U.S. farmers taking it with no vaseline

[1bad65]

For production and nonsupervisory employees, real average hourly earnings decreased 0.1 percent, seasonally adjusted, over the 12-month period ending in May 2018.

Cite the full time in office.

No cherry picking.

Economic growth for the first quarter of 2018:

1st quarter 2018: 2.0 percent

Cite the other quarters since Trump took office.

Again, no cherry picking.

So what should Trump and Congress do to get an "improving economy"?

Well again, it is improving (though 2% growth aint tough to beat), but to make it improve even faster you do what you did to see the current improvements; more tax and regulation cuts.

It's pretty simple, really.

As an aside, I believe Obama's last quarter GDP growth was under 2%. I can go confirm that if you'd like.

[Dr.Cool]

I must again ask you to explain how deficits grew when revenue rose.

in the Obama era, the deficit has shrunk by $1 trillion. That’s “trillion,” with a “t.” As a percentage of the economy, the deficit is now down to just 2.5%, which is below the average of the past half-century, and down from 9.8% when the president took office.

http://www.msnbc.com/rachel-maddow-s...lion-obama-era

You can also see this is true on the White House's own page found here:
https://www.whitehouse.gov/omb/historical-tables/

It is table 1.1

However, it shows that the deficit is rising since Trump took office.

The deficit, or the difference between the amount of money the federal government spent and what it took in, totaled $532.24 billion in October through May, the Treasury Department said Tuesday. That was 23% more than the deficit of $432.85 billion during the same period a year earlier.

https://www.wsj.com/articles/u-s-fed...018-1528826767

Also, from the Bush tax cuts in 2001 the revenue decreased for four years in a row, and saw a record surplus quickly turn into a record deficit.

Obama cut the deficit, while Trump and Republicans are exploding the deficit.

[Dr.Cool]

2% GDP growth and falling wages is not an "improving economy".

I must be direct and ask you to start addressing my points.

By your own standards you just admitted the economy is not improving. Trump inherited a growing economy. Obama took unemployment from 10% down to 4.7%. And he reduced the deficit by a trillion dollars.

The only economic bill passed since Trump took office was the tax reform, which passed on Dec. 22, 2017. The policies before that were Obama policies.

[Dr.Cool]

Well again, it is improving (though 2% growth aint tough to beat),

It's pretty simple, really.

Actually, it was 3.3% economic growth in the 3rd quarter of 2017. Then it became clear that a tax cut was going to pass. That slowed economic growth down to 2.6%. Since the tax cuts passed, it has made economic growth nosedive back down to 2%.

Obama had one quarter of economic growth at 5.2% and many over 3%.

You are correct, it is pretty simple. falling wages and 2% economic growth is not an "improving economy".

Unless of course, the country was losing 750k jobs a month. Oh wait, that was happening when Obama took office.

It is very simple. Obama trimmed a trillion dollars off the deficit, and turned losing 750k jobs a month into gaining 200k jobs a month.
Trump is raising the deficit, slowing economic growth, and causing wages to DECREASE.

Again, it isn't just pretty simple, it is really, amazingly simple.

[Scipio2009]

Stay on topic, please.

This isnt the witch hunt thread.

The US government, as things currently stand, is currently facing projected trillion dollar deficits, in a world where the US economy is reaching full employment and current government policy is to throw barriers into the way of getting goods to/from international market, and the only hope to possibly lessen that burden would be for our mature economy to grow as if it's an emerging markets.

[Scipio2009]

Cite the full time in office.

No cherry picking.



Cite the other quarters since Trump took office.

Again, no cherry picking.



Well again, it is improving (though 2% growth aint tough to beat), but to make it improve even faster you do what you did to see the current improvements; more tax and regulation cuts.

It's pretty simple, really.

As an aside, I believe Obama's last quarter GDP growth was under 2%. I can go confirm that if you'd like.

May 2017- May 2018 is an inaccurate period of time to assess the actual policies of the Trump Administration? lol.

Trump officially got into office at the end of January, and barely had any pieces of his administration in place by the end of February.

[Motorcity Cobra]

By your own standards you just admitted the economy is not improving. Trump inherited a growing economy. Obama took unemployment from 10% down to 4.7%. And he reduced the deficit by a trillion dollars.

The only economic bill passed since Trump took office was the tax reform, which passed on Dec. 22, 2017. The policies before that were Obama policies.

We can see the trend. The only thing Trump has done so far is not **** it up

[Don Pichardo]

Actually, it was 3.3% economic growth in the 3rd quarter of 2017. Then it became clear that a tax cut was going to pass. That slowed economic growth down to 2.6%. Since the tax cuts passed, it has made economic growth nosedive back down to 2%.

Obama had one quarter of economic growth at 5.2% and many over 3%.

You are correct, it is pretty simple. falling wages and 2% economic growth is not an "improving economy".

Unless of course, the country was losing 750k jobs a month. Oh wait, that was happening when Obama took office.

It is very simple. Obama trimmed a trillion dollars off the deficit, and turned losing 750k jobs a month into gaining 200k jobs a month.
Trump is raising the deficit, slowing economic growth, and causing wages to DECREASE.

Again, it isn't just pretty simple, it is really, amazingly simple.

Your on fire. But take it easy on him. He will label you a communist based on your content and or an alt based on the number of sh its yiu took on him.

[Don Pichardo]

We can see the trend. The only thing Trump has done so far is not **** it up

If heard economist say that the economy is a ship on water. Takes a while to speed it up and get it going and it can’t stop on a dime. It take a while to atop once something causes it to slow down.

Thus we won’t know if trumps policies will cause a down turn for a while. I hope it doesn’t.. we shall see.

[Motorcity Cobra]

Worker wages drop while companies spend billions to boost stocks

Six months after the Tax Cut and Jobs Act became law, there's still little evidence that the average job holder is feeling the benefit.

Worker pay in the second quarter dropped nearly one percent below its first-quarter level, according to the PayScale Index, one measure of worker pay. When accounting for inflation, the drop is even steeper. Year-over-year, rising prices have eaten up still-modest pay gains for many workers, with the result that real wages fell 1.4 percent from the prior year, according to PayScale. The drop was broad, with 80 percent of industries and two-thirds of metro areas affected.

"Now, economic confidence has been good, we're in a strong economy, GDP is growing, but the question has been, where's the paycheck?" said Katie Bardaro, vice president of data analytics at PayScale.

The answer is, largely, in the companies' coffers. Businesses are spending nearly $700 billion on repurchasing their own stock so far this year, according to research from TrimTabs. Corporations set a record in Q2, announcing $433 billion worth of buybacks — nearly doubling the previous record, which was set in Q1.

https://www.cbsnews.com/amp/news/worker-wages-drop-while-companies-spend-billions-to-boost-stocks/