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Post by atownbeaver on Jun 17, 2020 16:38:46 GMT -8
Curious why no mention of Quantitative Easing or Fed interest rate manipulation and their gross impact on the Obama year economic numbers? Let me put this in another way. I have never seen so many help wanted signs on business doors, or good paying job postings as I have in the past couple years. In quite a few years of being in business I have never heard so many employers complaining about having more work to do than manpower to get it done. The "help wanted" are for part time or minimum wage jobs. Can't provide for a family that way. But the availability of cheap jobs, a chugging DOW Jones, or the growth of your 401K are the wrong metrics for evaluating the health of the economy. You should get to know the federal treasuries yields and learn what they mean an inversion of the yield curve. When the yield curve inverts [short term notes paying higher yields than long term yields] the economy is weakening and sliding into a recession. The longer the inversion, the longer the recession. The last eight recessions were signaled by inversions of the yield curve. "Curious why no mention of Quantitative Easing or Fed interest rate manipulation and their gross impact on the Obama year economic numbers?" Why should it be mentioned? That's why the Fed was established -- to use various mechanisms of monetary policy to stimulate growth and/or control inflation. The Fed has used one of these methods during every administration since the Fed was created. US per capita income is unchanged in trend post-recession fred.stlouisfed.org/series/A792RC0A052NBEAAt the end of the day Quantitative Easing and Federal rate manipulation are economic policy decisions. The question amounts to: why didn't you mention economic policy decisions when showing the impact of economic policy? I didn't do it for Trump either, why would I mention it for Obama? MOre over, I showed the outcome of the policy decisions, which are more or less the same. indicating regardless of what the economic policies decisions and actions where, for the measures I presented, the results were the same: similar average annual growth. Also further indication that Trump's administration has so far not shown an improvement (or worsening) of the trend that existed before he took over. More over, it goes down the path of now value-judging the worthiness of the economic policy. The implication of the statement was "Obama didn't do anything, QE did". It is just kind of a sad attempt to discredit one president, by saying the economic outcomes were due to something else (Despite having the support of his administration and the federal reserve chair, Janet Yellen, he appointed...) and not "him". Whereas this other president got the same results but "didn't need no stinking QE" which of course is A. not really true, and B. kind of a dumb argument because both president's inherited vastly different economic situations and if you are going to judge Obama on QE then you gotta judge Trump on inheriting a rocking economy already. But oddly, I find the people tend to not want to give or take equally allowances in their analysis. Either way, it is a silly argument because it lasted well into Trump's term, and we just started a new program... so... Not sure what else to say. |
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Post by hottubbeaver on Jun 17, 2020 16:47:50 GMT -8
Curious why no mention of Quantitative Easing or Fed interest rate manipulation and their gross impact on the Obama year economic numbers? Let me put this in another way. I have never seen so many help wanted signs on business doors, or good paying job postings as I have in the past couple years. In quite a few years of being in business I have never heard so many employers complaining about having more work to do than manpower to get it done. Because QE from the recession carried through 2018 and we only have one year of "tightening" we haven't actually done that much of it because on March 15th, 2020 the Feds launch a massive new waive of QE... We are in a new recession, right now, the Feds are manipulating interest rates, right now. Will that factor into your final analysis of Trump? 2018? QE3 ceased the 65 billion(was 85B) monthly buyback Q4 of 2014. Here's another, possibly much more complete measures I would suggest you look at. Total tax revenue by year. With no Quantitative easing, and the passing of a major tax relief program (TCJA) among other tax cuts since, Federal tax revenue has increased markedly from 3.25 trillion in Obama's last term (his highest year) to 3.46 trillion in 2019 under Trump. Lower tax rates, yet more tax revenue...hmm, who's opposed to that? Income and corporate tax brackets/rates are lower under the TCJA Trump signed into law yet tax revenues have gone up substantially under Trump. You know how that happens right? |
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Post by Deleted on Jun 17, 2020 16:53:57 GMT -8
I have a Wall Street journal subscription and get a bbc feed. I also watch the local Portland news on occasion to ensure I can make it into and out of the city just in case some morons are blocking the freeway. I’m not familiar with breitbart and really only have this board as well as a neighbor chat board. Where do you get your news? Any suggestions on what I should read or watch? Sorry. I read this after I made my post. I tried to delete it, but didn't know that they had gotten rid of the delete function.
