Hell YES! Unions!

[Markle]

Imagine if we had good capitalism with no corporate welfare. We’d hit that 3% that trump policy can’t.

What is your definition of "corporate welfare"?

 

[Markle]

How much is too much? According to the rich we made too much in 1970 and they’ve been finding ways to make us poorer and them richer.

Please elaborate, you are making no sense.

we pay more today for our healthcare

We are earning much more too. So what is your point?

no pensions

Tens of millions of workers have pensions.

Tax breaks for them

The tax cuts covered EVERYONE.

cuts to Medicare and social security

Where? I've been on both for a number of years now, nothing has been cut for me.

allow them to ship jobs overseas

Are we NOT a free country?

Illegal employers stealing from the American middle class

Please elaborate.

break unions

As you know, unions broke themselves by overreaching. Further, public unions should be illegal. Even far-left FDR knew that to be true.

 

[Toddsterpatriot]

How much is too much? According to the rich we made too much in 1970 and they’ve been finding ways to make us poorer and them richer.

Please elaborate, you are making no sense.

we pay more today for our healthcare

We are earning much more too. So what is your point?

no pensions

Tens of millions of workers have pensions.

Tax breaks for them

The tax cuts covered EVERYONE.

cuts to Medicare and social security

Where? I've been on both for a number of years now, nothing has been cut for me.

allow them to ship jobs overseas

Are we NOT a free country?

Illegal employers stealing from the American middle class

Please elaborate.

break unions

As you know, unions broke themselves by overreaching. Further, public unions should be illegal. Even far-left FDR knew that to be true.

As you know, unions broke themselves by overreaching. Further, public unions should be illegal. Even far-left FDR knew that to be true.

Yes!

 

[Markle]

The blue collar trump said he’d MAGA are still struggling

the fact is trump only had 2.3% growth in 2019.

And let's see what failed former President Barack Hussein Obama averaged over EIGHT YEARS.

 

[Markle]

No one said raise their costs TOO MUCH. What's TOO MUCH? Define that.

They're very profitable. They should share those profits with employees. Instead, a lot of Walmart employees are on foodstamps. Where do you think those employees spend their food stamps dollars? At Walmart. It's a brilliant business model if we allow it.

Why should a company share its profits with workers? The company is taking the risk, has investment and responsibilities. IF a company were to share their profits with the employees, then it stands to reason that in lean years the employees would agree to lower wages and if the company was in dire straits, they would work for nothing. That sounds fair, doesn't it?

Given the average wages paid by Walmart, no one would qualify for welfare benefits UNLESS they had made poor personal decisions. How is that the fault or responsibility of Walmart?

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

 

[Markle]

Find them and post them and get to the inevitable point you want to make. I’m on a fucking tablet I don’t know how to cut and paste plus I don’t take homework assignments from usmb cons.

So it is your CHOICE to remain ignorant. Got it!

 

[sealybobo]

I did look them up. I forgot the numbers. They could afford to pay more.

of course that would cut into profits and take workers off foodstamps

Same question to you: Why do you think that Walmart, making bad decisions affecting their fiduciary relationship with their stockholders, is a good thing?

I get it. You choose the investors over the workers. Squeeze the workers as much as you possibly can to make the investors more money. This is another way the rich have waged class warfare on the rest of us. It wasn't always this way. Not when workers had some power in this country. Back when America was great.

 

[sealybobo]

No one said raise their costs TOO MUCH. What's TOO MUCH? Define that.

They're very profitable. They should share those profits with employees. Instead, a lot of Walmart employees are on foodstamps. Where do you think those employees spend their food stamps dollars? At Walmart. It's a brilliant business model if we allow it.

Why should a company share its profits with workers? The company is taking the risk, has investment and responsibilities. IF a company were to share their profits with the employees, then it stands to reason that in lean years the employees would agree to lower wages and if the company was in dire straits, they would work for nothing. That sounds fair, doesn't it?

Given the average wages paid by Walmart, no one would qualify for welfare benefits UNLESS they had made poor personal decisions. How is that the fault or responsibility of Walmart?

