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Strong Job Wage Numbers Thanks To Obama Trump Gets No Credit


skews13
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The policies of only one of these men deserves credit for what's happening.

 

We’ve just elected a post-truth candidate for president in a post-truth, fake news-dominated society. That makes it even more important that we get the real facts out there and fight to control the narrative. This week we got news on the U.S. job market, and it confirms the recent trends: American workers are doing better than they have at any point since the 2008 crash and the Great Recession.

 

 

-1x-1-1.png?1479399076

 

 

The number of first-time unemployment claims fell this week to the lowest amount since 1973. Considering that the population and the labor force are more than 50 percent higher than they were in the 1970s, that’s even more impressive. The number of Americans filing continuing unemployment claims likewise dropped to a 16-year low.

 

 

-1x-1.jpg?1479398725

 

 

What about wages? We previously learned that, as of September, weekly earnings—adjusted for inflation—of production and non-supervisory workers reached a high not seen since the last months of the Carter administration.

 

The very newest data from this week told us that average hourly wages increased year over year by 2.8 percent, while another measure—one that tracks what individuals earn over time, and thus is not subject to demographic changes such as disproportionately more people who are earning higher incomes retiring as the workforce ages—showed wage growth going up by 3.9 percent year over year. As the charts to the right show, these are the best wage growth figures American workers have had since 2008.

 

Let’s talk about what this means going forward.

 

First of all, we need to make sure every American knows who is responsible for this success. And yes, although many Americans are suffering and have lost jobs, this is a real success.

 

That matters because it is proof that our policies—the stimulus, making the tax code more progressive, protecting consumers and the environment, ensuring greater access to health care—are consistent with a strong job and wage growth environment.

 

We just experienced the worst economic crisis since the 1930s, and our economy recovered more quickly and more strongly than just about any other wealthy country.

 

This means that Donald Trump will inherit an economy that is vastly different from the one that faced President Obama eight years ago. Just as we rightly demanded that Obama not be blamed for what happened under George W. Bush, we must demand that Trump and, more importantly, Republican policies not be given credit for what Obama’s policies have accomplished.

 

Let’s also scream from the rooftops that President Obama’s proposals for increased infrastructure spending—an idea Trump now claims as his own—were blocked by Congressional Republicans at every turn specifically because they would help the economy—and because the GOP didn’t want a Democratic president to get credit.

 

One might ask how Hillary Clinton isn’t going to be the next president, given the improvements on jobs and to workers’ paychecks. Well, she is going to get more votes than Trump, perhaps as many as 2 million more according to estimates.

 

Her lead already stands at over 1 million (that we have elected a president who lost the popular vote twice in 16 years shows how fundamentally flawed our election system is, and the same would be true if it worked in my party’s favor).

 

Looking at exit polls, for whatever value they have, we see that Clinton won a majority of those voters who said the economy was “the most important issue facing the country:” 52 percent of voters said so, and she won them 52 to 42.

 

By comparison, in 2012 more people said the economy was most important—59 percent of them did—and Obama lost those voters to Mitt Romney, 51 to 47. One interpretation is that when the economy is doing better, fewer people rate it as their top priority, and that hurts Democrats. Bill Clinton and Barack Obama became president during recessions, for example.

 

Hillary Clinton lost because of a small number of votes in three states. Perhaps if she’d talked more about the economy—both the successes of Democratic policies and what she’d do for those still left behind—she’d have picked up enough votes to overcome the electoral college’s flaws and the absurdly inappropriate actions of FBI Director James Comey.

 

It’s certainly true that the Clinton campaign made a conscious decision to focus more on Trump’s bigotry than on the economy and her plans to help the economically vulnerable. As Pascal-Emmanuel Gobry wrote: “It's something they bragged about at multiple stages of the campaign.” Morally, that was absolutely the right thing to do. But it may not have been the correct move politically, given that research clearly shows(here’s one famous example) that just about anything that reminds white voters that they are white makes them vote more Republican.

