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Saturday, June 23, 2018

IMAGE: An electoral poster of Donald Trump is displayed on the floor of the New York Stock Exchange (NYSE) the morning after the U.S. presidential election in New York City, U.S., November 9, 2016. REUTERS/Brendan McDermid

26 Responses to Will Wage Growth Be Trump’s Great White Whale?

  1. All these articles could be replaced with the words “Trump doesn’t care about the morons who elected him”.

      • Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj192d:
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  2. Trump taking credit for what others have already set in motion and/or accomplished is old hat by now. Since Trump has never been able to, nor ever will it seems, look in the mirror and say to himself that he needs to shoulder blame,will be the normal expectation, and any deviation from that pattern of his would send a ripple through the space-time fabric.
    It still boggles the mind how many Americans are blind to his perception that the world revolves around Donald, and those not in possession of wealth and influence are of no consequence.

  3. Trump taking credit for what others have already set in motion and/or accomplished is old hat by now. Since Trump has never been able to, nor ever will it seems, look in the mirror and say to himself that he needs to shoulder blame, should be the normal expectation.

    It still boggles the mind how many Americans are blind to his perception that the world revolves around Donald, and those not in possession of wealth and influence are of no consequence. This should be as clear as the noon-day sun on a clear day.

    • It appears that there may be one honest person in Trump’s team – his financial advisor. However, given that the White House has been sending out tweets claiming credit for the 235,000 jobs created in February, I’m not sure Pence and the rest of Trump’s staff is going to like it:

      Trump’s economic adviser says Trump had nothing to do with Friday’s strong jobs report

      According to Gary Cohn, the head of Trump’s National EconomicCouncil, there’s no reason to credit Trump for the strong report.

      During an interview with CNBC, Cohn said the report was “right exactly where it needed to be,” but he also said that Trump’s team wasn’t the reason for the beat. For one thing, Cohn said, the jobs that were promised by CEOs who have met with Trump haven’t been created yet. “Look, there’s clearly a good February as part of the number. I’m not going to deny that,” Cohn said. “But on the other hand, whenyou look at what we’ve been doing here at the White House and all of the CEOs that we’ve brought in — whether it be Exxon or Sprint or Intel — they’ve promised enormous amounts of jobs and job creation in the United States. Those hirings have not been doneyet. Those are future hirings.”

      Thus the beat in the February report, according to Cohn, is on the back of the recovery from the past eight years under President Barack Obama.

      “So we’re still living on the hirings from the normalized economic growth that’s built into the system here,” Cohn told CNBC. “So when you look at what’s ahead of us and what’s built into the system, we have a huge backlog of hiring that we already know about in the normal run rate of the economy, so we’re very excited about what’s ahead of us.”

      http://www.businessinsider.com/gary-cohn-economic-advisor-trump-jobs-report-credit-2017-3

        • If Cohn is really a good economic advisor, I have to wonder why he isn’t more aware of all the downsides of what Trump and the GOP are doing with trashing Americans’ social benefits and deporting millions of illegals will have on the economy; and letting Trump know about the negative impacts that his current misguided agenda will have on the creation of all those jobs Cohn talked about the White House negotiating with Exxon, Sprint, Intel and others.

          It’s going to be hard for those companies Cohn mentioned to create all those jobs they’ve created on paper when demands for their products start to falter as millions of middle and lower class Americans start to wake up and realize the screwing they’ll be getting from what Trump and Paul Ryan and company are in the process of doing to them.

          • …and when there are no qualified candidates to fill the high tech jobs that companies like Intel may created because of deportations, bans, and anti-immigrant sentiments in the USA.

    • Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj264d:
      On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
      !mj264d:
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  4. I grew up in a strong union family during the time when private sector unions brought millions like my family into the so-called middle class. Most of my adult life since the 60’s I watched the percentage of union households drop each and every decade. Is it a surprise that families with one wage earner have become far and few between? Not to mention the gradual decline of workers with a pension plan and all the rest.

  5. Should we assume that since Trump is taking credit for the 235K jobs created in February, which is consistent with the numbers of the last two February’s, he is also going to take credit for ALCOA laying off thousands of employees, and companies like Radio Shack, Macy’s, and several chain restaurants closing many of their stores? Just wondering…
    BTW, didn’t the far right posters in this forum, and others, claim that the 4.7% unemployment rate was bogus? Why did it suddenly become legit and evidence of very – VERY – wonderful economic policies?

  6. “In his weekly address late Friday morning, Trump blamed Obama for bringing Americans “higher costs,” adding, “Americans have called out for relief, and relief is what we are determined to give them.””
    By “Americans” he means the top 5%. He is providing them relief by lowering their taxes on Capital Gains yet again. Paying for it with Health Care dollars of the poor and middle class. The biggest scam is claiming that because the Dow is rising, the economy is doing well. This has been one of the biggest myths and false guides of the last 30 years. Wall Street profits go up when labor goes down in manufacturing and services. Layoff thousands and replace them with robotics or ship them overseas and the stock soars. The rich just made a fortune without creating ANYTHING. Then they want a tax break on their gains because, well, they need relief, don’t cha know. Wall Street profits do NOT indicate a healthy economy.

    • Republicans called the rise of the DOW index, from 6,500 to 18,500 an irrelevant indicator of economic strength. Now that it went from 18,500 to 21,000 it is evidence of the effectiveness of Trump’s economic and fiscal policies!

    • The part that Ryan, Trump, and the rest of the gang is not mentioning is that most of the people benefiting from the ACA in 2017 are receiving an average of $386 a month in premium subsidies. Those subsidies will disappear if the proposed GOP plan is implemented, and will be replaced with tax credits that help the wealthy.

  7. I agree, I also don’t know which Americans Trump and the news media are talking about. George and Uncle Herman used to own shares of AT&T and some publicly traded companies in the 60s and 70s. Those shares somehow have evaporated through stock split and merges and acquisition. Their dividend income has declined by almost 900%. The rise of the DOW index has not improved their dividend income at all. So who is benefiting from all this hoopla?

  8. why cant any and everyone see what’s right in front of them ?

    do the BRAIN DEAD Donny dump FOLLOWERS see this and do thy know what the DUMPSTER IS DOING ? more likely not for brains too dead >>Trump lied THREE TIMES in this single Tweet alone:
    LIE: “Obamacare is imploding.”
    FACT: Obamacare has allowed 20 million Americans to gain health insurance — a historic achievement in the fight for universal coverage.[1]
    LIE: “2017 will be the worst year yet.”
    FACT: Enrollment for Obamacare in 2017 was 9.2 million, and is projected to jump to 13 million in the next 10 years.[2]
    LIE: “Republicans will come together and save the day.”
    FACT: This is LAUGHABLE! The Republican healthcare plan is such a mess that even Republicans are denouncing it.

    This disaster healthcare plan — or Trumpcare — will strip health care from millions and directly result in the death of 43,000 people every year.[3]

    We can’t let Trump’s LIES about Obamacare unravel this life-saving legislation.

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