General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is being handed a great economy. What happens when it goes south?
By Catherine Rampell Opinion writer December 26 at 7:01 PM
Back in October, a Marketplace-Edison Research Poll found that two-thirds of Donald Trump voters didnt trust government-reported economic data, thanks partly to their candidates insistence that the numbers are bogus.
Something tells me this attitude is about to change.
After all, Trump will soon take office with among the most favorable economic conditions as measured by the government and private data sources imaginable. And you can bet that he, and his supporters, will gleefully claim credit.
Until things go south, anyway.
For now, rose-colored economic data abound. The most recent jobs report shows the unemployment rate down to 4.6 percent. It hasnt been this low since August 2007, several months before the Great Recession began.
more
https://www.washingtonpost.com/opinions/trump-is-being-handed-a-great-economy-what-happens-when-it-goes-south/2016/12/26/524ff948-cba9-11e6-b8a2-8c2a61b0436f_story.html?utm_term=.4b1b70567ae4&wpisrc=nl_headlines&wpmm=1
Dustlawyer
(10,495 posts)longship
(40,416 posts)LonePirate
(13,419 posts)yuiyoshida
(41,831 posts)How much of this Economy will go straight into Trump's pocket?
bdamomma
(63,848 posts)have all of it. Of course the repigs will screw everything up for the country aren't they staying true to form voting for this POS.
jpak
(41,757 posts)A condemned history deja vu all over again.
NobodyHere
(2,810 posts)ksoze
(2,068 posts)edhopper
(33,575 posts)it is pretty good.
The long term trends of wealth and wages, started under and because of Reagan, continue.
[IMG][/IMG]
[IMG]?itok=eT4mR-92[/IMG]
lamp_shade
(14,831 posts)The Great Recession of 08/09 cost me 67% of my IRA and 56% of the value of my home.
They've both recovered completely and are moving in the right direction.
kimbutgar
(21,137 posts)It will take about 2 quarters before the orange hitler policies start to hurt the economy.
In 2007 I read about the mortgage industry giving out all these bad mortgages and selling them as CMO''s. I looked at the funds I had in my IRA and there were a lot of them. So I sold them and went to cash. My broker thought I was crazy. When things collapsed in 2008 he called me and asked how did I know? I had been working in the securities industry for 20 years and had been though some good and bad cycles. I saw the greed of some of the people working around me pushing bad investments on people. I stopped fully working in that industry in 2013 but I know things will start to take a bad direction after the 2nd quarter 2017. Plus all this rethug states will take hits as cut wages and pass more right to work laws.
edhopper
(33,575 posts)I figured between the budget and tax cuts they will pass, it will be sometime in 2018.
Unless he does something like collapse the dollar.
kimbutgar
(21,137 posts)They will extract revenge early in his presidency.
uponit7771
(90,335 posts)TheDebbieDee
(11,119 posts)kentuck
(111,092 posts)That is all they have, really.
randr
(12,412 posts)it will be his minions who suffer most.
It galls me when I hear the "they took our jobs" chant" coming from people who think a trip to WalMart is a family vacation.
briv1016
(1,570 posts)Keep in mind, they still haven't taken credit for the 08' crash. That was Obama's fault too.
greatauntoftriplets
(175,733 posts)Herr Drumpf will just line his pockets as was his intention.
Yo_Mama_Been_Loggin
(107,956 posts)itcfish
(1,828 posts)Obama and Hillary of course.