[Hindsite]

The stock market is booming because the wealthy added 1 trillion dollars to their net worth and they park that money in the market. The working class however has not seen any of that money.

All you have to do is look around at the lines for food hand outs and at the tent cities of the homeless and at the number of people who have "side gigs", to see that America's standard of living is in steep decline.

You must live in Democrat controlled areas to see all those needy people. That must make you happy, because you have more needy to give to.
Praise the Lord.

[jimjam]

The net worth of U.S. households and non-profit organizations was $94.7 trillion in the first quarter of 2017, a record level both in nominal terms and purchasing power parity. If divided equally among 124 million U.S. households, this would be $760,000 per family; however, the bottom 50% of families, representing 62 million American households, average $11,000 net worth. The gap between the top 10% and the middle class is over 1,000%; that increases another 1,000% for the top 1%. The average employee "needs to work more than a month to earn what the CEO earns in one hour."

[Hindsite]

The net worth of U.S. households and non-profit organizations was $94.7 trillion in the first quarter of 2017, a record level both in nominal terms and purchasing power parity. If divided equally among 124 million U.S. households, this would be $760,000 per family; however, the bottom 50% of families, representing 62 million American households, average $11,000 net worth. The gap between the top 10% and the middle class is over 1,000%; that increases another 1,000% for the top 1%. The average employee "needs to work more than a month to earn what the CEO earns in one hour."

This is just another liberal Democrat talking point that doesn't amount to a hill of beans.

[jimjam]

This is just another liberal Democrat talking point that doesn't amount to a hill of beans.

Is that the best you can do ……… ? Sad!

Hey H.S. I wish you and yours a new year of good health and peacefulness …….

[jimjam]

Here in the United States, Republicans went through the entire Obama era claiming to be deeply concerned about budget deficits, forcing the country into years of spending cuts that slowed economic recovery. The moment Donald Trump moved into the White House, all those supposed concerns vanished, vindicating those of us who argued from the beginning that Republicans who posed as deficit hawks were phonies. the 2017 tax cut completely failed to deliver the promised surge in private investment: federal spending has been growing at a rate not seen since the early years of the past decade.

[Crantag]

The stock market boom is attributable to Trump. The big risk is the sugar high wears off and there's a crash to follow. The future is unpredictable though.

I don't have any stocks sadly. But a spade is a spade.

The stock market is often disalligned with workers' well being. That means the stock market can do well and the workers poorly. There is no reason the stock market doing well ought to benefit workers, and there are many contradictions which may actualize the opposite effect.

The stock market crashing though is generally very bad for workers, and most everyone. The workers are the economy to a large extent and financial speculation on their backs is an externalization of risk which workers bear.

[late]

Here in the United States, Republicans went through the entire Obama era claiming to be deeply concerned about budget deficits, forcing the country into years of spending cuts that slowed economic recovery. The moment Donald Trump moved into the White House, all those supposed concerns vanished, vindicating those of us who argued from the beginning that Republicans who posed as deficit hawks were phonies. the 2017 tax cut completely failed to deliver the promised surge in private investment: federal spending has been growing at a rate not seen since the early years of the past decade.

It's worse than you realise.

There is a NYT article today (which means I can't link to it directly) that the Trump guys let big business write what they wanted for the new tax code. Which is going to blow up the deficit faster than even my prediction.

But here is one of the authors of the article interviewed on MSNBC:
https://www.msnbc.com/the-last-word/watch/nyt-report-reveals-truth-about-trump-tax-cuts-75881029940

[Godstud]

People forget the stock market "correction" a year and a half ago. That actually hurt a lot of people.

[Hindsite]

Is that the best you can do ……… ? Sad!

Hey H.S. I wish you and yours a new year of good health and peacefulness …….

Thank you. I wish you and yours the same plus enough common sense to vote for President Trump in November.

[jimjam]

Health care costs are rising faster than wages, causing families to decide between delaying care or going into debt to afford treatment. Half of working-age adults say they or a close family member has put off or postponed medical care because they can’t afford it. And in 2018 alone, Americans borrowed $88 billion to pay for health care.

Trump promised to fix this broken system by taking on the drug and insurance companies, but he has done the opposite. His policies have increased health care premiums by 16% to date.

[jimjam]

Home prices have increased 60% while household income has risen only 30% during Impeached President Trump's reign.. As a result, average Americans are unable to afford a home in 70% of the country. Trump’s tax law has made owning a home even more expensive for middle-class families by greatly reducing the amount homeowners can deduct in property taxes. The Treasury Department estimates 11 million taxpayers lost $323 billion as a result, while corporations and billionaires received billions in tax breaks.

The cost of rent has also outpaced wage growth under the Trump administration, with rental costs rising 3.6% in 2018. Housing expenses for both renters and homeowners drain more than 30% of income — a common metric for home affordability — in more than 20% of metropolitan areas.

[jimjam]

While middle-class families struggle with debt and soaring interest rates, Trump’s tax law gave banks $29 billion in extra profits.
•DEBT: U.S. household debt hit a record $13.54 trillion in 2018 — nearly $1 trillion higher than the peak of the financial crisis. Of that total debt, student loans constitute a record $1.5 trillion, doubling since the recession. The average student loan balance was $35,359 in the first quarter of 2019 — a 26% increase since 2014 alone. And while young Americans face soaring student debt, Trump and Education Secretary Betsy DeVos would actually cut programs that seek to keep college affordable for many Americans.
•MISSED PAYMENTS: Under President Trump, interest rates reached their highest point in decades, and rising credit card and auto loan delinquencies caused economists at the New York Fed to warn, “The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market.” 1 in 6 Americans have a past-due medical bill on their credit report. And in February 2019, the Federal Reserve Bank of New York reported a record 7 million Americans were 90+ days behind on auto loan payments, a total even higher than at the height of the financial crisis.

