 2.729 million
11/13 to 11/14: 2.793 million
11/12 to 11/13: 2.499 million
Ilov80s
Footballguy
The equipment has to get delivered somehow. So that is a boost to train companies, shipping companies, truckers, gas stations, etc. More gas and shipping means more taxes, which means revenue for all 3 levels of government. The people with extra money will spend more money which is good for shop owners, cashiers, f/b staff, travel industry, housing industry, etc. It's also a boost to the companies that provide the raw materials like iron, silicon, plastic, highly educated workers. When industries are stimulated, it can transfer the positive effects vertically.
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Zow
Footballguy
David,
I’m dangerously close on pinning fantasy championships on kerwynn Williams on Wayne gallman based on your current rankings. You’re making me nervous, my friend, with every minute I see you in here. I mean it, seriously, whatever whimsical political slight breeze you feel let me feel the breeze and fly this kite. I need you steering my sails in the direction of titles. Oh captain, my captain, the only numerical trends I need you considering right now span across a specific sample size of fifteen weeks.
TIA (again)
I’m dangerously close on pinning fantasy championships on kerwynn Williams on Wayne gallman based on your current rankings. You’re making me nervous, my friend, with every minute I see you in here. I mean it, seriously, whatever whimsical political slight breeze you feel let me feel the breeze and fly this kite. I need you steering my sails in the direction of titles. Oh captain, my captain, the only numerical trends I need you considering right now span across a specific sample size of fifteen weeks.
TIA (again)
Chemical X
Footballguy
with trump as pres., prime has jumped 1%? forget the deep dive stuff, the US electorate are morons. I would be complaining, if I were a dem. that fact and how much more interest and loans cost. I know how prime works, but I would be willing to bet that Johnny Lunchbox red state has no clue. just dumb everything down going forward to the nth degree.
McGarnicle
Footballguy
Snotbubbles
Footballguy
The "Bush crash" was a result of Clinton policies. Clinton de-regulated the banking industry by repealing Glass-Steagall which then started loaning large quantities of high-risk predatory loan (see, sub-prime mortgages). Then Billy exempted credit-default swaps from regulation. This allowed companies like Lehman Brothers and Bear Stearns to create mortgage backed securities for credit poor borrowers. Then those companies took those junk securities, wrapped them in insurance from companies who weren't liquid enough to cover them and make them look like they were A rated. Clinton policies also pressured banks to lend money to low-income applicants (Community Reinvestment Act).
Bush was a fault for not un-doing much of what Clinton did.
Pickle Rody
IBL Representative
To answer the OP's thread title question....NO, Drumpf is not making the economy great again.
Workhorse
Footballguy
All of the Clinton era policies wouldn't have mattered much if the bold hadn't happened, which was FRAUD committed by investment groups that nearly derailed our entire economy.
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TobiasFunke
Footballguy
This take seems a little overly partisan to me. Among other thing, the Act that repealed Glass-Steagall had three Republican names on it.
More importantly, however, I think primary responsibility should be put at the feet of Wall Street, not the government. What you're doing is like faulting the police for a drunk driver who plowed into your house because their DUI enforcement was insufficient instead of faulting the ####### who got drunk and drove his car into your living room.
Snotbubbles
Footballguy
Funny, I responded to a person who asked "I'm most interested in what missteps that led to the Bush crash are being repeated now." When the fact of the matter was, it stemmed from the policies of the previous administration, not Bush. Although I did fault Bush for not acting to take away the freedoms that banks and investment firms had due to the previous administration.
Long Ball Larry
Footballguy
Depends on the type of equipment. There is good money on running construction equipment. Even automation equipment requires programmers, technicians and engineers to maintain and run them.
TobiasFunke
Footballguy
I know, you were just responding to the other post, it wasn't really fair of me to criticize your post given the context. It's just that there's just a tendency to make the 07/08 crisis about government failings generally instead of Wall Street's failings that always annoys me. Obviously there's a lot of things that could have been done differently but as time as gone on the actual perpetrators have somehow not gotten the lion's share of the blame and it always gets under my skin. If anything the government saved us from a much worse/longer recession, yet here we are eight years later rolling back regulations across the board and trusting big business to do what's best for the people again. Anyway, rant over. Sorry I mixed you up in it. Carry on.
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Sammy3469
Footballguy
sho nuff
Footballguy
Bush's tax cuts are still in place. Obama's economic policy consisted of a stimulus which has since expired. The only lingering effect from Obama was.......
to extend Bush's tax cuts.
sho nuff
Footballguy
TobiasFunke
Footballguy
Saying a stimulus "expired" is absurd. It's like saying a putt "expires" after your club makes contact with the ball.
Ramsay Hunt Experience
Footballguy
I’m thinking of pivoting from bad puns and homoerotic jokes about French strikers to block chain.
Dr Oadi
Footballguy
You know what makes the economy great?
people.
why is Venezuela the way it is?
why is America the wY it is?
Two like minded leaders.
To To shambles of an economy.
The people make an economy.
When the stranglehold around the people gets tight enough.
They give up.
Modern day Latin economies.
Venezuela the biggest example.
Free themselves from the government stranglehold.
Whats the largest gdp nation if illegals in America was a Nation?
No one done that study?
Well the most oppressed peoples of all times black America was a Nation it’s like 13.
That was before ObAma so it may be lower don’t sue me.
but anyway economic freedom.
the people make the economy.
dont give them a reason to give up.
human nature is defeatist.
The amount of liberals in the world today proves that.
people.
why is Venezuela the way it is?
why is America the wY it is?
Two like minded leaders.
To To shambles of an economy.
The people make an economy.
When the stranglehold around the people gets tight enough.
They give up.
Modern day Latin economies.
Venezuela the biggest example.
Free themselves from the government stranglehold.
Whats the largest gdp nation if illegals in America was a Nation?
No one done that study?
Well the most oppressed peoples of all times black America was a Nation it’s like 13.
That was before ObAma so it may be lower don’t sue me.
but anyway economic freedom.
the people make the economy.
dont give them a reason to give up.
human nature is defeatist.
The amount of liberals in the world today proves that.
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