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Honored Social Butterfly

Polls: Economy Not So Great

Polls Show Possible Economic Weak Spots for Trump


A pair of polls released Monday showed that many Americans don't think they are benefiting from the bustling economy, revealing weak spots for President Trump in public opinion despite strong economic growth.


A Monmouth University Poll found that more than half of Americans don't think they've been substantially helped by the strong macroeconomic trends.


27 percent saying they haven't benefited much.


27 percent saying they haven't benefited at all.


Just 12 percent said the strong economy has helped their family a great deal.


https://thehill.com/policy/finance/441202-polls-show-possible-economic-weak-spots-for-trump

 

Social Butterfly

What is the Arithmetic Mean?

 

The arithmetic mean is another name for the mean or the average. When someone talks about the mean of a data set, they are usually talking about the arithmetic mean (most people just drop the word “arithmetic”). It’s called a different name to set it apart from other means found in math, including the geometric mean.

 

The mean is influenced by outliers , so it isn’t always a good indicator of where the middle of a data set is. For data sets that have either a lot of low values or a lot of high values, the median is often a better way to describe the “middle.”

 

 

 

 

 

Until people grasp the differences among these terms discussing the economy is pretty much pointless.

 

Mean, Median, Mode: What They Are, How to Find Them

 

  1. All about the…
  2. How to find the mean, median and mode by hand.
  3. Find the mean, median and mode with Technology:
Overview

Stuck on how to find the mean, median, & mode in statistics?

  1. The mean is the average of a data set.
  2. The mode is the most common number in a data set.
  3. The median is the middle of the set of numbers.

Of the three, the mean is the only one that requires a formula. I like to think of it in the other dictionary sense of the word (as in, it’s mean as opposed to nice!). That’s because, compared to the other two, it’s not as easy to work with.

Hints to remember the difference

Having trouble remembering the difference between the mean, median and mode? Here’s a couple of hints that can help.

  • “A la mode” is a French word that means fashionable and it also refers to a popular way of serving ice cream. So “Mode” is the most popular or fashionable member of a set of numbers. The word MOde is also like MOst.
  • The “Mean” requires you do arithmetic (adding all the numbers and dividing) so that’s the “mean” one.
  • “Median” has the same number of letters as “Middle”.

 

Still aren’t sure what the difference is between the three? Watch the video or read on for more info:

     

https://www.statisticshowto.datasciencecentral.com/probability-and-statistics/statistics-definitions...

 

America's Humongous Wealth Gap Is Widening Further

 

https://www.forbes.com/sites/pedrodacosta/2019/05/29/americas-humungous-wealth-gap-is-widening-furth...

 

Federal Reserve officials love singing the economy’s praises these days, throwing out terms like "full employment" and "remarkably positive" with abandon.

However, new research from the Fed itself shows the health of the economy is truly in the eye of the beholder.

In other words, distribution is everything. A steady economic expansion and historically low jobless rate can mask deep inequalities in income and wealth that leave American families in vastly different financial situations.

 

The Fed’s report shows, among other things, that the poorest 50% of Americans are literally getting crushed by the weight of rising inequalities.

 

"The top 10% of the wealth distribution—the purple and green areas together—hold a large and growing share of U.S. aggregate wealth, while the bottom half (the thin red area) hold a barely visible share," Fed economists write in a paper outlining the new data set on inequality, which is more timely than exisiting statistics.

 

 

The 400 Richest Americans Own a Greater Share of Wealth Than the Bottom 150 Million

 

https://fortune.com/2019/02/08/growing-wealth-inequality-us-study/

 

Wealth inequality is alive and well in the U.S.—and it’s only getting worse.

According to a new working paper on the topic by University of California at Berkeley economist Gabriel Zucman, wealth is distributed even more unevenly than that of income.

 

Zucman’s calculations show that the top 0.1% of the U.S. population possesses close to 20% of the wealth in the country—more than the bottom 80% of the population combined. When expanded to the top 10%, the share of the pie continues to grow: they own more than 70% of wealth in the country, or twice that owned by the bottom 90%.

 

 

 

 

 

 

 

 

 

 

 

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Honored Social Butterfly


@LouLit01 wrote:

What is the Arithmetic Mean?

