US economy surges; 4.1 percent growth is fastest since 2014

[tlongII]

https://www.oregonlive.com/business/index.ssf/2018/07/us_economy_surges_41_percent_g.html

Thanks Obama!

[Pavlov]

Yeah, we all remember your crediting Obama for the economic growth in 2014.

[RandomGuy]

In May, inflation hit 2.8 percent and grew faster than wages, which increased 2.75 percent. Inflation numbers for June come out on Thursday.

https://www.nytimes.com/2018/07/06/business/dealbook/inflation-wages.html


tlong FAIL.


Again.

[tlongII]

https://www.nytimes.com/2018/07/06/business/dealbook/inflation-wages.html


tlong FAIL.


Again.

I hope I FAIL like that every year.

[boutons_deux]

confirms that real wages are falling (inflation more than offsetting wages gains.)

Will Trash intimidate the Fed into letting inflation go higher to keep unemployment down?

or will the Fed, in usual tactic, raise rates to kill millions of jobs to keep wages down?

"white working class" Trash votes getting screwed, but we like Macho Man, abortion!, fuck LGBT, and above all we whites hate browns, blacks, Muslims no matter what.

[Reck]

Under Obama, it surged 4 times over 4%. One of them being in the 5% bracket.

Try again.

[boutons_deux]

Unless you are in the top quintile, your boat is not getting floated, and

your household debt is increasing to record levels.

Americans have amassed a record $13.2 trillion in debt, but economists aren’t that worried about it

https://qz.com/1280927/us-household-debt-has-hit-an-all-time-high-of-13-2-trillion/

enslaved to interest payments that Capital suckered you with, and BigFinance will fuck you if you get behind.

[SnakeBoy]

https://www.nytimes.com/2018/07/06/business/dealbook/inflation-wages.html


tlong FAIL.


Again.

Fake News...again

https://www.glassdoor.com/research/local-pay-reports/

[hater]

Presidente Trumpeta no La Chinglary

[boutons_deux]

In Our ‘Winner-Take-Most’ Economy, the Wealth Is Not Spreading

Labor’s share of the pie is still crumbs. Is there a way for workers to regain some control over their lives?

Nearly half the country’s voters support a president (https://www.theguardian.com/commentisfree/2018/jul/23/liberals-donald-trump-support) who embraces upwardly redistributive policies that many of them do not benefit from.

Why?

Because on race, religion, abortion, LGBTQ rights (https://www.politico.com/story/2018/02/19/trump-lgbt-rights-discrimination-353774) and immigration,

President Trump — unlike previous Republican presidents — has given his voters exactly what they want (https://www.theguardian.com/commentisfree/2018/jul/23/liberals-donald-trump-support).

Nearly half the country’s voters support a president (https://www.theguardian.com/commentisfree/2018/jul/23/liberals-donald-trump-support) who embraces upwardly redistributive policies that many of them do not benefit from.

“Industries are increasingly characterized by a ‘winner take most’ feature where a small number of firms gain a very large share of the market,”

As superstar firms gain market share across a wide range of sectors, the aggregate share of labor falls.

the decline in the size of the pie going to labor — known among economists as “labor share” —

coincides with the rise of superstar firms and increasingly with the use of outsourcing to “temporary help agencies and independent contractors and freelancers for a wider range of activities previously done in-house,

including janitorial work, food services, logistics and clerical work.”

“fissuring of the workplace” that

can directly reduce the labor share by saving on the wage premia typically paid by large high-wage employers to ordinary workers and by reducing the bargaining power of both in-house and outsourced workers in occupations subject to outsourcing threats and increased labor market competition.


Together, these workplace trends account “for a significant portion of the increase in U.S. wage inequality since 1980.”

Policymaking, judicial decisions and structural changes in the economy have functioned in concert to weaken the clout of voters (https://www.brennancenter.org/new-voting-restrictions-america), consumers (https://theconversation.com/supreme-court-ruling-against-class-action-lawsuits-is-a-blow-for-workers-and-metoo-96976), workers (http://www.latimes.com/opinion/editorials/la-ed-scotus-unions-20180628-story.html) and minorities (https://www.brennancenter.org/new-voting-restrictions-america) — with considerable support and little or no objection from a key part of the electorate.

