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The Official Thread Dedicated to "Trump Winning"

Steeltime's economic report - since the media nowadays never report anything about the economy. Well, anything other than facts about Russia's economy.

Unemployment

united-states-unemployment-rate@2x.png


The United States unemployment rate beat projections and fell to 3.9%, the third time it was under 4.0% in four months. The new normal? Seems to be.

Labor Participation Rate

united-states-labor-force-participation-rate@2x.png


United States labor participation rate remained a steady 62.9% in July. The "new normal" reversed a long-time decline in the labor participation rate under Obama, which saw the participation rate fall from 66.2% when he took office to 62.7% his last month in office. Labor participation declined by 3.5% under Obama. Remember 21 telling us that was only because the population was getting older, the trend would not reverse, the economy would not and indeed could not see 4% or 5% GDP growth because we did not have enough potential employees?? Yeah, I remember that.

Wrong on all counts, 21.

The Types of Jobs - Full or Part-Time?

Good news here as well. Full-time employees as of July, 2017: 126 million. Full-time employees as of July, 2018: 129 million. That's more.

Part-time employees as of July, 2017: 27.6 million. Part-time employees as of July, 2017: 26.9 million. That's less.

https://www.bls.gov/web/empsit/cpseea06.htm

So what's happening is that the jobs added the past year under Trump are full-time jobs, not the bullshit part-time jobs Obama crowed about. Somebody tell Ocasio-Imbecile.

united-states-full-time-employment@2x.png


Huh ... look at that. Full-time employment booming.

Oh, and to the "It's the great Barack Hussein who brought this about ..." - not so much. March 8, 2013 - four years into the "Obama recovery":

One of the more unsettling trends in this recovery has been the rise of part-time work. We are nowhere near recovering the jobs lost in the recession, and the track record looks even worse when you consider that so many of the jobs lost were full time, whereas so many of those gained have been part time.

Compared with December 2007, when the recession officially began, there are 5.8 million fewer Americans working full time. In that same period, there has been an increase of 2.8 million working part time. Part-time workers — defined as people who usually work fewer than 35 hours a week — are still a minority of the work force, but their share is growing.


https://economix.blogs.nytimes.com/2013/03/08/the-rise-of-part-time-work/

Look at that. Tibs bemoans the fact that Trump works 25 hours per week. He loved the fact that Barry worked 60 hours per week. Funny how full-time Barry oversaw the massive increase in part-time jobs, while part-time MAGA has led an explosion in full-time employment.

Pelosi must be crushed. Well, we in private industry who pay for all the **** are thrilled, but I mean, don't we just wish all of us had part-time jobs, relying on government largess, so that we could paint and write poetry??

Inflation

Hey, a booming economy, with increased labor participation, increased full-time employment, must be accompanied by increased inflation. Right? Not so much. During Trump's economy, inflation has remained between 1.8% and 2.4%. Barry's last year in office saw 2.2% inflation, with less economic growth - much less.

https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths

6a00d83451b33869e201b7c8d0c06c970b-500wi


Home Ownership

A driving force in a healthy economy is home ownership. Increasing home ownership brings about construction jobs, and increased wealth to home owners. Home ownership is flourishing under Trump:

united-states-home-ownership-rate@2x.png


Wow, would you look at that?? Boomin' Barry's economy saw home ownership of 62.9% in July, 2016 while that crazy MF'er Trump has completely ruined that by overseeing home ownership of ... 64.3% last month?!? Who'd a thunk it?

"The U.S. homeownership rate rose in 2017 for the first time in 13 years, driven by young buyers who overcame rising prices, tight supply and strict lending conditions to purchase their first homes.

https://www.wsj.com/articles/homeownership-rate-rises-in-2017-for-first-time-since-2004-1517334537

Wait, what?? The increase in home ownership is the product of YOUNG PEOPLE buying homes?? But I thought Trump hated the young. Well, not as much as the Mexicans, but still ... seems to refute that meme.


