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The Economy

Noitall said:
I got it from Market Watch as you well know

BLS is BS Gov disinformation
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Haha. Where do you think MarketWatch got the job creation number in the first paragraph?

The September jobs report, showing a big 254,000 increase in employment, may have been flattered by seasonal adjustments.
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From the BLS. You are an idiot. 😆
 
RobDownSouth said:
Meanwhile, back in the reality-based world, the cash-flush port management companies and the unions came to a tentative agreement for union workers to go back to work tomorrow after management offered a $4 per hour raise every single year for six consecutive years, raising the starting hourly wage for union workers from $39 to $43 per hour immediately. The rank and file has until January 15th to ratify the deal.

And the best part is the Department of Labor didn't even need to get involved! See what happens when management and unions negotiate in good faith?

Go get upset about something else.
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I never get upset.
 
At rallies, Trump often touts President McKinley and the economy of the 1890s.

"In the 1890s, our country was probably the wealthiest it ever was because it was a system of tariffs," Trump told a Michigan crowd recently.
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Nope …

"There was a US depression from 1893-1897 and another national recession from 1899-1900," Washington Post columnist Catherine Rampell noted online in response to one recent example of Trump lionizing the 1890s.
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Trump just likes McKinley because McKinley was famous for high tariffs.

But the story that Trump has repeatedly told is one that, according to historians, overlooks key details of that era.

They note that the shortcomings of tariffs became evident in McKinley's time and began to forge a free-trade consensus that eventually pushed tariffs out of vogue for nearly a century — basically until Trump arrived on the scene.
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Trump is a doofus. The high tariffs of the 1890s were protectionist measures specifically designed to enrich the enormous monopolistic trusts that dominated US industries at the time.

Why Donald Trump talks so much about William McKinley
 
U S Government statistics are the biggest propaganda on the planet. If trump wins there will be no mention of a great economy again. Just watch.
 
Trump’s plan would add $4 trillion more to U.S. debt compared to Harris’, analysis says

A new report from the nonpartisan nonprofit Committee for Responsible Federal Budget finds that both former President Donald Trump and Vice President Harris will deepen the national debt to pay for their initiatives. Trump’s estimated economic plan would sink the nation $7.5 trillion further into to debt over the next decade, while Harris’ estimated proposals would cost the government half that — around $3.5 trillion.

https://whyy.org/articles/trump-harris-economic-plans-debt-budget/
 
Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds
The Institute On Taxation and Economic Policy found Trump’s tariff proposals would outweigh his tax cuts for all but the very richest households.



Former President Donald Trump’s domestic policy agenda would amount to a tax increase on the vast majority of American households, according to a new analysis by a D.C. think tank, thanks largely to his proposed tariffs on imported goods.

Trump has called for a host of tax cuts, campaigning on novel ideas to eliminate taxes on workers’ tips and overtime pay, and even to allow homeowners to take unlimited federal deductions for the property taxes they pay to state and local governments.

Those tax breaks, combined with an extension of across-the-board tax rate reductions Trump enacted as president in 2017, would save most households hundreds or thousands of dollars.

“But his proposed tariffs, which would be largely passed onto consumers as increased prices, would more than offset those tax cuts for all income groups outside the richest 5 percent,” the Institute on Taxation and Economic Policy said in an analysis it published on Monday.

Taken together, the tax cuts and tariffs would cost households in the middle 20% of the income distribution an average of $1,530 in 2026, the analysis found, while the richest 1% would save $36,320. Only 5% of the wealthiest households would come out ahead under Trump’s plans.

https://www.huffpost.com/entry/trump-taxes-tariffs_n_6703e6bae4b02d92107d9d1d
 
RobDownSouth said:
Of course you don't! I apologize if you presumed that I was singling you out personally for ridicule and derision.
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Well you did quote my post so it was easy to assume you were directing your remarks in my direction but understand that when you do intend to attack me personally I don't get upset. We exist in an electric atmosphere of carefully crafted pseudonyms designed to reflect personalities or interests where we exchange ideas and challenge one another’s viewpoints. This is a place where each post becomes a performance, a simple pastime, a time management system between the calls of reality. A place where a real emotional response is a waste of time and counterproductive to one's health. Literotica is an interactive game.
 
Smaller US trade deficit supports strong economic growth estimates for third quarter

The U.S. trade deficit narrowed sharply in August as exports increased to a record high
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Record exports 👍

Exports increased 2.0% to a record $271.8 billion. Goods exports surged 2.5% to $179.4 billion, the highest level since September 2022. They were boosted by a $1.7 billion rise in capital goods to a record high, mostly reflecting telecommunications equipment, civilian aircraft, computer accessories as well as other industrial machinery.
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LLCox said:
:nana: THE economy is just GREAT, jobs galore, :nana:
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Exports are up, stock market at record highs, unemployment is down, inflation has been tamed....

Gettin' harder and harder to convince folks that we're living in the end times, and that "Only Trump Can Save Us™ "
 
RobDownSouth said:
Exports are up, stock market at record highs, unemployment is down, inflation has been tamed....

Gettin' harder and harder to convince folks that we're living in the end times, and that "Only Trump Can Save Us™ "
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It's ALL bullshit.
 
LLCox said:
:nana: THE economy is just GREAT, jobs galore, :nana:
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🙄

NO ONE in the Biden - Harris administration has said that the economy is “GREAT”.

😑

They HAVE said they are proud of their policies that have contributed to the relatively strong state of the U.S. economy, but that there is still a lot of work to be done on the consumer price side of things and housing costs, etc.

👍

🇺🇸
 
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