Another Job Boom Proves Trump’s Critics Wrong Again

Anthony Scaramucci
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Posted: Jan 15, 2019 9:42 AM

https://townhall.com/columnists/ant...ebf8031cef6d4d2983b40f098ffa5af&recip=6763200

 

Prosperity bad. Jobs bad. Wages rising rather than declining bad. Trump bad.

 

More great news for the American people....which means more bad news for the DNC

 

I'm not sure why you folks find it so difficult to appreciate it was well understood a tax cut would juice an economy already growing at 2-3%. Not only that, but boost corporate profits. It's Econ 101.

What you don't want to discuss is how the jobs growth and rise in stock prices was achieved. Namely, deficit spending. Deficit spending which is unusual for a period of time when GDP is growing.........which typically corresponds to shrinking deficits as it did during previous admins.

Any prez of either party can stimulate the economy with a tax cut if Congress goes along. It's not a mystery nor is it some sort of economic miracle. Stimulative action is traditionally reserved for times when GDP is shrinking. But Don thought he could buy midterm votes with taxpayer money. He was wrong. Imagine how bad the GOP would have done without the effect of the tax cut to the economy.

I'm sure I don't need to mention the hypocrisy of congressional Repubs turning a blind eye to the longer term consequences of the tax cut after screaming about the debt while Dems are in the WH.

U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates, CBO Says

https://www.bloomberg.com/news/arti...cit-to-balloon-to-1-trillion-by-2020-cbo-says

 

Yep. 100 straight months of job growth in America.

Wages up 3.2%, inflation at 1.9% nets out at 1.3% wage increase.

Not bad. Nothing to go into a trumpian swoon over tho.

'Course there is trump's small 10% increase in the national debt adding $2Trillion to the taxpayer's bill.

 

The President has done a good job promoting the economic growth begun during Obama's Presidency.

 

IF THE ECONOMY IS BOOMING WHY are corporate debt and personal debt at all time highs????It would seem that if people are flush with cash, as the right wing claims, DEBT SHOULD BE SHRINKING NOT GROWING???

 

Really?

THIS is your answer?

You guys said before that "there is no magic wand", and now you are trying to flip flip and say "anyone can cut taxes an see growth"


HAHAHAHAHAHAHAHAHAHAHA

 

NPC comment

Trying to spin away from the fact that all this economic new is FANTASTIC makes you Progressives look terrible.

It's so obvious that you don't want what is best for the country, only what is best for your power.

 

And yes another NPC

 

Of course we want the best for the country and you should be willing to accept that "progressives" have contributed to the economic growth of the last 100 months:
"It is fair, for instance, for Obama to suggest that the recession ended and the economy started growing again on his watch. In fact, if you were to chart various economic indicators on a graph, you would be hard pressed to find exactly where the Obama presidency ended and Trump’s began. To cite just one example, the U.S. economy created nearly 4 million jobs in the last 18 months of Obama’s term, virtually indistinguishable of the first 18 months of Trump’s.
https://www.usatoday.com/story/opin...trump-barack-obama-economy-column/1413881002/

 

many layoffs and then low wage replacements or jobs going overseas... Sad trump supporters see this as a plus

the trump economy is just starting to go into effect, and it's a slowing down of Obama's growing economy

 

Tax receipts have gone up. The deficit is due to spending too much money.

 

cause they are spinning the numbers and they know it

remember the Bush admin claimed the economy doing great right up until the crash

"Bush denies U.S. economy in recession"

http://politicalticker.blogs.cnn.com/2008/04/22/bush-denies-us-economy-in-recession/

 

The unemployment rate was 4.7% the day Dirty Donald took over on January 20,2017.It has now declined by 1% to 3.7% over the past 2 years.BIG DEAL????I think not.

 

Summed up this way.

INCORRECT

 

Today since PBS eliminated me and others from being able to chat to each other on live programming yesterday, I have been e mailing others on PBS to see if they too are not able to chat. So I walked today to speak to TJ, from mainland China and asked him to use his computer to see if he could chat. HE was not familiar with PBS on youtube. So he spent a few moments with me and updated me on China.

PBS blocked him too though he had never used the PBS site ever. He told me he does listen to PBS on radio though.

So he can't even see a chat on PBS.

