Do voters understand that GOP economics is a catastrophe in the making?

[Meister]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

Republicans do nothing for the middle class but Democrats will tax the shit out of them. How is that helping them.

Well, maybe when you have TDS you think like that, but.....
Contrary to what the media reports, middle class Americans are surging
“Two years after Trump tax cuts, middle class Americans are falling behind.” Huh?

This might be the most dishonest news story headline of recent times. As the author of columns that ran a few weeks ago in the Wall Street Journal and on these pages which clearly documented that the median household income, meaning the middle class, has gained about $5,000 of income in just three years, I knew this headline was fatuous. The undeniable success story of the American economy is the surge in middle class incomes since President Trump took office and his tax cuts took effect, with middle class incomes increasing at least five times faster than under President Obama.

It's a Middle-Class Boom | RealClearPolitics
It's a Middle-Class Boom
.


By Stephen Moore
October 15, 2019
AP Photo/Manuel Balce Ceneta


How much of the monetary gains from the Trump economic speedup have gone to the middle class? If you ask Democratic senators and presidential candidates Elizabeth Warren, Kamala Harris and Bernie Sanders, the answer to that question is ... almost none.

" [Donald] Trump's economy is great for billionaires, not for working people," Sanders likes to say. Meanwhile, House Speaker Nancy Pelosi grouses that under the Trump agenda, "the rich get richer, and everyone else is stuck paying the bill."


Uh-huh. That's been the standard liberal riff for the last couple of years as they try to explain how a president who they said would create a second Great Depression has created boom times with the lowest inflation and unemployment in half a century.

But not a word of this is true, according to new Census Bureau data on the incomes of America's middle class. This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).

 

[Meister]

I can't wait to here what the Demonicrats do for the middle class besides bring them down with socialism.

The left does not understand the implication of a socialist nation, IMO.
It isn't tweaking our system of government, it is transforming it to an entirely new government.
Every American will be affected negatively from the top down.

 

[Markle]

Uh, guy, you need to stop listening to Hate Radio crap.

Specifically, what are they saying that constitutes "HATE RADIO"?

Funny thing, no one in Canada wants an American style system. Why do you think that is

Funny thing, they don't know the difference. A kid that lives in an abusive household, thinks that it is normal and good.

Jun 11, 2018, 10:10am
Canadians Are One In A Million -- While Waiting For Medical Treatment
Sally PipesContributor
Policy
I cover health policy as President of the Pacific Research Institute
record.

Those long wait times were more than just a nuisance; they cost patients $1.9 billion in lost wages, according to a new report by the Fraser Institute, a Vancouver-based think-tank.

Lengthy treatment delays are the norm in Canada and other single-payer nations, which ration care to keep costs down.

Canadians Are One In A Million -- While Waiting For Medical Treatment

###

HEALTH CARE ANALYSIS
American Health Care Treats Canadians Who Cannot Wait
Kevin Pham / July 15, 2019

Canadian Medicare, our northern neighbor’s universal health care system, generally receives rave reviews from proponents of nationalized or socialized health care, but the Fraser Institute found that more than 63,000 Canadians left their country to have surgery in 2016.

As Americans contemplate overturning our health system in favor of one similar to Canada’s, we must ask why so many leave.

The Canadian system consistently ranks low or lowest across numerous metrics in the Commonwealth Fund’s extensive survey on health care. With regards to specialists and surgeries, the United States ranked best or nearly best.

American Health Care Treats Canadians Who Cannot Wait

 

[dudmuck]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

Republicans do nothing for the middle class but Democrats will tax the shit out of them. How is that helping them.

Well, maybe when you have TDS you think like that, but.....
Contrary to what the media reports, middle class Americans are surging
“Two years after Trump tax cuts, middle class Americans are falling behind.” Huh?

This might be the most dishonest news story headline of recent times. As the author of columns that ran a few weeks ago in the Wall Street Journal and on these pages which clearly documented that the median household income, meaning the middle class, has gained about $5,000 of income in just three years, I knew this headline was fatuous. The undeniable success story of the American economy is the surge in middle class incomes since President Trump took office and his tax cuts took effect, with middle class incomes increasing at least five times faster than under President Obama.

