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Originally Posted by Skuj
I keep wondering about something......
All these wonderful numbers and stock market things......what does it mean to the average American? Is it different this time because of that tax cut?
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well: nothing unless you drink the kool aid
-we supposedly have minimal unemployment, but there has been no wage growth, and labor force participation is lower now than it was in 2000. this is was already the case under obama, republicans made a big stink of it, now they boast about their “success”. that’s the kool-aid i’m talking about. same facts, different interpretations.
-but: we also have inflation now, and inflation is eating the tax cuts
-plus, the business cycle is nearing its end, sped up by trump’s dumb trade war and other shenanigans. the tax cuts extended it for a little while though. the orange lord giveth and the orange lord taketh away ha ha ha. the narcissist!
-stock market highs are good for investors—until there’s a correction and everyone panics. nobody ever learns. but yeah— say a firefighter or a teacher care more about their current paychecks than about the state of their pension fund.
-but when the market is on the rise, companies hire people, make capital purchases, etc.
-the news i’ve been reading say businesses are already preparing for the down cycle. the latest spike in purchasing has more to do with rushing ahead of tariffs taking effect.
so: when the inevitable correction comes, the indexes go down, investment follows in a spiral for a while, unemployment goes up accordingly, the people rage and demand human sacrifices, and they vote out the old and elect a new set of promises.
when will that be i am not sure. the big question is: before or after november?
it will be before 2020 for sure.
the other question is how deep will things go. will it just be a small correction or series of corrections? will it be a recession? a depression? a cataclysm?
ask nostradamus...
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Originally Posted by Skuj
Obama had good "numbers" after he saved the planet from the 2008/9 meltdown, but that didn't mean dick to the average voter.
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well... no.... sort of.
read the link i posted for rob in response to his comment about both parties being the same. it’s like six pages long.
obama got a lot of recognition for saving the economy. but the rise of the tea party and the loss of both houses of congress weakened him. he had a decent approval rating till the end though.