Trump's Stock Market - Maxine Waters

[Cow Poke]

Maxine Waters is always good for a laugh. Even though she's had her own challenges with the culture of corruption in DC, she somehow now thinks that the stock market's rally under Trump is EVIL, though the highs for the stock market under Obama were proof that he was an economic genius.

You can't make this stuff up.

[demi-conservative]

'Trump will crash market!!!'

*market soars, reach new records*

'This is evil!!!'

[Mountain Man]

No matter what happens or what Trump does, liberals are going to call it evil. Trump could give us another Reagan economy, and the left would still find something to complain about.

[JimL]

No matter what happens or what Trump does, liberals are going to call it evil. Trump could give us another Reagan economy, and the left would still find something to complain about.

Another Reagan economy is not going to help all those struggling, rural, middle class Americans that voted for Trump any more than it did under Reagan. Supply side economics works for the wealthy, the rich get richer, but it doesn't trickle down in the form of better wages and living conditions for the middle class. So, whether policy is good or evil depends upon which people affected by it you are talking about.

[Cow Poke]

Another Reagan economy is not going to help all those struggling, rural, middle class Americans that voted for Trump any more than it did under Reagan. Supply side economics works for the wealthy, the rich get richer, but it doesn't trickle down in the form of better wages and living conditions for the middle class. So, whether policy is good or evil depends upon which people affected by it you are talking about.

Jimmy, for all the marbles, how much better off are blacks, for example, under Obama?

[JimL]

Jimmy, for all the marbles, how much better off are blacks, for example, under Obama?

CP, it isn't about race, the question is how much better off are the American people under Obama? Well, when you consider how well off the people were when Obama took office, do you remember that, then I'd say they are much better off today and would be better off still had not the republicans obstructed his attempts. Did you notice that the Trump administration wants, all off a sudden, to spend trillions on infrastructure to put people back to work. Thats a good thing,it has to be done and interests rates are about as low as one could hope. Would have been nice if it were done sooner.

[Cow Poke]

CP, it isn't about race

To a liberal, EVERYTHING is about race, and that was "an example".

the question is how much better off are the American people under Obama?

No, pay attention - that was NOT the question. Blacks voted for Obama in droves because they believed he was going to help them. They are now WORSE off.

Well, when you consider how well off the people were when Obama took office, do you remember that, then I'd say they are much better off and would be better off still had not the republicans obstructed his attempts. Did you notice that the Trump administration wants all off a sudden to spend trillions on infrastructure.

Let's try again....

Jimmy, for all the marbles, how much better off are blacks, for example, under Obama?

[JimL]

To a liberal, EVERYTHING is about race, and that was "an example".

You brought it up mr. conservative.

No, pay attention - that was NOT the question. Blacks voted for Obama in droves because they believed he was going to help them. They are now WORSE off.

That all depends upon how they would have fared under a republican administration. Affordable health insurance, unemployment down by 5%, wages on the uptick, are all sure signs that things are better for everyone, including blacks.

[Cow Poke]

You brought it up mr. conservative.

As an example, yes, and for the reasons I stated.

That all depends upon how they would have fared under a republican administration.

No, it doesn't. That's unknowable.

Affordable health insurance, unemployment down by 5%, wages on the uptick, are all sure signs that things are better for everyone, including blacks.

Hmmmmmm..... (bolding mine)

Here are some basic facts about life in black America under President Barack Obama:

• In spite of Obama's $275 billion in housing-market bailouts, home ownership has waned.
• In the first quarter of 2009, 67.3% of Americans owned homes. By 1Q 2014, the Census Bureau figure was 64.8%.
• Black home ownership has sagged from 46.1% in 2009 to 43.3% in 2014.
• The poverty rate for blacks is now 25.8%.
• Fewer than half of young black men are working a full-time job.
• The black workforce is decreasing, down from 58.6% in June 2007 to 52.8% in August 2012.
• The median minority family's income is now almost fifth lower than it was when Obama took office with a net worth of just $18,100.
• In contrast, white median wealth has increased by 1% to $142,000.
• In 2009, white households were 7 times richer than black households. Now, white households are 8 times richer.

