The Next Recession Is Going to Be Brutal. The economy is showing signs of turning ...

[Toddsterpatriot]

Trump promised to destroy everything Obama did. And Obama left Trump a strong economy, so naturally, the economy must be destroyed. It’s the GOP way.

Lets face it. The American people are stupid AF. Of course I mean the ones who either don't vote or the ones who are middle class/poor and vote GOP.

Those who don't know history are doomed to repeat it. Or something like that. Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich. An economy that was making the rich richer than ever but wasn't good for the middle class. All the while Republicans were telling us the fundamentals of our economy were strong. Remember McCain said that when we were heading into a recession? That is why Obama won in 2008. McCain didn't seem to have a clue what to do about the Great Recession Bush caused.

Video: Trump says economy is 'strong' amid Dow plunge

Lets face it. The American people are stupid AF.

Hope and Change, eh?

Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich.

Everybody got tax cuts.

Yea whatever. I got $1800. Hasn't changed my life at all. But the rich are really enjoying Trump's huge tax breaks. So are corporations. And our breaks will expire. And they are adding to the debt.

PLUS, if Trump wins a second term he will push to make cuts to our social security and medicare to offset the tax breaks. In other words the tax break you got will cost you a lot more in the future. DUMMY.

Yea whatever. I got $1800.

You lied. I know.

You got cuts under Bush too.

And our breaks will expire.

Because the Dems are twats.
Has Pelosi introduced a bill to make the middle class cuts permanent yet?

I know that is your angle. That's why Trump didn't make the middle class tax breaks permanent. If I were the next POTUS I'd make the middle class ones stay but do away with the breaks he gave the rich.

That's why Trump didn't make the middle class tax breaks permanent.

Because the Dems wouldn't vote to make them permanent.

 

[otto105]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Brutal.....Bwaaahhhaaaaaaaa…...More talking points from MSNBC again. Do you ever have an original thought? I have $100,000 waiting for the next down turn. Last time there was a recession that the Democrats caused in 2007(thanks to Nan from San Fran) I went all in with Chipotle making 8 times profit.

Just $100K, I have $1M waiting for the grifter to tank the economy (like GWB did in 2007) and crush the markets.

 

[jc456]

Yea, we told you so. Our way was slower but steady. All we needed to do to improve the obama economy was to pass a middle class only tax break. The rich were already killing it under obama.

We didn’t pray for it. Don’t be gay. We just told you so. Trumps bad for international business.

Now I worry he will rig the election like putin would. A man he admires. A murderer. So trump had to kill someone to get in the club. Epstein was trumps hit he had to do. For somebody. It is his federal prison. Leadership is responsible. His own words in 2013

So Trump killed Epstein? Really? I mean REALLY? You need to check yourself, Sealy because THAT is some world class stupid shit!!!!!!

As stupid as Clinton killing Epstein?

Didn't see you tell our asshole POTUS to go check himself.

one judge is now dead as well, I'd say that comment has more truth than trump. Seen the picture of clinton in a dress? Slick willie? Blue dress from contact with Epstein. hmmmm Vince Foster, seth Rich, patterns.

Is Oldstyle going to say So Clinton killed Epstein? Really? I mean REALLY? You need to check yourself, jc456 because THAT is some world class stupid shit!!!!!!

Is Oldstyle going to say that to you?

Even Trump admits he is responsible. He is in charge of the Federal Government. Epstein was in a Federal Prison.

Donald J. Trump‏Verified account @realDonaldTrump
Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

11:01 AM - 8 Nov 2013

I actually posted that I WASN'T saying Clinton killed Epstein! I'm simply mocking your pathetic attempt to make Epstein's death (from whatever cause!) Donald Trump's fault.

have you seen the photo of slick willie in a dress? I saw it on Joe Pags show last night. not sure where he found it, but it's hilarious. Supposedly hanging in Epstein's island place.

here, found it

 

[jc456]

Lets face it. The American people are stupid AF. Of course I mean the ones who either don't vote or the ones who are middle class/poor and vote GOP.

Those who don't know history are doomed to repeat it. Or something like that. Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich. An economy that was making the rich richer than ever but wasn't good for the middle class. All the while Republicans were telling us the fundamentals of our economy were strong. Remember McCain said that when we were heading into a recession? That is why Obama won in 2008. McCain didn't seem to have a clue what to do about the Great Recession Bush caused.

Video: Trump says economy is 'strong' amid Dow plunge

Lets face it. The American people are stupid AF.

Hope and Change, eh?

Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich.

Everybody got tax cuts.

