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Job numbers revised down bigly. Tax cuts didn’t really boost hiring

GDSGDS Member Posts: 1,470
in Tug Tavern
https://www.marketwatch.com/story/us-created-500000-fewer-jobs-since-2018-than-previously-reported-new-figures-show-2019-08-21


The newly revised figures indicate the economy didn’t get a huge boost last year from President Trump’s tax cuts and higher federal spending. They also signal the economy is a bit weaker than previously believed and could give the Federal Reserve even greater reason to cut interest rates in September.
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  • MikeDamoneMikeDamone Member Posts: 37,781
    Good news for the HondoBros
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  • HHuskyHHusky Member Posts: 20,823
    MikeDamone said:

    Good news for the HondoBros

    Keynesian stimulus should be saved for use in a bad economy. Pretty pointless, except that Race and blob saved an extra $100 they spent on weed.
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 105,850 Founders Club
    How many jobs will the Biden tax hike bring?

    So fucking bitter over people keeping more of their money

    So upset the economy is good

    Kill yourselves
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  • SFGbobSFGbob Member Posts: 32,213
    As always O’Keefed there is nothing stopping you from writing a bigger check to the government right this very minute.

    If higher taxes are such a great idea start paying them now.
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  • GDSGDS Member Posts: 1,470
    MikeDamone said:

    Good news for the HondoBros

    Bad news for everyone unfortunately. The trump tax increase in the tariffs being paid for by middle class Americans probably partly to blame
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  • GwadGwad Member Posts: 2,855
    GDS said:

    MikeDamone said:

    Good news for the HondoBros

    Bad news for everyone unfortunately. The trump tax increase in the tariffs being paid for by middle class Americans probably partly to blame
    Yes eroding the middle class is a text book power play. Looks like Trump is just the same as all the blowhards that came before him.
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 105,850 Founders Club
    Revenue up

    Jobs up

    Keep more of our money

    Growth up


    Yeah its horrible

    Lies damn lies and statistics

    Nobody believes you
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  • Pitchfork51Pitchfork51 Member Posts: 26,950
    MikeDamone said:

    RaceBannon said:

    How many jobs will the Biden tax hike bring?

    So fucking bitter over people keeping more of their money

    So upset the economy is good

    Kill yourselves


    I was hoping to have the government take more of my money. I’m sure they can spend it more wisely than I can. I just end up helping booze companies. Not fair.
    It was wigged!
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  • BendintheriverBendintheriver Member Posts: 6,016 Standard Supporter
    Gwad said:

    GDS said:

    MikeDamone said:

    Good news for the HondoBros

    Bad news for everyone unfortunately. The trump tax increase in the tariffs being paid for by middle class Americans probably partly to blame
    Yes eroding the middle class is a text book power play. Looks like Trump is just the same as all the blowhards that came before him.
    Eroding the middle class? You want to quantify that? I mean BO definitely hurt the middle class, that is backed up by facts.
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  • BendintheriverBendintheriver Member Posts: 6,016 Standard Supporter
    GDS said:

    MikeDamone said:

    Good news for the HondoBros

    Bad news for everyone unfortunately. The trump tax increase in the tariffs being paid for by middle class Americans probably partly to blame
    You want to quantify that for us scotti or is this going to be something born of your world finance brilliance?
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  • DJDuckDJDuck Member Posts: 5,970
    Bendintheriver said:

    GDS said:

    MikeDamone said:

    Good news for the HondoBros

    Bad news for everyone unfortunately. The trump tax increase in the tariffs being paid for by middle class Americans probably partly to blame
    You want to quantify that for us scotti or is this going to be something born of your world finance brilliance?
    The sky is always falling for the neverTrumpers like Scott and his ilk. It’s a bitch for them when the object of their deep hatred succeeds so much and that rage to find something negative keeps welling up from their gut.

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  • PurpleThrobberPurpleThrobber Member Posts: 44,183 Standard Supporter
    RaceBannon said:

    Revenue up

    Jobs up

    Keep more of our money

    Growth up


    Yeah its horrible

    Lies damn lies and statistics

    Nobody believes you

    Jobs gains is but one component.

    The country is essentially operating at full employment right now. So, yeah, figures lie, liars figure.


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  • HoustonHuskyHoustonHusky Member Posts: 5,978
    edited August 2019
    So he only created, what, 6 millions jobs since he was elected instead of 6.5 million (total non-farm payroll, https://www.bls.gov/web/empsit/compaes.txt) at a point where the economy is already at full employment?

    Sounds horrible...

    You have to love the shrillness of the orange-man-bad crowd around here, not to mention the selectivity of the data the media like to push.
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  • GDSGDS Member Posts: 1,470
    RaceBannon said:




    Yeah its horrible

    Lies damn lies and statistics

    You’re right Race. The original jobs numbers were a lie. That’s the point of this thread. Also agree with you that it’s horrible.
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  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,791 Swaye's Wigwam
    HHusky said:

    MikeDamone said:

    Good news for the HondoBros

    Keynesian stimulus should be saved for use in a bad economy. Pretty pointless, except that Race and blob saved an extra $100 they spent on weed.
    Be sure to use the phrase "priming the pump"!
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  • SledogSledog Member Posts: 33,862 Standard Supporter
    Well a trillion dollars for "shovel ready" jobs mostly went into the bank accounts of demorat congress critters like Nacy P. Steered millions into hubbies company. Many other examples. The dems are going to take our shit one way or another! You didn't earn that. build that or inherit that! It's ours!
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