Why should you vote Republican

[task0778]

When Trump talks about Obama's fake UE numbers, he's referring to the UE rate, which did drop under Obama. BUT:

There are two ways the unemployment rate can drop. By adding new jobs or by decreasing the amount of people in the labor force.

For much of Obama's term, those unemployment rate drops were due more to decreasing labor force than increasing jobs. Just look at the labor force participation rate for people in their prime working years 25-54. From Jan 2009 thru July 2014, the labor force participation rate drops 2.2% as people found other ways to get by as they gave up looking for work. That's millions of Americans moving back home with mom and dad, or getting on disability or welfare.

So of the 3% unemployment rate decline we saw during the 8 years of Obama, more than 2/3rds of that was due to people leaving the work force, not going back to work.

Now look at Trump. We've seen the labor force participation rate grow by 0.6% since he became President. That's more people entering the labor force after having given up, and despite that we've had the unemployment rate go down 0.9% He's doing the opposite of what Obama did. Remember that equation about labor force and unemployment rate. If the labor force had remained static, unemployment would have actually been down 1.5%.

Source: Bureau of Labor Statistics Data...

Now, about all those jobs Obama created; more people began working part-time and/or low-wage jobs while he was in office. Roughly 17% of workers were part-timers before the recession. That proportion shot up to an all-time high of 20.1% in 2010, before slowly retreating over Obama’s next six years in office, measuring 18.3% inhis last year.

Some workers elect for part-time status voluntarily—it’s been easier to do so in the age of Obamacare, after all, when health care is less tied to one’s job. The ranks of involuntary part-time employees, who want full-time work but can’t find it, rose from 8 million in 2008 to a high of 9.2 million in 2010, before falling to 6.6 million in 2015.

Over the full course of the Obama years, there’s been a net loss of about 300,000 manufacturing jobs. But in the 21 months since his inauguration, President Trump's deregulatory policies and historic tax cuts have led to a manufacturing resurgence, with 396,000 jobs added. In fact, the pace of manufacturing job growth over the past 21 months of President Trump's leadership is more than 10 times that of President Obama's last 21 months in office.

A significant part of America's manufacturing boom may also be attributable to a key change in the tax code signed into law in December 2017. The new law encouraged U.S. companies with corporate earnings sitting overseas avoiding high U.S. corporate taxes to bring that cash back to American shores. Some $300 billion out of what the Federal Reserve estimated is $1 trillion in multinational enterprises' profit was sent home in the first quarter of 2018.

In August, there were 7.1 million job openings – the highest number ever recorded – with only 6.2 million people unemployed. In other words, there were 900,000 more job openings than people who had looked for a job in the past 30 days. Again, a remarkable record.

Who is benefitting? Is it, as Democrats claim, only the rich who benefit from tax cuts and economic growth? No. People are benefitting across demographics regardless of race, sex or level of education. Unemployment rates are at or near record lows for African- Americans, Hispanics, Asians, women and people without high school diplomas.

The BLS announced Wednesday that the wages and salaries of American workers in the third quarter of this year were 3.1 percent higher than during the same period one year ago – the biggest increase in 10 years.

During the Obama era, wage increases never reached 3 percent in a 12-month period. One of the problems was too many people working part-time in the Obama years.

In the Trump years, the number of people working part-time because they are unable to find full-time jobs has dropped by 1.2 million, while the number of people working full-time has increased by 4.3 million. On top of the wage increases, benefits increased 2.6 percent. Perhaps more importantly, thanks to the Republican tax cuts, workers take-home pay has increased even more significantly at about 5 percent.

Consequently, workers are making more money and taking home a larger percentage of what they earn. It should come as no surprise that the Conference Board recently reported that its consumer confidence index had climbed from 135.3 in September to 137.9 in October. Both readings are the highest in 18 years.

Trump's Economy Is Creating Factory Jobs 10 Times Faster Than Obama's | Investor's Business Daily


Clearly, Trump is doing a much better job of growing this economy and creating good paying jobs than Obama did. Why anyone would want to go back to the failed economic policies and social engineering priorities of the Left is beyond me. Now if you can come at me with ways to improve income inequality and do a better job of protecting the environment, then I'm all ears. No doubt the Right can do a better job than they've been doing, but there's no way we can live with the socialist ideas of free health care, free college, a basic universal income for everybody, and free every other freaking thing they can think of is just ridiculous. The only way you can even come close to that is if you raise taxes on EVERYBODY to over 50%. And I don't think that's going to happen, if the Dems try that I think it'll be the end of them as a viable political party.

