DOW down nearly 1000 points

[theHawk]

If Coronavirus spread can’t be stopped and has anywhere near the 5% mortality rate it has shown so far, all markets are going to crash.

Reagan got us in the world market. Yet another Republican disaster.

I agree, the old GOP was way too “free trade” happy. President Trump is the first to come along to try to change that.

Trade deficit is up, manufacturing is down, Farm income projected to be down 9%

Yep that Trump figured it out.

You people are this fucking stupid. Do you think other administrations looked at sanctions and a trade war as pathway towards better trade and it was rejected because of the repercussions.

But hey, Trump is the smartest person ever. Hew is sooooo smart he knows more than our generals, pandemic experts, trade experts, scientists, etc.

He sits in the residence on his fat ass watching Fox News.

Jesus fuck, people

It’s hard to imagine just how someone can be so fucking stupid. President Trump has added over 500,000 manufacturing jobs and over 7 million full time jobs.

“Manufacturing down”, go fuck yourself you lying sack of shit.

 

[Markle]

You have been a duped, stupid ignorant person.

Trump has been wrong about everything.

Yep!

Published December 21, 2018
Trump signs criminal justice reform bill
Adam ShawBy Adam Shaw, Judson Berger | Fox News Channel

But on the sidelines of that fight, the House overwhelmingly approved the criminal justice bill Thursday on a 358-36 vote, after the Senate passed it 87-12. The decisive passage marks a win for Trump as well as his senior adviser and son-in-law Jared Kushner, who advocated for the bill in the face of some conservative resistance.

https://www.foxnews.com/.../trump-signs-criminal-justice...

###

The Unemployment Rate Does Not Signal A Recession
Update - October 4, 2019
Oct. 4, 2019 10:29 AM ET

|The Unemployment Rate Does Not Signal A Recession: Update - October 4, 2019 | Seeking Alpha

###

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.

Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

ECONOMY
Record-low black unemployment cheered by black activists
Published 1 month ago on September 9, 2019

[...]

“Love him or hate him, this is an incredible economic accomplishment for the President and a tremendous benefit for American blacks,” said Project 21 member Derryck Green.

Along with a reported third straight month of 3.7 percent overall unemployment, the federal Bureau of Labor Statistics (BLS) August jobs report noted that the overall black unemployment rate fell half-a-percent to 5.5 percent. This is the lowest black unemployment rate ever recorded. BLS began reporting employment statistics by race in 1972. And with overall white unemployment at 3.4 percent, it is also the smallest reported gap between the races ever in terms of joblessness. Until recently, the racial employment disparity between blacks and whites has generally held to a 2-1 margin.

Record-low black unemployment cheered by black activists

###

Help wanted: Too many jobs and not enough workers in most states
Tim Henderson, Stateline Published 8:00 a.m. CT Oct. 15, 2019 | Updated 7:10 p.m. CT Oct. 15, 2019

In 39 states, there are more jobs than people looking for them, according to a Stateline analysis of June hiring and employment data from the federal Bureau of Labor Statistics.

Help wanted: Too many jobs and not enough workers in most states


###


America Created 266,000 Jobs in November

JOHN CARNEY 6 Dec 2019


The imaginary recession of 2019 is over.


The U.S. economy added 266,000 jobs for the month and the unemployment rate fell to 3.5 percent, matching the lowest level in 50 years.


Economists had expected the economy to add 180,000 jobs and for unemployment to remain unchanged at 3.6 percent, according to Econoday.


Adding to the picture of strength for the labor market, previous jobs numbers were revised up. September’s figure was revised up by 13,000 to 193,000. October was revised up by 28,000 to 156,000. Together, that adds 41,000 more jobs than previously reported.

[...]

Average hourly wages are up 3.14 percent compared with last year, above economist expectations. In manufacturing, the average workweek increased by 0.1 hour to 40.5 hours. Average hourly ages of private-sector production and nonsupervisory employees rose by 7 cents in the month to $23.83, a 0.22 percent gain.

[...]

America Created 266,000 Jobs in November


https://www.washingtonpost.com/busi...economy-added-jobs-jobless-rate-fell-percent/


Wall Street soars after economy added robust 266,000 jobs in November


###


USMCA: Agreement reached on Nafta trade deal replacement

10 December 2019


The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).