The Supreme Court has played a well-documented role in this process, especially in decisions on campaign finance and business law that have empowered corporations (http://www.minnesotalawreview.org/wp-content/uploads/2013/04/EpsteinLanderPosner_MLR.pdf) and the super rich (https://www.usatoday.com/story/news/politics/2014/04/02/supreme-court-campaign-finance/4481675/).

“Concentration in product markets can be mirrored by its labor market equivalent — monopsony — that exists when employers face limited competition for workers.”

Firms dominating concentrated labor markets “face relatively inelastic labor supply” (i.e., job choices are limited) which, in turn, allows employers to “reduce wages without losing all (or even a large fraction) of their workforces.”

https://www.nytimes.com/2018/07/26/opinion/labor-wages-inequality-midterms.html

We can expect the above shit storm for lower 4 quintiles to continue and worsen.

How can we expect otherwise?

What would stop or reverse it? nothing

The comment about the oligarchy-packed SCOTUS is amplified the oligarchy/Repugs polluting the Federal judiciary (where 95% of rulings are made) with political hacks in robes.

iow, the oligarchy intends to control society (enriching/protecting themselves) not by legislation, which is unreliable, but by judicial activism by political whore judges ruling in their favor.

[koriwhat]

In Our ‘Winner-Take-Most’ Economy, the Wealth Is Not Spreading

Labor’s share of the pie is still crumbs. Is there a way for workers to regain some control over their lives?

Nearly half the country’s voters support a president (https://www.theguardian.com/commentisfree/2018/jul/23/liberals-donald-trump-support) who embraces upwardly redistributive policies that many of them do not benefit from.

Why?

Because on race, religion, abortion, LGBTQ rights (https://www.politico.com/story/2018/02/19/trump-lgbt-rights-discrimination-353774) and immigration,

President Trump — unlike previous Republican presidents — has given his voters exactly what they want (https://www.theguardian.com/commentisfree/2018/jul/23/liberals-donald-trump-support).

Nearly half the country’s voters support a president (https://www.theguardian.com/commentisfree/2018/jul/23/liberals-donald-trump-support) who embraces upwardly redistributive policies that many of them do not benefit from.

“Industries are increasingly characterized by a ‘winner take most’ feature where a small number of firms gain a very large share of the market,”

As superstar firms gain market share across a wide range of sectors, the aggregate share of labor falls.

the decline in the size of the pie going to labor — known among economists as “labor share” —

coincides with the rise of superstar firms and increasingly with the use of outsourcing to “temporary help agencies and independent contractors and freelancers for a wider range of activities previously done in-house,

including janitorial work, food services, logistics and clerical work.”

“fissuring of the workplace” that

can directly reduce the labor share by saving on the wage premia typically paid by large high-wage employers to ordinary workers and by reducing the bargaining power of both in-house and outsourced workers in occupations subject to outsourcing threats and increased labor market competition.


Together, these workplace trends account “for a significant portion of the increase in U.S. wage inequality since 1980.”

Policymaking, judicial decisions and structural changes in the economy have functioned in concert to weaken the clout of voters (https://www.brennancenter.org/new-voting-restrictions-america), consumers (https://theconversation.com/supreme-court-ruling-against-class-action-lawsuits-is-a-blow-for-workers-and-metoo-96976), workers (http://www.latimes.com/opinion/editorials/la-ed-scotus-unions-20180628-story.html) and minorities (https://www.brennancenter.org/new-voting-restrictions-america) — with considerable support and little or no objection from a key part of the electorate.

The Supreme Court has played a well-documented role in this process, especially in decisions on campaign finance and business law that have empowered corporations (http://www.minnesotalawreview.org/wp-content/uploads/2013/04/EpsteinLanderPosner_MLR.pdf) and the super rich (https://www.usatoday.com/story/news/politics/2014/04/02/supreme-court-campaign-finance/4481675/).

“Concentration in product markets can be mirrored by its labor market equivalent — monopsony — that exists when employers face limited competition for workers.”

