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Originally Posted by Guest
In an interview today with CNBC, White House economic adviser Gary Cohn admitted that February’s strong jobs growth is actually not attributable to new President Donald Trump.
Cohn pointed out that all of the promises of adding more American jobs that Trump has been obtaining from various corporations haven’t happened yet. The promises have been extracted, but the workers haven’t been hired.
When Trump’s own staffers admit that Obama’s economic policies worked and Americans across the country reaped the benefits, you know that his success is undeniable.
While Obama inherited the worst recession in American history since the Great Depression, Trump has inherited a strong, stable economy. Unemployment is below 5% and the economy has been adding 2.4 million jobs per year since 2010.
Real wages have increased too, meaning that workers’ paychecks buy more than they used to.
Let's hope that the economy continues to grow under Trump so that all Americans can thrive. However, we are skeptical. Most of all, we will not sit by and let Republicans claim credit for growth that remains Obama’s strongest legacy.
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Absolutely untrue. The "recovery" is a facade...paid for with a $ trillion a year in borrowing. The numbers are all fake.
The economy won't thrive...we're becoming a minority majority and that has NEVER ended well...never. Diversity to this extent ALWAYS ends in worsening conditions...ALWAYS.
There is not ONE diverse successful country...not one.
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Originally Posted by Guest
I am not a big fan of Trumps at all, however, he is creating a climate for growth and I am sure his optimistic words have helped, along with the gutting of so many rules.
The gutting of rules has me a bit concerned but I am not economically astute enough to pass any judgement.
I just do not want another recession because of a bubble creation and false "good times"
BUT, he has prompted positive feelings in the economic world.
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What do you think you've been living the past 9 years? A giant bubble...a series of bubbles...ALL kept afloat via a $ trillion a year in borrowing.
We borrow 1/4 of the federal budget every year. How long could YOU last if you had to borrow 1/4 of your yearly expenses? We spend $500,000,000,000 a year in interest payments alone...with an artificially low interest rate. There is talk of joining the rest of the world and creating a NEGATIVE interest rate bond. The WORLD economy is in shambles too...40% of sovereign bonds are negative. We NEVER pay off the debt, we roll it over into new debt. We owe 5 years of total income...$20 trillion is a lot of money. Whites have gone from 90% of the population to 49% and it's getting worse. Minority growth and the decline of the country is going hand in hand. The country WILL BE Mexico II within 30 years. It's a certainty.
Things are not and will not "get better", we're in a GIANT world economic bubble with a rising minority POOR population, and there's no way out. Short of sending them all out to war...having them kill each other. Yes, BOTH sides use their "poor" as cannon fodder. Wars DO help economies after the war ends. Plenty of things need to be done/made and many of the men are gone. Unemployment goes down and opportunity goes up. Broken window economics.
The "money" to pay for it? Just numbers in a computer...not even paper any more.
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Originally Posted by Guest
There seem to be some rules he is gutting that will really hurt the consumer and average investor. He is great for the Fortune 500 and big banks.
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Rules and rule gutting is to the advantage of those who pay big money to have a candidate represent them.