I believe in NPR. I think it is well-balanced.
But I will check the other news outlets on occasion. CNN and Fox (for me) go hand in hand. Both cater to a sensationalized audience. My wife loves the local news programs--I think she has a thing for the weathermen. LOL.
I do not mind that there is Fox News or Breitbart or any of the other stations. I don't like the casual use of the term "Fake News" that has been rampant over the past five years. Especially from elected officials. "Fake News" gives anyone carte blanche to disregard all news that they don't agree with. It is disgusting. It lowers our country to the kind of crap that you find on message boards. Name calling and casting aspersions.
Is this making America a better country? Better than what?
Ic. I believe the media is dividing the country regardless of what side you are own to make money and push their political agenda. I just wouldn’t assume that if you are from Pendleton you are a far right wacko. People do to much of that nowadays and are too quick to stereotype people especially those they don’t even know. I don’t watch any of that sh..t and I never will. It’s toxic propaganda and opinions that are |
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Post by hottubbeaver on Jun 17, 2020 17:00:58 GMT -8
Curious why no mention of Quantitative Easing or Fed interest rate manipulation and their gross impact on the Obama year economic numbers? Let me put this in another way. I have never seen so many help wanted signs on business doors, or good paying job postings as I have in the past couple years. In quite a few years of being in business I have never heard so many employers complaining about having more work to do than manpower to get it done. The "help wanted" are for part time or minimum wage jobs. Can't provide for a family that way. But the availability of cheap jobs, a chugging DOW Jones, or the growth of your 401K are the wrong metrics for evaluating the health of the economy. You should get to know the federal treasuries yields and learn what they mean an inversion of the yield curve. When the yield curve inverts [short term notes paying higher yields than long term yields] the economy is weakening and sliding into a recession. The longer the inversion, the longer the recession. The last eight recessions were signaled by inversions of the yield curve. "Curious why no mention of Quantitative Easing or Fed interest rate manipulation and their gross impact on the Obama year economic numbers?" Why should it be mentioned? That's why the Fed was established -- to use various mechanisms of monetary policy to stimulate growth and/or control inflation. The Fed has used one of these methods during every administration since the Fed was created. Nope there were, and still are actually, businesses looking for full time workers. Some are entry level paying jobs, others, like I know of in the construction industry, are starting at $25phr with benefits. To your second paragraph, you're conflating why Quantitative easing should be mentioned in a post attempting to highlight and compare the economic health between two Presidents' economies, with the mission of the Fed. We all understand why the Fed did what they did, whether you agreed with it in full or not, nobody was arguing what their purpose was. The point is, the action they took did have a gross impact on the economy(that's was the purpose). So comparing the economic numbers from a time when billions are being artificially pumped into it, to a time when billions are not, is dishonest and misleading. |
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Post by lebaneaver on Jun 17, 2020 17:04:01 GMT -8
"America was on the path to becoming great again before this whole coronavirus thing." It was? It was GREAT before. The chump in chief has LESSENED America in every conceivable way. Here and abroad. If one doesn't see that, then it is simply a matter of ideology, and not wanting to acknowledge everything that he has touched is dying or is already dead. Everything.
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Post by hottubbeaver on Jun 17, 2020 17:12:41 GMT -8
"America was on the path to becoming great again before this whole coronavirus thing." It was? It was GREAT before. The chump in chief has LESSENED America in every conceivable way. Here and abroad. If one doesn't see that, then it is simply a matter of ideology, and not wanting too acknowledge everything that he has touched is dying or is already dead. Everything. Clearly you, or nobody you know are veterans who had to rely on the VA before Trump passed the Veteran's Choice Act. Actually, you know what the VA in some parts of the country was actually above average so I don't want to paint with a broad brush, but this was a long needed reform many had gave lip service to and only one actually got done. Just like prison reform. Are you against that too? |
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Post by ochobeavo on Jun 17, 2020 17:37:29 GMT -8
I’m impressed that this thread has made it 9 pages, fairly civil disagreements... well done.
