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Thread: Why the Left Has Been So Wrong About the Trump Boom

  1. #1
    INGSOC GURPS's Avatar
    Member Since
    Nov 2012
    Peoples Republic Of Maryland

    Why the Left Has Been So Wrong About the Trump Boom

    Why the Left Has Been So Wrong About the Trump Boom

    Time magazine’s cover story for the week of Nov. 6 is a classic. It blares: “The Wrecking Crew: How Trump’s Cabinet Is Dismantling Government As We Know It.”

    The New York Times ran a lead editorial complaining that Team Trump is shrinking the regulatory state at an “unprecedented” pace.

    Meanwhile, last week the stock market raced to new all-time highs; we had another blockbuster jobs report with another fall in the unemployment rate; and housing sales soared to their highest level in a decade.

    Are the editors at Time and the Times so ideologically blinded that they are incapable of connecting the dots?


    The sharp-penned Paul Krugman of The New York Times declared Trump’s growth forecast an act of “economic arrogance.” He said the productivity improvement necessary for faster growth was as likely as “driverless flying cars” arriving “en masse.”

    Admittedly, we shouldn’t read too much into six months of very good economic data (with 3 percent growth) or the booming stock market. These trends can always reverse course quickly. Trump’s more restrictive policies on trade and immigration could harm growth potential.

    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  2. #2
    Most times - heck, most *years* - I don't check my retirement funds, largely because they make it so complicated to log in.
    For example, it used to be you entered your ID, a password and there.
    Then they changed the login process; changed the conditions of legitimate passwords.
    Forgot your new ID? We'll mail it to you. Not email. MAIL. Wait a month.
    Oh. Now you forgot the password? Mail that too. It's temporary of course.
    Now it has to be 16 characters long - and none of the letters can appear to form a word.

    CRAP. No wonder I just wait for the reports.

    So I got one. Damn. I had a *GREAT* year. I used to look at the dismal rate of growth and think, crap,
    at this rate, I'm working until I'm 75. If I live that long.
    I had such a great year, if it went BACK to the previous 10-12 years, I would STILL be great.

    Actually the only part of my PERSONAL economy that went bad this past year is insurance companies raised everything.
    My paycheck will actually go DOWN in the new year.
    It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds." Teddy Roosevelt

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