 

 

Zucman’s calculations show that the top 0.1% of the U.S. population possesses close to 20% of the wealth in the country—more than the bottom 80% of the population combined. When expanded to the top 10%, the share of the pie continues to grow: they own more than 70% of wealth in the country, or twice that owned by the bottom 90%.

 


Great post Lou.    Income and wealth disparity has reached levels not seem since the 1700's, part of 'make America great again", I guess.

 

Half of working Americans make $30,000 or less annually, lurking just above poverty level. if things continue down this same path, it will get worse, the middle class is in danger of shrinking to next to nothing.


Man learns from history that man learns nothing from history.
Honored Social Butterfly

The economy is doing well but Trump Cult members ignore all the warning signs.

  • The deficit is rising significantly under Trump
  • Trump signed the largest budget in U.S. History
  • Trump started a Trade War which continues to hurt and negatively impact Americans
  • Auto plants are closing
  • In September, U.S. factory activity contracted for the second straight month and hit a 10-year low, triggering fresh concerns about the long range healthy of the economy

Essentially, if you're a large corporation or a wealthy individual, you're loving the impact of the Trump Tax bill. But if you're a blue collar worker or a midwest farmer, you might not be feeling so good.

Remember when Republicans stood for:

  • Reducing the Deficit
  • Reducing the size of the budget
  • FREE Trade / NO Tariffs
  • Fiscal Responsibility
Honored Social Butterfly

ToadPOTUS tRump is the first person to adjust Federal tax law to punish people living in Democratic controlled States.

 

Concerning the survey - Over half of the people responding that things were getting better came from families with income over $100,000/year. That group includes only 28.4% of American households. What this means is the survey results are drastically skewed to make the opinion of the wealthy much more popular than it really is. Republicans always "Gerrymander" their opinion polls to give greater weight to those who agree with GOPerLord dogma.

 

tRump is continuing the GOPer policy of redistributing income from the middle class to the top. Right now, lots of people are pleased they are making a few dollars more but the gap between what they are paid and what goes to the top 10% continues to widen, spurred on by the simple math of the Reagan taxscam that encourages those dividing the profits to keep them all for themselves.

Honored Social Butterfly

https://www.washingtonpost.com/opinions/2018/12/04/small-town-america-goes-so-goes-nation/?utm_term=...

 

As small-town America goes, so goes the nation?

 

 

We know Democrats have an electoral lock on urban residents while Republicans, especially under President Trump, dominate in rural areas. In suburbs outside major metropolitan centers, Democrats in 2018 had the advantage and, so long as Republicans stay on their anti-science, anti-immigration, anti-civility jag, that is unlikely to change. That leaves one geographic segment still up for grabs — and it happens to be the one where solid policy choices could produce positive results.

 

 

Bloomberg reports:

 

 

Donald Trump is nearly as unpopular in small towns as he is in suburban areas and cities, signaling potential trouble for his re-election prospects, according to a survey that highlights the Republican president’s vulnerabilities.

The latest Grinnell College National Poll also shows just less than a third of Americans say they definitely plan to vote for him in 2020, while 41 percent say they’re certain to cast a ballot for someone else.

In rural areas — not including those living in small towns — 46 percent say they’ll definitely vote for him for a second term. But in all other geographic areas, there’s much higher skepticism about a second Trump term. Just 33 percent of those in small towns definitely plan to vote for him, while 27 percent in suburbs and 24 percent in cities say they will. 

 

That suggests an opening for Democrats to make headway, even in red states.

 

 

Certainly, part of the answer is to run geographically-appropriate candidates, as the Democratic Party did last month in suburban districts. That generally requires more centrist candidates. However, in order to make progress in these small towns, Democrats will need an agenda.

 

 

Fortunately, there are plenty of good ideas out there — ones that will fit in well with the rest of an economic package designed to help those who have not prospered in the globalized economy.

