Wages rise at fastest rate in over eight years.
The Obama stagnation is ending and America is acting like America again.
http://www.breitbart.com/big-government/2018/02/02/ap-wages-rise-fastest-rate-eight-years/
Yep! Throw some peanuts to the masses so they'll be pacified while the Fatcats fill their bowls with caviar.
shareAs opposed to Obama starving the masses while fatcats (his cronies) filled their bowls with caviar?
shareFunny, I seem to remember Obama doing a good job pulling the country out of the financial mess left on the table for him by George W. and his junta. And who now is rolling back the safeguards (granted, not as many as there should have been, but that's due to the obstructionism of the Republicons in Congress) he had put in place to prevent another such meltdown? That's right, your hero, Trumpie the Magnificent.
shareThat's because you're a slavish moron who lacks the capacity for rigorous independent thought. Reread the FACT in the headline.
shareHow was the economy stagnating under Obama? Trump inherited a good economy which has kept rising, some of it is him. Minimum wage increases are not him or Republicans. Those are due to democrats raising the minimum wage in states and at the local level. I will be surprised if they raise the minimum wage at the federal level. It was Hillary who co-sponsored the last federal minimum wage rise.
Will the wage rises for those at the bottom compensate for the inevitable cuts to programs to fund the tax cuts, the higher tax rates (the tax cuts for individuals are temporary and then are increased while corporate cuts are permanent), the inevitable crash given the deregulation of banks, fallout from the trade wars?
I think he's done ok on some things, especially given how half assed he does things but some things look concerning.
The economy sucked under Obama. He was the first president ever to fail to preside over even one year of 3% GDP growth. You don't have sustained stagnation in the USA, but Obama made it happen by repeatedly stomping on the economy with stupid policies. The Obama "recovery" was the worst on record. He almost succeeded in "fundamentally transforming" America into a blend of socialist Europe and Latin America.
There's a reason the stock market and consumer/investor confidence indices all exploded immediately after Trump's election, like the next day. For the first time in 8 years there was hope, like a breath of fresh air. Maybe America wasn't finished after all. Deregulation over the past year in energy and other sectors has been of enormous benefit, as the tax cuts are. Simply having a president who doesn't wage constant rhetorical war against the free market is a good thing too.
Wages aren't rising because of governments imposing higher minimum wages, LOL. They're rising because the economy is doing better. Many corporations publicly announced they were raising their lowest wage to $15 or higher directly because of Trump's tax cut.
As for individual rates sunsetting, that's entirely due to Democrat obstructionism. Republicans would love to make those cuts permanent too, and Trump is already pushing for a "round two" of tax cuts this year focusing on individual rates. So put your money where your mouth is and call for Democrats to join Republicans in making all the tax cuts permanent. Otherwise you're full of shit.
"The economy sucked under Obama."
He inherited a bad hand from Bush. Trump did not inherit a bad hand from Obama. You yourself implicitly recognize this because you note that consumer confidence exploded right after election day. If he had inherited a dismal situation then he'd still be digging his way out of it at this point.
I don't know why you mention Europe as socialist when social spending in the US exceeds even some of Europe. The only difference is that some of the social spending in the US is hidden as obligations towards for the private sector. When you add them up the US is ranked pretty damn high. The jarring thing is that your socialist programs cover far fewer. There's no need to look overseas when talking about social democratic policies, the US has a ton of them and Americans loved it. They voted FDR 4 times for a reason.
"Wages aren't rising because of governments imposing higher minimum wages, LOL."
Strange, that is one of the several reasons given in the Breitbart article you posted in your opening post. I'm just pointing out that is not linked to Trump or Republicans since they happened mostly happened under Obama's tenure and in blue states.
They are rising because the economy is doing better. There is no doubt about it. But raising the minimum wage also affects it. To deny this is just due to petty partisanship where you cannot bear to be objective and cede even the slightest credit where it is due.
You mistaken me for being a blind champion of the Democrats. Why did they not sunset the corporation rates over individuals and work on the corporation ones later? Doesn't that indicate where their priorities lie? Tackle how these cuts are paid for. Otherwise the downside of socialism applies here, ie. running out of money.
That article is actually from the leftist AP, just reprinted in Breitbart, and they engage in their usual ridiculous partisan spin. The sentence you refer to even says "likely", meaning that part is speculation. Min. wage hikes don't necessarily raise averages much anyway. I posted the article for the hard fact about wages rising faster than they did during Obama's entire presidency, which disproves what you just said about Obama or Dems somehow deserving credit instead of Republicans. There have been lots of articles about companies raising wages specifically because of the tax cuts.
http://tiny.cc/989esy
https://www.atr.org/list
Artificial, gov. imposed wage increases hurt job creation. This natural growth is much better.
