The Dow just crossed 27,000! Unemployment rate is at 13.Something-unlike the

[Freddie.B.Cocky]

20% projection by all the experts.

Trump said the economy rebound would be a "V" not a "U" while all the so called experts said it would be a deep recession or even a depression- all of the so called experts. Trump knows the economy.

 

[Freddie.B.Cocky]

Doesn't anyone want to discuss the economy?

No one can argue the fact, given the circumstances- the pandemic, that President Trump didn't do a fantastic job with the economy.

 

[Rollerdude123]

20% projection by all the experts.

Trump said the economy rebound would be a "V" not a "U" while all the so called experts said it would be a deep recession or even a depression- all of the so called experts. Trump knows the economy.

I think I will wait and see what happens and not go crazy over data from one month. Time will tell.

especially since I just got off the phone with a customer of mine who laid off 56 people this week.

 

[JohnnySolo]

I have no clue what to expect anymore. It was odd seeing the performance of the market when business were closing and the UE rate was sky high. I couldn't idly sit by so I jumped back in and have continued to increase my investments. Very odd indeed. I feel there will still be a globally induced recession. Just need to keep looking for the signs to sell.

 

[jeff2001]

I think I will wait and see what happens and not go crazy over data from one month. Time will tell.

especially since I just got off the phone with a customer of mine who laid off 56 people this week.

I agree, it seems to be a very good month.

 

[psmith5532]

I am very encouraged by the numbers but I will also see what happens over the next couple of months. Past 2 months my business is down around 30% but I expected to be around 50% down. These numbers do indicate that we may be back to normal sooner rather then later.

 

[Tyrannosaurus cox]

The Dow Jones Industrial Average includes only 30 large cap companies.
And if they underperform, they are replaced.
Who is in it now? Click the link: https://markets.businessinsider.com/index/components/dow_jones

In theory, every small business in America could close, and be cannibalized by huge corporations, yet the DJIA could hit record highs as the entire lower and middle classes filed for unemployment.

I am enjoying the gains, but this is why John McCain talked about Wall Street vs. Main Street in 2008. We need actual Republicans with substance and grace like he had.

To say the least, there is a whole lot more to being President than being an economic cheerleader.

Have a good day.

20% projection by all the experts.

Trump said the economy rebound would be a "V" not a "U" while all the so called experts said it would be a deep recession or even a depression- all of the so called experts. Trump knows the economy.

 

[Freddie.B.Cocky]

The Dow Jones Industrial Average includes only 30 large cap companies.
And if they underperform, they are replaced.
Who is in it now? Click the link: https://markets.businessinsider.com/index/components/dow_jones

In theory, every small business in America could close, and be cannibalized by huge corporations, yet the DJIA could hit record highs as the entire lower and middle classes filed for unemployment.

I am enjoying the gains, but this is why John McCain talked about Wall Street vs. Main Street in 2008. We need actual Republicans with substance and grace like he had.

To say the least, there is a whole lot more to being President than being an economic cheerleader.

Have a good day.

Well, right now President Trump is the only person in either party that can lead us out of the economic disparity that we are currently in as a country. Joe Biden nor any Democrat alive today can do what President Trump has done with the economy. When the DOW fell to 19,000 and now is back up to 27,000 you dems can't say that was done by Obama. It was done by President Trump. He predicted the economy would do a "V" while many of the experts said it would do a "U" and many said it would do an "L" and many on the left were hoping it would do an "L".

 

[Freddie.B.Cocky]

I think I will wait and see what happens and not go crazy over data from one month. Time will tell.

especially since I just got off the phone with a customer of mine who laid off 56 people this week.

Sorry, your customer laid off 56 employees but there were over 2,000,000 jobs were added to the economy in May.

 

[cockofdawn]

Jobs everywhere, unfortunately many cant fill positions right now, easier to live of Entitlements.. We can not even get people to work..

 

[psmith5532]

Sorry, your customer laid off 56 employees were over 2,000,000 jobs were added to the economy in May.

About 1.4 million came from restaurants/Hospitality which was sorely needed. The Government and Oil Industry continues to take a beating.

 

[Freddie.B.Cocky]

Jobs everywhere, unfortunately many cant fill positions right now, easier to live of Entitlements.. We can not even get people to work..

That scares me a little. Come election time a lot of people may turn socialist and vote for Joe because it's more fun to stay home.

 

[Freddie.B.Cocky]

About 1.4 million came from restaurants/Hospitality which was sorely needed. The Government and Oil Industry continues to take a beating.