Median Income

Now here's where Boomin' Barry, hero of the poor and struggling, wins, right? I mean, he protected the poor, the downtrodden, so the data for median income under his watch MUST show that the median income consistently rose, since all he cared about was raising the poor from their homes. Well, apartments. Section 8 apartments and food stamps. So the data show ...

saupload_Median-Household-Income-in-the-21st-Century-nominal-and-real-estimates-200001-to-201805_thumb1.png


Median income worse at the end of Boomin' Barry's 8 years than when he took office, while real median income is in fact actually ... well, booming under Trump. Inflation-adjusted median income now at an all-time high of $61,858, up over $1,200 since Trump took office.

Median income is a crucial barometer of economic growth, as it measures the 50% realm - half earn more, half earn less. Therefore, if the poor indeed get poorer, median income declines ... like it did under Boomin' Barry. When the poor get jobs, and get richers, median income increases - like it has under Trump.

Huh. I thought Trump hated the poor, particularly those Mexicans. And his economy seems to be benefiting them tremendously. The more you know ...

Manufacturing Jobs

Hey, remember when Boomin' Barry told manufacturing employees that "those jobs are not coming back," and that the workers should "go to school, learn new skills" - such as a degree in Vaginas and the Patriarchy or other such boomin' skills? Yeah, not so much:

latest_numbers_CES3000000001_2008_2018_all_period_M07_data.gif


The projected manufacturing jobs for July, 2018 show a further increase, to 12.7 million manufacturing jobs. That is a massive increase over Boomin' Barry's low of 11.5 million as of 2010, and significantly better than his high level of 12.3 million as of December, 2016.

https://data.bls.gov/timeseries/CES3000000001

Oh, Barry, those jobs came back - despite you, and certainly more due to Trump than you ever expected.

Stock Market

I really don't need to post data for this, do I?? Whatever, here it is:

20,618 when Trump took office ... now 25,000.

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

So to sum up the Trump economy:

  • Much lower unemployment, indeed record low among minorities.
  • More full-time jobs, less part-time jobs.
  • Increasing median income, i.e., the poor are benefiting
  • More home ownership, spurred by young buyers.
  • Low inflation.
  • Booming stock market.
  • More manufacturing jobs.
  • More wealth.
 
Where's James Carville when you need him.
 
Steeltime's economic report - since the media nowadays never report anything about the economy. Well, anything other than facts about Russia's economy.

Unemployment

united-states-unemployment-rate@2x.png


The United States unemployment rate beat projections and fell to 3.9%, the third time it was under 4.0% in four months. The new normal? Seems to be.

Labor Participation Rate

united-states-labor-force-participation-rate@2x.png


United States labor participation rate remained a steady 62.9% in July. The "new normal" reversed a long-time decline in the labor participation rate under Obama, which saw the participation rate fall from 66.2% when he took office to 62.7% his last month in office. Labor participation declined by 3.5% under Obama. Remember 21 telling us that was only because the population was getting older, the trend would not reverse, the economy would not and indeed could not see 4% or 5% GDP growth because we did not have enough potential employees?? Yeah, I remember that.

Wrong on all counts, 21.

The Types of Jobs - Full or Part-Time?

Good news here as well. Full-time employees as of July, 2017: 126 million. Full-time employees as of July, 2018: 129 million. That's more.

Part-time employees as of July, 2017: 27.6 million. Part-time employees as of July, 2017: 26.9 million. That's less.

https://www.bls.gov/web/empsit/cpseea06.htm

So what's happening is that the jobs added the past year under Trump are full-time jobs, not the bullshit part-time jobs Obama crowed about. Somebody tell Ocasio-Imbecile.

united-states-full-time-employment@2x.png


Huh ... look at that. Full-time employment booming.

Oh, and to the "It's the great Barack Hussein who brought this about ..." - not so much. March 8, 2013 - four years into the "Obama recovery":

One of the more unsettling trends in this recovery has been the rise of part-time work. We are nowhere near recovering the jobs lost in the recession, and the track record looks even worse when you consider that so many of the jobs lost were full time, whereas so many of those gained have been part time.

