The Nation's Financial Condition

[Bandito]

Unemployment rate is the lowest since 1969. Thank you President Trump for rolling back of Obama's failed economy policies to help Make America Great Again!

https://www.cnbc.com/2018/10/05/us-nonf ... -2018.html

bandito, you do know that the unemployment rate is ONLY based on people actually filing for benefits, right? And those benefits are short lived? Most useless government stat. Guess that comment is redundant ..

I know what the definition of unemployment is. I am posting it is at its lowest since 1969. What don't you get?

you asking me a question, yet have failed to answer ANY of mine? heck moron (man, swearing if phun, I feel so tough )

I answered your question. I know what the unemployment rate is. Only an idiot like yourself would complain about a 3.7% unemployment rate. Ready to get your panties in a wad? Read this quote from Senator Thune from the great State of South Dakota:

"Our economy keeps getting better. As a result of the positive reforms the Republican-led Congress implemented to grow our economy, more Americans are getting back to work. Unemployment is at its lowest rate since 1969. More than 1.8 million jobs have been created since the passage of historic tax reform. Wages are increasing, consumer sentiment is at a 17 year high, and investments from overseas are returning to the US. Republicans promised to improve the lives of Americans through economic growth, and today's job report is more proof that we are delivering on those promises. Our pro-growth pro-jobs agenda is working."

Again, I deal with facts, not emotions. Can't argue with facts

[HooDat]

Lots of interesting stuff here:

Unemployment is a poltician's metric - I busted Obama's chops for quoting it all the time, because at the time it was being helped by folks having given up so completely that they dropped out of the denominator (those actively seeking employment). In defense of the current economy (which Obama obviously set the groundwork for, but (imho) was finally freed by business's perception that regulatory risk was reduced): the workforce participation rate is up and unemployment is down - the combination should have middle America feeling better about their finances. Heading into 2016, while unemployment was down, under-employment was way up and workforce participation had not picked up yet - which created serious headwinds for Clinton. Heading into November this should play well for the GOP.

pretends like the super predator Clintons invested in wall street exchanged prisons.

Blackwater has happily remarried. Over the past two weeks, the Administration has awarded nearly a quarter billion dollars in new US government contracts to Blackwater to work for the State Department and CIA in Afghanistan and other hot zones globally.

I have no words to describe how completely terrifying these things are to me. A privatized prison and mercenary force that is ultimately accountable to profits... How could that go wrong?.... bang

bootys

[ChairmanOfTheBoard]

Unemployment is a poltician's metric - I busted Obama's chops for quoting it all the time, because at the time it was being helped by folks having given up so completely that they dropped out of the denominator (those actively seeking employment). In defense of the current economy (which Obama obviously set the groundwork for, but (imho) was finally freed by business's perception that regulatory risk was reduced): the workforce participation rate is up and unemployment is down -

yes, yes, yes, and yes

spot on

[holmes435]

Unemployment rates don't matter if the employed can't afford basic necessities like health care, rent or even food. Even when working two jobs while trying to support a family. We're heading back to the "company store" days, especially if regulations continue to be rolled back across the board.

We're also still seeing minimum wage service jobs added, not manufacturing jobs like Trump promised (Obama didn't do much better) - those jobs aren't coming back, and they won't exist in any form like they did in the 50's and 60's.

We have to make some kind of change in our approach to income inequality or we are headed for disaster and/or massive unrest. Tax cuts and incentives for larger companies are only making things worse.

[runrussellrun]

You're spot on with wages. Seriously, you are. What you and your pretends just completely miss are the stories like the one I believe you posted (26 diabetic dying b/c he was rationing his insulin. $35k a year job meant he had to pay essentially 1/3 of his income on insulin ) Eli Lilly got way richer after ACA was enacted. Co-inky dense?

Why aren't manufacturing jobs coming back? Where are all the illegals going to work?

-High speed magneeto trains, especially for NE corridor
-Nuke power plant construction
-Electronics built in USA, or built overseas with US standards like EPA, EEOC, etc. (big tariffs if not in compliance ) Pollution on the other side of the earth is just a ok with pretends.
-ALL green energy equipment HAS to be built in the USA. It is the nations top threat, is it not? (climate & gravity ) Worse than ISIS? It's a matter of national security.
-Southern california BANS all auto and requires US built mopeds/scooter to be the ONLY form of transportation. (climate denial, b/c the earth is only 150 years old )

Why loan kids money for college, they will have zero jobs. Guess they could be social media builders, b/c fecesbook is a proven advertising platform. (no, its a lie )

[Bandito]

Unemployment rates don't matter if the employed can't afford basic necessities like health care, rent or even food. Even when working two jobs while trying to support a family. We're heading back to the "company store" days, especially if regulations continue to be rolled back across the board.

We're also still seeing minimum wage service jobs added, not manufacturing jobs like Trump promised (Obama didn't do much better) - those jobs aren't coming back, and they won't exist in any form like they did in the 50's and 60's.

We have to make some kind of change in our approach to income inequality or we are headed for disaster and/or massive unrest. Tax cuts and incentives for larger companies are only making things worse.

In 8 years, Obama had a net loss of 303,000 manufacturing jobs
In less than 2 years, Trump has created 378,000 manufacturing jobs.

