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Economy booms, press misses it
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Economy booms, press misses it
https://issuesinsights.com/2019/05/21/th...it-at-all/

"...“Why doesn’t today’s full employment come with effervescence?” reporters Pallavi Gogoi and Scott Horsley ask.

But while the reporters do a good job of describing the widespread benefits of the current economy, they also manage, in asking that question, to expose the extreme bias at work among the overwhelming majority of their colleagues in the press.

“Unemployment has reached a nearly 50-year low. The jobless rate for Hispanics has never been lower; the past two years have been the best job market ever for African Americans. Wages are starting to rise — and, more significantly, for the lowest-paid workers. That may not endure, but it’s a reversal of the long-term trend where the most highly paid workers were also the best rewarded. The job market today is so hot that groups that were sort of on the margins also are finding opportunities — including people with disabilities or a prison record....”

First of all, that claim that nobody is celebrating the current economy is wrong. Every measure of consumer confidence and optimism is up. In some cases, way up.

Just this month, the IBD/TIPP Economic Optimism Index hit a 15-year high of 58.6 — anything over 50 signals optimism. By contrast, this index averaged below 50 for President Obama’s entire eight years in office.

The University of Michigan’s Consumer Sentiment Index also hit a 15-year high in its latest rating.

The Conference Board’s Consumer Confidence Index, which was 98.6 the month before the 2016 presidential election, is now at 129.2. The index was 100 in 1985, when the economy was in the middle of the Reagan boom.

Measures of business confidence are high, as is the biggest measure of confidence around — the stock market...."
05-22-2019 07:43 AM
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Redwingtom Offline
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RE: Economy booms, press misses it
05-22-2019 08:30 AM
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EigenEagle Offline
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RE: Economy booms, press misses it
Muh inverted yield curve?
05-22-2019 08:42 AM
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swagsurfer11 Offline
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RE: Economy booms, press misses it
Thanks Obama.
05-22-2019 11:28 AM
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TigerBlue4Ever Online
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RE: Economy booms, press misses it
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

You're welcome. (If you can indulge the fantasy that he had anything to do with this then you can indulge me being him)
05-22-2019 11:35 AM
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Jugnaut Offline
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RE: Economy booms, press misses it
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.
05-22-2019 05:40 PM
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Fort Bend Owl Online
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RE: Economy booms, press misses it
I see mixed signals quite honestly. Yes, some of the reports are solid and continue to be so. But other things are not so rosy. Look at Ford laying off a lot of people (and reports are they may let go of 23,000 more) despite robust sales. Dress Barn just closed all of its stores, and already in 2019 there have been more retail store closings than all of 2018.

Now the latter item may just be an indication of the future of commerce - more and more online sales. But a booming e-commerce really doesn't help the average Joe and Jane.

Farmers are being killed by the tariff wars. And corporate taxes are at their lowest levels since Eisenhower, according to one headline I read yesterday.
05-22-2019 05:51 PM
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swagsurfer11 Offline
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RE: Economy booms, press misses it
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.
05-22-2019 05:57 PM
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450bench Offline
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RE: Economy booms, press misses it
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Thanks for being the most incompetent and most divisive president ever, leaving the door wide open for the magnificent orange one. 04-rock
05-22-2019 07:46 PM
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gdunn Offline
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RE: Economy booms, press misses it
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.



05-23-2019 06:23 AM
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gdunn Offline
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RE: Economy booms, press misses it
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.


https://www.investors.com/politics/edito...g-economy/
05-23-2019 06:26 AM
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Jugnaut Offline
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Post: #12
RE: Economy booms, press misses it
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

I cant help but picture in my head saying "thanks Obama" sarcastically, which was so popular during his presidency. For example, "I lost my health insurance...thanks Obama."
(This post was last modified: 05-23-2019 08:52 AM by Jugnaut.)
05-23-2019 08:50 AM
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swagsurfer11 Offline
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RE: Economy booms, press misses it
(05-23-2019 06:26 AM)gdunn Wrote:  
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.


https://www.investors.com/politics/edito...g-economy/

The economy was much better when Obama left it than when he got it. W. Can't say the same. Let's see what Don John does.
05-23-2019 08:57 AM
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RE: Economy booms, press misses it
(05-22-2019 05:51 PM)Fort Bend Owl Wrote:  I see mixed signals quite honestly. Yes, some of the reports are solid and continue to be so. But other things are not so rosy. Look at Ford laying off a lot of people (and reports are they may let go of 23,000 more) despite robust sales. Dress Barn just closed all of its stores, and already in 2019 there have been more retail store closings than all of 2018.

