Author Topic: 1/4/18: Good Economic News Day  (Read 353 times)

superman

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1/4/18: Good Economic News Day
« on: January 04, 2018, 07:32:14 PM »
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    Excellent economic news for Americans today, 1/4/18

    The Dow hit 25,000 today with a record close of 25,070 points. The Dow has risen 30% since the day after Donald Trump was elected President.

    ADP reported that private companies hired 250,000 people in the month of December. The estimate was for an increase of 190,000

    The U.S. Labor Department releases the January unemployment report tomorrow.

    President Trump today signed an order that will allow exploration of oil and gas in all U.S. waters going forward. This will increase U.S. energy output and create thousands of new jobs for Americans.

    The U.S. economy is ready for a boon cycle as the tax reform and job creation act passed last month takes effect.

    Blue Fish

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      • bwyatt.com
    Re: 1/4/18: Good Economic News Day
    « Reply #1 on: January 05, 2018, 11:09:21 AM »
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  • This is probably the single biggest news story of 2017 and no one gave it any real coverage in the media - FOX included.
    It's a happy enchilada... (John Prine)

    Solon

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    Re: 1/4/18: Good Economic News Day
    « Reply #2 on: January 05, 2018, 11:45:30 AM »
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  • The Obama Recovery continues to roll along. Hopefully Trump will be able to pick up the pace of job creation as he is not keeping up with Obama.

    On some great and glorious day, the plain folks of the land will reach their heartís desire at last, and the White House will be occupied by a downright fool and a complete narcissistic moron.
    ...H. L. Mencken

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #3 on: January 05, 2018, 07:52:22 PM »
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  • More good economic news for millions of Americans today the Dow Jones rose another 220 points to close at a record 25,295 points. The S&P and NASDAQ also closed at record highs today.

    On the labor front, 148,000 new jobs were created in December according to the government, unemployment remained at 4.1%.

    Unemployment among blacks hit a 45 year low at 6.8%. yet another campaign promise fulfilled by President Trump.

    For 2017, the federal government cut 17,000 jobs while 196,000 new manufacturing jobs were created.

    So who is profiting from all of the good economic news? If you have a 401K, an IRA, union pension funds, people who own stocks.

    The Trump/GOP economic recovery is underway and will only increase when the tax reform and job creation bill takes effect.

    Keep in mind that Obama never had even 1 quarter of at least 3% GDP growth during his 8 years in office. Obama's executive action legacy is piece by piece being dismantled by President Trump and the Republicans in Congress.

    The results of dismantling the Obama orders has unleashed the American economy. More to come.

    Solon

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    Re: 1/4/18: Good Economic News Day
    « Reply #4 on: January 05, 2018, 08:23:20 PM »
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  • Fortunately, Trump's ignorance, ineptitude and insanity have not impacted the economy. We are fortunate that we elected Barack Obama, a man of character, wisdom, intelligence and knowledge in the White House to lead us out of the Great Republican Recession. The recovery that his administration wrought has continued to the present. Let us hope this continues, because Donald Trump is incapable of dealing with a crisis.  People who work with him everyday have revealed that they agree with what most Americans knew before the election: Trump is mentally unfit, psychologically unstable, and intellectually unprepared to be president of the United States.
    On some great and glorious day, the plain folks of the land will reach their heartís desire at last, and the White House will be occupied by a downright fool and a complete narcissistic moron.
    ...H. L. Mencken

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #5 on: January 06, 2018, 11:19:51 AM »
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  • You keep drinking that kool Aid Solon. Talking about living in fantasy land.

    Flashback to the day prior to the presidential election in 2016. Solon and others of his liberal ilk predicted the stock market would crash if Trump was elected President.

    What happened? Instead, the market went up 700 points the day after Trump was elected President and has continued to climb at a historic rate.

    Obama era business and enviromental regulations have been killed by Trump and the republicans in Congress.

    The result?  Businesses have begun to flourish again. The just passed tax reform act will only enhance business growth in this country.

