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what can be said of the trump economy?
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Oct 15, 2018 12:09:18   #
jack sequim wa Loc: Blanchard, Idaho
 
permafrost wrote:
Jack,

We are governed by a minority.. the orange wretch is the head of a sliver of our nation that somehow by hook and crook got put in power.. new more and more of our centuries old reputation is being destroyed by
as self serving, uninformed spoiled child of a man..

the conservatives, which for some unfathomable reason support this thing in the White house are counted they come out to about 30 million..

If not for the many momentary reasons that came to gether, he would never have soiled our white house.

i think the biggest single reason was complacency.. the polls, right up the day before e******n insisted a run away loss for the orange con..

So many sat on their lazy butt, didn`t v**e or v**ed 3rd party as a symbol..

Will we see them git off the couch and v**e for several e******ns? If they will, we may yet save our country..

But with the tactics of the GOP/Right wing, I t has to be a fearsome battle.. we have to be as rotten filthy scheming as the right wing republicans..

That seems to be a formidable task to place on the shoulder of real Americans..
Jack, br br We are governed by a minority.. the o... (show quote)




I think you missed the message I was intending found within the link.
If Trump pulls it off the rich will get richer but the middle class will return in far greater numbers and far greater wealth, the poor will benefit with the surge in residual support growth.
Im in partial agreement with your statement but if you look farther down the rabbit hole

Reply
Oct 15, 2018 12:15:28   #
permafrost Loc: Minnesota
 
jack sequim wa wrote:
Every letter and every dot.. Obama pulled out our economy faster..... False, false, false.
Economist can dissect data, leave out data to conform a conclusion solely political. Which is exactly what this very deceptive journalist and economist have so blantonly done.

Trump is not the dummy so many make him out to be. He is a blurter. My wife is among the highest 1% IQ's but her weakness is her mouth, she blurts out, thinks later. "I probably shouldn't have said that" is something I here regularly and Trumps same weakness.
I think the trade war is a smoke screen and if both the l*****t and far right would step out of his way, better faster changes would take place.

Most do not understand the interlocking world economy with America's economy and not understanding the world's economy, its impossible to understand America's economy.

Here is an example of what Trump is trying to accomplish and if he does, the middle class will grow by several hundred percent, the GDP will easily double.

http://www.cnbc.com/2018/07/06/a-major-factor-behind-the-us-china-trade-war-is-winning-in-a-crucial-t.html
Every letter and every dot.. Obama pulled out our ... (show quote)




Very interesting link about 5G... as usual, it is tech so I know almost nothing about it..

I had read the China had a head start on US companies..

While I see no direct connection with the tariffs, I will let that go for now..

One more item to worry about.. I did find the closing paragraphs concerning who and why the winner could be, both logical and worrisome

while we perhaps could/will have one winner in the 5G race, as stated we have a number of 4G providers in the states and Europe.

So should that not be the case with 5G? Or is it a winner take all situation?? If so, I see a lot of trouble for America..

Reply
Oct 15, 2018 12:20:26   #
Sicilianthing
 
jack sequim wa wrote:
Your right, but I also think many of Trumps policies are extending the inevitably.

I don't think in these conversations many are aware we never had a "great Recession" based on accounting used in 1920's-1930's and t***slate it into how we calculate the last decade plus, we had a greater depression that 29. Far, far greater camouf**ged with welfare, food stamps, unemployment benefits extended two years, and trillions of dollars in QE. not to mention over 7 trillion QE that isn't on the books.
Using the t***h that we entered the greatest depression in 08/09 in history, better hellos others understand we are still in the depression but artificially being bubble gum and duct taped together just as Japan, The UK, Europe, China and Russia.
The question remains, is it a day, week, month or year when everything unravels. Even the elite of the elite won't escape it.
Your right, but I also think many of Trumps polici... (show quote)


>>>>

Great Post JACK !

Seriously, you nailed it... I’ve been studying this thing for years... and it just doesn’t add up which means most of us are in some sort of trouble soon.

