Impressed by the Trump administration part II

Astounding record of achievement.

https://www.washingtonexaminer.com/washington-secrets/trumps-list-289-accomplishments-in-just-20-months-relentless-promise-keeping

Reuters (10/16, Mutikani) reports, “US job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.” The Labor Department “said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, report on Tuesday that there were 7.14 million unfilled positions in the economy in August,” which is “the highest level since the series started in 2000 and compared to 7.08 million vacancies in July.”

        The Hill (10/16, Keller) reports “the open jobs outnumbered unemployed Americans actively searching for work by 902,000 in August, which is the largest difference recorded,” and the Washington Post (10/16, Long) that “the nation now has more than one job opening for every unemployed person, a dramatic turnaround from the Great Recession, when there were more than six unemployed people for every job on offer.” Mary Daly, President of the San Francisco Federal Reserve, said in a speech yesterday, “The labor market is booming. It’s beyond almost anyone’s measure of full employment.”

Hard to imagine a bunch of socialists getting elected to congress to next month.

Water Infrastructure bill signed by Trump.

Just another win.

posted by QuakerOats

 

 

Water Infrastructure bill signed by Trump.

 

Just another win.

LOL. Trump is claiming victory for a piece of legislation that is passed every two years? 

Sure, this is nice, but it is business as usual and occurred even during the evil Obama admin. 

Come on bro. 

You know what would be a win...for Trump to fix the highway trust fund....

posted by ptown_trojans_1

LOL. Trump is claiming victory for a piece of legislation that is passed every two years? 

Sure, this is nice, but it is business as usual and occurred even during the evil Obama admin. 

Come on bro. 

You know what would be a win...for Trump to fix the highway trust fund....

The AP (10/23) reports President Donald Trump signed the America’s Water Infrastructure Act of 2018, “a wide-ranging bill to improve the nation’s water infrastructure.” The AP reports, “The new law will help create a reservoir south of Lake Okeechobee designed to filter out toxins that contribute to harmful algae blooms that have killed turtles, fish and other marine life — even manatees — and have ravaged South Florida’s tourism-driven economy.” It “authorizes more than $6 billion in spending over 10 years for projects nationwide, including the $1.3 billion Everglades Agricultural Area reservoir.” In a tweet (10/23), NAM President and CEO Jay Timmons called the signing a “big win” for manufacturers, adding that “drinking and waste water systems, as well as harbors, ports and inland waterways, are critical #infrastructure that manufacturers rely on.”

Yes, it is a new version of the Water Infrastructure Bill that is passed every two years.  

The 2016 one was called WIIN as well the 2014 one. 

https://www.congress.gov/bill/114th-congress/senate-bill/612/text

Also, this isn't really Trump's victory, this is more Congress doing their actual job. The bill has support by folks on both sides of the aisle. 

Trump did jack shit on this. 

Ok; let’s not count that among the 200+ wins thus far.

Q3 GDP 3.5%

Best wishes

But …”you didn’t build that’

• Wages and salaries rose 3.1 percent in the third quarter, the biggest increase in a decade, according to the Labor Department.

Elections matter.

Take care.

You obviously don't accept the premise that presidents have little effect on the economy.  Regulatory reform takes years to have any measurable effect.  Tax cuts may help cause an uptick in spending for a very short period, but that spending always regresses to the mean in a short period.  

My question to you is this: if Trump is so responsible for the economy, exactly what mechanisms is he manipulating to make it so?  

posted by Dr Winston O'Boogie

My question to you is this: if Trump is so responsible for the economy, exactly what mechanisms is he manipulating to make it so?  

#MAGA Button. It's like an Easy Button, but much more bigly.

posted by Dr Winston O'Boogie

You obviously don't accept the premise that presidents have little effect on the economy.  Regulatory reform takes years to have any measurable effect.  Tax cuts may help cause an uptick in spending for a very short period, but that spending always regresses to the mean in a short period.  

 

My question to you is this: if Trump is so responsible for the economy, exactly what mechanisms is he manipulating to make it so?  

It has been a team effort thus far:  tax reform through congress and the prez, which on the business side has been highly significant, causing substantial new capex investment along with employee pay increases.  As well, the regulatory rollbacks have been enormous, and the final impetus for much of the re-investment.  Further, the simple notion that no more egregious and onerous regulations are forthcoming is simply huge when contemplating business plans, budgets, capex; this is primarily why confidence is so high.  You may not realize this, but many, many companies would not spend a dime on re-investment until the obama administration was gone; it was quite simply much too damn risky. 

