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Economy looking good, no headlines....
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Contributors to this thread:
BC 02-Jun-18
JTV 02-Jun-18
Spike Bull 02-Jun-18
scentman 02-Jun-18
Your fav poster 02-Jun-18
HDE 02-Jun-18
Bentstick81 02-Jun-18
JTV 02-Jun-18
JL 02-Jun-18
scentman 02-Jun-18
Woods Walker 02-Jun-18
JL 02-Jun-18
HDE 03-Jun-18
sportoutfitter 03-Jun-18
Mike in CT 03-Jun-18
JTV 03-Jun-18
JTV 03-Jun-18
Annony Mouse 03-Jun-18
Annony Mouse 03-Jun-18
Spike Bull 03-Jun-18
Thunderflight 03-Jun-18
DL 03-Jun-18
Annony Mouse 04-Jun-18
From: BC
02-Jun-18
Economic numbers were the best they've been in years but not much news about it. Seemed like the media played it down or ignored it altogether. The Boston Globe was more concerned about Trump announcing it prior to the official release rather than the actual economic forecast. Very sad.

From: JTV
02-Jun-18
You wont see the FNM/MSM supporting Trump.... even with the economy doing good, and if he pulls the NK deal thru, the FNM/MSM will downplay that also...

02-Jun-18
The usual two faced, commie double standard.....

From: scentman
02-Jun-18
Nothing to see here, according to msm... I love the way Sara Sanders answers the Pravda press questions, she states facts of what the Administration is accomplishing, and they have to sit and listen... they don't dare interrupt when she is on a roll, they just sit there with mouths opened... scowling! Winning!

02-Jun-18
average monthly job growth:

—first 16 months of Trump presidency: 185K

—last 16 months of Obama presidency: 215

Simple Economics-"Economies of Scale/Law of Diminishing Returns = trump is still riding the Job Growth from Obama's last 16 months in office...

Do the math trumps continued success is from Obama's successful 8 years!

YOU'RE WELCOME!

From: HDE
02-Jun-18
That's because businesses were gearing up in celebration and the party is still going on.

DON'T MENTION IT!!

From: Bentstick81
02-Jun-18
Yes sir scentman. Sara Sanders is top notch.

From: JTV
02-Jun-18

JTV's embedded Photo
JTV's embedded Photo

From: JL
02-Jun-18
The Bamster may get a little credit and that is because he didn't do much towards the end. His toadies were framing it with the famous phrase "no-growth recovery". Businesses weren't going to invest until they seen who won the election. Once it became Prez-Elect Trump....they started gearing up to invest in themselves and the country. If we care to stroll down memory lane for a second....PE-Trump was already making things happen. Recall in Nov 2016 Trump worked a deal with Carrier to keep some jobs in the U.S. versus going to Mexico. Dec 2016 he was making threatening calls to cancel the Air Force 1 contract due to the high cost to the taxpayers. I think it's fair to say he hit the ground running.

On balance.......I think the best context to frame it is the bar was so low from the Prez Obama mismanagement that the only direction was up and Prez Trump just happened to be the right guy at the right time to take advantage of it....he (we) was lucky. I feel very confident that if Hil had won, it would have gotten uglier. Can Trump sustain his good run.....that remains to be seen. He met my personal goal of selecting a great SCOTUS Justice. I hope he gets a chance to put another good one (or two!) in there.

From: scentman
02-Jun-18
JL, good post... not to mention O did 0 for black America... Mr. Trump in 1 and 1/2 yrs gained Black job growth... winning!

From: Woods Walker
02-Jun-18
Obama was our first (and hopefully our last) affirmative action President. The ONLY reason he was elected was because he was black. If he were white he'd have never been more than the Illinois political hack that he was. He certainly wasn't qualified, even by career politician low bar standards. And after two terms he also proved that he also wasn't competent and apparently didn't have to ability to learn on the job either. His Nobel Prize is further evidence of this as he was awarded it for what he WAS GOING to do (read "affirmative action" again).

What a crock of sh*t!

From: JL
02-Jun-18
I tend to think there was another reason Prez Obama was elected beside being the "first". To his credit (I think?), he is a charismatic speaker who can articulate his message well....albeit a false/misguided message. Coming off of 8 years of Dubya's speaking style...or lack thereof, Prez Obama's delivery was more convincing to the low information voters and the young voters. To them, proven experience did not matter....Prez Obama bluffed them. Clearly at the end of Obama's 2nd term many of the folks that supported him saw thru his message and his track record was not good. Hilary was the 3rd term of Obama....Crazy Bernie was worse. Enough Obama voters bailed to Trump and his outsider message to push him over the top.

From: HDE
03-Jun-18
obama can play on "that's unfair" emotion really well, as most worthless politicians do. We have several of those in my state that serve both at the state and federal levels.

03-Jun-18
“Do the math trumps continued success is from Obama’s successful 8 years!” 1 step forward, 3 steps back! The “new” you wants to be taken seriously yet you post nonsense like this. Just an attempt to ruffle feathers. Are you ever gonna learn?

From: Mike in CT
03-Jun-18
There's a quip that goes "statistics are a lot like bikinis; they show a lot, but they don't show everything." When I see claims of how much better job growth under Obama was that quip immediately leaps to mind.

Why? Well, when one peels back the onion and really looks at the numbers one sees what was uncovered by economists Lawrence Katz (Harvard) and Alan Krueger (Princeton); the bulk of the jobs created under Obama (94%) were either part-time or temporary contract positions.

By contrast the number of full-time compared to part-time jobs under Trump is the exact opposite of Obama (just over 90% have been full-time jobs).

Thank-you to Obama? Only if it's for leaving......