Nathan Arnosti and Amy Liu, scholars at the Brookings Institution, write, “There are real economic challenges confronting small towns, many of which struggle to add jobs and retain population in today’s knowledge-driven economy.” One could try to induce more Americans to move to bigger cities, but that’s not realistic or desirable for many. Instead, Arnosti and Liu suggest:

 

 

A more strategic approach would aim to accelerate economic growth across mid-sized metro areas and micropolitan areas that are accessible to nearby rural areas. Imagine the state of Illinois not just anchored by the Chicago metro area, but by a network of other vibrant communities like Rockford, Peoria, Decatur, and Champaign-Urbana, which in turn offer opportunities for surrounding rural communities. Micropolitan areas like Traverse City, Mich., Corning, N.Y., and Kalispell, Mont., could serve as stronger centers of jobs, finance, and opportunities for rural households.

 

What kind of support would that entail? The authors recommend four approaches:

 

 

First, “to support economic growth in cities, these officials should provide additional flexibility and resources for smart, cross-sector economic planning at a local scale.” That means block grants rather than infrastructure or other development projects directed from Washington, D.C.

 

 

Second, while it’s not realistic for a small town to lure a major corporation to set up shop, “industry clusters” focused on small manufacturing and local supply chains can succeed.

 

 

Third, beefing up existing educational resources and adding new ones can increase the local talent pool. (“Digital skills are increasingly valued in today’s economy, and places that provide forward-looking educational opportunities to their students will help prepare them for jobs and launch new businesses. Furthermore, research institutions themselves are economic anchors that bring investment and workers into communities.”)

 

 

Finally, a range of programs to narrow the divide between huge urban centers and rural areas (including the small town within them) are needed. This includes “new digital skills training, renewed focus on closing broadband access and subscription divides, commuter subsidies, and . . . funding for existing programs that promote regional competitiveness, including federal R&D expenditures and the Manufacturing Extension Partnership.”

 

 

In other words, boosting the prospects of small towns both enriches them and the rural areas around them.

 

 

Democrats should keep in mind one additional advantage: Trump — not to mention his billionaire advisers, indicted cronies and former paramours — doesn’t remotely symbolize small-town values. Democrats would do well to make the case that they, not the Republicans, represent values such as empathy, community, family unity, self-discipline and hard work. Sen. Sherrod Brown (D-Ohio) talks about the “dignity" of work; Sen. Amy Klobuchar (D-Minn.) is another Democrat who seems to channel the temperament and concerns of Americans who don’t live in big cities.

 

 

As in so many other arenas, Trump and the Republicans do a good job of talking about small-town America, but their “solutions” — xenophobia, bringing back coal, protectionism — are either useless or even counterproductive (as we saw with the president’s tariffs).

 

 

Republicans still seem allergic to using government in positive ways to even help their own constituents.

 

 

That may be in part why small towns — like the suburbs near big cities — have grown disenchanted with Trump. Democrats, therefore, have an opportunity to marry good policy and good politics.

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Gold Conversationalist


@gordyfl wrote:

Polls Show Possible Economic Weak Spots for Trump


A pair of polls released Monday showed that many Americans don't think they are benefiting from the bustling economy, revealing weak spots for President Trump in public opinion despite strong economic growth.


A Monmouth University Poll found that more than half of Americans don't think they've been substantially helped by the strong macroeconomic trends.


27 percent saying they haven't benefited much.


27 percent saying they haven't benefited at all.


Just 12 percent said the strong economy has helped their family a great deal.


https://thehill.com/policy/finance/441202-polls-show-possible-economic-weak-spots-for-trump

 


You didn't purposely leave out the rest of your poll you trust did you?  

"Respondents who said they've seen benefits were more likely to be wealthy, with 58 percent of those earning over $100,000 saying they've benefited and just 34 percent of those earning under $50,000 saying the same."  $100,000 isn't considered 'wealthy' these days.

Also, this was a phone poll...wonder how they decided who to call...

 

The other was a WaPo poll.  Trust the WaPo who are getting sued for libel?  Plus they're lying about the 'claims' Pres Trump made...???  Not so trustworthy any more.

 

“If people in the media cannot decide whether they are in the business of reporting news or manufacturing propaganda, it is all the more important that the public understand that difference, and choose their news sources accordingly.”  Thomas Sowell

Honored Social Butterfly

The economy experienced a "dead-cat bounce" for the last couple months as the final impact of the tRump taxscam petered out. No new investments in job creation, only huge bonuses and stock buy-backs by the Corporate Oligarchs.