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

If they were organized, they'd be worth more because it wouldn't be just the corporation deciding.

And if the economy were good like you pretend it is these walmart workers would leave and go to these factories Trump says are coming back and they'd make more money just because there are better jobs out there. There aren't and that's why they continue to work at Walmart and that's why Walmart continues to pay so low. What other option do the workers have? There aren't any better jobs available and they have no power.

 

[sealybobo]

No one said raise their costs TOO MUCH. What's TOO MUCH? Define that.

They're very profitable. They should share those profits with employees. Instead, a lot of Walmart employees are on foodstamps. Where do you think those employees spend their food stamps dollars? At Walmart. It's a brilliant business model if we allow it.

Why should a company share its profits with workers? The company is taking the risk, has investment and responsibilities. IF a company were to share their profits with the employees, then it stands to reason that in lean years the employees would agree to lower wages and if the company was in dire straits, they would work for nothing. That sounds fair, doesn't it?

Given the average wages paid by Walmart, no one would qualify for welfare benefits UNLESS they had made poor personal decisions. How is that the fault or responsibility of Walmart?

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

 

[Markle]

I did look them up. I forgot the numbers. They could afford to pay more.

of course that would cut into profits and take workers off foodstamps

Same question to you: Why do you think that Walmart, making bad decisions affecting their fiduciary relationship with their stockholders, is a good thing?

I get it. You choose the investors over the workers. Squeeze the workers as much as you possibly can to make the investors more money. This is another way the rich have waged class warfare on the rest of us. It wasn't always this way. Not when workers had some power in this country. Back when America was great.

That's another of the many problems Progressives have with reality.

You're ignorant statement, "You choose the investors over the workers". In other words, you can only have one or the other but not both. When in fact, we always have both. If Walmart was not good for their employees, it would not be good for the investors and vice versa.

"They could afford to pay more," you said. I can AFFORD to pay more at my grocery store. Should I?

The net profit margin for Walmart in 2019 1.31%. How much less should that figure be in your opinion?

https://www.marketingtutor.net/walmart-swot-analysis/

 

[sealybobo]

I did look them up. I forgot the numbers. They could afford to pay more.

of course that would cut into profits and take workers off foodstamps

Same question to you: Why do you think that Walmart, making bad decisions affecting their fiduciary relationship with their stockholders, is a good thing?

I get it. You choose the investors over the workers. Squeeze the workers as much as you possibly can to make the investors more money. This is another way the rich have waged class warfare on the rest of us. It wasn't always this way. Not when workers had some power in this country. Back when America was great.

That's another of the many problems Progressives have with reality.

You're ignorant statement, "You choose the investors over the workers". In other words, you can only have one or the other but not both. When in fact, we always have both. If Walmart was not good for their employees, it would not be good for the investors and vice versa.

"They could afford to pay more," you said. I can AFFORD to pay more at my grocery store. Should I?

The net profit margin for Walmart in 2019 1.31%. How much less should that figure be in your opinion?

https://www.marketingtutor.net/walmart-swot-analysis/

Yes you should pay more. Should we buy American and pay more or buy Chinese and pay less?

If Democrats Want to Beat Trump, They Better Not Nominate a ‘Free Trade’ Candidate

 

[Markle]

No one said raise their costs TOO MUCH. What's TOO MUCH? Define that.

They're very profitable. They should share those profits with employees. Instead, a lot of Walmart employees are on foodstamps. Where do you think those employees spend their food stamps dollars? At Walmart. It's a brilliant business model if we allow it.

Why should a company share its profits with workers? The company is taking the risk, has investment and responsibilities. IF a company were to share their profits with the employees, then it stands to reason that in lean years the employees would agree to lower wages and if the company was in dire straits, they would work for nothing. That sounds fair, doesn't it?

Given the average wages paid by Walmart, no one would qualify for welfare benefits UNLESS they had made poor personal decisions. How is that the fault or responsibility of Walmart?

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

 

[sealybobo]

Why should a company share its profits with workers? The company is taking the risk, has investment and responsibilities. IF a company were to share their profits with the employees, then it stands to reason that in lean years the employees would agree to lower wages and if the company was in dire straits, they would work for nothing. That sounds fair, doesn't it?