 

Going forward, this means that if we want to win elections, it’s still the economy, stupid. Democrats have to focus on the economy and talk about the record: how Republican policies cause huge messes and flow wealth toward those at the top, while Democratic policies get us out of those messes and—once they are in place long enough to take effect—do much better at creating an economy that works for the 99 percent, the people who benefit from a strong job market that produces good wage growth.

 

If Trump can take credit for what President Obama accomplished despite Republicans opposing his every move, he’ll easily win a second term.

 

http://www.dailykos.com/stories/2016/11/20/1598175/-More-strong-job-and-wage-numbers-thanks-to-Obama-policies-Don-t-let-Trump-claim-he-fixed-things

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Skews

You are usually reasonable and open minded

 

You keep saying trumps economic and trade policy will ruin us

If he actually tariffs these foreign goods then how in the world will that harm us?

That is the exactly what we need

The offshoring and free trade deals need to end

How can you by default promote free trade?

That goes against everything liberal

 

What's up skews?

I'm disappointed in you sir

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Skews

You are usually reasonable and open minded

 

You keep saying trumps economic and trade policy will ruin us

If he actually tariffs these foreign goods then how in the world will that harm us?

That is the exactly what we need

The offshoring and free trade deals need to end

How can you by default promote free trade?

That goes against everything liberal

 

What's up skews?

I'm disappointed in you sir

 

You forgot this part.......

smiley-crossing-fingers.png

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VulturesPA_468x447.jpg

Obama leaving is baked in and the markets love it.

 

 

Yeah......they always were big fans o' those (RAPED) Republican-economies.....after the Dems had come in, and done all the clean-up.....

http://news4florida.tripod.com/indexfraud.html

*

http://archive.is/sx9KC

*

http://www.dailykos.com/stories/2016/3/24/1505765/-Kasich-gives-GOP-credit-for-Clinton-economy-he-predicted-would-fail

*

http://www.perkel.com/politics/clinton/accomp.htm

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He did. More than once. Business is starting to get ready for lower tax rates. The millennials are going to get their big chance. NO MILLENNIAL SHOULD BE LEFT BEHIND. If Trump can get the corporations to bring the money back home at %15 he will have billions more to play with.

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Yeah obama "fixed" the economy, alright....with QE and debt. The mother of all bubbles.

 

Yippee!!!!

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P

 

Yeah obama "fixed" the economy, alright....with QE and debt. The mother of all bubbles.

Yippee!!!!

People that crash economies don't get to whine how the mess is cleaned up, or offer advice on how to do it.

 

The way Obama fixed it was slow steady growth. The opposite of the bubble that crashed it.

 

I now see why conservatives are clueless on economics.

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Obamatrump.jpg?1478819644

The policies of only one of these men deserves credit for what's happening.

 

We’ve just elected a post-truth candidate for president in a post-truth, fake news-dominated society. That makes it even more important that we get the real facts out there and fight to control the narrative. This week we got news on the U.S. job market, and it confirms the recent trends: American workers are doing better than they have at any point since the 2008 crash and the Great Recession.

 

 

-1x-1-1.png?1479399076

 

 

The number of first-time unemployment claims fell this week to the lowest amount since 1973. Considering that the population and the labor force are more than 50 percent higher than they were in the 1970s, that’s even more impressive. The number of Americans filing continuing unemployment claims likewise dropped to a 16-year low.

 

 

-1x-1.jpg?1479398725

 

 

What about wages? We previously learned that, as of September, weekly earnings—adjusted for inflation—of production and non-supervisory workers reached a high not seen since the last months of the Carter administration.

 

The very newest data from this week told us that average hourly wages increased year over year by 2.8 percent, while another measure—one that tracks what individuals earn over time, and thus is not subject to demographic changes such as disproportionately more people who are earning higher incomes retiring as the workforce ages—showed wage growth going up by 3.9 percent year over year. As the charts to the right show, these are the best wage growth figures American workers have had since 2008.