Well we then talked about China. He says Trump, whom he did not vote for, and he voted for Gary Johnson instead, is hitting this just right. Says he works with China daily but has only had good results with Trump's policies. He also informed me what is going on at Hong Kong since our news seems not interested. I will issue a separate report. TJ and another mainland Chinese guy work together. Both agree on Trump and feel the Democrats slash and burn tactics on Trump are stupid and so wrong.

Watch for report on Hong Kong to appear a bit later in the day.

 

Wait, I played a huge role in explaining both G.W. Bush plus Obama.

Democrats peppered the internet with false stories about both presidents.

True. Bush had an outstanding economy up to the point the housing industry took a nose dive.

The nose dive in no way was caused by Bush and nobody could fix it fast. Obama proved it by the market sagging until Trump became president. Today the market is sagging now but not due to Trump.

Being president does not mean the president did it. A good case was Bill Clinton who arrived to a good housing market yet he too slumped a lot. I was doing close to a thousand appraisals per year under Clinton. I never put the blame on Clinton at all. But factually Democrats never blame him nor even criticize him for his lousing housing market.

Bush changed tax laws and this truly gave a huge boost to the housing market. Still i never would put on my reports he should take all the credit, but a lot of it.

The housing market took a huge hit the day Lehman Brothers collapsed. Some fault Bush for not saving the company yet it was Lehman spewing out an enormous fountain of subprime loans and they would loan to a just dead person, well not true but to make my point.

What I saw done by Lehman should have been illegal. Bush worked hard to get Lehman to fly right but Democrats we suffer even today kept supporting Lehman.

Democrats also supported the now believed corruption at Fannie Mae. Drag down Fannie and down goes Freddie Mac and Ginny Mae. It is a house of cards then but not today.

Why did Obama's employment numbers climb? Government cuts off the unemployed the day their benefits end. So we had millions who could not be paid for being out of work that lost all hope of getting a job that counted.

The numbers improved by people going off employment yet not working at all. Also if you were a part time worker, those were hosed as well.

Why is it Democrats lie about Trump.

For the hell of it.

Workers not able to find any job under Obama have found that now they can finally locate a job. So they are counted now. Obama quit counting them.

Trumps employed workers are setting records by getting jobs. As the disgusted former workers, now with hope, want jobs too. So if the unemployment numbers are nudged up at all, it is those former workers fault. They now find jobs and others now have hope. They lost all hope under Obama. And that is how it works people.

 

Obama spent almost 9 trillion dollars and over 90% of his 12 million jobs were in the service industry and millions of those were part time. He put on record regulations and the highest corporate tax in the whole industrial wold. Economist has given up on America being no more than a service nation. Not true today

 

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months

The Great Recession officially ended in June 2009, six months into former President Obama’s first term. The economy continued to shed jobs until the following March. Manufacturing was particularly hard hit, with almost 2.3 million manufacturing jobs—some 1 in 6—lost between January 2008 and March 2010.

As is the case during recoveries, jobs bounced back, with seasonally adjusted nonfarm employment expanding almost 12% from March 2010 until January 2017, when President Obama handed over the presidency to Donald Trump.

But during the same period, manufacturing employment grew only 7.7% with manufacturing payrolls virtually flat in the last 21 months of the Obama administration.

We were told it was the new normal.

At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

 

Tax revenue has flat blossomed. Far more than during Obama. A Chinese guy who voted for Gary Johnson whom he says is moderate, got his vote. He supports Trump now.

 

Obama wracked up in 8 short years such a boost in spending his debt to the world rose 10 million dollars.

Trump is playing the end game. I believe in his 8 years he can reduce the national debt back the low level it was when Bush ended his job as president.

 

Which econ 101 are you on about? D or R?

 

If Trump's policies can keep bringing in companies like he has, he should be able to. He spent around 800 billion on the military alone after Obama allowed it to go to hell. We shouldn't have to spend that much again. A lot of companies are moving here. That's tax dollars we never had. When you put millions to work, your taking in tax dollars and your also cutting down on welfare. I'm just afraid this new Democratic Congress will raise taxes and regulations again and bring a stop to companies moving here.

 

I am sorry I said ten million dollars when it actually was 10 trillion dollars. Sorry for my bump in my road.
Obama dug a hole so deep Trump has to shovel a lot back in just to get it down to what it was for Bush.