That is HUGE progress. The American people know this and will vote accordingly. Keep burying your head in the sand

[holmes435]

Manufacturing jobs are still a much lower percentage of the workforce than they were decades ago, peaking right before Reagan took office.

Your "net" number includes the recession (not caused by Obama), and we saw a steady increase in manufacturing jobs since the recession. We haven't even gotten back to pre-recession numbers though.

Here are the manufacturing jobs in the US. See if you can see much difference between Obama or Trump.

[Typical Lax Dad]

President Obama killed business in this country. Good thing President Trump was elected just in the nick of time. Things were falling off of a cliff!

[HooDat]

those jobs aren't coming back, and they won't exist in any form like they did in the 50's and 60's.

...not unless we blow up half the industrial assets of the world and kill off a significant percentage of those entering the workforce.....



not real sure it is worth it....

[foreverlax]

those jobs aren't coming back, and they won't exist in any form like they did in the 50's and 60's.

...not unless we blow up half the industrial assets of the world and kill off a significant percentage of those entering the workforce.....



not real sure it is worth it....

US Steel is opening 7 new steel plants......I swear. Trump said so.!! headbang

[dislaxxic]

Trump’s New NAFTA Shows What He Really Cares About

"...as with most of Donald Trump’s trade proclamations, the president’s threats and boasts on NAFTA have obscured a policy agenda that generally reproduces the outrages overseen by the last four presidents. It’s an agreement with Mexico and Canada that has generous protections for Republican-aligned industries, including Big Pharma and fossil fuel polluters; no meaningful environmental protections; weak consumer safeguards; and no mechanism to enforce the moderately improved labor standards contemplated by the deal.

The global trading order built over the past generation has been a comprehensive effort to emancipate global corporations from the laws and regulations devised by the world’s democracies to protect citizens from corporate abuse. The new NAFTA offers clues on how to change that balance of power but does nothing to alter it, as evidenced by the enthusiasm shown for Trump’s new deal by top corporate lobbyists."

[snip]

"...for the most part, Trump’s NAFTA looks a lot like the old NAFTA, only more so. From Bill Clinton to Barack Obama, American presidents have used trade policy to secure intellectual property rules that grant drug companies long-term monopolies, immunizing prices from the constraints of market competition. Despite tough talk from Trump about high drug prices, his NAFTA deal includes a bevy of new intellectual property rights that will put upward pressure on costs.

All of this is in keeping with Trump’s overall approach to trade, which has set higher corporate profits as its only serious objective. His tariffs on steel have proved to be a boon for steel industry magnates but are yet to translate into meaningful gains for actual steelworkers. He rages against China but reserves his most forceful criticism not for labor rights but for intellectual property. Even NAFTA detractors wonder if the new auto sector labor improvements will do much for U.S. workers. Domestic car production has shifted dramatically over the past two decades from the Upper Midwest, where workers have long benefited from union protections, to Southern states with so-called right-to-work laws that undermine unions."

..

[runrussellrun]

And we mite actually be able to read the actual "new" NAFTA agreement language via a link?

Umm....that would be a no. HuffPost would rather you just take there word four it.

This mite help the lazy pukes in the MSM. disslax, you mite actually learn something by reading this

https://ustr.gov/trade-agreements/free- ... tes-mexico#

Meanwhile, none of our pretends have produced ONE comment about tRump's Sept. 28th signing , hence continuation, of the hugely, biggest, I tell you it's great, spending bill in the history of the US government.

Not surprising. HuffPost, WSJ, Fox, breitbart, nytimes, washpost, slate, vox,....and even the good Mother Jones.........have NO mention of it. Nothing.

How does one get there hands on the Billions for opiod and other addiction treatments? Anyone know? SHould I contact my senators and congress person?

[runrussellrun]

Please prove that the new NAFTA agreement will be harmful to the environment, like the idiot HuffPost article claims. Unlike lazy journalism, I will help you with direct links to the actual text of the new NAFTA. We will wait patiently. ANd wait,.....and wait.

https://ustr.gov/sites/default/files/fi ... onment.pdf

[jhu72]

Ford has announced intention to layoff 24,000 worldwide. Already furloughed some workers in Missouri. Blames the Trump tariffs for a $1 billion loss.

[jhu72]

Latest Deficit News

[foreverlax]

Latest Deficit News

No clue how you can have the best economy in our nation's history and still rack up billions in deficits...it's an impossible feat....unless you give away income and spend more then you bring in.

[dislaxxic]

Let's try to keep from forgetting that...

DEMOCRATS want to TAX and spend.

REPUBLICS want to BORROW and spend.

Is one "spending once"? Is the other "spending twice"??

There IS a difference, no?

..

[jhu72]

Cross linked in Voting Rights.

[jhu72]

Latest Deficit News

No clue how you can have the best economy in our nation's history and still rack up billions in deficits...it's an impossible feat....unless you give away income and spend more then you bring in.

I would argue this is very very far from the best economy in out nation's history. The working class is still taking it in the neck. I assume your sarcasm font was on.

[holmes435]

Canada is seeing record low unemployment and the fastest wage growth in decades. And they're legalizing weed??? I don't know how that socialist hellhole continues to exist.

I'm sure their economic booms are all Trump's doing as well.