Reply
 
 
Oct 15, 2018 13:18:48   #
old marine Loc: America home of the brave
 
Liberty Tree wrote:
No matter what he does you will always find some way to criticize Tump. If he gave you a goose that laid solid gold eggs you would complain that the goose was the wrong color.


Agreed.

The egg didn't weigh enough. The egg was the wrong shape. Never satisfied.

Reply
Oct 15, 2018 19:35:17   #
son of witless
 
permafrost wrote:
Tons of jobs, stock market out of its mind making money, wages up near 2%, how could I have any issue with the currect economy..

Well it all feels wrong.. nothing changed in my neck of the woods.. Same as we were in 2010.. why do I lay awake and worry about my grand kids and others making a living?

Looking for workers, need people. trained people.. money invested in updating many of the small business which make up the arrowhead of Minnesota..

Iron mining back to booming. but much opposition to nearly approved copper/nickel mining done by foreign companies..

so lets ask some experts, who have studied this boring stuff for a life time..

John Brazier is one of those who find economics so interesting he makes a living teaching it..

part of an article by him which he did not link, so all I have is the part I post..

>>>>>

I’m just going to focus on one area: the economy. Remember, despite Republican defiance and int***sigence, Obama hauled the US economy out of a massive recession and did it more quickly than any other country in the world (even though one might question some of his actions).

Trump, in the space of around 6 months - because he knows nothing about economics - has done the following:

Given a huge tax break to the wealthy and the corporations. This is meant to revitalize the economy. Unfortunately, the corporates don’t use it for investment but for share buy-backs, which artificially raises their stock value and thus raises the execs’ bonuses. The wealthy simply invest in the stock market, which further artificially raises the whole stock market value. The small amount that does make it to real business investment will actually do little because (a) the USA is near full employment: you can’t find people to fill the jobs, which causes wage inflation - the economy is overheating, and (b) we’re late in the business cycle: a slowdown is coming.
With the tax break, he has also declared a trade war with the whole of the world. These together significantly limits the government’s income, leading to more borrowing. In addition, Trump now has to borrow more so that he can subsidize soya farmers (for example) to keep them on-side during the war. The trade war will also directly hit US businesses, reducing their sales and profits, so slowing the economy down.
Trump is trying to stop the Fed from raising interest rates - which they must to (a) contain inflation, and (b) have enough ammunition in the interest rate to cut rates when the coming global recession will hit (and it is coming).
All these things are unfunded. The tax bill alone will increase the national debt by 1 to 2 trillion in the next few years; it is impossible to predict the borrowings needed for the trade war.
So Trump has created a huge bubble, riding on a perfect storm of unneeded stimulus, whilst simultaneously doing everything he can to shut down income flows - to both business and the government. And he’s trying to undermine the one institution that has the responsibility for trying to navigate the mess.

The result will be, come the next recession, an enormous crash which has the potential to make 2008 look like the warm-up act. For some time afterwards the economy will be a basket case and, which is unusual, one single culprit can and will be pointed out: Trump (with backup from the Republican party, who have appeared to have gone insane and abandoned everything they stood for, especially fiscal probity). He will go down in history as a terrible warning as to how the USA can screw up big-time if it really puts its mind to it.

So watch for the next few years: it could happen tomorrow, it could be years away. But it’s coming.

Just a final little stat to underline the great Trump competence. Remember his great stump promise about saving the coal miners? Well, the coal industry is cutting capacity and closing mines faster now than when Trump came into office: precisely as predicted by those who remain sane. Trump is now trying to stop it by Exec Order: sadly, economics will win.
Tons of jobs, stock market out of its mind making ... (show quote)


So you are predicting that some day the Trump boom will end. Daaaaaaaaaaaaaaaaaaaaaa. Economics are cyclical. Daaaaaaaaaaaaaaaaaaaaa. In the meantime Trump is reversing the damage your i***t Obama caused.

