Jump Menu:
Post Reply
Page 21 of 21  •  Prev 1 ... 16 17 18 19 20 21
Right-Wing Socialism Part 2
1 day ago  ::  Apr 10, 2021 - 11:18AM #201
louisiana_lightning
Posts: 20,554

Apr 10, 2021 -- 11:11AM, NY23 wrote:


Apr 10, 2021 -- 10:36AM, NW wrote:


Apr 10, 2021 -- 10:03AM, NY23 wrote:


Apr 10, 2021 -- 9:54AM, NW wrote:


Apr 10, 2021 -- 9:32AM, NY23 wrote:


Apr 10, 2021 -- 6:54AM, louisiana_lightning wrote:


Apr 9, 2021 -- 8:21PM, NY23 wrote:


Apr 9, 2021 -- 7:51PM, NW wrote:


Apr 9, 2021 -- 9:47AM, NY23 wrote:




Trump's tax cuts benefitted 68% of all Americans and that doesn't include the benefits such as decreased unemployment that benefitted many more Americans.  Over half of Biden's "infrastructure" plan does nothing to address infrastructure.




Doing what con artists do: rewriting history.  Who cares how many people benefitted from Plutocratic Socialist Donnie's tax scam, if most of the benefits were geared to the rich, after being advertised by Lying Donnie as the tax cuts being geared towards the middle class?


How The CARES Act Became A Tax-Break Bonanza For The Rich, Explained


www.npr.org/2020/04/30/848321204/how-the...


While Obama/Biden slashed the unemployment rate to 4.7%, the Worst President Ever Donnie left office with the worst jobs record since Herbert Hoover.


fortune.com/2021/01/11/us-economy-jobs-n...



The party of stupid is too stupid to understand what constitutes infrastructure.




You are joking right?  You are comparing unemployment numbers froma global pandemic?  Wow  Exactily what states and localities had the worst jobs records?




Still being an apologist for the Worst President Ever Donnie.  Plutocratic Socialist Donnie kept taking credit for an economy that he inherited and then when the global pandemic struck, he made a bad situation worst by his gross incompetence.




Trump inherited a stagnant economy, especially in urban areas and communities of color.  What he did was lower the unemployment rate in communities of color to the lowest in recent history.  It's amazing that a Republican administration did more for black Americans than a Democratic black president, but they still continue to vote Democrat.




That is pure BS. But that is what con artists do.




Unfortunately, the numbers actually show that it's not BS ... but don't let the facts get in the way of your shouting down the truth.




Now let's get back to reality instead of the delusions of Sociopathic Narcissist Donnie:


Not so in 2009. It took some time for the economy to stabilize and consumers to regain their confidence because of the economic devastation. Early-to-mid 2010 saw the resumption of employment growth and the long-term trend toward lower unemployment. The jobless rate steadily declined from 10 percent in 2010 to 4.7 percent, when Obama left office in January 2017, although as the chart attests, there were a few minor hiccups along the way.





During Trump’s first three years in office the unemployment rate declined from 4.7 percent to 3.5 percent — a 1.2 percentage point decline — quite satisfactory but nothing earth-shaking as his administration would like you to believe. If you look at the chart, 2017-2019 is an extension of the same downward trend (momentum) in the unemployment rate that began in 2010. Moreover, the slope flattens a bit during Trump’s tenure implying that the job creation rate was a bit slower under his tenure. According to Bureau of Labor Statistics data, 6.6 million non-farm jobs were created during Trump’s three years ending 2019, while 8.1 million jobs were created during Obama’s preceding three years.


The Trump propaganda machine would like us to believe that he took a hopeless and hapless economy and swiftly turned it around. As you can see, the data does not bear this out. He inherited a growing economy with unemployment trending down.


www.tampabay.com/opinion/2020/10/23/a-ch...



As Biden takes office the economy is struggling and job growth has stalled.


Employment — After losing 22.1 million jobs in March and April, the economy regained 12.1 million from May through November — but then lost 140,000 jobs in December.


The number of Americans employed in December was 142 million, or 3 million fewer than when Donald Trump became president and 9.8 million below the pre-recession peak in February.


Unemployment — The unemployment rate stood at 6.7% last month — well above the historical norm of 5.6%, which is the median rate for all months since 1948.


The number of people officially listed as unemployed stood at 10.7 million in December, about where it was just over seven years earlier when the nation was recovering from the Great Recession of 2007-2009.


