Author Topic: Trump prosperity update  (Read 17314 times)

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Online Hollybaere

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Re: Trump prosperity update
« Reply #465 on: February 04, 2018, 03:15:31 PM »
flyboy,
I never knew there was a certain
way a "married" man talks.
to put your troubled mind to
rest, I am happily married, going
on 41 years. thank you for your concern.

That's why you have been married 41 years and Flyboy has never been. ;)
All truth passes through three stages:
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident.
� ARTHUR SCHOPENHAUER (1788-1860)
Dagon is an idiot!!

Those Who Sacrifice Liberty For Security, Deserve Neither- Benjamin Franklin

Online Mornac

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Re: Trump prosperity update
« Reply #466 on: February 08, 2018, 10:20:41 AM »
U.S. jobless claims drop to near 45-year low

Lucia Mutikani
February 8, 2018

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year.

Initial claims for state unemployment benefits decreased 9,000 to a seasonally adjusted 221,000 for the week ended Feb. 3, the Labor Department said on Thursday. Claims fell to 216,000 in mid-January, which was the lowest level since January 1973.

Economists polled by Reuters had forecast claims rising to 232,000 in the latest week. Last week marked the 153rd straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the longest such stretch since 1970, when the labor market was much smaller.

The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. The tighter labor market is starting to exert upward pressure on wage growth.

The Labor Department reported last week that average hourly earnings jumped 2.9 percent year-on-year in January, the largest gain since June 2009, after advancing 2.7 percent in December.

Strong wage growth supports optimism among Federal Reserve officials that inflation will increase toward the U.S. central bank's 2 percent target this year. U.S. financial markets expect the Fed will raise interest rates in March.

The Fed has forecast three rate increases for this year, but much will depend on the inflation outlook and financial conditions. The central bank lifted borrowing costs three times in 2017.

U.S. financial markets were little moved by the claims data.

The Labor Department said claims for Maine were estimated last week. It also said claims-taking procedures in Puerto Rico and the Virgin Islands had still not returned to normal months after the territories were slammed by Hurricanes Irma and Maria.

Last week, the four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, declined 10,000 to 224,500, the lowest level since March 1973.

The claims report also showed the number of people receiving benefits after an initial week of aid fell 33,000 to 1.92 million in the week ended Jan. 27. The four-week moving average of the so-called continuing claims rose 12,500 to 1.95 million.

Reuters, dalib!

Offline SpaceCadet

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Re: Trump prosperity update
« Reply #467 on: February 08, 2018, 03:28:23 PM »
Here we go again.

Dow plunges almost 700 points as bond fears haunt stocks.

http://money.cnn.com/2018/02/08/investing/dow-jones-stock-market/index.html
« Last Edit: February 08, 2018, 03:30:38 PM by SpaceCadet »

Online Mornac

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Re: Trump prosperity update
« Reply #468 on: February 08, 2018, 03:48:19 PM »
Unemployment Lines Are Really, Really Short
Surprisingly few people are filing jobless claims

Spencer Jakab
Feb 8, 2018

If they weren’t state workers with the sort of job protection lacking in the private sector, the people who process unemployment claims might be lining up at the unemployment offices.

Initial jobless claims reported Thursday morning were 221,000 for the previous week, about 11,000 fewer than expected. That series is volatile, but the smoother four-week average is now down to 225,000, which is the lowest figure since 1973. Considering the fact that the U.S. population was a third lower back then, that comparison is remarkable.

One reason for the difference is that these days fewer people work in factory jobs subject to periodic furloughs and more work in interchangeable service jobs like pouring coffee at Starbucks. Another is that the U.S. labor market really is very tight.

Should the unemployment people ever become unemployed, we hear there are lots of openings for baristas.

Source

Offline SpaceCadet

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Re: Trump prosperity update
« Reply #469 on: February 09, 2018, 01:05:04 AM »
The Dow closed down 1,033 points.

Good job Trump!  😡

Offline SpaceCadet

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Re: Trump prosperity update
« Reply #470 on: February 09, 2018, 08:55:38 AM »

Offline Steve McGarrett

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Re: Trump prosperity update
« Reply #471 on: February 09, 2018, 10:35:16 AM »
That's why you have been married 41 years and Flyboy has never been. ;)

That's ridiculous and if you believe it, you are ridiculous.  In fact, you are ridiculous, believe it or not.

Offline Steve McGarrett

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Re: Trump prosperity update
« Reply #472 on: February 09, 2018, 10:41:16 AM »
The Dow has little to do with Trump.  We know that because he was touting its climb.  He loves taking undeserved credit.  And it is stupid for Mornac to credit Trump for every bump upward.  But consider the source.  The tax cut for corporations paves the way for stock-buybacks.  The companies will use their tax savings to buy back shares of their own stock.  It was illegal until Reagan's term, because it was artificially inflating a stock price.  But it's legal now.  This was the unstated purpose of the tax cut, to enrich corporate shareholders, not create jobs.  It's a nuance lost on an ignoramus like Moronac and Holly.   

Offline SpaceCadet

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Re: Trump prosperity update
« Reply #473 on: February 09, 2018, 11:42:09 AM »
The Dow has little to do with Trump.  We know that because he was touting its climb.  He loves taking undeserved credit.  And it is stupid for Mornac to credit Trump for every bump upward.  But consider the source.  The tax cut for corporations paves the way for stock-buybacks.  The companies will use their tax savings to buy back shares of their own stock.  It was illegal until Reagan's term, because it was artificially inflating a stock price.  But it's legal now.  This was the unstated purpose of the tax cut, to enrich corporate shareholders, not create jobs.  It's a nuance lost on an ignoramus like Moronac and Holly.

