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Opinions & Editorials Discuss The U.S. economy is solid, but there’s no ‘Trump bump’ at the General Forum; Originally Posted by saltwn markets don't like uncertainty. but construction was inevitable since the economy including the stock market has ...

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  #21 (permalink)  
Old 08-14-2017, 04:07 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

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Originally Posted by saltwn View Post
markets don't like uncertainty. but construction was inevitable since the economy including the stock market has been on a pretty steady 7 year rise.
Lol, then why didn't it happen until Trump got elected?
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  #22 (permalink)  
Old 08-14-2017, 04:10 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

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Originally Posted by Mikeyy View Post
Things were good 6 months ago and Trump wasn't in office. You guys and your etch a sketch memories crack me up.
Trump WAS in office 6 months ago, what's WRONG with you?
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  #23 (permalink)  
Old 08-14-2017, 04:42 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

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Originally Posted by Mikeyy View Post
Or

Since President Barack Obama first took office:

The economy has added nearly 10.7 million jobs.
Median household income has gone up $1,140, or 2 percent.
The buying power of the average worker’s weekly paycheck is up 4.2 percent.
Median sales prices of existing single-family homes are up 23 percent.
The unemployment rate has dropped well below the historical norm; job openings are at a 15-year high.
Corporate profits and stock prices have both soared to record highs.
The number of people lacking health insurance has gone down by 16.5 million.
The murder rate is down nearly 5 percent, despite an increase in 2015.
The number of unauthorized immigrants estimated to be living in the U.S. is down, according to demographers.
Wind and solar power have quadrupled; coal production has dropped 36 percent; carbon emissions have gone down 12 percent.
However, the poverty rate is still 0.3 percentage points higher, and the number of Americans on food stamps is up nearly 36 percent.
Federal debt has more than doubled, and annual federal deficits, after shrinking, are again on the rise.
The home ownership rate has dropped to the lowest point in more than 50 years.
Handgun production has more than doubled.
I don't think you get it Mikeyy but most of the data you posted reflects exactly what conservatives have been saying. And one cannot help but note that the start line was when he took office things were falling apart two years prior. Thus making it the slowest recovery since the Great Depression.

By the stats...;

The rich got richer and the poor got poorer.

Stock market soared and so did the number of people on food stamps

Unemployment at 5% had Bush 43 on the hot seat. But labor participation is lowest inover40 years. Translated that means more people on the dole and less taxable income being created.

BTW 2% rise in wages doesn't compete with an8- to 10% rise in consumer prices
Border apprehension went down yet illegal immigration went up.

GITMO population did decrease meaning we did not apprehend foreign terrorists. The world in which Obama won a "peace "prize for getting elected POTUS, is now worse off than ever.

I don't know that our new President Trump will do any better. But your posted "fact" sheet points out a less than stellar performance by the anti colonial progressive from Kenya. I'm surprised you posted it.
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Old 08-14-2017, 10:15 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

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Originally Posted by FrancSevin View Post
I don't think you get it Mikeyy but most of the data you posted reflects exactly what conservatives have been saying. And one cannot help but note that the start line was when he took office things were falling apart two years prior. Thus making it the slowest recovery since the Great Depression.

By the stats...;

The rich got richer and the poor got poorer.

Stock market soared and so did the number of people on food stamps

Unemployment at 5% had Bush 43 on the hot seat. But labor participation is lowest inover40 years. Translated that means more people on the dole and less taxable income being created.

BTW 2% rise in wages doesn't compete with an8- to 10% rise in consumer prices
Border apprehension went down yet illegal immigration went up.

GITMO population did decrease meaning we did not apprehend foreign terrorists. The world in which Obama won a "peace "prize for getting elected POTUS, is now worse off than ever.

