So many are saying that this election is a referendum on Donald Trump. If that’s the case, then he’s doing an excellent job
Monster Jobs Report
250,000 Jobs
32,000 manufacturing
30,000 construction
5,000 mining
24,800 transportation & warehousing
But wages soaring 3.1% says it all – look at that chart
Congratulations America#Winning pic.twitter.com/TmR4D2wPcT— Charles V Payne (@cvpayne) November 2, 2018
U.S. adds 250,000 jobs in October, wages rise at fastest pace in more than nine years https://t.co/cjKWBWP7XT
— MarketWatch (@MarketWatch) November 2, 2018
Of course, Democrats will say this is still part of Obama’s recovery, that his policies suddenly started working. Even after 8 years of malaise. The worst post-recession recovery ever. And here we have Chuck Schumer trying to poo-poo the excellent report (via Twitchy)
Latest jobs numbers may look good but don't forget they coexist with a huge deficit-ballooning GOP tax break mainly for corporations for which we'll pay a price down the road.
When families see their health care costs go up because of GOP actions, these numbers will mean little.
— Chuck Schumer (@SenSchumer) November 2, 2018
Right, because we passed Obamacare. Costs were skyrocketing because of Ocare. But, hey, what does the Dem party have to say overall?
4 days until Election Day — tell the world why you're voting with these cool graphics: https://t.co/L1EqtKqDv6 pic.twitter.com/eh8hivcDj0
— The Democrats (@TheDemocrats) November 2, 2018
Funny how they do not mention a thing about economic matters. Abortion, Democrat officials screwing the pooch in PR, people who want extra rights (and some of them are mentally unwell), hating the police, illegal aliens, and ending “hate” (while ignoring their Trump hatred and followers such as Antifa). The last can only be done by government removing 1st Amendment protections.
Weird. They forgot ‘climate change.’ Oh, well.
Look, say what you will about Trump, but the economy is doing well with him in the White House. I’m sure #NeverTrumpers will find ways to poo poo the report, as well.
Hmmm. The wage graph shows wages rising since 2013.
And this is now 8 years of jobs growth.
You didn’t build that. You or Zippy.
They’re just about level ’12 – ’16, except for that nasty little dip (no offense) and they only take off after ’16.
Except wages increased from 2015-2017.
Some of that, probably most, was the anticipation of a Trump Administration.
Again, sweet cheeks, they don’t really take off until 11/7/16.
When the economy crashed in 2007-2008, conservatives said Presidents don’t control the economy.
When the economy started recovering just after and continued for 6 years, conservatives said Presidents don’t control the economy.
When the economic recovery continued since 2017, it’s the tRump miracle!! LOL.
To his credit tRump did push through an economic stimulus plan.
The economy has only recovered in the past 2 years, as the GDP clearly indicates.
Trump cut taxes and regulations. He needed the help of Congress for both. He also persuaded many corporations to keep or expand manufacturing facilities in this country. He also fought for trade conditions more favorable to this country. With a favorable economic environment, business did the rest.
Trump may have been the catalyst, but there were a lot of moving parts. Like the Mocha Messiah, you seem to think all you need is a magic wand.
PS To what stimulus do you refer? The only one I recall in the last decade stuck us with those God-awful roundabouts.
Jeff,
We have told you before that the economy crashed because of Barney Frank. See how stupid you are.
But much of what you believe to be true is not.
The Great Recession was caused by the housing market crash, and resulting financial market meltdown.
The housing crash was caused by Christoper Dodd and his errand boy, Zippy.
The Great Recession was caused by the housing market crash, and resulting financial market meltdown.
It occurred before President Obama was elected, certainly before he was inaugurated in 2009.
Facts matter.
Jeff,
You don’t get it, never have, you can’t learn. Certainly you are right about the crashing of the housing market, caused by Frank and Clinton. This did occur under Bush but he was powerless to stop it as the Dem congress was pushing policies that were unstable. Obama came in and instituted Keynesian policies that don’t work, even the founder of the policy admitted it does not work. Trump came in and did polar opposite to Zippy and bang, we have one of the best economies ever. Winning, MAGA.
They didnt. In fact in the election of 2006 when NANNY PELOSI took over the house, the first thing they did was pass a minimum wage increase of 2 dollars which took place exactly as the economy was roaring to a halt because of huge gasoline prices and energy prices which were crushing the economy.
The senate consisted of 60 senators until Ted Kennedy was stricken and then Scott Brown was elected to vote against Obamacare dropping that number to 59.
As for your quote in most cases that is entirely true. In 2007-2009 the left passed a string of meausures which crashed the economy and Obama’s administration put thousands upon thousands of regulations on the economy further crashing it.
In the case of Trump he has undone these 1000’s of economy crushing regulations. He has personally forced Mexico and Canada to renegotiate a horrible treaty which encouraged jobs to flee to Mexico and parts to be built in Canada. hell even the NFL was taxed by Canada which no president could supposedly fix until it took TRUMP Five minutes to fix it for them.
In the case of Trump where congress has sat on their hands because RYAN hates trump and McConnel only cared about tax cuts, Trump has personally through his own actions has brought the economy from a crawl to a full blown sprint.
Obama is a corporatist. He is in bed with billionaires and corporations and played to their fiddle. He did things that benefited the George Soros billionaire types who are globalists. Its time you wake up and realize what a patsy you are for your own party. They are using the far left loons to gain back power when in fact the neo-liberals used you during the Bush presidency to bring him down.
They dug out the same game plan for trump but Trump was ready and now the left is in total disarrary because the Saul Alinsky playbook is trash and doesn’t work on the right anymore because we finally understand what has been thrown at us for the last 30 years.
This economy is owned by Trump and if the Democrats take back any power they will CRASH it with every fiber of their being because they WANT POWER NOT JOBS. They want POWER they dont care about you or blacks or muslims or illegals. They want POWER at any cost and crashing the economy will give them that power. Thats why you see all these billionaire hedgefund democrats selling off their stocks to bring the stockmarket down to try and win this election so their GLOBALIST AGENDA can get back on track so they can own 120 billion dollars like JEFF BEZOS… A LEFTIST ACTIVIST DEMOCRAT.
Mango,
You type steaming piles of GOP revisionist history daily.
TRump has been the incredibly lucky recipient of the tail of 8 years of expanding economy. To his credit he has yet to wreck it, and his massive, ill-advised tax cuts for the wealthy (while exploding deficits) gave a temporary boost. Of course, the costs of his policies are: the burgeoning debt, a trade war, degraded environment, increased wealth gap, more violence from the right, 6000 falsehoods from our White House, the loss of American prestige and more hatred.
https://www.forbes.com/sites/chuckjones/2018/10/30/two-charts-show-trumps-job-gains-are-just-a-continuation-from-obamas-presidency/?fbclid=IwAR1Ti7ZV1nrJpMcso59phfmt1xRaa1GrSyC32HeEibzIk18fjFkPgLx867o#14543dc21af3
When the next recession arrives, tRump will blame everyone else. He’ll blame the Fed, China, Dems, Repubs if they still have the House, immigrants, lazy Blacks… tRump WANTS the Dems to win the House so he can blame them.
Why aren’t the Repubs running on the economy and tax cuts? Because their base has benefited little. They ARE ginned up by tRump’s hatred of brown immigrants and the promise of returning white privilege.
Your own link reinforces my point. IN 2007 and 2008 and 2008 WHEN the DEMOCRATS TOOK OVER BOTH BRANCHES OF GOVERNMENT AND YOU CLAIMED THAT PRESIDENTS DONT AFFECT THE ECONOMY WE HAVE YOUR OWN CHART.
in two years the democrats in charge lost over 8.3 million jobs. Thank you for looking up the disaster the Left brought to our economy under their tutelage.
Now after the bottom was hit jobs began returning at the rate of around 2 million per year. So after 8 years of this awesome growth and Obama saying those jobs aint coming back….guess what ….they are coming back.
the only one revising history is you and your leftist echo chamber.
IF anyone cares to remember the JOBS BEING ADDED BY OBAMA WERE:
Let us look this up: FROM CNN dateline 2016 after Trump became president.
All the net job gains under President Obama have been in the private sector. Government jobs have actually declined by 341,000 since February 2009 (the first full month Obama was in office). That said, the government jobs that were lost were all at the state and local level.
NOTICE all the government jobs lost were state and local in all 50 states. WHY? Because the economy sucked, taxes were stagnant because no one was working GOOD JOBS.
OBAMA CREATED 11.9 MILLION SERVICE JOBS… you know. McDonalds and Wendys, and Starbucks and Chickfila all paying 9 bucks an hour. No one would hire more than 25 hours per week and pay the mandated OBAMA CARE to their employees. Thats why the CRY for a living wage and raising the minimum wage to 15 bucks an hour for restaurants.
Great jobs. Yes he created jobs but they were shit jobs and we all know it.
MAKE STUFF JOBS AS CNN PUT IT…..40,000. FORTY THOUSAND MANUFACTURING JOBS IN EIGHT YEARS!!!! A travesty.
Numbers dont always tell the truth. Ask any climate scientist.
BOTTOM LINE FROM CNN A PRO OBAMA ANTI TRUMP ORGANIZATION… The bottom line is: Almost all of the job gains under President Obama have been in so-called service jobs, such as those in Silicon Valley and consulting. Others are the low-end jobs, toiling in stores and restaurants.
Awesome economy under Obama. Now lets look at the economy for the states under Obama.
From the Washington post dateline 2014.
After years of cuts, state budgets show surpluses
Lets dig:
Seven states report surpluses. 43 states are still in the red with more job cuts to come. This is why they are laying off teachers and government workers at the end of Obama’s awesome economic recovery.
This does not even mention the war on coal and natural gas and blue states refusing to ship coal from Coal producing states because of their global warming fear mongering.
In short. Obamas recovery was a sham. It added millions of McDonalds jobs, part time with no benefits. This does not even mention the millions moved off the roles into college, welfare and Va disability as well as social security disability.
Anyone revisionist pile of crap comes from the left who use bogus statistics and then rely on the stupid voter as they call them to believe simple numbers without actually looking at those numbers in depth.
Actually we said that Con Men only accept that US Presidents influence the economy under Repubs when things are good, e.g., now. Carter was responsible for the early Reagan recession, but Reagan was responsible for the recovery. Cons insist that Reagan was responsible for the boom boom 90s, that Clinton was responsible for the first W recession, that Obama was responsible for Bush’s Great Recession, that tRump is responsible for the past 8 years of job growth. During Obama’s two terms, the stock market tripled, allowing tRump to take credit! LOL. You guys are a hoot.
The Great Recession was caused by the housing market crash, and resulting financial market meltdown.
The bipartisan Financial Crisis Inquiry Commission identified the key causes of the Great Recession: The housing market was overheated, i.e., unusually high inflation. Homeowners borrowed against the apparent increased value of their homes. Financial deregulation including financial firms taking too much risk, including the ‘shadow banking system’ of lightly regulated investment organizations. Mortgage companies were making money hand over fist writing bad loans and mortgages and passing the risk onto homeowners and investors buying the overrated financial instruments. The gov’t not curbing “toxic mortgage” practices. Bush’s Treasury, Congress and the Fed all ignored the signals. It was a failure at all levels of gov’t regulation and oversight.
For your information, the GOP controlled the House for the 12 years leading up to 2007. How did Obama, inaugurated in 2009 and the Dem House, early 2007, cause The Great Recession that started before then?
Revising history.
Unfortunately, tRump’s economic stimulus has resulted in record debt that the GOP proposes to correct by stealing money from retirees and the sick.
Look Jeff made a troll statement to try and get everyone upset.
I’m still trying to figure what stimulus he’s talking about (assuming he knows).
In any case, entitlements are broke and don’t take enough in to sustain themselves. The Rs would like to fix that, but, if the Demos want to ride that Hindenburg down to the deck in flames, so be it
Still pushing the old, “They gon’ take ‘way yore Soc Security”. You do realize nobody takes it seriously.
As for debt, your pal, Zippy, is still the champ and for you to whine about debt is the definition of hypocrisy. Zippy’s debt to GDP ratio was 105%. It’s been dropping since the election.
According to Gravedigger McConnell, their goal is to cut Social Security and Medicare, which has been the Holy Grail of conservatism for decades.
You’re lying again.
He said he’d like to do it, but the Demos would scream, so, as I say, if the Demos want to ride that Hindenburg down to the deck in flames, so be it
An expanding economy does not exist with 1.5 GDP and jobs going overseas.
And, as for blame, Zippy blamed everybody and everything, including luck, for the fact Recovery Summer never materialized until 2017.
And then he tried to take credit for it.
Trump’s brought back manufacturing jobs, improved our trade picture, put money in people’s pockets, and revitalized consumer confidence.
Funny how a lot more people are working now than when Zippy was not running things because a lot of that “employment” under Zippy was part-time, low wage employment.
Working 2 or more low-paying jobs is not the same as one well-paying one. 50,000 people lining up for a janitorial job is not indicative of good economic times.
Actually we said that Con Men only accept that US Presidents influence the economy under Repubs when things are good, e.g., now.
No, you’re lying or, more likely, in egregious error, once more.
This is something the news media has been doing for over a century, they’re the ones who lay the current economy at the feet of the current President. Obviously, you ignore anything that screws the agenda and your knowledge of history is close to non-existent, but this is so easily verified even you could manage it.