Trump's New Deal For Black America

Discussion in 'Politics' started by Bliss, Nov 11, 2016.

  1. The Dark King

    The Dark King Well-Known Member

    I see this and I start laughing like a damn bond villain
     
  2. The Dark King

    The Dark King Well-Known Member

    Nope its good for him. I can recognize when things are good for me but I can see how it sucks for others.
     
  3. Bliss

    Bliss Well-Known Member

    How is more jobs good for him but not good for others? Why would lower unemployment NOT benefit others and everyone? Are you serious? Your hate for capitalism is blinding you. Why are you even in a capitalistic profession?
     
    Last edited: Apr 29, 2018
  4. Bliss

    Bliss Well-Known Member

    So don't create jobs then? Forget our capatalist system and way of life because other countries have it figured out, since apparently we don't?
    What the heck do you want Thump?
    Speak.
     
  5. The Dark King

    The Dark King Well-Known Member

    You think more money equals more jobs? What kind of jobs Bliss? You were the first one under Obama to point out that the unemployment numbers were bs because a lot of people dropped out. Now it's because Trump is doing a good job?
    Hypocrite party of one please
     
  6. Bliss

    Bliss Well-Known Member

    A lot did drop out. Are you saying that's what's happening now? Lol!
    Companies can't find enough workers and this is coming from leftist news. It was an employers market during the recession in his first term, now it's an employees market. Prove me wrong.

    Bottom line, capitalism creates jobs. The private sector has always exceeded the Government in providing quality of life and is responsible for the growth of the middle-class. Show me a socialist/communist country that relies on their Government for employment of its citizens, that is thriving.
     
  7. Thump

    Thump Well-Known Member

    All I want is for rich people to stop lying about their true motivations, and for the gullible to stop voting for their own oppression. The rich could care less about the economy all they care about is their own pockets. These so-called job creators wouldn't care at all if our country was like one of those third world countries where 1% of 1% has all the money and everybody else is eating dirt sandwiches.
     
  8. Loki

    Loki Well-Known Member

    Here is a pretty fair analysis of the job market/economy since 2017. Some good news some not so good news...https://www.bloomberg.com/graphics/2018-has-trump-made-economy-great-again/
     
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  9. The Dark King

    The Dark King Well-Known Member

    The united states post new deal
     
  10. Bliss

    Bliss Well-Known Member

    Who's happy? Let me guess...lol.
    Anyone? (I sure am!) :D

    Black unemployment rate hits a record low

    CNN.com
    By Paul R. La Monica June 1, 2018: 11:52 AM ET

    The black unemployment rate fell to 5.9% in May — the lowest since the government started keeping track in 1972.

    It's a notoriously volatile number, but the trend is clear: This economy is strong, and everyone is reaping the rewards.

    "The jobs market is firing on all pistons. It is benefiting all workers," said Tony Bedikian, head of global markets at Citizens Bank. "There are more jobs to be had for all Americans."

    As the overall unemployment rate continues to fall — the lowest since 2000 — it's also shrinking the gap between black and white unemployment. It is the narrowest on record.

    Black unemployment dropped sharply last month, down from 6.6% in April. The gap between black and white unemployment shrank to 2.4 percentage points, the first time on record it's been less than 3 points.


    The figures were part of a jobs report Friday that showed overall unemployment at 3.8%. That was a clear sign that the economy is strong — and that there are opportunities for just about everyone. :D

    More:...
    http://money.cnn.com/2018/06/01/news/economy/black-unemployment-rate-record-low/index.html
     
  11. Loki

    Loki Well-Known Member

    And yet the LFPR (Labor Force Participation Rate) is still at the same level it was in the 2nd half of 2013, https://data.bls.gov/timeseries/LNS11300000
    So I ask again, why do you believe the stats now, but did not want to give President Obama ANY credit for cutting the unemployment rate in half during his term? What we are seeing now is a result of aggressive policies by the Fed for the last 9 years finally paying off. Are you aware that the Fed is STILL buying billions of dollars of long term government bonds EVERY month? And are STILL buying non performing assets on wall street to stabilize the markets? In other words the economy is STILL not standing on its own two feet, and even an econ 101 student could tell you the positive signs we are seeing have NOTHING TO DO WITH TRUMP.
     
  12. Bliss

    Bliss Well-Known Member

    So ypu know better than economic experts?
    "Nothing to do with Trump".
    Yet, you say the historic lows we are witnessing "had EVERYTHING to do with Obama"? Please.
    Which is it? Let me guess, the spikes in unemployment during Obama had "everything to do with Bush". Right?

