The Economy Is In Deep Trouble

[LoneLaugher]

imo the "problem" is we are still stuck in the reality of declining demand, and we've been there for decades going back to the 1990s. Each recovery is weaker. This time, before Trump, the fed didn't pull the QE rug out immediately, and we limped along with rather anemic growth. With Trump, McConnell justified his supply side tax cuts for the very wealthy on "4% growth." (choke choke, bwaahhhh) Neither party really had, or attempted, an answer. Obama was a friend of Wall St, despite his rhetoric, and the gop is literally run by criminals. (that's no comment on Russia or Ukraine gate)

But now, when we have another paper economy meltdown on bubble investment markets … what tools will the Fed still have?

The biggest reason why the recoveries have been weaker is because the people who actually spend money to drive our economy weren't the people who were actually getting enough money to do it. That problem started in the 80s. In that time people could use the equity in their homes as their ATMs to keep spending but even that wasn't enough. By the time Clinton was elected in 1992 the economy was on the verge of collapse. Which was the reason for "It's The Economy Stupid" was born.

The middle class and poor have not had a proper increase in wages since the 80s. The federal minimum wage has not been raised since the bush boy years. The only way some states have higher minimum wages is because the people voted for it by the ballot box.

While the wages, salaries, benefits and unearned income for those at the top increased and have continued to increase since the 80s while everyone else has stagnated.

It's gotten so bad that we now have people who work but still qualify for pubic assistance.

I believe the biggest factor in why recoveries are more and more sluggish is because of the massive state, federal, and corporate debt overhang.

The federal debt is by far the biggest threat to the future of our Republic. So when a dipshit howls "MAGA!" and then proceeds to double the deficit and spend more money than even Obama did, I figure we're all fucked.

I agree the handling of the budget and healthcare under DJT has been very disappointing.

That's awesome. The two things that people care most about. Well stated.

 

[DustyInfinity]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

 

[g5000]

Trump lied and exaggerated our trade deficit with China before he was elected.

And now he will go down in history for increasing it to a record level.

Words vs Actions, dipshits. Words vs. Actions.

 

[LoneLaugher]

Jamie Dimon in 2016:

In a wide-ranging interview Monday with CNBC, the JPMorgan Chase chief contended that growth is faster than the data indicate, based on his observation of conditions. He said America’s future is bright, and he estimated that with the proper measures, gross domestic product could expand by 4 percent under the next president.

“What we see is a strong consumer,” Dimon said. “Asset prices are up, 13 million more people are working, wages are going up, household spending is up.” It all means, he said, that things are improving after years of lackluster growth.

Link

High praise for Obama, and a cheery outlook for the next president, who turned out to be Trump.

"He said America’s future is bright, and he estimated that with the proper measures, gross domestic product could expand by 4 percent under the next president."

Well, Trump sure fucked up. He didn't get the 4 percent Dimon said he could.

Guess Jamie wised up after the disaster of the Surrender Monkey never getting under 4% unemployed!....and he still has 5 years to get it!!!Unlike the Obomanation!

Hey dumbass. Did Trump start with a 10 percent unemployment rate like Obama did?

Like I keep saying. Trump was elected on third base and you retards think he hit a triple.

When you start high it is easier to go lower....any first year math student knows that!.....lowest unemployment in 50 years lowest BLACK UNEMPLOYMENT EVER....AND WHERE WAS THE MAGIC NEGRO????

Obama did all the heavy lifting.

Trump was elected on third base and you tards think he hit a triple.

He spent a lot for sure and by 2015 people were pricing in a new POTUS. It really dipped in 2016 and beyond because a business friendly person won.

Pricing in the new POTUS by 2015?

Does that mean that people are pricing in a new POTUS now?

You're awesome.

 

[edward37]

A show of hands, anyone want to go back to the shit Obama economy? Nobody? Yeah we thought so.

The rising economy that bailed us out of a republican tragedy??That economy ?? You do remember 800000 a month losing their jobs under GWB?

I remember Obama's jobs crushing regulations, jobs crushing taxes, jobs crushing climate change BS. The American people also remember in 2016 and told Obama that his legacy and policies sucked ass. Remember 2016, when Dem's got their asses handed to them by Trump.