 

Meanwhile back on the farm, it's being sold to some Corporation thanks to donny's ignorant trade war with China.

 

Gasoline would be under a buck a gallon EXCEPT for the TanTrump lil Bonespurs threw that cut off Iranian and Venezuelan oil and moved us closer to more endless wars.

 

And not a word from Republicans on Social Security and Medicare financial fixes, and Yertle won't even allow those items to be mentioned on the Senate floor - too busy dismanteling banking regulations and cutting the SEC budget so there's nobody to watch Wall Street restart their love affair with the vaporous Derivatives and Mortgage Backed Securities (remember how well that worked for us last time the GOPers did it?).

 

As for unemployment, it really hasen't budged since President Obama got it back under control after the jrbush economic crash. lil donny's good numbers are a result of more people simply giving up hope of EVER finding a job - so FINALLY the Republican rants about the "labor participation rate" make sense, but with GOPers in the Whitehouse, they are mute on the subject.

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Honored Social Butterfly

Here are the preliminary stats from the Bureau of Economic Analysis on the 1st quarter 2019

 

https://www.bea.gov/news/blog/2019-04-26/gdp-increases-first-quarter

 

It appears the savings rate went up substantially but that could have been forecasted since that is the period when everybody is rushing their retirement money into accounts for the previous year for those tax credits.

 

People around here are spending money, me included - new roofs, a pretty penny, other large purchases or other  home maintenances items. One of my neighbor's just bought one of those do-everything John Deere tractors - nice! Another took a cruise or two.  My daughter just bought a new home, again a pretty penny where she bought ; thank goodness she had a 40% DP.

 

My County must think that both home and land prices are going up - assessments increased; got the notice last Friday.  

 

Another lady in my neighborhood bought a real old house with lots of acres, has totally redone the house for a short term rental unit for the movie industry people shooting in the area.

 

Can we really go by what people say or how they are polled on what they think -the good or bad of the economy has to be measured with what is shown to be real rather than a feeling; people have different situations..  Some could be still digging themselves out from the decline hole too.  All those people who got some reprieve through the Obama refi / modification housing programs (Making Home Affordable) to save their home are now wanting to do something but that amount that was added back to the end is still there.

 

 

 

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Honored Social Butterfly

I was talking to two administrative aides where I work.  They said this economy is not booming for them or their husbands. They are solidly middle class.  Stock is skyrocketing, but they don’t own stock. Gas prices are up. Food prices are up. Rent is up. Prescription drugs are up.

 

i find it interesting that food costs are up but our farmers made $11.8 billion less in the first quarter of 2019.  Why is that?

 

 

Gold Conversationalist


@ManicProgressive wrote:

I was talking to two administrative aides where I work.  They said this economy is not booming for them or their husbands. They are solidly middle class.  Stock is skyrocketing, but they don’t own stock. Gas prices are up. Food prices are up. Rent is up. Prescription drugs are up.

 

i find it interesting that food costs are up but our farmers made $11.8 billion less in the first quarter of 2019.  Why is that?

 

 


I'm not sure that is a good benchmark to go by.  Food prices are up when gas goes up, and in California gas is up because of their Alt-Left Liberal Governor Nuisance who keeps increasing the taxes on gas and lying to the people about where that money goes.

Also, our farmers have always struggled, even under the prior administration.

 

https://www.farmaid.org/issues/farm-economy-in-crisis/looming-crisis-american-farms/

 

The media has one job, and they fail at it every day.

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Honored Social Butterfly

CM9889 wrote-The media has one job, and they fail at it every day.------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Here is a typical example to your reply---18527869_10212396633448258_4027604031727376318_n.jpg

Honored Social Butterfly

A good economy usually results in high approval ratings for the president. We're not seeing that with Trump. 

Esteemed Social Butterfly


@ManicProgressive wrote:

I was talking to two administrative aides where I work.  They said this economy is not booming for them or their husbands. They are solidly middle class.  Stock is skyrocketing, but they don’t own stock. Gas prices are up. Food prices are up. Rent is up. Prescription drugs are up.

