Sheriff Joe
DA
Everything's on sale.
Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
-
- Tags
- finance too
Bruddah IZ
DA
Including messy's equity.
I'm surprised Ratboy didn't post this article, it's from his favorite source Yahoo...
There’s an old adage in economics that says, “the stock market is not the economy.”
And though the stock market and the economy do move in the same general direction over the long run, Friday’s December jobs report was one of the strongest examples in recent memory bolstering the case that the stock market is not, in real-time, a very good indicator of how the economy is performing.
https://finance.yahoo.com/news/stock-market-not-economy-labor-184609482.html
There’s an old adage in economics that says, “the stock market is not the economy.”
And though the stock market and the economy do move in the same general direction over the long run, Friday’s December jobs report was one of the strongest examples in recent memory bolstering the case that the stock market is not, in real-time, a very good indicator of how the economy is performing.
https://finance.yahoo.com/news/stock-market-not-economy-labor-184609482.html
Sheriff Joe
DA
He's pretty concerned for a super rich guy.
From PBS....
More than 300,000 jobs were created in December, doubling what was expected and signaling that the U.S. economy remains stable despite the recent market volatility and political tensions. In addition, wage growth was the highest it’s been in a decade. Amna Nawaz speaks with Mark Zandi, chief economist at Moody’s Analytics, for more on why this report contained “nothing but good news.”
https://www.pbs.org/newshour/show/d...-growth-provide-a-burst-of-good-economic-news
More than 300,000 jobs were created in December, doubling what was expected and signaling that the U.S. economy remains stable despite the recent market volatility and political tensions. In addition, wage growth was the highest it’s been in a decade. Amna Nawaz speaks with Mark Zandi, chief economist at Moody’s Analytics, for more on why this report contained “nothing but good news.”
https://www.pbs.org/newshour/show/d...-growth-provide-a-burst-of-good-economic-news
" Messy " Financial is gunna be in a world of hurt if he takes out another
reverse mortgage to fund his online Idiocracy classes.....
Someone should send him a message by starving carrier pigeon advising him to
not sign the contract.
Sheriff Joe
DA
Fails as U.S. Manufacturing Booms
ROBYN BECK/AFP/Getty
JOHN BINDER 4 Jan 2019
American manufacturing jobs have boomed to a more than 20-year high as President Trump has imposed a wide range of tariffs on imported steel, aluminum, and Chinese products — dooming predictions made by free traders that have yet to pan out.
U.S. manufacturers added 284,000 jobs in the last year, the most jobs added in the sector in a single year since 1997, as Breitbart News’s Economics Editor John Carney notes. In December 2018, alone, about 32,000 factory jobs were created.
American manufacturing is vital to the prosperity of communities, as every one manufacturing job supports about 3.6 American jobs in other sectors of industry.
The U.S. manufacturing jobs boom comes as free trade economists, billionaire donors, and establishment media pundits have routinely claimed that Trump’s 25 percent tariff on imported steel and ten percent tariff on aluminum would cripple the American economy.
In November 2018, the U.S. Chamber of Commerce wrote a letter to U.S. Trade Representative Robert Lighthizer claiming that Trump’s tariffs on imported products “endangers the jobs of millions of workers” in industries that have grown to rely on cheap foreign imports.
Months ago, the chairman of Cummins, a fortune 500 company, wrote an op-ed in the New York Times claiming that even short-term tariffs would cripple American industry.
“We see no upside in the implementation of tariffs,” Cummins Chairman Tom Linebarger wrote. “They are a tax, and the risky proposition of entering a trade war could slow down the economy. Even putting up short-term barriers with trading partners in China and Europe can cause long-term losses in market share, resulting in lost jobs in the United States.”
The free traders at the Tax Foundation wrote their research predicted that not only would Trump’s tariffs crush American industries, but they would also decrease Americans’ wages.
“These tariffs increase production costs for U.S. manufacturers, placing them at a competitive disadvantage, and will, on net, destroy more output, wages, and employment in the United States than they create,” Tax Foundation analysts wrote.
For U.S. wages, the opposite has panned out. In December, Americans’ wages grew 3.2 percent in December 2018 compared to last year.
The conservative Heritage Foundation called Trump’s tariffs “ineffective and dangerous,” elected Republicans have called the tariffs “dumb,” and pro-free trade Trade Partnership claimed that the tariffs would eliminate 146,000 American jobs, a claim that has yet to come to fruition.