Agreement reached on Nafta trade deal replacement

Trump signs bill restoring funding for black colleges

By Collin Binkley - Associated Press - Thursday, December 19, 2019

President Donald Trump on Thursday signed a bipartisan bill that will permanently provide more than $250 million a year to the nation’s historically black colleges and universities, along with dozens of other institutions that serve large shares of minority students.

In signing the bill, Trump said historically black schools have “never had better champions in the White House.”


“When I took office, I promised to fight for HBCUs, and my administration continues to deliver,” Trump said. “A few months ago, funding for HBCUs was in jeopardy. But the White House and Congress came together and reached a historic agreement.”


Trump signs bill restoring funding for black colleges




###


The November hiring surge pushed incomes for Americans higher last month.

by JOHN CARNEY

20 Dec 2019


Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.


Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.


The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.


And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.


Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars


###


US employment remains strong, 145,000 jobs added in December

By JOSH BOAK AP Economics Writer


January 10, 2020, 7:07 PM


U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors


US employment remains strong, 145,000 jobs added in December


###


Manufacturing Surveys Indicate Growth Returning to U.S. Factories

JOHN CARNEY

16 Jan 2020


The U.S. manufacturing sector appears to be regaining its footing, suggesting the beaten-down sector may once again be expanding.


The Federal Reserve Bank of Philadelphia’s survey-based index of manufacturing activity soared to 17 in January, up from the weak 0.3 reading in December and well-above forecasts for a reading of 3.0.


Manufacturing Surveys Indicate Growth Returning to U.S. Factories


###


Merry Christmas: Retail Sales Grew at Healthy Pace in December

16 Jan 2020


Retail sales rose at a healthy pace in December, a sign that a very healthy U.S. labor market and consumer optimism is continuing to support economic growth.


The Commerce Department said Thursday that retail sales–which measures sales at stores, online, and in restaurants–increased a seasonally adjusted three-tenths of a percentage point in December compared with November to $529.6 billion. That was in line with the consensus forecast.


Merry Christmas: Retail Sales Grew at Healthy Pace in December


###


US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

By Michelle Toh, CNN Business

11 hrs ago [Jan 16. 2020]


China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.


The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.


The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.


In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.


Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds


US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products


###


HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi

by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.

President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.


HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###


More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as theirfinancial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism


More?

 

[RealDave]

Quote me shithead. You can't. All I suggested was that if this baby gets worse, it WILL affect Dear Leader's reelection chances. Also that his response has been woefully inadequate - 2 billion to come up with a vaccine to fight a worldwide pandemic? Gimme a fuckin break.

Meanwhile, a 16% cut to CDC? GREAT idea!

You and the other never Trumpers have been 100% wrong about Donald Trump since before the election. What makes you think anything has changed?

You have been a duped, stupid ignorant person.

Trump has been wrong about everything.

he wasnt wrong about 2016 .

He said the Russians did not help him. That was wrong

 

[yidnar]

If you were honest and truthful what you saw in the Soviet Union and Cuba, plus a few banana republics which were of short duration; each were totalitarian, not socialistic, for the leaders in those nations profited for themselves and their cronies and persecuted anyone who dissented.

Maybe you ought to compare Trumpism with these nations you so abhor.,

You can't have actual Socialism without the totalitarianism - ( I know that you don't believe that - and that's okay, I don't consider you to be very bright)
President Trump is the absolute anthesis of totalitarian.
He is the people - the people are him.

Billie, Trump is the people who agree with him. All others Trump wants to fire/censor/insult and call liars.

Did you see that he wants Ginsberg and Sotomayer to recuse themselves on anything involving Trump?

LoL!!

It makes sense, yes?

I guess if Bart O'Kavanaugh Gorsuch recuse, then it might be fair for Sotomayer and Ginsberg to do the same.

No, it makes NO sense.

What you people seem to want is NOBODY in the executive, legislative or judicial branches who doesn't kiss Dear Leader's ass.

Move to Russia

clinton and sanders seem to like russia especially in their youth ...did yall get the russians to refund your money spent on the fake dossier ?