Yea whatever. I got $1800. Hasn't changed my life at all. But the rich are really enjoying Trump's huge tax breaks. So are corporations. And our breaks will expire. And they are adding to the debt.

PLUS, if Trump wins a second term he will push to make cuts to our social security and medicare to offset the tax breaks. In other words the tax break you got will cost you a lot more in the future. DUMMY.

Yea whatever. I got $1800.

You lied. I know.

You got cuts under Bush too.

And our breaks will expire.

Because the Dems are twats.
Has Pelosi introduced a bill to make the middle class cuts permanent yet?

I know that is your angle. That's why Trump didn't make the middle class tax breaks permanent. If I were the next POTUS I'd make the middle class ones stay but do away with the breaks he gave the rich.

That's why Trump didn't make the middle class tax breaks permanent.

Because the Dems wouldn't vote to make them permanent.

these leftists don't understand that congress is involved in this. hmmmmmm ain't too bright.

 

[Toddsterpatriot]

So Trump killed Epstein? Really? I mean REALLY? You need to check yourself, Sealy because THAT is some world class stupid shit!!!!!!

As stupid as Clinton killing Epstein?

Didn't see you tell our asshole POTUS to go check himself.

one judge is now dead as well, I'd say that comment has more truth than trump. Seen the picture of clinton in a dress? Slick willie? Blue dress from contact with Epstein. hmmmm Vince Foster, seth Rich, patterns.

Is Oldstyle going to say So Clinton killed Epstein? Really? I mean REALLY? You need to check yourself, jc456 because THAT is some world class stupid shit!!!!!!

Is Oldstyle going to say that to you?

Even Trump admits he is responsible. He is in charge of the Federal Government. Epstein was in a Federal Prison.

Donald J. Trump‏Verified account @realDonaldTrump
Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

11:01 AM - 8 Nov 2013

I actually posted that I WASN'T saying Clinton killed Epstein! I'm simply mocking your pathetic attempt to make Epstein's death (from whatever cause!) Donald Trump's fault.

have you seen the photo of slick willie in a dress? I saw it on Joe Pags show last night. not sure where he found it, but it's hilarious. Supposedly hanging in Epstein's island place.

here, found it

Painting, not a photo.

 

[Mikeoxenormous]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Brutal.....Bwaaahhhaaaaaaaa…...More talking points from MSNBC again. Do you ever have an original thought? I have $100,000 waiting for the next down turn. Last time there was a recession that the Democrats caused in 2007(thanks to Nan from San Fran) I went all in with Chipotle making 8 times profit.

Just $100K, I have $1M waiting for the grifter to tank the economy (like GWB did in 2007) and crush the economy.

You do know who is head of Congress again, like she was in 2007?

 

[DigitalDrifter]

And as predicted, Dimocrats celebrating that their 401K's are tanking, and will celebrate even more if workers begin losing their jobs.

 

[SassyIrishLass]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Brutal.....Bwaaahhhaaaaaaaa…...More talking points from MSNBC again. Do you ever have an original thought? I have $100,000 waiting for the next down turn. Last time there was a recession that the Democrats caused in 2007(thanks to Nan from San Fran) I went all in with Chipotle making 8 times profit.

Just $100K, I have $1M waiting for the grifter to tank the economy (like GWB did in 2007) and crush the economy.

There were more hands in the 07 crash than just Bush's

 

[Toddsterpatriot]

The Next Recession Is Going to Be Brutal

Why?​

 

[otto105]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Brutal.....Bwaaahhhaaaaaaaa…...More talking points from MSNBC again. Do you ever have an original thought? I have $100,000 waiting for the next down turn. Last time there was a recession that the Democrats caused in 2007(thanks to Nan from San Fran) I went all in with Chipotle making 8 times profit.

Just $100K, I have $1M waiting for the grifter to tank the economy (like GWB did in 2007) and crush the economy.

You do know who is head of Congress again, like she was in 2007?

The "head of Congress"?

What are you? A third grader?

 

[bigrebnc1775]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

We heard the same exact thing under Bush until the democrats came along and created the mess they were talking about

 

[Dick Foster]

I

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

I think we've heard this sky is falling bullshit before.

 

[Mikeoxenormous]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Brutal.....Bwaaahhhaaaaaaaa…...More talking points from MSNBC again. Do you ever have an original thought? I have $100,000 waiting for the next down turn. Last time there was a recession that the Democrats caused in 2007(thanks to Nan from San Fran) I went all in with Chipotle making 8 times profit.

Just $100K, I have $1M waiting for the grifter to tank the economy (like GWB did in 2007) and crush the economy.

