Baby boomers are retiring. 74 years since the boom started. Plus wages

[applegrove]

are stagnant (globalism, GOP fighting unions, automation) so the inflation rate stays low and the economy can go on and on. Workers fight inflation that way (for the rich). That is why growth was 3.2%. Has nothing to do with tax cuts. Don't let the GOP close the circuit on taking credit for it. It is demographics and workers not getting raises.

[Lucky Luciano]

1. It probably is tax cuts that are debt financed.

You are supposed to do that in recessions...now we have no ammo if a recession hits. More tax cuts when needed to stimulate the middle class during a recession? Unlikely.

[BSdetect]

2. As long as we allow companies to avoid tax despite massive earnings we are stuffed

So many lurks are available for them to claim expenses that there is nothing to pay and in fact they get refunds.

[FakeNoose]

3. We need new metrics for describing our economy

In a few years, it will make no sense talking about "full employment" or "unemployment" because most industries will be automated. Very few people will be employed when the robots take over. The vast wealth that the 1 per-centers have accumulated will be used to buy the robots that will put everyone else out of work. We're financing that take-over now by giving them (the immensely wealthy business owners) all the cash they need and soon the coup will be complete.

How is this a booming economy, when a few hundred-thousand people have more money than they can spend in a lifetime, and the rest of us can barely pay our bills and put food on the table? It's only booming for the 1 per-centers, not for the rest of us. The price of gasoline has gone up $.50 per gallon in the last couple months. Farmers can barely afford to grow food but prices keep going up in the stores. What happens when American industries lay everybody off? Chump isn't doing favors for anyone except the ultra-wealthy, and of course the Democrats realize it.

A few areas of service jobs will still be needed, but our entire way of life will change in the next few years.