You can't blame Bush for 8 years of unprecedented stagnation under Obama, complete with surveys of business owners explicitly citing Obamacare as a major reason for not hiring. The recession Obama "inherited" (which wasn't Bush's fault, btw) ran its course, lasting a little longer than the natural postwar average life cycle for a recession. Sharp recessions are typically followed by stronger than usual recoveries. All Obama had to do was sit back and take undeserved credit for a strong recovery. Instead he imposed idiotic Keynesian and socialist government burdens that stifled the US economy his entire presidency. That's why optimism...and true hope....suddenly surged after Trump was elected. People realized this crap was likely coming to an end. There was light at the end of the tunnel.
I don't dispute that the US engages in more "social spending" in certain areas, but European economies are more socialist than the USA's overall from a tax, regulatory, redistributionist, centrally planned, and even domestic spending front. We're still dealing with FDR's crushing legacy though.
Corporate rates were cut because the goal was to help the overall economy, and the US had the highest corp. tax rate in the world.
"Artificial, gov. imposed wage increases hurt job creation. This natural growth is much better."
I agree with that statement, it can hurt job creation at a certain point. At a low point it has little to no effect eg. Hong Kong has a minimum wage of around US$3 which is too low given the high living cost so it has a neglible effect as intended.
However, this is a different point from wages increasing due to minimum wage increase.
The tax cuts will have some temporary effect on wage increases but we know now that those were meager and the majority was used on share buybacks. Plus many people have found out they are worse off having filed their taxes. That they lost the house says alot. Especially interesting was that in OC, republican voters retained republicans for the state assembly but voted for democrats in the congressional house.
"socialist government burdens"
Like socialism for coal and the farmers affected by the trade war? Or the $4.8Bn subsidies to Foxconn?
"Corporate rates were cut because the goal"
I'm glad you've now admitted that instead of pretending that the average joe was the priority.
"The tax cuts will have some temporary effect on wage increases but we know now that those were meager and the majority was used on share buybacks. Plus many people have found out they are worse off having filed their taxes."
We don't know anything of the sort. The tax reform was a significant restructuring of the fiscal landscape that will permanently improve things over what they would have been otherwise. The business cycle will still exist with ups and downs but at a stronger level, all else being equal.
"That they lost the house says alot."
It says it was a mid term election where the opposition almost always makes gains. It says something that Republicans expanded their majority in the Senate despite 95% of the media/entertainment industry, including the top brass of every major social media site, waging daily, dishonest, propagandistic war against Trump and the conservative half of the nation, keeping the Democrat base whipped up into a perpetual, deranged frenzy the likes of which this country hasn't seen since the 1850s.
"I'm glad you've now admitted that instead of pretending that the average joe was the priority."
Overall economic health is more important to the average Joe than to anyone else.
Forgot to reply to this:
"Plus many people have found out they are worse off having filed their taxes."
That's complete horse crap. Typical returns are lower than last year because people have been keeping more of their own money each month than before. Last year the tax cut had been passed shortly before and made retroactive. That's how refunds work. The vast majority of Americans are better off thanks to the Trump tax cut. They're paying lower tax rates plus they have more jobs available at higher wages thanks to the stronger economy.
Uh-oh, now you've done it, captainburrito... You've fired-up that shill for big money conservatism, krl97a, into throwing a bunch of biased statistics at you to prove his points. Next he'll be responding to his own posts to fill up the thread with thousands of words just to prove how right he is ("right" is right, get it?).
Just bait him a little more...it's fun seeing him spew out his right-wing gibberish that everybody laughs at.
Sandoz is still butthurt.
"biased statistics"
LOL! BLS and BEA data certainly don't have a "right wing" bias, you idiot. It's not my fault the facts crush your illusions.
Blow it out your ass.
But that's kind of redundant to tell a goose-stepper like yourself, isn't it?
Yawn. Nazis were more about raising taxes than cutting them, halfwit. Try again.
shareI didn't say anything about taxes, moron, I was referring to ostriches like yourself who continue to support a corrupt and despicable juvenile-despot like Donald Trump.
But it's telling that you'd infer "taxes" was my intent for mentioning goose-steppers since the primary thing that really matters to Trump's avaricious dinosaur demographic is money.
I don't support gun control, a government dominated society, or national socialism as the Nazis did either, moron. Leftist halfwits like you are so projection prone.
share