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The Trump Economy


GG

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1 hour ago, Koko78 said:

 

Then the answer for the contractor becomes 'money up front or call someone else'.

The challenge is for many if the smaller contractors that working for the large developers was where the money is. For many, they wrote off the delays as just a cost of doing business. I have met more than a few who chose to pursue other careers. 

 

As for the State, it's a large employer in Albany and the tentacles are everywhere.  The specific case referenced was an emergency contamination job out near Amsterdam, and that client was totally dumbfounded by the delay. Fortunately they had the ability to carry the load but many do not. 

 

The common refrain is "sue 'em", but for some reason those damn attornies always want their koko beans up front. ?

 

 

 

 

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so, Trump starting to get in front of the  slowing economy...certainly a smart move on his part

 

https://www.washingtonpost.com/politics/2019/08/20/trump-admits-his-trade-war-could-lead-recession-says-i-have-do-it/

 

Quote

He suggested he was doing something his predecessors should have done. “My life would be a lot easier if I hadn’t taken China on. But I like doing it because I have to do it,” he said, maintaining that the stock market could be 10,000 points higher if he hadn’t.

So, if we could get Trump to drop the trade crap and the market would go up by 10K, I would retire and join the Trump 2020 campaign and be in the tank for him more  than most you chuckleheads on this board?

 

Problem is he is now talking payroll tax cut to stimulate growth, adding to an already ballooning  deficit .Should the economy not be able to grow organically and really need this jolt only 19 months after the tax cuts? Or is Trumps only plan to increase  government spending to keep GDP growth above 2%, reduce revenues..and screw the future

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3 minutes ago, Buffalo_Gal said:


 Holy ***** people are brainwashed. You'd think interest rates were at 15%, inflation was riding at 11%, and unemployment was at 10% the way people are waaa waaa waaaa-ing about the economy.



 

it was your boy saying his trade war with China could cause a recession and he was looking at payroll tax cuts to try and ward off a slowing economy...so is Trump brainwashed by his own policies?

 

BTW, that was certainly the horse Trump rode in on when it came to the very good economy he inherited...and all i heard from Trump folks was how awful the economy was

 

 

goose+gander?

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7 minutes ago, plenzmd1 said:

it was your boy saying his trade war with China could cause a recession and he was looking at payroll tax cuts to try and ward off a slowing economy...so is Trump brainwashed by his own policies?

 

BTW, that was certainly the horse Trump rode in on when it came to the very good economy he inherited...and all i heard from Trump folks was how awful the economy was

 

 

goose+gander?


He inherited a good economy? :blink: You know, you may want to tell that to those people that were working two jobs to make up for the FT income they lost when  ObamaCare blew 40 hour a week jobs to hell - when they could find a job that is as so many people were out of work and shoved onto welfare.

The US/China trade war could cause a recession, and it might not.  And the MSM screeching the economy is slowing could cause a recession, and it might not. And  a host of other things could cause a recession, or they might not.

Honestly? I have no idea how long the US can continue to keep up a decent economy. My guess is the Trump Administration has cut about as many regulations as possible to allow work to  proceed in the United States without stupid government regulations interfering (a lot of people attributed that to jobs returning and a healthy economy - simply cutting out all the red tape written up from 2008-2016), and it is a global economy (like it or not) and the global economy blows right now. 

So, enjoy it while it lasts. Stop running around with your hair on fire. Yes, look for real warning signs to make certain your job is secure, and so are your investments. But stop being a Debbie Downer because the MSM is telling you to be.

 

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20 minutes ago, plenzmd1 said:

it was your boy saying his trade war with China could cause a recession and he was looking at payroll tax cuts to try and ward off a slowing economy...so is Trump brainwashed by his own policies?

 

BTW, that was certainly the horse Trump rode in on when it came to the very good economy he inherited...and all i heard from Trump folks was how awful the economy was

 

 

goose+gander?

 

The tariffs are a good example of short term pain long term gain. 

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4 minutes ago, Buffalo_Gal said:


He inherited a good economy? :blink: You know, you may want to tell that to those people that were working two jobs to make up for the FT income they lost when  ObamaCare blew 40 hour a week jobs to hell - when they could find a job that is as so many people were out of work and shoved onto welfare.

The US/China trade war could cause a recession, and it might not.  And the MSM screeching the economy is slowing could cause a recession, and it might not. And  a host of other things could cause a recession, or they might not.