 

[Picaro]

Disposable income is still falling, so yeah, retail and services are falling and will continue to fall; trucking companies reports declines in shipments, and no it's not just an after-Christmas slump. Oil is cheap, too, so no big dividends coming in there. In any case, it's not real equity being lost, just bubble profits going away is all. Foreign deposits maxed out last year, not much left to flee here looking for a safe place to store loot outside of Asia and other places ruled by dictators and mafioso of various types. India is in an even deeper slump, and of course Red China is a basket case, slave labor racketeering not the cash cow it used to be so companies are moving back here or at least out of China.

 

[yidnar]

As a moderate, that is someone who is too ashamed to admit they are liberals..

Not true.

Now once again, those who want to protect and serve this country from being a Socialist Shithole, you have an issue with? Really?

No. You are just parroting winger shit you hear from right wing news. Peddling fear that entitlements programs=socialist shit hole. You seem to run on talking points with absolutely no substance underneath. America will never adapt a socialist government. I see absolutely no truth in what you are saying, it's never been true in the entire history of this nation, and it won't be true even if Sanders wins. I think his policies are too expensive and I don't see a clear path to how they will be sustainable in the future, but that's another argument altogether. If he becomes president, you'll witness a ton of broken promises, just like with every previous president, including the present.

Do you really think men with tits are normal? That a man puts his penis in another mans ass is normal?

I'm a heterosexual, so none of that is my cup of tea. But neither of these preferences affect me personally, so I have no reason to be outraged about them. I mind my own fucking business.

Oh yeah, it was the "moderates" that gave us 8 years of the brown turd Oblummer.

And you bozos gave us the human shaped orange sack of meat currently shitting all over the WH, so I guess we're even.

No, I am a military veteran who served this country to prevent shitheads like Bernie from every taking this country down a socialist shithole. I saw what it did to the Soviet Union, Cuba, South and Middle America, but those sorry ass moderates just had to vote in the brown turd, who took over GM and Chrysler, enacted the Cash for Clunkers debacle, took away healthcare from 10s of millions to provide health care for 100s of thousands of liberal do nothings. I lived back then, I remember, I know what was happening while Oblummer was in office and knew the American populace would wake the fuck up. Now we have 4 successful years of a business man running this country like a business, and the leftwing nutters keep showing US their incompetence and immorality. So "liberal" to ashamed to admit you are a liberal, are you going to continue this move to keeping America great, or go for the toilet drain once again by voting for some Commie bastard?

If you were honest and truthful what you saw in the Soviet Union and Cuba, plus a few banana republics which were of short duration; each were totalitarian, not socialistic, for the leaders in those nations profited for themselves and their cronies and persecuted anyone who dissented.

Maybe you ought to compare Trumpism with these nations you so abhor.,

You can't have actual Socialism without the totalitarianism - ( I know that you don't believe that - and that's okay, I don't consider you to be very bright)
President Trump is the absolute anthesis of totalitarian.
He is the people - the people are him.

I disagree. Socialism and Capitalism both exist in every country on Earth to some degree. All of Northern Europe are social welfare states, Sweden, Norway, Denmark, Iceland, Netherlands, Belgium, Germany, Finland, and Ireland. Almost all of the remainder of Europe has some type socialize healthcare, as well as employment safety nets. Canada and Great Britain have strong social welfare programs and the US is not too far behind. None of these countries are totalitarian states.

Socialism carried to the extreme will become a totalitarian state. Capitalism carried to the extreme will result in a corporatocracy. Neither is desirable. A balance between socialism and capitalism is most desirable. Capitalism provides the incentive to produce and socialism provides the safety nets for those who can not.

where are any corporatocracies .....we have plenty of totalitarian countries.

 

[Picaro]

lol at the stupid 'DA RUSHUNZ!!!' idiocy. Only tards are still repeating that nonsense. Ask the morons how much russian money Hillary and Podesta stuffed in their pockets and they go silent and change the subject, same as they do over the Arab money and the Red Chinese money.

 

[Picaro]

I'm glad to see farm income falling and exports reduced; it's extremely stupid to be stripping off our topsoil at record rares just to feed a country that will sooner or later kill millions of Americans and other peoples at the first chance they deem it possible they will get away with it, like if a Bernie Sanders or a Democrat racist ends up sitting in the White House. That would mean a global wars breaking out as every two bit dictator and criminal syndicate goes for the gold, nobody out there to hold them back, and against each other eventually as the anarchy spreads and the easy stuff is all gone.

