Census Bureau Report on 2019 Household Income

[once-ler]

@PurpnGold

Oh it’s definitely 20% in 2020 but I am having trouble knowing if that is higher or lower than 2010 rate?

It’s way higher. Very strongly higher. Some people are saying it’s the highest in a very long time.

[WuWei]

Did somebody shut the country down in 2010?

[PurpnGold]

@WuWei

Did somebody shut the country down in 2010?

No, 2008…ish

[WuWei]

@PurpnGold

@WuWei

Did somebody shut the country down in 2010?

No, 2008…ish

The country wasn’t shut down in 2008. I was here.

[PurpnGold]

@WuWei

The country wasn’t shut down in 2008. I was here.

The economy crashed like it was

[WuWei]

@PurpnGold

@WuWei

The country wasn’t shut down in 2008. I was here.

The economy crashed like it was

No it didn’t and it wasn’t. This was a deliberate shutting down of a machine running at max efficiency.

Anyway, this thread isn’t about what Obama did or didn’t do.

[PurpnGold]

@WuWei

No it didn’t and it wasn’t. This was a deliberate shutting down of a machine running at max efficiency.

Yes it was. Outcomes were similar between 2008 and 2020.

[WuWei]

@PurpnGold

@WuWei

No it didn’t and it wasn’t. This was a deliberate shutting down of a machine running at max efficiency.

Yes it was. Outcomes were similar between 2008 and 2020.

No, it wasn’t. In 2020 the government shut the machine down. Against the President’s advice.

[PurpnGold]

@WuWei

No, it wasn’t. In 2020 the government shut the machine down.

And in 2008, the machine crashed. Outcomes were similar.

@WuWei

Against the President’s advice.

[Phaedrus]

@WuWei

Anyway, this thread isn’t about what Obama did or didn’t do.

Apparently, it kinda is:

@WuWei

Dems create toxic environments for business.

@WuWei

The only thing government can really do to create a positive environment for business is limit itself. It is done mostly by omission, not commission.

Of course it can’t be 0 governance. Left to it’s own devices, business would go way to far.

There has to be a balance. Dems don’t understand the concept of balance.

This is an oft repeated trope: that Republican administrations are better for the economy then Democrat administrations. Is that true? A simple Web search for “are republican or democratic presidents better for the economy?” returns consistent results saying that it isn’t. Personally, I think there are many factors more important than who sits in the White House. But I didn’t bring it up.

[WuWei]

No mention of Obama.

Look at Congress.

President Trump of course is an anomaly.

[Phaedrus]

The most common Democratic rebuttal to “Trump has built a great economy!” is “…by taking over a pretty great one from Obama.” Either the President has a great deal of influence over the economy, or he doesn’t. Which is it?

[WuWei]

Only by omission

[Camp]

It is clear Trump has been better on economic policy than the past 2 administration’s.

I am cutting Clinton a lot of slack. He was lucky. Trump is that good.

[zantax]

@once-ler

@Camp

Trump saved 1.8 million lives on the confidence he can quickly return these results on the economy.

Biden Harris have nothing.

You are responding to a thread where both @PurpnGold and I are talking about how rich the 1% got during the pandemic. You offer a lie (1.8 million lives saved) and a promise (the economy will be good soon).

Pull my hair.

Please, one percenters cleaned up under Obama.

[once-ler]

@zantax

Please, one percenters cleaned up under Obama.

That’s terrible. I’m glad I voted against Obama twice. So is it better or worse for you when one percenters get even more filthy rich under Obama or Trump? For me it’s worse now just because so many more people are unemployed and getting evicted while the 1% profit.

[zantax]

@once-ler

@zantax

Please, one percenters cleaned up under Obama.

That’s terrible. I’m glad I voted against Obama twice. So is it better or worse for you when one percenters get even more filthy rich under Obama or Trump? For me it’s worse now just because so many more people are unemployed and getting evicted while the 1% profit.

A. I am a one percenter on income, not wealth, so you understand my bias.
B. How much someone else makes is irrelevant.
C. The stock market is not the only measure of a healthy economy and even less so when it’s being propped up by the fed.

[biggestal99]

@WuWei

Thank you, President Trump and team, for building that.

you will follow up next year with 2020 stats.

And blame President Biden.

Allan