You do know who is head of Congress again, like she was in 2007?

The "head of Congress"?

What are you? A third grader?

Isnt Nancy Blinkie Pelosi the head of Congress? Oh, you want me to use her official title, of Speaker of the House, yet cant keep 4 of her constituents in line. That was why I use Head of Congress, like a figure head, that is all.

 

[miketx]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Must be a graduate from the AOC school of economic prediction failures.

 

[jc456]

As stupid as Clinton killing Epstein?

Didn't see you tell our asshole POTUS to go check himself.

one judge is now dead as well, I'd say that comment has more truth than trump. Seen the picture of clinton in a dress? Slick willie? Blue dress from contact with Epstein. hmmmm Vince Foster, seth Rich, patterns.

Is Oldstyle going to say So Clinton killed Epstein? Really? I mean REALLY? You need to check yourself, jc456 because THAT is some world class stupid shit!!!!!!

Is Oldstyle going to say that to you?

Even Trump admits he is responsible. He is in charge of the Federal Government. Epstein was in a Federal Prison.

Donald J. Trump‏Verified account @realDonaldTrump
Leadership: Whatever happens, you're responsible. If it doesn't happen, you're responsible.

11:01 AM - 8 Nov 2013

I actually posted that I WASN'T saying Clinton killed Epstein! I'm simply mocking your pathetic attempt to make Epstein's death (from whatever cause!) Donald Trump's fault.

have you seen the photo of slick willie in a dress? I saw it on Joe Pags show last night. not sure where he found it, but it's hilarious. Supposedly hanging in Epstein's island place.

here, found it

Painting, not a photo.

yep portrait. someone clicked it and provided it by photo from the island.

 

[Anathema]

Well thats because you can't do simple math.

Trump - Establishment Republicans to pull the lever for him = Democrat President in 2021.

That’s fine. I have thousands of rounds of ammunition to support my “Bullets over Ballots” Resistance Campaign if a Democrat wins in 2020.

 

[sealybobo]

Lets face it. The American people are stupid AF. Of course I mean the ones who either don't vote or the ones who are middle class/poor and vote GOP.

Those who don't know history are doomed to repeat it. Or something like that. Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich. An economy that was making the rich richer than ever but wasn't good for the middle class. All the while Republicans were telling us the fundamentals of our economy were strong. Remember McCain said that when we were heading into a recession? That is why Obama won in 2008. McCain didn't seem to have a clue what to do about the Great Recession Bush caused.

Video: Trump says economy is 'strong' amid Dow plunge

Lets face it. The American people are stupid AF.

Hope and Change, eh?

Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich.

Everybody got tax cuts.

Yea whatever. I got $1800. Hasn't changed my life at all. But the rich are really enjoying Trump's huge tax breaks. So are corporations. And our breaks will expire. And they are adding to the debt.

PLUS, if Trump wins a second term he will push to make cuts to our social security and medicare to offset the tax breaks. In other words the tax break you got will cost you a lot more in the future. DUMMY.

Yea whatever. I got $1800.

You lied. I know.

You got cuts under Bush too.

And our breaks will expire.

Because the Dems are twats.
Has Pelosi introduced a bill to make the middle class cuts permanent yet?

I know that is your angle. That's why Trump didn't make the middle class tax breaks permanent. If I were the next POTUS I'd make the middle class ones stay but do away with the breaks he gave the rich.

That's why Trump didn't make the middle class tax breaks permanent.

Because the Dems wouldn't vote to make them permanent.

He got his tax bill passed without the Democrats. Stop lying.

 

[Dragonlady]

The only policy option Trump has is to continue blubbering and blathering nonsense to his cheering base.

Meanwhile, its only the top end of the social order that received any benefit from Trump's tax cuts.

The stock market bubble is looking to burst biggly sending 401k values to the bottom.

Europe is already feeling the chill of recession. Its just a matter of time for the USA now.

Trump took a growing economy from Obama and sent it spinning.

The Next Recession Is Going to Be Brutal

The Next Recession Is Going to Be Brutal
The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust
By TESSA STUART

WASHINGTON, DC - AUGUST 9 : President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Donald J. Trump stops to talk to reporters and members of the media as he walks to Marine One to depart from the South Lawn at the White House on Friday, Aug 09, 2019 in Washington, DC.
Jabin Botsford/The Washington Post/Getty Images
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead.

