Payrolls smash estimates with gain of 250,000, wage gains pass 3% for first time since recession

Discussion in 'Economics & Trade' started by US Conservative, Nov 2, 2018.

  1. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Okay, this doesn't mean that importers aren't the ones paying the tariffs. Importing companies aren't "foreign companies", so idk where the hell you came up with that nonsense.
     
  2. Renee

    Renee Well-Known Member

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    It’s so funny how Trump took the credit for the stock market rising even though it’s tripled under Obama. But does he take the blame now? It really hurts you to give Obama credit. He rescued the automobile industry and now look thousands and thousands and thousands of jobs are being lost. He really is screwing things up and you say thank you
     
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  3. Zorro

    Zorro Well-Known Member

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    We have a sharp increase in custom's payments to the US Treasury, and we don't have an inflation problem so your claim that US consumers are paying these tariffs is without empirical support.
     
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  4. FreshAir

    FreshAir Well-Known Member Past Donor

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    we are in trouble... the baby boomers are getting ready to retire

    combine this with corps massively outsourcing jobs overseas and people buying most of their products from foreign imports

    and combine that with the two 10+ trillions of dollar Bush wars... Sad! Record Debts....

    all I can say is I am glad I grew up when I did... the current Generations are in for a bumpy ride

     
    Last edited: Dec 9, 2018
  5. FreshAir

    FreshAir Well-Known Member Past Donor

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    Dirty Donald stumbled on the political circuit at the wrong time folks, we need real leadership not a bully with a fragile ego that only cares about himself

    Bush Jr hit this country hard, now Trump is doing the same... can we survive a second republican recession... or will it become a depression?
     
    Last edited: Dec 9, 2018
  6. GraspingforPeace

    GraspingforPeace Well-Known Member

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    First off, I said that Americans are paying higher taxes, not that that consumers are paying higher prices. My God, you are so caught up in being an apologist for this Administration that you didn’t even read what my post said before you started protesting. How utterly sad. And what I said is undoubtably true since tariffs are a direct tax ON IMPORTERS, which are usually American companies. Your claim that these tariffs are being paid by foreign companies doesn’t match with reality.

    However, there have already been several AMERICAN companies which have publicly announced increases in their prices due to the increase in cost of raw materials, including Whirlpool, Pepsi, Coca-Cola, Winnebago, GAP, GM, LG, Walmart, Harley Davidson, and several others. So, either way, you’re wrong. Inflation is a national average indicator, so pointing out that it isn’t wildly growing doesn’t mean that on the margins several companies aren’t being affected.
     
    Last edited: Dec 9, 2018
  7. Zorro

    Zorro Well-Known Member

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    You are wrong. Our taxes were higher in 2017 than they are today

    [​IMG]

    Our taxes are rising since the tax cut because taxes are progressive and our income is rising.

    It's not my fault that you don't understand your own arguments. You claimed American Consumers were paying the tariffs, yet, we aren't struggling with price inflation, so again, the facts are otherwise.
    Not really, just adjust your view to reflect empirical data.
    Without price inflation they are either paying the foreign suppliers less, compressing their margins, or compressing their own margins, but they are not passing on the tax hikes to the American consumer. And since corporate tax receipts to the US treasury have exploded since the tax rate cut, it far more likely that our foreign suppliers are compressing their margins to maintain market share, which means exactly what I stated, the tariffs are a fresh stream of money to support the government financed by foreign suppliers.
    Actually, it fits the data quite nicely.
    The Fed just released the following statement:

    On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.
    Your inflation "problem" is a figment of an overactive anti-Trump imagination.
     
    Last edited: Dec 9, 2018
  8. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Uh... I was clearly talking about tariffs, which are a direct tax on importation.

    I already addressed this TWICE. One, I didn't even say that American Consumers were paying the tariffs, I said Americans. Period. Secondly, even if I had said American consumers, I still would've been right since companies will just transfer their increased costs to consumers. Inflation numbers don't paint a true picture since we're talking about a SPECIFIC basket of goods. Inflation numbers are a measure of the AVERAGE increase/decrease in ALL baskets of goods. I brought up several companies that have already announced increases in prices, which you ignored, AND you can just look up the price of any of the raw materials that have been tariffed to see that there has been an effect.
     
    Last edited: Dec 10, 2018
  9. Zorro

    Zorro Well-Known Member

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    Not if they want to maintain market share, Silly. The US Treasury is enjoying a nice spike in custom revenues yet prices are stable, ergo, Americans aren't paying those tariffs, foreign suppliers are.

    The only ones unhappy are the never-Trumpers who predicted they would result in an inflation disaster. Seems you folks are no better at economic predictions than you are at predicting election outcomes. That's the problem with pretending that your wish-casting is anything other than dressing up your desires in predictive jargon.
     
    Last edited: Dec 11, 2018
  10. GraspingforPeace

    GraspingforPeace Well-Known Member

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    IMPORT COMPANIES PAY TARIFFS, NOT FOREIGN SUPPLIERS. My lord. dude. And I’ve pointed out several times that the inflation numbers you’re talking about are a misleading figure. If I tell you that the price of a car has increased and you rebut with, “yeah, but prices of oranges, milk, wine, and lumber haven’t increased that much,” it’s not a valid comparison.
     
    Last edited: Dec 11, 2018
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yet the company knows this is a transportation cost being added to their selling price here and to remain competitive have to adjust their selling price.
     

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