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Valued Social Butterfly
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Re: It's the Economy, Stupid.

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   RW will squeal some more and never comprehend that having low paying jobs makes one number  look good (U3), so that is all that is needed to keep their blind folds in place.    Someone posted nonsense about manufacturing jobs - I challenged that as the percent of the economy that is counted in that metric was less than 10% and is no longer being tracked....so that is baffle with bs.   

 

    The current regime is doing nothing to revive the middle class, and that is a BFD.    

PRO-LIFE is Affordable Healthcare for ALL .
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Re: It's the Economy, Stupid.

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Trump Says He Launched an ‘Economic Boom.’


Here’s what we know


President Donald Trump said in his State of the Union address that his administration “launched an unprecedented economic boom.”
“Our country is vibrant and our economy is thriving like never before,” Trump said.
It’s the same way Trump talked about what he could do for the economy in 2016, when he campaigned as a savvy businessman who would revitalize the economy by bringing back manufacturing jobs and transform the U.S. approach to global trade.


Two years into his presidency, and with the 2020 presidential election on the horizon, Trump used the State of the Union address to argue he’s kept his word.


The president has taken steps to boost the economy, through a combination of tax cuts, cutting regulations, imposing new tariffs, and shaking up global trade agreements.


The results have been uneven.

 

  • General Motors announced late last year that it would lay off about 14,000 workers, with the latest round taking place Monday.
  • The construction equipment manufacturer Caterpillar announced a series of layoffs last year.
  • Carrier, the air conditioning company Trump said he convinced to reverse its plans to move production to Mexico, announced a series of layoffs.

Tom Wolikow was laid off from GM’s Lordstown, Ohio, plant after working there for nine years. He recently landed a job at another GM plant in Flint, Michigan, but to get the job he had to leave his family in Ohio.
Wolikow did not vote in the 2016 election but said he was excited when the president came to Youngstown, Ohio, in 2017, promising jobs would come back to the region.
“I took him for his word,” Wolikow said in a recent phone interview. But the hope quickly faded.

“All I’ve been seeing is job loss in my area. It’s really hard to think he’s doing something for our area when it seems the opposite is happening.”

 

https://www.pbs.org/newshour/economy/making-sense/trump-says-he-launched-an-economic-boom-heres-what...

 

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Re: It's the Economy, Stupid.

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It's the Economy, Stupid.

 

It's not a red light yet, but it's definitely flashing yellow.

 

The FED is backing off interest rates, we will get more money printed and pumped into the economy, and the deficit is way over a trillion a year with no end is sight. We are still spending money " off budget " which basically means the deficit is hundreds of billions higher then the government says it is.

 

The status quo is being protected, the 1% who own the vast majority of stock are being protected, and everyone else is and will pay the price.

 

They get the gold mine, we get the shaft.

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Re: It's the Economy, Stupid.

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It's the Economy, Stupid.

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Throughout his presidency, Donald Trump has relied on one key ally to get him through some of the tougher times - a strong economy.
But what will the economic landscape look like, come November 2020? There are some clouds on the horizon.


Here's a couple of good signs.


As of January, the unemployment rate was at 4%. That is the lowest it's been since December of 2000. By the way, that is near full employment.


And just as important, people are feeling good about the economy, as well.
69% of Americans think, this time next year, they're gonna be better off, financially. That is the highest rate of optimism that we've seen since 2002. And that's a number the president himself tweeted out this week. Low unemployment, people feeling good.


Some bad signs::

 

  • The Fed announced that 7 million Americans are at least 90 days late on their car payments. How important is that number? That's a record amount of people. Skipping car payments is not something consumers typically do casually. This could also mean trouble ahead for the automobile industry, if consumers are less able to afford new cars.
  • The amount of revolving debt, usually credit card debt, held by Americans is also at a new record, over $1 trillion. It's been over $1 trillion since September of 2017. Before that, the last time the number was roughly this high, January 2009, with people relying heavily on credit cards during the Great Recession.

After 116 straight months of growth, there are some warning signs emerging that could play a role in the 2020 presidential election.


https://www.nbcnews.com/meet-the-press/meet-press-february-17-2019-n972606

 

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