According to research from Credit Suisse (via the Washington Post) recessions historically have followed 18 to 24 months after the yield curve inversions like the one Wednesday morning.
Before we get too carried away, it’s worth mentioning that there are some who argue the yield curve invert isn’t as reliable a recession indicator as it’s generally made out to be. Former Federal Reserve chair Janet Yellen struck a note of caution during a Wednesday morning appearance on Fox Business. “Historically, it has been a pretty good signal of recession, and it think that’s when markets pay attention to it, but I would really urge that on this occasion it may be a less good signal,” Yellen said. “The reason for that is there are a number of factors other than market expectations about the future path of interest rates that are pushing down long-term yields.”
But sooner or later, the current economic expansion — by many measures the longest in U.S. history — is going to end. And that’s particularly troubling when you consider how many Americans continue to fare poorly even in the current “strong economy.”
Some 40 percent of American families struggled to cover the cost of food, health care, housing or utilities last year, according to a report from the Urban Institute. A Fed found four in 10 adults couldn’t cover a $400 emergency expense. Even at the current low unemployment rate, about 6 million workers are actively looking for jobs right now — and that doesn’t include part-time workers looking for more hours or those who want work but have stopped looking. Men in the prime of their lives are employed at lower rates than they were before the last recession. Suicide rates are spiking, driving down U.S. life expectancy.
A Gallup poll released in January found 48 percent of Americans felt economic conditions were worsening — a trend that had steadily progressed in preceding months — despite the fundamentals remaining strong. At issue was the fact that the benefits of a strong economy were not being broadly shared by all Americans.
Fed Chairman Jerome H. Powell called the dynamic out in two speeches he delivered at the end of last year. “The benefits of this strong economy and sound financial system have not reached all Americans,” he explained. “The aggregate statistics tend to mask important disparities by income, race and geography.”
A recession could take many of those families struggling on the margins and push them squarely into poverty. A family that can’t cover a $400 expense definitely isn’t ready to weather an unexpected layoff. And workers already struggling to find jobs will fare worse if and when the number of openings plummet and the number of unemployed job seekers climbs.
The fact that there are so many Americans still struggling highlights the opportunity President Trump and Republicans missed when they slashed taxes for corporations, businesses and the wealthy, rather than, say, shoring up social safety net accounts, investing in economic development in marginalized communities, funding worker training programs to help them transition to more stable jobs — or even just paying off some of the nation’s debt.
Instead, of course, Republicans promised the working-class and poor would get their share as benefits trickled down in the form of a tax cut-fueled economic explosion. Whether that was a lie or a delusion doesn’t matter now. The economy is showing signs of turning, and the people who saw the least benefit from the latest boom are now the most vulnerable ahead of the next bust.

Brutal.....Bwaaahhhaaaaaaaa…...More talking points from MSNBC again. Do you ever have an original thought? I have $100,000 waiting for the next down turn. Last time there was a recession that the Democrats caused in 2007(thanks to Nan from San Fran) I went all in with Chipotle making 8 times profit.

Good for you asshat!!!

Now what happens to the other 300,000,000 plus people in your country. Conservatives are really big on telling us all how well THEY'RE doing, and it's always in the stock market. They're not building things, they're not selling things, their investments are doing well. SOMEBODY has to be working and earning that money for your investments to do well.

And those people are demanding to be paid for their work. It's about time.

 

[DigitalDrifter]

And as predicted, Dimocrats celebrating that their 401K's are tanking, and will celebrate even more if workers begin losing their jobs.

 

[Toddsterpatriot]

Lets face it. The American people are stupid AF.

Hope and Change, eh?

Did we forget the Bush era? Reminds me of today. Big tax breaks to the rich.

Everybody got tax cuts.

Yea whatever. I got $1800. Hasn't changed my life at all. But the rich are really enjoying Trump's huge tax breaks. So are corporations. And our breaks will expire. And they are adding to the debt.

PLUS, if Trump wins a second term he will push to make cuts to our social security and medicare to offset the tax breaks. In other words the tax break you got will cost you a lot more in the future. DUMMY.

Yea whatever. I got $1800.

You lied. I know.

You got cuts under Bush too.

And our breaks will expire.

Because the Dems are twats.
Has Pelosi introduced a bill to make the middle class cuts permanent yet?

I know that is your angle. That's why Trump didn't make the middle class tax breaks permanent. If I were the next POTUS I'd make the middle class ones stay but do away with the breaks he gave the rich.

That's why Trump didn't make the middle class tax breaks permanent.

Because the Dems wouldn't vote to make them permanent.

He got his tax bill passed without the Democrats. Stop lying.

So why didn't he make it all permanent? Go ahead, look it up.