Do voters understand that GOP economics is a catastrophe in the making?

[Mac-7]

Free trade works for everyone when its a two-way street

???? obviously if its free trade it's a two-way street that works for everyone . If not everyone would not freely engage in it.

I guess a better term is that we need fair trade since the communist chinese dictatorship is practicing mercantilism against the US

 

[JoeB131]

[Q

You never commented on the excellent care discussed in the above video.

I don't pay attention to corporate propaganda.

We spend twice as much as the Canadians do and we have the worst results in the industrialized world.

 

[Toddsterpatriot]

[Q

You never commented on the excellent care discussed in the above video.

I don't pay attention to corporate propaganda.

We spend twice as much as the Canadians do and we have the worst results in the industrialized world.

Long lines to get basic medical care is corporate propaganda? LOL!

You're funny.

We spend twice as much as the Canadians do

Imagine how much more they'd have to spend if they weren't stealing our IP.

and we have the worst results in the industrialized world.

Based on feelings? That's even funnier.

 

[dudmuck]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

Citing income increase is useless without taking inflation.

The median U.S. household income was $63,179, according to the Census Bureau, up 0.9% on an inflation-adjusted basis from the $61,372 midpoint in 2017. Census said the change wasn't statistically significant, suggesting median income was roughly flat. That followed gains of 5.2% in 2015, 3.2% in 2016 and 1.8% in 2017.

 

[Toddsterpatriot]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

Citing income increase is useless without taking inflation.

The median U.S. household income was $63,179, according to the Census Bureau, up 0.9% on an inflation-adjusted basis from the $61,372 midpoint in 2017. Census said the change wasn't statistically significant, suggesting median income was roughly flat. That followed gains of 5.2% in 2015, 3.2% in 2016 and 1.8% in 2017.

DURR

 

[Markle]

[Q

You never commented on the excellent care discussed in the above video.

I don't pay attention to corporate propaganda.

We spend twice as much as the Canadians do and we have the worst results in the industrialized world.

 

[WTH_Progs?]

Let’s put aside the merits of leftwing American politics. Oh look, Billy opens the thread pretending everyone thinks like him, as usual.

We’ll just agree to disagree on that for now. You contradicted yourself. Prehaps "critical thought" Billy needs to look up the term merit.

Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Neat.

Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. "Critical thought" Billy is going to explain logic to us. This will be fun. At this point Billy is still in his introduction.

Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. Billy is ignorant of competing globalization, how convenient.

That isn’t how economics work. Go Billy go, tells us how it works.

Our economy is a CONSUMER driven economy. WOWZA

It depends on people spending money. No shit?

That is how it has ALWAYS worked. Thing is Billy, you've never worked.

Corporations in this day age are wealthier than ever before. Neat

That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before? Billy explains how all wealthy people should quit and enjoy their money.

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? Less promoting jobs you mean?

A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. Meanwhile all PROG-views conflict with a strong middle class. Not just a few, all of them.

A time will come when this economy will fail because of GOP economics. Gosh Billy, when can we expect such a failure?

Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation. See above response

How can one possibly justify GOP policy? The easiest way is to see where Billy stands, then support the opposite.

 

[EdwardBaiamonte]

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

 

[EdwardBaiamonte]

and in most cases that means tariffs

no, it means being more competitive by removing liberal policies: taxes regulations unions minimum wages etc etc

 

[EdwardBaiamonte]

That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

I've actually taken Econ 101 so can explain it to you. If one company sits on the money and the competition uses it to hire better workers, buy better machines, open new distribution channels etc etc it will then bankrupt the other company. This is at the heart of how Republican capitalism works. Do you understand?

 

[EdwardBaiamonte]

How can one possibly justify GOP policy?

GOP policy is capitalism ie what China just used to move 800 million people into the middle class and out of dire libcommie poverty. Make Sense?

 

[dudmuck]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

Citing income increase is useless without taking inflation.

The median U.S. household income was $63,179, according to the Census Bureau, up 0.9% on an inflation-adjusted basis from the $61,372 midpoint in 2017. Census said the change wasn't statistically significant, suggesting median income was roughly flat. That followed gains of 5.2% in 2015, 3.2% in 2016 and 1.8% in 2017.

View attachment 309503

DURR

 

[WTH_Progs?]