And the rate would be even higher but for the fact that 3.9 million people have stopped looking for work since February and are no longer part of the labor force. The unemployment rate is the percentage of those adults in the labor force who have looked for work in the previous four weeks.


That exodus pushed the labor force participation rate down to 61.5% in December, which is 1.3 percentage points lower than it had been when Trump took over from President Barack Obama. That rate is the portion of the entire civilian population age 16 and older that is either employed or currently looking for work in the last four weeks.


www.factcheck.org/2021/01/what-president...







Both Obama and Biden have the benefit of taking office during a rebound from tremendous market distortions.  They still manage to screw it up a lot but about a million people were vaccinated the day Joe took office, I would think people would be returning to work unless we over incentivize not working.

1 day ago  ::  Apr 10, 2021 - 11:50AM #202
NY23
Posts: 13,805

[/quote]


Unfortunately, the numbers actually show that it's not BS ... but don't let the facts get in the way of your shouting down the truth.


[/quote]


Now let's get back to reality instead of the delusions of Sociopathic Narcissist Donnie:


Not so in 2009. It took some time for the economy to stabilize and consumers to regain their confidence because of the economic devastation. Early-to-mid 2010 saw the resumption of employment growth and the long-term trend toward lower unemployment. The jobless rate steadily declined from 10 percent in 2010 to 4.7 percent, when Obama left office in January 2017, although as the chart attests, there were a few minor hiccups along the way.





During Trump’s first three years in office the unemployment rate declined from 4.7 percent to 3.5 percent — a 1.2 percentage point decline — quite satisfactory but nothing earth-shaking as his administration would like you to believe. If you look at the chart, 2017-2019 is an extension of the same downward trend (momentum) in the unemployment rate that began in 2010. Moreover, the slope flattens a bit during Trump’s tenure implying that the job creation rate was a bit slower under his tenure. According to Bureau of Labor Statistics data, 6.6 million non-farm jobs were created during Trump’s three years ending 2019, while 8.1 million jobs were created during Obama’s preceding three years.


The Trump propaganda machine would like us to believe that he took a hopeless and hapless economy and swiftly turned it around. As you can see, the data does not bear this out. He inherited a growing economy with unemployment trending down.


www.tampabay.com/opinion/2020/10/23/a-ch...



As Biden takes office the economy is struggling and job growth has stalled.


Employment — After losing 22.1 million jobs in March and April, the economy regained 12.1 million from May through November — but then lost 140,000 jobs in December.


The number of Americans employed in December was 142 million, or 3 million fewer than when Donald Trump became president and 9.8 million below the pre-recession peak in February.


Unemployment — The unemployment rate stood at 6.7% last month — well above the historical norm of 5.6%, which is the median rate for all months since 1948.


The number of people officially listed as unemployed stood at 10.7 million in December, about where it was just over seven years earlier when the nation was recovering from the Great Recession of 2007-2009.


And the rate would be even higher but for the fact that 3.9 million people have stopped looking for work since February and are no longer part of the labor force. The unemployment rate is the percentage of those adults in the labor force who have looked for work in the previous four weeks.


That exodus pushed the labor force participation rate down to 61.5% in December, which is 1.3 percentage points lower than it had been when Trump took over from President Barack Obama. That rate is the portion of the entire civilian population age 16 and older that is either employed or currently looking for work in the last four weeks.


www.factcheck.org/2021/01/what-president...





[/quote]

Both Obama and Biden have the benefit of taking office during a rebound from tremendous market distortions.  They still manage to screw it up a lot but about a million people were vaccinated the day Joe took office, I would think people would be returning to work unless we over incentivize not working.


[/quote]


Market distortions and incentives not to work like this, as promoted by plutocratic socialists:


Richest 1% of Americans Close to Surpassing Wealth of Middle Class



  • Historic low interest rates boosting riches of top households
  •  

    Poorest have 35.7% of liabilities and just 6.1% of assets


www.bloomberg.com/news/articles/2019-11-...
3 hours ago  ::  Apr 11, 2021 - 2:23PM #203
bertram
Posts: 14,730

The legacy playbook left by Ronnie Raygun...the gift that keeps on taking.

Page 21 of 21  •  Prev 1 ... 16 17 18 19 20 21
Jump Menu:
 
    Viewing this thread :: 0 registered and 1 guest
    No registered users viewing

Yankees Forum