Bad news for Democrats: Stocks record high - Employment 1/2 Century High

It is true that it is not due to aging. They do not publish these numbers on a regular basis, but the over 55 labor participation rate has gone up. It is in the prime working age where the labor participation rate has gone down.

For some reason we have a lot of people not working that should be working and I don't think we know why.

 

Get a clue about economics.

Steve

 

Then wouldn't it make a lot of sense to change that. For example, if we raised the tariff on foreign goods coming into the US, then we would be forced to make them in the US.

 

Particularly when you're taking credit for the work of others, and you had very little to do with it.

 

Ah the Mexihate! It's so easy to punk Trumpsters! All you have to do is feed them a few misleading statistics carefully constructed to stoke their outrage, and they're off to the races!

Even you own post undermines you.

27 million LEGAL and illegal immigrants. Of course, whoever fed you this claim probably left out the fact that 76% of them are here legally and are therefore entitled to the same rights and job opportunities as you are.

But this is the way of the parochial and the fear filled.

 

WRONG AGAIN!

It's your own ignorance of economics and the facts that makes you the fool for supporting a political party that undermines YOUR OWN WAGES.

Any president that doesn't support the American worker is dysfunctional in their job.

READ IT! I've only posted this in PF about a hundred times. "Immigrants" are from many different countries in the BLS news post.

https://www.bls.gov/news.release/forbrn.nr0.htm

Steve

 

So you want Trump to drag grandma and grandpa back into the workforce? How about stay-at-home mothers? Stay-at-home wives and husbands? College students?

While a few years ago, discouragement with the job market was a huge factor causing the low participation rate. We're approaching a point where the economy is no longer the real boat anchor. Skills gaps will arise as technology evolves, but that's an easy problem to solve.

 

,,, yep, and they're doing jobs Americans don't want anyway ,,, until they head back home for the fall and winter so Americans can do those jobs they don't want.

 

What are you raving about. We don't know why the labor participation rate went down. I would like to know why.. However, it is not grandpa and grandma which is causing it to go down. The labor participation rate for the over 55 crowd went up.

 

Who is responsible for the booming economy? In 2008 the world economy collapsed due to rampant speculation in housing. Bush instituted TARP and a down payment on the auto bailout. So let's start from January 20, 2009. Obama inherited the first trillion dollar deficit then amped up TARP and the auto bailout. Unemployment benefits extended for two years and bank bailouts continued. By 2010 the economy began a recovery that lasted to present day. After that every month Obama was in office job growth was 150,000 or more. Unemployment went from 10% at the beginning of his term to 4.6% at the end. The DJIA nearly tripled and Obama cut the budget deficits 67%.

Trump inherited a solid economy with uninterrupted growth of 2.2% per year for eight years. He initiated tax cuts that jump started the economy and drove unemployment down below 4%. Deficits also accelerated to over one trillion dollars. The effects of this and tariffs is unknown. Job growth has leveled as has the DJIA. Bottom line? Too soon to tell all around.

 

Oh by all means keep patting yourself on the back for a job well done. The ball is in your court as the expression goes and I'd love nothing more than to be proven wrong in the future. You will forgive me for not being able to see this state of the economy lasting 6 more years. Again, Drumpf has the opportunity to prove me wrong.

 

Some are on welfare, others are working in cash on the barrel head off the system you can't hardly throw a rock these days without hitting an antique shop or drive down the street without running in to a guy hauling a trailer and and weed eaters and lawn mowers others are selling dope, whoring and pimping Hell there are even barter groups around none of them are going to tell you they are working. the less the government knows about them they happier they are. The grey and black economies in this country are huge.

 

Short term: regular middle class and working class voters for working hard to get themselves out of the hole. Unless you are below the poverty line, there is no excuses.

Long term: Nobody. Because the government is using the wrong measuring sticks to define general well being.

 

I don't think that matters much this election cycle. Normally the economy going strong would enhance and favor incumbents. It's a fact Americans approve of Trump's handling of the economy 51-43 over those who disapprove.

https://www.realclearpolitics.com/epolls/other/president_trump_job_approval_economy-6182.html

So why is Trump stuck in the low 40's when it comes to overall job performance or approval. Right now he is at 42.2% approval, 53.5% disapproval.

https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html

those two don't add up. Another thing that doesn't add up is the generic congressional poll. right now in the Democrats favor 49.3% to 40.5%.

https://projects.fivethirtyeight.com/congress-generic-ballot-polls/?ex_cid=rrpromo

Apparently this time around the economy isn't playing a very large role, perhaps none at all which is highly unusual. Something else is. Something else is over riding the economy. I think it is Trump himself, his obnoxious, uncouth, distasteful, unpresidential behavior and personality. His character or the persona he puts forth which is more akin to WWE or Jerry Springer than a president.

Of course November will either verify this or it won't. I wager it will.

 

I don't completely disagree. I supported Cruz in the primary over Trump in part because of those attributes of Trump.

But we also know the MSM does have an impact on opinion.. That's why they purposely slant things and why they often tell flat-out lies about the Trump admin, or the successes he's achieved for America as POTUS.

Polls have usually skewed toward Democrats, because it favors a candidate to be seen as the leader, and all Democrat Party pollsters are activists doing their part as well..

We'll see how accurate these polls are compared to some previous polls.

https://www.newsweek.com/hillary-clinton-track-electoral-college-landslide-510362

HILLARY CLINTON ON TRACK FOR ELECTORAL COLLEGE LANDSLIDE: POLL
BY REUTERS ON 10/15/16 AT 4:55 PM

 

That's why the FairTax makes sense.

 

And of course democrats are hoping something WILL happen. They dont care it would hurt millions of Americans if it makes President Trump look bad.

 

Consumer and govt. debt along with business is at an all-time high also.

 

Uh----------------------- because they have jobs now!!!!!

 

All those transactions would still be off the record.

 

I hope he can triple the stock market like obama did

 

It’s great for the top ...

 

Massive age discrimination. I am 57 and they won't look at us..

 

With the FairTax, no records are necessary. Its a consumption tax, not an income tax.

 

And almost half of the US debt happened when Obama was president.