638K jobs added; unemployment 6.9%

Nemesis · 2020-11-06T15:16:11.053Z

gooddad409:

Ben_Natuf:

How long can the Senate keep the Trump economy going before Biden and dems wreck it?

Stocks end mixed as S&P has best post-election week since 1932 | Fox Business

Not long. I am going to sell what i have left in the way of stocks.

I only have about 20 percent of my money in stocks and now am thinking i was really wise to make that percentage low when i did. I used to have a much higher percentage in stocks.

Mots of it is in the bank just drawing that 1 percent interest.

If the stock market implodes then why sell? Buy more and when a Republican is back in the White House in 4 years you will make a fortune.

gooddad409 · 2020-11-06T15:16:37.009Z

Ben_Natuf:

You’re likely right. Deals will have to be cut to govern, and the Senate does not have the guts to shut it down to avoid bad deals.

There will be some trade offs, but Biden will get his way on tax increases and a public option. There’s nothing the Senate can do to stop him from opening the borders to millions more illegals and the return of catch and release. Wages will be depressed, companies will stop coming here and go back to China, job growth will slow to a trickle.

Yeah the country is pretty much screwed. At my age it isn’t going to affect me that much(i won’t be around long enough probably) but i shudder to think of the future for my children and grandchildren.

FreeAndClear · 2020-11-06T15:18:44.293Z

Ben_Natuf:

You’re likely right. Deals will have to be cut to govern, and the Senate does not have the guts to shut it down to avoid bad deals.

There will be some trade offs, but Biden will get his way on tax increases and a public option. There’s nothing the Senate can do to stop him from opening the borders to millions more illegals and the return of catch and release. Wages will be depressed, companies will stop coming here and go back to China, job growth will slow to a trickle.

More gut feelings. Just amazing.

Ben_Natuf · 2020-11-06T15:19:19.717Z

saddest thing is for the mom and pops. small business is what trump and the gop helped the most. giant conglomerations will be happy.

FreeAndClear · 2020-11-06T15:19:37.589Z

Nemesis:

gooddad409:

Ben_Natuf:

How long can the Senate keep the Trump economy going before Biden and dems wreck it?

Stocks end mixed as S&P has best post-election week since 1932 | Fox Business

Not long. I am going to sell what i have left in the way of stocks.

I only have about 20 percent of my money in stocks and now am thinking i was really wise to make that percentage low when i did. I used to have a much higher percentage in stocks.

Mots of it is in the bank just drawing that 1 percent interest.

If the stock market implodes then why sell? Buy more and when a Republican is back in the White House in 4 years you will make a fortune.

Because it’s really very easy to say anything on an Internet forum

Ben_Natuf · 2020-11-06T15:20:09.679Z

and i should care about your counter feelings… why exactly?

gooddad409 · 2020-11-06T15:21:45.173Z

Ben_Natuf:

saddest thing is for the mom and pops. small business is what trump and the gop helped the most. giant conglomerations will be happy.

Giant conglomerations and foreign countries like China. They own the Biden’s so they will have their way with us now.

Small business and folks working at manufacturing jobs are royally screwed.

FreeAndClear · 2020-11-06T15:22:20.052Z

Ben_Natuf:

and i should care about your counter feelings… why exactly?

My counter feelings about your feelings of slowing job growth are based in history of the Obama administration which went through one of the longest job growth streak in the country’s history.

Your predictions are based on your gut.

You don’t have to care who said anything about care?

gooddad409 · 2020-11-06T15:23:33.717Z

Ben_Natuf:

and i should care about your counter feelings… why exactly?

My feelings exactly. I have most libs on ignore. I just enjoy conversing with fellow conservatives in here.

Ben_Natuf · 2020-11-06T15:29:48.956Z

■■■■■■■■■ obama had anemic job growth with lowering participation rates and anemic wage growth. what are we at now 12M+ in four months? obama didn’t have that in 4 years. according to all estimates ui was supposed to be somewhere around 10% at best by the end of the year. enjoy the next few months, then its over

EternalVigilance · 2020-11-06T15:33:28.787Z

It’s probably a given that the energy sector will be massacred under President Harris. Obama threw $100 billion at green energy initiatives that failed to create a “green jobs boom,” and this administration will be exponentially worse.