Alliance for American Manufacturing President Scott Paul credited Trump’s tariffs for the economic boom in U.S. manufacturing, telling Breitbart News in a statement:
December was another great month for manufacturing. With 32,000 new jobs last month, tough action against trade cheats is helping create new jobs for American workers. [Emphasis added]
Paul said the new Democrat-Republican split Congress should now focus its attention on a massive infrastructure investment to continue driving American manufacturing and job creation.
“With more manufacturing jobs, communities throughout the country grow,” Paul said.
As Breitbart News has extensively reported, between 2001 and 2017, the U.S.-China trade deficit was responsible for the loss of 3.4 million American jobs. The vast majority of jobs lost from free trade with China have been in the U.S. manufacturing sector, making up 74.4 percent of all jobs lost and amounting to 2.5 million U.S. manufacturing jobs lost. This total of jobs lost also includes the 1.3 million American jobs lost since 2008.
ROBYN BECK/AFP/Getty
JOHN BINDER 4 Jan 2019
American manufacturing jobs have boomed to a more than 20-year high as President Trump has imposed a wide range of tariffs on imported steel, aluminum, and Chinese products — dooming predictions made by free traders that have yet to pan out.
U.S. manufacturers added 284,000 jobs in the last year, the most jobs added in the sector in a single year since 1997, as Breitbart News’s Economics Editor John Carney notes. In December 2018, alone, about 32,000 factory jobs were created.
American manufacturing is vital to the prosperity of communities, as every one manufacturing job supports about 3.6 American jobs in other sectors of industry.
The U.S. manufacturing jobs boom comes as free trade economists, billionaire donors, and establishment media pundits have routinely claimed that Trump’s 25 percent tariff on imported steel and ten percent tariff on aluminum would cripple the American economy.
In November 2018, the U.S. Chamber of Commerce wrote a letter to U.S. Trade Representative Robert Lighthizer claiming that Trump’s tariffs on imported products “endangers the jobs of millions of workers” in industries that have grown to rely on cheap foreign imports.
Months ago, the chairman of Cummins, a fortune 500 company, wrote an op-ed in the New York Times claiming that even short-term tariffs would cripple American industry.
“We see no upside in the implementation of tariffs,” Cummins Chairman Tom Linebarger wrote. “They are a tax, and the risky proposition of entering a trade war could slow down the economy. Even putting up short-term barriers with trading partners in China and Europe can cause long-term losses in market share, resulting in lost jobs in the United States.”
The free traders at the Tax Foundation wrote their research predicted that not only would Trump’s tariffs crush American industries, but they would also decrease Americans’ wages.
“These tariffs increase production costs for U.S. manufacturers, placing them at a competitive disadvantage, and will, on net, destroy more output, wages, and employment in the United States than they create,” Tax Foundation analysts wrote.
For U.S. wages, the opposite has panned out. In December, Americans’ wages grew 3.2 percent in December 2018 compared to last year.
The conservative Heritage Foundation called Trump’s tariffs “ineffective and dangerous,” elected Republicans have called the tariffs “dumb,” and pro-free trade Trade Partnership claimed that the tariffs would eliminate 146,000 American jobs, a claim that has yet to come to fruition.
Alliance for American Manufacturing President Scott Paul credited Trump’s tariffs for the economic boom in U.S. manufacturing, telling Breitbart News in a statement:
December was another great month for manufacturing. With 32,000 new jobs last month, tough action against trade cheats is helping create new jobs for American workers. [Emphasis added]
Paul said the new Democrat-Republican split Congress should now focus its attention on a massive infrastructure investment to continue driving American manufacturing and job creation.
“With more manufacturing jobs, communities throughout the country grow,” Paul said.
As Breitbart News has extensively reported, between 2001 and 2017, the U.S.-China trade deficit was responsible for the loss of 3.4 million American jobs. The vast majority of jobs lost from free trade with China have been in the U.S. manufacturing sector, making up 74.4 percent of all jobs lost and amounting to 2.5 million U.S. manufacturing jobs lost. This total of jobs lost also includes the 1.3 million American jobs lost since 2008.
Fails as U.S. Manufacturing Booms
ROBYN BECK/AFP/Getty
JOHN BINDER 4 Jan 2019
American manufacturing jobs have boomed to a more than 20-year high as President Trump has imposed a wide range of tariffs on imported steel, aluminum, and Chinese products — dooming predictions made by free traders that have yet to pan out.
