Listen to Trump at his rallies - 250,000 today, 300,000 on Saturday, 500,000 on Sunday, and Monday - âVote for me! I created One Million Jobs!!â
Thanks Pres. Obama. You wonât get nearly the credit you deserve.
Waiting for the Republican ads claiming credit for all 10 of those years of growth, all 100 of those monthsâŚ
Few things infuriate me more than reports about the supposedly roaring economy. Inflationâthe consumer price indexâis rising at the fastest levels in years. So no real rise in wages. More fundamentally, the budget deficit has rocketed to $779 million, an absolutely unprecedented number in a time of economic prosperity. It will keep rocketing to $1 trillion by 2020, and there is no plan to bring that down except by cuts to Social Security, Medicare etc. The GOP is bankrupting the country and nobody, not even Democrats, is talking about it.
Since Drumpf was quick to question the veracity of jobs numbers during the late Obama administration, it seems only appropriate that we should return the favour.
[quote=âriverstreet, post:2, topic:79929â]
âVote for me! I created One Million Jobs!!â
[/quote]âIn one month! And theyâre the best, highest paying jobs. And not one will go to an immigrant, I can tell you that. Or to anyone who criticizes me.â
Our economy is so huge, it takes a while for it to turn direction or lose momentum.The reason the futures are up this morning is because thereâs talk Trump will sign a trade deal with China. Still, the market gains are whatâs driving consumer confidence and spending. Remember the recent 3rd quarter GDP of 3,5%? The majority of that growth was due to consumer spending, not business spending:
Consumer spending was up another 4 percent in the third quarter and contributed nearly 2.7 percentage points to growth.
When we hit a real bear market, the consumer spending will pull back and many who retired early will be seeking to rejoin the job market. I donât know if we are in a real bear market now, we could be. The recent snap back could be temporary. Stealth bear markets will have ups and downs with the gradual trend towards lower lows during the sell offs and lower highs during the rallies.
Just to add an exclamation point to this misleading article, the banks expect a major crash imminently. The Senate Banking Committee, with the banks writing it, just passed new banking laws allowing the banks to confiscate all deposited funds as the country collapses into another major Great Depression.
This happened because the banks do not think the public would tolerate another Bail Out, due to Obama. Instead, the banks, with law enforcement support, will simply take all cash deposited for what is called by the banks and Senate, a âBail Inâ. Youâll never hear about this in the MSM, for sure. Read about it here, the only good article so far describing this new policy, which is likely to trigger civil war once implemented during our struggle to survive:
http://www.informationclearinghouse.info/50006.htm.
And real, accurate numbers are publicized and discussed here, with unemployment at 21.5% as of last May, 10% inflation and NO measurable economic growth - reality, not laughable distraction like most MSM writers:
http://www.informationclearinghouse.info/49632.htm.
So why is the average middle class family worse off then their parents? Adding 250,000 minimum wage jobs simply lines the pockets of the 1%
Lest anyone actually believe any of this misinformation, read the real situation here, the nightmare of living in the USA for 10s of millions:
https://www.truthdig.com/articles/robert-reich-the-trump-economy-is-not-what-it-appears/.
Misleading AP headline. Wage growth should always be inflation-adjusted to be meaningful. Inflation adjusted wage growth clocked in at 0.4%.
Why Iâll probably bet lots of those new jobs may be paying as much as $10 hour. Not exactly what anyone can survive on.
The AP article was seriously in the tank. This used to be a pretty common number for job growth, during a time when the labor force was smaller.
Admittedly,in an election cycle with no absentee/early/mail-in voting that jobs report would probably have a huge impact on the election. Weâre now 2 weeks into absentee/early/mail-in voting in a lot of states. We know pretty accurately how many people have already voted absentee/early and how many mail-in ballots have been received. No way to know how many mail-in ballots are still in the mail.
What goes up must come down. I suspect we will be dealing with a recession in the next year or two. How is Trump going to respond?
The US did not add 250,000 jobs. The headline number says we did but that is a statistically derived number, like all US government economic statistics. And every year the government dutifully adjusts the formulas for their âseasonal adjustmentsâ.
The payroll witholding numbers have been relatively weak and do not support the jobs numbers. Remember this, In Feb the government will benchmark the last years jobs numbers, using mainly the witholding data and lower the jobs numbers for 18. They will then alter the adjustment formula which will probably make 19âs jobs numbers worse than they actually are.
U.S. employers added a stellar 250,000 jobs last month and boosted average pay by the most in nearly a decade in an effort to attract and keep workers.
So, - if the number is so âstellarâ, why the need for the fear of âcaravan hordesâ? Clearly, the regime ONLY understands the concept of whipping their howling monkeys into a fear froth and turning in absurd, insane and annoying conspiracy theories that ultimately blow up in their faces. If they had one ounce of intelligence between all of them, theyâd try to get a broad spectrum of voters to come to their side by using something that appeals to a wide audience (i.e., jobs). I mean, go*ddamn this is just so stupid it really DOES burn.
Jesus, that Bail In plan sucks. I hope Dems address this issue when theyâre in power.