I think I just found a new best friend...

Are Trumps UE numbers just as fake as Obama’s or is there a difference? What stats show the difference if any?

There is a difference, as stated in my earlier post. Trump considers Obama's UE rate numbers to be fake because his UE rate dropped more from counting fewer people as unemployed rather than more people getting good full time jobs. Trump's numbers on the other hand are not fake because more people are coming back into the work force than under Obama, and the jobs offered are not part-time or low wage jobs but higher paying ones. Which is a reason why the wage growth is the best it's been in the last 10 years.

 

[Kevin_Kennedy]

Why Republicans want to take credit for a bubble economy is beyond me. Will make it much easier for the Democrats to dunk on them when it inevitably bursts.

Created and inflated by Democrats. Republicans should be shining a spot light on it and running for cover. Glad to see someone else sees it.

Created by the Fed, and now Republicans are taking credit for a bubble. Not very smart.

 

[Slade3200]

When Trump talks about Obama's fake UE numbers, he's referring to the UE rate, which did drop under Obama. BUT:

There are two ways the unemployment rate can drop. By adding new jobs or by decreasing the amount of people in the labor force.

For much of Obama's term, those unemployment rate drops were due more to decreasing labor force than increasing jobs. Just look at the labor force participation rate for people in their prime working years 25-54. From Jan 2009 thru July 2014, the labor force participation rate drops 2.2% as people found other ways to get by as they gave up looking for work. That's millions of Americans moving back home with mom and dad, or getting on disability or welfare.

So of the 3% unemployment rate decline we saw during the 8 years of Obama, more than 2/3rds of that was due to people leaving the work force, not going back to work.

Now look at Trump. We've seen the labor force participation rate grow by 0.6% since he became President. That's more people entering the labor force after having given up, and despite that we've had the unemployment rate go down 0.9% He's doing the opposite of what Obama did. Remember that equation about labor force and unemployment rate. If the labor force had remained static, unemployment would have actually been down 1.5%.

Source: Bureau of Labor Statistics Data...

Now, about all those jobs Obama created; more people began working part-time and/or low-wage jobs while he was in office. Roughly 17% of workers were part-timers before the recession. That proportion shot up to an all-time high of 20.1% in 2010, before slowly retreating over Obama’s next six years in office, measuring 18.3% inhis last year.

Some workers elect for part-time status voluntarily—it’s been easier to do so in the age of Obamacare, after all, when health care is less tied to one’s job. The ranks of involuntary part-time employees, who want full-time work but can’t find it, rose from 8 million in 2008 to a high of 9.2 million in 2010, before falling to 6.6 million in 2015.

Over the full course of the Obama years, there’s been a net loss of about 300,000 manufacturing jobs. But in the 21 months since his inauguration, President Trump's deregulatory policies and historic tax cuts have led to a manufacturing resurgence, with 396,000 jobs added. In fact, the pace of manufacturing job growth over the past 21 months of President Trump's leadership is more than 10 times that of President Obama's last 21 months in office.

A significant part of America's manufacturing boom may also be attributable to a key change in the tax code signed into law in December 2017. The new law encouraged U.S. companies with corporate earnings sitting overseas avoiding high U.S. corporate taxes to bring that cash back to American shores. Some $300 billion out of what the Federal Reserve estimated is $1 trillion in multinational enterprises' profit was sent home in the first quarter of 2018.

In August, there were 7.1 million job openings – the highest number ever recorded – with only 6.2 million people unemployed. In other words, there were 900,000 more job openings than people who had looked for a job in the past 30 days. Again, a remarkable record.

Who is benefitting? Is it, as Democrats claim, only the rich who benefit from tax cuts and economic growth? No. People are benefitting across demographics regardless of race, sex or level of education. Unemployment rates are at or near record lows for African- Americans, Hispanics, Asians, women and people without high school diplomas.