Well, at least it's jobs and the Oil Industry is going to do better due to the leadership of President Trump.

 

[psmith5532]

That scares me a little. Come election time a lot of people may turn socialist and vote for Joe because it's more fun to stay home.

That won't last forever. Because I received the PPP program some of my employees were a little ticked they couldn't go on unemployment. I did give them the option but wouldn't guarantee their would still be here. They quickly changes there mind. I still don't understand the extra $600 for unemployment benefits...it sure cause problems.

 

[psmith5532]

Well, at least it's jobs and the Oil Industry is going to do better due to the leadership of President Trump.

If they can last...I have a couple of clients who are in the oil industry and I may not hear from them again.

 

[Tyrannosaurus cox]

I had lunch with an economist in February who told me that stocks would crash by 1/3 and then experience a V-shaped return. This is not rocket science and Trump is not a genius. Remember: he is surrounded by the best economists and can call up any world leader for advice. But Trump filed for bankruptcy 4 times before taking office.

You are putting words in my mouth about Obama. He's been gone for 3+ years! Now that YOU brought him up, I'll say that irrespective of the amount of credit you are willing to give him for it, Obama was the boss when we rebuilt and recovered from the worst recession since the Great Depression. We had actual, major fundamental issues then, not just fear of a virus for a few months.

Maybe you do this, but it is always great to spend some time looking at macroscale trends. The economy has been excellent under most recent Presidents. Even though it was destroyed during W Bush, that wasn't entirely his fault and it was a long time coming after Clinton's 1990s .com boom and record high valuations which made no sense. I'm just a moderate who tries to see the big picture. We exist.

We have to stop looking at everything as binary. The New Deal was straight socialism and it created a huge number of jobs and we desperately needed it then. Capitalism created a huge number of jobs too. Great! They both have their place in American history.

I love America and hope that we will always be a prosperous nation. We are facing a new challenge of massive national debt and I hope that the next Presidents will take extremely wise actions to overcome it.

I'm out. Have a good day and Go Gamecocks whenever we see them next.

Well, right now President Trump is the only person in either party that can lead us out of the economic disparity that we are currently in as a country. Joe Biden nor any Democrat alive today can do what President Trump has done with the economy. When the DOW fell to 19,000 and now is back up to 27,000 you dems can say that was done by Obama. It was done by President Trump. He predicted the economy would do a "V" while many of the experts said it would do a "U" and many said it would do an "L" and many on the left were hoping it would do an "L".

 

[Freddie.B.Cocky]

I had lunch with an economist in February who told me that stocks would crash by 1/3 and then experience a V-shaped return. This is not rocket science and Trump is not a genius. Remember: he is surrounded by the best economists and can call up any world leader for advice. But Trump filed for bankruptcy 4 times before taking office.

You are putting words in my mouth about Obama. He's been gone for 3+ years! Now that YOU brought him up, I'll say that irrespective of the amount of credit you are willing to give him for it, Obama was the boss when we rebuilt and recovered from the worst recession since the Great Depression. We had actual, major fundamental issues then, not just fear of a virus for a few months.

Maybe you do this, but it is always great to spend some time looking at macroscale trends. The economy has been excellent under most recent Presidents. Even though it was destroyed during W Bush, that wasn't entirely his fault and it was a long time coming after Clinton's 1990s .com boom and record high valuations which made no sense. I'm just a moderate who tries to see the big picture. We exist.

We have to stop looking at everything as binary. The New Deal was straight socialism and it created a huge number of jobs and we desperately needed it then. Capitalism created a huge number of jobs too. Great! They both have their place in American history.

I love America and hope that we will always be a prosperous nation. We are facing a new challenge of massive national debt and I hope that the next Presidents will take extremely wise actions to overcome it.

I'm out. Have a good day and Go Gamecocks whenever we see them next.

What I am saying is that the economy started a downward spiral when the pandemic hit. The Dow bottomed out at 19,000, President Trump has brought it back up to 27,000 in just a few months. Nobody can take credit for that except President Trump and I don't believe for one second there is a Democrat that could have done what Trump has done to raise the Dow almost back to it's level before the pandemic hit.

 

[Tyrannosaurus cox]

What specific policy did Trump propose or enact that saved us after the Covid crash? If you know any, how are they unique to Donald?

He essentially injected the economy with money from the national debt, which conservatives are supposedly horrified by. We will see if things continue to improve. Either way, our credit card is maxed out and that's scary.

He also slashed the interest rates to practically nothing.

