Target CEO raves about the US economy

[candycorn]

For all the talk we've heard from the big government lovers that the tax cuts were for the rich and didn't help the middle class, how is it that the middle class has all of this money to spend?

Target CEO raves about the US economy: This is the best consumer environment I've ever seen

Consumer spending has been largely on the rise for several years.

View attachment 212513

There is not a single economic indicator that was changed by the election of Trump, all kept moving in the same direction.

True…
Sequestration all but ended when Obama’s term ended…. That extra money in circulation is likely helping. It could have helped in 2014, 2015, 2016 too if the GOP wasn’t being obstructionists…. They prolonged the pain for political gain.

 

[Tom Horn]

You mean other than the 4,000,000 new jobs,

Thanks for reminding me that job creation did slow down after the election.

2014: 3005000 net jobs created
2015: 2712000 net jobs created
2616: 2344000 net jobs created
2017: 2188000 net jobs created.

What year is this and where did your numbers come from.....moron.org?

 

[Harpy Eagle]

I see it in real life everyday. You see it on your couch on the internet.
And yes, the upturn in business began after the Trump win. Deregulations, tax incentives, and consumer confidence took a huge turn after the election.

take it up with the AAR, it is their data.

I am a fan of big data and do not put stock in personal anecdotes.

 

[Harpy Eagle]

You mean other than the 4,000,000 new jobs,

Thanks for reminding me that job creation did slow down after the election.

2014: 3005000 net jobs created
2015: 2712000 net jobs created
2616: 2344000 net jobs created
2017: 2188000 net jobs created.

What year is this and where did your numbers come from.....moron.org?

The numbers came from here...

Bureau of Labor Statistics Data

This is 2018, it is not over yet so we do not know what the job creation total will be.

 

[Avatar4321]

For all the talk we've heard from the big government lovers that the tax cuts were for the rich and didn't help the middle class, how is it that the middle class has all of this money to spend?

Target CEO raves about the US economy: This is the best consumer environment I've ever seen

We are adding personal debt at near record levels. In the time of a booming economy people should be saving, not adding debt.

Instead savings is staying the same and debt is going up.

View attachment 212514

Government can’t force people to save. Time for us to get off our butts and start saving more. I have been

 

[Harpy Eagle]

For all the talk we've heard from the big government lovers that the tax cuts were for the rich and didn't help the middle class, how is it that the middle class has all of this money to spend?

Target CEO raves about the US economy: This is the best consumer environment I've ever seen

We are adding personal debt at near record levels. In the time of a booming economy people should be saving, not adding debt.

Instead savings is staying the same and debt is going up.

View attachment 212514

Government can’t force people to save. Time for us to get off our butts and start saving more. I have been

I do not want anyone to be forced to save. I am just pointing out the facts, debt is rising and savings are flat. That is not the way things should to in a booming economy. Sooner or late the boom will burst

 

[ColonelAngus]

The New York Times itself described Obama's economy this way in August 2016: "For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

GDP growth decelerated in each of the last three quarters of 2016.

And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."

That same month, the nonpartisan Congressional Budget Office forecast growth this year would be just 1.9%.

There were other signs of stagnation as well. Stocks had flatlined in 2016, with major indexes down slightly. Real median household income dropped that year, according to Sentier Research.

Growth had been so worrisomely slow throughout Obama's two terms in office that journalists started warning about "secular stagnation." They said the country was in a period of long, sustained, slow growth resulting from slow population and productivity growth.

In August 2016, the Times declared that "the underlying reality of low growth will haunt whoever wins the White House."



The flourishing economy is NOT from Obama.Allow me to repeat:


And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."

 

[Tom Horn]

You mean other than the 4,000,000 new jobs,

Thanks for reminding me that job creation did slow down after the election.

2014: 3005000 net jobs created
2015: 2712000 net jobs created
2616: 2344000 net jobs created
2017: 2188000 net jobs created.

What year is this and where did your numbers come from.....moron.org?

The numbers came from here...
Notice: Data not available: U.S. Bureau of Labor Statistics

.

"data not available"?

 

[SassyIrishLass]

The New York Times itself described Obama's economy this way in August 2016: "For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

GDP growth decelerated in each of the last three quarters of 2016.

And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."

That same month, the nonpartisan Congressional Budget Office forecast growth this year would be just 1.9%.

There were other signs of stagnation as well. Stocks had flatlined in 2016, with major indexes down slightly. Real median household income dropped that year, according to Sentier Research.

Growth had been so worrisomely slow throughout Obama's two terms in office that journalists started warning about "secular stagnation." They said the country was in a period of long, sustained, slow growth resulting from slow population and productivity growth.

In August 2016, the Times declared that "the underlying reality of low growth will haunt whoever wins the White House."



The flourishing economy is NOT from Obama.Allow me to repeat:


And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."

Ears's economy was anemic at best

 

[Harpy Eagle]

For those people choosing ideology over prosperity, I urge them to look at theocracies and how well those citizens live.

The lies about the economy not being good, or being caused by a dormant Obama’s economy that he planned to succeed 18 months after he left office are really obvious for anyone who isn’t blinded by ideology.

True, those are lies for those blinded by ideology. Those who are not blinded by ideology know that not a single economic indicator changed course after the election of Trump, things are just continuing the way they were for the last 6 years.

Consumer confidence is an indicator. It was dropping in 2016 and is now at a 17 year high.

Next time avoid saying not a single....

Do you have a link?

 

[Harpy Eagle]

You mean other than the 4,000,000 new jobs,

Thanks for reminding me that job creation did slow down after the election.