Given the average wages paid by Walmart, no one would qualify for welfare benefits UNLESS they had made poor personal decisions. How is that the fault or responsibility of Walmart?

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

Such bullshit. WRONG!

Trump's Shaky $5,000 Boast

President Donald Trump is on shaky ground when he claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office. That turns out to be based on an erratic series of estimates drawn from a government survey that isn’t even designed to measure income.

He draws his figures from an Oct. 10 item by the Heritage Foundation’s Stephen Moore, whom Trump tried unsuccessfully to appoint to the Federal Reserve Board earlier this year.

On that adjusted basis — which we judge to be the most accurate for making historical comparisons — the increase during Trump’s first two years would be $1,638, or 2.7%.

This does exceed the rise during Obama’s eight years — when adjusted median income rose $1,100 (in 2018 dollars), or 1.8%. And it’s vastly better than the change during George W. Bush’s eight years, which were plagued by two recessions. During Bush’s time, adjusted median income fell $2,660 (also in 2018 dollars), a decline of 4.2%.

Trump's Shaky $5,000 Boast

What's the trade off? Is it going to be a 20% cut in social security? If Trump gets re elected that will most certainly happen. He's gotta find a way to pay for those tax breaks.

Oh and by the way, your tax breaks are about to expire. So you know that extra $600 you made under Trump? That's going to disappear. And that tax break you got added to the debt so your taxes are going to have to go up. And your ss and medicare benefits are going to take a hit so was it worth it?

I look around and I don't know anyone who got a $5000 raise. I got one but that was before Trump won. I actually got a $35K raise under Obama. Seriously. I was making around $50K and now I make almost 6 figures. I got a $15K salary raise plus they started paying me commission. Obama ruled.

 

[sealybobo]

Why should a company share its profits with workers? The company is taking the risk, has investment and responsibilities. IF a company were to share their profits with the employees, then it stands to reason that in lean years the employees would agree to lower wages and if the company was in dire straits, they would work for nothing. That sounds fair, doesn't it?

Given the average wages paid by Walmart, no one would qualify for welfare benefits UNLESS they had made poor personal decisions. How is that the fault or responsibility of Walmart?

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

If Obama wasn't doing a good job no way I would have sold all the aftermarket shit I sold in 2015 and 2016. Manufacturing was up. Buying was up. Trump walked into a strong economy.

His growth and monthly job numbers are no better than Obama's.

 

[Toddsterpatriot]

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

Such bullshit. WRONG!

Trump's Shaky $5,000 Boast

President Donald Trump is on shaky ground when he claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office. That turns out to be based on an erratic series of estimates drawn from a government survey that isn’t even designed to measure income.

He draws his figures from an Oct. 10 item by the Heritage Foundation’s Stephen Moore, whom Trump tried unsuccessfully to appoint to the Federal Reserve Board earlier this year.

On that adjusted basis — which we judge to be the most accurate for making historical comparisons — the increase during Trump’s first two years would be $1,638, or 2.7%.

This does exceed the rise during Obama’s eight years — when adjusted median income rose $1,100 (in 2018 dollars), or 1.8%. And it’s vastly better than the change during George W. Bush’s eight years, which were plagued by two recessions. During Bush’s time, adjusted median income fell $2,660 (also in 2018 dollars), a decline of 4.2%.

Trump's Shaky $5,000 Boast

What's the trade off? Is it going to be a 20% cut in social security? If Trump gets re elected that will most certainly happen. He's gotta find a way to pay for those tax breaks.

Oh and by the way, your tax breaks are about to expire. So you know that extra $600 you made under Trump? That's going to disappear. And that tax break you got added to the debt so your taxes are going to have to go up. And your ss and medicare benefits are going to take a hit so was it worth it?

I look around and I don't know anyone who got a $5000 raise. I got one but that was before Trump won. I actually got a $35K raise under Obama. Seriously. I was making around $50K and now I make almost 6 figures. I got a $15K salary raise plus they started paying me commission. Obama ruled.

What's the trade off? Is it going to be a 20% cut in social security?