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Post by Deleted on Jun 17, 2020 17:42:13 GMT -8
I wish sports would come back already. I've watched all I can handle of darts and cornhole, and now I'm on to professional wiffle ball, which has a much higher production value in my opinion. Major League Wiffle Ball I'm tired of every single thread on here turning into a partisan pissing contest. Pro tip: None of you will ever change another person's political opinion on a Beaver sports message board, no matter how many links from imright.org you cite.  |
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Post by lebaneaver on Jun 17, 2020 18:43:46 GMT -8
I wish sports would come back already. I've watched all I can handle of darts and cornhole, and now I'm on to professional wiffle ball, which has a much higher production value in my opinion. Major League Wiffle Ball I'm tired of every single thread on here turning into a partisan pissing contest. Pro tip: None of you will ever change another person's political opinion on a Beaver sports message board, no matter how many links from imright.org you cite. We NEED the old ESPN "Australian Rules Football" again!!! |
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Post by spudbeaver on Jun 17, 2020 18:55:07 GMT -8
The most disappointing thing about this thread to me is the Improper use of the words “to” and “too”! Come on folks!
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Post by lebaneaver on Jun 17, 2020 18:58:12 GMT -8
The most disappointing thing about this thread to me is the Improper use of the words “to” and “too”! Come on folks! Edited....You were quite right. I suppose I originally wanted to end the sentence with, "too." I rambled and didn't......;-) |
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Post by seastape on Jun 17, 2020 19:12:19 GMT -8
The "help wanted" are for part time or minimum wage jobs. Can't provide for a family that way. But the availability of cheap jobs, a chugging DOW Jones, or the growth of your 401K are the wrong metrics for evaluating the health of the economy. You should get to know the federal treasuries yields and learn what they mean an inversion of the yield curve. When the yield curve inverts [short term notes paying higher yields than long term yields] the economy is weakening and sliding into a recession. The longer the inversion, the longer the recession. The last eight recessions were signaled by inversions of the yield curve. "Curious why no mention of Quantitative Easing or Fed interest rate manipulation and their gross impact on the Obama year economic numbers?" Why should it be mentioned? That's why the Fed was established -- to use various mechanisms of monetary policy to stimulate growth and/or control inflation. The Fed has used one of these methods during every administration since the Fed was created. Nope there were, and still are actually, businesses looking for full time workers. Some are entry level paying jobs, others, like I know of in the construction industry, are starting at $25phr with benefits. To your second paragraph, you're conflating why Quantitative easing should be mentioned in a post attempting to highlight and compare the economic health between two Presidents' economies, with the mission of the Fed. We all understand why the Fed did what they did, whether you agreed with it in full or not, nobody was arguing what their purpose was. The point is, the action they took did have a gross impact on the economy(that's was the purpose). So comparing the economic numbers from a time when billions are being artificially pumped into it, to a time when billions are not, is dishonest and misleading. But billions are being pumped into it in both cases. QE already discussed. However, the US deficit in 2016 was $585 billion (up from $442 billion in 2015), 3.1% of GDP. In 2017, it was increased to $665 billion (3.4%), 2018 to $779 billion (3.8%) and 2019 to $984, or 4.6% of GDP. Most projections had it over $1 trillion before coronavirus.
Frankly, it is unfathomable why the greatest economy in the history of the world has a high deficit that just keeps climbing...or is that a factor in what makes it the greatest economy in the history of the world?
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Post by spudbeaver on Jun 17, 2020 19:35:12 GMT -8
The most disappointing thing about this thread to me is the Improper use of the words “to” and “too”! Come on folks! Edited....You were quite right. I suppose I originally wanted to end the sentence with, "too." I rambled and didn't......;-) I was just trying to lighten things up. Not trying to pick on anyone. |
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Post by ee1990 on Jun 17, 2020 19:35:59 GMT -8
Permanent lung damage is not a political agenda unless you allow it to be.
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Post by spudbeaver on Jun 17, 2020 19:44:23 GMT -8
Never mind...
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