Posted on 12/06/2019 7:56:20 AM PST by karpov
Boy oh boy, that Obama Economy sure is on fire, said nobody ever.
“Trump” does not appear in this article”
They can not accept, or even recognize him, as President of the New and Improved America. Much give him any credit.
“Experts” are wrong about a whole helluva lot.
That is what America is learning in the Trump Era.
Experts live in a perpetual state of surprise. Seeing sunlight in the morning is the first of many unexpected events throughout the day.
Bottom line:JEALOUSY is driving the TRUMP Derangement Syndrome.
Krugman still bummed, big time.
So called “full employment” is a totally arbitrary number. Back in the day and all the way up to this time (apparently) the labor force was considered to be at full employment when the jobless rate was around 6% or a bit less.
Like they say, liars figure and figures lie.
I’m beginning to believe that by “expert”, sources like NYT mean “senior propagandist”.
As the economy continues to grow well above what once seemed like its potential, without inflation or other clear signs of overheating, its clearer that the old view of its potential was an extremely costly mistake.
...
That’s because inflation is not caused by economic growth or workers getting raises.
Look at Zimbabwe and Venezuela where inflation is very high. It’s damage to the supply side of the economy that causes inflation along with government debt.
I think the real lesson is that the left and elites have long worked to restrain and throttle the economy so they could control the masses by handing out government benefits, and so the elites could benefit from lower wages.
Elitist control of government, and the resulting sell out of regular working folks, is being exposed by Trump. It verifies the accuracy of this quote:
“The comfort of the rich depends upon and abundant supply of the poor.” - Voltaire
Rich elites have learned to manipulate that equation through control of government and its policies. I don’t at all begrudge wealth honestly gained. I do bear resentment against those who step on others to gain their wealth. That is ill gotten gain.
Low energy prices, lower taxes and less regulation. Courtesy of the man whom they’re trying to impeach for nothing.
The labor market and unemployment rate have fallen into a pit of rare circumstances....where optimism is highly charged.
Take up Huntsville Alabama...with the past two months of 2.1-percent unemployment. If you just have a high school diploma, fill out a resume, and pass a drug test....you can get a $12-to-$15 assembly or industrial job in the area. Add to this...the big incoming industry has yet to open up their factory (2020 is the big year) and the mayor is hyped up to go find more companies to move into the area. They might actually get the unemployment rate below .9-percent in a year.
No kidding, if this had happened during Obama regime, it would be O_B_A_M_A Economy in 4” high letters title.
We are of one mind on this issue. Essentially, using government, rich folks are stealing from poor folks and the working class. Both parties enable this.
Frankly, just who are these damn experts that make up the numbers to fit the DC Narrative. I am fed UP with so many people who are considered “EXPERTS” or “WITNESSES”...they are TROLLS who are so full of themselves, and think they are SOMEBODY IMPORTANT. Sick of it@!
Obama looks unexpected, even clueless.
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