Discussion in 'Budget & Taxes' started by US Conservative, Oct 26, 2018.
NOT AS THEY INTENDED and that doesn't make it an ECONOMIC POLICY BILL, deal with it.
Obama claimed Trump would have to wave a magic wand to get the results he's gotten.
The Problem with the Left trying to claim credit for Trump's economy is that to a person they predicted immediate disaster. Then instead when we boomed, now they are trying to claim credit.
As usual the Left screwed themselves and are now whining over how screwed they are.
Inflation is 2.5% for 2018, and is only expected to fall because GDP growth is expected to fall in 2018 and 2019. Here is yearly inflation:
Here is the data. Do the math yourself.
Here are inflation adjusted wages. As you can see their rise has slown down significantly:
But inflation was 2.5%. So thats .6% wage growth. Also if you count benefits along with salary the growth was only 2.8%. So now thats only .3%. During Obama inflation ranged from 0% to 1.5% so it was a lot easier to squeeze in real wage growth.
As already noted inflation is 2.3 and expected to fall.
Your dancing on the head of a pin.
Actually its worse. Q1 2017 is $385. If we measure from Q1 2017 to today it went from $351 to $355 in 1.5 years which is about .75% per year.
Ok, lets take your 2.3% figure. With your wage growth at 3.1%, that is still only .8% wage growth. Republicans like to repeat, "3% GDP", but the reality right now is .8% wage growth. Its really surprising its this low given the tight labor market. Or people will talk about unemployment being 3.7%. But in reality the percent of the population employed went from 59.9% when Trump took office to 60.6% now which is a tiny .7% improvement.
2.3 and projected to fall, incomes rising faster and expected to accelerate more, LFPR improving, huge increases in manufacturing jobs, workers getting more of the growth. Yet you remain desperate to find something, anything to fault and everything you have attempted has been shown to be untrue.
Good lord, of course it is as it is intended. Healthcare aint free, and they MADE people PAY against their will.
Trump claimed that Obama claimed that. But he lied.
I asked numerous times, buddy, what economic plans trump made in 2017. And it's crickets.
I have answered your question, but you haven't answered my question: What is the purpose of the US economy?
How in the world can you recognize an economic plan if you can't even identify the purpose of the US Economy?
You think your freaking meme is a source that debunks mine?
Good lord! lol
I don't recall you ever mentioned what Trumps economic plan was for 2017.
You only mentioned he did a talk the talk. It falls short of the walk the walk... as in legislation.
Wrong they intended it to be a fee, Chief Justice Roberts said it was a tax. Which also made it unconstitutional since it originated in the Senate. And it remains a health care bill not an economic bill. What successful economic bills did they pass?
I most certainly did and I asked you a question. What is the purpose of the US Economy?
If you don't understand the purpose of the US economy, how in the world are you going to evaluate, or even recognise, and economic plan?
When we are trying to determine a trend, you do have to look back at 1977 and look at more than just 2.5 years. Even with your 2.3% inflation and 3.1% wage growth, that is still only .8% real wage growth which is very very low for a booming economy and a super-tight job market. 3.1% wage growth under Trump is lower than other boom periods like even the Bush boom with 3.5% wage growth, and the Clinton boom of over 4.5%. Growth than is higher than the levels under Obama but that isn't surprising since the economy has been slowly picking up steam and really started to take off around 2014. When factored for inflation Obama's second term actually saw better real wage growth because inflation was far lower. Our boom period is better to compare boom periods to other boom periods. From that view, we are trending downward.
I think both parties have failed to do anything to help the middle class in a permanent substantial way. No matter what party comes to power, the middle class continues to stagnate over the decades.
No I don't have to look back 41 years. And both the Bush and Clinton booms were a result of similar Republican policies and during Obama's term the "really started to take off" came after the Republicans started taking back more and more political power. You seem to want to believe that the low inflation during Obama's term was a good thing when in fact it was due to a stagnant economy and stagnant wages.
Perhaps they haven't done enough and that does need to change.
But its important to note that Trump democrats felt strongly enough about the failures of dems to actually vote democrat.
Nothing is for free. And it shows how the bill works.
Not that I am aware off. But feel free to post the number of the post you did.
Separate names with a comma.