Chris
October 6, 2019, 1:32am
41
WildRose:
Get rid of as many illegals as we can while securing the border to prevent their return and quickly we’ll see even lower UE, rising wages, and dramatically increased tax revenues as a result.
Then get some cooperation on both sides of the aisle on the budget and we can get the deficit back under control while still growing the economy.
I disagree. With the unemployment rate at the lowest in 50 years, I believe that a lot of the individuals in this country illegally should be given amnesty. At least the individuals under DACA should continue to legally work and stay here. Eliminating DACA like Trump is trying to do will be harmful for the economy.
“Eliminating DACA will inflict serious harm on U.S. companies, all workers, and the American economy as a whole,” the firms wrote. “Companies will lose valued employees. Workers will lose employers and co-workers.”
The companies said ending the program could slice up to $460.3 billion from the national GDP over the next decade, and reduce tax revenue by $90 billion. Replacing protected workers will cost businesses $6.3 billion, they said.
The Chamber of Commerce, the National Association of Manufacturers, and the National Retail Foundation also signed onto the filing. The brief comes as the global economy shows signs of slowing, even as U.S. unemployment is at a historic low.
Disagree all you want. The fact remains that the surplus of labor artificially created by their presence drives down wages by inflating the labor pool.
WuWei
October 6, 2019, 2:00am
43
Now what possible motive could companies have for making such claims?
I’ll bring the DP’s if you bring the popcorn.
Adam
October 6, 2019, 4:18am
45
WildRose:
The fed’s policy goals have shifted and did so shortly after Trump was elected by raising rates when there was no inflation.
They are doing what the can to keep growth under 3% and inflation under 2% and they clearly overreacted with their first rate hikes and then doubled down by not reducing them when the inflation they feared never materialized.
Those are simply facts, it has nothing to do with partisanship and it’s their own stated policy and record.
Rates started rising before Trump was elected. You are WRONG.
You said there was no infation:. WRONG
You claim knowledge of the feds thoughts. You have nothing to back that up. You claim things you dont know.
1 Like
I’m not wroing in either case.
I never stated there were no rate increases under Obama and I never said there was “no inflation”.
The fact is the inflation they feared never materialized and they eventually started dropping rates again as the posted links show.
Adam
October 6, 2019, 4:23am
47
Yeah, you didn’t say that.
1 Like
Adam
October 6, 2019, 4:31am
50
Adam:
So here’s the monthly jobs report:
https://www.bls.gov/news.release/empsit.nr0.htm
Another fine report. 136,000 jobs created. Keeps up with population growth. Job growth slowing a lot which makes sense since we’re at full employment. Unemployment rate down to 3.5%. An extra 45,000 added to the previous two reports. That’s good. Labor participation the same at 63.2%. That’s barely moved at all in years. But wage growth sucked! Dropped by a penny(-.01).
So fine report, but wage growth bad.
Yeah, when you said there was “no inflation”.
WildRose:
Democrats doubled down once Trump was elected actively encouraging illegals to flood the country and fighting every attempt made by the administration to stop them which has added billions on a monthly basis to pay to detain, process, and care for the illegals along with all of the welfare benefits they receive once released into the country due to overcrowding.
We can’t know the exact numbers for illegal immigration but this is interesting:
https://ichef-bbci-co-uk.cdn.ampproject.org/i/s/ichef.bbci.co.uk/news/695/cpsprodpb/839F/production/_105659633_border-nc.png
This has nothing to do with our discussion.
It’s 2019 and they were averaging over 80,000 apprehensions monthly through the summer because of the crisis on the border.
U.S. Customs and Border Protection (CBP) is on track to apprehend nearly 1 million migrants entering the country illegally in 2019, which would be the highest number since 2006.CBP has arrested 306,682 migrants at the border so far this year and will...
Adam
October 6, 2019, 4:34am
55
WildRose:
The fed’s policy goals have shifted and did so shortly after Trump was elected by raising rates when there was no inflation.
They are doing what the can to keep growth under 3% and inflation under 2% and they clearly overreacted with their first rate hikes and then doubled down by not reducing them when the inflation they feared never materialized.
Those are simply facts, it has nothing to do with partisanship and it’s their own stated policy and record.
No inflation? It’s right there. You were wrong.
Great you can cut and paste.
Yes, there was “some inflation” but the inflation they feared would result from the economy heating up never materialized.
The deficit didn’t increase substantially in 2018?
WildRose:
Great you can cut and paste.
Yes, there was “some inflation” but the inflation they feared would result from the economy heating up never materialized.
The increased inflation the Fed feared as GDP increased never materialized, the rate hikes were premature, unnecessary and served only to limit growth.
Inflation has remained essentially flat since Trump took office.
Adam
October 6, 2019, 4:44am
63
So there was inflation? Not “no inflation”?
1 Like
Can you not read?
**
> Yes, there was “some inflation”
**