ILMAO at oesn't it bother you Trump DOES NOTHING for the middle class." Here's a start, and it's not all:

President Donald J. Trump Has Delivered Record Breaking Results For The American People In His First Three Years In Office | The White House

 

[Mac-7]

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

What if it is war?

for instance north korea serving as china’s proxy demands we withdraw not only from south korea but japan also

a war breaks out and china declares a total embargo on exports to America

how many months or years would it take for the US to regain independence by restarting production in the US?

maybe too long

 

[Mac-7]

and in most cases that means tariffs

no, it means being more competitive by removing liberal policies: taxes regulations unions minimum wages etc etc

Tariffs are needed to give American producers a fighting chance against cheap chinese imports

because I dont expect or want Americans to work for the same low wages and bad workplace conditions that they have in china

 

[Toddsterpatriot]

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

What if it is war?

for instance north korea serving as china’s proxy demands we withdraw not only from south korea but japan also

a war breaks out and china declares a total embargo on exports to America

how many months or years would it take for the US to regain independence by restarting production in the US?

maybe too long

a war breaks out and china declares a total embargo on exports to America

That'd be awesome!!

Massive Chinese unemployment and they'd run out of money to buy oil and food.

Dumbest thing they could ever do.

 

[Mac-7]

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

What if it is war?

for instance north korea serving as china’s proxy demands we withdraw not only from south korea but japan also

a war breaks out and china declares a total embargo on exports to America

how many months or years would it take for the US to regain independence by restarting production in the US?

maybe too long

a war breaks out and china declares a total embargo on exports to America

That'd be awesome!!

Massive Chinese unemployment and they'd run out of money to buy oil and food.

Dumbest thing they could ever do.

To win the war, meaning pushing America back to hawaii, occupying south korea, japan and taiwan would be worth the temporary economic inconvenience that might cause

 

[Toddsterpatriot]

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

What if it is war?

for instance north korea serving as china’s proxy demands we withdraw not only from south korea but japan also

a war breaks out and china declares a total embargo on exports to America

how many months or years would it take for the US to regain independence by restarting production in the US?

maybe too long

a war breaks out and china declares a total embargo on exports to America

That'd be awesome!!

Massive Chinese unemployment and they'd run out of money to buy oil and food.

Dumbest thing they could ever do.

To win the war, meaning pushing America back to hawaii, occupying south korea, japan and taiwan would be worth the temporary economic inconvenience that might cause

They're going to push us back to Hawaii by destroying tens of millions of their own jobs, eliminating their biggest source of oil buying funds and we won't do anything about it because they stopped selling us their cheap goods?

That's funny!

What are they going to do when South Korea and Japan start hitting China with nuclear bombs?

 

[Mac-7]

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

What if it is war?

for instance north korea serving as china’s proxy demands we withdraw not only from south korea but japan also

a war breaks out and china declares a total embargo on exports to America

how many months or years would it take for the US to regain independence by restarting production in the US?

maybe too long

a war breaks out and china declares a total embargo on exports to America

That'd be awesome!!

Massive Chinese unemployment and they'd run out of money to buy oil and food.

Dumbest thing they could ever do.

To win the war, meaning pushing America back to hawaii, occupying south korea, japan and taiwan would be worth the temporary economic inconvenience that might cause

They're going to push us back to Hawaii by destroying tens of millions of their own jobs, eliminating their biggest source of oil buying funds and we won't do anything about it because they stopped selling us their cheap goods?

That's funny!

What are they going to do when South Korea and Japan start hitting China with nuclear bombs?

Neither s korea or japan have nukes

and neither do the next dominoes such as the Philippines or Australia

 

[Toddsterpatriot]

I'm afraid you're right about that but it would be an act of war and we would retaliate against their imports.

What if it is war?

for instance north korea serving as china’s proxy demands we withdraw not only from south korea but japan also

a war breaks out and china declares a total embargo on exports to America

how many months or years would it take for the US to regain independence by restarting production in the US?

maybe too long

a war breaks out and china declares a total embargo on exports to America

That'd be awesome!!

Massive Chinese unemployment and they'd run out of money to buy oil and food.

Dumbest thing they could ever do.

To win the war, meaning pushing America back to hawaii, occupying south korea, japan and taiwan would be worth the temporary economic inconvenience that might cause

They're going to push us back to Hawaii by destroying tens of millions of their own jobs, eliminating their biggest source of oil buying funds and we won't do anything about it because they stopped selling us their cheap goods?

That's funny!

What are they going to do when South Korea and Japan start hitting China with nuclear bombs?

Neither s korea or japan have nukes

and neither do the next dominoes such as the Philippines or Australia

Neither s korea or japan have nukes

If China suddenly threatened to invade them, how long would it take them to build some nukes?

I'd say South Korea, a week at most.
Japan, maybe an hour.