[Closed] US Impeachment Hearings

[iluvbitcoins]

Notice the inverse correlation with wage increases and unemployment. (There are other factors involved as well)

Wage increase also are deceptive. Often it is the high earners that get the largest increases. So while the high wage earners may get big pay increases there may be no or little increase for the blue collar workers.

Tax reductions benefit corporations, their owners and the wealthy. Reductions in Government spending eventually leads to lower circulation velocity and slows down the economy.

Unemployment rate is also deceptive because govermental hiring can also hide unemployment rates.
Anyone earning anything in your surroundings is directly benefical to you because he's going to spend that money to acquire items&services that are going to involve you or people close to you which will in turn spend that money on other items&services as well.
Complete purchasing power increases.

But I didn't need to make that assertion since the median wages have gone up significantly.

Tax reductions to corporations benefit consumers because it drives down product prices.
Reductions in goverment spending lead to less taxation and more easiness in starting a business resulting in greater production therefore decreasing the price of products and increasing it's quality because of competition (bad products make you bankrupt, good products make you wealthy ).

[iluvbitcoins]

WSJ did a survey on 68 economists. They have a consensus that Trump is responsible for the economic upturn.

https://www.wsj.com/articles/economists-credit-trump-as-tailwind-for-u-s-growth-hiring-and-stocks-1515682893

The pros cite the White House’s push for lighter regulation and the recent tax bill as critical to a pro-growth environment; more than 90 percent of the group thought the tax bill would boost GDP expansion over the next two years.

A year ago in the same survey, economists awarded President Obama mixed grades. Most saw his policies as positive for financial stability, but neutral-to-negative for GDP growth and negative for long-term growth. By contrast, Trump was seen as neutral to positive for long-term gains.

Why would Trump rate higher than Obama with this group? Economists point to the upturn in business confidence that accompanied Trump’s election, and tie that to increasing business investment. Spending on capital goods accelerated sharply over the first three quarters of last year, growing at an annualized rate of 6.2 percent.

--
As I said, unemployment rates are deceptive, and economists have a consensus ^ that indeed Trump is responsible for the economic upturn and that Obama was neutral-to-negative.



Look at goverment issued jobs at the expense of the workers  vs. manufacturing jobs that benefit the workers.
Obamas term was just goverment hiring to hide the unemployment stats.

Trumps term:

   The census report ten days ago revealed workers’ earnings increasing at 3.4 percent annually, a rate not seen since the best of the Reagan years, and the poverty rate has declined to 11.8 percent, the best figure that has been recorded since the end of the Clinton administration and still resolutely proceeding in the right direction. Unemployment is at its lowest percentage since the Lyndon Johnson administration more than 50 years ago (and the numbers then were helped by having 545,000 conscripts in Vietnam). Minority groups are the principal beneficiaries of the Trump economy; this isn’t trickle-down, it’s surge-up. Average income for female-led single-parent households jumped 7.6 percent last year, well ahead of gains in higher income groups.

    The poverty rate among female-led households fell 2.7 percent for African Americans, and 4 percent for Hispanics. Industries largely populated by women (and, historically, exploited women), especially hospitality and, to a lesser extent, health care, showed strong earnings gains, even as unemployment rates for African-American and Hispanic women fell to under 4.5 percent. Another partisan Democratic falsehood that is exposed by the census is the myth that the middle class is shrinking. The percentage of total families at the lowest economic levels has fallen by over 1 whole percent and the brackets from $50,000 to $150,000 and above $200,000 have both increased by almost 1 whole percent (several million people in each case). There were sharp increases in the incomes of younger families (up to age 34).

[Jet Cash]

Trumps economy is the best its ever been.

Yep - the new British Empire that controls Washington is richer than ever, and assets are being stripped away and transferred to the Central bankers. At the same time homeless people are defecating in the main streets of San Francisco. Sounds like a 3rd world dictatorship to me.

[xtraelv]

Wonder how it is going to go with Corona virus. With people who have no health insurance or worthless health insurance that doesn't cover much.

They won't be able to afford medical care or to remain in isolation so will probably just infect others.

Global Stock Sell-Off Intensifies Over Coronavirus Crisis

Poverty - creates health issues, lowers education levels and increases crime.

[Cnut237]

assets are being stripped away and transferred to the Central bankers. At the same time homeless people are defecating in the main streets of San Francisco.

people who have no health insurance or worthless health insurance that doesn't cover much.

Poverty - creates health issues, lowers education levels and increases crime.

Inequality is rising within western societies, and this is what leads voters to feel that they are not represented, which leads them to elect populist demagogues like Trump, who then maintains his power by playing on the base fears of the populace, and sowing division and resentment by getting the disenfranchised to fight amongst themselves whilst the rich cream off the profit. It's them Muslims and them Mexicans, right? Inequality is the underlying factor, it's the thing that enabled the election of the sort of president who would get impeached.

The health insurance thing has always perplexed me. There's a widespread phobia of socialism and socialist policies, it's heresy and it impinges on fundamental rights of freedom and self-determination... and yet... the rich people who hate socialism still have health insurance. But health insurance is socialism, isn't it? It's shared risk, for the benefit of those in need.