The BLS announced Wednesday that the wages and salaries of American workers in the third quarter of this year were 3.1 percent higher than during the same period one year ago – the biggest increase in 10 years.

During the Obama era, wage increases never reached 3 percent in a 12-month period. One of the problems was too many people working part-time in the Obama years.

In the Trump years, the number of people working part-time because they are unable to find full-time jobs has dropped by 1.2 million, while the number of people working full-time has increased by 4.3 million. On top of the wage increases, benefits increased 2.6 percent. Perhaps more importantly, thanks to the Republican tax cuts, workers take-home pay has increased even more significantly at about 5 percent.

Consequently, workers are making more money and taking home a larger percentage of what they earn. It should come as no surprise that the Conference Board recently reported that its consumer confidence index had climbed from 135.3 in September to 137.9 in October. Both readings are the highest in 18 years.

Trump's Economy Is Creating Factory Jobs 10 Times Faster Than Obama's | Investor's Business Daily


Clearly, Trump is doing a much better job of growing this economy and creating good paying jobs than Obama did. Why anyone would want to go back to the failed economic policies and social engineering priorities of the Left is beyond me. Now if you can come at me with ways to improve income inequality and do a better job of protecting the environment, then I'm all ears. No doubt the Right can do a better job than they've been doing, but there's no way we can live with the socialist ideas of free health care, free college, a basic universal income for everybody, and free every other freaking thing they can think of is just ridiculous. The only way you can even come close to that is if you raise taxes on EVERYBODY to over 50%. And I don't think that's going to happen, if the Dems try that I think it'll be the end of them as a viable political party.

I think I just found a new best friend...

Are Trumps UE numbers just as fake as Obama’s or is there a difference? What stats show the difference if any?

There is a difference, as stated in my earlier post. Trump considers Obama's UE rate numbers to be fake because his UE rate dropped more from counting fewer people as unemployed rather than more people getting good full time jobs. Trump's numbers on the other hand are not fake because more people are coming back into the work force than under Obama, and the jobs offered are not part-time or low wage jobs but higher paying ones. Which is a reason why the wage growth is the best it's been in the last 10 years.

Can you show stats to back up that statement? I’ve only seen the opposite of what you just said when looking at labor statistics

 

[Dan Stubbs]

Everybody always says it's about the economy, stupid. If that is true then no person in their right mind could possibly vote for a Democrat. The economic growth over the past year and a half or so is entirely due to Trump's and the GOP's policies, only a fool thinks that Obama had anything to do with it or would like to go back to the way it was during his administration.

I don't see conservatives yelling and screaming at people with opposing views, you saw the Kavanaugh debacle play out on TV. I can't vote for a party that condones that. I don't remember any GOPers calling for public harassment and intimidation against Democrats, like Mad Maxine and others have done. How many Dems have been asked to leave an establishment due to their politics? When did anyone on the Repub side say we won't be civil to the Dems unless we win, like Hillary did? That's kinda close to blackmail, a threat to the electorate to vote for us or else. I can't vote for a party that condones any of that.

Do you ever get the feeling that the Democratic Party doesn't like you if you're not one of them? They seem to care more for open borders and sanctuary cities and states, instead of our own US citizens. They believe that any law or regulation that they don't like can be ignored; I can't vote for a party that condones that.

I am hoping that the Democrats lose big again this time like they did in 2010, 2014, and 2016. Maybe they will change their leadership and their tactics. Otherwise the political climate won't change, and probably worsen. Trump vs a Democrat House, won't that be fun. It'll be total political warfare, with a gov't shutdown very likely.

I will put up with many things, but I will never vote Commie progressive, Democrat party ever again.

 

[task0778]

Why Republicans want to take credit for a bubble economy is beyond me. Will make it much easier for the Democrats to dunk on them when it inevitably bursts.

Created and inflated by Democrats. Republicans should be shining a spot light on it and running for cover. Glad to see someone else sees it.

Created by the Fed, and now Republicans are taking credit for a bubble. Not very smart.