And yet somehow Obama's job creation was much better than Trump's.

How about that!

So I guess Trump's really crushing those jobs to death. What's more, he hasn't met the 4 percent GDP growth Jamie Dimon said he was being handed by Obama.

What a colossal fuckup Trump is.

Be very careful Repubs here have problems with facts

 

[g5000]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

I'm not voting for either one of them.

I am trying to wake the dumb herd up to start holding their own team's feet to the fire.

But as you can see, they are willfully blind and stupid. It's hopeless.

We get the politicians we deserve.

 

[edward37]

Trump lied and exaggerated our trade deficit with China before he was elected.

And now he will go down in history for increasing it to a record level.

Words vs Actions, dipshits. Words vs. Actions.

Trump is all lip service

 

[LoneLaugher]

If I could have one wish granted, it would be to have every Trombie view a two hour interview of Trump given by a panel of economic and foreign policy experts.

They would quickly realize that the idiot has no idea what he's talking about. Ever.

 

[LoneLaugher]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

Dumbass. I just met with a guy who will install a $30k solar panel unit on my roof, saving me over 100K in utility bills over the next 15 years.

Have you ever heard the moron POTUS talk about the economic powerhouse that renewable energy represents?

Moron.

 

[bendog]

A show of hands, anyone want to go back to the shit Obama economy? Nobody? Yeah we thought so.

The rising economy that bailed us out of a republican tragedy??That economy ?? You do remember 800000 a month losing their jobs under GWB?

I remember Obama's jobs crushing regulations, jobs crushing taxes, jobs crushing climate change BS. The American people also remember in 2016 and told Obama that his legacy and policies sucked ass. Remember 2016, when Dem's got their asses handed to them by Trump.

And yet somehow Obama's job creation was much better than Trump's.

How about that!

So I guess Trump's really crushing those jobs to death. What's more, he hasn't met the 4 percent GDP growth Jamie Dimon said he was being handed by Obama.

What a colossal fuckup Trump is.

Have you looked at the historic low unemployment under Trump? Do you even know what GDP is? But lets say Trump's economy sucks just for the sake of argument, compared to the nation wrecking TRILLIONS in new spending Dem 2020 candidates are promising the obvious choice is to stick with the Trump economy.

Biden hasn't opened his mouth like Sanders and Warren I like Biden to beat Trump and as you well know Trump is afraid of Biden which is why he tried to get Ukraine to do his dirty work for him[/QUOTETrump's a classic bully. Biden rolled over like a beat dog and never mentioned Ivanka and Jared. You can't do that. Obama punked Trump at the correspondant's dinner, and Trump still hasn't gone back. That event may have been the impetus for Trump to actually run for a party nomination, but it took Russia and Comey to get him over the finish line even against Hillary.

Patrick would have been the best candidate, but we're probably left with Mayor Pete and hoping he can somehow inspire a black turnout.

 

[Harpy Eagle]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

Dumbass. I just met with a guy who will install a $30k solar panel unit on my roof, saving me over 100K in utility bills over the next 15 years.

Have you ever heard the moron POTUS talk about the economic powerhouse that renewable energy represents?

Moron.

Fuck dude, how high are you utility bills? I will not even pay 50 grand over the next 15 years, let alone save 100k. You are going to save more than 460 a month just on your utility bill? I think your math is a tad fucked up.

 

[Mac1958]

I know this won't matter to the Randians out there, but...

70% of Americans say they are struggling financially

Hey, if they're working hard and still struggling, fuck 'em, y'know? They and their kids are to blame.
.

 

[Toddsterpatriot]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

Dumbass. I just met with a guy who will install a $30k solar panel unit on my roof, saving me over 100K in utility bills over the next 15 years.

Have you ever heard the moron POTUS talk about the economic powerhouse that renewable energy represents?

Moron.

Have you ever heard the moron POTUS talk about the economic powerhouse that renewable energy represents?

Obama has been out of office for almost 3 years, leave the poor guy alone.

 

[OnePercenter]

Economy Grew at 1.9% Rate in Quarter, Hit by Trade Fight and Global Weakness

Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the summer.

