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| Economy |
| Goldilocks is dead |
| 2018-02-28 |
[TheBurningPlatform] “Once you strip out the effects of the debt binge, the artificial stimulus via currency depreciation, and the fabled ‘wealth effect’ from the equity market runup, real GDP growth stripped-down to its core was the grand total of 0.7% last year. Potemkin would be proud.” |
| Posted by:newc |
| #16 Our legacy welfare programs are the bulk of the expenditure. Disability, social security, medicare. Those three alone are casey jones. |
| Posted by: newc 2018-02-28 15:13 |
| #15 I agree with RJ (#12) It is one thing to suggest folks want to get wealthy and don't care about the middle class and poor and an entirely different thing to say the true purpose is to get rich "while impoverishing Main Street" I recall the Dems and their cronies got richer in the Obama years, and almost certainly so during the Clinton years. Perhaps a little less during the Bushitler terms of office. That's why Hilly had such a strong following - they all wanted to get in on the action. That's why the Deep State is still trying to push Trump out of office - they know the Dems will reward them appropriately. |
| Posted by: Bobby 2018-02-28 14:18 |
| #14 If you have a 401k, you have probably shared in the wealth - at least on paper. |
| Posted by: Bobby 2018-02-28 14:14 |
| #13 The tremendous gains in productivity enabled by computerization have all been pocketed by Wall Street. Anyone who has a little spare change can own a piece of Wall Street. One needn’t have thousands of dollars set aside to gamble on stocks; some of the basic, broad-based Charles Schwab mutual funds have a starting purchase requirement of $100, according to this article. |
| Posted by: trailing wife 2018-02-28 12:37 |
| #12 IT is one thing to suggest folks want to get wealthy and don't care about the middle class and poor and an entirely different thing to say the true purpose is to get rich "while impoverishing Main Street" This might be bad wording but it's going clearly towards conspiracy territory teh way it is written. |
| Posted by: rjschwarz 2018-02-28 12:03 |
| #11 Whaddaya mean, conspiracy theorish? They have been crushing us for decades. NAFTA was the beginning of the end for the American working class. Admitting China to the WTO was a killer, and TPP would have been the coup de grace. America is an incredibly wealthy country. Why is it that all the gains go to Wall Street while we have to bust our asses to find a job, only to get laid off? Wages have hardly budged in 20 years. The tremendous gains in productivity enabled by computerization have all been pocketed by Wall Street. |
| Posted by: Herb McCoy7309 2018-02-28 11:23 |
| #10 Anyone know anything about "The Burning Platform". I don't know enough about economics to say if he's right or wrong but "The true purpose of the actions taken since 2008 has been to enrich Wall Street while impoverishing Main Street. " sounds more than a little conspiracy theoryish to me. |
| Posted by: rjschwarz 2018-02-28 10:40 |
| #9 Sometimes, I read the headline and the article. Sometimes, it pays to read the article - I spent the entire Obama presidency obliterating the fake economic data perpetuated by his BLS, BEA and every other government agency trying to paint a rosy economic picture. I voted for Trump because the thought of Crooked Hillary as the president made me ill. |
| Posted by: Bobby 2018-02-28 10:39 |
| #8 If you went in and stripped out the nonsense and crazy crap environmental and economic policies of the states controlled by the |
| Posted by: Sock Puppet of Doom 2018-02-28 10:20 |
| #7 ...someone, someone doubled the national debt the 8 prior years (aided and abetted by someone, someone else controlling Congress). |
| Posted by: Procopius2k 2018-02-28 09:19 |
| #6 I wonder why Mr. Rosenberg was content to confine his analysis to Trump's first year? |
| Posted by: Raj 2018-02-28 09:04 |
| #5 I know little about economics but do not trust the gov't or anyone else who must consistently borrow money or make trouble to survive. The gov't would appear to have no intention of actually paying any of it back. I see it then as legalized thrft. |
| Posted by: Besoeker 2018-02-28 05:43 |
| #4 Well, Everything must be based on an annuity. You cannot even pay for anything at all if there is no liquidity to do so. This is why no one used to get a loan in war or depression. You must have an engine with enough gas and air to fuel an economy. And with-ought that, your general stores would dry up of goods. We need enough growth to pay for itself and enough growth to support the 2% population growth included. Economics are laws, they may only be broken for so long. This posting is only a call for corrective action on our debt. |
| Posted by: newc 2018-02-28 04:09 |
| #3 Who cares what GDP growth is? How well are our people doing? To the devil with GDP. We need to make a good life for our people and if that means decreasing the all-so-holy GDP growth then so be it. |
| Posted by: Herb McCoy7309 2018-02-28 03:31 |
| #2 It is not enough to dig us out of this hole. If they don't tackle this debt or show slow progress, there is no real addition because that .7 will not finance the interest on the debt. |
| Posted by: newc 2018-02-28 01:03 |
| #1 And how does that 'real' .7% compare with other years? At least it's a positive number. |
| Posted by: Glenmore 2018-02-28 00:27 |