What bubble? Are you referring to a debt bubble, the one that Obama created when he almost doubled the national debt from approx $10 Tril to nearly $20 Tril? The deficit for FY 2018 was $782 billion, up about $116 bil from last year. Interestingly, revenue was up about $13 bil, but spending was up $129 bil. From the CBO September 2018 Monthly Review:

Fiscal Year Totals
Billions of Dollars
Actual, FY 2017 Preliminary, FY 2018 Estimated Change
Receipts 3,315 3,328 13
Outlays 3,981 4,110 129
Deficit (−) −666 −782 −116

Sources: Congressional Budget Office; Department of the Treasury. Based on the Monthly Treasury
Statement for August 2018 and the Daily Treasury Statements for September 2018

So, it looks more like a spending problem to me.

 

[Kevin_Kennedy]

Why Republicans want to take credit for a bubble economy is beyond me. Will make it much easier for the Democrats to dunk on them when it inevitably bursts.

Created and inflated by Democrats. Republicans should be shining a spot light on it and running for cover. Glad to see someone else sees it.

Created by the Fed, and now Republicans are taking credit for a bubble. Not very smart.

What bubble? Are you referring to a debt bubble, the one that Obama created when he almost doubled the national debt from approx $10 Tril to nearly $20 Tril? The deficit for FY 2018 was $782 billion, up about $116 bil from last year. Interestingly, revenue was up about $13 bil, but spending was up $129 bil. From the CBO September 2018 Monthly Review:

Fiscal Year Totals
Billions of Dollars
Actual, FY 2017 Preliminary, FY 2018 Estimated Change
Receipts 3,315 3,328 13
Outlays 3,981 4,110 129
Deficit (−) −666 −782 −116

Sources: Congressional Budget Office; Department of the Treasury. Based on the Monthly Treasury
Statement for August 2018 and the Daily Treasury Statements for September 2018

So, it looks more like a spending problem to me.

The bubble currently blowing up our economy.

 

[task0778]

Why Republicans want to take credit for a bubble economy is beyond me. Will make it much easier for the Democrats to dunk on them when it inevitably bursts.

Created and inflated by Democrats. Republicans should be shining a spot light on it and running for cover. Glad to see someone else sees it.

Created by the Fed, and now Republicans are taking credit for a bubble. Not very smart.

What bubble? Are you referring to a debt bubble, the one that Obama created when he almost doubled the national debt from approx $10 Tril to nearly $20 Tril? The deficit for FY 2018 was $782 billion, up about $116 bil from last year. Interestingly, revenue was up about $13 bil, but spending was up $129 bil. From the CBO September 2018 Monthly Review:

Fiscal Year Totals
Billions of Dollars
Actual, FY 2017 Preliminary, FY 2018 Estimated Change
Receipts 3,315 3,328 13
Outlays 3,981 4,110 129
Deficit (−) −666 −782 −116

Sources: Congressional Budget Office; Department of the Treasury. Based on the Monthly Treasury
Statement for August 2018 and the Daily Treasury Statements for September 2018

So, it looks more like a spending problem to me.

The bubble currently blowing up our economy.

Is that the extent of your knowledge on the subject, or are you intentionally being obtuse? Spell it out or STFU.

 

[Dirk the Daring]

When Trump talks about Obama's fake UE numbers, he's referring to the UE rate, which did drop under Obama. BUT:

There are two ways the unemployment rate can drop. By adding new jobs or by decreasing the amount of people in the labor force.

For much of Obama's term, those unemployment rate drops were due more to decreasing labor force than increasing jobs. Just look at the labor force participation rate for people in their prime working years 25-54. From Jan 2009 thru July 2014, the labor force participation rate drops 2.2% as people found other ways to get by as they gave up looking for work. That's millions of Americans moving back home with mom and dad, or getting on disability or welfare.

So of the 3% unemployment rate decline we saw during the 8 years of Obama, more than 2/3rds of that was due to people leaving the work force, not going back to work.

Now look at Trump. We've seen the labor force participation rate grow by 0.6% since he became President. That's more people entering the labor force after having given up, and despite that we've had the unemployment rate go down 0.9% He's doing the opposite of what Obama did. Remember that equation about labor force and unemployment rate. If the labor force had remained static, unemployment would have actually been down 1.5%.

Source: Bureau of Labor Statistics Data...