In the end, it is all about setting the table and then getting out of the way.  When government becomes the largest impediment to business (via over-taxing, over-regulating, and terrible trade agreements), then we have real serious problems.  Now that we are reversing that trend the economy is able to return to growth; people have not only hope, but confidence. 

posted by QuakerOats

 

 

It has been a team effort thus far:  tax reform through congress and the prez, which on the business side has been highly significant, causing substantial new capex investment along with employee pay increases.  As well, the regulatory rollbacks have been enormous, and the final impetus for much of the re-investment.  Further, the simple notion that no more egregious and onerous regulations are forthcoming is simply huge when contemplating business plans, budgets, capex; this is primarily why confidence is so high.  You may not realize this, but many, many companies would not spend a dime on re-investment until the obama administration was gone; it was quite simply much too damn risky. 

 

In the end, it is all about setting the table and then getting out of the way.  When government becomes the largest impediment to business (via over-taxing, over-regulating, and terrible trade agreements), then we have real serious problems.  Now that we are reversing that trend the economy is able to return to growth; people have not only hope, but confidence. 

Here is an article about this topic. National Review may not be conservative enough for you.  But this guy makes my point much more eloquently than I do.

https://www.nationalreview.com/2017/11/presidents-do-not-control-economies-or-gdp/

posted by Dr Winston O'Boogie

Here is an article about this topic. National Review may not be conservative enough for you.  But this guy makes my point much more eloquently than I do.

 

https://www.nationalreview.com/2017/11/presidents-do-not-control-economies-or-gdp/

 

 

To be fair to quaker, his post you quoted didn't give Trump all of the credit.  I agree presidents cannot single handedly dictate the economy, but since nobody cries about EOs anymore (unless it's not their "team"), there are things they can do to promote/obstruct growth.  In this case, I believe rolling back regulations have helped, especially with small businesses.  On the flip side, his idiotic tariffs have not helped. 

posted by like_that

To be fair to quaker, his post you quoted didn't give Trump all of the credit.  I agree presidents cannot single handedly dictate the economy, but since nobody cries about EOs anymore (unless it's not their "team"), there are things they can do to promote/obstruct growth.  In this case, I believe rolling back regulations have helped, especially with small businesses.  On the flip side, his idiotic tariffs have not helped. 

Tariffs and trade negotiations certainly haven't been a benefit but I think it's important to look at the long-term impact when it comes to trade.  It's not like the trade deals are permanently done but rather it was certainly going to hurt a little in the beginning to get them changed from a more equitable agreement.  When considering China....most everything they do is done with a long-term view including trade.  Wish our government took more of this approach but unfortunately we have folks too often looking to get reelected ad it can come down to "what have you done lately".

posted by like_that

To be fair to quaker, his post you quoted didn't give Trump all of the credit.  I agree presidents cannot single handedly dictate the economy, but since nobody cries about EOs anymore (unless it's not their "team"), there are things they can do to promote/obstruct growth.  In this case, I believe rolling back regulations have helped, especially with small businesses.  On the flip side, his idiotic tariffs have not helped. 

You're right, that one particular post did not give Trump all of the credit.  But his pattern of posting articles highlighting positives in the economy and concluding that we now have "change we can (really) believe in" makes very clear who he thinks is responsible.  

If the crops flourish, it is because the king is kind.  

posted by Dr Winston O'Boogie

You're right, that one particular post did not give Trump all of the credit.  But his pattern of posting articles highlighting positives in the economy and concluding that we now have "change we can (really) believe in" makes very clear who he thinks is responsible.  

 

If the crops flourish, it is because the king is kind.  

I think you're just easily rattled by QO for whatever reason.  He has been doing this for almost a decade.  

posted by like_that

I think you're just easily rattled by QO for whatever reason.  He has been doing this for almost a decade.  

He doesn't rattle me.  I don't have any hard feelings toward the guy.  I just like to use him as a composite character representing people that see their world view as the one and only way.  I don't think I - or anyone else - will every change his mind.  But he provides a ready-made platform to comment.