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The problem with any government measuring of anything is if you change the way something is measured, even if it is a better way of measuring, then you can't compare the new numbers to previous years to determine if something is better or worse.
Not really. The basics; unemployment rates, economic growth, average wages, layoffs, real estate values, equity gains/losses and much else is easy enough to compare and contrast, even with slight changes here and there regarding measurement. We all know when things are better or worse, improving or not improving...
The problem is that people don't or can't properly assess cause/effect in order to give credit where due (or not due). That's the REAL problem!
With the tax cuts for the rich, they have already admitted that the big business leaders will do more stock buybacks. They are rewarded financially when the stock price increases and stock buybacks increase the stock price. The top 1% own almost 40% of the stock market in America. They are flying!
"With the tax cuts for the rich"
1st, it is those that pay the MOST in taxes should get the most in cuts.
2nd, It is well documented that about 80% of ALL taxpayers are getting a cut.
Even the very liberal CBS just did story who took average middle class peole to their CPA to have the taxes evaluated and ALL of then got tax cuts.
The "Obama" market took years (5).....just to recover to where it was under Bush at the end of 2007 and early in 2008. The fact is, Obama had very little if anything to do with any recovery. Trump, on the other hand, has exhibited a very pro business stance and that has been good for the market. Would the market have done this well under Bernie or Hillary. I don't believe so.
I always find the comparison to the top of a bubble to be curious. Clearly the market levels in 2007/2008 were not based on real earnings or value but on overvalued assets. When the US returned to those levels in the market the prices being paid we far more justified based on real earnings.
Whether or not the current market levels are in bubble territory or not is going to depend on whether or not earnings catch up to the prices being currently being paid.
Seriously, can we just stop now? We've got people praising Trump for everything from "being the true spirit of Christmas" to "preventing planes from falling out of the sky." The cult-like mindset is no longer funny.
The Dow has been on a strong, steady rise since about late 2009 to 2010. You know, when Obama was in office. Righties refuse to give Obama any credit for any of that, but now have the absurd and hypocritical nerve to somehow try to give credit to Trump for doing basically nothing for 1 out of 7+ years of recovery.
Left AND right sources (CNN and Forbes) agree that this type of boot-licking and fact warping is absurd. Either Obama is one of the greatest president we ever had (based on stock market performance) and Trump is "pretty good, too." Or, the recovery under Obama "never happened" - which is a right-wing lie - and Trump can't be credited for it, either... because it never happened.
This laughably partisan and fact-free picking and choosing of reality is exactly why the far-right has lost all credibility.
"The cult-like mindset is no longer funny."
What IS funny those that followed Obama and Clinton as a "cult" figure, and STILL do, NOW bemoan Trump supports.
The hypocrisy of some on the left is never ending!
"choosing of reality is exactly why the far-right has lost all credibility."
The "Obama" market took years (5).....just to recover to where it was under Bush at the end of 2007 and early in 2008. The fact is, Obama had very little if anything to do with any recovery. Trump, on the other hand, has exhibited a very pro business stance and that has been good for the market. Would the market have done this well under Bernie or Hillary. I don't believe so.
Ummm, this is simply not true. It's just a continuing trend. For example, just a couple of months shy to the end of last year, LESS jobs were created in 2017 than in the same time period in 2016.
If Obama had little to do with the recovery, so does Trump have little to do with job growth. Up until recently....he literally did nothing much for the job growth. If anything....less jobs were added.
Seriously.....trump supporters are bragging about numbers that are pretty darn similar to Obama's numbers (numbers, which by the way, trump supporters REFUSE to give Obama credit for....but want Trump to get all credit for).
1st, it is those that pay the MOST in taxes should get the most in cuts.
2nd, It is well documented that about 80% of ALL taxpayers are getting a cut.
Even the very liberal CBS just did story who took average middle class peole to their CPA to have the taxes evaluated and ALL of then got tax cuts.
Yes, crumbs for the middle class, deep cuts to Medicare and other services and massive debt. "very liberal CBS". What a cruel joke. Who do you think own CBS? Ironworkers of America? LOL. They're a huge corporation, not some pro-worker progressive outlet.
Seriously, can we just stop now? We've got people praising Trump for everything from "being the true spirit of Christmas" to "preventing planes from falling out of the sky." The cult-like mindset is no longer funny.
The Dow has been on a strong, steady rise since about late 2009 to 2010. You know, when Obama was in office. Righties refuse to give Obama any credit for any of that, but now have the absurd and hypocritical nerve to somehow try to give credit to Trump for doing basically nothing for 1 out of 7+ years of recovery.
Left AND right sources (CNN and Forbes) agree that this type of boot-licking and fact warping is absurd. Either Obama is one of the greatest president we ever had (based on stock market performance) and Trump is "pretty good, too." Or, the recovery under Obama "never happened" - which is a right-wing lie - and Trump can't be credited for it, either... because it never happened.
This laughably partisan and fact-free picking and choosing of reality is exactly why the far-right has lost all credibility.
Seriously?
"Can we stop now?"
Unfortunately the nonsense started long ago and when there is any positive news to help continue with the nonsense, the nonsense not only does not stop, but it gets worse!
Can "we" stop now? I only wish the Trump and his Can't See Straight Gang would stop but not a chance. Seems the only way to stop the nonsense, at least in part, is to stop visiting this forum where this sort of nonsense seems to thrive like mold where there is humidity...
The ultra low interest rates did close to the same thing. Money was never intended to be free. Now we have had to do tax cuts to boost the markets.
If we had a real economy these things do not have to be done to keep the markets inflated.
We didn't have to do tax cuts. The markets would have likely risen no matter who was elected. Yes, in part, the current rise is based on the belief that the tax cuts would help businesses.
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