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airdvr

The US economy added better-than-expected 250,000 jobs in October

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$1 billion annual deficit.
Increase in current account deficit.
increase in trade deficit.
Net wage increase only matching inflation.
Second year of declining life expectancy of Americans.
America's standing in the world has dropped

America, getting tired from so much winning.

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normiss

#ThanksObama!



Based on these numbers, it looks like a continuation of the recovery that has been going on since around 2012/2013:

How real is Trump's jobs 'miracle'? - http://www.bbc.co.uk/news/business-46075879

Edited to make it clicky.
"If you can keep your head when all around you have lost theirs, then you probably haven't understood the seriousness of the situation."
David Brent

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evilivan

***#ThanksObama!



Based on these numbers, it looks like a continuation of the recovery that has been going on since around 2012/2013:

How real is Trump's jobs 'miracle'? - http://www.bbc.co.uk/news/business-46075879

Enlighten us on what Obama did to create this.
Please don't dent the planet.

Destinations by Roxanne

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airdvr

******#ThanksObama!



Based on these numbers, it looks like a continuation of the recovery that has been going on since around 2012/2013:

How real is Trump's jobs 'miracle'? - http://www.bbc.co.uk/news/business-46075879

Enlighten us on what Obama did to create this.

Maybe my quoting normiss was a little misleading; my point wasn't so much that Obama did anything (I honestly don't know enough about the detail); I was just pointing out the the trends in both job growth and lower unemployment have been pretty linear since about 2012/2013 -according to the graphs in the article I linked.

The point being that there hasn't been a major turnaround since Trump came in; the trend was there for several years before that, and has remained relatively linear since.
"If you can keep your head when all around you have lost theirs, then you probably haven't understood the seriousness of the situation."
David Brent

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Quote

Enlighten us on what Obama did to create this.



Obama did nothing special tp create this... just like Trump has also done nothing special to create this.

The economy of the USA and the world is not actually in the hands of a single person, even the president.

Despite the common belief that somehow everything good and bad is the responsibility of the president and within their realm of control.

The economy would have recovered starting in the 2010-2013 period regardless of who was in office, and would likely have continued to recover.

If you are going to hand the credit to single person for the good stuff, then arguably you also have to hand the credit for the not-so-good stuff as well.

That is called 'logical'.

Trump gets some credit for the low unemployment rate. He also gets some of the blame therefore for the high deficit, trade wars and other dumpster fires that he is creating every day.

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During the election Obama gave a speech where he stated there was no way the traditional jobs would return, "who could do that, how could it be done?"

One of Obama's problems is he had/has no real job experience and no knowledge of how to accomplish anything. He's never had a real job, run a business, had to create or produce - thus no vision. Being a community organizer he learned how to give great speeches - speeches don't = accomplishments.

Well, guess what, Trump has experience and he is doing what Obama couldn't even imagine.

Killary stated that coal jobs were gone, they are never coming back - wrong again. Recent report shows increase in mining jobs.

Michele recently continued to state that what we need is hope, hope. What a crock - hope doesn't accomplish anything without leadership.

I'm not thrilled with everything Trump does but give him credit where it's earned. Everything he's done is the things he said he would do. First politician in history!!

Economy, jobs, and national security.
Give one city to the thugs so they can all live together. I vote for Chicago where they have strict gun laws.

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billeisele

During the election Obama gave a speech where he stated there was no way the traditional jobs would return, "who could do that, how could it be done?"


Are they returning?

Quote

Well, guess what, Trump has experience and he is doing what Obama couldn't even imagine.


But again, jobs were increasing under Obama at the same rate as under Trump. What is Trump doing to the jobs market that Obama wasn't?

Quote

Killary stated that coal jobs were gone, they are never coming back - wrong again. Recent report shows increase in mining jobs.


How many, and for how long?

Quote

I'm not thrilled with everything Trump does but give him credit where it's earned. Everything he's done is the things he said he would do. First politician in history!!


But you've got that backwards. It's supposed to be, he's done everything he said he would do - and on that score he's falling far, far short.