So the next Presidents will face an uphill battle because now there is no more room to expand the debt or to decrease interest rates further to zero or negative (as in Europe). There is not much room to cut taxes either.

Guess what else? This stock market rally is due in large part to the fact that savings accounts now pay nothing. People are forced to buy dividend-paying stocks rather than lose $ vs. inflation by saving $ in an account that pays < 2%.

Remember 2008? People (including my younger self) were mad at Bush AND Obama for their massive stimulus bills which channeled taxpayer funds to corporations. They "worked" though, I guess.

So the last 3 Presidents were "conservative," "liberal," and "conservative," yet all 3 signed off on massive injections of $ into the economy. None of them acted in a fiscally conservative way at all. Amazingly enough, the last President to balance the budget was Clinton.

Thanks for your replies. I really am gone this time.

What I am saying is that the economy started a downward spiral when the pandemic hit. The Dow bottomed out at 19,000, President Trump has brought it back up to 27,000 in just a few months. Nobody can take credit for that except President Trump and I don't believe for one second there is a Democrat that could have done what Trump has done to raise the Dow almost back to it's level before the pandemic hit.

 

[tjdisbrow]

Only thing I know is republicans want a thriving economy and dems want a failing one

 

[jerryusc]

Only thing I know is republicans want a thriving economy and dems want a failing one

Yep, dems nation wide are on suicide watch with this great economic news. Dems/libs tried to destroy our economy just to gain political power. It doesn't matter to them who gets hurt altho they portray themselves as compassionate and caring.
They couldn't care less about the economy under Trump.

Can't believe that Pedo the hair sniffing and fondler of little girls has the support he does. The fact that he does tells us all we need to know about his supporters.

 

[USC75Grad]

20% projection by all the experts.

Trump said the economy rebound would be a "V" not a "U" while all the so called experts said it would be a deep recession or even a depression- all of the so called experts. Trump knows the economy.

Yep. Trump is a businessman. The first one as President.

 

[USC75Grad]

Only thing I know is republicans want a thriving economy and dems want a failing one

Dems/Liberals are socialists. They depend on the government for everything.

 

[chucktowncock]

What specific policy did Trump propose or enact that saved us after the Covid crash? If you know any, how are they unique to Donald?

He essentially injected the economy with money from the national debt, which conservatives are supposedly horrified by. We will see if things continue to improve. Either way, our credit card is maxed out and that's scary.

He also slashed the interest rates to practically nothing.

So the next Presidents will face an uphill battle because now there is no more room to expand the debt or to decrease interest rates further to zero or negative (as in Europe). There is not much room to cut taxes either.

Guess what else? This stock market rally is due in large part to the fact that savings accounts now pay nothing. People are forced to buy dividend-paying stocks rather than lose $ vs. inflation by saving $ in an account that pays < 2%.

Remember 2008? People (including my younger self) were mad at Bush AND Obama for their massive stimulus bills which channeled taxpayer funds to corporations. They "worked" though, I guess.

So the last 3 Presidents were "conservative," "liberal," and "conservative," yet all 3 signed off on massive injections of $ into the economy. None of them acted in a fiscally conservative way at all. Amazingly enough, the last President to balance the budget was Clinton.

Thanks for your replies. I really am gone this time.

Where should we start?

Some global economies now have negative interest rates.

The House of Representatives is responsible for appropriations.

The Federal Reserve manipulates interest rates, liquidity, etc.

It is better to remain silent and be thought a fool than to speak and remove all doubt.

Good luck with your "maxed out" credit card; we're all pulling for you.

Go Cocks!

 

[Tyrannosaurus cox]

What i am saying is that all of these actions are what is propping up our economy, not the President, Raca!

And our national debt "credit card" is maxed out, you absolute phuggin wanker!

Where should we start?

Some global economies now have negative interest rates.

The House of Representatives is responsible for appropriations.

The Federal Reserve manipulates interest rates, liquidity, etc.

It is better to remain silent and be thought a fool than to speak and remove all doubt.

Good luck with your "maxed out" credit card; we're all pulling for you.

Go Cocks!

 

[johnc17]

You're confused because you dont understand that wall street performance is no longer indicative of main street health. In fact, it's becoming quite intellectually dishonest to claim that the US economy is in good standing based off of the DOW. Currency manipulation from the FED has caused this separation as dollars no longer have any real value other than being 0000000's on a screen which is exactly what you're seeing on the Bloomberg ticker. Boy when average Joe and Jane American finally "gets it" regarding their money this shit will go up in smoke so fast your head will spin.

