Trump's Economy Still Unable to Rise above 3% Growth

How does a one day drop of ~ 1.5% which will reverse tomorrow harm the economy ?? How does any change in the Dow harm the economy ??

 

It's much easier to create infrastructure, like the interstate highway system, when you have lots of people paying taxes, and you have adequate income for the government to support the elderly and sick. Even with higher taxes, most families were able to purchase a home and a car, educate their children, and live a middle class lifestyle with one income. We also had cheaper college costs, because the state knew that an educated workforce meant higher paying jobs and a better quality of life for the entire state. So state tax was invested in public colleges. Now that cost is on the back of the student, and they carry the payments for most of their working life.

 

Link please.

 

right wing tax cut economics is Worthless if it doesn't pay for that policy, right wingers.

http://www.usdebtclock.org/

 

Haven’t you guys been basically pounding Obama’s legacy because of the one and a half year period between 2014-2016 where the stock market essentially remained flat? Okay, we’ll, we’re on month 7 of Trump’s stock market flatness. Where’s the critique? Where’s the flailing of the limbs and gnashing of the conservative teeth?

 

A fifteen dollar an hour minimum wage! Higher paid labor, pays more in taxes and creates more in demand.

 

Do your own homework. It will be good for you.

 

nothing but fallacy? why so much "confidence with so much fallacy"?

 

Citing falls in the stock market (that is business and finance dominated concerns) misses the point entirely. Business and finance loved fee trade because it generated high profits (for the firms that survived). But it was associated with stagnating wages which was fine with business and banks, but which American workers did not care for.

It is workers not economic elites who control (or will control) the Republican party now. So wages not stock prices are what is important. Until wages start growing quickly free trade is a dead issue. Citing stock processes when talking abut free trade is entirely meaningless politically.

 

The left is for a fifteen dollar an hour minimum wage. The right wing is all talk and no action, unless the already rich are going to get richer.

 

Wrong guy.

 

We don’t have free trade. Trump is using the threat of tariffs to negotiate the elimination of other country’s tariffs on US goods.

 

Typical lack of initiative and curiosity from illiberals.

 

We have as free trade as has existed in US history or will again any time soon. Barriers to trade were significantly reduced after 1980.

 

I don't know if $15 is the right number or not, but if we don't get more money in workers' hands, we're going to be in trouble economically. Seventy percent of our economy is consumer spending. Most people don't have any more disposable income to spend, despite adding $1.5 Trillion to the debt from the tax cut. Instead of paying down debt, when the economy is good, Republicans in Congress decided to cut taxes. Now, when the inevitable recession comes along, the government lacks funds to provide for those economically displaced.

Greed is part of capitalism, but when uncontrolled, leads to revolution. It's government's role to control capitalism for the good of the people.

 

We need to roll back disparity to what it was say in the early 80's and have real wage growth for the bulk of the public or things will fall apart. It is remarkable that economic conservatives do not get this. Or realize that which did not raise wages with G W Bush is unlikely to this time either.

 

Once again;

Generally speaking, uncertainties/fears/worries......not good for the economy, and every above-average intelligent people know that.

 

sure they were.

 

Come'on man. A one day drop in the Dow is meaningless and does not affect the economy.

 

George Soros has more knowledge of economic principles and their effects in the sludge underneath his toenails than the sum total of your knowledge.

I already explained to you how deregulation enables corporations to avoid paying taxes.... at which point you ran to the playground crying "NO NO NO" and screaming insults prior to sticking head deep in the sandbox of denial.

 

Do some homework on the real median household income. Disparity is a meaningless argument implying zero sum wealth creation. We need more Gates, Jobs, Dells, Trumps, Bezos, etc to create more wealth which will improve the real median household income and the standard of living at a faster rate. Why would anyone believe that if everyone made the same salary it would be utopia. How would this be achieved ?? What would be the economic incentives to risk for zero reward ?? It's amazing that illiberal regressives don't realize this.

 

Soros ?? Too funny. What is your go to economic book written by George Soros who made his fortune destroying national economies by manipulating currencies ??

Again too funny. Deregulation enables corporations to avoid paying taxes. Absurd.

Here is a quiz for you. Who pays corporate income taxes ??

 

Trump is using the threat of tariffs to negotiate?????????????????

Definition of threat;

A "statement of an intention" to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

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For your info, several Trump's tariffs have already and effectively been imposed, thus, they are no longer considered a THREAT.

 

Which tariffs have been implemented ??

 

funny. i move forward every time the right wing prefers fallacy to a better argument at lower cost.