U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%

I tend to look at cause and effect while who happens to be the president or who controls congress doesn't typically have anything to do with short term changes (i.e. changes that occur in ten years or less) with the economy.

President Obama had little to do with the recovery from the 2008 recession. The $400+ spending of the Stimulus did have an impact but it was short-lived and mostly covered spending that should have been funded previously by the federal government. Long term it had little to do with the slow rebuilding of the economy under Obama.

At the same time Trump hasn't done anything significant to help the economy while doing a few things that harm it. The tariffs have a negative effect on the economy and the Republican tax cuts that didn't result in economic expansion but that have helped push the national debt to over $22 billion threaten interest rate increases that will suppress the economy in the future.

From a cause and effect standpoint we're just basically bouncing along without any actions of our government doing much of anything right now.

That's not to say that the government can't effect the economy but those effects typically take 20 or more years to be fully realized. For example the Taft-Hartley Act of 1948 that Republicans crafted to destroy the power of organized labor didn't have it's first significant effect until about 1970 with the ending of organized crime involvement in the labor unions and then wasn't truly effective until Reagan used it to crush the Air Traffic Controllers union in the 1980's. Over 30 years had passed since the passage of the Taft-Hartley Act before it successfully destroyed the power of organized labor to negotiate successfully with the owners of enterprise so that compensation was linked to productivity.

 

Thank you Obama!!!!

 

The Clinton tax rate increase, the Gingrich/Kasich tax rate cuts and Bush43 tax rate cuts show different. The former slowed a strong recovery and slowed tax revenue increases, the latter two did just the opposite. Trump not only cut tax rates he went only a regulatory cutting spree which has also pushed the economy even higher gear. The debt is not a revenue problem it is a spending problem.

 

They want a Socialist Top Down Dictatorship.

The Left Has Ensured that this Will Never be a Socialist Country

The Left, in its haste to transform the nation, has made a strategic blunder that will set it back generations.

 

If we want to really talk about the economy it's not about the number of jobs or if real wages have increased a percent here or there. The real issue for the economy is that compensation has not kept pace with productivity and it's the very wealthy that benefit from the productivity while 75% of Americans are all dependent upon receiving a fair share of productivity of the nation but are not receiving that compensation today.

While I don't have a chart from the Service Sector that's responsible for roughly 80% of all employment we do know what the chart says about those that actually produce the goods for American.

https://stephenpruis.files.wordpress.com/2012/12/chart-wages-vs-productivity-1024x5811.png?w=1024

Since 1970, when unions basically lost the ability to negotiate increases in compensation based upon increases in productivity, there's been a constant divergence between the two. This matches the divergence in income between the wealthy and the rest of Americans or what is commonly referred to as income inequality.

Jobs don't mean anything if they don't provide a good living to the workers and most of the new jobs being created fail to meet this basic requirement. The wealthy really don't need to accumulate more wealth faster and corporations don't need higher profits because neither of those help the average American worker. If our government is going to do anything to help the economy then it has to increase the workers share of the increases in productivity for both the manufacturing and service sector. That will require the wealthy to not increase their wealth at the high rates they're doing today and it means that corporations have to come up with more compensation for their workers (and that doesn't reduce their ability to profit that's based upon a percentage of the costs of the enterprise).

No one seems to be following the money trail that shows the workers are generally under-compensated based upon the productivity increases in our economy and that problem has just getting worse since 1970.

 

And a RECORD 7 Million plus Americans are 3 months or more delinquent in their auto payments???

 

Down from a high of about 67% and well above the labor participation rate when "America Was Great" after WW II during the 1950's and 1960's when the middle class in America was truly created. That's when dad could support the family of four while mom stayed home to take care of the kids. It's the time when Ozzie and Harriet and Leave it to Beaver provided a look at the ideal households in America. It's when unions were strong and the economy was based upon two decades of Democratic economic policies. During that
idealistic time in American history the labor participation rate was below 60%. The labor participation rate soared to 67% when Republican economic policies made it impossible for a single worker in the average family to be able to support the household. It required both the husband and wife to work just to pay the bills.

Wouldn't it be nice to return to the past where a single worker could support the family? Where the wife didn't have to sacrifice raising her children, turning them over to daycare, just so her added income made it possible for the family to live in an average house in the suburbs and the labor participation rate was once again below 60%. That's never going to happen under Republican economic policies.

 

WE HAVE NOT HAD 3 or 4% economic growth for a full year under Dirty Donald,only a quarter here and there just as we had under Obama.

 

The Industrialized world had destroyed each others industrial base and we had the only intact First World industrial base on the planet, yeah, we did great for several decades.

That coincided with the rise of OPEC. Kissinger wanted to form a competing cartel of Oil purchasers, but, our allies were too frightened and instead the Petro-Dollar economy was developed with oil producing nations cycling their surplus into our financial markets, and yes, it move money from the working class to investor class, but, now that we are a net energy exporter again, that is unwinding and it will be interesting to see if it unwinds that effect.

My wife didn't work outside the home, in churches across this nation, you still see that, you will have less than the folks with two earner households, it just depends on what's important to you.

 

Have you looked at the economic policies and who was in office during that time? Kenysian excomics, the great society...not the gop

 

How about this directly from the BLS:
https://data.bls.gov/timeseries/CES0000000001
Series Title: All employees, thousands, total nonfarm, seasonally adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS


Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 134074 133332 132529 131835 131491 131026 130685 130501 130259 130061 130073 129804
2010 129807 129715 129895 130132 130666 130530 130442 130437 130373 130642 130765 130839
2011 130859 131072 131304 131625 131720 131955 132016 132138 132374 132578 132710 132914
2012 133269 133531 133769 133852 133951 134023 134176 134346 134535 134693 134851 135088
2013 135283 135562 135698 135890 136114 136295 136400 136642 136831 137056 137323 137390
2014 137567 137735 137985 138312 138533 138857 139084 139272 139583 139841 140127 140396
2015 140609 140857 140934 141234 141553 141723 142016 142138 142271 142610 142845 143125
2016 143215 143447 143681 143892 143907 144189 144525 144660 144930 145058 145228 145443
2017 145695 145836 145963 146176 146304 146533 146737 146924 146942 147202 147422 147596
2018 147767 148097 148279 148475 148745 149007 149185 149467 149575 149852 150048 150270(P)
2019 150574(P)
P : preliminary

 

If Obama gets no credit for the uptrend since the bottom of the Great Bush Recession other than not screwing it up, then The RAT, Russian Agent Tramp, only gets credit for not screwing up the trend that started under Obama, otherwise you are a HYPOCRITE of the highest order!!!

 

Who cares?

The socialist candidates your party has put up so far will screw up the economy so much it won't be recognizable on any graph.