It is indeed stupid.  And it's also wildly inaccurate to equate how the stock market is doing at any particular time to how the economy is doing overall.  But he doesn't understand any of that.

Online RealityHasALiberalBias

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Re: Trump prosperity update
« Reply #474 on: February 09, 2018, 11:43:24 AM »
The Dow has little to do with Trump.  We know that because he was touting its climb.  He loves taking undeserved credit.  And it is stupid for Mornac to credit Trump for every bump upward.  But consider the source.  The tax cut for corporations paves the way for stock-buybacks.  The companies will use their tax savings to buy back shares of their own stock.  It was illegal until Reagan's term, because it was artificially inflating a stock price.  But it's legal now.  This was the unstated purpose of the tax cut, to enrich corporate shareholders, not create jobs.  It's a nuance lost on an ignoramus like Moronac and Holly.

Facts don't faze cult followers. What Moronac, Holly, and Shit Hook have in common is their hatred of some amorphous thought bubble between their ears that they identify as "liberal." If you asked a million of them to define "liberal" you would get near a million different definitions, but they have been programmed by Koch and FoxNews propaganda to hate this thing in a knee jerk way. That's why Mornac credits his cult leader "for every bump upward" and that's why it doesn't matter to him or his fellow cult followers that Mornac is a liar and a racist and a xenophobe and a complete idiot.

Facts and logic have no currency with these losers and mopes. They will truly cut off their own noses to spite their faces.

Online RealityHasALiberalBias

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Re: Trump prosperity update
« Reply #475 on: February 09, 2018, 11:44:21 AM »
It is indeed stupid.  And it's also wildly inaccurate to equate how the stock market is doing at any particular time to how the economy is doing overall.  But he doesn't understand any of that.

You saw him trying to taunt you. That's what Mornac understands. That's it.

Online Hollybaere

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Re: Trump prosperity update
« Reply #476 on: February 09, 2018, 01:03:01 PM »
The Dow has little to do with Trump.  We know that because he was touting its climb.  He loves taking undeserved credit.  And it is stupid for Mornac to credit Trump for every bump upward.  But consider the source.  The tax cut for corporations paves the way for stock-buybacks.  The companies will use their tax savings to buy back shares of their own stock.  It was illegal until Reagan's term, because it was artificially inflating a stock price.  But it's legal now.  This was the unstated purpose of the tax cut, to enrich corporate shareholders, not create jobs.  It's a nuance lost on an ignoramus like Moronac and Holly.

President Trump and Republicans have repeatedly sold their tax bill to the public as a way to make American businesses more competitive so companies will turn around and hire more workers and raise wages. Critics of the plan say the massive reduction in the corporate tax rate from 35 to 21 percent, among other changes favoring business, will lead to more money in the hands of shareholders.

The Washington Post looked at what America’s 20 largest companies in the Fortune 500 say about taxes. Nearly all have vocally supported the GOP bill. Many say at least some of the extra money would probably go to shareholders via higher dividends. Other popular plans for additional cash include: looking for other companies to buy and paying down debt. Only two — AT&T and CVS — have made explicit promises to hire workers. Apple and Kroger executives have made vague statements that they would probably hire more people. Not a single company has said it will raise wages, although AT&T announced a one-time special bonus for workers after Trump signs the bill. As executives analyze the final 500-page bill, here’s what they say so far about their plans.

https://www.washingtonpost.com/graphics/2017/business/corporations-tax-cut-gop-tax-bill/?utm_term=.0d7137600688#
All truth passes through three stages:
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident.
� ARTHUR SCHOPENHAUER (1788-1860)
Dagon is an idiot!!

Those Who Sacrifice Liberty For Security, Deserve Neither- Benjamin Franklin

Offline Steve McGarrett

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Re: Trump prosperity update
« Reply #477 on: February 09, 2018, 01:12:03 PM »
I never got an answer from you about Paul Ryan and Marco Rubio declaring an assault on your Social Security and Medicare benefits.  I was wondering if you had an explanation. 


« Last Edit: February 09, 2018, 01:16:40 PM by Lt. Columbo »

Online Hollybaere

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Re: Trump prosperity update
« Reply #478 on: February 09, 2018, 04:36:47 PM »
I never got an answer from you about Paul Ryan and Marco Rubio declaring an assault on your Social Security and Medicare benefits.  I was wondering if you had an explanation. 




Yes you did. Go look for it.
All truth passes through three stages:
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident.
� ARTHUR SCHOPENHAUER (1788-1860)
Dagon is an idiot!!

Those Who Sacrifice Liberty For Security, Deserve Neither- Benjamin Franklin

Offline Steve McGarrett

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Re: Trump prosperity update
« Reply #479 on: February 09, 2018, 10:50:57 PM »
Yes you did. Go look for it.

Oh, yes, ma'am, I did look for it and for the life of me, I couldn't find it.  I saw some nonsense about Obama giving illegals Social Security, but no mention of Paul Ryan or Marco Rubio.  You called them liars and Trump haters, but that still leaves the loose end of their declarations to cut retirement benefits.  You know what I think?  I think you don't have an answer.  I think you know they're planning to cut your retirement programs and you don't care or you don't believe it could happen, because there are enough democrats working to save those programs for you.