Honestly? I have no idea how long the US can continue to keep up a decent economy. My guess is the Trump Administration has cut about as many regulations as possible to allow work to  proceed in the United States without stupid government regulations interfering (a lot of people attributed that to jobs returning and a healthy economy - simply cutting out all the red tape written up from 2008-2016), and it is a global economy (like it or not) and the global economy blows right now. 

So, enjoy it while it lasts. Stop running around with your hair on fire. Yes, look for real warning signs to make certain your job is secure, and so are your investments. But stop being a Debbie Downer because the MSM is telling you to be.

 

There is not much that pisses me off, but that does. Stop blindly believing the economy was bad cause Trump told you so !

1 minute ago, Chef Jim said:

 

The tariffs are a good example of short term pain long term gain. 

so you not a free trade guy?

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10 minutes ago, Buffalo_Gal said:


He inherited a good economy? :blink: You know, you may want to tell that to those people that were working two jobs to make up for the FT income they lost when  ObamaCare blew 40 hour a week jobs to hell - when they could find a job that is as so many people were out of work and shoved onto welfare.

The US/China trade war could cause a recession, and it might not.  And the MSM screeching the economy is slowing could cause a recession, and it might not. And  a host of other things could cause a recession, or they might not.

Honestly? I have no idea how long the US can continue to keep up a decent economy. My guess is the Trump Administration has cut about as many regulations as possible to allow work to  proceed in the United States without stupid government regulations interfering (a lot of people attributed that to jobs returning and a healthy economy - simply cutting out all the red tape written up from 2008-2016), and it is a global economy (like it or not) and the global economy blows right now. 

So, enjoy it while it lasts. Stop running around with your hair on fire. Yes, look for real warning signs to make certain your job is secure, and so are your investments. But stop being a Debbie Downer because the MSM is telling you to be.

 

Yes.

 

Trump inherited a good economy and has been riding the coattails off Obama's economy.

 

Plenty of people still have to work 2 jobs even in the Trump economy, where the wealth gap is growing.

 

And while Obama had to stimulate our economy to pull us out of the Great Recession, Trump stimulated the economy (basically for a year) with an ill-conceived tax cut where the wealthiest reaped the rewards.

 

And now Trump is talking about a payroll tax because the jackass cares more about being reelected than the longterm economic health of this country.

 

The guy is such a moron.  We have a moron for a President.

 

Luckily we can/will get him out of office in a year or so.

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2 minutes ago, transplantbillsfan said:

 

Yes.

 

Trump inherited a good economy and has been riding the coattails off Obama's economy.

 

Plenty of people still have to work 2 jobs even in the Trump economy, where the wealth gap is growing.

 

And while Obama had to stimulate our economy to pull us out of the Great Recession, Trump stimulated the economy (basically for a year) with an ill-conceived tax cut where the wealthiest reaped the rewards.

 

And now Trump is talking about a payroll tax because the jackass cares more about being reelected than the longterm economic health of this country.

 

The guy is such a moron.  We have a moron for a President.

 

Luckily we can/will get him out of office in a year or so.


The Obama economy ***** sucked. It sucked so  bad a record number of people were sitting home on their asses collecting welfare.  And you are right,  Obama was a ***** moron. 

 


 

Edited by Buffalo_Gal
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Just now, Buffalo_Gal said:


??? Under Obama? I sorta lived it. Obama and his economy was ***** awful. 

I strongly, strongly disagree. Shoe me any meaningful metric that the economy os better under Trump than the last 4 years of Obama. I will give the last 12 months we are finally starting to see some real wage growth, which is fantastic. Outside of that, we had the slight bump in manufacturing due to the tax cuts, but that group is now in  technical recession

 

https://www.marketwatch.com/story/us-industrial-production-slumps-in-second-quarter-2019-07-16

 

GDP Growth, Job Growth, both about the same as under Obama..but take out government spending increases and that disappears. I will give you Trump talked a better game the Obama, and made people feel better, which is a key component. But now that people are starting to understand the tax had little impact on long term growth and the deficit is exploding and business investment has slowed dramatically, i believe it will start to affect consumer confidence and that is the only thing keeping this economy afloat right now..hence the payoll tax cut

 

 

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Just now, plenzmd1 said:

I strongly, strongly disagree. Shoe me any meaningful metric that the economy os better under Trump than the last 4 years of Obama. I will give the last 12 months we are finally starting to see some real wage growth, which is fantastic. Outside of that, we had the slight bump in manufacturing due to the tax cuts, but that group is now in  technical recession

 

https://www.marketwatch.com/story/us-industrial-production-slumps-in-second-quarter-2019-07-16

 

GDP Growth, Job Growth, both about the same as under Obama..but take out government spending increases and that disappears. I will give you Trump talked a better game the Obama, and made people feel better, which is a key component. But now that people are starting to understand the tax had little impact on long term growth and the deficit is exploding and business investment has slowed dramatically, i believe it will start to affect consumer confidence and that is the only thing keeping this economy afloat right now..hence the payoll tax cut

 

 


Repealing the ObamaCare tax alone was worth something to people (I say this as part of the first group that was ***** over on ObamaCare). I'd love to know real numbers on how many people are now working one 40 hour work week versus two below 32 hours work weeks when ObamaCare came about.

What is better? This is just snap.



 

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11 hours ago, GG said:

 

Very emblematic too.  Spend cash to influence a $50 billion market cap company, and spend no cash to influence a $1 trillion market cap company. 

 

Which one has a greater on total wealth creation if there's a 1% jump?

 

That is in essence the difference in thinking that a government can do a better job in dictating the economy over the private sector.

No one said "better job." I'm just happy you now agree government does create wealth....?

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11 minutes ago, TPS said:

No one said "better job." I'm just happy you now agree government does create wealth....?

 

You’ve never made this argument compelling.

 

Governments create conditions, through force of law, which either fosters an environment conducive to business, or it does not.

 

You’re arguing that babies come from the mattress factory.

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44 minutes ago, Buffalo_Gal said:


The Obama economy ***** sucked. It sucked so  bad a record number of people were sitting home on their asses collecting welfare.  And you are right,  Obama was a ***** moron. 

 


 

 

You living in 2015?

 

"We have a moron for a President."

 

There wasn't even the opportunity to rhetorically play around with that in the context of what I said.

 

You're better than that.

 

The Obama Administration literally stopped a speeding freighttrain going the wrong direction in the form of our economy thanks to previous administrations in his first term and did so in 10 months, after which point we haven't seen a single month of job losses.

 

Here, might be easier visually for you to see that Trump is really just a continuation of Obama

2300.jpg?v=1537286005.557797

2300.jpg?v=1537211621.909164

2300.jpg?v=1537215901.955102

2300.jpg?v=1537208498.783325

U.S. unemployment rate

U.S. employment

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1 minute ago, transplantbillsfan said:

 

You living in 2015?

 

"We have a moron for a President."

 

There wasn't even the opportunity to rhetorically play around with that in the context of what I said.

 

You're better than that.

 

The Obama Administration literally stopped a speeding freighttrain going the wrong direction in the form of our economy thanks to previous administrations in his first term and did so in 10 months, after which point we haven't seen a single month of job losses.

 

Here, might be easier visually for you to see that Trump is really just a continuation of Obama

2300.jpg?v=1537286005.557797

2300.jpg?v=1537211621.909164

2300.jpg?v=1537215901.955102

2300.jpg?v=1537208498.783325

U.S. unemployment rate

U.S. employment

 

 

Ummm your thnk those graphs help your contention that the Obama economy was good? :wacko:

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13 minutes ago, Buffalo_Gal said:

 

 

Ummm your thnk those graphs help your contention that the Obama economy was good? :wacko:

 

Good is relative.

 

Do you think Trump's economy is good?

 

This is more that Trump has Obama to thank for an economy that had been trending in the right direction for a substantial period of time--like more than 6 years--before Trump took office and started bragging the economy has only been good for the last 2 1/2 years.

 

What a dumbass.

 

EDIT: I'm calling Trump a dumbass, not you... just to clarify  :thumbsup:

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2 hours ago, TakeYouToTasker said:

 

You’ve never made this argument compelling.

 

Governments create conditions, through force of law, which either fosters an environment conducive to business, or it does not.

 

You’re arguing that babies come from the mattress factory.

It's not compelling for people who think the government must borrow before it can spend.  Governments that control and issue their own currency stimulate greater wealth creation by the private sector when they spend more than they tax in any given year (aka deficit spending).

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