[One Bad Pig]

Hmmmmmm..... (bolding mine)

Here are some basic facts about life in black America under President Barack Obama:

• In spite of Obama's $275 billion in housing-market bailouts, home ownership has waned.
• In the first quarter of 2009, 67.3% of Americans owned homes. By 1Q 2014, the Census Bureau figure was 64.8%.
• Black home ownership has sagged from 46.1% in 2009 to 43.3% in 2014.
• The poverty rate for blacks is now 25.8%.
• Fewer than half of young black men are working a full-time job.
• The black workforce is decreasing, down from 58.6% in June 2007 to 52.8% in August 2012.
• The median minority family's income is now almost fifth lower than it was when Obama took office with a net worth of just $18,100.
• In contrast, white median wealth has increased by 1% to $142,000.
• In 2009, white households were 7 times richer than black households. Now, white households are 8 times richer.

What do you think you are doing, bringing facts into this conversation?

[Cow Poke]

What do you think you are doing, bringing facts into this conversation?

A moment of weakness, OBP, for which I truly apologize, eh?

[firstfloor]

Maxine Waters is always good for a laugh. Even though she's had her own challenges with the culture of corruption in DC, she somehow now thinks that the stock market's rally under Trump is EVIL, though the highs for the stock market under Obama were proof that he was an economic genius.

You can't make this stuff up.

bets on faster inflation and higher interest rates

[Cow Poke]

It depends on whether you think inflation and higher consumer prices are a good thing or not:

No, it doesn't. What she said was idiotic.

[rogue06]

Another Reagan economy is not going to help all those struggling, rural, middle class Americans that voted for Trump any more than it did under Reagan. Supply side economics works for the wealthy, the rich get richer, but it doesn't trickle down in the form of better wages and living conditions for the middle class. So, whether policy is good or evil depends upon which people affected by it you are talking about.

The income gap sky rocketed under Obama.

[rogue06]

As an example, yes, and for the reasons I stated.


No, it doesn't. That's unknowable.


Hmmmmmm..... (bolding mine)

Here are some basic facts about life in black America under President Barack Obama:

• In spite of Obama's $275 billion in housing-market bailouts, home ownership has waned.
• In the first quarter of 2009, 67.3% of Americans owned homes. By 1Q 2014, the Census Bureau figure was 64.8%.
• Black home ownership has sagged from 46.1% in 2009 to 43.3% in 2014.
• The poverty rate for blacks is now 25.8%.
• Fewer than half of young black men are working a full-time job.
• The black workforce is decreasing, down from 58.6% in June 2007 to 52.8% in August 2012.
• The median minority family's income is now almost fifth lower than it was when Obama took office with a net worth of just $18,100.
• In contrast, white median wealth has increased by 1% to $142,000.
• In 2009, white households were 7 times richer than black households. Now, white households are 8 times richer.

The highlighted part states the difference between white households and all minority (non-white) households. When you look specifically at black households the numbers are even worse

Source: Tavis Smiley: On Every Leading Economic Issue Black Americans Have Lost Ground Under Obama (VIDEO)

When looking only at "black net worth"unemploymentSource

© Copyright Original Source

Also, according to U.S. Department of Agriculture, the number of blacks who receive food-stamps (now called "Supplemental Nutrition Assistance Program" -- SNAP) exploded during the Obama Administration from 7,393,000 to 11,699,000 -- that's a whooping 58.2% increase.

And all of this has been verified by the National Urban League's National Equality Index which found blacks losing ground economically, dropping from 57.4% equality with whites in 2009 to 55.8% in 2015. That is a 2.8% drop

From the source I cited above, Tavis Smiley, who is black and can hardly be construed as anything close to being conservative, has also been critical of how blacks have fared under Obama

Source: Tavis Smiley: On Every Leading Economic Issue Black Americans Have Lost Ground Under Obama (VIDEO)

Tavis Smiley:

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