I don't know that our new President Trump will do any better. But your posted "fact" sheet points out a less than stellar performance by the anti colonial progressive from Kenya. I'm surprised you posted it.
the food stamp argument is crap. more people needed them after the crash killed jobs and people lost homes in a housing scam, stocks fell because white collars up had to come down; and etc.
less illegals entered the country and more were law enforcement deported and self deported.
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Old 08-14-2017, 10:25 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

Obama had an economy that was serious trouble he did things against the wishes of many on the right but it helped stop the bleeding. You complain that growth hadn't happened as fast as you would have wanted after deflecting us from a depression. But our economy grew without a Bullshlt housing bubble that it was running on before. Our economy outpaced the rest of the world. All you will ever do is trash this black POTUS. The economy is solid because it hasn't been built on BS. Now the right will go back to their old game of cutting regulations that were put in place to protect us all from big banks run amok. Then the right will cut taxes on corporations and ignore our debt like they always do in an attempt to gamble us out of the debt. Been there seen it before.

Quote:
Originally Posted by FrancSevin View Post
I don't think you get it Mikeyy but most of the data you posted reflects exactly what conservatives have been saying. And one cannot help but note that the start line was when he took office things were falling apart two years prior. Thus making it the slowest recovery since the Great Depression.

By the stats...;

The rich got richer and the poor got poorer.

Stock market soared and so did the number of people on food stamps

Unemployment at 5% had Bush 43 on the hot seat. But labor participation is lowest inover40 years. Translated that means more people on the dole and less taxable income being created.

BTW 2% rise in wages doesn't compete with an8- to 10% rise in consumer prices
Border apprehension went down yet illegal immigration went up.

GITMO population did decrease meaning we did not apprehend foreign terrorists. The world in which Obama won a "peace "prize for getting elected POTUS, is now worse off than ever.

I don't know that our new President Trump will do any better. But your posted "fact" sheet points out a less than stellar performance by the anti colonial progressive from Kenya. I'm surprised you posted it.
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Old 08-15-2017, 02:35 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

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Originally Posted by saltwn View Post
you guys still dont get the depression do ya?
without bush and obama's actions with the blessings of mccain that's what our tails would have been in was a DEpression. instead we had a DEEP REsession. And all those extra foodstamps you complain about went to people who had lost their jobs.
Still we COULD have actually boomed but the opposition to obama did not want that.
believe the spin
but you are dead wrong
What depression are you talking about?

Bush and Obama's actions did nothing but put off the inevitable. The housing market was way over priced and the bundled securities were nothing but junk, but where were being sold like triple A bonded securities.

All that happened was the fed printed a gob of money and injected it into the system. Sure, that put off the crash for the time being, but it didn't solve the problem. All it did was inflate the market and lower the value of the dollar.

Bush and Obama didn't want the crash to happen on their watch, so they played along.

What should have happened was to let the banks fail, let the market fail and keep the government out of it. Sure, people would have lost a lot of money, but the market would have reset and picked back up once those bad securities were abolished.

But you fail to address how it even got to that point. It was due to Clinton and Janet Reno forcing banks to drop their lending standards for home loans in a effort to spur home ownership by those that in years prior could never afford the load because they hadn't saved money to put down on the loan. The liberals felt this was unfair and Janet Reno threatened the banks with the DOJ if they didn't lower the lending standards. This eventually caught up to the market as housing prices then began to artificially rise due to the surge of new prospective buyers in the market. It became a sellers market and a lot of people got rich for doing nothing.

If you want to learn more, just Google President Carter and the CRA (Community reinvestment act). The housing crisis can be traced back to that.

