It's a Middle-Class Boom

[80zephyr]

We often talk about the economy as it relates to Trump. I feel Trump helps Main street, not Wall Street. This blurb from an article I found says it all, IMO.

This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).

Under George W. Bush, the household income gains were a little over $400 in eight years, and under Barack Obama the gains were $1,043. That was in eight years for each. Under Trump, in less than three years, the extra income is about three times larger.

https://www.realclearpolitics.com/ar...om_141497.html


Mark

[Frostbit]

Not where Tom lives. His income is unchanged for some reason.

[80zephyr]

Not where Tom lives. His income is unchanged for some reason.

I suppose one of the lefty's will bring some numbers telling me mine are wrong. But I can see whats happening with my own eyes. Every business is screaming for workers. Kids as young as 14 are being hired at the local stores and shops.

Like CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation.

“You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month.

“People don’t want to say good things” about the economy, said Cramer, echoing comments he made Thursday evening on “Mad Money,” telling investors: “Don’t let the armageddonists and the negativists and the hucksters scare you away from owning stocks.”

Referring to Trump, Cramer said Friday on “Squawk Box,” shortly after the jobs report was released, “It doesn’t matter whether you hate him or like him, these are real numbers.”

“This is the best number I’ve ever seen in my life,” Cramer said, zeroing in on the unemployment rate. “Fifty years ago, that number was a curse. Now it’s a blessing.” He added, “I don’t see inflation. I don’t see recession.”

https://www.cnbc.com/2019/12/06/cram...s-on-jobs.html

Mark

[Norm dePlume]

[Frostbit]

What are you trying to say with your graph? Are you refuting the household income Increase figures in the first post? You gleefully asked once if the Dow was going to hit 20,000 during the end of a correction. Was that Trumps fault or Obama’s fault? Let’s give some credit where it is due. This economy right now is remarkably vibrant.

[Norm dePlume]

http://www.notpolitical.info/forums/showthread.php?13848-It-s-a-Middle-Class-Boom&p=191577#post191577

What are you trying to say with your graph? Are you refuting the household income Increase figures in the first post? You gleefully asked once if the Dow was going to hit 20,000 during the end of a correction. Was that Trumps fault or Obama’s fault? Let’s give some credit where it is due. This economy right now is remarkably vibrant.

I'm not saying anything. I'm presenting data. Is that a foreign concept to you?

[Norm dePlume]

By the way, Trump has been more than kind to Wall Street, from tax breaks to deregulation.

Hey, Frostbit, that was me saying something. I was saying that Trump has been more than kind to Wall Street.

[Frostbit]

By the way, Trump has been more than kind to Wall Street, from tax breaks to deregulation.

Hey, Frostbit, that was me saying something. I was saying that Trump has been more than kind to Wall Street.

Since the vast majority of retirement plans benefit from Wall Street increases I suppose you are pointing out a good thing for American households. That and the raise in wages and household income are really good for folks.

Think of it as the Trump Trifecta Norm.

Sorry you and Bill Maher haven’t gotten your recession or 20,000 Dow you wished for. But I’m glad for everyone else.

[Norm dePlume]

Since the vast majority of retirement plans benefit from Wall Street increases I suppose you are pointing out a good thing for American households. That and the raise in wages and household income are really good for folks.

I was responding to 80z's opening line.

We often talk about the economy as it relates to Trump. I feel Trump helps Main street, not Wall Street.

Think of it as the Trump Trifecta Norm.

Sorry you and Bill Maher haven’t gotten your recession or 20,000 Dow you wished for. But I’m glad for everyone else.

Click.

[Frostbit]

I was responding to 80z's opening line.





Click.

Bullshit!!

Click

[Norm dePlume]

Bullshit!!

Click

Thanks for adding reasoned discussion to the best of your ability.

[Frostbit]

Thanks for adding reasoned discussion to the best of your ability.

Thanks for being completely predictable.

Click

[Norm dePlume]

Not where Tom lives. His income is unchanged for some reason.

This is the kind of shit you do when people open up to you. Is Tom even involved in this thread?

[Frostbit]

This is the kind of shit you do when people open up to you. Is Tom even involved in this thread?

Oh boy!! Must have hit a nerve. Norm is resorting to his detailed files.

So tell us why Wall Street doing well is bad again.

[Frostbit]