Firms dominating concentrated labor markets “face relatively inelastic labor supply” (i.e., job choices are limited) which, in turn, allows employers to “reduce wages without losing all (or even a large fraction) of their workforces.”

https://www.nytimes.com/2018/07/26/opinion/labor-wages-inequality-midterms.html

We can expect the above shit storm for lower 4 quintiles to continue and worsen.

How can we expect otherwise?

What would stop or reverse it? nothing

The comment about the oligarchy-packed SCOTUS is amplified the oligarchy/Repugs polluting the Federal judiciary (where 95% of rulings are made) with political hacks in robes.

iow, the oligarchy intends to control society (enriching/protecting themselves) not by legislation, which is unreliable, but by judicial activism by political whore judges ruling in their favor.





was obama's admin not an oligarchy?

let's see how this plays out... lol

[koriwhat]

as well boutons, obama's admin is still trying to rule this country and the world... all that egg on your face isn't a good look on you.

[Spurtacular]

Yeah, we all remember your crediting Obama for the economic growth in 2014.

Are you going to thank Trump in 2018?

[rmt]

was obama's admin not an oligarchy?

let's see how this plays out... lol

maybe that oligarchy started when Trump became pres?

[Pavlov]

Are you going to thank Trump in 2018?I don't thank presidents for the economy.

Do you?

[koriwhat]

maybe that oligarchy started when Trump became pres?

it's just funny how this dude djt became the most hated man in the world once he stated his run for presidency.... but he was once a loved man by all prior.

these people like boutons are just delusional mental cases who desperately want to belong to a group so bad they're willing to lie, cheat, steal, and be hypocritical in their values/ideology. a bunch of frauds just like their hero's obama & hrc. frauds!

[DarrinS]

:lmao


https://www.youtube.com/watch?v=ApXiK61ZlRA

[Chris]

1022930129918611456

She fine though :tu

[Spurtacular]

I don't thank presidents for the economy.

Do you?

Then why you crying about someone else not doing it?

:lmao Today's chump

[Spurtacular]

Under Obama, it surged 4 times over 4%. One of them being in the 5% bracket.

Try again.


Following today's extremely disappointing US GDP growth data (http://www.zerohedge.com/news/2017-01-27/q4-gdp-misses-big-exports-tumble-us-economy-grows-paltry-16-2016), we have the final nail in the coffin of President Obama's economic reign. Not only is the average annual growth rate of just 1.48% during Obama's business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.
An average annual GDP growth of 1.48% during Obama's two terms...



:lmao Reck'd

https://www.zerohedge.com/news/2017-01-27/barack-obama-now-only-president-history-never-have-year-3-gdp-growth

[Pavlov]

Then why you crying about someone else not doing it?

:lmao Today's chumpDo you thanks presidents for the economy, derp?

Yes or no.

[DMX7]

Deficit financed growth and real wages aren't rising materially. Consider me unimpressed.

[Reck]

:lmao Reck (http://www.spurstalk.com/forums/member.php?u=14412)'d

https://www.zerohedge.com/news/2017-01-27/barack-obama-now-only-president-history-never-have-year-3-gdp-growth

:lol Zerohedge

You need better sources, she-wolf because this isn't about annual growth. It's quarterly.

1022828861820731393


The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.


While Mr. Trump praised the 4.1 percent annual growth rate in the second quarter, the economy exceeded that level four times during the Obama presidency: in 2009, 2011 and twice in 2014.



https://www.cbsnews.com/news/us-gdp-growth-touted-as-historic-by-trump-is-totally-standard/

Derp not able to diffirentiate between annual and quarterly gains. :lol derps gonna derp.

[Spurtacular]

Do you thanks presidents for the economy?

Yes or no.

I acknowledge their often pivotal part in it, yes.

Also, you didn't answer why you were crying about someone not thanking a president when you admit that you don't do it.

[Spurtacular]

:lol Zerohedge

You need better sources, she-wolf because this isn't about annual growth. It's quarterly.

1022828861820731393



https://www.cbsnews.com/news/us-gdp-growth-touted-as-historic-by-trump-is-totally-standard/

Derp not able to diffirentiate between annual and quarterly gains. :lol derps gonna derp.