To be honest though, even making the claim your way around is, quite frankly, crazy. He's done a heck of a lot of things he either didn't say he would do, or said he wouldn't do.
Do you want to have an ideagasm?

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Killary stated that coal jobs were gone, they are never coming back - wrong again. Recent report shows increase in mining jobs.


Coal jobs are gone and they are never coming back. She was right. Even with Trump going to great lengths to subsidize coal power plants, coal mining jobs are on the decline.

Too bad we now have a president who is far more often wrong than right.
====================================
Coal industry mired in decline despite Trump pledges
By Reid Wilson - 03/04/18
The Hill

President Trump has moved aggressively in his first year in office to roll back regulations he says have harmed America’s coal miners. But the industry itself remains mired in long-term decline, a downturn that one of Trump’s own government agencies predicts will only worsen over time.

New projections from the Energy Information Agency (EIA) estimate that Americans will be less dependent on coal, that coal production will fall, and that coal capacity in the nation’s power plants is likely to decline in coming years, according to an annual report released last month.

The war on coal, in short, is over. And coal lost.
. . .
“Coal in the U.S. is in secular decline. It’s more than regulation, and it’s more than environmental concerns,” said Anna Zubets-Anderson, a vice president and senior analyst at Moody’s Investors Services.

“The deregulation push is not something we think makes a material impact,” said Molly Shutt, a commodities analyst at BMI Research.

That’s not to say the administration hasn’t tried to aid the coal industry. In the last year, Trump put the brakes on the Obama administration’s Clean Power Plan, which created new environmental requirements for coal-fired power plants. In his first weeks in office, he signed legislation overturning the Obama-era Stream Protection Rule.

“The regulatory issues are what the president can do right now,” said Travis Deti, executive director of the Wyoming Mining Association. “The channels of communications are open again between the industry and the agencies.”

But, Deti added, “The years of mining 400 million tons of coal per year, those days are gone. We’re in a new normal.”
==============================

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No one is arguing that adding 250,000 jobs isn't good. We're arguing whether it is because of Trump's genius. We are also pointing out the negative things Trump's policies have caused, like the massive additional debt we have taken on.

- Dan G

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motionscribe

Quote

The US economy added 250,000 jobs in October



Awesome! Let's find some ways to argue about it since life is so good and have nothing better to do. . .



Truth there. America is so rich successful and spoiled that it's citizens need to have these fights because they need the stimulation.
Always remember the brave children who died defending your right to bear arms. Freedom is not free.

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airdvr

******#ThanksObama!



Based on these numbers, it looks like a continuation of the recovery that has been going on since around 2012/2013:

How real is Trump's jobs 'miracle'? - http://www.bbc.co.uk/news/business-46075879

Enlighten us on what Obama did to create this.

Why President Trump's Tax Cuts Are Making The U.S. Trade Deficit Bigger
https://www.forbes.com/sites/francescoppola/2018/08/31/why-president-trumps-tax-cuts-are-making-the-trade-deficit-bigger/#3d4424d148e3

How Debt Could Blow Up the Trump Economy
http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/

Companies invest in the "tools of production" i.e. Capex when taxation and economic prospects are favorable for sound returns on investment. None of which is happening. All of which was forecast by economists before the tax cuts were implemented.


Unexpected Drop in U.S. Worker Productivity Casts Doubt on Trump’s Economic Target

http://dc.medill.northwestern.edu/blog/2018/02/01/unexpected-drop-u-s-worker-productivity-casts-doubt-trumps-economic-target/#sthash.ce2L7V7l.dpbs

So How Are Trump’s Tax Cuts Actually Working Out for the Economy?
https://observer.com/2018/08/trump-tax-cuts-drive-stock-buybacks/
But new studies show that the extra profits reaped by corporations from the tax cuts are going in a different direction. Instead of the money being spent on workers and job creation, corporations have amped up buybacks—investing in their own stock.

Ever since the new tax law was signed on December 22 of last year, announcements of plans to buy back stock have poured out of Wall Street. A newly released report from POLITICO shows that CEOs have overwhelmingly used the extra capital generated from Trump’s reduction of the corporate tax rate for “insider sales.”

