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Old 11-29-2017, 09:44 AM
 
Location: USA
18,453 posts, read 9,088,404 times
Reputation: 8492

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The economy was terrible until Trump’s inauguration. Now that socialist/communist Obama is out of office, there are millions of new manufacturing jobs paying $75k/year with full benefits. Employers everywhere are literally begging for low skill workers.

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Old 11-29-2017, 09:45 AM
 
9,837 posts, read 4,609,070 times
Reputation: 7292
Quote:
Originally Posted by texan2yankee View Post
Will the press talk about trump's successful results in such a short time with the economy, rising blue collar wages, low unemployment rate and a record consumer confidence index or continue to focus on BS like his tweets and Matt Lauder?

I suspect the latter.


Have you actually turned on a TV in the last 8 years?

I suggest you try it, CNBC, Bloomberg and the other business channels do nothing BUT talk about how great things are!

This has been going on for 8 years, we are in the longest rally of our lives. If you are only figuring that out now i feel bad for you. You might catch the tail end, but you missed the best chance for easy money you might ever see.

You could have thrown a board at a dart and made money.
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Old 11-29-2017, 10:18 AM
 
Location: USA
18,453 posts, read 9,088,404 times
Reputation: 8492
Quote:
Originally Posted by evilcart View Post
Have you actually turned on a TV in the last 8 years?

I suggest you try it, CNBC, Bloomberg and the other business channels do nothing BUT talk about how great things are!

This has been going on for 8 years, we are in the longest rally of our lives. If you are only figuring that out now i feel bad for you. You might catch the tail end, but you missed the best chance for easy money you might ever see.

You could have thrown a board at a dart and made money.
If you’re part of the asset owning class, then the last 8 years have been fabulous as free money from the Fed has pushed stocks and real estate back into the stratosphere.

But if you’re part of the working class, the last 8 years have been awful.

Our economy is based on serial asset bubbles. If you don’t own significant assets and know how to time the bubbles, you’re not getting anywhere in today’s economy.
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Old 11-29-2017, 10:46 AM
 
Location: Homeless
17,717 posts, read 13,461,803 times
Reputation: 11993
Quote:
Originally Posted by Freak80 View Post
If you’re part of the asset owning class, then the last 8 years have been fabulous as free money from the Fed has pushed stocks and real estate back into the stratosphere.

But if you’re part of the working class, the last 8 years have been awful.

Our economy is based on serial asset bubbles. If you don’t own significant assets and know how to time the bubbles, you’re not getting anywhere in today’s economy.


The working class always gets screwed and I know because I'm one of them. It hasn't been bad the past eight years it was better then when G.W JR was in office that's for sure. Typical the left throws people like me a bone or two. The right? When you ask about the working class they just laugh.










































Really hard.
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Old 11-29-2017, 11:09 AM
 
Location: Manchester NH
15,507 posts, read 6,385,724 times
Reputation: 4831
Quote:
Originally Posted by James Bond 007 View Post
What on earth are you reading? There has not been a negative GDP growth figure since 2009. That's some 30 or so straight quarters of GDP growth. From MTAtech's post the previous page:
this chart isn't right;

https://tradingeconomics.com/united-states/gdp-growth



here, Obama never had a full yearly average of 3% or over growth. The first president in history in fact. Trump is fixing the boat.
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Old 11-29-2017, 11:15 AM
 
Location: Kansas City, MISSOURI
20,774 posts, read 9,398,410 times
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Quote:
Originally Posted by Winterfall8324 View Post
Even that chart doesn't show any negative readings since 2009.

Quote:
here, Obama never had a full yearly average of 3% or over growth. The first president in history in fact. Trump is fixing the boat.
You live in a fantasy world if you think GDP growth under Trump will be any different than under Obama.
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Old 11-29-2017, 11:25 AM
 
Location: Austin
15,589 posts, read 10,320,893 times
Reputation: 19398
Quote:
Originally Posted by James Bond 007 View Post
You live in a fantasy world if you think GDP growth under Trump will be any different than under Obama.
Would you be pleased if the economy grows substantially and consistently during the next three years?
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Old 11-29-2017, 11:45 AM
 
Location: Long Island, NY
19,792 posts, read 13,903,978 times
Reputation: 5661
Quote:
Originally Posted by Freak80 View Post
The economy was terrible until Trump’s inauguration. Now that socialist/communist Obama is out of office, there are millions of new manufacturing jobs paying $75k/year with full benefits. Employers everywhere are literally begging for low skill workers.

Quote:
Originally Posted by texan2yankee View Post
Would you be pleased if the economy grows substantially and consistently during the next three years?
Everyone would or should -- but growth doesn't happen from wishful thinking or reverse on the dime when the guy you hated leaves and the new guy, that you like, comes in. Anyone who thinks that the economy was horrible under Obama and is now wonderful is deluding themselves. There are no knew economic policies under Trump.

Trump brags about stock market gains but stocks roared up over 250% under Obama.

All-in-all, the economy is on the same trajectory as under Obama.

Whoever thinks "there are millions of more manufacturing jobs" under Trump, is also delusional. Growth in manufacturing grew by 200,000 jobs from Jan 2017 to Nov 2017 (that isn't millions.)

As you can see from the graph, manufacturing job growth has been steadily upward for years.


Last edited by MTAtech; 11-29-2017 at 11:59 AM..
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Old 11-29-2017, 11:45 AM
 
Location: Kansas City, MISSOURI
20,774 posts, read 9,398,410 times
Reputation: 15512
Quote:
Originally Posted by texan2yankee View Post
Would you be pleased if the economy grows substantially and consistently during the next three years?
Yes, of course I would. But anyone who thinks there's going to be some big boom - even if the tax cuts pass - is in for a surprise. You might want to start by reading this post and the rest of the comments in that thread.

GDP growth has been trending downward for decades and there is nothing any president or congress can do to stop it.
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Old 11-29-2017, 11:58 AM
 
Location: Kansas City, MISSOURI
20,774 posts, read 9,398,410 times
Reputation: 15512
Here's a better graphic:


source: Trump's economy - cyclical upturn and long term slow growth - Learning from China
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