Americans made more money in every major metro area in 2018

Always nice to see the public union lie narratives on income and wealth inequality, that have been SO productive for the Left at the polls LOL, being spewed with aplomb yet again by the usual suspects.

To the topic, I like consumer confidence high, but not this high. We are approaching contrarian time in the markets, and foresee a significant correction sometime in 2020. Despite the brainless public union garbage that will be parroted out by shills everywhere when that correction comes, this will be much needed and healthy for the continuing bull market.

 

The country is doing better than in 2008 but you can't expect it to be all bad.

 

‘Cos I can, and it’s the most important one - my bank’ balances. It has improved significantly.

True story.

 

Of course.

 

Sorry but that isn’t what I said. And f eel. Free to post your data on wage increases inflation corrected. And of course the jobs numbers are not an illusion. Just not quite as good under Trump.

 

yep. Going from $100 to $150 shows a fifty percent increase.

 

Yes, I do know that.
Automation...
But a lot of people think the Chinese stole all those jobs.

 

LOL, wages increased faster for the lower incomes than it did for the higher incomes and unemployment is at an historic low. Simply facts you can look up.

 

Yet...

The ISM Manufacturing PMI in the US fell to 47.2 in December, the lowest since June 2009, from 48.1 in November and well below market expectations of 49. The reading pointed to the fifth straight month of decline in manufacturing activity as new orders, production, employment and new export orders shrank at faster pace and price pressures increased. Global trade remains the most significant cross-industry issue, but there are signs that several industry sectors will improve as a result of the phase-one trade agreement between the U.S. and China, according to Timothy Fiore, Chair of the ISM. Business Confidence in the United States averaged 52.90 points from 1948 until 2019, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. source: Institute for Supply Management



https://tradingeconomics.com/united-states/business-confidence

 

Your post makes no sense. English much?

 

First, you made up I implied it.
I simply said the foundation was very very strong for the current economy.
If you tied it to obama, that is on you.

I never said anything about any gloom and doom. WTF do you think I care what politicians say? Especially if a campaign is involved.

You claimed it was not messed up so a pro could build on it.
Which pro do you refer to?

 

Something like that

 

You say the president doesn't have much influence on the economy in this thread. What about this statement?

Or this one?

Were you wrong then or are you wrong now about a president's influence on the economy? It seems that you make your arguments based on the convenience of the argument of the moment.

 

How about the salary ceiling, did it increase?, I think most capitalist did earn but how about the labor side and the average earning American?

 

LoL nice try.

 

When do his tax cuts expire for the regular people? Cause that is all you are seeing at the moment.

Why do the rich get a pass?

 

How are the rich getting a pass that nobody else is? The rich pay most of the taxes.It's been that way for decades.


Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016
Richest 1,409 taxpayers pay more income tax than bottom 70Mln
https://www.bloomberg.com/news/arti...xpayers-paid-majority-of-income-taxes-in-2016

The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent
"The top 1 percent of taxpayers pay more in federal income taxes than the bottom 90 percent. As you can see in the chart below, this is a stark change from the 1980s and early 1990s. But since the early 1980s, the share of taxes paid by the bottom 90 percent has steadily declined.


In 1980, the bottom 90 percent of taxpayers paid 50.72 percent of income taxes. In 2011 (the most recent year the data is available), the bottom 90 percent paid 31.74 percent of taxes. On the flip side, the top 1 percent paid 19.05 percent of taxes in 1980 and now pay 35.06 percent of taxes."
https://taxfoundation.org/top-1-percent-pays-more-taxes-bottom-90-percent

Biden Misleads on Top 1% Tax Rate
"But, as we said, the top 1% on average pays a higher effective federal tax rate than middle-income earners.


According to an analysis by the nonpartisan Tax Policy Center, the top 1% — those making over $783,300 ($2.4 million on average) — will pay about an average federal tax rate of 30.2% in 2019. That’s a higher rate than any other income category below it.


Biden did not specify what income group he was talking about. He said only that the top 1% pay a lower rate “than you do” before listing several middle-income jobs — “a teacher, a firefighter, a cop.”


But those in the middle 20% of earners — with an expanded cash income of $50,001 to $87,300 — will pay an average federal tax rate of 12.4%, according to the Tax Policy Center analysis. That’s less than half the effective tax rate paid by the top 1%."
https://www.factcheck.org/2019/08/biden-misleads-on-top-1-tax-rate/

 

Their cuts dont expire...As well they should pay the most, they also get the most in individual handouts.

 

So? Those cuts have only been in place for a couple of years. They have nothing to do with my post that you didn't read. The rich have paid most of the taxes for decades.

 

Heh..so?
So, our cuts expire, and they get to keep theirs and that's fair to you?

 

They have also been double dipping for decades.

 

Huh?

 

"How to eliminate corporate welfare"

"Corporate welfare programs are not about economic growth. Economic growth happens when people put resources to better uses to satisfy their wants and needs through mutually beneficial choices. Even if corporate welfare had no taxpayer costs, it moves businesses away from their best mutually beneficial private arrangements. On top of that, it’s even more ineffective since it spends taxpayer dollars that could be better used elsewhere."

https://thehill.com/opinion/finance/438234-how-to-eliminate-corporate-welfare

That's the first thing that popped up in google.

Don't get me started with the banking, insurance, and food industry crooks.

 

It isn't fair and that is why the Democrats need to help make the cuts permanent but they have done done everything they can to stop making them permanent. Why does the left refuse to work with the right to make the tax cut permanent?

GOP Seeks To Make Tax Cuts Permanent, While Dems Seek To Repeal Tax Cuts, Raise Taxes
"President Trump and Congressional Republicans are proposing new legislation this year to make all tax reform tax cuts permanent. That includes the tax rate cuts for the middle class and working people, which had to be phased out after 8 years in the tax reform bill to fit into the arbitrary budget window, because not a single Democrat would vote for the tax cuts to break a Senate filibuster."
https://www.investors.com/politics/...ile-dems-seek-to-repeal-tax-cuts-raise-taxes/

GOP senators: Dems can help us make individual tax cuts permanent
https://www.washingtontimes.com/news/2017/nov/15/gop-dems-help-make-individual-tax-cuts-permanent/

Ted Cruz: Because of the Dems’ Filibuster, the Tax Cuts Are Not Permanent
https://grabien.com/story.php?id=141681

 

You jumped from bitching about the rich not paying taxes, which is a losing argument, to whining about corporations. Apples and oranges. Your basket is just full of red herrings. My guess is you just want to bitch and aren't really interested in the truth.