Politics Thread

[Juice]

Joe Concha
‏@JoeConchaTV
4.1 percent GDP for Q2: Context: Average GDP growth under the previous administration in its second term was 2.2 percent.

[paulxu]

Wait...did I sleep through something? Are we in Trump's second term?

[ArizonaXUGrad]

Fair, but I believe that it is sustainable....once there are a few consecutive quarters of economic prosperity, wage increases will occur...not everything is going to happen overnight. Plus, there are quite a bit of companies (all the top ones here in Louisville I know due to working with them) that have reintroduced their bonus structures they have not had in place for years and years. Those are not reflected in the wage statistics.

I think the economy is good and growing, but agree it is not sustainable without wage growth that isn’t happening. Companies just got flush with cash and they are buying treasury stock and not increasing wages. This makes me think companies see a recession coming.


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[ArizonaXUGrad]

I have a daughter and when she gets to that point, I'm going to direct her to one she can afford, just like my parents did to me. I drove a used ford escort fresh out of college because I had one of those shitty low crappy salaries...that's the real world.

I get the sense that you feel the government or society owes people something, I feel you make choices every day that determines where and how you end up in life. No one owes you anything. If you choose to work in a low paying profession, you made that choice. I know several areas that dont take college degrees that in Louisville ky you can make 6 figures which trust me is a lot of.money, you just have to be willing to work...plumbing, electrician, welder, etc.

Your second paragraph is an old tired argument. What if anything I have discussed said that I was owed anything? A vast majority people don’t choose to get sucky pay.

So for you it must the Cheeto head giving farmers socialism this week must have made your head explode. By your opinions, the government should have handed out bootstraps instead.


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[Lloyd Braun]

Joe Concha
‏@JoeConchaTV
4.1 percent GDP for Q2: Context: Average GDP growth under the previous administration in its second term was 2.2 percent.

Comparing one quarter to sixteen quarters seems like not a proper comparison.

@JohnJHarwood:
strong 4.1% growth under Trump in Q2 of 2018 would rank as 5th strongest Q of Obama presidency

—5.1% Q2 2014
—4.9% Q3 2014
—4.7% Q4 2011
—4.5% Q4 2009

Quibbling over economic growth is ridiculous IMO.

[X-man]

Fair, but I believe that it is sustainable....once there are a few consecutive quarters of economic prosperity, wage increases will occur...not everything is going to happen overnight. Plus, there are quite a bit of companies (all the top ones here in Louisville I know due to working with them) that have reintroduced their bonus structures they have not had in place for years and years. Those are not reflected in the wage statistics.

I hope that you are right, and that your anecdotal evidence about what is happening in Louisville proves to be the norm throughout the economy. Based on what I am hearing and reading from economists suggests otherwise. Time will tell.

[bobbiemcgee]

Joe Concha
‏@JoeConchaTV
4.1 percent GDP for Q2: Context: Average GDP growth under the previous administration in its second term was 2.2 percent.

We're spending 4.1 trillion this year and taking in 3.3 trillion. Yowza.

[Strange Brew]

We're spending 4.1 trillion this year and taking in 3.3 trillion. Yowza.

Interest rate hikes and too much Federal spending. Yikes!

[X-man]

Interest rate hikes and too little tax revenue. Yikes!

Fixed that for you.,

[Strange Brew]

Fixed that for you.,

Hey, pony. Show us that one trick again...

Tax money extracted by force from the citizenry is adequate.

Morons on both sides of the aisle spend too much.