It's a Middle-Class Boom | RealClearPolitics
It's a Middle-Class Boom
.


By Stephen Moore
October 15, 2019
AP Photo/Manuel Balce Ceneta


How much of the monetary gains from the Trump economic speedup have gone to the middle class? If you ask Democratic senators and presidential candidates Elizabeth Warren, Kamala Harris and Bernie Sanders, the answer to that question is ... almost none.

" [Donald] Trump's economy is great for billionaires, not for working people," Sanders likes to say. Meanwhile, House Speaker Nancy Pelosi grouses that under the Trump agenda, "the rich get richer, and everyone else is stuck paying the bill."


Uh-huh. That's been the standard liberal riff for the last couple of years as they try to explain how a president who they said would create a second Great Depression has created boom times with the lowest inflation and unemployment in half a century.

But not a word of this is true, according to new Census Bureau data on the incomes of America's middle class. This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

 

[Meister]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

Republicans do nothing for the middle class but Democrats will tax the shit out of them. How is that helping them.

Well, maybe when you have TDS you think like that, but.....
Contrary to what the media reports, middle class Americans are surging
“Two years after Trump tax cuts, middle class Americans are falling behind.” Huh?

This might be the most dishonest news story headline of recent times. As the author of columns that ran a few weeks ago in the Wall Street Journal and on these pages which clearly documented that the median household income, meaning the middle class, has gained about $5,000 of income in just three years, I knew this headline was fatuous. The undeniable success story of the American economy is the surge in middle class incomes since President Trump took office and his tax cuts took effect, with middle class incomes increasing at least five times faster than under President Obama.

It's a Middle-Class Boom | RealClearPolitics
It's a Middle-Class Boom
.


By Stephen Moore
October 15, 2019
AP Photo/Manuel Balce Ceneta


How much of the monetary gains from the Trump economic speedup have gone to the middle class? If you ask Democratic senators and presidential candidates Elizabeth Warren, Kamala Harris and Bernie Sanders, the answer to that question is ... almost none.

" [Donald] Trump's economy is great for billionaires, not for working people," Sanders likes to say. Meanwhile, House Speaker Nancy Pelosi grouses that under the Trump agenda, "the rich get richer, and everyone else is stuck paying the bill."


Uh-huh. That's been the standard liberal riff for the last couple of years as they try to explain how a president who they said would create a second Great Depression has created boom times with the lowest inflation and unemployment in half a century.

But not a word of this is true, according to new Census Bureau data on the incomes of America's middle class. This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

????

The income for middle class is on the rise since Trump took office. Not sure what you're expecting.

 

[Markle]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

 

[dudmuck]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

 

[Markle]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

 

[Dragonlady]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

What a bunch of lame ass statistics. The size of households is going up because because adult children aren’t leaving home after college.

Millennials are caught the current sandwich generation. Caught between their boomer parents needing assistance, and adult children stuck in their basements. Not a good thing at all.

The birth rate is declining. And yet the size of households is increasing. Together these two things are not good signs.

 

[EdwardBaiamonte]

Free trade works for everyone when its a two-way street

???? obviously if its free trade it's a two-way street that works for everyone . If not everyone would not freely engage in it.

 

[EdwardBaiamonte]

our decades long $500 billion annual trade deficit with communist china is not healthy for the US economy

We have 3 choices: we can make better stuff so people will want to buy our stuff, we can insist on free fair trade, or we can limit trade to limit the deficit..

 

[EdwardBaiamonte]

The birth rate is declining. And yet the size of households is increasing. Together these two things are not good signs.

Yes, and blame it on our libcommies. They attack the economy with socialism, and then attack our families, religion, and schools and you have created a dire situation.

 

[EdwardBaiamonte]

I can't wait to here what the Demonicrats do for the middle class besides bring them down with socialism.

I think the plan is to keep shipping their jobs to China with higher taxes, more regulations, and the threat of American unions. After that the plan is to keep attacking the family, religion, and public schools!!

 

[Markle]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

What a bunch of lame ass statistics. The size of households is going up because because adult children aren’t leaving home after college.