Gross domestic product — the broadest measure of goods and services produced in the economy — grew at a 1.9 percent annual rate for the third quarter, according to preliminary data released by the Commerce Department on Wednesday.

There is something of a tug-of-war going on between consumers, who continue to spend, and businesses, which have sharply pulled back on investment.


What benchmark did Trump and the pseudocons set for a 1.9 percent GDP growth figure? Hmmmm...

"The economy is in deep trouble."



Remember every time the Obama Administration reported the unemployment rate was dropping month after month, year after year, the tard herd began screaming about the Labor Force Participation Rate?

Well, it still sucks, kids:

Trump was right at that time in that 2012 tweet! The economy sucked under Obama. He was responsible for our Standard & Poor's triple A credit rating to be downgraded for the first time in history. Thanks to Donald Trump being elected by the silent White majority, we now have a thriving economy that's making America great again.

Except the "silent white majority" seems to forget about the worst economic crash in world history caused by the guy the "silent white majority" voted in office. It's about time the "silent white majority" grow some balls and accept responsibility for voting wrong instead of making their key boards sticky masturbating to tranny porn.

 

[Markle]

Maybe we should start claiming the REAL unemployment rate is 40 percent like the pseudocons used to when 92.6 million Americans were not in the labor force!

How many workers were added to the market during the time President Obama was in office.

Approximately 125,000 are added each month. Eight years, times 12 months times 125,000 equals 12,000,000 workers.

You're most welcome!

What is the point of that? Is 125k per month job growth good in your opinion?

Please read G5000's posts. He was bragging about how many more people were working after failed former President Barack Hussein Obama's administration. He "forgot" to take into consideration that 125,000 workers are added to the labor market each month.

Today, given that we have full employment, far more jobs than workers, yes 125,000 jobs being added in a month is a good thing.

 

[DustyInfinity]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

I'm not voting for either one of them.

I am trying to wake the dumb herd up to start holding their own team's feet to the fire.

But as you can see, they are willfully blind and stupid. It's hopeless.

We get the politicians we deserve.

So even though you hate Trump, you'll admit that the alternative is much, much worse?

 

[edward37]

A show of hands, anyone want to go back to the shit Obama economy? Nobody? Yeah we thought so.

I do Tired of this low life scum Trump

 

[LoneLaugher]

I'm just a Trumptard, but if you guys want your utilities to double, become dependent again on foreign energy, and have your gas prices skyrocket, then go ahead and vote for the other guy.

Dumbass. I just met with a guy who will install a $30k solar panel unit on my roof, saving me over 100K in utility bills over the next 15 years.

Have you ever heard the moron POTUS talk about the economic powerhouse that renewable energy represents?

Moron.

Fuck dude, how high are you utility bills? I will not even pay 50 grand over the next 15 years, let alone save 100k. You are going to save more than 460 a month just on your utility bill? I think your math is a tad fucked up.

Good catch. The time period is 25 years, not 15. The panels carry a 25 year warranty. The savings includes a 3% per year increase in cost.

 

[BluesLegend]

Biden hasn't opened his mouth like Sanders and Warren I like Biden to beat Trump and as you well know Trump is afraid of Biden which is why he tried to get Ukraine to do his dirty work for him

LOL brother, Biden is toast we took him down with the Ukraine scandal just like we took Hillary down with the email scandal. Sanders and Warren are unelectable in the general. You Dem's are getting good at snatching defeat from the jaws of victory.

 

[BluesLegend]

A show of hands, anyone want to go back to the shit Obama economy? Nobody? Yeah we thought so.

The rising economy that bailed us out of a republican tragedy??That economy ?? You do remember 800000 a month losing their jobs under GWB?

I remember Obama's jobs crushing regulations, jobs crushing taxes, jobs crushing climate change BS. The American people also remember in 2016 and told Obama that his legacy and policies sucked ass. Remember 2016, when Dem's got their asses handed to them by Trump.

And yet somehow Obama's job creation was much better than Trump's.

How about that!

So I guess Trump's really crushing those jobs to death. What's more, he hasn't met the 4 percent GDP growth Jamie Dimon said he was being handed by Obama.

What a colossal fuckup Trump is.

Be very careful Repubs here have problems with facts

We won didn't we, and we'll win again in 2020.