 

Let’s talk about what this means going forward.

 

First of all, we need to make sure every American knows who is responsible for this success. And yes, although many Americans are suffering and have lost jobs, this is a real success.

 

That matters because it is proof that our policies—the stimulus, making the tax code more progressive, protecting consumers and the environment, ensuring greater access to health care—are consistent with a strong job and wage growth environment.

 

We just experienced the worst economic crisis since the 1930s, and our economy recovered more quickly and more strongly than just about any other wealthy country.

 

This means that Donald Trump will inherit an economy that is vastly different from the one that faced President Obama eight years ago. Just as we rightly demanded that Obama not be blamed for what happened under George W. Bush, we must demand that Trump and, more importantly, Republican policies not be given credit for what Obama’s policies have accomplished.

 

Let’s also scream from the rooftops that President Obama’s proposals for increased infrastructure spending—an idea Trump now claims as his own—were blocked by Congressional Republicans at every turn specifically because they would help the economy—and because the GOP didn’t want a Democratic president to get credit.

 

One might ask how Hillary Clinton isn’t going to be the next president, given the improvements on jobs and to workers’ paychecks. Well, she is going to get more votes than Trump, perhaps as many as 2 million more according to estimates.

 

Her lead already stands at over 1 million (that we have elected a president who lost the popular vote twice in 16 years shows how fundamentally flawed our election system is, and the same would be true if it worked in my party’s favor).

 

Looking at exit polls, for whatever value they have, we see that Clinton won a majority of those voters who said the economy was “the most important issue facing the country:” 52 percent of voters said so, and she won them 52 to 42.

 

By comparison, in 2012 more people said the economy was most important—59 percent of them did—and Obama lost those voters to Mitt Romney, 51 to 47. One interpretation is that when the economy is doing better, fewer people rate it as their top priority, and that hurts Democrats. Bill Clinton and Barack Obama became president during recessions, for example.

 

Hillary Clinton lost because of a small number of votes in three states. Perhaps if she’d talked more about the economy—both the successes of Democratic policies and what she’d do for those still left behind—she’d have picked up enough votes to overcome the electoral college’s flaws and the absurdly inappropriate actions of FBI Director James Comey.

 

It’s certainly true that the Clinton campaign made a conscious decision to focus more on Trump’s bigotry than on the economy and her plans to help the economically vulnerable. As Pascal-Emmanuel Gobry wrote: “It's something they bragged about at multiple stages of the campaign.” Morally, that was absolutely the right thing to do. But it may not have been the correct move politically, given that research clearly shows(here’s one famous example) that just about anything that reminds white voters that they are white makes them vote more Republican.

 

Going forward, this means that if we want to win elections, it’s still the economy, stupid. Democrats have to focus on the economy and talk about the record: how Republican policies cause huge messes and flow wealth toward those at the top, while Democratic policies get us out of those messes and—once they are in place long enough to take effect—do much better at creating an economy that works for the 99 percent, the people who benefit from a strong job market that produces good wage growth.

 

If Trump can take credit for what President Obama accomplished despite Republicans opposing his every move, he’ll easily win a second term.

 

http://www.dailykos.com/stories/2016/11/20/1598175/-More-strong-job-and-wage-numbers-thanks-to-Obama-policies-Don-t-let-Trump-claim-he-fixed-things

 

Obama had nothing to do with the jobs numbers. LOL! Tell me the business Obama started and the number of private employees he employed. The same will be true for Trump.

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P

 

People that crash economies don't get to whine how the mess is cleaned up, or offer advice on how to do it.

 

The way Obama fixed it was slow steady growth. The opposite of the bubble that crashed it.

 

I now see why conservatives are clueless on economics.