    Obamacare is on its last legs. This was another business killing law passed by democrats and Obama. With the individual mandate of Obamacare now killed the main funding of Obamacare is now gone and you can look for Obamacare to wither down to nothing.

    Would anyone in their right ever expect to see Obama and the Democrats ever pass a tax cut bill?  Of course not.

    Trump and Congressional Republicans have passed  many things conservatives in this country have been clamoring for. While we did not get Obamacare completely repealed, killing the individual mandate was better than what was in the Obamacare repeal and replace bill.

    We also have a conservative majority on the US Supreme Court and Trump has been stacking the federal courts with conservative judges.

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #6 on: January 06, 2018, 11:29:55 AM »
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  • So, for the so called conservative never Trumpers who have sat on the sidelines for years and theorized what America would be like if their conservative ideas were ever put into place they can now look and see what those theories actually are as Trump and the Republican Congress have been putting many of those theories  into place.

    Did I mention that U.S. oil companies can now explore for gas and oil in all waters off the U.S. coast as well as in ANWAR (Alaskan Wildlife Preserve).

    More good conservative things to come in 2018.

    Solon

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    Re: 1/4/18: Good Economic News Day
    « Reply #7 on: January 06, 2018, 12:40:10 PM »
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  • Only 148,000 jobs in the last quarter of 2017 is very disappointing. Super himself jumped the gun with a claim of 250,000 in the first post of this thread. The last quarter should include the big holiday push. As I pointed out the job growth in 2017 was not as robust as it was under most of Obama's presidency. Trump has done nothing for his working class supporters. His claims that trashing the environment will create more jobs is doubly idiotic. We could, and have, created more jobs in renewable energy that we have in coal by spades and would continue to accelerate that growth were it not for the retrograde policies of the this administration.

    The real focus should be on WAGE growth. In 2016 we finally reached the point that workers began to enjoy the fruits of a nearly-full employment economy. All indications are that this wage growth continued in 2017. If the foolish and counterproductive tax cut bill doesn't derail it, 2018 will hopefully continue the trend. We have a potential problem, however, that requires a look back.

    I can recall Super hyping the stock market rise in 2007 when the housing market was pushing it up very rapidly. He was singing the praise of George Bush's economic program as the best ever. My warning then was that steady growth was preferable and a dramatic rise often presaged a dramatic fall. How far and how disastrous a fall was beyond anyone's worst nightmare. So I caution our dedicated Republican that he best tread lightly. An overheated stock market could have a very bad result for the rest of the economy should it suddenly implode.

    Fortunately the world, not just the US, is experiencing a period of sustained economic prosperity. Brexit has slowed but not stopped the UK's progress, but Europe is enjoying its best period in many years. Even the BRICS which have been in the doldrums are recovering nicely. That includes Russia that has enjoyed some improvement despite the modest energy prices and the impact of sanctions. Asia is, of course, the economic engine of the world, and it continues to prosper. China's growth is robust if not at a peak.

    We are enjoying a rare economic moment in recent memory. Let us hope that the child in the White House doesn't do anything disastrously stupid to upend it, nor his rich friends let their greed undo the effort of far better men to repair the horrific damage they did to the world in the Great Republican Recession. 
    On some great and glorious day, the plain folks of the land will reach their heartís desire at last, and the White House will be occupied by a downright fool and a complete narcissistic moron.
    ...H. L. Mencken

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #8 on: January 06, 2018, 03:38:48 PM »
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  • Once again Solon is asleep at the wheel. The 148,000 job growth was for the month of December, not the entire quarter. In November the job growth was 225,000.

    Food stamp recipients are down 2 million in 2017. For all of 2017 there was a net gain of 1.844 million new jobs.

    Not bad for the first year. Trump appointed 12 new circuit court judges in 2017 the most for any President's first term since 1891.

    Obama has little legacy left since he did the majority of it via executive order and Trump and Congress have been dismantling those orders.

    Next up is the budget and DACA.