From: JTV
03-Jun-18
thank goodness we didnt end up with this dweeb ........

From: JTV
03-Jun-18

JTV's Link
The FNM/MSM?Dems(all one in the same) still cant face the truth....

http://insider.foxnews.com/2018/06/02/nancy-pelosi-downplays-positive-jobs-report-strong-employment-numbers-mean-little

From: Annony Mouse
03-Jun-18

Annony Mouse's Link
From AOS:

For the Love of Cowbell...and Gloating —Laura.

But Mostly Gloating

Ace's Friday cowbell post linked to a NYT piece in which the author uses many synonyms for the word 'good' to describe the latest jobs report. I'd like to highlight an important element of that article.

That element being the hilarious moaning and dismay in the comments section. Good economic news is anathema now, same as it was during W's terms.

A few curated samples below the fold. Cut and pasted, no more links for them.

Words are not the economy. Words are often just opinions and represent what people want to believe. Words, opinions and statistics must always be seen in context and weighed against each other.

Not sure how economic indicators are supposed to be communicated without using words and statistics. Perhaps the government should just distribute a picture of a busty gamer girl, like Ace does.

The fact is that the Congressional budget office has projected an increase in at least a trillion and half extra debt in the next decade due to the decrease in taxes over the next ten years. The fact is that wages have stagnated for the last 30 years and have barely budged for the poor and middle class.

The fact is that when an economy grows, you can collect more tax revenue even at lower rates. Now: a quiz. If you can correctly tell me what happens to wages when the labor market gets tight, I will give you this dog biscuit.

But seriously, there's a lot of this same complaint about wages in the comments. Not a lot of thought being put forth about what else is going on in the economy that makes it hard for people to live a decent life on a low-to-middle income.

Nonsense. The economy doesn't react that quickly. This good news is a result of Obama's steady, smart policies.

You guys need to get together to work out your story.

Great news! Now, someone go break it to all the folks living under the underpasses around here, and in the flood control channel, and in the parks, the bus stops and squatting in vacant homes.

I was wondering where all the homeless people went! They all disappeared from the news while Obama was president. Thank goodness, I was worried Obama had disappeared them, same as he did to the U-6 unemployment data.

Adjusted to reflect those who have given up and left the job market, the number of unemployed remains over 7%. Add in older workers who have become "consultants" or are otherwise self-employed, due to age discrimination, which remains rampant, and the figures are even higher.

Oh! It's back! Happy day! Liberals rediscover numbers! Now maybe we can finally talk about what the U-6 was in 2010, jackass.

I am glad that the recovery, which started in the Summer of 2009 [HAAAA HA HA HAAA!!! -ed] is continuing, but before we accept our laurel wreath, we should try to address the issue of everyone in America being paid a livable wage. The larger measures of the number of families that are living below the poverty line and the increasing amount of personal debt including the student loan debt doesn't look good to me

I live in the Washington, DC "bubble" so it is difficult to observe the evidence of flat or declining wages that has taken a toll on the standard of living and health of many American's. [emphasis mine. -ed] I am connected to school teachers and sense that incomes have been flat for decades.

I recently attended a commencement ceremony for educators at a celebrated University and was informed by the principal guest speaker that 25% of the children coming through our education system are from homes below the poverty line.

I suggest that the NYTimes direct its terrific graphics team to create a national map of the areas that are experiencing improving incomes, and put some journalists on the ground to interview the workers who find their families in the bottom 80 percentile.

The map, and demographic take on incomes may spark a new vocabulary.

I am also interested to see the results of the Tax Cut as it matures in the US economy.

Where...how do you even begin with this? This individual wrote in specifically to state that they know nothing, except what is fed to them through liberal channels. I guess we should be encouraged that they are exhorting the NYT to do something about it, like maybe engage in actual acts of journalism out among the common folk. Not gonna happen, of course.

Um, yeah, the pet store near me is hiring full or part-time. Likely $7.25/hour. Or I could drive for Uber. With 3 degrees, no, I'm staying home. I'm lucky that my investments make more money than I ever will again. Call me when the job market is desperate for 55 year old data analysts.

This guy is unclear on what constitutes a bad situation, or what the economy is supposed to be doing for him.

I call this next one, 'Dementia and the Loss of History.'

Ten years lost for no reason because of Bush and his pals.

And finally, 'Cause and Effect: Harder than it Looks, Apparently.'

What this story, and employment news more broadly, highlights for me is our critical shortage in immigrant labor. We need foreign workers to fill a wide range of jobs that many Americans are simply not fit or willing to undertake. Do we expect a welfare mother to pick berries, the homeless to deliver pizzas, or former blue-collar workers to do yard work?

Besides missing the point about labor supply and its effect on wages, the rest of this comment (that I clipped off) mentioned Mexicans. The reason liberals see racism everywhere is because it's in the lens.

Anyway, it's fun to gloat at the sad sacks who cannot be happy for the improvement in the lives of others, because Trump.

Sad!

From: Annony Mouse
03-Jun-18
03-Jun-18
This is a no-brainer. When obama destroyed businesses in the US with higher taxes, and increased onerous regulations, and flooded the job market with cheap illegal labor, and put record numbers of people on welfare programs, and record numbers of workers on the sidelines, and crushed the best healthcare system in the world with Obamacare, and given away billions of our dollars to scams like Solyndra and Wall Street and even our enemies, we never wohld have sunk so low. So yes, obama had tgings all set up for anybody to step in and recover this nation!

Yep, Trump is riding Obama's wave!

03-Jun-18

Thunderflight 's embedded Photo
Thunderflight 's embedded Photo

From: DL
03-Jun-18

DL's embedded Photo
DL's embedded Photo

From: Annony Mouse
04-Jun-18

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