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Stock market at all time high and unemployment at all time low

Discussion in 'American Politics' started by hislegacy, Aug 4, 2017.

  1. hislegacy

    hislegacy A child at 20 weeks

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  2. Halbhh

    Halbhh Everything You say is Life to me Supporter

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    Economy continuing to add jobs at that pleasant rate averaging in that neighborhood of 200,000 +/- 60,000 to 90,000 per month.

    Just like the last 5 years under Obama.

    It is encouraging. This recovery since 2010 is still continuing. One of the longest ever.
     
    Last edited: Aug 4, 2017
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  3. Steve Petersen

    Steve Petersen Senior Veteran

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    Lower skill jobs booming. Big deal. Middle income wages have been stagnant for 40 years and now we have increased costs for medical insurance. This is no recovery, just another round of exploitation.
     
  4. Halbhh

    Halbhh Everything You say is Life to me Supporter

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    Even better though is that average wages finally started to rise a bit last year in 2016.

    Let's hope that can continue.
     
  5. Halbhh

    Halbhh Everything You say is Life to me Supporter

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    Yup, the increase in total wages plus benefits usually has gone to health insurance mostly since.....well, mostly in the last 20 years or more.
     
  6. SkyWriting

    SkyWriting The Librarian Supporter

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    Middle income workers rode the wave of industrial efficiency. An example being Henry Ford paying his assembly line workers. Now, we purposely buy imported cars and all those support incomes are not in the US. All of the middle class was destined to be replaced by competition becasue they all failed to innovate. Most just took driving vacations with their time off. And our houses became huge, each with lawns to spend more money on mowing. Few vegetable gardens for food. The middle class exploited the system of industry. When a local auto plant closed, many career workers had not yet gotten their HS Diploma.
     
  7. imind

    imind Senior Veteran

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    except trump had nothing to do with this...he's still working with obama's economy.

    thanks obama!
     
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  8. GoldenBoy89

    GoldenBoy89 We're Still Here

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    Thanks Obama!
     
  9. LoAmmi

    LoAmmi Dispassionate

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    Did you pay attention to these numbers prior to Mr. Trump? If so, did you thank Mr. Obama for the economy growing under his Presidency?
     
  10. mark46

    mark46 Well-Known Member Supporter

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    You do realize that the US is setting records in their production of cars and trucks. We produce MORE in the US than we ever have.
     
  11. KCfromNC

    KCfromNC Regular Member

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    In case no one mentioned it, thanks Obama!
     
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  12. SkyWriting

    SkyWriting The Librarian Supporter

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    So we are gaining market share over imports?
     
  13. Mountainmanbob

    Mountainmanbob Goat Whisperer Supporter

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    Why do the ones I know in business and our stock broker -- give all credit to Trump? I'll stick with them -- they are making me money.
    M-Bob
     
  14. DogmaHunter

    DogmaHunter Code Monkey

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    Maybe you should inform yourself a bit.
    This is not Trump's accomplishment, but that of the previous administration.

    If anything, it's in spite of Trump that the trend continues.
     
  15. JonFromMinnesota

    JonFromMinnesota Well-Known Member

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    Really? Show me the legislation that he has passed that would have a major impact in only 6 months.
    Were the jobs reports under Obama just fake?
     
  16. GoldenBoy89

    GoldenBoy89 We're Still Here

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    I'm guessing they're probably middle aged, white, watch Fox News. I'm sure there's other reasons too.
     
  17. Belk

    Belk Senior Member Supporter

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    Why does my auto mechanic, plumber, and pool boy credit Obama?
     
  18. morningstar2651

    morningstar2651 Senior Veteran

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    What in the World Is Causing the Retail Meltdown of 2017?

    There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s, and Sears have each announced more than 100 store closures. Sports Authority has liquidated, and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters, and American Eagle, and Ralph Lauren announced that it is closing its flagship Polo store on Fifth Avenue, one of several brands to abandon that iconic thoroughfare.

    A deep recession might explain an extinction-level event for large retailers. But GDP has been growing for eight straight years, gas prices are low, unemployment is under 5 percent, and the last 18 months have been quietly excellent years for wage growth, particularly for middle- and lower-income Americans.

    So, what the heck is going on? The reality is that overall retail spending continues to grow steadily, if a little meagerly. But several trends—including the rise of e-commerce, the over-supply of malls, and the surprising effects of a restaurant renaissance—have conspired to change the face of American shopping.
     
  19. cow451

    cow451 The Most Interesting Poster in the Forum Supporter

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    Weren't making money last year? Your broker should refund your fees, then.
     
  20. morningstar2651

    morningstar2651 Senior Veteran

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    This story was published in April of this year.

    Both then and now, you'd have a hard time pointing to any bills Trump has signed that would have a positive effect on the economy in the way some posters are boasting that the last 8 years of GDP growth were somehow the work of President Trump. The opening of the Obama presidency had a strong focus on recovering from the recession. The opening of the Trump presidency had a strong focus on halting immigration (both legal and illegal).

    The retail sector is in crisis and Trump isn't even talking about it. He isn't talking about it because there is nothing he can do to change it.
     
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