U.S. manufacturers added 284,000 jobs in the last year, the most jobs added in the sector in a single year since 1997, as Breitbart News’s Economics Editor John Carney notes. In December 2018, alone, about 32,000 factory jobs were created.
American manufacturing is vital to the prosperity of communities, as every one manufacturing job supports about 3.6 American jobs in other sectors of industry.
The U.S. manufacturing jobs boom comes as free trade economists, billionaire donors, and establishment media pundits have routinely claimed that Trump’s 25 percent tariff on imported steel and ten percent tariff on aluminum would cripple the American economy.
In November 2018, the U.S. Chamber of Commerce wrote a letter to U.S. Trade Representative Robert Lighthizer claiming that Trump’s tariffs on imported products “endangers the jobs of millions of workers” in industries that have grown to rely on cheap foreign imports.
Months ago, the chairman of Cummins, a fortune 500 company, wrote an op-ed in the New York Times claiming that even short-term tariffs would cripple American industry.
“We see no upside in the implementation of tariffs,” Cummins Chairman Tom Linebarger wrote. “They are a tax, and the risky proposition of entering a trade war could slow down the economy. Even putting up short-term barriers with trading partners in China and Europe can cause long-term losses in market share, resulting in lost jobs in the United States.”
The free traders at the Tax Foundation wrote their research predicted that not only would Trump’s tariffs crush American industries, but they would also decrease Americans’ wages.
“These tariffs increase production costs for U.S. manufacturers, placing them at a competitive disadvantage, and will, on net, destroy more output, wages, and employment in the United States than they create,” Tax Foundation analysts wrote.
For U.S. wages, the opposite has panned out. In December, Americans’ wages grew 3.2 percent in December 2018 compared to last year.
The conservative Heritage Foundation called Trump’s tariffs “ineffective and dangerous,” elected Republicans have called the tariffs “dumb,” and pro-free trade Trade Partnership claimed that the tariffs would eliminate 146,000 American jobs, a claim that has yet to come to fruition.
Alliance for American Manufacturing President Scott Paul credited Trump’s tariffs for the economic boom in U.S. manufacturing, telling Breitbart News in a statement:
December was another great month for manufacturing. With 32,000 new jobs last month, tough action against trade cheats is helping create new jobs for American workers. [Emphasis added]
Paul said the new Democrat-Republican split Congress should now focus its attention on a massive infrastructure investment to continue driving American manufacturing and job creation.
“With more manufacturing jobs, communities throughout the country grow,” Paul said.
As Breitbart News has extensively reported, between 2001 and 2017, the U.S.-China trade deficit was responsible for the loss of 3.4 million American jobs. The vast majority of jobs lost from free trade with China have been in the U.S. manufacturing sector, making up 74.4 percent of all jobs lost and amounting to 2.5 million U.S. manufacturing jobs lost. This total of jobs lost also includes the 1.3 million American jobs lost since 2008.
If the American Public was REALLY aware of why Trump and the " Military "
are rapidly bringing manufacturing stateside they would be triple proud of POTUS !!!!!
They would also seek out every foul mouthed NWO supporting Democrat/Rhino and
lock them up !!!!
What’s
what’s “super rich?” $25m+? I’m not that.
Bruddah IZ
DA
Just change the simulation and make it so.
Sheriff Joe
DA
Smart Power.
Dems Eye 33% Corporate Rate Hike...
Dems Eye 33% Corporate Rate Hike...
Bruddah IZ
DA
Looking out for the middle class!!
Bruddah IZ
DA
It's not health insurance, his spokesman clarified after the surprise announcement on MSNBC Tuesday morning.
115 Percent of Trump’s China Tariff Revenue Goes to Paying Off Angry Farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
Sheriff Joe
DA
Fake News Booty.115 Percent of Trump’s China Tariff Revenue Goes to Paying Off Angry Farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
Bruddah IZ
DA
The coward is back.115 Percent of Trump’s China Tariff Revenue Goes to Paying Off Angry Farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
Sheriff Joe
DA
New coward same as the old coward.
Sheriff Joe
DA
I am ok with that, at the very least he kept HRC from office, appointed a bunch of judges including 2 supremes, took your party so far left there is no coming back and put our country back on top for a change.
Pence will be fine.
How is RBG feeling?