 

[johnc17]

Well, right now President Trump is the only person in either party that can lead us out of the economic disparity that we are currently in as a country. Joe Biden nor any Democrat alive today can do what President Trump has done with the economy. When the DOW fell to 19,000 and now is back up to 27,000 you dems can't say that was done by Obama. It was done by President Trump. He predicted the economy would do a "V" while many of the experts said it would do a "U" and many said it would do an "L" and many on the left were hoping it would do an "L".

I'm sorry but the only thing that can lead us from economic disparity is the drive and ingenuity of the free market itself. This whole idea that government has a responsibility to continually grease the gears of economic activity is dangerous and gives us these booms and busts. Donald Trump and all of his federal economic advisers along with the fed reserve itself are not smart enough to plan the US economy, it's up to us as producers and consumers in trade to do that.

Anything else is just pure laziness in wanting someone else to "handle it".

 

[jerryusc]

@johnc17 Hates prosperity. Everyone's IRA is increasing because of Trump and he is in a corner sucking his thumb. Biden wasn't gonna win anyway even if stock market sunk to 10,000.

John and his ilk were hoping and praying for 1929 Part Two.

 

[Rollerdude123]

What specific policy did Trump propose or enact that saved us after the Covid crash? If you know any, how are they unique to Donald?

He essentially injected the economy with money from the national debt, which conservatives are supposedly horrified by.
.

I’m still waiting to hear the answer to your great question about what Trump policy was enacted since the COVID crash?

I can’t think of one.

the rebound so far is 100% based on the nature of a sudden global health pandemic and millions of businesses getting back up to speed. Some of it can be chalked up to massive input (Spending) by the federal reserve and government (which republicans absolutely detested when Obama was president but like it now - hypocrites).

I’m certainly not crediting the stinking federal government for a rebound Is that what conservatives do now? Credit a president or federal government policy?

Wow, If so conservatism has drastically changed I guess.

 

[Steves Visor]

Real unemployed is at 21%

DOL admitted that workers were misclassified ( since they self -identified incorrectly) which means unemployment is really at 16% which is a point up

ADP jobs report (which is more accurate than DOL) shows 2.7 million jobs lost

It seems PPP is working. So yea! for both parties since it was a bipartisan bill.

All of the above (except real unemployment) is actually good news. Jobs losses have slowed and dramatically beat expectations. June should see an actual positive up tick.

Hate spoil your Trump pep rally. Just stick to the facts and you’ll be able to craft a better argument.

 

[johnc17]

@johnc17 Hates prosperity. Everyone's IRA is increasing because of Trump and he is in a corner sucking his thumb. Biden wasn't gonna win anyway even if stock market sunk to 10,000.

John and his ilk were hoping and praying for 1929 Part Two.

If your idea of a nation's prosperity boils down to how well your IRA account is performing then you need to have your lithium adjusted, Jerry. The growth is fake. Overinflated. My point is main street isn't seeing it. Small business is burning which is the true economic engine in this country. This is neither a left wing or right wing thing. Your Keynsian theory is imploding before our very eyes and it seems like a lot of folks here agree with me.

Just the fact you're trying to paint me as a liberal just shows how off your meds are Jerry. It's obvious that you are benefitting personally from the luke warm, wet noodle, conservative-lite policies that have spanned the last 3 presidents. Actually you can thank the federal reserve for keeping the cash injections coming to prop up your silly investments. I dont expect much from Keynsians though, you sure do love your monopoly notes!

 

[GandBinNC]

Real unemployed is at 21%

DOL admitted that workers were misclassified ( since they self -identified incorrectly) which means unemployment is really at 16% which is a point up

ADP jobs report (which is more accurate than DOL) shows 2.7 million jobs lost

It seems PPP is working. So yea! for both parties since it was a bipartisan bill.

All of the above (except real unemployment) is actually good news. Jobs losses have slowed and dramatically beat expectations. June should see an actual positive up tick.

Hate spoil your Trump pep rally. Just stick to the facts and you’ll be able to craft a better argument.

Even taking the government's numbers at face value, did you ever think you would see an American president spike the football over 13.3% unemployment? Amazing.

 

[BobbyFoosball]

That won't last forever. Because I received the PPP program some of my employees were a little ticked they couldn't go on unemployment. I did give them the option but wouldn't guarantee their would still be here. They quickly changes there mind. I still don't understand the extra $600 for unemployment benefits...it sure cause problems.

