Trump doing great for the economy.

I
Taking risks is easier when you’re parents are wealthy. Going to expensive colleges is easier when you aren’t worried about loans. Public schools are better when the property values are high.

Not exactly. Being born to rich parents matters more than anything else. And it matters more now than it has in a very long time. I don’t like it. Not one bit. But it’s true.

Do you define Middle Class as rich? Let's say combined AGI of $200K living in a suburb in CT?

Who cares? Middle class is such a loaded term and it’s practically meaningless. You can define it however you want.
In my example is that family middle class or rich by your operational definition?

I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

A statistically more useful framing would be to categorize by quintile of income rather than come up with arbitrary levels.
 
I
Do you define Middle Class as rich? Let's say combined AGI of $200K living in a suburb in CT?

Who cares? Middle class is such a loaded term and it’s practically meaningless. You can define it however you want.
In my example is that family middle class or rich by your operational definition?

I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

colfax: Rich people's kids have an advantage

Azog: What is a rich person?

colfax: Who cares

Yeah. All set with you. Leftists are illogical. This conversation is case in point. Please place me on ignore again. Thank you.
 
I
Who cares? Middle class is such a loaded term and it’s practically meaningless. You can define it however you want.
In my example is that family middle class or rich by your operational definition?

I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

colfax: Rich people's kids have an advantage

Azog: What is a rich person?

colfax: Who cares

Yeah. All set with you. Leftists are illogical. This conversation is case in point. Please place me on ignore again. Thank you.

Ha! I never said any of that. You could have asked me how the analysis was done, but you had to go make a fool of yourself.
 
I
In my example is that family middle class or rich by your operational definition?

I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

colfax: Rich people's kids have an advantage

Azog: What is a rich person?

colfax: Who cares

Yeah. All set with you. Leftists are illogical. This conversation is case in point. Please place me on ignore again. Thank you.

Ha! I never said any of that. You could have asked me how the analysis was done, but you had to go make a fool of yourself.

I'll ask again. A family with AGI of $200k living in a CT suburb. Rich or not?
 
I
In my example is that family middle class or rich by your operational definition?

I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

colfax: Rich people's kids have an advantage

Azog: What is a rich person?

colfax: Who cares

Yeah. All set with you. Leftists are illogical. This conversation is case in point. Please place me on ignore again. Thank you.

Ha! I never said any of that. You could have asked me how the analysis was done, but you had to go make a fool of yourself.

I don’t have an operational definition. I don’t think it’s a useful concept.

Who said the above? Tooth Fairy?
 
You really do live in a small city.
Nassau County, including the lower income areas.
Let’s put it this way...you live where people don’t want to live.
Even retirement communities are seeing their areas exploding.
The weather sucks (for some wusses out there) where I live. The economy here is great.

Malls are dying. Stock market gains don’t cause employment. The economy is not booming. GDP is scraping by because productivity and population growth are quite low.
Sure...whatever you say.

GDP is 2.3%. This isn’t going to knock anyone’s socks off not matter what excuses you attempt to make (at least have excuses that can be backed up by data).
When 1.2% are getting the GDP for decades and the numbers become distributed to the non-elites, that matters to me.

This is half gibberish.
During the GW years, GDP was exploding and Democrats were complying that over 99% of that GDP was held by the top 1%.
Now more people are making more money and that GDP is distributed amongst more of the non-elite.
 
I
I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

colfax: Rich people's kids have an advantage

Azog: What is a rich person?

colfax: Who cares

Yeah. All set with you. Leftists are illogical. This conversation is case in point. Please place me on ignore again. Thank you.

Ha! I never said any of that. You could have asked me how the analysis was done, but you had to go make a fool of yourself.

I'll ask again. A family with AGI of $200k living in a CT suburb. Rich or not?

No idea. Rich is not a statistical term. I’d say they’re in the upper quintile of income.
 
I
I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
Then it is impossible for us to continue this discussion.

suit yourself.

colfax: Rich people's kids have an advantage

Azog: What is a rich person?

colfax: Who cares

Yeah. All set with you. Leftists are illogical. This conversation is case in point. Please place me on ignore again. Thank you.

Ha! I never said any of that. You could have asked me how the analysis was done, but you had to go make a fool of yourself.

I don’t have an operational definition. I don’t think it’s a useful concept.

Who said the above? Tooth Fairy?

There’s a difference between a colloquial definition and an operational one. I would only go by what the statistics show. Rich. Poor. Middle class. Arbitrary definitions. It doesn’t matter how you define them. It doesn’t change the data.
 
The weather sucks (for some wusses out there) where I live. The economy here is great.

Malls are dying. Stock market gains don’t cause employment. The economy is not booming. GDP is scraping by because productivity and population growth are quite low.
Sure...whatever you say.

GDP is 2.3%. This isn’t going to knock anyone’s socks off not matter what excuses you attempt to make (at least have excuses that can be backed up by data).
When 1.2% are getting the GDP for decades and the numbers become distributed to the non-elites, that matters to me.

This is half gibberish.
During the GW years, GDP was exploding and Democrats were complying that over 99% of that GDP was held by the top 1%.
Now more people are making more money and that GDP is distributed amongst more of the non-elite.
You’re close but not quite there. Where’s the data?
 
