More proof of the trump recession

[moonshine]

@WildRose

We know that isn’t true since UE is at all time lows and wages are growing and inflation is still essentially flat.

y/y core inflation is 2.2%
hardly flat

[WildRose]

It took Obama 7 years for real wages to almost get back to 1997 levels.

American households finally earn more than they did in 1999 

Worst recovery in history.

[Cynic]

Longest. Stability is good.

[WildRose]

They had to buy a boat load of unsold bonds in 2010-2012 when they weren’t selling at auction.

That was when everyone was screaming bout the “printing money”.

[adroit]

@WildRose

Worst recovery in history.

Yeah, unfortunately (for the challenged, I’m being ironic) we didn’t have a world war to spike us out of the worse recession since the Great Depression. On the contrary, we had a party that fought tooth and nail to block programs and spending that would have helped.

But now, after having the longest expansion period and full employment, we can’t do any better even with a massive deficit fueled tax cut?

[Bodecea]

@NebraskaFootball

@AmusedObserver

@WildRose

Show me the predictions in 2017 stating the fed would raise rates in the 2nd or 3rd quarter of 2018

The fed overreacted there was no inflation but the slowed the economy anyway.

https://www.nytimes.com/2017/12/10/business/federal-reserve-interest-rates.html

It’s not going to matter. It is why I’m not bothering to waste my time. We all know the truth, and we all know who can and who cannot admit to errors.

We know who has the sharpies.

[AlexMcAlpine]

@WildRose

The good of the nation no longer matters to them at all, just the acquisition and permanent control of the power.

You’re talking about the Republicans here.

[NebraskaFootball]

Here are some additional recession indicators…

Median U.S. Household Income Showed No Growth in 2018

https://twitter.com/WSJecon/status/1171433549594935297

https://twitter.com/carlquintanilla/status/1171437232575537152

[Bigjohn]

So we dont need low rates as the economy is the best it has been

[Smyrna]

@moonshine

manufacturing jobs,especially in swing states have begun falling

so far this year 22 states have shown manufacturing job losses including wisconsin,north carolina and pennsylvania
one company cummins engines says tariffs will cost if 150 this year,far outdistancing the 70m it saved in corporate taxes

Your wanting a recession so bad that thousands and thousands and thousands will be financially hurt, just so you can feel better about your hate, is positively hateful my friend.

[AmusedObserver]

@Smyrna

Your wanting a recession so bad that thousands and thousands and thousands will be financially hurt, just so you can feel better about your hate, is positively hateful my friend.

That’s an awful lot of words to try to stick in his mouth, Smyrna.

[Smyrna]

@AmusedObserver

That’s an awful lot of words to try to stick in his mouth, Smyrna.

The poster I’m addressing has been very consistent in his desire for the worst possible outcomes regarding Trump. In this case, there’s a lot more negatively affected than Trump and that’s my point. Let’s not let our hate, get in the way of our sanity.

[Cynic]

This is such a pathetic deflection.

[Smyrna]

@Cynic

This is such a pathetic deflection.

Speaking of insanity…hey there.

[WildRose]

We’ve had many recessions that didn’t require a world war to spark us out of.

[WildRose]

It isn’t the best it’s ever been and it can always be better.

[moonshine]

@Smyrna

@moonshine

manufacturing jobs,especially in swing states have begun falling

so far this year 22 states have shown manufacturing job losses including wisconsin,north carolina and pennsylvania
one company cummins engines says tariffs will cost if 150 this year,far outdistancing the 70m it saved in corporate taxes

Your wanting a recession so bad that thousands and thousands and thousands will be financially hurt, just so you can feel better about your hate, is positively hateful my friend.

show me a post of mine wanting a recession. and if you want to talk hateful look at your lord and master in the white house

[Tangible08]

Wasn’t Trump’s whole election pitch about how terrible the economy was even though it was growing at a faster rate than it is now?

[WildRose]

The economy was terrible, it was the worst recovery in history, and every economic number we have today is better than under the Obama Administration.

[Tangible08]

The economy continued to grow after Obama but the rate of change is negative.

The main point is, Republicans quite regularly speak down on America and the economy when it suits them. Everyone roots for their team and criticizes the other. That doesn’t mean that most folks on either side are praying for a recession.