Impressed by Trump administration

• Heretic

  

  gut;1865289 wrote:LMAO....everyone talking about "Dow record highs" when that is only 30 mega-cap stocks. The indices that matter to the vast majority of investors are down, significantly, the past two days.

  I'm pretty sure that, over the last few days, QQ and Izzy are doing the exact same thing, using their own cherry-picked stats to say one thing, while belittling the other one's cherry-picked stats and showing no comprehension that their stats really don't have a great deal of actual meaning to anything substantial.
• superman

  
• QuakerOats

  gut;1865289 wrote:LMAO....everyone talking about "Dow record highs" when that is only 30 mega-cap stocks. The indices that matter to the vast majority of investors are down, significantly, the past two days.

  Since election day:
  
  S&P 500 - up 16% (annualized +21%)
  
  Russell 2000 - up 18% (annualized +24%)
  
  Dow 30 - up 20% (annualized +27%)
  
  
  
  Good luck.
• QuakerOats

  isadore;1865268 wrote:LOL, Obama was handed the worst economic situation in 80 years

  
  
  He asked for, and accepted, the job.................................................... unfortunately.
  
  
  Any market gains have been more than devoured by skyrocketing obamaKare premiums/co-pays/deductibles.
  
  
  Fucking disaster.
• like_that

  

  How about the fact we haven't had a president or congress in 17+ years that wants to address the fact we need to decrease our debt????
  
  It's amazing to me how nobody is making a bigger deal out of our $20T debt.
• gut

  like_that;1865325 wrote: It's amazing to me how nobody is making a bigger deal out of our $20T debt.

  It's a race to the bottom - as long as someone can argue that our debt load isn't as bad as other OECD countries, people will argue deficits don't matter.
• isadore

  gut;1865269 wrote:The recession ended 5 months into Obama's first term. In other words, the "shitty" economy and market Obama "inherited" had, literally, nowhere to go but up.
  
  Bush had the misfortune of having his his term bookended by significant recessions and bear markets. Recessions and bear markets are inevitable - instead, focus on the recovery and performance in between....and then you see the mediocre economy Obama actually presided over.
  
  Justifiable criticism of the Bush economy would instead focus on the juicing of the economy and markets with artificially low interest rates (sound familiar?) and a bunch of financial services job that didn't create much real value (sound familiar?).

  gosh so the GREAT RECESSION, the worst economic downturn in over 70 years, ended 5 month into Obama's term, because of his effort, followed by 8 years of economic growth.
• isadore

  QuakerOats;1865304 wrote:He asked for, and accepted, the job.................................................... unfortunately.
  
  
  Any market gains have been more than devoured by skyrocketing obamaKare premiums/co-pays/deductibles.
  
  
  Fucking disaster.

  only in deluded minds like yours.
• gut

  isadore;1865334 wrote:gosh so the GREAT RECESSION, the worst economic downturn in over 70 years, ended 5 month into Obama's term, because of his effort, followed by 8 years of economic growth.

  LMFAO....The Bush Admin took care of most of that with TARP and the tee-ing up the auto bailout....the only thing Obama did was screw over the GM & Chrysler bondholders.
  
  Obama should have had a monster economy because he took office at basically the bottom of a severe recession. Instead we just have a huge laundry list of qualifications for why the recovery was so weak.
• gut

  How about that wall!!!
• isadore

  gut;1865337 wrote:LMFAO....The Bush Admin took care of most of that with TARP and the tee-ing up the auto bailout....the only thing Obama did was screw over the GM & Chrysler bondholders.
  
  Obama should have had a monster economy because he took office at basically the bottom of a severe recession. Instead we just have a huge laundry list of qualifications for why the recovery was so weak.

  February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent. Obama bailed out the U.S. auto industry on March 30, 2009. The Federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.
  
  https://www.thebalance.com/what-has-obama-done-11-major-accomplishments-3306158
• gut

  The $1T stimulus was largely determined to be a flop, crony capitalism at its best. You have partisan hacks like Krugman basically admitting the problem wasn't that the the stimulus flushed money down the toilet, it was that it didn't flush ENOUGH money down the toilet.
  
  Like I said, the heavy looking and pretty much all the work was done before Obama took office. TARP was the key play, given the recession was a financial one. That was all the Bush administration.
  
  This is, again, just lowering the bar for a mediocre and divisive POTUS. Personally, I think that's racist - the classic bigotry of lowered expectations.
• gut

  The $1T stimulus was largely determined to be a flop, crony capitalism at its best.
  
  Like I said, the heavy looking and pretty much all the work was done before Obama took office. TARP was the key play, given the recession was a financial one. That was all the Bush administration.
  
  This is, again, just lowering the bar for a mediocre and divisive POTUS. Personally, I think that's racist - the classic bigotry of lowered expectations.
  
  Or if you want a sports analogy....Obama didn't inherit a mess, he inherited a layup. And he blew it.
• like_that

  

  Speaking of the debt, it seems this came out at an appropriate time.
  
  
  [video][/video]
• like_that

  

  Speaking of the debt, this came out at an appropriate time:
  
  [video][video=youtube;Q4TKTPv2hqQ][/video][/video]
• Spock

  

  gut;1865390 wrote:The $1T stimulus was largely determined to be a flop, crony capitalism at its best.
  