Millennials are caught the current sandwich generation. Caught between their boomer parents needing assistance, and adult children stuck in their basements. Not a good thing at all.

The birth rate is declining. And yet the size of households is increasing. Together these two things are not good signs.

ALL my statistics were relevant and 100% accurate.

You, on the other hand, posted nothing but WHINING.

 

[EdwardBaiamonte]

And kids still go to bed hungry....

more go to bed very very fat. Do you want a libNazi state to fix both problems, and all other problems?

 

[EdwardBaiamonte]

Funny thing, no one in Canada wants an American style system. Why do you think that is.

no one in Europe either and yet they live at 60% of our per capita GDP, and yet it is America who saved civilization through 2 world wars and recreated it in our image, and America who invents the goods and services than enable them to live withjn 60% of our GDP.

 

[Markle]

our decades long $500 billion annual trade deficit with communist china is not healthy for the US economy

We have 3 choices: we can make better stuff so people will want to buy our stuff, we can insist on free fair trade, or we can limit trade to limit the deficit..

Other than reducing our minimum wage, there is not a chance that we will quit importing goods from other countries.

I also fail to see a critical problem with having a trade deficit. I have a huge deficit with my grocery store. Same with the gas station, Harley dealer, and my dry cleaner. We all seem to be doing quite well.

 

[Dragonlady]

Yet the typical worker cant afford to have a family.

Cost of education, healthcare and housing have skyrocketed.

You think im making this up?

The median male US worker now has to earn more than a year's salary to afford the annual expenses for a family of four, according to "The Cost of Thriving Index" published by the Manhattan Institute, a conservative think tank, and previously reported by The Washington Post.

In 1985, the typical male worker needed 30 weeks' pay to cover the $13,227 required for a family of four's major living costs: housing, healthcare, transportation, and education. As of 2018, those expenditures had risen to $54,441, and the typical male worker has to work 53 weeks to get there (shown in the chart below). "This is a problem, as there are only 52 weeks in a year," Oren Cass, the report's lead author, wrote.

How many people are in the average household today? NOT even close to four, it is 2.63 which means your whining is fatally flawed.

"Over the course of the nation’s history, there has been a slow but steady decrease in the size of the average U.S. household – from 5.79 people per household in 1790 to 2.58 in 2010. But this decade will likely be the first since the one that began in 1850 to break this long-running trend, according to newly released Census Bureau data. In 2018 there were 2.63 people per household."

The number of people in the average U.S. household is going up for the first time in over 160 years

###

Average Income in the U.S.
Recently, the U.S. Bureau of Labor Statistics (BLS) released their report on the Usual Weekly Earnings of Wage and Salary Workers. Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.

https://www.thestreet.com/personal-finance/average-income-in-us-14852178

###

Oh, I left one thing out, nearly 60% of married couples have two incomes.

So we're doing just fine thank you, with the number of low-income households shrinking, middle-income households shrinking and the number of upper-income households is expanding.

What a bunch of lame ass statistics. The size of households is going up because because adult children aren’t leaving home after college.

Millennials are caught the current sandwich generation. Caught between their boomer parents needing assistance, and adult children stuck in their basements.

 

[Mac-7]

our decades long $500 billion annual trade deficit with communist china is not healthy for the US economy

We have 3 choices: we can make better stuff so people will want to buy our stuff, we can insist on free fair trade, or we can limit trade to limit the deficit..

Other than reducing our minimum wage, there is not a chance that we will quit importing goods from other countries.

I also fail to see a critical problem with having a trade deficit. I have a huge deficit with my grocery store. Same with the gas station, Harley dealer, and my dry cleaner. We all seem to be doing quite well.

I have a problem with depending on china for vital products such as drug stock and surgical masks

we are so dependent on china for so much of our basic needs that they could cripple this country through an embargo that would make the arab oil embargo look trivial by comparison

 

[Mac-7]

our decades long $500 billion annual trade deficit with communist china is not healthy for the US economy

We have 3 choices: we can make better stuff so people will want to buy our stuff, we can insist on free fair trade, or we can limit trade to limit the deficit..

We can limit trade from china at the very least to diversify our supply chain

but ideally we need a trade policy that brings the jobs back to America

and in most cases that means tariffs