Here is a good article that explains the whole thing, if you care to read it.
Articles: Why the Mortgage Crisis Happened
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Old 08-15-2017, 02:54 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

Quote:
Originally Posted by Mikeyy View Post
Obama had an economy that was serious trouble he did things against the wishes of many on the right but it helped stop the bleeding. You complain that growth hadn't happened as fast as you would have wanted after deflecting us from a depression. But our economy grew without a Bullshlt housing bubble that it was running on before. Our economy outpaced the rest of the world. All you will ever do is trash this black POTUS. The economy is solid because it hasn't been built on BS. Now the right will go back to their old game of cutting regulations that were put in place to protect us all from big banks run amok. Then the right will cut taxes on corporations and ignore our debt like they always do in an attempt to gamble us out of the debt. Been there seen it before.
Like I said, "facts" really mean little to you.
There's not mush sense in speaking sense to a fool.
enjoy
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Old 08-15-2017, 03:23 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

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Originally Posted by GetAClue View Post
What depression are you talking about?

Bush and Obama's actions did nothing but put off the inevitable. The housing market was way over priced and the bundled securities were nothing but junk, but where were being sold like triple A bonded securities.

GetAClue, you need to understand that Relators and lenders were making false applications for buyers. Stating they earn much more than they did, so they could buy the dwellings.

That is what brought the housing market down, plus as you stated junk bonds....


All that happened was the fed printed a gob of money and injected it into the system. Sure, that put off the crash for the time being, but it didn't solve the problem. All it did was inflate the market and lower the value of the dollar.

Bush and Obama didn't want the crash to happen on their watch, so they played along.

What should have happened was to let the banks fail, let the market fail and keep the government out of it. Sure, people would have lost a lot of money, but the market would have reset and picked back up once those bad securities were abolished.

Many smaller banks did fail, remember!

The markets would reset but the players would have dropped trillions which would not reset.


But you fail to address how it even got to that point. It was due to Clinton and Janet Reno forcing banks to drop their lending standards for home loans in a effort to spur home ownership by those that in years prior could never afford the load because they hadn't saved money to put down on the loan.
The liberals felt this was unfair and Janet Reno threatened the banks with the DOJ if they didn't lower the lending standards. This eventually caught up to the market as housing prices then began to artificially rise due to the surge of new prospective buyers in the market. It became a sellers market and a lot of people got rich for doing nothing.

........... Right on! This house sold at over priced to me.. But the home I sold in IN., got a big increase to.

If you want to learn more, just Google President Carter and the CRA (Community reinvestment act). The housing crisis can be traced back to that.

Here is a good article that explains the whole thing, if you care to read it.
Articles: Why the Mortgage Crisis Happened
Nice post...
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  #29 (permalink)  
Old 08-15-2017, 05:17 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

The OP is actually based on a presumption that may, or may not, even be true. I'm not so sure the USA economy is "solid." As Salty's Opening post suggests.

Right now there is an optimism felt by those of us close to the action, but we can already see some fault lines beginning to form as the promises of the Congress to deal with Obamacare and Tax reform have not been accomplished.

Ryan and McConnell said things would be done by August recess. They were mistaken. Or they lied. Either way, if they don't get it done by the end of this year's legislative session, the euphoria of the so called "Trump Surge" will evaporate.

And I can guarantee that every single pundit ( and lefty poster here), who denies President Trump credit for the bump, will quickly change their logic and measure, to blame him for it's failure.
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Old 08-15-2017, 09:01 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

Quote:
Originally Posted by FrancSevin View Post
The OP is actually based on a presumption that may, or may not, even be true. I'm not so sure the USA economy is "solid." As Salty's Opening post suggests.

Right now there is an optimism felt by those of us close to the action, but we can already see some fault lines beginning to form as the promises of the Congress to deal with Obamacare and Tax reform have not been accomplished.

I heard today that with Federal Govt. not paying into O.C. that the cost will sore for any coverage. Now I wasn't paying close attention to all of what was said.

Ryan and McConnell said things would be done by August recess. They were mistaken. Or they lied. Either way, if they don't get it done by the end of this year's legislative session, the euphoria of the so called "Trump Surge" will evaporate.

And I can guarantee that every single pundit ( and lefty poster here), who denies President Trump credit for the bump, will quickly change their logic and measure, to blame him for it's failure.
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