 

i find it interesting that food costs are up but our farmers made $11.8 billion less in the first quarter of 2019.  Why is that?

 

 


And farm bankruptcies haven't been this high since the republican Great Recession.

 

https://www.nydailynews.com/news/national/ny-news-farm-bankruptcies-trade-trump-tariffs-20190216-sto...

 

 

http://www.politifact.com/personalities/donald-trump/statements/byruling/false/ (13 pages of lies and growing)
Honored Social Butterfly

Do you know what I think? Personal debt.

 

Car loans, credit card debt, medical bills, dental bills are being paid on a monthly basis, mortgages, student loans -- all this because of easy credit. People are piling on personal debt at a faster rate than the economy is growing. It could turn into a catastrophe.

Plus, most of the economic growth is going to the top.

 

I see a lot of those commercials "Free Credit Score", and then they show you the nice things you can buy when your score goes up - on credit, of course.

Social Butterfly

We have to stop citing Wall Street sucess as an accomplishment for the average American Workers sucess. If the Stock Market it up, it affects the corporations, many of whom are international.  More than 50% of Americans dont own stocks. They dont get richer when the stock market climbs, the corporations and the stock brokers do. If the stock market climbs 20% in a year, do wages? NO 

Honored Social Butterfly


@PhilipT605548 wrote:

We have to stop citing Wall Street success as an accomplishment for the average American Workers success. If the Stock Market it up, it affects the corporations, many of whom are international.  More than 50% of Americans dont own stocks. They dont get richer when the stock market climbs, the corporations and the stock brokers do. If the stock market climbs 20% in a year, do wages? NO 


You are right Philip, and welcome to the forum.

 

Some who are able to travel in motor homes and invest in the stock market etc etc, judge how the majority of Americans are doing by how they are doing themselves. They need to do a reality check, that is not reality for the vast majority of Americans.


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Chasky wrote-Some who are able to travel in motor homes and invest in the stock market etc etc, judge how the majority of Americans are doing by how they are doing themselves. They need to do a reality check, that is not reality for the vast majority of Americans.---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------I never lived in a motor home and have  invested in the stock market for over 50 years.Reality check-I have bought 3 homes in my lifetime and have upgraded until I finally bought my retirement home on a lake.The vast majority of Americans have similar experience and many who like to travel enjoy living in a motor home in retirement(most have a permanent home somewhere)

Honored Social Butterfly

Chasky wrote-Some who are able to travel in motor homes and invest in the stock market etc etc, judge how the majority of Americans are doing by how they are doing themselves. They need to do a reality check, that is not reality for the vast majority of Americans.--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------EASYED  -I never lived in a motor home and have invested in the stock market for over 50 years.Reality check-I have bought 3 homes in my lifetime and have upgraded until I finally bought my retirement home on a lake.The vast majority of Americans have similar experience and many who like to travel enjoy living in a motor home in retirement(most have a permanent home somewhere)
**********************************

It's great that you have done well for yourself.....I've been lucky too but I have moved a lot  thus  have been acquainted with   people who were very wealthy and then some on the other extreme that were poor.     .    

 

The dream of equality of opportunity is just a dream or fantasy.    Some call it "our national myth" 

 

Financial  experiences, health,    luck    is hardly the same result for everyone.        Everyone has different physical and mental abilities plus  we need diversified careers cause our social structure would collapse.  


Many workers today are under-valued,  or under-employed or under paid today.....at least half the country is estimated to be in some kind of financial stress.  Today,  there are millions graduating from college hoping for a good job.     Not to forget the ones pushing   60.  who  got the boot when the economy tanked in 2008 and can't get anything but low wage service oriented positions.     .  

.   We have countless  retirees who made 50 cents an hour in the 1950's...  So how much could they have saved or invested....now living off of social security and still living under the line of poverty.   Most are widowed women cause they earned less..or ..lost years of earnings due to child-rearing.   Or were single like my aunt who was a care-giver for her aging mother.....at 14 she had to work as  a housekeeper for a wealthy family. cause her father died..... .then an underpaid  factory worker.the rest of her years.    