 

LOL!!! Slow indeed. Almost so slow, it's unrecognizable as 'growth' at all...and to say nothing about QE and zero percent interest rates.

 

Clueless on economics. meh...

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The fact is that President Obama managed to do in eight years what nearly every economist said it would take ten to twelve years to accomplish. And it is quite unlikely Trump will be able to do as well if he spends more money on the military, veterans, infrastructure and healthcare while cutting taxes as drastically as he proposes.

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The fact is that President Obama managed to do in eight years what nearly every economist said it would take ten to twelve years to accomplish. And it is quite unlikely Trump will be able to do as well if he spends more money on the military, veterans, infrastructure and healthcare while cutting taxes as drastically as he proposes.

Yeah..

 

$10 trillion more in debt and 15 million more on food stamps is truly remarkable..

 

And you wonder about the recent election results ?????????

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The fact is that President Obama managed to do in eight years what nearly every economist said it would take ten to twelve years to accomplish. And it is quite unlikely Trump will be able to do as well if he spends more money on the military, veterans, infrastructure and healthcare while cutting taxes as drastically as he proposes.

 

Let's see here.

 

Obama managed to do in 8 years what every OTHER recession has taken 1- 1.5 years to overcome.

 

Any economist will tell you that a 1.5- 2% "growth rate" won't even keep up with population growth entering the job market.

 

But don't let those facts mess with your ideology. A failed one at that.

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The debt was not an issue in the presidential race.

If the money had not been spent to resuscitate the economy, we would be in a deep deep depression and the price would have been far higher. You don't know diddly about economics, you just spew right wing radio rantster crap.

 

 

 

Obama did all he could to keep the budget under control and he had NO HELP at all from the Republican'ts.

He spent every nickle that Congress allotted for deporting illegals, and the right wingers criticized him for not spending more.

 

Hillary got more votes. Trump's goal was to make the choice between the candidates so bad that many people stayed home and did not vote at all.

Trump depended in ignorance to lure stupid people into voting for him, and he succeeded.

\

Juniorbush was obviously a far worse choice than Al Gore, and we got 9-11, an unnecessary war poorly managed and a financial disaster. It is foolish to assume that Trump was the better candidate,and we shall now see what a horrible mistake it was that he finagled his way into the White House.

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Obamatrump.jpg?1478819644

The policies of only one of these men deserves credit for what's happening.

 

We’ve just elected a post-truth candidate for president in a post-truth, fake news-dominated society. That makes it even more important that we get the real facts out there and fight to control the narrative. This week we got news on the U.S. job market, and it confirms the recent trends: American workers are doing better than they have at any point since the 2008 crash and the Great Recession.

 

 

-1x-1-1.png?1479399076

 

 

The number of first-time unemployment claims fell this week to the lowest amount since 1973. Considering that the population and the labor force are more than 50 percent higher than they were in the 1970s, that’s even more impressive. The number of Americans filing continuing unemployment claims likewise dropped to a 16-year low.

 

 

-1x-1.jpg?1479398725

 

 

What about wages? We previously learned that, as of September, weekly earnings—adjusted for inflation—of production and non-supervisory workers reached a high not seen since the last months of the Carter administration.

 

The very newest data from this week told us that average hourly wages increased year over year by 2.8 percent, while another measure—one that tracks what individuals earn over time, and thus is not subject to demographic changes such as disproportionately more people who are earning higher incomes retiring as the workforce ages—showed wage growth going up by 3.9 percent year over year. As the charts to the right show, these are the best wage growth figures American workers have had since 2008.

 

Let’s talk about what this means going forward.

 

First of all, we need to make sure every American knows who is responsible for this success. And yes, although many Americans are suffering and have lost jobs, this is a real success.

 

That matters because it is proof that our policies—the stimulus, making the tax code more progressive, protecting consumers and the environment, ensuring greater access to health care—are consistent with a strong job and wage growth environment.