Read, learn and be "enlightened".

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Phil1111

$1 billion annual deficit.


America, getting tired from so much winning.



I believe it's closer to $1 TRILLION, and forecast by the nonpartisan CBO to continue rising after a decline during the Obama years:

www.cnbc.com/2018/10/15/us-budget-deficit-expands-to-779-billion-in-fiscal-2018-as-spending-surges.html
...

The only sure way to survive a canopy collision is not to have one.

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kallend

***$1 billion annual deficit.


America, getting tired from so much winning.



I believe it's closer to $1 TRILLION, and forecast by the nonpartisan CBO to continue rising after a decline during the Obama years:

www.cnbc.com/2018/10/15/us-budget-deficit-expands-to-779-billion-in-fiscal-2018-as-spending-surges.html

Quite right, In addition unfunded corporate pension liabilities are not included in the national debt.

S&P 500’s Biggest Pension Plans Face $382 Billion Funding Gap
https://www.bloomberg.com/graphics/2017-corporate-pensions/

Your Pension Is a Lie: There's $210 Trillion Of Liabilities Our Government Can't Fulfill
https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/#1dead00c65b1

Instead of closing the gap US companies are buying back stock and issuing dividends

Nor, US state unfunded pension liabilities.

How Big Is Your State’s Share of $6 Trillion in Unfunded Pension Liabilities?
https://www.heritage.org/budget-and-spending/commentary/how-big-your-states-share-6-trillion-unfunded-pension-liabilities

Debt Myths, Debunked
The "government" is composed of federal, state and local governments, government agencies and government-sponsored enterprises. Ultimately, taxpayers are responsible for all these bodies' debts. The federal government's financial obligations total about $120 trillion. U.S. state and local governments officially owe $3 trillion and have another $5 trillion in unfunded liabilities themselves. Federal agencies and government sponsored enterprises owe another $8 trillion, which is not included in the federal government's numbers. This brings total U.S. government obligations to over $135 trillion, conservatively estimated.
https://www.usnews.com/opinion/economic-intelligence/articles/2016-12-01/myths-and-facts-about-the-us-federal-debt
.

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Phil1111


Quite right, In addition unfunded corporate pension liabilities are not included in the national debt.

S&P 500’s Biggest Pension Plans Face $382 Billion Funding Gap
https://www.bloomberg.com/graphics/2017-corporate-pensions/

Your Pension Is a Lie: There's $210 Trillion Of Liabilities Our Government Can't Fulfill
https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/#1dead00c65b1

Instead of closing the gap US companies are buying back stock and issuing dividends

Nor, US state unfunded pension liabilities.

How Big Is Your State’s Share of $6 Trillion in Unfunded Pension Liabilities?
https://www.heritage.org/budget-and-spending/commentary/how-big-your-states-share-6-trillion-unfunded-pension-liabilities

Debt Myths, Debunked
The "government" is composed of federal, state and local governments, government agencies and government-sponsored enterprises. Ultimately, taxpayers are responsible for all these bodies' debts. The federal government's financial obligations total about $120 trillion. U.S. state and local governments officially owe $3 trillion and have another $5 trillion in unfunded liabilities themselves. Federal agencies and government sponsored enterprises owe another $8 trillion, which is not included in the federal government's numbers. This brings total U.S. government obligations to over $135 trillion, conservatively estimated.
https://www.usnews.com/opinion/economic-intelligence/articles/2016-12-01/myths-and-facts-about-the-us-federal-debt
.



On a related topic, PBS Frontline had a recent story on unfunded pensions at the state level: https://www.pbs.org/wgbh/frontline/film/the-pension-gamble/
"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

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ryoder

***He's a twunt



I had to google that.
I learned a new word today!:D

Reminds me of a word game we played as kids. Fill in the blanks changing only one letter at a time:

Twunt
T*u**
T*u**
Trump
...

The only sure way to survive a canopy collision is not to have one.

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