 

[yidnar]

You ARE confused actually. Totalitarianism has nothing to do with socialism unless you are talking about corporate/ top 1% oligarchy socialism. You might be happier living in NoKo, Russia, Turkey or the Philippines.

Theoretical socialism is totalitarian. I think what keeps making it so brutal is that the "haves" are not about to give up what they've got, and they fight to keep it. That's why it becomes so bloody and squelches so many human rights. People are motivated by greed.

Now what the Democrats suggest that the Right keeps calling "socialism" or "communism" isn't really. It is socialist programs that benefit everyone without turning it into a deadly dictatorship. The people still have to vote in the majority to put the representatives in Congress who will enact that legislation and a President who won't veto it.
So the vapors that the conservatives are having here are silly ass posturing. I hope they're not convincing anyone but their equally stupid buddies who believe it anyway.

What you are describing is Conservatism.

Then why does the Right need smelling salts over it?

Because what you are describing is -

(1) Not Socialism
(2) Not what the Parasitic Class of people, movement that Bernie leads.

BJ, DO catch up. Putin wants Bernie to be the D nominee. Kindly drink the Russian Kool-Aid and act accordingly!

he did pretty good when a genocidal caliphate isis was on the rampage and taking over large swaths of the middle east .

 

[yidnar]

Theoretical socialism is totalitarian. I think what keeps making it so brutal is that the "haves" are not about to give up what they've got, and they fight to keep it. That's why it becomes so bloody and squelches so many human rights. People are motivated by greed.

Now what the Democrats suggest that the Right keeps calling "socialism" or "communism" isn't really. It is socialist programs that benefit everyone without turning it into a deadly dictatorship. The people still have to vote in the majority to put the representatives in Congress who will enact that legislation and a President who won't veto it.
So the vapors that the conservatives are having here are silly ass posturing. I hope they're not convincing anyone but their equally stupid buddies who believe it anyway.

What you are describing is Conservatism.

Then why does the Right need smelling salts over it?

Because what you are describing is -

(1) Not Socialism
(2) Not what the Parasitic Class of people, movement that Bernie leads.

BJ, DO catch up. Putin wants Bernie to be the D nominee. Kindly drink the Russian Kool-Aid and act accordingly!

he did pretty good when a crisis called a genocidal caliphate isis was taking over large swaths of the middle east .

 

[Picaro]

Theoretical socialism is totalitarian. I think what keeps making it so brutal is that the "haves" are not about to give up what they've got, and they fight to keep it. That's why it becomes so bloody and squelches so many human rights. People are motivated by greed.

Now what the Democrats suggest that the Right keeps calling "socialism" or "communism" isn't really. It is socialist programs that benefit everyone without turning it into a deadly dictatorship. The people still have to vote in the majority to put the representatives in Congress who will enact that legislation and a President who won't veto it.
So the vapors that the conservatives are having here are silly ass posturing. I hope they're not convincing anyone but their equally stupid buddies who believe it anyway.

What you are describing is Conservatism.

Then why does the Right need smelling salts over it?

Because what you are describing is -

(1) Not Socialism
(2) Not what the Parasitic Class of people, movement that Bernie leads.

BJ, DO catch up. Putin wants Bernie to be the D nominee. Kindly drink the Russian Kool-Aid and act accordingly!

he did pretty good when a genocidal caliphate isis was on the rampage and taking over large swaths of the middle east .

He hasn't killed nearly enough of the vermin, but yes, he certainly did far better than Obama did, but then Democrats are huge fans of Iranian terrorists, and adore them no end. They're still in deep mourning over their favorite General being assassinated, which accounts for a lot of their recent general whining and sniveling. Real Dave probably has wall posters of the guy in his room.

 

[yidnar]

Nice.

His tweet not withstanding, you can’t blame the collapse on the blob

I know we couldn't get your fat ass into that thing. The only thing big enough for you smelly ass is a black hole.

actually the reverse is true instead of stuffing the homos ass into the cannon...... the cannon would easily fit inside Dr Gayloves gaping torn asshole !

Charming! ^

whatever DrGaylove ....

Not gay personally, however you are a definite concern.

wrong party homo ...and there is absolutely no way you are straight ! all modern dems are either homo bi or have a least had a homosexual encounter ... you are a homosexual and you are a feminine weakling .

 

[yidnar]

What you are describing is Conservatism.

Then why does the Right need smelling salts over it?