FreeAndClear · 2020-11-06T15:35:26.746Z

Ben_Natuf:

■■■■■■■■■ obama had anemic job growth with lowering participation rates and anemic wage growth. what are we at now 12M+ in four months? obama didn’t have that in 4 years. according to all estimates ui was supposed to be somewhere around 10% at best by the end of the year. enjoy the next few months, then its over

12m in four months of jobs furloughed due to the pandemic. As compared to having to rebuild the jobs market from it losing almost a million jobs a month.

I am going to enjoy the next four years snd the four years after that and the four years after that. That won’t have anything to do with you rejecting actual job growth. Pre pandemic job growth snd gdp growth was the same for like 10 years. There was a point that i conceded to i think @peek-a-boo or could have been another poster that what Trump must must get credit for is pushing the jobs market past full unemployment which lead to an absence of skilled labor for open positions. Good on him Mr President.

But to now claim that job growth will slow down to a trickle is not based in history or reality.

Ben_Natuf · 2020-11-06T15:36:08.125Z

ending subsidies for small drilling operations who pump oil from lessor producing wells will curb supply. ending fracking on fed land will be a 15% hit off the top. goodbye energy independence.

Ben_Natuf · 2020-11-06T15:41:42.028Z

and what pushed it past full employment?

deregulation which largely helps smaller companies that will now be re-regulated.
business taxes making it advantageous to build/manufacture here… bye-bye

what kind of job growth would we have had without those policies? what kind of gdp growth without them? wage growth?

EternalVigilance · 2020-11-06T15:52:14.325Z

California’s AB-5 will be taken nationwide - it was a Biden promise. This will crush independent contractors by design, because Democrats apparently don’t believe that non-union jobs are legitimate.

Forbes

Joe Biden Endorses California Law Doing Harm To Freelancers, Which Democrats...

Joe Biden is endorsing controversial California laws. First he endorsed the $12 billion property tax hike on the November ballot, then more recently he came out in favor of Assembly Bill 5, the controversial anti-freelancer law that might be...

FreeAndClear · 2020-11-06T15:57:46.149Z

Ben_Natuf:

and what pushed it past full employment?

deregulation which largely helps smaller companies that will now be re-regulated.
business taxes making it advantageous to build/manufacture here… bye-bye

what kind of job growth would we have had without those policies? what kind of gdp growth without them? wage growth?

The gdp growth was the same under both administrations so the answer should be the same right?

What pushed them is in part some of the deregulation. I’d be stupid not to agree with that. That being said the trend was there for continued reduction in the number of unemployed.

Ben_Natuf · 2020-11-06T16:09:32.938Z

no, it should not be. gdp had been slowing and was anemic and heading toward the negative at the end of the obama admin. his policies had played out. trump reversed that. we are now growing back to where we were pre covid, faster than anyone but trump ever thought we would be. reversing his policies will slam the breaks on that.

SixFoot · 2020-11-06T16:11:43.255Z

Ben_Natuf:

How long can the Senate keep the Trump economy going before Biden and dems wreck it?

Stock Market is already losing steam with the uncertainty in the Georgia senate race. They are depending on Trump’s economy (a republican senate) in order to keep moving forward.

FreeAndClear · 2020-11-06T16:19:32.083Z

SixFoot:

Ben_Natuf:

How long can the Senate keep the Trump economy going before Biden and dems wreck it?

Stock Market is already losing steam with the uncertainty in the Georgia senate race. They are depending on Trump’s economy (a republican senate) in order to keep moving forward.

Why is it that even reasonable people subscribe to this. While the market certainly enjoys its ups and downs on pure emotion, the market overall actually trends with the economy not who is governing

The Obama communist years, the Clinton socialist years etc are proof of that

SixFoot · 2020-11-06T16:20:52.644Z

Wall Street was citing growth this week due to a GOP retention of the Senate. Now it’s not so certain.