Dow 24000 and the Trump Boom

[RunForTheRoses]

https://www.wsj.com/articles/dow-240...oom-1513294061

From the article:

The election night selloff turned out to be a huge buying opportunity. Companies had been sitting on cash—not investing or hiring. ObamaCare compliance was a nightmare for many business owners. It made them wonder what other big idea from Washington would haunt them in the future. Mrs. Clinton was likely to increase business costs further, while Mr. Trump had vowed to reduce them. Even in the middle of the election-night market panic, the implications for corporate revenue and earnings growth seemed obvious.

...It’s not just an American growth story. For the first time in a long time the world is experiencing synchronized growth, which is why Goldman Sachs and Barclays among others have recently predicted 4% global growth in 2018. The entire world benefits when its largest economy is healthy, and the vibrancy overseas is reinforcing the U.S. resurgence

[boxcar]

Originally Posted by RunForTheRoses

https://www.wsj.com/articles/dow-240...oom-1513294061

From the article:

The election night selloff turned out to be a huge buying opportunity. Companies had been sitting on cash—not investing or hiring. ObamaCare compliance was a nightmare for many business owners. It made them wonder what other big idea from Washington would haunt them in the future. Mrs. Clinton was likely to increase business costs further, while Mr. Trump had vowed to reduce them. Even in the middle of the election-night market panic, the implications for corporate revenue and earnings growth seemed obvious.

...It’s not just an American growth story. For the first time in a long time the world is experiencing synchronized growth, which is why Goldman Sachs and Barclays among others have recently predicted 4% global growth in 2018. The entire world benefits when its largest economy is healthy, and the vibrancy overseas is reinforcing the U.S. resurgence

And, Libs, I hate to burst your bubble and ruin your day but the truth of the matter is that all this stupendous growth and boom and consumer confidence is not on Obama. What you guys conveniently forget is that the Fed back in BO's day and BO himself told Americans that the new norm for the American economy would be greatly reduced growth.

Liberals, on the other hand, will see much wisdom in “A Model of Secular Stagnation” by Gauti Eggertsson and Neil Mehrotra, which argues post recession deleveraging and an increase in inequality “can lead a permanent (or very persistent) slump.”

http://www.aei.org/publication/team-...-here-to-stay/

And if any of you libs have a tough time in figuring out the "wisdom" stated above, just let me know. I'll spell it out for you.

Also, see:

https://www.washingtontimes.com/news...he-new-normal/

Just remember: Obama's most memorable legacy is that his administration was a CAN'T DO one. Can't get the economy rolling. Can't reduce illegal immigration. Can't do this, can't do that. The "new norm" is this...

At the end of the day, it's Trump who got us out of the slump.

[JustRalph]

Lowest unemployment claims in 44 years........


That’s a huge item

[boxcar]

Originally Posted by JustRalph

Lowest unemployment claims in 44 years........


That’s a huge item

And food stamp giveaways are also way down!

[Lemon Drop Husker]

Best news is more home ownership for African-Americans and minorities along with the lowest level of unemployment for African-Americans in American history.

All assuredly due to Obama of course.

[PaceAdvantage]

If this continues, "it's the economy, stupid" may take on a whole new meaning.

[boxcar]

Originally Posted by Lemon Drop Husker

Best news is more home ownership for African-Americans and minorities along with the lowest level of unemployment for African-Americans in American history.

All assuredly due to Obama of course.

And this is no small problem for die-hard socialist dems. No good socialist worth his or her salt is in favor of real property ownership. So, down the road when the libs try to enact legislation that would threaten home ownership, they stand to lose a big part of their base. This is precisely why it so important to not only keep the "slaves" on the government plantation but to grow the plantation, as well. After all, it's difficult to miss what one never had.

[Lemon Drop Husker]

Originally Posted by boxcar

And this is no small problem for die-hard socialist dems. No good socialist worth his or her salt is in favor of real property ownership. So, down the road when the libs try to enact legislation that would threaten home ownership, they stand to lose a big part of their base. This is precisely why it so important to not only keep the "slaves" on the government plantation but to grow the plantation, as well. After all, it's difficult to miss what one never had.

The Mason-Dixon line has never ceased to exist in our country.

It has simply been gerrymandered by those that claim to be the better.

[boxcar]

Originally Posted by Lemon Drop Husker

The Mason-Dixon line has never ceased to exist in our country.

It has simply been gerrymandered by those that claim to be the better.

Well said! That line gave birth to identity politics.

[Tom]

Originally Posted by JustRalph

Lowest unemployment claims in 44 years........


That’s a huge item

And the cherries taste a little sweeter, and the coffee a little milder.
And the grass has been much greener this year.

[porchy44]

Stock market booming. Unemployment at its lowest . Economy is great.

But our country has to steal from future generations and borrow money
in order to give tax cuts. Any contradictions here ?

Just remember the Roman empire fell too. Nothing on earth is forever.

[AndyC]

Originally Posted by porchy44

Stock market booming. Unemployment at its lowest . Economy is great.

But our country has to steal from future generations and borrow money
in order to give tax cuts. Any contradictions here ?

Just remember the Roman empire fell too. Nothing on earth is forever.

As was seen in the Reagan tax cuts growth really did bring in much more revenue. Enough revenue to cover all expenses if the expenses were not increased at an alarming rate. So it is very clear that the expenses are the problem not the tax rate or revenue.

The solution to me is simple. Make everybody pay taxes. People will be far more engaged with how the government spends our tax money when they are part of the crowd paying the taxes. Can an electorate clamor for spending cuts when most of them are the recipients of the spending? The overwhelming majority of the people do not care about the deficit because they know they will never be responsible for paying it or paying to service the debt. And they have know perspective on the pain that will be inflicted on future generations because they have not felt any pain.

[RunForTheRoses]

Originally Posted by porchy44

Stock market booming. Unemployment at its lowest . Economy is great.

But our country has to steal from future generations and borrow money
in order to give tax cuts. Any contradictions here ?

Just remember the Roman empire fell too. Nothing on earth is forever.

I don't think anyone believes we are in some golden age, it is that there are some positive signs. Wages are fairly stagnant, probably because the Unemployment number does not tell all, there are a lot of people outside of the statistic who have given up looking for work or are working part time and not included as unemployed. Fighting these foreign wars are also very expensive, when will they end? All in all we are doomed.

[davew]

You are all being conned, and just do not know it (yet)...

http://www.latimes.com/opinion/op-ed...217-story.html

[Tom]

Originally Posted by porchy44 View Post
Stock market booming. Unemployment at its lowest . Economy is great.

But our country has to steal from future generations and borrow money
in order to give tax cuts. Any contradictions here ?

And the Obama administration stole from future generations too - only to give us higher HC costs.

Your whining would carry some weight if you had complained before.
This time. there is real opportunity for businesses to start pumping out more jobs which means more taxes collected.