Compared with December 2007, when the recession officially began, there are 5.8 million fewer Americans working full time. In that same period, there has been an increase of 2.8 million working part time. Part-time workers — defined as people who usually work fewer than 35 hours a week — are still a minority of the work force, but their share is growing.


https://economix.blogs.nytimes.com/2013/03/08/the-rise-of-part-time-work/

Look at that. Tibs bemoans the fact that Trump works 25 hours per week. He loved the fact that Barry worked 60 hours per week. Funny how full-time Barry oversaw the massive increase in part-time jobs, while part-time MAGA has led an explosion in full-time employment.

Pelosi must be crushed. Well, we in private industry who pay for all the **** are thrilled, but I mean, don't we just wish all of us had part-time jobs, relying on government largess, so that we could paint and write poetry??

Inflation

Hey, a booming economy, with increased labor participation, increased full-time employment, must be accompanied by increased inflation. Right? Not so much. During Trump's economy, inflation has remained between 1.8% and 2.4%. Barry's last year in office saw 2.2% inflation, with less economic growth - much less.

https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths

6a00d83451b33869e201b7c8d0c06c970b-500wi


Home Ownership

A driving force in a healthy economy is home ownership. Increasing home ownership brings about construction jobs, and increased wealth to home owners. Home ownership is flourishing under Trump:

united-states-home-ownership-rate@2x.png


Wow, would you look at that?? Boomin' Barry's economy saw home ownership of 62.9% in July, 2016 while that crazy MF'er Trump has completely ruined that by overseeing home ownership of ... 64.3% last month?!? Who'd a thunk it?

"The U.S. homeownership rate rose in 2017 for the first time in 13 years, driven by young buyers who overcame rising prices, tight supply and strict lending conditions to purchase their first homes.

https://www.wsj.com/articles/homeownership-rate-rises-in-2017-for-first-time-since-2004-1517334537

Wait, what?? The increase in home ownership is the product of YOUNG PEOPLE buying homes?? But I thought Trump hated the young. Well, not as much as the Mexicans, but still ... seems to refute that meme.


Median Income

Now here's where Boomin' Barry, hero of the poor and struggling, wins, right? I mean, he protected the poor, the downtrodden, so the data for median income under his watch MUST show that the median income consistently rose, since all he cared about was raising the poor from their homes. Well, apartments. Section 8 apartments and food stamps. So the data show ...

saupload_Median-Household-Income-in-the-21st-Century-nominal-and-real-estimates-200001-to-201805_thumb1.png


Median income worse at the end of Boomin' Barry's 8 years than when he took office, while real median income is in fact actually ... well, booming under Trump. Inflation-adjusted median income now at an all-time high of $61,858, up over $1,200 since Trump took office.

Median income is a crucial barometer of economic growth, as it measures the 50% realm - half earn more, half earn less. Therefore, if the poor indeed get poorer, median income declines ... like it did under Boomin' Barry. When the poor get jobs, and get richers, median income increases - like it has under Trump.

Huh. I thought Trump hated the poor, particularly those Mexicans. And his economy seems to be benefiting them tremendously. The more you know ...

Manufacturing Jobs

Hey, remember when Boomin' Barry told manufacturing employees that "those jobs are not coming back," and that the workers should "go to school, learn new skills" - such as a degree in Vaginas and the Patriarchy or other such boomin' skills? Yeah, not so much:

latest_numbers_CES3000000001_2008_2018_all_period_M07_data.gif


The projected manufacturing jobs for July, 2018 show a further increase, to 12.7 million manufacturing jobs. That is a massive increase over Boomin' Barry's low of 11.5 million as of 2010, and significantly better than his high level of 12.3 million as of December, 2016.

https://data.bls.gov/timeseries/CES3000000001

Oh, Barry, those jobs came back - despite you, and certainly more due to Trump than you ever expected.

Stock Market

I really don't need to post data for this, do I?? Whatever, here it is:

20,618 when Trump took office ... now 25,000.

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

So to sum up the Trump economy:

  • Much lower unemployment, indeed record low among minorities.
  • More full-time jobs, less part-time jobs.
  • Increasing median income, i.e., the poor are benefiting
  • More home ownership, spurred by young buyers.
  • Low inflation.
  • Booming stock market.
  • More manufacturing jobs.
  • More wealth.

