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Old 08-04-2019, 07:06 PM
 
Location: Unperson Everyman Land
30,573 posts, read 20,197,655 times
Reputation: 8437

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Quote:
Originally Posted by LordBalfor View Post
And - as you RWNJ types repeated over and over and over again during the Obama years - the Labor Force Participation Rate is STILL down near record lows (almost exactly where Obama left it). More Americans are not working than ever before.
Those types of things happen as the population grows.


https://data.bls.gov/timeseries/LNS11300000

Ken
The first step is keeping UE rate low and wages rising so that the people that went on disability out of hopelessness and despair during the Obama years will get back in the game.

You can't discount the effect that rising wages has on the participation rate or, what I prefer, the employment ratio.

During the Bush years, when wages increased due to sustained low unemployment, the segment of the population that Obama would later put on permanent disability was still in the workforce.

Their employment, then, led to the lowering of federal deficits and a reduction of the number of people without an employer-paid health plan.

We've recovered what was lost after Obama took office, but we still have a ways to go.

Good to see that we're finally on the right track again.

https://www.bls.gov/charts/employmen...tion-ratio.htm
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Old 08-04-2019, 07:11 PM
 
Location: Buckeye, AZ
27,549 posts, read 15,907,165 times
Reputation: 9943
Quote:
Originally Posted by momonkey View Post
The first step is keeping UE rate low and wages rising so that the people that went on disability out of hopelessness and despair during the Obama years will get back in the game.

You can't discount the effect that rising wages has on the participation rate or, what I prefer, the employment ratio.

During the Bush years, when wages increased due to sustained low unemployment, the segment of the population that Obama would later put on permanent disability was still in the workforce.

Their employment, then, led to the lowering of federal deficits and a reduction of the number of people without an employer-paid health plan.

We've recovered what was lost after Obama took office, but we still have a ways to go.

Good to see that we're finally on the right track again.

https://www.bls.gov/charts/employmen...tion-ratio.htm
And With that we cannot fall into any recession traps. Sadly that outlook isn't that great.
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Old 08-04-2019, 07:34 PM
 
Location: Unperson Everyman Land
30,573 posts, read 20,197,655 times
Reputation: 8437
Quote:
Originally Posted by mkpunk View Post
And With that we cannot fall into any recession traps. Sadly that outlook isn't that great.
A recession is always a possibility.

My point was that we should make getting Obama's disability mooches back in the workforce a priority.

Since they are already accustomed to sitting on their fat asses all day, increased wages may be what will convince some of them to give up the government-dependent lifestyle.
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Old 08-04-2019, 09:03 PM
 
711 posts, read 381,065 times
Reputation: 645
Folks, we can't make the argument that the economy is weak or strong based on if we happened to have voted for the President or not.

The reality is, unemployment for those ages 24-55 increased. GDP growth in Q2 of 2019 is the weakest reading since Q4 of 2016 and is driven by consumer and government spending. Hours worked decreased. Three recent manufacturing surveys show manufacturing is in decline, factory orders are down, exports are down, and business investment is down.

President Trump's supporters like to say that we are in the longest period of economic expansion, and that is an accurate statement. But it's not a complete statement. This is also the slowest economic recovery in modern history. Average monthly job growth for the first half of this year is the slowest in roughly a decade in a comparable amount of time. A decade ago, we were in the great recession.

I can continue but the bottom line is, we've seen years of stagnant growth and now we are seeing signs that the U.S. economy could be headed for recession.

Republicans were right to criticize the Obama administration for putting in place burdensome regulations, including Obamacare and Dodd-Frank, that adversely impacted businesses. But what has Donald Trump done to ease the regulatory burden on small businesses, who have created over 60% of the jobs that have been created since the Great Recession? Has he repealed the Obamacare employer mandate and Dodd-Frank? No. Not only has Trump not repealed meaningful regulations, he's also made it more expensive to do business in America with his trade policies.

Obama and Trump have made it more expensive to operate businesses in this country. On top of that, both of them have nominated Federal Reserve officials who have kept interest rates close to zero for a decade and in Obama's case, who engaged in quantitative easing. This has created incentive for companies to sell bonds and buy back stock instead of investing in operations or a larger workforce.
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Old Yesterday, 07:36 AM
 
15,749 posts, read 4,171,311 times
Reputation: 11274
SO much winning. Soon the DOW will be us less than 3% per year since Trump enacted his "give away money, add debt to your children" plan and his fine Tariffs.

Investors in index funds (most) are basically lucky if they are tracking inflation.
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Old Yesterday, 12:34 PM
 
Location: Florida/Tennessee
2,643 posts, read 4,358,753 times
Reputation: 1475
Quote:
Originally Posted by mkpunk View Post
Like Russia did for the Republicans in 2016? Sorry I had to.
The Ruskies said they no longer need to interfere in our election after the last democrat debate.
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Old Yesterday, 04:58 PM
 
Location: Buckeye, AZ
27,549 posts, read 15,907,165 times
Reputation: 9943
Quote:
Originally Posted by Dave_n_Tenn View Post
The Ruskies said they no longer need to interfere in our election after the last democrat debate.
I'll believe that when Hell freezes over and I'm not talking the city in Michigan.
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Old Today, 07:14 AM
 
Location: Florida/Tennessee
2,643 posts, read 4,358,753 times
Reputation: 1475
Keep you eye on China... and the DNC.

The ruskies realize there is more to gain in Europe than the US. Their gig is up and busted here... the DNC wouldn't touch them with a 10' pole. Their next target is Germany. Cobined with all the social turmoil and Angela Merkel, that's the fertile ground they seek. Why? Well the US played the NG card on Germany and the Germans blinked. Ruskies are hurting for cash.... and the pipeline was their cash cow. In my best Inspector Clouseau voice ... not anymore.
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