SO when people need food stamps....need medicaid.... it's not just our "Christian" duty but it's our obligation as human beings  not to judge ... but to help one another.     
.  .

 

     



. .        

Honored Social Butterfly


. janmb wrote-  We have countless  retirees who made 50 cents an hour in the 1950's...  So how much could they have saved or invested..--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------I made 95 cents/hour while going to college in 1958, yet I knew I wasn`t going to make that minimum wage all my life and those retirees who made 50 cents an hour probably did a lot better in the last 70 years.

Honored Social Butterfly


@easyed598 wrote:

Chaskyy wrote-Some who are able to travel in motor homes and invest in the stock market etc etc, judge how the majority of Americans are doing by how they are doing themselves. They need to do a reality check, that is not reality for the vast majority of Americans.---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------I never lived in a motor home and have  invested in the stock market for over 50 years.Reality check-I have bought 3 homes in my lifetime and have upgraded until I finally bought my retirement home on a lake.The vast majority of Americans have similar experience and many who like to travel enjoy living in a motor home in retirement(most have a permanent home somewhere)


No ........... the "vast majority of Americans" do not have "similar experience", and "most" don't have a retirement home on a lake. Almost half of Americans never buy a home.

 

httpss:/wwwwquoraa.com/How-many-Americans-own-a-house

 

 


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Chasky wrote-Some who are able to travel in motor homes and invest in the stock market etc etc, judge how the majority of Americans are doing by how they are doing themselves. They need to do a reality check, that is not reality for the vast majority of Americans---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Friday brought more good news, as the Labor Department’s Bureau of Labor Statistics announced that the number of employed Americans -- 158,803,000 -- set a 25th record under President Trump.

Year to  year -- since December 2018 -- 1,858,000 more workers have been added to American payrolls.

The unemployment rate in December remained at its 50-year low of 3.5 percent.

And the economy added 145,000 jobs in December, below November's (revised) 256,000 jobs added. Nevertheless, after revisions for October and November, job gains have averaged 184,000 over the last 3 months.                                                                                                         

Among the major worker groups, the unemployment rates for adult men (3.1 percent), adult women (3.2 percent), teenagers (12.6 percent), Whites (3.2 percent), Blacks (5.9 percent), Asians (2.5 percent), and Hispanics (4.2 percent) showed little or no change in December.

Average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $28.32 in the final month of 2019. Over the last 12 months, average hourly earnings have increased by 2.9 percent

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@easyed598 wrote:

Chaskyy wrote-Some who are able to travel in motor homes and invest in the stock market etc etc, judge how the majority of Americans are doing by how they are doing themselves. They need to do a reality check, that is not reality for the vast majority of Americans---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Friday brought more good news, as the LaborDepartment’ss Bureau of Labor Statistics announced that the number of employed Americans -- 158,803,000 -- set a25thh record under President Trump.

Year to  year -- since December 2018 -- 1,858,000 more workers have been added to American payrolls.

The unemployment rate in December remained at its 50-year low of 3.5 percent.

And the economy added 145,000 jobs in December, below November's (revised) 256,000 jobs added. Nevertheless, after revisions for October and November, job gains have averaged 184,000 over the last 3 months.                                                                                                         

Among the major worker groups, the unemployment rates for adult men (3.1 percent), adult women (3.2 percent), teenagers (12.6 percent), Whites (3.2 percent), Blacks (5.9 percent), Asians (2.5 percent), and Hispanics (4.2 percent) showed little or no change in December.

Average hourly earnings for all employees on privatenonfarmm payrolls rose by 3 cents to $28.32 in the final month of 2019. Over the last 12 months, average hourly earnings have increased by 2.9 percent


Funny, but when Obama or any democrat is been in office, the right wingers mock the unemployment rate and say it is fake because it doesn't count all of the people that have fallen off of the roles and are not counted in the unemployment rate. You know, like the 23 million homeless we have in America, like many of those living in poverty.. They also never mention the millions working low wage and part time jobs, among which 1 in 6 don't know where their children's meals are coming from tomorrow. Your average earning increasing by 2.9 percent is far below what the cost of living has increased. Your "3 cent" hourly increase is very paltry for anyone making $28.32 per hour, not near the increase in the cost of living, no where near, in fact.


