President Trump

You don't think policies impact how people run their businesses ? The agency I work at has seen major cutbacks the past 3 years. I"m talking the owners making 25% of what they did 3 years ago. All due to cutbacks in Medicaid. They recently laid off 30 people due to one single policy change that they had absolutely no control over.

 

Neither.

Trump gets all the credit. What I'm saying is it's not good. I'm not seeing any benifits for the average US citizen under Trump. It's all tax cuts for the 1% and the rich getting richer.

Seriously, if you can give me any tangible proof that the middle or lower class is reaping these big benifits under Trump, I'll take it all back, but saying the economy is booming seems to be misleading by some press in order to give Trump a positive spin. He's boosting the rich. The rich love him. That's what you're seeing in the stock market, etc.

And none of that trickles down in any significant amount.

 

I mean I said it, but the construction industry in LA is going crazy right now. I don't know if it's Trump, but it's something. The schools are spending money, the private sector is still spending a good amount, and the medical field is spending a ton of money.

 

Unemployment rate impacts the poor. Everywhere I look I see Now Hiring signs.

I asked a friend of mine who has a Masters in Business about the DOW and its impact on the poor and middle class. His response:
"The rich get richer" and middle class work force (I think 70+% of people use 401k) all have more growth in their retirement accounts. It does nothing for the poor, but it might allow job creators more disposable cash to hire extra people.

 

See, right there is the problem to me. The small business man isn't the one bleeding this country dry. Hoping that they have a little more income to hire is like hoping a bucket of water can put out a house fire.

It's the big corporations that are the problem, and they are the ones benefiting under Trump. Boards of directors essentially pay themselves what they want, and shareholders approve it because they only care that they have the best leaders at the top to make them the most profit. They are the ones that swing the economy. They are under no obligation to have any significant amount of money from saved taxes, or legislation trickle down to the masses of workers in their business. it'll be that the CEO's receive bigger bonuses, bigger golden parachutes, etc because no one will hold them accountable. If the company leadership sees $10,000 bump, their employees might see $1, and for the life of me, I can't understand why this is tolerated. Honestly, you should all be as pissed as me about the direction Trump is taking this country.

We wont have a middle class at all if we keep this up. This is just expanding the distance between the haves and the have nots.

 

1 million jobs added in past 6 months.

The U.S. economy added a strong 209,000 jobs in July, more than economists had expected. The unemployment rate fell to 4.3%, matching a 16-year low. Just after the Great Recession in 2009, unemployment peaked at 10%.

 

I am highly suspicious of this. I could be wrong. And I will admit if I am, but I don't believe the validity of those numbers because I haven't seen any big moves by trump that would actually do that. Businesses confidence in Trump lead them to hire 1 million more people? I doubt it.

 

^^^ That chart doesn't tell the whole story either. Look at the Fed Deficit. Many wondered if Obama would hit the $20 Trillion level before Trump took office. 6 months in and still not there. If Obama was still in office I'd bet we'd have it it months ago. Most likely, 5 months ago.


When Obama took office on Jan. 20, 2009, the outstanding public debt totaled $10,626,877,048,913. On Jan. 20, 2017, when Obama left office, outstanding public debt totaled $19,944,429,217,106, an increase of roughly $9.3 trillion. SOURCE: http://freebeacon.com/politics/obama-leaves-office-debt/

The debt today: $19,969. SOURCE: http://www.usdebtclock.org/

Trump has added $25 Billion. In 6 months. Multiply that by 16 (8 years) and he's at $400 Billion (correct me if my math is wrong). That's a FAR cry from the $9.3 Trillion (T) that Obama added.

 

It sounds like you blame Bush for the $9.3 Trillion and GDP sub 3% for 8 years and want to give credit to Obama for all the good, even when he's not in office and consumer confidence is booming because he's gone.

 

But when I'm fair and point out the good (economy) you run to the one you don't want to discuss.

DOW, unemployment rate, Fed Deficit.

I'll agree with you all day on his Tweets, dumb comments, bad leadership, bad speaking skills, choice of cabinet, etc etc etc.

 

Well, they've had an upward trend since the beginning of time. That's why people invest long-term.



Notice anything since November when it was announced Trump won? It was at 18,000. Consumer Confidence. 22,000.

What Barns said about this not impacting the poor is fair, and not something I really considered before. But do we, as a country, want the DOW at 22,000 and rising or do we want it crashing? Easy answer.