    If the Democrats believe in the DACA children so much they should be agreeable for DACA approval in exchange for building a security wall at the southern U.S. Mexico border.

    Entitlement reform is also on the 2018 agenda. I for one am not counting on Social Security being around when I retire unless reforms of some kind are made to it and Medicaid and Medicare.

    Trump may also get a 2nd SCOTUS pick in 2018 if Kennedy decides to retire. Much to look forward to.



    Solon

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    Re: 1/4/18: Good Economic News Day
    « Reply #9 on: January 06, 2018, 04:20:56 PM »
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  • Super thinks the economy turned on a dime when Trump took office. That's ridiculous. The Obama years brought us from the brink of another Great Depression to a solid recovery. The Trump presidency is enjoying the fruits of that. I don't see him hyping the Bush economy like he did in 2007 just before the catastrophe.

    Social Security, Medicare and the social safety net will be around as long as the American people demand it. The rich lowlifes like Trump would gladly steal your last dime. It's up to the voters to make sure Democrats are elected to make sure that doesn't happen.
    On some great and glorious day, the plain folks of the land will reach their heartís desire at last, and the White House will be occupied by a downright fool and a complete narcissistic moron.
    ...H. L. Mencken

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #10 on: January 06, 2018, 08:10:13 PM »
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  • Times are a changin. The Democrat Playbook of the last 50 years is obsolete.

    All the Democrats have to run on is hating Trump. No new ideas.
    Republicans and Trump are giving hard earned money back to the American worker.

    Good to see the DOJ investigating the Clinton Foundation/Slush Fund.

    Solon

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    Re: 1/4/18: Good Economic News Day
    « Reply #11 on: January 06, 2018, 10:18:52 PM »
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  • Republicans have sold out the nation to reward their donors with their deficit-busting tax cut give away. The next step is to rob the American people of their social safety net to recoup the defense money they gave away while increasing the debt. Protecting the good economic times that the prudence and wisdom of Democrats brought us after the Great Republican Recession will be frittered away by financial deregulation.  Only Democratic control of Congress can preserve the gains since 2008 and prevent the child in the White House and his enablers from cheating the American people yet again with their promotion of unprincipled risk-taking.
    « Last Edit: January 07, 2018, 03:25:39 AM by Solon »
    On some great and glorious day, the plain folks of the land will reach their heartís desire at last, and the White House will be occupied by a downright fool and a complete narcissistic moron.
    ...H. L. Mencken

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #12 on: January 07, 2018, 11:44:03 AM »
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  • Republicans have sold out the nation to reward their donors with their deficit-busting tax cut give away. The next step is to rob the American people of their social safety net to recoup the defense money they gave away while increasing the debt. Protecting the good economic times that the prudence and wisdom of Democrats brought us after the Great Republican Recession will be frittered away by financial deregulation.  Only Democratic control of Congress can preserve the gains since 2008 and prevent the child in the White House and his enablers from cheating the American people yet again with their promotion of unprincipled risk-taking.


    Massive liberal Kool Aid drinker.

    Common Sense

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    Re: 1/4/18: Good Economic News Day
    « Reply #13 on: January 07, 2018, 12:42:38 PM »
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  • At least Solon has some original thoughts and analysis. A puppet, he is not.

    Speaking of kool aid...you should do yourself a favor a lay off of that. Way too much sugar and processed trash to consume!
    "It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something." - POTUS #32

    superman

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    Re: 1/4/18: Good Economic News Day
    « Reply #14 on: January 07, 2018, 04:24:29 PM »
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  • At least Solon has some original thoughts and analysis. A puppet, he is not.

    Speaking of kool aid...you should do yourself a favor a lay off of that. Way too much sugar and processed trash to consume!

    You should join Solon and update your  obsolete Democrat Party Playbook The two of you keep reading from. the same old crap of the past  50 years. The times are leaving both of you behind.
    « Last Edit: January 07, 2018, 08:47:10 PM by superman »