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Political discussion involving past and present political events, candidates and elections. Please read Msg #1 before posting.


Re: Economy
Posted by MikeC/TX of TX on 11/3/18 6:59pm Msg #72143
The strength of the economy can only be shown by what it means to YOUR pocket - and as you pointed out not everyone is seeing the benefits.

The stock market, the growth of which Trump has touted as a great achievement, is not the economy - but the DJIA is now LOWER than it was at the beginning of the year, which means that all annual gains were wiped out. He doesn't talk about that much anymore other than to blame the Fed (which had nothing to do with it). That's typical Trump - take credit for the good stuff, blame someone else when it goes south.

As far as wages are concerned, it's conveniently forgotten by the Trump cultists that wage growth is ALWAYS offset by inflation - so if the cost of living is going up, it's eroding whatever growth in wages we may have seen. And we still haven't seen the full effect of Trump's tariff war. Companies such as Ford are laying off workers because of it - how does that factor into job growth?

Finally, we should not be fooled by the job growth numbers - job growth in the first 21 months under Trump still lags the last 21 month under Obama by about 500,000. Job growth is continuing, and that's a good thing for our country, but the growth is not "historic".

Bottom line - the economy is growing now pretty much the same way it was growing before Trump got here. He wants you to believe that he goosed it - the facts tell us otherwise.
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Messages in this Thread
 Economy - FGX/NJ on 11/2/18 11:27am
 Re: Economy - Yoli/CA on 11/3/18 9:06am
 Re: Economy - Yoli/CA on 11/3/18 12:51pm
 Re: Economy - MikeC/TX on 11/3/18 6:59pm
 And, here we go again! - bagger on 11/14/18 9:32am



 
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