Obama did drain the Trust Fund with his payroll tax cut.
Bad Obama!!!!

Right?

Oh and by the way, your tax breaks are about to expire.

The Dems are free to write a bill to make them permanent. What are they waiting for?

 

[sealybobo]

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

Such bullshit. WRONG!

Trump's Shaky $5,000 Boast

President Donald Trump is on shaky ground when he claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office. That turns out to be based on an erratic series of estimates drawn from a government survey that isn’t even designed to measure income.

He draws his figures from an Oct. 10 item by the Heritage Foundation’s Stephen Moore, whom Trump tried unsuccessfully to appoint to the Federal Reserve Board earlier this year.

On that adjusted basis — which we judge to be the most accurate for making historical comparisons — the increase during Trump’s first two years would be $1,638, or 2.7%.

This does exceed the rise during Obama’s eight years — when adjusted median income rose $1,100 (in 2018 dollars), or 1.8%. And it’s vastly better than the change during George W. Bush’s eight years, which were plagued by two recessions. During Bush’s time, adjusted median income fell $2,660 (also in 2018 dollars), a decline of 4.2%.

Trump's Shaky $5,000 Boast

What's the trade off? Is it going to be a 20% cut in social security? If Trump gets re elected that will most certainly happen. He's gotta find a way to pay for those tax breaks.

Oh and by the way, your tax breaks are about to expire. So you know that extra $600 you made under Trump? That's going to disappear. And that tax break you got added to the debt so your taxes are going to have to go up. And your ss and medicare benefits are going to take a hit so was it worth it?

I look around and I don't know anyone who got a $5000 raise. I got one but that was before Trump won. I actually got a $35K raise under Obama. Seriously. I was making around $50K and now I make almost 6 figures. I got a $15K salary raise plus they started paying me commission. Obama ruled.

What's the trade off? Is it going to be a 20% cut in social security?

Obama did drain the Trust Fund with his payroll tax cut.
Bad Obama!!!!

Right?

Oh and by the way, your tax breaks are about to expire.

The Dems are free to write a bill to make them permanent. What are they waiting for?

Yes we know you guys will blame Democrats the day you cut social security. We may have taken money out like you guys did to pay for things but we aren't the ones who will cut the programs. We wouldn't have given tax breaks to the rich. Instead we would have strengthened the programs with those tax dollars.

You can't hate social programs then pretend to not be the ones trying to kill them. Sorry doesn't work that way.

And yes we knew Trump's tax breaks were political. Not wise but political. Now we have to make them permanent? I would but I'd cut the taxes the rich got in half to build infrastructure.

Trump said he would pay off the debt. You can't do that and give tax breaks away. He said he'd rebuild infrastructure. You can't do that and give tax breaks away. Trump said he'd build a wall. you can't give tax breaks away and do that.

 

[Markle]

Why should a company share its profits with workers?

Wages are many, many times profits.
I think some liberals don't realize that.

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

Such bullshit. WRONG!

Trump's Shaky $5,000 Boast

President Donald Trump is on shaky ground when he claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office. That turns out to be based on an erratic series of estimates drawn from a government survey that isn’t even designed to measure income.

He draws his figures from an Oct. 10 item by the Heritage Foundation’s Stephen Moore, whom Trump tried unsuccessfully to appoint to the Federal Reserve Board earlier this year.

On that adjusted basis — which we judge to be the most accurate for making historical comparisons — the increase during Trump’s first two years would be $1,638, or 2.7%.

This does exceed the rise during Obama’s eight years — when adjusted median income rose $1,100 (in 2018 dollars), or 1.8%. And it’s vastly better than the change during George W. Bush’s eight years, which were plagued by two recessions. During Bush’s time, adjusted median income fell $2,660 (also in 2018 dollars), a decline of 4.2%.

Trump's Shaky $5,000 Boast

What's the trade off? Is it going to be a 20% cut in social security? If Trump gets re elected that will most certainly happen. He's gotta find a way to pay for those tax breaks.

