https://ca.finance.yahoo.com/news/first ... 35277.htmlFor First Time in 26 Years, All U.S. Metros Enjoyed Income Gains
26 years? Hmmmm, right after the Reagan years.
https://ca.finance.yahoo.com/news/first ... 35277.htmlFor First Time in 26 Years, All U.S. Metros Enjoyed Income Gains
The Reagan presidency ended 32 years ago... more like right after the Bush 1 years... I’ve heard a lot of conservatives say that Clinton’s economy in the 90’s was set up by Reagan’s 80’s policies... if so then so was the 26 year drought in this statistic... you can’t pretend with a straight face that Reagan’s economy was flawless... it wasn’t... it was losing steam and went into recession in the early 90’s. It also was the decade that set the stage for deindustrialization and the massive transfer of wealth and the hollowing out of the middle class in the U.S.Bryce wrote: ↑Tue Jan 14, 2020 10:02 pmhttps://ca.finance.yahoo.com/news/first ... 35277.htmlFor First Time in 26 Years, All U.S. Metros Enjoyed Income Gains
26 years? Hmmmm, right after the Reagan years.
This report shows numbers from 2018, so it would be at the end of the Senior Bush presidency. The economic downturn and recession that followed took place after the "Read My Lips" tax increase.
Bad stuff happens when you raise taxes on the middle class.
The numbers I see is that hourly wage growth is at 3.2 percent for the year with the largest increases happening in the low income worker sector.
Economy's do go up and down. You won't get a argument from me that eventually we will enter another recession. I don't see one in the near future however. Someone, anyone, needs to start talking about debt and federal spending VERY soon though.Rate This wrote: ↑Tue Jan 14, 2020 11:26 pm Seriously though... the economy is good but the 50’s, 60’s and 90’s were all better economies with the H*** WW2 expansion king of the hill... it’ll be 11 years in March since the great recession ended... we’re overdue... not a partisan concern here but I’m gonna throw out that the longer this goes on and the more it goes up (built on nothing but air quite frankly) the harder it’s gonna fall whenever that time comes...
So the tax increases were passed in November 1990. The country had an 8 month recession from August 1990 to March 1991 then recovered slowly after that. So the tax increases did not cause the recession and the next one was the one caused partially by 9/11. As a I recall Clinton raised taxes again in 1993 and the economy took off...
The average growth rate over his first term was a solid 3.2 percent, after his tax hike. However, In 1997, at a time when the expansion was well along and economic growth should have slowed, Congress passed a modest net tax cut. The economy grew by a full percentage point-per-year faster over his second term than over Clinton's first term. So, the Boom Years of Clinton's economy really happened after the Gingrich Tax Cut.
Did you see this headline?Bryce wrote: ↑Tue Jan 14, 2020 10:02 pmhttps://ca.finance.yahoo.com/news/first ... 35277.htmlFor First Time in 26 Years, All U.S. Metros Enjoyed Income Gains
26 years? Hmmmm, right after the Reagan years.
That is an attention grabber.. “ how does full unemployment relate to the flu being worse? I’ll click this and find out”... no more no less...bmw wrote: ↑Wed Jan 15, 2020 7:39 pmDid you see this headline?Bryce wrote: ↑Tue Jan 14, 2020 10:02 pmhttps://ca.finance.yahoo.com/news/first ... 35277.htmlFor First Time in 26 Years, All U.S. Metros Enjoyed Income Gains
26 years? Hmmmm, right after the Reagan years.
https://www.cbsnews.com/news/2020-flu-s ... lu-season/
The original headline read "Flu season may be bad due to economic reason: Full employment"
There certainly is some truth to this, but leave it to the mainstream media to find some reason why low unemployment is bad.
This! Couldn't agree more ratethis.The Reagan presidency ended 32 years ago... more like right after the Bush 1 years... I’ve heard a lot of conservatives say that Clinton’s economy in the 90’s was set up by Reagan’s 80’s policies... if so then so was the 26 year drought in this statistic... you can’t pretend with a straight face that Reagan’s economy was flawless... it wasn’t... it was losing steam and went into recession in the early 90’s. It also was the decade that set the stage for deindustrialization and the massive transfer of wealth and the hollowing out of the middle class in the U.S.
These numbers are good, but the last jobs report had some not so good news on the wages front and soft job creation... wages are still lagging badly overall but that’s been true since the recession ended in 2009.
This is the best economy ever! How do I know that? Trump told me at one of his rallies in that informative interpretive dance routine he does... even the H*** buildup in WW2 pales in comparison to the Trump economy...
Seriously though... the economy is good but the 50’s, 60’s and 90’s were all better economies with the H*** WW2 expansion king of the hill... it’ll be 11 years in March since the great recession ended... we’re overdue... not a partisan concern here but I’m gonna throw out that the longer this goes on and the more it goes up (built on nothing but air quite frankly) the harder it’s gonna fall whenever that time comes...
That’s not at all fair... he started around 4.5%... meaningless statistics... the economy is back to the oft decried (by you especially) 2% GDP “new normal” Obama talked about... a developed economy like ours doesn’t have room or demand enough to sustain 3 or 4 or 5% growth. The sugar high of the tax cuts has worn off and we are right back to where we were...