Now the latter item may just be an indication of the future of commerce - more and more online sales. But a booming e-commerce really doesn't help the average Joe and Jane.

Farmers are being killed by the tariff wars. And corporate taxes are at their lowest levels since Eisenhower, according to one headline I read yesterday.


How is that a bad thing? I think its a good thing. We are now competitive with the rest of the world on corporate taxes.
05-23-2019 09:46 AM
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gdunn Offline
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RE: Economy booms, press misses it
(05-23-2019 08:57 AM)swagsurfer11 Wrote:  
(05-23-2019 06:26 AM)gdunn Wrote:  
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.


https://www.investors.com/politics/edito...g-economy/

The economy was much better when Obama left it than when he got it. W. Can't say the same. Let's see what Don John does.

That's not what you said.. Please stick to your original story and try again.
05-23-2019 10:32 AM
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RE: Economy booms, press misses it
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

03-lmfao You should do stand up.
05-23-2019 10:35 AM
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swagsurfer11 Offline
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Post: #17
RE: Economy booms, press misses it
(05-23-2019 10:32 AM)gdunn Wrote:  
(05-23-2019 08:57 AM)swagsurfer11 Wrote:  
(05-23-2019 06:26 AM)gdunn Wrote:  
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.


https://www.investors.com/politics/edito...g-economy/

The economy was much better when Obama left it than when he got it. W. Can't say the same. Let's see what Don John does.

That's not what you said.. Please stick to your original story and try again.

What I said is true. #dealwithit
05-23-2019 10:37 AM
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swagsurfer11 Offline
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RE: Economy booms, press misses it
(05-23-2019 10:35 AM)TigerBlue4Ever Wrote:  
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  
(05-22-2019 05:40 PM)Jugnaut Wrote:  
(05-22-2019 11:28 AM)swagsurfer11 Wrote:  Thanks Obama.

Yeah, I appreciate him leaving the white house so things could improve.

Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

03-lmfao You should do stand up.

Don John does it for us all.

Check the scoreboard.
(This post was last modified: 05-23-2019 10:38 AM by swagsurfer11.)
05-23-2019 10:37 AM
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RE: Economy booms, press misses it
(05-23-2019 09:46 AM)bullet Wrote:  
(05-22-2019 05:51 PM)Fort Bend Owl Wrote:  I see mixed signals quite honestly. Yes, some of the reports are solid and continue to be so. But other things are not so rosy. Look at Ford laying off a lot of people (and reports are they may let go of 23,000 more) despite robust sales. Dress Barn just closed all of its stores, and already in 2019 there have been more retail store closings than all of 2018.

Now the latter item may just be an indication of the future of commerce - more and more online sales. But a booming e-commerce really doesn't help the average Joe and Jane.

Farmers are being killed by the tariff wars. And corporate taxes are at their lowest levels since Eisenhower, according to one headline I read yesterday.


How is that a bad thing? I think its a good thing. We are now competitive with the rest of the world on corporate taxes.

It's likely the single driving force behind manufacturers and other companies returning their operations to the states. It's such a simple concept that their vastly superior intellects just can't seem to grasp. It's quite likely that the commies looking to overtake us can't abide it for that reason and their minions have been issued their talking points to poopoo it hence the white boy rapper turned surfer dude.
(This post was last modified: 05-23-2019 10:40 AM by TigerBlue4Ever.)
05-23-2019 10:38 AM
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gdunn Offline
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RE: Economy booms, press misses it
(05-23-2019 10:37 AM)swagsurfer11 Wrote:  
(05-23-2019 10:32 AM)gdunn Wrote:  
(05-23-2019 08:57 AM)swagsurfer11 Wrote:  
(05-23-2019 06:26 AM)gdunn Wrote:  
(05-22-2019 05:57 PM)swagsurfer11 Wrote:  Obama got handed a shot show from W. Turns things around and hands a strong economy to Trump, who probably will hand a weaker economy over to Biden to fix again.

Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.


https://www.investors.com/politics/edito...g-economy/

The economy was much better when Obama left it than when he got it. W. Can't say the same. Let's see what Don John does.

That's not what you said.. Please stick to your original story and try again.

What I said is true. #dealwithit
The economy was not booming under Barry at any point. Yes he went through a recession but he floundered and used it as a re-election tool.. He claimed jobs were gone and growth wouldn't happen... His economy was stalled.. He didn't hand off a strong economy, he handed off a stalled economy that wasn't foreseen by the big eared genius to grow, and what do you know it boomed, and then tries to take credit...

That's the bottom line.. #dealwithit #upyournosewithawaterhose
05-23-2019 10:40 AM
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