Yes one day you will be right. We will have a recession and you can pat yourself on the back that you called it. In the meantime people are working. Coal may continue to decline because of the underlying economics, but at least we no longer have a scumbag President stabbing the coal industry in the back too.

Reply
Oct 15, 2018 19:37:17   #
Bad Bob Loc: Virginia
 
son of witless wrote:
So you are predicting that some day the Trump boom will end. Daaaaaaaaaaaaaaaaaaaaaa. Economics are cyclical. Daaaaaaaaaaaaaaaaaaaaa. In the meantime Trump is reversing the damage your i***t Obama caused.

Yes one day you will be right. We will have a recession and you can pat yourself on the back that you called it. In the meantime people are working. Coal may continue to decline because of the underlying economics, but at least we no longer have a scumbag President stabbing the coal industry in the back too.
So you are predicting that some day the Trump boom... (show quote)


$100

Reply
Oct 15, 2018 20:00:58   #
permafrost Loc: Minnesota
 
son of witless wrote:
So you are predicting that some day the Trump boom will end. Daaaaaaaaaaaaaaaaaaaaaa. Economics are cyclical. Daaaaaaaaaaaaaaaaaaaaa. In the meantime Trump is reversing the damage your i***t Obama caused.

Yes one day you will be right. We will have a recession and you can pat yourself on the back that you called it. In the meantime people are working. Coal may continue to decline because of the underlying economics, but at least we no longer have a scumbag President stabbing the coal industry in the back too.
So you are predicting that some day the Trump boom... (show quote)




Coal!!! and you truly think that pushing back new technology and breathing that black dust is worth anything at all??

I find it incredible that anyone would want to hang on to coal.. even Natural gas is a better alternative..

we should indeed have kept President Obama clean energy program.. we should also charge f****l f**l for the health cost they put on our society..

I prefer my world staying beautiful..
I prefer my world staying beautiful.....

Reply
 
 
Oct 15, 2018 20:58:05   #
archie bunker Loc: Texas
 
permafrost wrote:
Coal!!! and you truly think that pushing back new technology and breathing that black dust is worth anything at all??

I find it incredible that anyone would want to hang on to coal.. even Natural gas is a better alternative..

we should indeed have kept President Obama clean energy program.. we should also charge f****l f**l for the health cost they put on our society..


Coal is my friend.
The heat coming from my furnace comes from electricity generated by a coal fired power plant. I like coal.
Also, a coal forge works better for heating metal for b****smithing projects.

Put a windmill, some solar panels, and toxic batteries on YOUR place, and leave the rest of us alone, will ya?

Reply
Oct 15, 2018 21:16:05   #
permafrost Loc: Minnesota
 
archie bunker wrote:
Coal is my friend.
The heat coming from my furnace comes from electricity generated by a coal fired power plant. I like coal.
Also, a coal forge works better for heating metal for b****smithing projects.

Put a windmill, some solar panels, and toxic batteries on YOUR place, and leave the rest of us alone, will ya?




gee, My heat comes from LP gas.. however my electricity comes from a generator powered by natural gas.. so much better for North Dakota that they no longer depend on coal..

Coal forge... interesting..

I always wanted todo that windmill/solar panel thing, but the tech was not up to it when I was so young and energetic..

Now they sell it all at the local building center, but I am to old to climb the roof..

My roof
My roof...

Reply
Oct 15, 2018 22:21:14   #
Seth
 
permafrost wrote:
Coal!!! and you truly think that pushing back new technology and breathing that black dust is worth anything at all??

I find it incredible that anyone would want to hang on to coal.. even Natural gas is a better alternative..

we should indeed have kept President Obama clean energy program.. we should also charge f****l f**l for the health cost they put on our society..


Now picture yourself living in a town where coal mining is all there is, the sole means of support for 75% of the men living there, paying mortgages, maybe, property taxes and trying to raise a family. All this leaves you little to save, and the town isn't exactly a Mecca for incoming home buyers.

