transporter
Well-Known Member
Some actual facts (not the alternative kind) for all you Trump cultists.
Dow Jones Industrial Average:
1/20/2009 - 12/24/2009: 7949 - 10520 or a gain of 32.3%
1/29/2009 - 12/31/2009: 7949 - 10428 or a gain of 31.2%
1/20/2017 - 12/24/2017: 19827 - 24754 of a gain of 24.8%
Now, I know the bigger numbers (20,000 vs 10,000) have the Trump Mensa candidates all excited, but the basic mathematical principal of percentages (something you should have learned in the 4th or 5th grade) shows Trump's first year returns don't match the first year returns under our last President. To match the first year returns of our last President, the Dow would need to rise some 1300 points next week. Possible of course, but highly improbable.
Naturally, this is not an endorsement of our last President. An intelligent individual would understand that the President has very little impact on the stock market regardless of political affiliation.
Employment:
The civilian labor force grew by 1.3 million in 2016. It has grown by just 300,000 in 2017 with December's report still to be released. It is highly unlikely that 1,000,000 people will join the labor force in Dec.
The labor force participation rate ended 2016 at 62.7. It stands at 62.7 as of November. (I guess they haven't told Gilligan this over at Ace of Spades...haven't told you how much Trump is underperforming his 10,000,000 new jobs in his first term promise either have they?)
Roughly 1.7 million more people were employed at the end of 2016 than the beginning. There are roughly 1.9 million more employer so far this year (with December still to be added.)
Wage growth in 2016 was 2.4%. Preliminary data thru November show 2017 wage growth at 2.%
So the employment picture is not significantly different in 2017 from 2016. Despite all the positives in the economy the labor force is not growing...and productivity is also not growing. Statistically speaking there is not much difference in the employment picture from 2016 to 2017 (despite what your propaganda sites are telling you.)
GDP
GDP in 2016 was 1.8. GDP. In 2017 we should end up around 2.6.
2016 GDP was impacted by the collapse of oil prices (and significant negative impact on the oil producing and servicing sector) and a strong dollar. 2017 was a goldilocks kind of year. 2017 had no economic headwinds. We had low inflation, low unemployment, a weaker dollar and coordinated worldwide growth...and still we didn't break out of the range we've been in for 6 years...as expected.
The tax cut should had a little to growth next year...expectations are not high: .01 - .03 percent. We will see some growth in corporate capital expenditures, but that will fade quickly as the tax incentive sunsets. There is no incentive for companies to increase wages built into the bill so across the board wage increases should not be expected. The bump in growth is hardly worth the addition to the deficit/debt it will cost us. (You all remember the deficit and debt right? You were SO against it a year ago.)
Dow Jones Industrial Average:
1/20/2009 - 12/24/2009: 7949 - 10520 or a gain of 32.3%
1/29/2009 - 12/31/2009: 7949 - 10428 or a gain of 31.2%
1/20/2017 - 12/24/2017: 19827 - 24754 of a gain of 24.8%
Now, I know the bigger numbers (20,000 vs 10,000) have the Trump Mensa candidates all excited, but the basic mathematical principal of percentages (something you should have learned in the 4th or 5th grade) shows Trump's first year returns don't match the first year returns under our last President. To match the first year returns of our last President, the Dow would need to rise some 1300 points next week. Possible of course, but highly improbable.
Naturally, this is not an endorsement of our last President. An intelligent individual would understand that the President has very little impact on the stock market regardless of political affiliation.
Employment:
The civilian labor force grew by 1.3 million in 2016. It has grown by just 300,000 in 2017 with December's report still to be released. It is highly unlikely that 1,000,000 people will join the labor force in Dec.
The labor force participation rate ended 2016 at 62.7. It stands at 62.7 as of November. (I guess they haven't told Gilligan this over at Ace of Spades...haven't told you how much Trump is underperforming his 10,000,000 new jobs in his first term promise either have they?)
Roughly 1.7 million more people were employed at the end of 2016 than the beginning. There are roughly 1.9 million more employer so far this year (with December still to be added.)
Wage growth in 2016 was 2.4%. Preliminary data thru November show 2017 wage growth at 2.%
So the employment picture is not significantly different in 2017 from 2016. Despite all the positives in the economy the labor force is not growing...and productivity is also not growing. Statistically speaking there is not much difference in the employment picture from 2016 to 2017 (despite what your propaganda sites are telling you.)
GDP
GDP in 2016 was 1.8. GDP. In 2017 we should end up around 2.6.
2016 GDP was impacted by the collapse of oil prices (and significant negative impact on the oil producing and servicing sector) and a strong dollar. 2017 was a goldilocks kind of year. 2017 had no economic headwinds. We had low inflation, low unemployment, a weaker dollar and coordinated worldwide growth...and still we didn't break out of the range we've been in for 6 years...as expected.
The tax cut should had a little to growth next year...expectations are not high: .01 - .03 percent. We will see some growth in corporate capital expenditures, but that will fade quickly as the tax incentive sunsets. There is no incentive for companies to increase wages built into the bill so across the board wage increases should not be expected. The bump in growth is hardly worth the addition to the deficit/debt it will cost us. (You all remember the deficit and debt right? You were SO against it a year ago.)