 

We just experienced the worst economic crisis since the 1930s, and our economy recovered more quickly and more strongly than just about any other wealthy country.

 

This means that Donald Trump will inherit an economy that is vastly different from the one that faced President Obama eight years ago. Just as we rightly demanded that Obama not be blamed for what happened under George W. Bush, we must demand that Trump and, more importantly, Republican policies not be given credit for what Obama’s policies have accomplished.

 

Let’s also scream from the rooftops that President Obama’s proposals for increased infrastructure spending—an idea Trump now claims as his own—were blocked by Congressional Republicans at every turn specifically because they would help the economy—and because the GOP didn’t want a Democratic president to get credit.

 

One might ask how Hillary Clinton isn’t going to be the next president, given the improvements on jobs and to workers’ paychecks. Well, she is going to get more votes than Trump, perhaps as many as 2 million more according to estimates.

 

Her lead already stands at over 1 million (that we have elected a president who lost the popular vote twice in 16 years shows how fundamentally flawed our election system is, and the same would be true if it worked in my party’s favor).

 

Looking at exit polls, for whatever value they have, we see that Clinton won a majority of those voters who said the economy was “the most important issue facing the country:” 52 percent of voters said so, and she won them 52 to 42.

 

By comparison, in 2012 more people said the economy was most important—59 percent of them did—and Obama lost those voters to Mitt Romney, 51 to 47. One interpretation is that when the economy is doing better, fewer people rate it as their top priority, and that hurts Democrats. Bill Clinton and Barack Obama became president during recessions, for example.

 

Hillary Clinton lost because of a small number of votes in three states. Perhaps if she’d talked more about the economy—both the successes of Democratic policies and what she’d do for those still left behind—she’d have picked up enough votes to overcome the electoral college’s flaws and the absurdly inappropriate actions of FBI Director James Comey.

 

It’s certainly true that the Clinton campaign made a conscious decision to focus more on Trump’s bigotry than on the economy and her plans to help the economically vulnerable. As Pascal-Emmanuel Gobry wrote: “It's something they bragged about at multiple stages of the campaign.” Morally, that was absolutely the right thing to do. But it may not have been the correct move politically, given that research clearly shows(here’s one famous example) that just about anything that reminds white voters that they are white makes them vote more Republican.

 

Going forward, this means that if we want to win elections, it’s still the economy, stupid. Democrats have to focus on the economy and talk about the record: how Republican policies cause huge messes and flow wealth toward those at the top, while Democratic policies get us out of those messes and—once they are in place long enough to take effect—do much better at creating an economy that works for the 99 percent, the people who benefit from a strong job market that produces good wage growth.

 

If Trump can take credit for what President Obama accomplished despite Republicans opposing his every move, he’ll easily win a second term.

 

http://www.dailykos.com/stories/2016/11/20/1598175/-More-strong-job-and-wage-numbers-thanks-to-Obama-policies-Don-t-let-Trump-claim-he-fixed-things

 

Yes , we know Obama is the better man. Anything else you want to add.

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We cannot credit Trump with any rise or fall in the market, as he has done nothing thus far.

The main factors that govern the daily performance of the market are greed and fear.

At any moment you can find predictions of a coming total apocalypse of the market and a prediction that the DJIA will hit 25,000 by next fall.

 

Overall, President Obama has done VERY WELL for investors who invested in a broad spectrum of stocks and who were unaffected by panic and fast-buck predictions.

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We cannot credit Trump with any rise or fall in the market, as he has done nothing thus far.

The main factors that govern the daily performance of the market are greed and fear.

At any moment you can find predictions of a coming total apocalypse of the market and a prediction that the DJIA will hit 25,000 by next fall.

 

Overall, President Obama has done VERY WELL for investors who invested in a broad spectrum of stocks and who were unaffected by panic and fast-buck predictions.

 

Obama has done well for the investors?

 

We both know it's a big bubble

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