It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves

The stock market should have gone up. Obama's policies of his war on business chased millions of jobs out of the country and made the stock holders a fortune on cheaper help and less taxes.

As for his consecutive months of job growth, lets look at the jobs created under his policies.




The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

“Fast food is driving the bulk of the job growth at the low end — the job gains there are absolutely phenomenal,” said Michael Evangelist, the report’s author. “If this is the reality — if these jobs are here to stay and are going to be making up a considerable part of the economy — the question is, how do we make them better?”

The report shows that total employment has finally surpassed its pre-recession level. “The good news is we’re back to zero,” Mr. Evangelist said.

But job losses and gains have been skewed. Higher-wage industries — like accounting and legal work — shed 3.6 million positions during the recession and have added only 2.6 million positions during the recovery. But lower-wage industries lost two million jobs, then added 3.8 million.
HTTPS://www.nytimes.com/…/recovery-has-created-far-more-low…

 

The GOP was in control of the presidency and congress until 2007, at which point the housing bubble already started popping. But, I'd be happy to see you join Bluesguy in the futile effort to blame the great recession on Democrats.

 

lol, jobs have been going oversees since the mid 80's.

Still the record holder for job growth.

because the US can't compete with 3rd world slave labor.

 

Wait a minute DUDE. You reported one of my post when I cut a line out and did not quote it in it's entirety now you edit mine. And I said nothing about the recession try to address what I posted and answer my questions to you.

Yes when they produced surpluses and paltry deficits like the last Republican in 2007 of just $161B. Two years later for 2009 the Democrats had it at $1,400B with their 9% spending increase and then 18% spending increase, $900B in stimulus alone, and kept it over $1,000B for the next three years never even coming close to the Republicans worst deficit. Why are you so gullible as to believe Democrats engage in better fiscal policy and deficit control?

And you aren't going to try and claim Bush should have vetoed the Democrats 2009 budget again are you?

 

Bluesguy and Molonlabe's defense of the admin only condemns it. when complaining about one does, check the rules is the best advice for the complainer.

 

ROFL after the Democrats got the record for the most jobs lost and worst unemployement record in modern history to go along with their worst fiscal management in modern history.

 

I delete off topic nonsense.

As I said, we already agree that the republican caused recession is responsible for the 2009 deficit.

 

Can you try English next time?

 

The alt right is a political movement, guys, not a party.

 

I'd be happy for you to quote me blaming the Democrats for the recession.

 

yes, UE went to extreme highs due to republican incompetence and destruction of the economy. As always, democrats have to pick up the **** show left by republicans. And they did wonderfully. UE went from over 10% to under 5%. doubled the stock market to record highs, and Obama had the most consecutive months of jobs growth of any other US president.

 

bluesguy, you can read, and you know what I meant. Your defense of the admin condemns it. Do not complain about rules violations if you are violating the rules yourself.

 

Are you seriously pretending you are fooling anyone?

 

You have done it plenty of times in other threads, and that is common knowledge on this Board. The fact is that the GOP from 1994 to 2006, particularly with Bush's ineptitude as President, caused the recession.

 

ROFL so you've already started your dancing.

I'm right on the topic you brought up deficits, you aren't really going to try and blame Bush again for the 2009 Democrat budget are you? And no I do not agree with you so stop with the fallacious statements.

And as a reminder the Democrats took the Congress January of 2007 a year before the recession began.

 

To be fair, Bill Clinton played a role as well. He was president, and no bills repubs passed could become law without his signature. But yes, by far the recession is the fault of republicans.

 

No, I just don't deal with your off topic bullshit.

yes, I pointed out republican hypocrisy.

Irrelevant. They could not pass any legislation that the GOP administration didn't have to sign. The recession is squarely at the feet of republican incompetence.

 

Yes quote me saying the Democrats CAUSED the 2009 recession else withdraw the claim. Then prove your claim Bush could have vetoed the Democrats 2009 budget and it's $1,400B deficit just two years after the last Republican deficit of just $161B. Who cares more about deficits and debt?

 

Makes no difference. The economy was caused by the housing market and Democrats were pushing banks to loan money to the poor for homes they should have never gotten. They didn't have the credit, or income to get a loan. But Bill Clinton and the Democrats pushed the banks into loaning a percentage of their loans to the poor or they would be punished and sued. Clinton started it as far back as 1993 and I know for a fact, they were still doing it in 2005 and maybe longer. Banks had to change their lending habits to do it. They started variable interest loans. Balloon loans, no more did it have to be no more than 25% of your income. Banks were even taking welfare and food stamps as income to qualify people. When interest rates went up the forecloses began.

 

Sorry, republicans owned congress and the white house from 2001-2008, and held the white house until January 2009. it's all on republicans.

 

Got your dancing shoes on again I see. We're talking fiscal management and who is responsible for deficits and your claim that Republicans don't care about deficits. They balanced the budget and produced surpluses and then after the 2001 recession brought the deficit down to their paltry $161B. Two years later, two years after the Democrats took control of the Congress, after two Democrat budgets the deficit was at $1,400B now you aren't still trying to blame that deficit on Bush because you claim he should have and could have vetoed it are you?

 

Wrong again the Democrats took the Congress January of 2007 a year before the recession began. And are you still claiming Bush could have and should have vetoed the Democrats 2009 budget?

 

Waiting your for you to prove I blamed the Democrats for the recession else withdraw the claim.

 

Makes no difference it was done by your President.

THERE ARE TWO KEY EXAMPLES of this misguided government policy. One is the Community Reinvestment Act (CRA). The other is the affordable housing “mission” that the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were charged with fulfilling.

As originally enacted in 1977, the CRA vaguely mandated regulators to consider whether an insured bank was serving the needs of the “whole” community. For 16 years, the act was invoked rather infrequently, but 1993 marked a decisive turn in its enforcement. What changed? Substantial media and political attention was showered upon a 1992 Boston Federal Reserve Bank study of discrimination in home mortgage lending. This study concluded that, while there was no overt discrimination in banks’ allocation of mortgage funds, loan officers gave whites preferential treatment. The methodology of the study has since been questioned, but at the time it was highly influential with regulators and members of the incoming Clinton administration; in 1993, bank regulators initiated a major effort to reform the CRA regulations. Read more
https://spectator.org/42211_true-origins-financial-crisis/

 

No I don't know what you meant nor what rules violations you are talking about.