Economic Upswing Continues: Economy Added 201K Jobs, Wages Up by $17 Per Month, in August

Discussion in 'Politics' started by mikegriffith1, Sep 9, 2018.

  1. Golfing Gator
    Online

    Golfing Gator Gold Member

    Joined:
    Feb 22, 2017
    Messages:
    19,183
    Thanks Received:
    2,522
    Trophy Points:
    290
    Location:
    Midwest of America
    Ratings:
    +13,057
    He was when he stayed out of it, then he started his stupid trade war and put the markets into a 230 plus day freeze.


    Sent from my iPhone using USMessageBoard.com
     
  2. expat_panama
    Offline

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,883
    Thanks Received:
    339
    Trophy Points:
    130
    Ratings:
    +536
    Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

    [​IMG]
     
    • Thank You! Thank You! x 1
  3. Golfing Gator
    Online

    Golfing Gator Gold Member

    Joined:
    Feb 22, 2017
    Messages:
    19,183
    Thanks Received:
    2,522
    Trophy Points:
    290
    Location:
    Midwest of America
    Ratings:
    +13,057
    Trump’s first tariff was placed on Jan 22. On that date the DJI was at 26,916...today is opens at 25,916. A change of -.23%, as compared to a change of 9.94% in the same time frame a year ago.

    On that day the S&P was at 2835, today it opens at 2884. A change of 2.65% as opposed to 8.67% in the same time frame a year ago.

    On that day the NASDAQ was at 6164, today it opens at 7474. A change of 9.18%, as compared to 16.96% in the same time frame a year ago.

    So, 231 days with only the NASDAQ showing something close to actual growth, and it is the least affected by the things being targeted for tariffs. And no indications that things will get better any time soon



    Sent from my iPhone using USMessageBoard.com
     
    • Thank You! Thank You! x 1
  4. ColonelAngus
    Offline

    ColonelAngus Gold Member

    Joined:
    Feb 25, 2015
    Messages:
    15,159
    Thanks Received:
    2,765
    Trophy Points:
    290
    Ratings:
    +17,866
    If Trump is still POTUS in 2023, if the economy is doing well, it will be because of Obama p.

    If it’s doing poorly, it will be Trumps fault. We already know the narrative.

    Shit it already happened. Obama is trying to take credit for this good economy, but if it was bad, it would be Trumps fault.
     
  5. Golfing Gator
    Online

    Golfing Gator Gold Member

    Joined:
    Feb 22, 2017
    Messages:
    19,183
    Thanks Received:
    2,522
    Trophy Points:
    290
    Location:
    Midwest of America
    Ratings:
    +13,057
    And you sheep on the right are no different than the sheep on the left. If things were shitty you would be blaming Obama.


    Sent from my iPhone using USMessageBoard.com
     
    • Funny and Agree!! Funny and Agree!! x 1
  6. kiwiman127
    Offline

    kiwiman127 Comfortably Moderate Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    10,509
    Thanks Received:
    2,988
    Trophy Points:
    330
    Location:
    4th Cleanest City in the World-Minneapolis
    Ratings:
    +5,753
    What it means is their income is not keeping up with the National Economy, it's a no brainer.
     
  7. Toddsterpatriot
    Offline

    Toddsterpatriot Diamond Member

    Joined:
    May 3, 2011
    Messages:
    43,597
    Thanks Received:
    5,560
    Trophy Points:
    1,830
    Location:
    Chicago
    Ratings:
    +22,710
    So what?
     
  8. kiwiman127
    Offline

    kiwiman127 Comfortably Moderate Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    10,509
    Thanks Received:
    2,988
    Trophy Points:
    330
    Location:
    4th Cleanest City in the World-Minneapolis
    Ratings:
    +5,753
    In Donald J Trump's Inauguration Speech, Trump said,,,.
    "The forgotten men and women of our country will be forgotten no longer," he told the crowd as a light drizzle settled over Washington. "And I will fight for you with every breath in my body, and I will never, ever let you down."
    Trump is now president: 'The forgotten ... will be forgotten no longer'
    The "forgotten" continue to lose in the economy. They make up about 70% of the American population. There wades remain flat.
    ======================================
    All employees
    Real average hourly earnings for all employees were unchanged from June to July, seasonally adjusted,
    the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.3-percent increase in
    average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All
    Urban Consumers (CPI-U).
    Real average weekly earnings decreased 0.2 percent over the month due to no change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.
    Real average hourly earnings decreased 0.2 percent, seasonally adjusted, from July 2017 to July 2018.
    Combining the change in real average hourly earnings with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period.
    Real Earnings News Release
     
  9. expat_panama
    Offline

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,883
    Thanks Received:
    339
    Trophy Points:
    130
    Ratings:
    +536
    Ah yes, the infamous washing machine and solar panel tax makes us all forget about steel and aluminium! Of course Sky.com says it began in April 2017:

    Trump's global trade war: A timeline
    By Rebecca Taylor, news reporter
    April 2017
    Mr Trump announces an investigation into steel tariffs, asking if the imports from China and other countries could be a threat to national security.

    August 2017
    A second investigation specifically targets China.

    January 2018
    Mr Trump announces tariffs on imported solar panels, most of which come from China, and washing machines.

    --or we can even go back to the election day Nov. 2016 when Krugman announced the beginning of the big Trump trade market crash...
     
  10. Toddsterpatriot
    Offline

    Toddsterpatriot Diamond Member

    Joined:
    May 3, 2011
    Messages:
    43,597
    Thanks Received:
    5,560
    Trophy Points:
    1,830
    Location:
    Chicago
    Ratings:
    +22,710
    The "forgotten" continue to lose in the economy. They make up about 70% of the American population.

    Yeah, and they didn't do too groovy under Obama.
    At least Trump cut their taxes. And is trying to reduce the number of illegals who suppress their wages.
    Let's look at their real earnings 12 months from now to see if your whining should continue.
     

Share This Page