You don't get good annual growth without strong quarterly growth.

:lmao Today's tranny trying to split hairs.
:lmao Bragging about a president who did not have one year in eight of 3 percent GDP growth (only president to be that inept).
:lmao Triggered by sites that deal in facts.

[Spurtacular]

Deficit financed growth and real wages aren't rising materially. Consider me unimpressed.

Okay, I consider you unimpressed by the Obama years.

[Reck]

You don't get good annual growth without strong quarterly growth.

:lmao Today's tranny trying to split hairs.
:lmao Bragging about a president who did not have one year in eight of 3 percent GDP growth (only president to be that inept).
:lmao Triggered by sites that deal in facts.

A barrage of emoticons won't save you from your math fuckup, derp.

I hardly blame you though. You can barely read.

[koriwhat]

A barrage of emoticons won't save you from your math fuckup, derp.

I hardly blame you though. You can barely read.

shit wasn't great under obama so what really have you got? nada... 8 yrs of nothing from that dude and his OLIGARCHY! haha

[Pavlov]

I acknowledge their often pivotal part in it, yes.So you acknowledge Obama's pivotal part in the economic growth during his terms?


Also, you didn't answer why you were crying about someone not thanking a president when you admit that you don't do it.False premise.

[Spurtacular]

A barrage of emoticons won't save you from your math fuckup, derp.

I hardly blame you though. You can barely read.

Yea, I admit that I can't do tranny math like you. :lmao

[Spurtacular]

False premise.

Explain the false premise. This ought to be good.

[Spurtacular]

So you acknowledge Obama's pivotal part in the economic growth during his terms?


I acknowledge Obama's pivotal part in anemic economic growth; yes.

[SnakeBoy]

:lmao


https://www.youtube.com/watch?v=ApXiK61ZlRA

:lol got smacked with reality

[Spurtacular]

Two years of crying about a nothing burger. Pretty sad.

[Pavlov]

I acknowledge Obama's pivotal part in anemic economic growth; yes.
You've already seen the quarters the economy did better than Trump's.

lol derp

[Pavlov]

Two years of crying about a nothing burger. Pretty sad.

lol "Hillary's crimes"

[DMC]

There's probably 5 people in total on these forums who would know that the economy has changed one iota, because you are all either hourly workers or you at least live paycheck to paycheck. You're not investing, you don't have hedge funds, you're not a big shareholder.

All this talk is just scoreboarding in a game most of you don't know shit about. We have a few here who are likely business savvy and understand economics and were positioned to score. The rest of you are just coming from the nacho stand, late for the tip off and you see the crowd cheering and you get in on it, unless you're for the other team and then you boo... booo... because you're a scoreboarder, don't know the game.

:lol

[Chucho]

There's probably 5 people in total on these forums who would know that the economy has changed one iota, because you are all either hourly workers or you at least live paycheck to paycheck. You're not investing, you don't have hedge funds, you're not a big shareholder.

All this talk is just scoreboarding in a game most of you don't know shit about. We have a few here who are likely business savvy and understand economics and were positioned to score. The rest of you are just coming from the nacho stand, late for the tip off and you see the crowd cheering and you get in on it, unless you're for the other team and then you boo... booo... because you're a scoreboarder, don't know the game.

:lol


Det Splits post. Now you're gonna get pelted with "you're fat" angry posts.

[Spurtacular]

You've already seen the quarters the economy did better than Trump's.

lol derp

You're gonna cherry pick data to ignore the fact that Obama is the only president to not have a year of three percent GDP growth?

:lmao Today's chump.
:lmao Derpin' like his tranny man.

[RandomGuy]

I hope I FAIL like that every year.

So you WANT wages to go DOWN? Did I read that right?

[tlongII]

So you WANT wages to go DOWN? Did I read that right?

Wages are not going down.

https://www.usatoday.com/story/money/economy/2018/07/05/us-wage-growth-in-june-was-2018s-strongest-so-far/36579285/

[Isitjustme?]

"Since 2014"

dont nobody tell him

[dabom]

"Since 2014"

dont nobody tell him

:lol

[Chris]

1024026714773454848

[Chris]

1024132542859866112