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originally posted by: toysforadults
a reply to: Edumakated
it's not expanding through genuine growth though most of the expansion has come in the form of debt, look at the numbers it's in the data
you work in real estate you probably see it more than some of us do, I work in construction I see nothing but debt purchases and business's going deeper into debt
originally posted by: CriticalStinker
a reply to: LSU2018
You said nobody's pay increased. I told you mine did. Amazon just raised their minimum wage to $15 an hour, they're not the only company to increase wages.
Then I explained they don't increase because purchasing power goes down.
As for Amazon, they also took away bonuses and stock options to achieve that, it was a stunt.
originally posted by: JIMC5499
originally posted by: CriticalStinker
But we will see if there is any "trickle down", or if corporations/stock holders just pocket it.
That's kind of a dumb statement.
I and anybody with a 401K is a shareholder and I also own stock.
originally posted by: JIMC5499
originally posted by: CriticalStinker
But we will see if there is any "trickle down", or if corporations/stock holders just pocket it.
That's kind of a dumb statement.
I and anybody with a 401K is a shareholder and I also own stock.
At a macro level, the economy is humming because businesses feel government is getting out of the way. It is a confidence booster.
originally posted by: CriticalStinker
a reply to: shawmanfromny
Even if Obama/Trump take credit, it's not really that great of a metric in context.
The numbers are so low because the middle class hasn't seen wage increases that match inflation.
Many people who should be retired are going back to work to make ends meet, and many people have two or more jobs.
The US has seen steady growth, and increase in productivity, yet the middle class is shrinking every year, surpassed by Canada for the first time a year or two ago.
originally posted by: OccamsRazor04
originally posted by: CriticalStinker
a reply to: shawmanfromny
Even if Obama/Trump take credit, it's not really that great of a metric in context.
The numbers are so low because the middle class hasn't seen wage increases that match inflation.
Many people who should be retired are going back to work to make ends meet, and many people have two or more jobs.
The US has seen steady growth, and increase in productivity, yet the middle class is shrinking every year, surpassed by Canada for the first time a year or two ago.
Hard to have wages increase when you keep bringing in illegals to depress wage growth.
originally posted by: Edumakated
Trump simply brought confidence back into the market and the economy is expanding as it should have all along.
Obama and his policies created and air of uncertainty which constrained investment. Businesses don't want to invest / expand when they aren't sure if government is going to put their boot on the neck of the business through higher taxes, regulations, ACA, etc. The constant regulations / bureaucracy makes it hard for businesses to invest for the long term and grow when all they can do is focus on compliance.
originally posted by: CriticalStinker
originally posted by: OccamsRazor04
originally posted by: CriticalStinker
a reply to: shawmanfromny
Even if Obama/Trump take credit, it's not really that great of a metric in context.
The numbers are so low because the middle class hasn't seen wage increases that match inflation.
Many people who should be retired are going back to work to make ends meet, and many people have two or more jobs.
The US has seen steady growth, and increase in productivity, yet the middle class is shrinking every year, surpassed by Canada for the first time a year or two ago.
Hard to have wages increase when you keep bringing in illegals to depress wage growth.
I'm in no way for illegal immigrantation.
But they are filling jobs we won't for the most part.
I'm talking about middle class, not entry level.
originally posted by: OccamsRazor04
a reply to: Subaeruginosa
Yawn. 50 year unemployment lows.
Just for fun, here is the video of Obama saying Trump couldn't bring in more jobs and that he would need a magic wand to do so.
originally posted by: CriticalStinker
originally posted by: notsure1
originally posted by: Tompdx3
a reply to: notsure1
Yeah, he is killing something alright. But it is nothing good however you wish to spin it in your head!
This is called "denial"
Or just the partisan circle jerk.
Trump supporters say the economy is great because of him. The left says this is all coming in from the end of Obama's reign.
Aside from the stock market, the economy isn't that great. Considering nothing fixed what happened in 08', it surely could happen again, and many say it may be worse.
If you look at average Americans, their pay isn't increasing, and debt continues to mount on them and the country.
originally posted by: Wardaddy454
originally posted by: CriticalStinker
originally posted by: notsure1
originally posted by: Tompdx3
a reply to: notsure1
Yeah, he is killing something alright. But it is nothing good however you wish to spin it in your head!
This is called "denial"
Or just the partisan circle jerk.
Trump supporters say the economy is great because of him. The left says this is all coming in from the end of Obama's reign.
Aside from the stock market, the economy isn't that great. Considering nothing fixed what happened in 08', it surely could happen again, and many say it may be worse.
If you look at average Americans, their pay isn't increasing, and debt continues to mount on them and the country.
What happened in 08' was a lack of oversight and regulation, resulting in a party buying votes with mortgages.
originally posted by: OccamsRazor04
a reply to: pexx421
He's killing unemployment.