Unemployment Lowest in 53 Years

Working at exploding the deficit and debt lol.

The Trump corporate tax cuts certainly enabled stock buybacks which is where 80% of the windfall went. Good for the C Suite to boost their compensation.

Still the only President to never see annualized 3% GDP growth after being promised 6+%, only modern President to oversee a net job loss. One of the worst prices of legislation written and the only significant legislation passed (through reconciliation) passed during the Trump Travesty.

1 Like

???

WW

I’m confused. If the FPOTUS could claim responsibility for low unemployment numbers during his administration, why is the current POTUS not responsible for current unemployment numbers.

I’m not understanding the difference?***

WW

(***Not really a Biden supporter, I’m asking about the difference in perspective for some(c).)

3 Likes

Market had trouble deciding.
A.) If good news is good news then “Buy.”
B.) If good news means “Powell will get more aggressive,” then “Sell.”

The decision is never right nor wrong, but it is made by a pool of people 80% of whom would not/could not sell if their lives depended on it.

Dems don’t care about deficits…

1 Like

It’s already down again

https://www.cbsnews.com/news/stocks-down-january-jobs-report-2023-02-03/

1 Like

Quick, under which president we last had a balanced budget ?

Andrew Jackson paid off the national debt. Fought the centralized bankers. Too bad about the trail of tears thing tho- shouldn’t really be on the 20 cuz of that.

Balanced budget is a bit more of a recent event

Sorry getting wonky. Bill Clinton! That dastardly tax and spend socialist…

1 Like

Newt.

Surplus continued for two years after Newt resigned as speaker.

Lagging indicator. Then what happened?

Who had Congress 1999-2001?

reel jobs are fishy

2 Likes

Quick who held the purse strings?

1 Like

Congress did, of course.

And I’d readily give the GOP Congress all the credit - except in 2001, a Republican president took reigns while the Congress remained GOP - and the surplus dissipated.

Pretty sure a significant event happened in 2001.

2 Likes

The Republican controlled Congress, that spent more than the Clinton proposed budget every year.

The Bush tax cuts ?

Jackson’s actions and the zeroing out of the US debt contributed to the Panic of 1837, one of the worst recessions in American history.