You can blame the Democrats for that nugget. Lindsey Graham brought it up and tried to stop it, but the Democrats and their leftist news channels railed on him, claiming he was hurt people that were suffering.

Here's a leftist source so you might actually believe it.

https://www.vox.com/2020/3/25/21194278/lindsey-graham-coronavirus-stimulus

 

[BobbyFoosball]

Even taking the government's numbers at face value, did you ever think you would see an American president spike the football over 13.3% unemployment? Amazing.

He wasn't "spiking the football" over 13.3% unemployment. He was cheering the fact that lots of people didn't lose their jobs and a lot of people went back to work.

But you Democrats keep pulling against America and see where that gets you.

 

[Rollerdude123]

Even taking the government's numbers at face value, did you ever think you would see an American president spike the football over 13.3% unemployment? Amazing.

Well, a terrible Unemployment rate is the best news Trump has had recently with all his idiot moves.

 

[Rollerdude123]

New poll finds President Donald Trump losing Catholic support amid George Floyd protests
https://www.catholicnewsagency.com/...olic-support-amid-george-floyd-protests-25261

George Floyd protests created a surge in voter registrations, groups say
https://www.cnbc.com/2020/06/05/geo...-surge-in-voter-registrations-groups-say.html

Trump's low marks on race

On Trump's handling of Floyd's death and the ensuing protests

• 
  
  • Emerson College – Approve 36%, disapprove 47% and 17% neutral/no opinion
  • Reuters/Ipsos – Approve 33%, disapprove 55%

On Trump's handling of race relations in general:

CBS News – Approve 33%, disapprove 58%

Faith in Trump's ability to handle race relations:

Monmouth University – Some or a great deal, 40%. Not much or none at all, 60%

https://www.usatoday.com/story/news...-disapproved-americans-polls-find/3142639001/

 

[psmith5532]

You can blame the Democrats for that nugget. Lindsey Graham brought it up and tried to stop it, but the Democrats and their leftist news channels railed on him, claiming he was hurt people that were suffering.

Here's a leftist source so you might actually believe it.

https://www.vox.com/2020/3/25/21194278/lindsey-graham-coronavirus-stimulus

I listened to Graham about that...he said it would pass over he’s dead body. Will apparently he and Tim Scott caved in to crazy ass Pelosi. Just didn’t make sense

 

[jerryusc]

If your idea of a nation's prosperity boils down to how well your IRA account is performing then you need to have your lithium adjusted, Jerry. The growth is fake. Overinflated. My point is main street isn't seeing it. Small business is burning which is the true economic engine in this country. This is neither a left wing or right wing thing. Your Keynsian theory is imploding before our very eyes and it seems like a lot of folks here agree with me.

Just the fact you're trying to paint me as a liberal just shows how off your meds are Jerry. It's obvious that you are benefitting personally from the luke warm, wet noodle, conservative-lite policies that have spanned the last 3 presidents. Actually you can thank the federal reserve for keeping the cash injections coming to prop up your silly investments. I dont expect much from Keynsians though, you sure do love your monopoly notes!

OK. You say you are being unfairly portrayed as a lib but you get your points from the communist manifesto. You are in love with Hillary/hair sniffer Biden. Take some prozac and a muscle relaxer.

 

[johnc17]

OK. You say you are being unfairly portrayed as a lib but you get your points from the communist manifesto. You are in love with Hillary/hair sniffer Biden. Take some prozac and a muscle relaxer.

Literally nothing I said points to liberal ideology. Besides, I dont give a shit how you portray me. You seem angry Jerry, seek help.

 

[BobbyFoosball]

I listened to Graham about that...he said it would pass over he’s dead body. Will apparently he and Tim Scott caved in to crazy ass Pelosi. Just didn’t make sense

No. Those statements were for the renewal of the $600, not the original bill.

With the first bill, the Senate voted to amend the House bill and remove and reduce the $600 because it would incentivize people not to work. The amendment failed 48-48. Graham and Scott both voted against it. Democrats were all over the commie news networks claiming that Republicans didn't want to help people and were killing people every day they delayed. The media fully supported and pushed that narrative. That was March 25th.

So, when it came to voting for the entire bill to pass, the choice was to vote for the Democrat stupidity or watch the economy collapse. What would you have expected them to do in that critical moment?

 

[Expro19]

Even taking the government's numbers at face value, did you ever think you would see an American president spike the football over 13.3% unemployment? Amazing.

When the media says it's going to be 20 and a lengthy recession, yes he can spike the football. .. Any president would.