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It's the economy, stupid...

Raoul_Luke

Raoul_Luke

"Wait, it's all Marxism?" "Always has been."
October Surprise: U.S. Added More Than 1,000 Manufacturing Jobs a Day, Best Since 1998

https://www.breitbart.com/economy/2...000-manufacturing-jobs-a-day-best-since-1998/

156,562,000: Record Employment for 12th Time Under Trump

https://www.cnsnews.com/news/article/susan-jones/156562000-record-employment-12th-time-under-trump

Wages Rise at Fastest Rate in Nearly a Decade as Hiring Jumps

https://www.wsj.com/articles/wages-...-decade-as-hiring-jumps-in-october-1541161920

The facts are clear - the recovery has arrived (finally) and was NOT "started" by Obama, but rather delayed by his (anti-capitalist) agenda. Anyone who thinks these employment & wage stats could not have been achieved a decade ago, if only Obama hadn't decided that the economy needed "fixing," is a complete economic moron. Anyone who votes for Democrats at this point is clearly anti-capitalist, and seeking to return to the slack economic conditions under the Obama agenda (you know, despite those unprecedented levels of fiscal and monetary "stimulus"). That the economy is producing this kind of prosperity while the Fed is reversing its expansionary stance:

https://wolfstreet.com/2018/10/04/feds-balance-sheet-normalization-reaches-285-billion/

Is remarkable. Yes, the government is still pouring on the fiscal "stimulus" - but the fact that the Fed is unwinding its trillions in monetary accommodations (it had to use to keep the Obama Depression at bay) makes that necessary. Otherwise we'd be right back in the Obama Depression. Once the Fed's balance sheet (and interest rates) are normalized, THEN we can start working on the deficit/debt problem. Right now it's the only thing between us and a protracted economic decline. Just think about if we had done what Trump has done back in 2009, rather than increasing taxes and regulations - NO DEPRESSION! And the debt would be declining now, rather than expanding, thanks to trillions more in tax revenues from a much larger economy.
 
Raoul_Luke said:
The facts are clear - the recovery has arrived (finally) and was NOT "started" by Obama, but rather delayed by his (anti-capitalist) agenda. Anyone who thinks these employment & wage st
Click to expand...
So why did Republican policy makers embrace austerity measures during Obama's final six years, before turning on the spending spigots when one of their own party became POTUS?

https://www.epi.org/publication/why-is-recovery-taking-so-long-and-who-is-to-blame/
  • "Given the degree of damage inflicted by the Great Recession and the restricted ability of monetary policy to aid recovery, historically expansionary fiscal policy was required to return the U.S. economy to full health.
  • "But this government spending not only failed to rise fast enough to spur a rapid recovery, it outright contracted, and this policy choice fully explains why the economy is only partially recovered from the Great Recession a full seven years after its official end."
Perhaps the current "Trump Mid-Term Bubble" is just another example of how economic elites use private wealth to influence public policy?
socialism_for_rich_monopoly.jpg

https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp
 
Constitutional Sheepdog said:
Construction and manufacturing numbers are what dictates a healthy economy something non-working leftist can't comprehend.
Click to expand...
Construction and manufacturing are secondary to services today, and all facets of the productive economy are being strangled by the FIRE sector (finance, insurance, real estate)
fire-economy.jpg

https://macromon.wordpress.com/2011/02/03/americas-fire-economy/

"Abstract: Conflation of real capital with finance capital is at the heart of current misunderstandings of economic crisis and recession.

"We ground this distinction in the classical analysis of rent and the difference between productive and unproductive credit.

"We then apply it to current conditions, in which household credit — especially mortgage credit — is the premier form of unproductive credit.

"This is supported by an institutional analysis of postwar U.S. development and a review of quantitative empirical research across many countries. Finally, we discuss contemporary consequences of the financial sector’s malformation and overdevelopment."

https://michael-hudson.com/2016/08/finance-is-not-the-economy/
 
georgephillip said:
Construction and manufacturing are secondary to services today, and all facets of the productive economy are being strangled by the FIRE sector (finance, insurance, real estate)
fire-economy.jpg

https://macromon.wordpress.com/2011/02/03/americas-fire-economy/

"Abstract: Conflation of real capital with finance capital is at the heart of current misunderstandings of economic crisis and recession.

"We ground this distinction in the classical analysis of rent and the difference between productive and unproductive credit.

"We then apply it to current conditions, in which household credit — especially mortgage credit — is the premier form of unproductive credit.

"This is supported by an institutional analysis of postwar U.S. development and a review of quantitative empirical research across many countries. Finally, we discuss contemporary consequences of the financial sector’s malformation and overdevelopment."

https://michael-hudson.com/2016/08/finance-is-not-the-economy/
Click to expand...
Services do not produce the products needed for service jobs to operate. You need to construction jobs to build and maintain the facilities of manufacturing jobs, in order that manufacturers can make the products necessary for the service industry to provide the services that are needed in the service industry.
Is this your first attempt at making an argument about how the economy works?
 
georgephillip said:
So why did Republican policy makers embrace austerity measures during Obama's final six years, before turning on the spending spigots when one of their own party became POTUS?

https://www.epi.org/publication/why-is-recovery-taking-so-long-and-who-is-to-blame/
  • "Given the degree of damage inflicted by the Great Recession and the restricted ability of monetary policy to aid recovery, historically expansionary fiscal policy was required to return the U.S. economy to full health.
  • "But this government spending not only failed to rise fast enough to spur a rapid recovery, it outright contracted, and this policy choice fully explains why the economy is only partially recovered from the Great Recession a full seven years after its official end."
Perhaps the current "Trump Mid-Term Bubble" is just another example of how economic elites use private wealth to influence public policy?
socialism_for_rich_monopoly.jpg

https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp
Click to expand...

Because it was wasteful due to his oppression of free market forces? It was like flushing the toilet again and again when the ballcock is already stuck and never gets a chance to fill up.
 
georgephillip said:
So why did Republican policy makers embrace austerity measures during Obama's final six years, before turning on the spending spigots when one of their own party became POTUS?

https://www.epi.org/publication/why-is-recovery-taking-so-long-and-who-is-to-blame/
  • "Given the degree of damage inflicted by the Great Recession and the restricted ability of monetary policy to aid recovery, historically expansionary fiscal policy was required to return the U.S. economy to full health.
  • "But this government spending not only failed to rise fast enough to spur a rapid recovery, it outright contracted, and this policy choice fully explains why the economy is only partially recovered from the Great Recession a full seven years after its official end."
Perhaps the current "Trump Mid-Term Bubble" is just another example of how economic elites use private wealth to influence public policy?
socialism_for_rich_monopoly.jpg

https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp
Click to expand...
well, someone had to take the lead on rebuilding the military after the job obie did to it
 
YouCantHandleDaTruth said:
Fake numbers like benedBen Donald said in 16
Click to expand...

So prove numbers are fake or STFU___________________GO

You lied your ass off in julies Kansas thread and posted polls were moved "30 miles" when FACT is polls where moved 3.7 miles making anything and everything YOU post lies, pure unadulterated LIES.

eat mo peaches
 
Dawg said:
So prove numbers are fake or STFU___________________GO

You lied your ass off in julies Kansas thread and posted polls were moved "30 miles" when FACT is polls where moved 3.7 miles making anything and everything YOU post lies, pure unadulterated LIES.

eat mo peaches
Click to expand...

Benedict Donald didn't have to prove they were fake you just ate what he said is true
 
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