Then the fine folks in Washington DC implement anti-coal regulations that almost overnight make your and most of your friends' and acquaintances livelihoods disappear. There are no alternatives where you and your family are virtually stuck, you simply can't afford to relocate and...

These same people in Washington DC offer you no immediate alternatives for earning a living.

Do you think they -- in that particular case the Obama Administration, or the big city Democrats or any Democrats at all, for that matter, OR any environmental groups, give a flying (insert expletive), or even spare you a passing thought?

Of course not, to them it's simply another box checked on a liberal, to-hell-with-the-unwashed-masses political to-do list, they pat themselves on the back and go about their business.

And so many people are amazed, to this day, that Donald T***p w*n the e******n?

The shameless lack of empathy among the Democrats and their fellow travelers is grossly inhuman in every way, shape and form.

Reply
Oct 15, 2018 22:49:08   #
Sicilianthing
 
Seth wrote:
Now picture yourself living in a town where coal mining is all there is, the sole means of support for 75% of the men living there, paying mortgages, maybe, property taxes and trying to raise a family. All this leaves you little to save, and the town isn't exactly a Mecca for incoming home buyers.

Then the fine folks in Washington DC implement anti-coal regulations that almost overnight make your and most of your friends' and acquaintances livelihoods disappear. There are no alternatives where you and your family are virtually stuck, you simply can't afford to relocate and...

These same people in Washington DC offer you no immediate alternatives for earning a living.

Do you think they -- in that particular case the Obama Administration, or the big city Democrats or any Democrats at all, for that matter, OR any environmental groups, give a flying (insert expletive), or even spare you a passing thought?

Of course not, to them it's simply another box checked on a liberal, to-hell-with-the-unwashed-masses political to-do list, they pat themselves on the back and go about their business.

And so many people are amazed, to this day, that Donald T***p w*n the e******n?

The shameless lack of empathy among the Democrats and their fellow travelers is grossly inhuman in every way, shape and form.
Now picture yourself living in a town where coal m... (show quote)


>>>>

Hire a White or Black True Born American Roofing Company staffed with the same Patriots to do the work.

Ph******K the Wetbacks and i******s for Cheap LABOR !

Reply
 
 
Oct 15, 2018 23:53:21   #
Hadenough
 
Bad Bob wrote:
Trump's debt will still be with our grandchildren.


And so will obummers. How soon you forget, dementia?

Reply
Oct 16, 2018 00:59:26   #
badbob85037
 
permafrost wrote:
Tons of jobs, stock market out of its mind making money, wages up near 2%, how could I have any issue with the currect economy..

Well it all feels wrong.. nothing changed in my neck of the woods.. Same as we were in 2010.. why do I lay awake and worry about my grand kids and others making a living?

Looking for workers, need people. trained people.. money invested in updating many of the small business which make up the arrowhead of Minnesota..

Iron mining back to booming. but much opposition to nearly approved copper/nickel mining done by foreign companies..

so lets ask some experts, who have studied this boring stuff for a life time..

John Brazier is one of those who find economics so interesting he makes a living teaching it..

part of an article by him which he did not link, so all I have is the part I post..

>>>>>

I’m just going to focus on one area: the economy. Remember, despite Republican defiance and int***sigence, Obama hauled the US economy out of a massive recession and did it more quickly than any other country in the world (even though one might question some of his actions).

