Damage control

The St Louis Fed's metric for real wages was 347 when Obama took office & was 340 when he left. When President Trump left it was 371. 

The object is for it to go up. 

Originally posted by: tom

The St Louis Fed's metric for real wages was 347 when Obama took office & was 340 when he left. When President Trump left it was 371. 

The object is for it to go up. 


Tom, screw reality!

Originally posted by: tom

The St Louis Fed's metric for real wages was 347 when Obama took office & was 340 when he left. When President Trump left it was 371. 

The object is for it to go up. 


Can't take your word for it, Tommie-poo. Provide a link to a source. Not Fox News or Breitbart--a real source.

 

But it wouldn't be surprising if wages increased under Trump, since he inherited the Obama economy. Obama, by contrast, inherited the Dubya recession.

 

The only meaningful measure is how much real wages INCREASED under each President. I notice you mentioned only the end points, not the starting points.

 

No cherry-picking your data, Tommie-poo. I won't let you.

Not sure wages matter a hell of a lot with this inflation under our current ass clown!


I gave you the source. Go look it up. These are real wages adjusted for inflation. 

obama's start was 347 & ended at 340. Trump started at 340 & finished at 370. Pretty self explanatory. 

When you say inflation "under," you're implying that the President (whoever he is at the time) has direct and total control over inflation and he is the primary reason why inflation exists.

 

That's so breathtakingly stupid, it's beneath comment. The President does not control the economy, or any part of it. He doesn't set fiscal policy. He doesn't direct the Fed. Congress and the Senate, not him, make the decisions on federal spending.

 

Furthermore, consumer prices are much more influenced by conditions outside the US than within it. We're only 5% of the world's economy. The President doesn't control the cost or the price of any goods, and has no control over economic conditions in the rest of the world--which is where we get much of our goods.

 

So blaming Biden for inflation is like blaming him for an earthquake. But I realize that conservitards will use any excuse to attack him, even if they make themselves look like utter fools in the process.

Edited on Nov 1, 2021 10:06am

There is no such government agency as the "St. Louis Fed." The Fed, as in Federal Reserve, is located in Washington, D.C. You know, our nation's capital.

 

So unless you can tell us the actual source...I call conservitard bullshit. Real wages have increased at roughly 1% a year for the last 30 years. No way in hell were they less at the end of Obama's Presidency than at the beginning. And no way in hell did they increase by almost 9% during the Trump administration.

 

I'm sure that what you're doing is reading some "source" and fixating on whatever numbers you like to see, without knowing what they are or what they mean.

Edited on Oct 31, 2021 8:19pm

Oh, I found Tommie-poo's "Fred" so-called source, and according to that source, wages at the end of the last quarter of 2008 were 340...and at the end of 2016, they were 349. So Tommie-poo can't even read his own nonsense.

 

Of course, all this discussion is based on the silly presumption that who the President is dictates wages and wage growth--which is stupid, even for a cretin like Tommie-poo. Private employers dictate wage growth (though the government does employ many people, prevailing wages are determined by the private sector).

 

All of our conservitards drastically overstate the role the President plays in the economy. Of course, they do that to lavishly praise Trump and attack Obama and Biden--when in reality, the influence that the government has on the economy does not come from the executive branch. This is doubtless too deep for the Tommie-poo crowd to fathom.

His policies most certainly do!

Edited on Nov 1, 2021 2:40pm
Originally posted by: rdwoodpecker

His policies most certainly do!


Actually, no, they don't. The free market--of which Republicans claim to be so very, very fond--determines the price of virtually all goods and services, including labor.

 

Wages are increasing because for the first time in decades, it's a seller's market for labor. I realize that conservitards hate hate hate hate hate that, because it slightly loosens the grip their corporate masters have on America.

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