Oh and by the way, your tax breaks are about to expire. So you know that extra $600 you made under Trump? That's going to disappear. And that tax break you got added to the debt so your taxes are going to have to go up. And your ss and medicare benefits are going to take a hit so was it worth it?

I look around and I don't know anyone who got a $5000 raise. I got one but that was before Trump won. I actually got a $35K raise under Obama. Seriously. I was making around $50K and now I make almost 6 figures. I got a $15K salary raise plus they started paying me commission. Obama ruled.

I posted FACTS with reliable sources and links. You provided...anecdotal evidence and a lot of whining.

Where did you get the idea that tax cuts must be paid for? Our revenues went up and besides, it isn't the government money, it is MY MONEY.

You are reading "FAKE NEWS" if you believe that SS and Medicare is going to be cut for current recipients.

 

[Markle]

If Obama wasn't doing a good job no way I would have sold all the aftermarket shit I sold in 2015 and 2016. Manufacturing was up. Buying was up. Trump walked into a strong economy.

His growth and monthly job numbers are no better than Obama's.

 

[sealybobo]

You needed the workers to do the job. Many of you forget that

As you know, the workers are paid their exact worth.

And they were paid what they were worth under Obama but you seemed to want to blame him and his economy for why they weren't worth very much. And now you are bragging because Trump got them $1 raise.

Actually, 13 states raised minimum wage and Trump's trying to take credit for those wages going up? Ha!

I blamed failed former President Barack Hussein Obama for eight years of malaise, the slowest recovery in modern history.

How many states raised their minimum wage during Obama's administration?

As you know, President Donald Trump has presided over great income advances across the board. Not $1,

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

###

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-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 their financial reality, and that is a record low.

[...]

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


More?

Such bullshit. WRONG!

Trump's Shaky $5,000 Boast

President Donald Trump is on shaky ground when he claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office. That turns out to be based on an erratic series of estimates drawn from a government survey that isn’t even designed to measure income.

He draws his figures from an Oct. 10 item by the Heritage Foundation’s Stephen Moore, whom Trump tried unsuccessfully to appoint to the Federal Reserve Board earlier this year.

On that adjusted basis — which we judge to be the most accurate for making historical comparisons — the increase during Trump’s first two years would be $1,638, or 2.7%.

This does exceed the rise during Obama’s eight years — when adjusted median income rose $1,100 (in 2018 dollars), or 1.8%. And it’s vastly better than the change during George W. Bush’s eight years, which were plagued by two recessions. During Bush’s time, adjusted median income fell $2,660 (also in 2018 dollars), a decline of 4.2%.

Trump's Shaky $5,000 Boast

What's the trade off? Is it going to be a 20% cut in social security? If Trump gets re elected that will most certainly happen. He's gotta find a way to pay for those tax breaks.

Oh and by the way, your tax breaks are about to expire. So you know that extra $600 you made under Trump? That's going to disappear. And that tax break you got added to the debt so your taxes are going to have to go up. And your ss and medicare benefits are going to take a hit so was it worth it?

I look around and I don't know anyone who got a $5000 raise. I got one but that was before Trump won. I actually got a $35K raise under Obama. Seriously. I was making around $50K and now I make almost 6 figures. I got a $15K salary raise plus they started paying me commission. Obama ruled.

I posted FACTS with reliable sources and links. You provided...anecdotal evidence and a lot of whining.

Where did you get the idea that tax cuts must be paid for? Our revenues went up and besides, it isn't the government money, it is MY MONEY.

You are reading "FAKE NEWS" if you believe that SS and Medicare is going to be cut for current recipients.

Yea trump said they would pay for themselves. Another lie.

I posted 2.3% was Trump's growth in 2019. He failed.

 

[sealybobo]

If Obama wasn't doing a good job no way I would have sold all the aftermarket shit I sold in 2015 and 2016. Manufacturing was up. Buying was up. Trump walked into a strong economy.

His growth and monthly job numbers are no better than Obama's.

Trump had 2.3% growth in 2019. Pathetic. Just ask candidate Trump.

What are Trump's monthly job numbers? About the same as Obama's were. But when Obama was president you said the numbers weren't good enough. Now they are?

I'm not lying you are. To yourself.