Steve Kelley apparently does not understand that employment is a lagging economic indicator. When Obama took office, every month under Bush we were LOSING jobs, with the number increasing every month. Obama immediately stopped the rate of increase, and the number of jobs LOST steadily decreased until he got it into positive territory.
Since then, the Obama recovery has brought us more than 100 straight months of job GAINS, and record low unemployment.
Under Trump, the Obama momentum has levelled off, remained in positive territory, but Trump has failed to build on Obama’s legacy of increases in jobs and reductions in unemployment.
And where Obama was making gains in wages, wage increases have stagnated under Trump EXCEPT in the states and cities that have mandated increases in the minimum wage.
Those who are making minimum wage and holding down two or three jobs and still barely getting by are not feeling the great Trump prosperity, which is reserved only for the few richest elites at the top who are the sole beneficiaries of Trump’s tax giveaways to the rich, corporate welfare, and deregulation that only gives corporate overlords more “freedom” to get rich on the backs of workers and consumers.
Most people realized. early on, that that the resident’s only talent — creating chaos — is not actually useful. So, ≈ 40% of voters betting on the long odds are more gamblers than economic conservatives.
“RECORD GROWTH”? Of 3.2%? Why before Trump, such growth levels hadn’t been seen the long-forgotten Presidency of Barack Obama in 2015, when TV watchers were obsessed with “Game of Thrones,” the Avengers were setting movie box office records, and Taylor Swift and Beyonce dominated pop music. Trump has really turned things around!
Ridiculous. NY Times, Washington Post, MSNBC, etc. DO report the strong economy. They also point out things that could disrupt the strong economy and Trump’s “transgressions”. In other words they do exactly what good reporters do.
Trump Trade Tweets Send Grain Markets Diving to 42-Year Low
Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.
The Bloomberg Grains Subindex Total Return tumbled to the lowest since 1977.
The economy is fine – it isn’t that great – what isn’t fine are the civil rights abuses, taking rights away from women and killing children in cages. You could give everyone in America a solid gold brick and what this administration is doing would still not be good news.
To quote a wise Tweeter. “The precise moment when Trump took over and fixed the economy.” Graph of Non-Farm payroll shows it rising steeply from 2010 to 2017 and it does continue after Trump due to momentum, but the debt and tariffs haven’t hit the fan yet.
DD Wiz Premium Member almost 5 years ago
Steve Kelley apparently does not understand that employment is a lagging economic indicator. When Obama took office, every month under Bush we were LOSING jobs, with the number increasing every month. Obama immediately stopped the rate of increase, and the number of jobs LOST steadily decreased until he got it into positive territory.
Since then, the Obama recovery has brought us more than 100 straight months of job GAINS, and record low unemployment.
Under Trump, the Obama momentum has levelled off, remained in positive territory, but Trump has failed to build on Obama’s legacy of increases in jobs and reductions in unemployment.
And where Obama was making gains in wages, wage increases have stagnated under Trump EXCEPT in the states and cities that have mandated increases in the minimum wage.
Those who are making minimum wage and holding down two or three jobs and still barely getting by are not feeling the great Trump prosperity, which is reserved only for the few richest elites at the top who are the sole beneficiaries of Trump’s tax giveaways to the rich, corporate welfare, and deregulation that only gives corporate overlords more “freedom” to get rich on the backs of workers and consumers.
INGSOC almost 5 years ago
45’s economy is soaring
Say What Now‽ Premium Member almost 5 years ago
Short term gain for long term pain.
superposition almost 5 years ago
Most people realized. early on, that that the resident’s only talent — creating chaos — is not actually useful. So, ≈ 40% of voters betting on the long odds are more gamblers than economic conservatives.
Judge Magney almost 5 years ago
“RECORD GROWTH”? Of 3.2%? Why before Trump, such growth levels hadn’t been seen the long-forgotten Presidency of Barack Obama in 2015, when TV watchers were obsessed with “Game of Thrones,” the Avengers were setting movie box office records, and Taylor Swift and Beyonce dominated pop music. Trump has really turned things around!
tbemont Premium Member almost 5 years ago
Ridiculous. NY Times, Washington Post, MSNBC, etc. DO report the strong economy. They also point out things that could disrupt the strong economy and Trump’s “transgressions”. In other words they do exactly what good reporters do.
Alberta Oil Premium Member almost 5 years ago
Government propaganda is “not” news.
Plods with ...™ almost 5 years ago
Appears that HCIC is doing everything he can to remedy those headlines.
JHayes almost 5 years ago
Record Growth and Record borrowing. Hmmm I wonder if those two things are related?
We are borrowing $6,200 per person or $15,600 per household. EVERY YEAR!
The line used to insult the Socialists was always Margaret Thatchers line which applies to Trump more than any President in history.
SOONER OR LATER YOU RUN OUT OF OTHER PEOPLES MONEY!
Monchoxyz almost 5 years ago
Don’t worry. Once the economy turns it will become fake news.
DrDon1 almost 5 years ago
Hey, Kelley, now show us how #45’s tariffs are going to boost our economy!
Radish the wordsmith almost 5 years ago
Trump Trade Tweets Send Grain Markets Diving to 42-Year Low
Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.
The Bloomberg Grains Subindex Total Return tumbled to the lowest since 1977.
https://www.bloomberg.com/news/articles/2019-05-06/grains-soy-trump-tariff-threat-to-china-drives-ag-prices-lower?fbclid=IwAR16n-Ok5pffAYQ1MZ-hubs2GCwBPo5TNNCngD0xUgqaAxorgylqrnM7Qy0
Radish the wordsmith almost 5 years ago
Trump Takes Credit For 450 New GM Jobs, After It Laid Off 14,000. Says “USA IS BOOMING.”
http://labor411.org/411-blog/trump-takes-credit-for-450-new-gm-jobs-after-it-laid-off-14000-says-usa-is-booming/?fbclid=IwAR2BjDwJ86CQfQeI2u2hhvatwK33mmf25cXbyiEGzWCFk6mLrCxuRDoNNn8
DeepState almost 5 years ago
Thank Obama for leaving a growing economy that even the Rump hasn’t yet been able to break. But, he is trying hard.
Mr. Blawt almost 5 years ago
The economy is fine – it isn’t that great – what isn’t fine are the civil rights abuses, taking rights away from women and killing children in cages. You could give everyone in America a solid gold brick and what this administration is doing would still not be good news.
All the dinosaurs feared the T-Rex almost 5 years ago
As usual, Kelley is ridiculous.
Kurtass Premium Member almost 5 years ago
Kelly received his marching orders late. That, or he us copying the other right-wing toonists.
Concretionist almost 5 years ago
S. Kelley follows the Ridiculously Right Rules Religiously!
In this case, draw the “enemy” doing something that you wish they were stupid enough to do, and post it without further comment.
Atticus almost 5 years ago
There are plenty of democrats actually hoping for the economy to tank. Bad for America but good for dems. Because priorities.
Woodstock Generation Premium Member almost 5 years ago
To quote a wise Tweeter. “The precise moment when Trump took over and fixed the economy.” Graph of Non-Farm payroll shows it rising steeply from 2010 to 2017 and it does continue after Trump due to momentum, but the debt and tariffs haven’t hit the fan yet.