Even Yahoo! published an article stating as such. Excellent! - This is from the CEO of the Carlyle Group.

“He wouldn't be the first politician to exaggerate how his policies have been better than maybe they have been, but I think his policies have worked or something's working because the economy's doing well,” Rubenstein said. “Unemployment is low, interest rates are low, consumer spending is up, business spending is in pretty good shape, stock markets are at record highs.”

“What more can you ask of somebody is what I would say,” he added. “So there's a lot of consternation about him personally and some of his policies, but in the economy, it's hard to criticize him on the economy.”

The recovery started under Obama not Trump. The unemployment rate when Trump took over was 4.7%. Interest rates were low as well. Consumer spending was rising.
TIRED
 
Sure...whatever you say.

GDP is 2.3%. This isn’t going to knock anyone’s socks off not matter what excuses you attempt to make (at least have excuses that can be backed up by data).
When 1.2% are getting the GDP for decades and the numbers become distributed to the non-elites, that matters to me.

This is half gibberish.
During the GW years, GDP was exploding and Democrats were complying that over 99% of that GDP was held by the top 1%.
Now more people are making more money and that GDP is distributed amongst more of the non-elite.
You’re close but not quite there. Where’s the data?
Look up anything under GW after his 2nd term started when people started losing their jobs enmasse.
 
Sure...whatever you say.

GDP is 2.3%. This isn’t going to knock anyone’s socks off not matter what excuses you attempt to make (at least have excuses that can be backed up by data).
When 1.2% are getting the GDP for decades and the numbers become distributed to the non-elites, that matters to me.

This is half gibberish.
During the GW years, GDP was exploding and Democrats were complying that over 99% of that GDP was held by the top 1%.
Now more people are making more money and that GDP is distributed amongst more of the non-elite.
You’re close but not quite there. Where’s the data?
Too bad we can’t get archives from Air America or Rachel Madow during GW’s reign of globalism.
 
GDP is 2.3%. This isn’t going to knock anyone’s socks off not matter what excuses you attempt to make (at least have excuses that can be backed up by data).
When 1.2% are getting the GDP for decades and the numbers become distributed to the non-elites, that matters to me.

This is half gibberish.
During the GW years, GDP was exploding and Democrats were complying that over 99% of that GDP was held by the top 1%.
Now more people are making more money and that GDP is distributed amongst more of the non-elite.
You’re close but not quite there. Where’s the data?
Too bad we can’t get archives from Air America or Rachel Madow during GW’s reign of globalism.

Let me know when you have something to back it up.
 
When 1.2% are getting the GDP for decades and the numbers become distributed to the non-elites, that matters to me.

This is half gibberish.
During the GW years, GDP was exploding and Democrats were complying that over 99% of that GDP was held by the top 1%.
Now more people are making more money and that GDP is distributed amongst more of the non-elite.
You’re close but not quite there. Where’s the data?
Too bad we can’t get archives from Air America or Rachel Madow during GW’s reign of globalism.

Let me know when you have something to back it up.
Your misery is good enough for me.
It’s beyond me that you never watched the news as 25,000 factories moved overseas.
The unemployment rate under GE was so bad the formula to measure it had to be redefined about 5 times.
 
LOLOL

The tightwing Carlyle group is your tie breaker? The group that was connected to the Bush family?

1348488761322-smiley_rofl.gif


David Rubenstein - Political - LittleSis

Here are his donations....yeah...real (R) he is. :290968001256257790-final::290968001256257790-final::290968001256257790-final::290968001256257790-final::290968001256257790-final::290968001256257790-final::290968001256257790-final::290968001256257790-final:
Carlyle Group - Political - LittleSis

Are we discussing the group or Rubenstein. You were wrong. Rubenstein is not a Trump guy. Many in his company could be but they also give a notable percentage the Democrats.
LOL

I just showed you the leanings of the Carlyle Group -- and using your source. :eusa_doh:

I see a lot more red than blue.

View attachment 305898

Are we discussing Carlyle or Rubenstein? He is not a Trump guy was what I said and he is not. He has not given to a R? ever?
Fair enough, I looked back and sure enough, you were talking about their CEO.
 
Even Yahoo! published an article stating as such. Excellent! - This is from the CEO of the Carlyle Group.

“He wouldn't be the first politician to exaggerate how his policies have been better than maybe they have been, but I think his policies have worked or something's working because the economy's doing well,” Rubenstein said. “Unemployment is low, interest rates are low, consumer spending is up, business spending is in pretty good shape, stock markets are at record highs.”

“What more can you ask of somebody is what I would say,” he added. “So there's a lot of consternation about him personally and some of his policies, but in the economy, it's hard to criticize him on the economy.”
He's doing OK.

At some point there has to be a reckoning between the brisk employment numbers and the oddly low corresponding GDP.

I'm still waiting for someone to 'splain that.


2018 0.0 Oct20,8652018 0.0 Oct20,865

Source: Federal Reserve Bank of St. Louis
INV_Logo_2019-02%20(1).png
 

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