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The Trump Economy


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4 minutes ago, Archy1221 said:

Context might matter a bit here. 

what context?   the so called democratic hoax?   if trump had taken the pandemic seriously he could have saved the economy...but instead he belittled it and conjoled his followers to ignore doctors advice.    trump has a pretty good share of the blame for the pandemic results IMO

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 i don't ever want to see someone tout the great economy because the stock market is soaring while millions and millions of americans are out or work.     it is the wrong measure to use IMO.  with so many hurting we can't continue to pump that sunshine.

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31 minutes ago, Archy1221 said:

Context might matter a bit here. 

Of course, but maybe you should be saying that when Trump has verbal diarrhea about how great "his" economy is.

 

28 minutes ago, DevoHusker said:

2017-No Pandemic

 

2021-Pandemic

Gosh, if only the richest country in the world could have done something to prevent job loss. I guess only all those other countries were capable of it, too bad for us.

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6 minutes ago, RedDenver said:

Of course, but maybe you should be saying that when Trump has verbal diarrhea about how great "his" economy is.

 

Gosh, if only the richest country in the world could have done something to prevent job loss. I guess only all those other countries were capable of it, too bad for us.

Economy isn’t in great shape, but starting to recover.  
 

care to share the unemployment and GDP numbers for other western industrialized countries?   

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1 minute ago, Archy1221 said:

Economy isn’t in great shape, but starting to recover.  
 

care to share the unemployment and GDP numbers for other western industrialized countries?   

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/december2020#:~:text=The UK unemployment rate%2C in,higher than the previous quarter.

Quote

The UK unemployment rate, in the three months to October 2020, was estimated at 4.9%, 1.2 percentage points higher than a year earlier and 0.7 percentage points higher than the previous quarter.

 

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2 minutes ago, Archy1221 said:

And what would our economy be if NY and CA opened up like FL?  Just those two states.

All 3 of those states had bad unemployment numbers. California and NY had really bad unemployment rates of 8.2% and 8.4%, respectively. But even Florida was at 6.4% compared to the 6.7% national unemployment rate, so even if we use FL's numbers the unemployment rate goes from 6.7% to 6.4%.

 

2 minutes ago, Archy1221 said:

Does the UK have the same lockdowns as those two states? 

Yes, the UK had lockdowns including two national lockdowns. The UK government subsidized worker incomes to allow for lockdowns and reduced commerce due to the pandemic. So people could keep getting their income and businesses could shutdown without going out of business. Canada, Spain, France, etc. all found ways to support their workers while we argued over a one-time payment of $600 vs $2000.

 

 

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1 hour ago, RedDenver said:

Of course, but maybe you should be saying that when Trump has verbal diarrhea about how great "his" economy is.

 

Gosh, if only the richest country in the world could have done something to prevent job loss. I guess only all those other countries were capable of it, too bad for us.

I understand that. But for someone to make that tweet, that person is trying hard to be disingenuous for the sake of getting "thumbs ups"

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4 hours ago, RedDenver said:

The most recent unemployment rate - for August to October - was 4.9% , according to the Office for National Statistics (ONS). 

That is an increase of 0.7% over the previous three months, and means that 1.69 million people were unemployed.

However, this number is always based on surveys taken in previous months and is not completely up to date. Some of the data was gathered in August when infection rates were low, and large parts of the economy had reopened.


 

How high could unemployment go?

Most economists expect unemployment to continue rising for the rest of the year.

UK unemployment is likely to reach 2.6 million in the middle of 2021, according to the government's economic watchdog. That is 7.5% of the working age population.

 

How many people are claiming out-of-work benefits?

The start of the pandemic saw a big increase in the number of people claiming out-of-work benefits, which was much bigger than the rise in the number of people counted as unemployed. 

In November 2020 the number of people claiming either Jobseeker's Allowance or universal credit because they were "searching for work" was 2.7 million, 1.4 million higher than March, before the pandemic began to take effect.

 

edit....forgot to post the source

https://www.bbc.com/news/business-52660591

Edited by Archy1221
Forgot to post the source of data
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1 hour ago, Born N Bled Red said:

You know who really benefitted from the Trump economy? Archy1221 and Notre Dame Joe. Heard they were rolling in that Bama money after how they sold out Notre Dame! Look into it.

 

You should probably stop posting this in every single topic. Kind of annoying. I thought they might be the same poster for awhile but I don't think that's the case now.

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On 1/8/2021 at 8:00 PM, Born N Bled Red said:

You know who really benefitted from the Trump economy? Archy1221 and Notre Dame Joe. Heard they were rolling in that Bama money after how they sold out Notre Dame! Look into it.

Maybe save this satire for when either of them posts ridiculous takes on rumors and innuendo.

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