That 'booming' economy?

[jaF0]

Why Trump tariffs haven't revitalized American steelmakers
The Boston Globe | Mon Nov 04, 2019 22:35 UTC

Trump's 25 percent tariffs on imported steel have done little for the people they were supposed to help. Steel prices and company earnings have sunk, and investors have dumped their stocks.

 

[georgerb]

As posted elsewhere:

https://images.spot.im/image/upload/q_70,fl_lossy,dpr_3,c_limit/v200/bccf5c7eebab31965a548598db2e9c3d

DAMN! A 2012 post!!!!

 

[jaF0]

U.S. News // 56 minutes ago

Survey: More in U.S. say now not a 'good time to buy' a home

Fewer Americans believe now is a good time to buy a home -- a trend reflected for two consecutive months, a report by Fannie Mae said Thursday.

 

[magicalmoments]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the latest (3rd quarter) real GDP is running at in the USA. And, more importantly tell us what that means in terms of how the overall economy is performing according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

 

[DawnONight]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the latest (3rd quarter) real GDP is running at in the USA. And, more importantly tell us what that means in terms of how the overall economy is performing according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

Thank you for asking. GDP is in the healthiest state its been in quite a while.

Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019....

The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures (PCE), federal government spending, residential fixed investment, state and local government spending, and exports that were partly offset by negative contributions from nonresidential fixed investment and private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased....

The deceleration in real GDP in the third quarter reflected decelerations in PCE, federal government spending, and state and local government spending, and a larger decrease in nonresidential fixed investment. These movements were partly offset by a smaller decrease in private inventory investment, and upturns in exports and in residential fixed investment.

Current dollar GDP increased 3.5 percent, or $185.6 billion, in the third quarter to a level of $21.53 trillion. In the second quarter, GDP increased 4.7 percent, or $241.4 billion....​

Gross Domestic Product, Third Quarter 2019 (Advance Estimate) BEA (Oct. 30, 2019) (emphasis added).

 

[magicalmoments]

#183 above.
Thank you for that. I checked, and yes real GDP increased 1.9% in the last quarter.
That's a shame. According to trump that's a pointer to the economy being in deep trouble.
Oh dear!

 

[DawnONight]

P. Bedard, Small business ‘optimism' at record high, up 160% under Trump, Washington Examiner (Nov. 6, 2019).

 

[BotanyBoy]

P. Bedard, Small business ‘optimism' at record high, up 160% under Trump, Washington Examiner (Nov. 6, 2019).

Small business doing well and being optimistic gets the progressives mad as hell!!!

They'll be charging hard in the next year to come punish them all right out of business.

 

[magicalmoments]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the current trend is for bankruptcies, let's say the last two quarters, in the USA. And, more importantly tell us what that means in terms of how the overall economy is performing according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

 

[PrincepsCyberius]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the current trend is for bankruptcies, let's say the last two quarters, in the USA. And, more importantly tell us what that means in terms of how the overall economy is performing according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

Which classification of bankruptcy?

 

[magicalmoments]

Which classification of bankruptcy?

There are classifications of bankruptcies? Better go for all of them in that case. On a national basis.

 

[magicalmoments]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the latest trends are with job growth stats and unemployment stats in the USA. And, more importantly tell us what that means in terms of how the overall economy is performing according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

 

[DawnONight]

Median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years into the Trump presidency. This is tremendous news and documents substantial middle-class prosperity in Trump’s first three years in office.

The $5,003 rise in middle-class incomes is especially impressive given that incomes only rose by $1,200 in the seven years under Obama — after the recession ended....

The income numbers are prima facie evidence that not only the rich, but the majority of middle-income households have benefited financially from the Trump economic boom. This same data also undermines the other riff from the Elizabeth Warren crowd, which is that the Trump economic boom is merely a continuation of the Obama trend. The income gains are four times higher under Trump in less than half the number of years in office.​

S. Moore, Trump Economy Is Really Experiencing a Middle-Class Boom, Heritage (Nov. 12, 2019).

 

[Fuzzy1975]

Median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years into the Trump presidency. This is tremendous news and documents substantial middle-class prosperity in Trump’s first three years in office.

The $5,003 rise in middle-class incomes is especially impressive given that incomes only rose by $1,200 in the seven years under Obama — after the recession ended....

The income numbers are prima facie evidence that not only the rich, but the majority of middle-income households have benefited financially from the Trump economic boom. This same data also undermines the other riff from the Elizabeth Warren crowd, which is that the Trump economic boom is merely a continuation of the Obama trend. The income gains are four times higher under Trump in less than half the number of years in office.​

S. Moore, Trump Economy Is Really Experiencing a Middle-Class Boom, Heritage (Nov. 12, 2019).

I like this representation of the growth in median income. It shows the aggregate growth, which I think is important when studying trends

https://www.census.gov/library/stories/2019/09/us-median-household-income-up-in-2018-from-2017.html

 

[magicalmoments]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the current trend is for farming bankruptcies in the USA, let's say since the trade wars began. And, more importantly tell us what that means in terms of how the overall economy is performing according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

 

[jaF0]

Cummins Layoffs 2019: 2,000 Workers To Be Laid Off As Engine Demand Drops
International Business Times|2 hours ago
Columbus-based engine company Cummins Inc. (CMI) is reportedly laying off 2,000 salaried employees following a downturn in the trucking, construction, and power generation markets. The news of the layoffs was confirmed by company spokesman Jon Mills on Monday, but no information on which locations would be affected was provided, the Indy Star ...