Trump, in the space of around 6 months - because he knows nothing about economics - has done the following:

Given a huge tax break to the wealthy and the corporations. This is meant to revitalize the economy. Unfortunately, the corporates don’t use it for investment but for share buy-backs, which artificially raises their stock value and thus raises the execs’ bonuses. The wealthy simply invest in the stock market, which further artificially raises the whole stock market value. The small amount that does make it to real business investment will actually do little because (a) the USA is near full employment: you can’t find people to fill the jobs, which causes wage inflation - the economy is overheating, and (b) we’re late in the business cycle: a slowdown is coming.
With the tax break, he has also declared a trade war with the whole of the world. These together significantly limits the government’s income, leading to more borrowing. In addition, Trump now has to borrow more so that he can subsidize soya farmers (for example) to keep them on-side during the war. The trade war will also directly hit US businesses, reducing their sales and profits, so slowing the economy down.
Trump is trying to stop the Fed from raising interest rates - which they must to (a) contain inflation, and (b) have enough ammunition in the interest rate to cut rates when the coming global recession will hit (and it is coming).
All these things are unfunded. The tax bill alone will increase the national debt by 1 to 2 trillion in the next few years; it is impossible to predict the borrowings needed for the trade war.
So Trump has created a huge bubble, riding on a perfect storm of unneeded stimulus, whilst simultaneously doing everything he can to shut down income flows - to both business and the government. And he’s trying to undermine the one institution that has the responsibility for trying to navigate the mess.

The result will be, come the next recession, an enormous crash which has the potential to make 2008 look like the warm-up act. For some time afterwards the economy will be a basket case and, which is unusual, one single culprit can and will be pointed out: Trump (with backup from the Republican party, who have appeared to have gone insane and abandoned everything they stood for, especially fiscal probity). He will go down in history as a terrible warning as to how the USA can screw up big-time if it really puts its mind to it.

So watch for the next few years: it could happen tomorrow, it could be years away. But it’s coming.

Just a final little stat to underline the great Trump competence. Remember his great stump promise about saving the coal miners? Well, the coal industry is cutting capacity and closing mines faster now than when Trump came into office: precisely as predicted by those who remain sane. Trump is now trying to stop it by Exec Order: sadly, economics will win.
Tons of jobs, stock market out of its mind making ... (show quote)


Oh it's you.I don't read your post cause all of you must have the same mother and call her sister. You can show your dislike a lot better if you send me your tax cut. Economy grows with tax cuts. It worked for Bush, it worked for Reagan, and it worked for Trump. More money means more bought. more bought means more jobs. More jobs means more tax payers. tax payer happy he has job. Government happy it has more tax payers But just like every issue out there your party of limp wrist L*****t are wrong and will never get it right. So go to your Party that thinks 22 million i******s is good, flooding the nation with the same lower life forms that trash Europe is good. The Constitution is bad. Tax cuts are bad and hillary isn't the Devil.

Reply
Oct 16, 2018 02:15:13   #
JoyV
 
permafrost wrote:
Tons of jobs, stock market out of its mind making money, wages up near 2%, how could I have any issue with the currect economy..

Well it all feels wrong.. nothing changed in my neck of the woods.. Same as we were in 2010.. why do I lay awake and worry about my grand kids and others making a living?

Looking for workers, need people. trained people.. money invested in updating many of the small business which make up the arrowhead of Minnesota..

Iron mining back to booming. but much opposition to nearly approved copper/nickel mining done by foreign companies..

so lets ask some experts, who have studied this boring stuff for a life time..

John Brazier is one of those who find economics so interesting he makes a living teaching it..

part of an article by him which he did not link, so all I have is the part I post..

>>>>>

I’m just going to focus on one area: the economy. Remember, despite Republican defiance and int***sigence, Obama hauled the US economy out of a massive recession and did it more quickly than any other country in the world (even though one might question some of his actions).

