Larry Kudlow reports under Trump the wealthy have increased their net worth by 13%. Scandalous, Trump favours the rich! But hold on the lowest income group have increased their net worth by 40%!!!
Seven million jobs! Tr ump has done a fabulous job of lifting all boats.
Look up the difference between income and wealth (net worth). And when you understand that, let's talk again.
The lowest income group would not have anything else but a salary unless Trump has turned the whole nation into investment stockbrokers.
They would typically rent houses, and not have many assets, so their net worth (wealth) would be only be contributed to by their income.
The dollar has not increased much, so it is not as if their buying power has suddenly increased by 40%.
This article has no substance. It is just an empty claim not backed up by data...
Feel free to post again, once you have data to support the argument, otherwise, it is just BS to get Trump elected again -and can be written off as just that!
SB
Whether you like it or not less people are on foodstamps and earning an income for the first time in many years. Food stamps represents minimal income or near to nothing. With 7 million new jobs till 2016 makes a huge difference to their income and that affects the average income earned.
The fact is the economy is booming and the problem is the DP wants to kill it by their policies. It is the ordinary workers that gained more from the boom than is really the most beneficiaries in the USA.
In this case one must also looking at the housing situation. Homelessness in California increased by 16% and in New York and Chicago by 8%, Both of those two states are governed by the DP and they are amiss in dealing with the problem.
Yes stock market is now up 58%! Die briefly went over 29, 0000.
Only a profoundly stupid ill informed nutjob like sharktwit would not know wages have increased fastest for blue collar workers.
The clowns still have huge egg dripping down their faces about their claimss Crooked Hillary would beat Trump.
Rooibozo asks what has Trump done for America. Yes he is that stupid.
Bwhahahahaha
...yup that was one of the biggest lies Fat Donny told was that wages would skyrocket - they've barely kept up with inflation...
....and how does Fat Donny's numbers compare with Obama ? ....under Obama homelessness fell for seven straight years and the number of homeless veterans was cut in half...
Under Trump homelessness has increased for three straight years.. homeless veterans numbers are rising again...
13 million Americans have to take on more than one job to survive
45 million Americans are drowning in $ 1. 6 trillion of student debt...
40 % of Americans are one missed paycheck away from poverty
1 in 4 Americans can't afford their meds...
President Barack Obama announces the Economic Recovery Advisory Board. (Photo credit: Wikipedia)
If mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accepting the gold medal.
...So much winning with the federal deficit as well..
Federal deficit: 2009: 1.4 Trillion (Obama begins) 2017: $665 Billion (53% reduction) 2017: $665 Billion (Trump begins) 2019: $984 Billion (48% increase)
Incidentally Bricey, you really started your deficit analysis a few years late:
....yup trickle down economics hoax aside things are looking good ...especially for the rich
speaking of winners here's a Fox News survey showing Fat Donny is a real winner..
It's a German survey you clown....you know the folks that brought you those great contributors to World Peace....the Kaiser and Adolph Hitler!
Trump is a threat to world peace because he resists the bad actors. He tackles difficult problems and he actually tries to make the world a better place....but nooo!
By making the world a better place - he makes it a safer place, The Democrats have been notorious was mongers. Even when the Republican Presidents started wars - the approvals are given by majority Democrats and Senate members. They are the party that must carry the can after the Democrats started the BS,
Trump makes less war, but he did pump massive funds into the military...as a deterrent...and together with behind the scenes diplomacy...working too.
"This one uses the Federal Reserve as a source)- who are probably the most trustworthy source possible"
Not necessarily...the FR has their own agenda, but the numbers are probably right....as long as the deficit is increasing less than the growth in GDP it shouldn't be a problem.
The trade deficit blew out under Obama as a result of deficit spending to fix the Great Recession....entirely appropriate.
It then contracted as that spending was phased out and military spending was cut by almost $200 billion...also under Obama.
Trump had neither the benefit of declining deficit spending, nor declining military spending. So the underlying growth in entitlements re-exerted themselves. And he had to restore someof the military spending.
On the revenue side.....in spite the tax cuts, which always inhibit revenues in the first year, revenue is now growing in a healthy way. And eventually the huge job gains will push Revenues beyond where they would have been under higher taxes.
The real issue is entitlements, which are supercharged by illegal immigration....something Trump has tackled with zero support from the democrats.
But while we are about it....we should look at the Trade Deficit under Trump. All sorts of disasters were predicted, this is what happened: