Can anyone name a G-7 country that has a better economy right now than the US?

According to the St Louis Fed real wages at the end of q4 2020 was 377.  At the end of Q3 2023 real wages were 365, a decline 3.2%.  The small increase in q4 doesn't make up for the last 3 years decline.

 

https://fred.stlouisfed.org/series/LES1252881600Q

 

Prior to the pandemic recession, employment was 157.5m.  It is now 161; an increase of only 2.2%.

 

Meanwhile under President Trump employment grew from 148.8m to 157.5, an increase of 5.8%.  Employment growth stopped with the pandemic recession..

 

https://www.statista.com/statistics/269959/employment-in-the-united-states/ 

Originally posted by: tom

According to the St Louis Fed real wages at the end of q4 2020 was 377.  At the end of Q3 2023 real wages were 365, a decline 3.2%.  The small increase in q4 doesn't make up for the last 3 years decline.

 

https://fred.stlouisfed.org/series/LES1252881600Q

 

Prior to the pandemic recession, employment was 157.5m.  It is now 161; an increase of only 2.2%.

 

Meanwhile under President Trump employment grew from 148.8m to 157.5, an increase of 5.8%.  Employment growth stopped with the pandemic recession..

 

https://www.statista.com/statistics/269959/employment-in-the-united-states/ 


Don't confuse these people with facts.  After all, Kevin still argues that Portland is thriving, all the while using Portland suburban data to support his point.  Never trust a Lyin' Liberal.

Oh, I get it. 

 

If you  exclude the pandemic from Trump's data - but include it with Biden's data then Trump doesnt look like a complete clusterfuck by camparison.   Hey - whatever helps you sleep at night.     

 

Something that else that might help you sleep better - the Jan 6 thugs were really Antifa in disguise.

 

 

 

 

 

 

 

Originally posted by: tom

According to the St Louis Fed real wages at the end of q4 2020 was 377.  At the end of Q3 2023 real wages were 365, a decline 3.2%.  The small increase in q4 doesn't make up for the last 3 years decline.

 

https://fred.stlouisfed.org/series/LES1252881600Q

 

Prior to the pandemic recession, employment was 157.5m.  It is now 161; an increase of only 2.2%.

 

Meanwhile under President Trump employment grew from 148.8m to 157.5, an increase of 5.8%.  Employment growth stopped with the pandemic recession..

 

https://www.statista.com/statistics/269959/employment-in-the-united-states/ 


"Other than that, how was the play Mrs. Lincoln?"


Originally posted by: tom

According to the St Louis Fed real wages at the end of q4 2020 was 377.  At the end of Q3 2023 real wages were 365, a decline 3.2%.  The small increase in q4 doesn't make up for the last 3 years decline.

 

https://fred.stlouisfed.org/series/LES1252881600Q

 

Prior to the pandemic recession, employment was 157.5m.  It is now 161; an increase of only 2.2%.

 

Meanwhile under President Trump employment grew from 148.8m to 157.5, an increase of 5.8%.  Employment growth stopped with the pandemic recession..

 

https://www.statista.com/statistics/269959/employment-in-the-united-states/ 


So, under your orange hero, and excluding the pandemic era, the raw number of people employed grew by about 1.9% a year.

 

Under Obama, during the preceding four years, employment grew by...1.9 percent a year. So, Trump inherited the Obama economy, until he fucked it up with his botched response to the pandemic.

 

This is where stupid Tommie-poo scrambles to the interblab and yeeps that job growth under Obama during his first term was much lower. But, in true stupid Tommie-poo cherry-picking style, that ignores the fact that at that time, we were recovering from a massive Republican recession.

 

Stupid Tommie-poo cherry-picks data, like comparing Trump to Obama, and IGNORING two simple facts: that Obama pulled us out of the worst recession in decades, and he pretends that the pandemic period doesn't count.

 

Stupid Tommie-poo doesn't understand that numbers without context are meaningless.

 

Stupid Tommie-poo doesn't want to admit that the economy is doing very well.

 

Stupid Tommie-poo.

Employment at the end of 2008 was 145.4m.  Employment at the end of 2016 was 153.3m; an increase of  0.9%

 

The recession was while obama was president, so it was his recession.

 

Employment growth was higher under Trump, inflation was lower, there was real wage growth & unemployment was comparable.

 

What did president Trump do that was wrong during the pandemic?  The democrats supported the shutdowns & he brought the vaccine to market in under year, which fauci said couldn't be done

The 2008 financial crisis was the unregulated mess that happened under W   in the spirit of getting government off the back of the private sector so they could sell $500k mortgages to minimum wage workers.       

 

Not only did Obama turn that mess into a thriving economy with 4.9% unemployment - he also passed laws that required banks to capitalize themselves to avoid future government bailouts.   Tom and the Republicans kicked and screamed throughout that entire process.     Ten years later the banks navigated through the  pandemic with their own money all because of Dodd/Frank.  If we had let Tom and Republicans have their way we would have required another bailout.

 

But as it was Trump borrowed 7 Trillion anyway.    And fiscal hawk Tom cried about that almost as much as he did when Trump played golf.

Originally posted by: tom

Employment at the end of 2008 was 145.4m.  Employment at the end of 2016 was 153.3m; an increase of  0.9%

 

The recession was while obama was president, so it was his recession.

 

Employment growth was higher under Trump, inflation was lower, there was real wage growth & unemployment was comparable.

 

What did president Trump do that was wrong during the pandemic?  The democrats supported the shutdowns & he brought the vaccine to market in under year, which fauci said couldn't be done


Because the 2008 recession had its origins in subprime lending and other financial scams dating back to 2005, it started under Republican rule and was a Republican recession. To say it was Obama's recession just because he got stuck with it is a special kind of Tommie-poo stupid. But he FIXED it.

 

What did Trump do wrong? He got all race-baited and imposed travel restrictions on CHINA, but none on Europe--even though Fauci and others repeatedly told him that infections were coming from EUROPE. Then, on top of that idiocy, Trump a) told everybody not to worry, it would all go away b) to drink bleach c) to shoot up with horse tranquilizer.

 

As a result, we had HALF A MILLION "EXTRA" COVID DEATHS. That's our death rate compared with that of other industrialized countries.

 

Do you think that had any effect on the economy, Tom? The idiot blunders of the guy YOU voted for?

 

You share the blame for the death and economic destruction Trump caused. Shame on you.

If you exclude the pandemic from Trump's data - but include it with Biden's data

 

The pandemic was a global event & President Trump had no control over its effects.

 

With biden, he chose to continue & prolong the problem with school & business shutdowns, mask & vaccine mandates.  You had idiots like cuomo who had National Guard troops at the airports making sure people were quarantined after traveling in their own country.

https://www.nbcnewyork.com/news/coronavirus/nj-gov-plans-friday-briefing-a-day-after-warning-of-imminent-new-covid-restrictions/2707173/

 

newsom admits he screwed up with his 74 dictates & 600 rules

https://www.politico.com/news/2023/09/10/newsom-covid-california-00114888

 

But as it was Trump borrowed 7 Trillion anyway

The spending was approved by huge majorities in Congress.  Both parties are at fault.

 

The 2008 financial crisis was the unregulated mess that happened under W in the spirit of getting government off the back of the private sector so they could sell $500k mortgages to minimum wage workers

 

pj is becoming as delusional as kevin. Try blaming clinton

 

According to Time magazine

Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods.

 

According to liberal bastion Guardian 

Wall Street deregulation, blamed for deepening the banking crisis, was aggressively pushed by advisers to Bill Clinton who have also been at the heart of current White House policy-making, according to newly disclosed documents from his presidential library. The previously restricted papers reveal two separate attempts, in 1995 and 1997, to hurry Clinton into supporting a repeal of the Depression-era Glass Steagall Act and allow investment banks, insurers and retail banks to merge.

 

Yes - the pandemic was a global event that effected the entire world.  Thats why we had global stimulus, global inflation, global supply chain problems, and global reset of the global economy.

 

Isnt it interesting that Tom recognizes it as a global problem when Trump was president but it was a Joe Biden problem starting the day after Republicans failed at the insurrection?    But the economy has largely reset and gets better every day....thats why Tom has to continually move his goal posts and find something new to cry about.

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