JOBS: Trump Fails Again

Jul 2019
2,646
1,421
Georgia
#11
A shit storm from the left calling for an uncontrolled slide into socialism/communism has required a shit storm from the right. His name is Trump.

I don't see anyone in the Democrat camp who are the Democrats I followed in the 60s. The Democrat party changed so radically that I had to leave. I have no place fr the old Dems anymore. They failed to take their party back like they tried to tell us they were going to do. All we're seeing today is a replay of what the Dems did in the 60s n the Republican party. What I see is a strong agreement in the Republican party now that was not in evidence in the Dems when they flipped.
Not exactly on topic but my move out of Calif in 2002 and traveling the country and settling in what's considered a swing state has really opened my eyes to the reality of the true political nature of the country.
right. there was a realignment of the parties, which started in the early 60's.

basically today's Republicans are yesterday's Dems, and vice-versa

however, Republicans used to be able to at least claim to be conservatives, and the party of morals and values, and that's flown out the window now with trump.

your post is agreeable, minus the first sentence. it's completely off base. and you even point at the true underlying reason with the second part of your post.
 
Likes: foundit66
Dec 2018
2,368
1,649
Wisconsin
#14
I've told this story before and I'll tell it again.

I had an economics professor who once said we as a nation could easily get unemployment down to 0%. Easily. The class looked around confused. After a bit of murmuring, he said we would simply need to re-institute slavery. There was a bit of a chuckle in the room but the professor didn't laugh. He explained that if all we care about is people having jobs, we can give them the most bare bones jobs with the worst compensation. So when we're looking at jobs added or jobs lost, it's an incomplete picture.

Numbers like these have very little meaning to me.

Andrew Yang has a great anecdote that his wife is a stay-at-home mom raising their two children, one of which is autistic. According to how we measure economic success in this country, her value to the country is $0. But we all know this is not true.

We need to find a better way of measure the success of the country than by simply counting jobs and measuring wages.
 
Likes: se7en
Jul 2019
2,646
1,421
Georgia
#15
I've told this story before and I'll tell it again.

I had an economics professor who once said we as a nation could easily get unemployment down to 0%. Easily. The class looked around confused. After a bit of murmuring, he said we would simply need to re-institute slavery. There was a bit of a chuckle in the room but the professor didn't laugh. He explained that if all we care about is people having jobs, we can give them the most bare bones jobs with the worst compensation. So when we're looking at jobs added or jobs lost, it's an incomplete picture.

Numbers like these have very little meaning to me.

Andrew Yang has a great anecdote that his wife is a stay-at-home mom raising their two children, one of which is autistic. According to how we measure economic success in this country, her value to the country is $0. But we all know this is not true.

We need to find a better way of measure the success of the country than by simply counting jobs and measuring wages.
yep I saw something that said most new jobs pay $24,000/year, which is not a livible wage IMO

oh and the temporary census jobs helped buff the numbers too
 
Likes: foundit66
Apr 2013
38,316
26,310
La La Land North
#16
Here is some of the real world intruding into the Lil' Donny mantra:

4. Americans' fear of losing their jobs grows

Two separate surveys released on Monday showed an increase in the percentage of Americans worried about losing their jobs.

The surveys follow a worrisome trend in corporate downsizing that has been playing out for much of the year and that picked up in August.

Details:

The New York Fed's consumer credit report found worries about losing a job over the next year increased for the second month in a row to an average 14.2% in August from 13.8% in July. Respondents also said they expect their earnings to grow more slowly over the next year.

Fannie Mae's Housing Purchase Sentiment Index also showed the number of Americans concerned about losing their job increased and the net share of Americans who say they are not concerned about losing their job over the next 12 months dropped 4 percentage points.

Yes, but: The increases were minor, with both the NY Fed and Fannie Mae job loss expectation numbers falling well within the typical range of responses over the past few years.

But, but, but: U.S. companies did ramp up the pace of job cuts last month, data from Challenger, Gray & Christmas shows, with firms announcing plans to axe 53,480 jobs. That a 38% increase from July’s total.

Job cuts have been higher every month this year than the corresponding months in 2018, and last month’s job cuts were the highest August total since 2009, per the report.

A separate Challenger report found that through July, companies have announced 42,937 job cuts due to bankruptcy — 40% higher than the number announced for this reason through July 2018 and 19% higher than the number of bankruptcy-related job cuts announced through all of 2018.

This is from the Axios AM newsletter so can't be linked but the data primarily comes from Challenger Report: 53,480 Announced Cuts Led by Tech, Trade Issues a Growing Concern
 
Likes: se7en
Nov 2005
8,964
3,442
California
#17
Why do I get the impression Liberals are over-joyed with this news? What will be their reaction when manufacturing improves? Or will they just ignore it and go on to another Liberal talking point.
Trying to make other people the point of discussion (instead of the actual topic) is called ad hominem.

Regardless, your "impression" would just be another example of how failing to grasp the situation. The reality is that I would love for Trump and Republicans to recognize the true issues at play. But instead, all I see repeatedly is obfuscation, derailment, and hollow claps on the back for Trump for myopic misrepresentations of what's really going on.

With that said, do you have a topical comment?
 
Likes: se7en
Dec 2012
20,127
8,428
California
#18
Trying to make other people the point of discussion (instead of the actual topic) is called ad hominem.

Regardless, your "impression" would just be another example of how failing to grasp the situation. The reality is that I would love for Trump and Republicans to recognize the true issues at play. But instead, all I see repeatedly is obfuscation, derailment, and hollow claps on the back for Trump for myopic misrepresentations of what's really going on.

With that said, do you have a topical comment?
Yes, why do Liberals seem overjoyed by a downturn in manufacturing?