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Chaskywrote- Your average earning increasing by 2.9 percent is far below what the cost of living has increased. Your "3 cent" hourly increase is very paltry for anyone making $28.32 per hour, not near the increase in the cost of living, no where near, in fact.-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------You neglect to mention that Obama`s last year that the yearly income for average workers was about 56,000/year compared to Trump`s $64,000/year . (and this was done in 3 years)

Honored Social Butterfly


@easyed598 wrote:

Chaskywrote- Your average earning increasing by 2.9 percent is far below what the cost of living has increased. Your "3 cent" hourly increase is very paltry for anyone making $28.32 per hour, not near the increase in the cost of living, no where near, in fact.-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------You neglect to mention that Obama`s last year that the yearly income for average workers was about 56,000/year compared to Trump`s $64,000/year . (and this was done in 3 years)


Anyone who can read a chart and understand should look at this:

 

https://www.ssa.gov/OACT/COLA/central.html


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Phillip wrote-More than 50% of Americans dont own stocks. They dont get richer when the stock market climbs, the corporations and the stock brokers do. If the stock market climbs 20% in a year, do wages? NO----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------So wrong with no facts to back up post. The truth is that the average family income has gone up almost $6,000/year  in the last 3 years compare to $900/year under Obama and $500/year under Bush. Counting tax cuts under Trump this total jumps to almost $10,000 /year since the tax cut took effect. BTW-I am no corporation or stock broker and my recent IRA statement for 2019 show an increase of 22 %.

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@ManicProgressive wrote:

I was talking to two administrative aides where I work.  They said this economy is not booming for them or their husbands. They are solidly middle class.  Stock is skyrocketing, but they don’t own stock. Gas prices are up. Food prices are up. Rent is up. Prescription drugs are up.

 

i find it interesting that food costs are up but our farmers made $11.8 billion less in the first quarter of 2019.  Why is that?

 

 


The economy is booming for most people. There is one exception: if you live in a blue state (with high income, real-estate, and sales tax) and you previously wrote off in excess of $10,000 (in state taxes) on your federal income taxes, now you must settle on the $10,000 limit.  Every person who doesn't have this situation and actually paid some federal income taxes is doing better with the new tax rates.

Honored Social Butterfly


@NOTHAPPENING wrote:

@ManicProgressive wrote:

I was talking to two administrative aides where I work.  They said this economy is not booming for them or their husbands. They are solidly middle class.  Stock is skyrocketing, but they don’t own stock. Gas prices are up. Food prices are up. Rent is up. Prescription drugs are up.

 

i find it interesting that food costs are up but our farmers made $11.8 billion less in the first quarter of 2019.  Why is that?

 

 


The economy is booming for most people. There is one exception: if you live in a blue state (with high income, real-estate, and sales tax) and you previously wrote off in excess of $10,000 (in state taxes) on your federal income taxes, now you must settle on the $10,000 limit.  Every person who doesn't have this situation and actually paid some federal income taxes is doing better with the new tax rates.


So show some actual reputable sources that show the "the economy is booming for most people".

 

You are mistaken I am one of the people who "doesn't have this situation" you referred to, I pay plenty of taxes, and I am not "doing better" with the new tax rates.  You keep making these claims with nothing to back them up.  Do the actual math, those at the top with the huge tax cuts are the ones "doinjg better with the new tax cuts".


Man learns from history that man learns nothing from history.
Social Butterfly

Since when does the President of the United states contol the stock market? Why is that a measure of an average citizens wealth? Its a measure of corporate wealth, and maybe, maybe after they pay the shareholders and boards of directors, some may trickle down thier leg to the average worker. Point is, wages have not risen like the stock market has. We are not taxing earinings on the growth of the market like we are the little people who pay all the taxes in this nation.

Honored Social Butterfly

economy is booming for most people".

 

Chasky wrote-You are mistaken I am one of the people who "doesn't have this situation" you referred to, I pay plenty of taxes, and I am not "doing better" with the new tax rates.-------------------------------------------------------------------------------------------------------------------------You are the only person  I know who was doing better under Obama`s higher tax rates.

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