    During Obama's first year, unemployment spiked to almost 10% and remained there for 3 years.
    THAT'S when l complained.
    lm talking about real life during that time, Loki. I saw for myself the lack of jobs.
    You didn't have to worry because you were always financially set with your firm, but for any of us regular people who struggled for years to make ends meet, we knew the truth. Finding a second job (which l needed), was HARD.
    Now.....my inbox is full daily with multiple jobs (ironically, l don't need the 2nd job anymore), whereas before, l got a couple of hits maybe once every 3 days.
    I even read that there are now more jobs available than people to fill them.
    Are you mad at that?
    You really should stop complaining that currently under Trump, unemployment and black unemployment continues to lower. (trust me, if it was raising, l'd be complaining). It's not a good look.
     
  13. andreboba

    andreboba Well-Known Member

    Bliss, unemployment wasn't at 10% for 4 years under Obama.
    https://data.bls.gov/timeseries/LNS14000000

    We had 6 straight years of positive job growth under Obama leading right into the Trump administration.

    Trump is just riding the wave. He's done nothing legislatively to improve job growth.

    Job growth was good before Trump signed the trillion + dollar tax cut for the one-percent, and it's continued since.
     
  14. Loki

    Loki Well-Known Member

    I was going to respond with more FACTS, but Boba already beat me to it. The unemployment rate dropped after Obama was in office for about 3-4 years, in other words enough time for his (and more importantly the Fed) actions to actually have an effect (as the overwhelming majority of economist will tell you). Trump has simply not been in office long enough for any of his policies (if you can name one) to have an effect on the unemployment rate, but the Fed has been acting for going on 9 years now. Bliss you have no formal education (if im wrong please correct me) or experience on complex financial/economic topics, I have an MBA and have worked in the financial markets for decades now, when I talk its based on facts not on hating Trump or loving Obama.
     
  15. Bliss

    Bliss Well-Known Member

    I never said it was 4 years, and never said it was 10%.
    l said almost, in his first 3 years.
    Here is the proof.

    https://data.bls.gov/timeseries/LNS14000000

    FACTS.
     
  16. Loki

    Loki Well-Known Member

  17. Bliss

    Bliss Well-Known Member

  18. Loki

    Loki Well-Known Member

    The chart you posted (glad you are finally paying attention to and believing the BLS) supports what I have been saying all along, it takes a while, usually at least one term, for presidential policies, and again more importantly the Feds policies, to truly have an effect on an economy.

    Obama had the unique disadvantage of taking office in the midst of the worst financial crisis since the Great Depression. More than 4 million jobs were lost in his first year in office, on top of the 4 million lost in George W. Bush’s final year. So Obama was handed an economy that was losing about 400,000 jobs each month! Of course no one person can turn those numbers around in just a year or two, thats just not how an economy works, even with the historic and aggressive intervention of the fed, (dropping the FFR to .25% a historic low). Think of the economy like an aircraft carrier, those things cant just turn on a dime and reverse course, its a very slow process of slowing in one direction and then very slowly turning. Below is a handy chart to see what a fantastic job President Obama did (some bad but mostly outstanding) on the economy in the face of historic challenges...

    https://www.factcheck.org/2017/09/obamas-final-numbers/


    [​IMG]
     
  19. Bliss

    Bliss Well-Known Member

    Second link seems fair. (enough)
    First is a little dated as it was created back in January, 2018, using December 2017 snd prior figures.

    Here are more recent numbers:
    Job growth surged in May 2018
    https://www.politico.com/story/2018/06/01/economy-job-growth-may-616319

    Trump Scoreboard shows fastest jobs growth of his presidency
    By Steve Goldstein
    Published: Mar 9, 2018 11:53 am ET

    https://www.marketwatch.com/story/t...test-jobs-growth-of-his-presidency-2018-03-09
     
  20. Bliss

    Bliss Well-Known Member

    I've seen that chart already (earlier today).

    Bush dealt with not one, but 2 recessions during his Presidency, so yes, employment is affected.

    I'm aware that Obama's first year wasn't easy and gave him that space (criticism wise) when his unemployment numbers surged so high. But second and third years, there was nary an improvement. So l had every reason to complain.

    Trumps continued down spiral of unemployment numbers in his first 500 days is spectacular. No one should be knocking it.

    Having said that, this article is fair snd balanced and gives Obama fair credit as well as appreciating the current trend under Trump.

    https://www.npr.org/2017/01/07/508600239/what-kind-of-jobs-president-has-obama-been-in-8-charts
     

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