by Patrick ➕follow (55) 💰tip ignore
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How about unemployment? The CBO figured the unemployment rate would be 4.7% by now, and climbing. Instead, it’s now down to 3.5% – the lowest since December 1969.
Then there’s the fact that quarterly GDP growth has exceeded the CBO’s projection in every quarter after Q1 2017.
As we noted in this space, that means the economy is more than half a trillion dollars bigger than it was supposed to be.
So what’s the Democrats’ response to this? They’re claiming that massive tax hikes on companies, investors and savings will boost economic growth.
We are not kidding.
If one is out of work long enough, they no longer go in to the denominator of that unemployment calculation
If one is out of work long enough, they no longer go in to the denominator of that unemployment calculation. (clarification: The issue is that people must be actively looking for work to be in the employable workforce. So they are not in the denominator of the calculation of unemployment = 1 - employment ratio ,
where employment ratio = employed / employable workforce).
:OMG!!! No, you can't, can't make this up!!! "This trend is almost 10 years old now... continuation is in spite rather than because" bit is absolutely fabulous in it's stupidity.
How is it unexpected ? This trend is almost 10 years old now. The one number might be unexpected, but that just means the analysts didn't give enough weight to some GM strike that ended or some other monthly detail.
You must realize that if I'm right and that this continuation of the trend is in spite of Trump rather than becasue of him, that what you're selling is propaganda.
:
Hey, once it's a trend it must trend forever - right??
can you point out other times in history of US during which job growth would continue for as many years as it has now, at as low of unemployment as we get to enjoy today?
becasue
For a better look at the employment situation consider these.
Cut spending to cover the deficits? Deficits are ALWAYS about spending...just like it is for household budgets.
In the Age of Despair, a lot of the "formerly" employable took shelter in the SSDI trust. During the Bush Years and Obama's first term, the number of people served by SSDI grew at 4%-5% clip per year and threatened the solvency of the trust. In Trumps first two years, those on SS Disability Insurance fell by 1.3% and 1.8%.
My question (which you dodged)
I would like to cut the defense spending.
I would like to cut the defense spending.
I would like to cut the defense spending. I am sure Republican will not consider that and claim that we need it to protect ourselves. Not sure from who as we have enough nukes to destroy any country multiple times.
Putin wants us to overspend and get our deficit to such levels that we will implode
Trump’s Unexpected Jobs Boom Leaves Dems Incoherent
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