2014: 3005000 net jobs created
2015: 2712000 net jobs created
2616: 2344000 net jobs created
2017: 2188000 net jobs created.

What year is this and where did your numbers come from.....moron.org?

The numbers came from here...
Notice: Data not available: U.S. Bureau of Labor Statistics

.

"data not available"?

I fixed the link. I forgot it will not let you link to it if you have changed the starting date for the graph

 

[Aldo Raine]

For all the talk we've heard from the big government lovers that the tax cuts were for the rich and didn't help the middle class, how is it that the middle class has all of this money to spend?

Target CEO raves about the US economy: This is the best consumer environment I've ever seen

Why have wages dropped 0.2 % since a year ago? I mean yes things are going pretty well, and as long as people keep hearing that yes they will spend. But you cannot deny that the lions share of the tax cuts went to the uber wealthy.

 

[SmokeALib]

I see it in real life everyday. You see it on your couch on the internet.
And yes, the upturn in business began after the Trump win. Deregulations, tax incentives, and consumer confidence took a huge turn after the election.

take it up with the AAR, it is their data.

I am a fan of big data and do not put stock in personal anecdotes.

That's because you're braindead and most likely too stupid to hold a job.

 

[Avatar4321]

For all the talk we've heard from the big government lovers that the tax cuts were for the rich and didn't help the middle class, how is it that the middle class has all of this money to spend?

Target CEO raves about the US economy: This is the best consumer environment I've ever seen

We are adding personal debt at near record levels. In the time of a booming economy people should be saving, not adding debt.

Instead savings is staying the same and debt is going up.

View attachment 212514

I don't disagree, but that's the American way of life, isn't it? If our elected "leaders" don't take it seriously, why would the public?

We live in a representative republic. If we don’t take it seriously why would our representatives?

 

[SmokeALib]

For all the talk we've heard from the big government lovers that the tax cuts were for the rich and didn't help the middle class, how is it that the middle class has all of this money to spend?

Target CEO raves about the US economy: This is the best consumer environment I've ever seen

Why have wages dropped 0.2 % since a year ago? I mean yes things are going pretty well, and as long as people keep hearing that yes they will spend. But you cannot deny that the lions share of the tax cuts went to the uber wealthy.

I take it you missed out on economics 101.

 

[Tom Horn]

I do not want anyone to be forced to save. I am just pointing out the facts, debt is rising and savings are flat. That is not the way things should to in a booming economy. Sooner or late the boom will burst

Booms don't "burst" when they're built on solid foundations unlike Clinturd's dot.com folly and Barry's "renewable energy" scams. Trump is giving us a break from your ilk's socialism and the American public is releasing it's pent-up demand. You don't understand any of this so stop pretending that you do.

 

[Harpy Eagle]

I see it in real life everyday. You see it on your couch on the internet.
And yes, the upturn in business began after the Trump win. Deregulations, tax incentives, and consumer confidence took a huge turn after the election.

take it up with the AAR, it is their data.

I am a fan of big data and do not put stock in personal anecdotes.

That's because you're braindead and most likely too stupid to hold a job.

Nope, I hold very lucrative job in fact. I am currently employed as a statistician, with a Masters in Applied Analytics. That is why I love me some big data! It is what my world is all about. It is also why I ignore personal anecdotes, they are meaningless to the big picture.

 

[Harpy Eagle]

I do not want anyone to be forced to save. I am just pointing out the facts, debt is rising and savings are flat. That is not the way things should to in a booming economy. Sooner or late the boom will burst

Booms don't "burst" when they're built on solid foundations unlike Clinturd's dot.com folly and Barry's "renewable energy" scams. Trump is giving us a break from your ilk's socialism and the American public is releasing it's pent-up demand. You don't understand any of this so stop pretending that you do.

Of course they do, our entire system was designed to fail on occasions. Do you think it is just coincidence we have had 12 crashes since the end of the Civil War?

I would highly recommend you read this book...https://www.amazon.com/dp/B00GMSUUVS/?tag=ff0d01-20

 

[SmokeALib]

I see it in real life everyday. You see it on your couch on the internet.
And yes, the upturn in business began after the Trump win. Deregulations, tax incentives, and consumer confidence took a huge turn after the election.

take it up with the AAR, it is their data.

I am a fan of big data and do not put stock in personal anecdotes.

That's because you're braindead and most likely too stupid to hold a job.

Nope, I hold very lucrative job in fact. I am currently employed as a statistician, with a Masters in Applied Analytics. That is why I love me some big data! It is what my world is all about. It is also why I ignore personal anecdotes, they are meaningless to the big picture.

That explains your misinformation. Take a look outside your "office" and see whats really going on.

 

[Harpy Eagle]

I see it in real life everyday. You see it on your couch on the internet.
And yes, the upturn in business began after the Trump win. Deregulations, tax incentives, and consumer confidence took a huge turn after the election.

take it up with the AAR, it is their data.

I am a fan of big data and do not put stock in personal anecdotes.

That's because you're braindead and most likely too stupid to hold a job.

Nope, I hold very lucrative job in fact. I am currently employed as a statistician, with a Masters in Applied Analytics. That is why I love me some big data! It is what my world is all about. It is also why I ignore personal anecdotes, they are meaningless to the big picture.

That explains your misinformation. Take a lot outside your "office" and see whats really going on.

I have no misinformation, I just happen to have much more information than you. You can look outside your window and see it is raining, that does not mean it is raining where I am. Same concept holds true for our nation's economy, your little tiny slice of it does not tell the whole picture.