This could be a big indicator.

 

[magicalmoments]

Seeing that I get told off for guessing at economic stats and also, I've never claimed to be an expert in economics, perhaps one of the resident republican experts on the politics board could tell us what the current state of the trade deficit is in the USA. I remember trump making a big thing of this claiming that the trade deficit was costing USA $500 billion a year and that he'd sort this out with easy to win trade wars with the countries taking advantage of USA. So... How's that all going for you according to the Trumpian theory of economic performance measures.

Don't forget to cite your sources as we shall be checking.

 

[The_Trouvere]

The main thing I have noticed about Trump's economy is that I get regular rent increases. A nearby drug store went out of business a year ago.

The stock market keeps rising because Trump's tax cuts for corporations have caused corporations to buy back their stock, raising the value of it.

 

[BotanyBoy]

The main thing I have noticed about Trump's economy is that I get regular rent increases. A nearby drug store went out of business a year ago.

All things considered that's probably your blue state, not Trumps economy.

 

[DawnONight]

The main thing I have noticed about Trump's economy is that I get regular rent increases. A nearby drug store went out of business a year ago.

The stock market keeps rising because Trump's tax cuts for corporations have caused corporations to buy back their stock, raising the value of it.

All things considered that's probably your blue state, not Trumps economy.

I live in a purple state, and our economy has boomed under Trump (although it's slowed a bit in the past year, since the governorship switched from Republican to Democrat).

 

[BotanyBoy]

I live in a purple state, and our economy has boomed under Trump (although it's slowed a bit in the past year, since the governorship switched from Republican to Democrat).

MN might be purple with a darker blue hue to it but it's still super moderate and NOTHING like the left coast or NE. Might as well be run by Libertarians compared to California. Growth ins't explosive but it is solid and widespread here. Money is moving around in Minnesota, people are spending, hustling, doing the do. I think as long as we keep it moderate we'll continue to prosper as a state.

My old man lives in DFW, he's in the excavation/materials bidnizz....he sets up and builds foundations for the foundation of buildings, roads etc. Moves and sells dirt/rocks....loves the hustle. Been crying for 2 years about what a great problem it is to have so much bidnizz you have to turn some of it away.

 

[dan_c00000]

MN might be purple with a darker blue hue to it but it's still super moderate and NOTHING like the left coast or NE.

Did you know that Minnesota has the most refugees per capita of any state in the US? Or that Minnesota's safety net programs put it at nearly double the national average? Or that Minnesota increased it's public school funding state-wide by half a billion dollars? Or that compared to nearby Wisconsin Minnestoa's economy is much better? So much better in fact that your alt, racist dawn, had to lie and makeup bullshit?

Poor racist bot he knows shit about shit and gets owned so fucking hard. I sense another anti-Semitic transphobic post coming from him or one of his alts very soon.

 

[BotanyBoy]

Did you know that Minnesota has the most refugees per capita of any state in the US? Or that Minnesota's safety net programs put it at nearly double the national average? Or that Minnesota increased it's public school funding state-wide by half a billion dollars? Or that compared to nearby Wisconsin Minnestoa's economy is much better? https://urbanmilwaukee.com/2019/09/04/data-wonk-comparing-wisconsin-and-minnesota/

Yea, so??

Never been against any of those things.

So much better in fact that your alt, racist dawn, had to lie and makeup bullshit?

Poor racist bot he knows shit about shit and gets owned so fucking hard. I sense another anti-Semitic transphobic post coming from him or one of his alts very soon.

And we're back to making things up like a retarded child again....poor Dan, sometimes you're almost a functioning human being.

 

[seeshelly]

Not sitting on the steps

There is a section of town that I sometimes drive through and the neighborhood is largely black. During the Obama years when I drove in that part of town I often noticed all kinds of young men just sitting on the steps of run-down homes wasting the day away. Obviously they were not part of the work force. But this past year I have noticed that those steps are no longer a resting place for unemployed men. That is because a lot of those guys now have jobs. That is why more and more black Americans are saying enough is enough with democratic bullshit promises.

I don't need Fox News or CNN to tell me what I am seeing with my own eyes. The Trump economy is making the USA economy great again. Imagine how many more people in poverty will be working and having better lives when he finishes his second term.

 

[dan_c00000]

Never been against any of those things.

Oh sure you aren't against those things it's only when women, the poor, black, gay, or Jewish people get them that you're suddenly not for them.

Also, I seem to recall you bitching every chance you get about having to pay taxes and yet, now after you've been massively and embarrassingly owned, you're suddenly for them?

Nice try bot but your racist hypocrisy is showing, again.