Trump, in the space of around 6 months - because he knows nothing about economics - has done the following:

Given a huge tax break to the wealthy and the corporations. This is meant to revitalize the economy. Unfortunately, the corporates don’t use it for investment but for share buy-backs, which artificially raises their stock value and thus raises the execs’ bonuses. The wealthy simply invest in the stock market, which further artificially raises the whole stock market value. The small amount that does make it to real business investment will actually do little because (a) the USA is near full employment: you can’t find people to fill the jobs, which causes wage inflation - the economy is overheating, and (b) we’re late in the business cycle: a slowdown is coming.
With the tax break, he has also declared a trade war with the whole of the world. These together significantly limits the government’s income, leading to more borrowing. In addition, Trump now has to borrow more so that he can subsidize soya farmers (for example) to keep them on-side during the war. The trade war will also directly hit US businesses, reducing their sales and profits, so slowing the economy down.
Trump is trying to stop the Fed from raising interest rates - which they must to (a) contain inflation, and (b) have enough ammunition in the interest rate to cut rates when the coming global recession will hit (and it is coming).
All these things are unfunded. The tax bill alone will increase the national debt by 1 to 2 trillion in the next few years; it is impossible to predict the borrowings needed for the trade war.
So Trump has created a huge bubble, riding on a perfect storm of unneeded stimulus, whilst simultaneously doing everything he can to shut down income flows - to both business and the government. And he’s trying to undermine the one institution that has the responsibility for trying to navigate the mess.

The result will be, come the next recession, an enormous crash which has the potential to make 2008 look like the warm-up act. For some time afterwards the economy will be a basket case and, which is unusual, one single culprit can and will be pointed out: Trump (with backup from the Republican party, who have appeared to have gone insane and abandoned everything they stood for, especially fiscal probity). He will go down in history as a terrible warning as to how the USA can screw up big-time if it really puts its mind to it.

So watch for the next few years: it could happen tomorrow, it could be years away. But it’s coming.

Just a final little stat to underline the great Trump competence. Remember his great stump promise about saving the coal miners? Well, the coal industry is cutting capacity and closing mines faster now than when Trump came into office: precisely as predicted by those who remain sane. Trump is now trying to stop it by Exec Order: sadly, economics will win.
Tons of jobs, stock market out of its mind making ... (show quote)


You sure this is an economist? Economists usually write very dry without the emotional hype. But then again you said he TEACHES economics. Professors and teachers at today's colleges either tow the line on conservative or Trump bashing, or for the few who don't they keep their heads down.

Like most other partisan Trump economy bashers, he says a lot about what WILL happen because of the tax cut, but not what HAS happened. Does he use tarot cards or a crystal ball?

Stock market is volatile and more tied to perceptions of the future economy, not the economy of the moment. It is an indicator of the economy bit only a weak one. Jobs, construction, and GDP are far better indicators. The types of businesses which actually produce a product instead of making their money off of stock market trading, are the ones which create jobs. Jobs aren't created by Wall Street.

And the tax cut had nothing to do with the trade war! Even a burger flipper can tell you that it is tariffs which has affected the trade war. Not tax cuts.

Don't know where you get your info on coal mining. But according to the EIA 2017 report, coal mining productivity in the United States increased 26%, reaching 6.8 tons per miner hour in 2017, up from 5.4 tons per miner hour, according to EIAs Annual Coal Report and data from the Mine Safety and Health Administration (MSHA). Coal miners in West Virginia also tell another story. https://www.theepochtimes.com/trump-coal-miners-celebrate-resurgence-in-west-virginia_2630286.html

Some places mines are closing. Other are opening or reopening. The greatest increase has been in the Powder River area. West Virginia is also high on the list.

Note the chart showing mine employment. It was in a nose dive for years. Since Trump was elected it has begun to increase.



Reply
Oct 16, 2018 02:48:17   #
JoyV
 
permafrost wrote:
Coal!!! and you truly think that pushing back new technology and breathing that black dust is worth anything at all??

I find it incredible that anyone would want to hang on to coal.. even Natural gas is a better alternative..

we should indeed have kept President Obama clean energy program.. we should also charge f****l f**l for the health cost they put on our society..


You can't make steel with natural gas!!!!

Our steel mills closed because of the progressives war on coal. So we had to buy steel abroad. Mostly inferior steel from China. We were dependent on China for the steel to make our military equipment. Now with our better quality coal, and American knowhow, we can get back to making quality steel for ourselves and for export. But it can never happen without coal.

Reply
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