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Trump Effect - Household Income Hits 15-Year High

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  • Trump Effect - Household Income Hits 15-Year High

    For eight years, President Obama endlessly talked about "middle class" economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. Could Trumponomics be the reason?

    In April, real median household income reached $59,361, according to the latest report from Sentier Research. That's up 2% since January, and is as high as it's been since February 2002. Expressed as an index, median household income was 100.9 in April, which is the first time this index has topped 100 since December 2008.

    By comparison, this index was also lower when Obama left office than when he came in — it stood at 99.2 in January 2009, and was 98.9 in January 2017. It was just 1.7% higher than when the recession ended in June 2009. Last year, incomes barely budged, Sentier data show.

    Another way to look at it: median income has climbed faster in President Trump's first three months in office than it did during 7-1/2 years of Obama's economic "recovery."

    http://www.investors.com/politics/co...-15-year-high/

  • #2
    Trump just riding on the Obama effect, taking credit for stuff he had no business taking credit for.




    A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices.

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    • #3
      Thanks Medwards for the informative information rather than the previous post that cherry picked information out of context.
      Advocating a better Edmonton through effective, efficient and economical transit.

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      • #4
        US incomes started rising when business started to flourish in anticipation of a Republican victory, and then tax breaks. I find it funny reading all these European and Canadian elites ripping into Trump. The unemployment rate in the US is at historic lows with many states now below 4%. That's less than half of what we have under Notley.

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        • #5
          ^ holy $#%#$%$#%
          A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices.

          Comment


          • #6
            Originally posted by MrOilers View Post
            For eight years, President Obama endlessly talked about "middle class" economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. Could Trumponomics be the reason?

            In April, real median household income reached $59,361, according to the latest report from Sentier Research. That's up 2% since January, and is as high as it's been since February 2002. Expressed as an index, median household income was 100.9 in April, which is the first time this index has topped 100 since December 2008.

            By comparison, this index was also lower when Obama left office than when he came in — it stood at 99.2 in January 2009, and was 98.9 in January 2017. It was just 1.7% higher than when the recession ended in June 2009. Last year, incomes barely budged, Sentier data show.

            Another way to look at it: median income has climbed faster in President Trump's first three months in office than it did during 7-1/2 years of Obama's economic "recovery."

            http://www.investors.com/politics/co...-15-year-high/

            "according to the latest report from Sentier Research."


            Well - here's their chart - show me where this is correct:

            "For eight years, President Obama endlessly talked about "middle class" economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. "




            "all the while" ????????? "Now they are on the rise." ?????????








            http://www.sentierresearch.com/Chart...te_04_2017.jpg

            The report:
            http://www.sentierresearch.com/repor...7_05_23_17.pdf

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            • #7
              Originally posted by moahunter View Post
              US incomes started rising when business started to flourish in anticipation of a Republican victory, and then tax breaks. I find it funny reading all these European and Canadian elites ripping into Trump. The unemployment rate in the US is at historic lows with many states now below 4%. That's less than half of what we have under Notley.
              Ok - show me.

              I posted the research chart above.


              And more here:

              How unemployment fared under US presidents in history, in one chart
              Pedro Nicolaci da Costa
              May 22, 2017
              http://www.businessinsider.com/unemp...r-trump-2017-5


              http://static3.businessinsider.com/i...%20jobless.png
              Last edited by KC; 24-05-2017, 11:12 AM.

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              • #8
                I thought that Trump claimed that the real unemployment rate was 42%

                http://fortune.com/2017/03/10/donald...rt-phony-fake/

                moa, do you mean to say that Trump cut unemployment from 42% to less than 4% in 4 months! WOW! Fantastic! UNBELIEVABLE!
                Advocating a better Edmonton through effective, efficient and economical transit.

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                • #9
                  GDPNow estimate rises to 4.0% from 3.8% for 2Q

                  http://news.forexlive.com/!/the-atla...or-2q-20170601


                  Wow - a 4.0% increase in GDP for second quarter 2017 is really good. Just for reference, the US GDP growth did not surpass 3.0% for any quarter during Obama's entire 8 years.

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                  • #10
                    While in Canada with the guy with better hair...

                    Canadian GDP soars 3.7 per cent in first quarter, slightly below analyst expectations
                    http://business.financialpost.com/ne...-first-quarter
                    Advocating a better Edmonton through effective, efficient and economical transit.

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                    • #11
                      Originally posted by MrOilers View Post
                      GDPNow estimate rises to 4.0% from 3.8% for 2Q

                      http://news.forexlive.com/!/the-atla...or-2q-20170601


                      Wow - a 4.0% increase in GDP for second quarter 2017 is really good. Just for reference, the US GDP growth did not surpass 3.0% for any quarter during Obama's entire 8 years.
                      Job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, according to a report Thursday from ADP and Moody's Analytics.Private payrolls increased by 253,000, well ahead of expectations. Economists surveyed by Reuters expected the report to show that private payrolls grew by 185,000 in May from 174,000 in April.
                      The growth "is three times the rate of the growth in the underlying labor force," Mark Zandi, the chief economist at Moody's Analytics, told CNBC. "So that means the unemployment rate, which is 4.4 percent, is quickly headed to 4 percent. This labor market is rip-roaring and getting really tight."

                      Services broadly led the way with 205,000 new jobs, with professional and business services contributing 88,000 — its best month in about three years — and education and health services adding 54,000.
                      http://www.cnbc.com/2017/06/01/adp-p...-may-2017.html

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                      • #12
                        Originally posted by MrOilers View Post
                        GDPNow estimate rises to 4.0% from 3.8% for 2Q

                        http://news.forexlive.com/!/the-atla...or-2q-20170601


                        Wow - a 4.0% increase in GDP for second quarter 2017 is really good. Just for reference, the US GDP growth did not surpass 3.0% for any quarter during Obama's entire 8 years.
                        That is good news!
                        Animals are my passion.

                        Comment


                        • #13



                          Maybe it's time to look in the mirror???

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                          • #14
                            A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices.

                            Comment


                            • #15
                              Originally posted by Hilman View Post



                              Maybe it's time to look in the mirror???

                              She would never look in that mirror.
                              Animals are my passion.

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