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originally posted by: fatkid
a reply to: hopenotfeariswhatweneed
No he is explaining to you what you sound like.
Why do you have “hopenot” in your name - you should of just went with feariswhatweneed, it would suit you better.
well there is this bastard who really really really wants one because orange man bad
ver the last few months, comedian Bill Maher has repeatedly rooted for an economic crash, seeing it as one sure method to defeat Donald Trump next year. “I feel like the bottom has to fall out at some point,” he said in June on his HBO show. “And by the way, I’m hoping for it. I think one [way] you get rid of Trump is a crashing economy.” “So please, bring on the recession,” Maher added. “Sorry if that hurts people, but it’s either root for a recession or you lose your democracy.”
oh so not a full on recession just enough so they can get back the rust belt but dont worry its just a thin slice of the economy they want to fail like some messed up version of Liebesträume
last week's surprisingly strong GDP report was probably a shocker to many Democrats. Many on the left have been counting on — or perhaps even sotto voce rooting for — a recession that would tank President Trump's re-election chances. Not another economy-shattering financial crisis, of course. The #Resistance doesn't want underwater mortgages or collapsing 401k balances anymore than anyone else. But maybe just enough of a dip to recapture the Rust Belt in 2020. No pain, no gain, America. And they had reasons! Okay, they might not know what an inverted yield curve is exactly. (It's when long-term interest rates are lower than short-term rates.) But when the infrequent occurrence happened in late March, they probably discovered it's often seen on Wall Street as a recession warning sign. Moreover, the Federal Reserve has been raising rates, historically a leading cause of recessions. Finally, the current lengthy economic expansion — a record 10-years-old if it lasts through July — has to peter out eventually, right? Maybe not. Expansions don't have automatic expiration dates. Australia hasn't suffered a recession since 1991. Sometimes the good times just keep rolling despite close calls from time to time. Indeed, the American economy might have just avoided a downturn when growth slowed sharply in the second half of last year. "The economy avoided a recession on the back of the mini-financial shock in the final quarter of 2018," according to a research note from RSM economist Joseph Brusuelas.
politicos take on it from a while back
Anxiety on the left reached new heights last week, with the government reporting that the nation’s economy had grown at an unexpectedly fast pace in the first quarter of the year. While Trump took credit for the surging economy, Democratic presidential contenders were immersing themselves in the Mueller report and debating whether incarcerated felons should be allowed to vote. By Thursday, prodded by former Vice President Joe Biden, they were revisiting the violence at a white supremacist rally in 2017 in Charlottesville, Virginia. In his own campaign announcement video, Biden did not explicitly mention jobs or the economy once. “We don’t really have a robust national message right now” on the economy, said Celinda Lake, a leading Democratic strategist and pollster. “We will tend to talk about things like paid leave and equal pay — and those things are all very popular policies. But they don’t add up to an economic message that is robust enough to win the presidency and beat Donald Trump, who talks about a very robust economic policy.”
All that could make Trump's path to another term much easier. So Democrats are trying to thread a tricky needle: telling voters that while the economy is doing well, it is doing disproportionately well for the rich. In other words: the current good economy should be benefiting all of you more. The economy is doing okay... so what to improve? There's evidence that the economy particularly bears on voters' choices. Yale economist Ray Fair has a relatively well-known model for predicting the popular vote based on economic indicators. His latest prediction, as of April: that the Democratic nominee will get 45 percent of the popular vote. All of which is to say that if the economy is still doing well next year, Democrats may have to figure out how to tell people how things could be even better.
largest wage growth in history
Wages in the United States increased 5.20 percent in July of 2019 over the same month in the previous year. Wage Growth in the United States averaged 6.21 percent from 1960 until 2019, reaching an all time high of 13.78 percent in January of 1979 and a record low of -5.88 percent in March of 2009.