Jump to content

encouraging economic news


stevenash

Recommended Posts

 Good news for consumers. Rising wages pushed incomes higher to start the second quarter, while spending increased the most for any month so far this year. Paired with strong gains in January and February, incomes are showing the strongest start to a year since 2014. Adjusting for rising prices in April, "real" (inflation-adjusted) consumer spending was up a healthy 0.2%. And the best news from today's report is that private sector wages and salaries accounted for almost all of the increase in income, while government redistribution was unchanged after rising for four consecutive months. If President Trump wants faster growth, he needs to slow the growth of (or outright reduce!) government benefits. Before the Panic of 2008, government transfers – Medicare, Medicaid, Social Security, disability, welfare, food stamps, and unemployment insurance – were roughly 14% of income. In early 2010, they peaked at 18.5%. Now they're around 17%, but not falling any further. Redistribution hurts growth because it shifts resources away from productive ventures and, among those getting the transfers, weakens work incentives. Along with the rising incomes in April, spending ticked up as well. Spending on goods rose 0.7%, and spending on services increased 0.3%. As always, we like to take a step back and look at the trend. While spending growth has outpaced income over the past year, incomes are up at a 4.2% annual rate in the past three months compared to a 3.1% pace for spending. Meanwhile, the financial obligations ratio - which compares debt and other recurring payments to income – is near the lowest levels seen in thirty years.

Link to comment
Share on other sites

On 5/31/2017 at 7:02 AM, PhatMack19 said:

Obama's policies finally starting to pay off....

Trump hasn't done anything to pay off yet. If it was negative economy news after the first 6 months Obama would be getting the credit. Trump is the most disrespectful man in the history of politics.

Link to comment
Share on other sites

1 hour ago, new tobie said:

Trump and his swamp can def. take credit for hatred being on the rise in America.

Your analytical skills are just non-existent aren't they? You parrot everything your Liberal gods tell you to believe. But what's sad is you don't have the will or the inclination to better yourself. I guess you must feel comfortable being a puppet. Most people have more self-respect than that.

Link to comment
Share on other sites

15 hours ago, Englebert said:

Your analytical skills are just non-existent aren't they? You parrot everything your Liberal gods tell you to believe. But what's sad is you don't have the will or the inclination to better yourself. I guess you must feel comfortable being a puppet. Most people have more self-respect than that.

I have worked in a local refinery for 35 years. the refinery has cleaned its environmental mess up also. Although Trump wants to let them go back. I make a good six figure salary and don't mind helping out the elderly and the working poor. Rather help meals on wheels than the Trump family become richer.

Link to comment
Share on other sites

17 hours ago, new tobie said:

Trump and his swamp can def. take credit for hatred being on the rise in America.

There always have been individual acts of hatred, since mans creation.  Always will be....... Are you aware that the rising hatred is predominantly on the ultra left?  Are you even aware that gangs of leftist are physically attacking individual or small groups of Trump supporters?  Would Trump take credit, or should he?  No.  I don't like many things those on the left do, but I don't hate them.  If you know your history, you have to realize that what they are doing is the exact same thing Hitler's people did.  They may not be Nazi's in the political sense, but their actions are right out of Hitlers game plan.  Scary stuff.

Link to comment
Share on other sites

57 minutes ago, nappyroots said:

I have worked in a local refinery for 35 years. the refinery has cleaned its environmental mess up also. Although Trump wants to let them go back. I make a good six figure salary and don't mind helping out the elderly and the working poor. Rather help meals on wheels than the Trump family become richer.

So you just proved my post. And what is sad is you don't even realize it.

Link to comment
Share on other sites

9 hours ago, nappyroots said:

I have worked in a local refinery for 35 years. the refinery has cleaned its environmental mess up also. Although Trump wants to let them go back. I make a good six figure salary and don't mind helping out the elderly and the working poor. Rather help meals on wheels than the Trump family become richer.

I work in refineries also...how does Trump want them to go back?  What does he want them to go back to?

Surely you can back your post up with facts.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Member Statistics

    45,977
    Total Members
    1,837
    Most Online
    cfbswami
    Newest Member
    cfbswami
    Joined


  • Posts

    • We'll see. I don't trust us. 
    • Starting pitching has been shaky the last few weeks due to some injuries outside of Hagen Smith.  He goes tomorrow, so y’all should be fine 
    • Manchin may get it but any mention of the radical left that wanted to get rid of the filibuster and end almost 220 years of history because the Democrats are mad?  The House and Senate are obviously different legislative bodies with entirely different election processes and rules for a reason. The House can vote on laws with a simple majority vote. The Senate put rules in place that it would make it much tougher to pass laws. Laws should be difficult to pass. The Senate is often the holdup of the right and left. It takes 60 votes to break the filibuster so any law will almost certainly require agreement at least in part, from opposing sides of an issue. Because they can’t get laws passed, the radical left is like a baby having a tantrum and wants to change over 200 years of history and make it potentially ridiculously easy to pass laws. I have seen current poll maps and it is possible for the Republicans to sweep into complete power in November but by the tiniest margin. That would possibly mean that a single vote margin in both houses could enact what you might call the radical right laws. There would be nothing that the Democrats could do to stop any legislation whatsoever if the left (they are all radical, minus Manchin) got their filibuster rule changed.  That is where the current filibuster comes into play as any new law would require several Democrats to agree with the majority Republicans and vice versa.  Do you want the potential for your radical right to have free rein as the radical left wants by killing the filibuster or is the radical left just as (if not more) dangerous? Let’s see if we have a history in this area? Oh yeah, the Democrats changed the rules in the Senate to allow federal judges to not have to overcome the filibuster. Obama was not getting his federal judge nominations passed and being angry, they changed the rules instead of nominating more moderate justices. They were warned that it would come back to bite them. They didn’t care and chose the nuclear option to change the rules. Oops! Any guess how Trump got all of his Supreme Court nominees passed against strong Democrat opposition? The Democrats got rid of the filibuster for federal judges after another tantrum   So when you are so worried about the radical right, are you equally concerned in what the radical left is always doing by changing rules and history which were put into place just for situations like we are in? So while Manchin gets it, what about his other 50 colleagues (49 + Harris)?  What concerns you more, Abbott and Paxton or the Democrats who want to make it to where if the Republicans do take over, they can go wild… at least in your mind? 
    • MODS please remove that ISD twitter link! I had no idea it would copy the whole posting. I only highlighted the portion about the venue change. Sorry about that!
    • See why I don't trust my Hogs?
  • Topics

×
×
  • Create New...