Now, about all those jobs Obama created; more people began working part-time and/or low-wage jobs while he was in office. Roughly 17% of workers were part-timers before the recession. That proportion shot up to an all-time high of 20.1% in 2010, before slowly retreating over Obama’s next six years in office, measuring 18.3% inhis last year.

Some workers elect for part-time status voluntarily—it’s been easier to do so in the age of Obamacare, after all, when health care is less tied to one’s job. The ranks of involuntary part-time employees, who want full-time work but can’t find it, rose from 8 million in 2008 to a high of 9.2 million in 2010, before falling to 6.6 million in 2015.

Over the full course of the Obama years, there’s been a net loss of about 300,000 manufacturing jobs. But in the 21 months since his inauguration, President Trump's deregulatory policies and historic tax cuts have led to a manufacturing resurgence, with 396,000 jobs added. In fact, the pace of manufacturing job growth over the past 21 months of President Trump's leadership is more than 10 times that of President Obama's last 21 months in office.

A significant part of America's manufacturing boom may also be attributable to a key change in the tax code signed into law in December 2017. The new law encouraged U.S. companies with corporate earnings sitting overseas avoiding high U.S. corporate taxes to bring that cash back to American shores. Some $300 billion out of what the Federal Reserve estimated is $1 trillion in multinational enterprises' profit was sent home in the first quarter of 2018.

In August, there were 7.1 million job openings – the highest number ever recorded – with only 6.2 million people unemployed. In other words, there were 900,000 more job openings than people who had looked for a job in the past 30 days. Again, a remarkable record.

Who is benefitting? Is it, as Democrats claim, only the rich who benefit from tax cuts and economic growth? No. People are benefitting across demographics regardless of race, sex or level of education. Unemployment rates are at or near record lows for African- Americans, Hispanics, Asians, women and people without high school diplomas.

The BLS announced Wednesday that the wages and salaries of American workers in the third quarter of this year were 3.1 percent higher than during the same period one year ago – the biggest increase in 10 years.

During the Obama era, wage increases never reached 3 percent in a 12-month period. One of the problems was too many people working part-time in the Obama years.

In the Trump years, the number of people working part-time because they are unable to find full-time jobs has dropped by 1.2 million, while the number of people working full-time has increased by 4.3 million. On top of the wage increases, benefits increased 2.6 percent. Perhaps more importantly, thanks to the Republican tax cuts, workers take-home pay has increased even more significantly at about 5 percent.

Consequently, workers are making more money and taking home a larger percentage of what they earn. It should come as no surprise that the Conference Board recently reported that its consumer confidence index had climbed from 135.3 in September to 137.9 in October. Both readings are the highest in 18 years.

Trump's Economy Is Creating Factory Jobs 10 Times Faster Than Obama's | Investor's Business Daily


Clearly, Trump is doing a much better job of growing this economy and creating good paying jobs than Obama did. Why anyone would want to go back to the failed economic policies and social engineering priorities of the Left is beyond me. Now if you can come at me with ways to improve income inequality and do a better job of protecting the environment, then I'm all ears. No doubt the Right can do a better job than they've been doing, but there's no way we can live with the socialist ideas of free health care, free college, a basic universal income for everybody, and free every other freaking thing they can think of is just ridiculous. The only way you can even come close to that is if you raise taxes on EVERYBODY to over 50%. And I don't think that's going to happen, if the Dems try that I think it'll be the end of them as a viable political party.

I think I just found a new best friend...

Are Trumps UE numbers just as fake as Obama’s or is there a difference? What stats show the difference if any?

There is a difference, as stated in my earlier post. Trump considers Obama's UE rate numbers to be fake because his UE rate dropped more from counting fewer people as unemployed rather than more people getting good full time jobs. Trump's numbers on the other hand are not fake because more people are coming back into the work force than under Obama, and the jobs offered are not part-time or low wage jobs but higher paying ones. Which is a reason why the wage growth is the best it's been in the last 10 years.

Can you show stats to back up that statement? I’ve only seen the opposite of what you just said when looking at labor statistics

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time​

Fast forward 6 years, when a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

​

Furthermore, Obama literally changed the definition of 'full-time employment' to only 30 hours per week;
26 U.S. Code § 4980H - Shared responsibility for employers regarding health coverage