[jimjam]

Lagging wages and difficulty paying for everyday needs mean that many American families can’t afford retirement or worry about if they’ll retire at all. Only 36% of people say their retirement savings are on track, and 23% say they never plan to retire, with many citing money as the cause.

But …… the good news is that the unemployment rate is low and 86 year old Americans can always get a low wage job pushing junk food across the counter at a "fast food" joint.

[Stormsmith]

It seems a tad odd when banks will lens the uber wealthy money at v low rates, but working class pay 5%. Banks give people less than 2% on savings but charge up to 29% on credit card loans. And those pay day loan joints smell of usery.

[jimjam]

Impeached President Trump's idea of a "Great America":



vs

[BigSteve]

Home prices have increased 60% while household income has risen only 30% during Impeached President Trump's reign.. As a result, average Americans are unable to afford a home in 70% of the country. Trump’s tax law has made owning a home even more expensive for middle-class families by greatly reducing the amount homeowners can deduct in property taxes. The Treasury Department estimates 11 million taxpayers lost $323 billion as a result, while corporations and billionaires received billions in tax breaks.

The cost of rent has also outpaced wage growth under the Trump administration, with rental costs rising 3.6% in 2018. Housing expenses for both renters and homeowners drain more than 30% of income — a common metric for home affordability — in more than 20% of metropolitan areas.

The problem with pretty much all of your arguments is that you whine about the costs for this rising and the costs for that rising, and then you place the blame on Trump for not creating an economy that keeps pace with those rising costs while giving no consideration, whatsoever, to why those other costs are rising.

Trump can't fix everything. Those who voted for him understand that. Those who didn't vote for him are too blinded by their hate-filled ignorance to understand it...

[late]

It seems a tad odd when banks will lens the uber wealthy money at v low rates, but working class pay 5%. Banks give people less than 2% on savings but charge up to 29% on credit card loans. And those pay day loan joints smell of usery.

It's usury.

Before the Republicans went crazy, that would never have been allowed.

"Successful countries do not let themselves become the playthings of the financial sector." Nobel economist Lester Thurow

[jimjam]

Impeached President Trump (the best president in history) is over in Davos with his standard bellowing and bullshitting act. Trump said the American dream was back, “bigger, better and stronger” than before, adding that the benefits of growth were going primarily to low-income workers rather than the better off. Trump added that 7m jobs had been created (American wages have been stagnant for 48 years) and 12,000 factories opened during his presidency( But this year, manufacturing has turned south and entered what Federal Reserve data show is a technical recession, or six-month slump. It seems unlikely to recover in the near future ). In the main hall in Davos, together with an overspill room there were some titters as he ran through a litany of boasts.

Many of the president’s claims were rejected by the Columbia University economics professor Joseph Stiglitz. “Research shows that Trump normally tells five or six lies a day. He far exceeded that today,” he said, noting that growth had been faster under President Barack Obama than it was currently under Trump, and that life expectancy had fallen every year of his presidency.

[Robert Urbanek]

Impeached President Trump (the best president in history) is over in Davos with his standard bellowing and bullshitting act. Trump said the American dream was back, “bigger, better and stronger” than before, adding that the benefits of growth were going primarily to low-income workers rather than the better off. Trump added that 7m jobs had been created (American wages have been stagnant for 48 years) and 12,000 factories opened during his presidency( But this year, manufacturing has turned south and entered what Federal Reserve data show is a technical recession, or six-month slump. It seems unlikely to recover in the near future ). In the main hall in Davos, together with an overspill room there were some titters as he ran through a litany of boasts.

Many of the president’s claims were rejected by the Columbia University economics professor Joseph Stiglitz. “Research shows that Trump normally tells five or six lies a day. He far exceeded that today,” he said, noting that growth had been faster under President Barack Obama than it was currently under Trump, and that life expectancy had fallen every year of his presidency.

After attending the Davos summit, Trump will meet with Davros to discuss his new impeachment strategy: Exterminate! Exterminate! Exterminate!

https://en.wikipedia.org/wiki/Davros

[Hindsite]

Impeached President Trump (the best president in history) is over in Davos with his standard bellowing and bullshitting act. Trump said the American dream was back, “bigger, better and stronger” than before, adding that the benefits of growth were going primarily to low-income workers rather than the better off. Trump added that 7m jobs had been created (American wages have been stagnant for 48 years) and 12,000 factories opened during his presidency( But this year, manufacturing has turned south and entered what Federal Reserve data show is a technical recession, or six-month slump. It seems unlikely to recover in the near future ). In the main hall in Davos, together with an overspill room there were some titters as he ran through a litany of boasts.

Many of the president’s claims were rejected by the Columbia University economics professor Joseph Stiglitz. “Research shows that Trump normally tells five or six lies a day. He far exceeded that today,” he said, noting that growth had been faster under President Barack Obama than it was currently under Trump, and that life expectancy had fallen every year of his presidency.

Trump economics is working for America and the rest of the world knows it. He just signed a new and better trade agreement with China after your so-called economists have said it was impossible and that he he would make things worse. He also got a new trade deal with Mexico and with Canada and with Japan. His next trade deal will probably be with the United Kingdom. That is what I call Trump's smart economics.
HalleluYah