Because what you are describing is -

(1) Not Socialism
(2) Not what the Parasitic Class of people, movement that Bernie leads.

BJ, DO catch up. Putin wants Bernie to be the D nominee. Kindly drink the Russian Kool-Aid and act accordingly!

he did pretty good when a genocidal caliphate isis was on the rampage and taking over large swaths of the middle east .

He hasn't killed nearly enough of the vermin, but yes, he certainly did far better than Obama did, but then Democrats are huge fans of Iranian terrorists, and adore them no end. They're still in deep mourning over their favorite General being assassinated, which accounts for a lot of their recent general whining and sniveling. Real Dave probably has wall posters of the guy in his room.

he probably has a dildo mounted under the poster that he can back into .

 

[yidnar]

Well, it dropped a whole bunch again today. Wonder what tomorrow is gonna bring? And, while there IS a drug company who has a possible vaccine for this virus, human trials haven't started yet, and the virus is spreading.

Sorry, but I think this is gonna have a bad effect on the market for several days to come yet.

Drugmaker readies possible coronavirus vaccine for testing - - Suddenlink

but the fundamentals and business friendly [low taxes and lower regs] are strong .... hopefully there will soon be a rebound ! we will know after the panic subsides and the flu season comes to an end .. and if and when the market does recover it will be a giant indicator that the administrations policies work making it even harder for the left in nov.

 

[yidnar]

Time has a magnificent way of smoothing out price swings in stock prices.

I've profited tremendously over the years by simply doing nothing.

Time in the market is far better than timing the market.

I don't allow "fear", especially the irrational type, to guide my investment philosophy.

Hang in their BABY (oh, and SNAG them "bargains")

27,081.36 −879.44 (3.15%)
Feb 25, 4:20 PM EST

what are you scum on the left going to do or say when the market bounces back because of the policies in place after the virus panic subsides when temps warm up and the flu season comes to an end ! Trump will once again own your asses by an even larger margin in nov.

 

[Oldstyle]

It will recover. Stating it's a threat to President Trump 2020 is ridiculous

It's not ridiculous...it's wishful thinking, CC! It's all the left has at this point. They need a global economic collapse or they're going to lose the House to the Republicans as well as more Senate seats and the Oval Office!

 

[yidnar]

As the economy unravels over the next few weeks, it is going to be fun to read all of the Trumpettes explaining to us:
1. A crashing stock market is GOOD for us!
2. Obama is to blame
3. China is to blame
4. Bernie is to blame
5. the virus is an evil communist plot
6. The media is to blame.

nah we are going to give Trumps policies credit when the panic ends and the flu season ends and the market bounces back.

 

[Picaro]

Trump isn't responsible for the economy; no President is. It's determined by consumption spending, period. Shuffling accounts doesn't increase nor decrease economies, neither does creative bookkeeping; all that does is produce the mounds and mounds of inaccurate and outright fake data, is all. That fake news can generate 'bubbles' in both directions, as people make decisions based on that rubbish to greater or lesser extents. Bubble economies aren't real economies.

Trump's foreign policies create hope for a rebuilding of our own economy, encouraging growth at home. Since he 'settled' with the Red Chinese scum, that hope may gradually dwindle, or the Red Chinese will do something stupid and start an even bigger wave of cash returning. It's really up to the Red Chinese and other countries at this point.

No one should care what the gamblers think; the virus crap has little to do with economics, it's just gamblers using it as an excuse to make wild bets, as usual.

 

[yidnar]

Quote me shithead. You can't. All I suggested was that if this baby gets worse, it WILL affect Dear Leader's reelection chances. Also that his response has been woefully inadequate - 2 billion to come up with a vaccine to fight a worldwide pandemic? Gimme a fuckin break.

Meanwhile, a 16% cut to CDC? GREAT idea!

You and the other never Trumpers have been 100% wrong about Donald Trump since before the election. What makes you think anything has changed?

You have been a duped, stupid ignorant person.

Trump has been wrong about everything.

he wasnt wrong about 2016 .

He said the Russians did not help him. That was wrong

he said he would win the election ! and please tell us what did your commie pals in russia do to change votes in favor of Trump ?? did they give the gop a fake dossier on clinton ?

 

[Dont Taz Me Bro]

You have absolutely no sense of humor, do you

Of course not, I’m Asian