More than 6 in 10 Americans feel better off last 3 years: #MAGA

Indeed

 

Yea not really,

Just borrowed a bunch of money and poured into the economy, in a time it was not necessary. Trillion dollar deficits in a good economy....laugh.

Akin to taking out a loan and then claiming to be rich. Untold future issues once a recession hits and we don't have the tools available to recover.

 

Geez, what's wrong with people? Unless the takeaway here is that presidents are precise about helping their own constituents and not others.

Still good news for Trump, I suppose, that so many people have convinced themselves they're better off whether they are or not.

 

I believe liberty is the primary factor.

 

And they still hate Trump and will come out in droves to vote him out of office. It's truly a testament to what kind of a President he is that "it's the economy, stupid" has been made completely irrelevant by all the terrible things does on a daily basis.

 

Talk about hitting the nail on the head.

 

I like liberty.

 

The split between Republican and Democratic responses to this question is striking. It suggests that the results are severely tainted by partisan leanings, rather than being based on an objective assessment of their well-being.

 

Any teabaggers left?

None?

Is it time to talk about how big assholes they were?

 

well, it’s about feeling which is quite subjective

 

They were really passionate about reducing govt. spending and the debt. Those things have increased exponentially under Trump. I wonder why they were so much more active then than they are now? What is it that is different?

 

I've stated this before and I'll just post it again:

Our economy is booming huh? That's why consumer debt is at levels right before the crash of 2008 and abuse of subprime mortgages are back in full bloom?

https://www.marketwatch.com/story/u...d-during-the-2008-financial-crisis-2019-06-19

It's so amazing how people can easily be deceived by GDP and stock market growth as genuine health indicators of how the economy is working for average Americans.

We live in what I call a "forced supply side" economic system. This happens every GOP cycle. Pump up the market for temporary gain by throwing money at the wealthy with massive tax cuts which increases the deficit. Lower fed interest rates. The "job creators" then proceed to invest not based on consumer demand based in added disposable income for the consumer class but rather laxed regulations in terms of borrowing money. An average of 1-3 percentage increase in average income when accounting for inflation doesn't change spending habits of the consumer hence this economic boom is being driven by consumers financing phones, tvs, furniture etc. And since the average disposable income of the average American family isn't increasing in any discernable amount, eventually all these bad loans and financing practices are going to result in massive levels of defaulting or consumers paying off bills rather than spending money on new products or services and boom, you have a recession.

That's what the GOP presidency does time and time again. They only care about the next election cycle, so as long as you can pump up the markets at the detriment of the long term health of the economy, so be it. It's a horrible system especially because all the massive publicly traded companies also have zero incentive for long term sustainability and would rather maximize profits for the next few quarters at the expense of long term sustainability. The average shareholder doesn't keep the same shares for years at a time and resuffles their investments constantly so there is no loyalty to a specific company for long term sustainability and the average executive at these publicly traded companies have an average term of 1-3 years so they couldn't give two ***** about what happens to the company 10-15 years down the line. All they care about as executives is maximizing profits for the allotted time they are at the helm so they can place their growth numbers on their resume for their next employer.

So we have two irresponsible forces that doesn't care about long term sustainability. What's even more frightening under Trump is usually during decent GDP growth, which we are experiencing now, the deficit is supposed to shrink as tax revenue is supposed to increase. But that is opposite of the case. The deficit is surging past 1 trillion dollars and that is frightening because when the next recession hits, that deficit is going to explode even more.

The economy isn't healthy. It isn't sustainable. Consumers have a limit of how much debt they can hold before the bubble bursts and the GOP only cares about pumping up numbers for temporary gain just for the next election. They are fine with these massive cycles of boom and recessions as long as the recessions that are created by their irresponsible polices occur under another adminstration. What's unfortunate is for th common American, these booms have little discernable effect on their lives as an increase of a couple of percentage points in average wage growth when accounting for inflation isn't life changing but recessions actually hit the consumer class hard. The average American doesn't feel the booms. They just feel the recessions. And the next recession given the massive amount of consumer debt and how our federal deficits are rapidly increasing is going to hit hard.

https://www.cnn.com/2020/02/12/economy/us-household-debt-record/index.html


If the American dream is fueled by consumer debt, then it really is a dream or a pipe dream for everyone else besides people who own significant capital. The most scary part of the current situation regarding Trump specifically is that his administration and the current Congress has basically created a situation where when the next crash does occur, we will be caught with our trousers down because the deficit is increasing to record levels even during sustained growth and interests rates are already very low where you can't go much lower when a crash hits.

 

Take advantage of the economy and prepare for the roller coaster fall that inevitably will come. When do I move my 401 allocation to the low yield safe fund? I almost did it last year. Forecasts are good for this coming year but Bernie could throw a wrinkle. I can say that coming out of the 2009 depression taught me to have a rainy day fund and for the first time in my life I have cash to ride out a few jobless months. Am I better off than I was three years ago. Yes. But I was also fine 3 years ago, so Obama does get credit from me. But I'm also fortunate in that Harris County is pretty reliant because of the diversity of industries. We're not as dependent on the oil/gas industry as we were years ago. Housing slow downs don't affect us like in other parts of the country because the growth rate here is so strong.

 

Democrats can be dismissive. The fact is the job market is strong and wages are actually growing.

I hope the candidates don't talk down to the contented like this thread.

The budget is a long-term problem that isn't tangible right now

@fchowd0311

This isn't 2008. See commodity prices

 

It will be tangible. We are due. It’s been what 11 years of growth?

 

If roles were reversed (not saying a Democrat would grow the deficit like this just if the president were Democrat), Republicans would demand a balanced budget and **** down the government.

Obviously im not recommending that.