<iframe src="https://giphy.com/embed/4WHkXdDx8wjS0" width="480" height="427" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/racist-thats-4WHkXdDx8wjS0">via GIPHY</a></p>
 
Tibs, 21, elfie, Trog? What say you?
I wish we were at a point in our history we could lean back and discuss economic performance after a strong Q2. Instead, we have a mob boss in the WH with people closest to him dropping like flies, being found - or pleading - guilty to federal crimes. Including crimes implicating the President himself. A President who's front and center of a DOJ/FBI special counsel inquiry dealing with conspiracy with a hostile nation and obstruction of justice. A President who routinely attacks the free press. A President who lies multiple times a day, each and every day. But yeah, the economic numbers look good, I'll give you that. That's all I got.
 
He's got a serious point. You legitimately have issues.
 
Back to business


Senate will stay until 12 Trump judges approved


Senate Majority Leader Mitch McConnell said Thursday that the Senate will stay in session this month until it approves a dozen more Trump judicial picks and four other executive branch nominees.

The Kentucky Republican laid out the schedule after setting up votes to defeat Democratic filibusters on all 16 nominees.

“No more obstruction, no more delays. It’s time to confirm them all,” Mr. McConnell said.

“The Senate will continue to work right through August until every single one of them is confirmed"

https://www.washingtontimes.com/news/2018/aug/23/mcconnell-senate-stay-until-12-trump-judges-okd/
 
Amidst all the chaos, mayhem and madness of this presidency, some much needed levity.

<iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2F124563204315456%2Fvideos%2F312305062680779%2F&show_text=0&width=560" style="border:none;overflow:hidden" scrolling="no" allowtransparency="true" allowfullscreen="true" width="560" height="315" frameborder="0"></iframe>
 
Last edited:
Jew hating libs, aka Palestinian terrorist lovers, won't like this one


Bolton Confirms That the U.S. Will Defund UN Human Rights Office

In latest blow to United Nations bodies, Trump's national security adviser says administration will 'de-fund' council accused of anti-Israel bias and office of UN rights chief

National Security Advisor John Bolton on Thursday reaffirmed that the administration’s withdrawal from the U.N. Human Rights Council is being accompanied by an end to U.S. funding for the world body’s human rights office. U.S. taxpayers have long paid the largest share.

Bolton told the Associated Press in Geneva that the U.S. will defund the HRC and the Office of the High Commissioner for Human Rights (OHCHR), by reducing by the relevant amount the sum that it pays into the regular U.N. operating budget.

CNSNews.com reported on the defunding decision in June, on the same day Ambassador to the U.N. Nikki Haley announced President Trump’s decision to exit the HRC.

Apart from paying more than one-fifth of the regular U.N. budget, the U.S. has also traditionally topped the list of countries when it comes to the amount of those voluntary contributions.

Welcoming Bolton’s comments Thursday, Israel’s public security and strategic affairs minister Gilad Erdan tweeted, “Those who agree that the U.N. should focus on exposing the world’s worst human rights violators, rather than on obsessively attacking the MidEast’s one true democracy, will applaud [Trump] and [Bolton’s] decision to defund [OHCHR and HRC"

https://www.timesofisrael.com/having-pulled-out-of-unhrc-bolton-says-us-will-now-cut-its-funding/
 
Small Business Ownership Among Black Americans Jumps 400% Since Trump's Election
Fri, 08/24/2018 - 06:22
As black unemployment remains at historic lows, The number of small businesses owned by African Americans in the United States has exploded by 400% year-over-year, according to a survey of more than 2,600 small business owners and entrepreneurs by Guidant Financial.
The survey reveals that in 2018, 45% of small business owners were minorities - up from just 15% three years ago, with the majority of them belonging to African American owners.

Winning!
 
The S&P 500 and Nasdaq Composite reached all-time highs on Friday as Netflix shares rose. The broader market also climbed after the top Federal Reserve official characterized the U.S. economy as "strong."

The S&P 500 rose 0.6 percent to close at 2,874.69, led by gains in materials and tech. Friday marked the S&P 500's first record close since Jan. 26. The tech-heavy Nasdaq advanced 0.9 percent and closed at 7,945.98.

