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Business, Economics & Tax Policy 7: Workers of the world unite!

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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

ScoobyDoo said:
Which means there was no reason to give a tax cut for anything since 2009. The stimulus, however, was too small. How's that infrastructure bill coming? Yeah, that's what I thought.
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You're confusing a bull market with a growing economy; the two are separate but often correlate.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

FlagDUDE08 said:
I don't think we were in a bull market when Obama was in.
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You really aren't very bright, are you? You can't have a longest bull market ever in just the year and a half since Red Don took office.


But we know, everything sucked under Obama. It's all been fixed now.

GDP growth at the rate we're seeing is something Obama claimed wasn't even possible.
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You know Obama had at least 4 or 5 quarters of better economic growth than Red Don's put up so far, don't you? So I guess you're lying here. Or perhaps you're just ignorant. Your choice.
 
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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

What's interesting to me is we've become to accept tepid as the norm.

We haven't seen a real quarterly GDP number over 5% since the 1980s; we're supposed to think going over 3% is time for parades.

The problem with that? Be we get 5s or 3s, the bottoms still are ugly as ever. And it takes a lot more 3s than 5s to recover from those -8s and -10s. :(
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

I’ll take long and tepid over short lived and big.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

The Sicatoka said:
What's interesting to me is we've become to accept tepid as the norm.

We haven't seen a real quarterly GDP number over 5% since the 1980s; we're supposed to think going over 3% is time for parades.

The problem with that? Be we get 5s or 3s, the bottoms still are ugly as ever. And it takes a lot more 3s than 5s to recover from those -8s and -10s. :(
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quarter 2, 2014, 5.1%
quarter 3, 2014, 4.9%

You were saying? Oh, that's right. Obama faked the economic numbers. Now that Red Don is in office, the numbers are accurate.

Edit. The only time we've been at -8 was under Dubya. Before that you have to go back to Reagan. Clinton was consistently in the high 4's. So I guess not really that interesting. What do you expect of an economy recovering from the greatest crisis since the Great Depression, and one that only offers economic gains to the top 1%?
 
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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

The Sicatoka said:
What's interesting to me is we've become to accept tepid as the norm.

We haven't seen a real quarterly GDP number over 5% since the 1980s; we're supposed to think going over 3% is time for parades.

The problem with that? Be we get 5s or 3s, the bottoms still are ugly as ever. And it takes a lot more 3s than 5s to recover from those -8s and -10s. :(
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Just imagine if we gave the gains to the workers instead of the owners. That money would continue to cycle through and create more growth instead of sitting in some ******canoe's offshore account because he has more money than he can possibly spend.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

The Sicatoka said:
What's interesting to me is we've become to accept tepid as the norm.

We haven't seen a real quarterly GDP number over 5% since the 1980s; we're supposed to think going over 3% is time for parades.

The problem with that? Be we get 5s or 3s, the bottoms still are ugly as ever. And it takes a lot more 3s than 5s to recover from those -8s and -10s. :(
Click to expand...

Globalization of our economies will have that effect. When larger percentages of a developed economy, like the US, gets into the free trade markets, we're going to see slowed growth. Conversely, our population gets more bang for the buck, and thus offsetting the reduced growth rate. A cheap t-shirt made in the USA goes for $15-20, but that same shirt made in Viet Nam will sell for $6-9.

Long ago we made a choice to increase the purchasing power of existing income (GDP) over higher potential income. In part, that's because the path of global trade has greater potential to serve both the rich and the poor alike. The rich manufacturers see their bottom lines increase with offshore production facilities, and the poor benefit from cheaper clothes and food. It's not perfect, but it's reality.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

jerphisch said:
Just imagine if we gave the gains to the workers instead of the owners. That money would continue to cycle through and create more growth instead of sitting in some ******canoe's offshore account because he has more money than he can possibly spend.
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This. GDP growth and the stock market increases are all fine and dandy but when all of the gains go to 1% of the population it isn't really worth celebrating. At least I'm gonna assume nobody on here is a billionaire.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

rufus said:
quarter 2, 2014, 5.1%
quarter 3, 2014, 4.9%

You were saying? Oh, that's right. Obama faked the economic numbers. Now that Red Don is in office, the numbers are accurate.

Edit. The only time we've been at -8 was under Dubya. Before that you have to go back to Reagan. Clinton was consistently in the high 4's. So I guess not really that interesting. What do you expect of an economy recovering from the greatest crisis since the Great Depression, and one that only offers economic gains to the top 1%?
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You do know, after a while, the numbers are adjusted, yes? They do the same with Trump.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

FlagDUDE08 said:
You do know, after a while, the numbers are adjusted, yes? They do the same with Trump.
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And what's your point? That 4% growth in 2016 dollars isn't the same as 4% growth in 1950's dollars? Well duh.


The growth numbers don't change though. You wanna show me GDP numbers adjusted for inflation, then go right ahead. By your argument, you're saying that Red Don's recent 4% quarter isn't any better than Obama's 3% quarter from 2011. You sure that's the hill you wanna die on?
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Also by your standard, this record stock market doesn't mean crap, cause once you adjust for inflation, it's just the same as any other year.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

rufus said:
And what's your point? That 4% growth in 2016 dollars isn't the same as 4% growth in 1950's dollars? Well duh.


The growth numbers don't change though. You wanna show me GDP numbers adjusted for inflation, then go right ahead. By your argument, you're saying that Red Don's recent 4% quarter isn't any better than Obama's 3% quarter from 2011. You sure that's the hill you wanna die on?
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My argument has nothing to do with inflation. They put the numbers out quickly, and then once everything's been settled and figured out, correct any errors that were made and come out with a final number.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Sure. But I'd say it's a safe bet that 2014 numbers aren't gonna be revised any time soon. They're pretty much what they are.


You still haven't shown where Red Don's GDP growth has been any more impressive than what it was under Obama. But I forget, Obama was fudging the numbers, Red Don tells it like it is.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

rufus said:
Sure. But I'd say it's a safe bet that 2014 numbers aren't gonna be revised any time soon. They're pretty much what they are.
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No, no, those numbers from four years ago are just ripe to be downgraded to 2%. The ones from last quarter, though, will stay unchanged forever.
 
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