Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
Guest wrote:They didn’t take the president’s bragging very seriously
One of President Trump’s favorite attacks on his political opponents is to say that the world is “laughing” at the United States. But on Tuesday, during Trump’s speech to the United Nations General Assembly, the assembled world notables literally laughed at him.
The audience erupted in laughter early, when Trump bragged about his accomplishments as president. “In two years, we have accomplished more than almost any administration in the history of our country,” he said.
Trump makes this sort of grandiose claim all the time, typically to friendly audiences at home. But the UN audience is less willing to indulge him, and at least a few members of the audience audibly giggled at this truly ridiculous claim. This flustered Trump, who smiled and said “so true” in response to the laughter. That bred even more laughter, though it was hard to tell at whose expense.
The president paused again, and smiled somewhat uncomfortably. “Didn’t expect that reaction, but that’s okay,” he said:
https://www.vox.com/policy-and-politics ... laughed-at
No thick, demented rednecks to cheer him on!
The rest of the world hate Trump!
Guest wrote:Rolluplostinspace wrote:The same story as here then. Bullshit unemployment/employment figures and voodoo economics. By the way Trump hasn't been in office long enough for all these changes to be down to him.
It sure as fuck has fuck all to do with Obama. The working man has seen an increase in the money they are taking home, under Trump. Something that didn't happen under 8 years Of Obama.
People (Rich people) are spending money on refurbs on houses, apartments, and summer houses. I had plenty of work under the obama administration. Because Wealthy people spend money no matter what the climate. Since Trump has been in, my work load has tripled. Because people are spending on what they want not need done to their properties.
calitom wrote:Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
Trump knows enough not to try and take away peoples goodies. The best he can do is increase tax revenue through expansion of the economy--which he has done. At least the debt wont double in his 8 yrs like it did under obama.
But of course you know maddog--that the national debt isnt even the biggest problem.State and local municipality debt is much bigger.
and Illinois is really not in much better shape than venezuela.
The govt pensions--mostly state,city,county,town......in many states are going to be --and already are --impossible to pay.
I recommend a site called pensiontsunami.....tells most of the gorey details.
bogtrotter wrote:Trump is no laughing matter. I'll save my laughter for when the c**t dies.
Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
Rolluplostinspace wrote:Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
The US economy isn't doing well or auto sales numbers wouldn't be nose diving.
Home sales plunged in August.
Retaliation by China to tariffs already in place have made some American auto exports uncompetitive, and could collapse US auto sales by 2 million vehicles per year, resulting in the loss of up to 715,000 American jobs.
If the U.S. economy truly is doing ok like you say then why have there been four monthly declines in a row?
Maybe you've been at the media coolaid again Maddy?
Maddog wrote:Rolluplostinspace wrote:Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
The US economy isn't doing well or auto sales numbers wouldn't be nose diving.
Home sales plunged in August.
Retaliation by China to tariffs already in place have made some American auto exports uncompetitive, and could collapse US auto sales by 2 million vehicles per year, resulting in the loss of up to 715,000 American jobs.
If the U.S. economy truly is doing ok like you say then why have there been four monthly declines in a row?
Maybe you've been at the media coolaid again Maddy?
The growth rate is up, as is the stock market. Unemployment is down. By most metrics the economy is doing very well. Most people are in agreement with that, even if they argue about who gets the credit.
The tariffs might be an issue in the near future, but Trump just reworked NAFTA so that shouldn't be a problem.
And per as usual, much of this is done with borrowing so there is that looming over the economy. Some day that debt will matter. And when it does, hang on to your hats.
Fletch wrote:Maddog wrote:Rolluplostinspace wrote:Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
The US economy isn't doing well or auto sales numbers wouldn't be nose diving.
Home sales plunged in August.
Retaliation by China to tariffs already in place have made some American auto exports uncompetitive, and could collapse US auto sales by 2 million vehicles per year, resulting in the loss of up to 715,000 American jobs.
If the U.S. economy truly is doing ok like you say then why have there been four monthly declines in a row?
Maybe you've been at the media coolaid again Maddy?
The growth rate is up, as is the stock market. Unemployment is down. By most metrics the economy is doing very well. Most people are in agreement with that, even if they argue about who gets the credit.
The tariffs might be an issue in the near future, but Trump just reworked NAFTA so that shouldn't be a problem.
And per as usual, much of this is done with borrowing so there is that looming over the economy. Some day that debt will matter. And when it does, hang on to your hats.
Validating my comment on the previous page that GDP is useless as increasing the money supply and/or the population increases it. It's a useless measure, that's why it's used.
bogtrotter wrote:Trump is no laughing matter. I'll save my laughter for when the c**t dies.
calitom wrote:Fletch wrote:calitom wrote:James Kirk wrote:After all Trump has done and you idiots laugh.
Genius treads a lonely path.
right on---the only place in the world right now with a rapidly growing economy. so of course we need another ninkumpoop like obama in there who never ran a hotdog stand...o wait---
he did;)
With the huge increase Trump gave the MIC, a GDP increase was a certainty.
GDP as a measure of a country's performance is useless. It just tells you that more money changes hands and most of that is driven by debt and new people. Increase the money supply (debt) and more is spent in the economy. Immigrations means more people buying/selling/taking out debt. it's why the west encourage it overtly or covertly.
It's blindingly obvious but saying so risks the people learning about the money supply and who controls it and how, so they keep on pretending GDP really matters. It only matters to banks and corporations. Even changing it to GDP per capita would show more but that would expose the more people = more economic activity so they pretend it's all the result of running the country well.
Economics = snake oil salesmen.
so the huge increase in industrial jobs,the record low unemployment all across the board,the decreased over regulation of businesses trying to expand, the record number of new start up businesses ,and tax decreases(yes for small businessmen like me)have nothing to do with it. Stop playing junior economist and start using common sense.
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