Netflix rose 5.8 percent on Friday after analysts at SunTrust upgraded the stock, noting it will keep going higher because of its success overseas. The stock has had a strong week, gaining more than 10 percent this week.

The Dow Jones Industrial Average jumped 133.37 points to 25,790.35 as DowDuPont outperformed.
 
yeah baby



United States cuts aid to Palestinians


After months of review by the State Department and the White House, President Trump has decided to cut $200 million in civilian aid to the Palestinian Authority and for projects in the West Bank and Gaza, the State Department said in a statement.

The statement said the funds will now address high-priority projects elsewhere, and explained, "This decision takes into account the challenges the international community faces in providing assistance in Gaza, where Hamas control endangers the lives of Gaza’s citizens and degrades an already dire humanitarian and economic situation."

https://www.axios.com/us-cuts-aid-to-palestinians-9de21250-20f1-45e5-a3d3-8ede20a50bd3.html
 
FOR IMMEDIATE RELEASE
Friday, August 24, 2018
Nineteen Foreign Nationals Charged for Voting in 2016 Election
Multiple Defendants Voted In More Than One Election
WILMINGTON, NC – Robert J. Higdon, Jr., United States Attorney for the Eastern District of North Carolina today announced that nineteen foreign nationals were charged with, among other crimes, voting by alien for their actions prior to and on November 8, 2016. A twentieth defendant was charged with aiding and abetting a fellow defendant in falsely claiming United States citizenship in order to register to vote.

A federal grand jury in Wilmington, North Carolina returned an Indictment charging the following foreign nationals with false claim of United States citizenship in order to register to vote, and voting by an alien:

The cases are being investigated under the newly created framework of the Document and Benefit Fraud Task Force (DBFTF) in the Eastern District of North Carolina lead by Immigration and Customs Enforcement - Homeland Security Investigations, and assisted by Enforcement Removal Operations, and the Department of State - Diplomatic Security Service. The investigation as to voting fraud is ongoing.

Makes you wonder if the abolish ICE bowel movement is about more than separating children from illegal senoritas.

Winning! Build The Wall :peep:

https://www.justice.gov/usao-ednc/pr/nineteen-foreign-nationals-charged-voting-2016-election
 
The cases are being investigated under the newly created framework of the Document and Benefit Fraud Task Force (DBFTF) in the Eastern District of North Carolina lead by Immigration and Customs Enforcement - Homeland Security Investigations, and assisted by Enforcement Removal Operations, and the Department of State - Diplomatic Security Service. The investigation as to voting fraud is ongoing.

Makes you wonder if the abolish ICE bowel movement is about more than separating children from illegal senoritas.

Winning! Build The Wall :peep:

https://www.justice.gov/usao-ednc/pr/nineteen-foreign-nationals-charged-voting-2016-election

Thing is, even if you get rid of ICE they are just the enforcement arm. It doesn't take immigration laws off the books. The Libtard Dems are either stupid (that's a given) or know they will never get enough votes to have open borders and simply not enforcing laws is the only way they'll get it.
 
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.6 percent on August 24, up from 4.3 percent on August 16. After yesterday’s releases on new-home sales and costs from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from -4.5 percent to -1.1 percent. After this morning’s advance durable manufacturing report from the Census Bureau, the nowcast of third-quarter real nonresidential equipment investment growth increased from 6.4 percent to 7.5 percent and the nowcast of the contribution of inventory investment to third-quarter real GDP growth increased from 1.92 percentage points to 2.03 percentage points.

4.6 is Winning.

https://www.streetinsider.com/Fed/Atlanta+Fed+Raises+GDP+Forecast+to+4.6%/14546182.html
 

What's happening to our economy is downright fantastic. We are going so well right now that we are actually going to help and pull the world with us. Europe and China aren't going to be as good as us, but they will get better because we are doing better. And again, when our economy is doing well, we become a much stronger bargaining chip on trade than when we were growing 1.5%.

Things are good. Too bad the focus is so much on inside-the-beltway bullshit.
 
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