  Like I said, the heavy looking and pretty much all the work was done before Obama took office. TARP was the key play, given the recession was a financial one. That was all the Bush administration.
  
  This is, again, just lowering the bar for a mediocre and divisive POTUS. Personally, I think that's racist - the classic bigotry of lowered expectations.
  
  Or if you want a sports analogy....Obama didn't inherit a mess, he inherited a layup. And he blew it.

  this is true. THe bailouts and propping up of the markets did little to nothing for the average wage earner. Hell they could of given every household in this country something like $24,000 dollars with that bailout. THat would of solved the recession right them. No they gave it to their friends to do nothing to help us and 7 years later the economy was still crap. Now within 6 months Trump has turned it all around.
• Heretic

  

  Spock;1865443 wrote:this is true. THe bailouts and propping up of the markets did little to nothing for the average wage earner. Hell they could of given every household in this country something like $24,000 dollars with that bailout. THat would of solved the recession right them. No they gave it to their friends to do nothing to help us and 7 years later the economy was still crap. Now within 6 months Trump has turned it all around.

  Remember folks! Negs are coming soon!
• QuakerOats

  +209,000 jobs in June
  
  Construction sector adds more than 6,000 jobs in July
  Nonfarm payrolls increased by 209,000 in July, above economists' average expectations, according to data from the Bureau of Labor Statistics. The construction sector added more than 6,000 jobs, and the unemployment rate remained stable at 4.3%.
  CNBC (8/4)
  
  Mazda-Toyota venture reportedly to build $1.6B US plant
  A partnership between rival Japanese automakers Mazda and Toyota will build a $1.6 billion assembly plant in the US, people familiar with the plans said. The companies reportedly haven't decided where to locate the factory.
  CNBC (8/4)
  
  Multi-billion oil pipeline set to be completed in 2019
  Construction has started on the next phase of Enbridge's Line 3 oil pipeline between Alberta, Canada, and Wisconsin, and work should be completed in 2019. The Canadian portion of the project is estimated to cost $5.3 billion and the U.S. section will cost $2.9 billion, with 1,600 construction workers involved in building the current phase.
  The Edmonton Journal (Alberta) (8/3)
• ptown_trojans_1

  

  That is great. Yet, it is largely about the same gains we have had over the past year. Wages and the Labor participation rate are largely the same.
  Economic is growing, slowly, but growing.
• QuakerOats

  [h=3]Column: RAISE Act “Refreshing Effort To Help American Workers.”[/h]In a column for The Hill (8/3, Law, Contributor), Federation of American Immigration Reform Director of Government Relations Robert Law writes that the Reforming American Immigration for Strong Economy (RAISE) Act sponsored by Sens. Tom Cotton (R-AS) and David Perdue (R-GA) is “a commonsense bill that actually recognizes the American people as the primary stakeholders in our immigration system.” Law asserts that “U.S. immigration policy has prioritized nepotism – extended family relationships-- over skills.” This policy has had “unsurprising” results, Law asserts, as “decades of flooding the labor force with low-skilled workers has caused blue collar wages to flat-line or decrease.” The RAISE Act “skills-based points system” builds on examples from the Canadian and Australian systems, and “it’s about time the US followed suit.” This merit-based system would &#8220rioritize those best able to succeed and contribute to the American economy,” Law states.
• ppaw1999

  http://www.msn.com/en-us/news/politics/analysis-by-end-of-august-trump-will-have-spent-three-times-as-many-days-at-leisure-as-obama/ar-AApngHY?li=BBnb7Kz
  
  I guess the President needs to take some breaks from all of that winning.
• gut

  ptown_trojans_1;1865455 wrote:That is great. Yet, it is largely about the same gains we have had over the past year. Wages and the Labor participation rate are largely the same.
  Economic is growing, slowly, but growing.

  Very modestly better than late/peak Obama. I think uncertainty over healthcare and taxes is holding things back a little.
  
  But we are like 2-3M jobs behind what we need to get labor participation back to where it needs to be, which would lead to wage growth. Like 150k jobs a month is needed to keep up with population growth...which would mean about 4-5 years of 200k jobs a month to get healthy again. That's a pretty scary proposition considering we are very unlikely to make it that long before another recession.
  
  I'd like to see 250-300k jobs a month, which is where we could be if they resolve healthcare and taxes.
  
  Greenspan today talking about "irrational exuberance" in bond markets, that it's a bubble which will cause a lot of pain when it pops (....this may be the new norm so long as artificially low interest rates are used to prop-up the economy thru the markets). Won't be like the housing bubble, but it will be pretty bad - worse when you consider the Fed doesn't have nearly as much dry powder to lower rates.
• QuakerOats

  It would also help if 50% of job applicants would not be failing drug tests.
• QuakerOats

  Stuart Rothenberg, liberal elitist jackass, gets blasted on twitter for his pathetic tweets. Some of the comments are priceless.
  
  
  http://twitchy.com/brettt-3136/2017/08/03/helpful-context-for-trumps-rally-from-a-pro-west-virginians-are-angry-easily-misled-lots-dont-speak-english/
• ppaw1999

  https://www.yahoo.com/finance/news/one-way-trump-outperforming-presidents-164117261.html
  
  Interesting article.