News & Current Events
wolfgang_schneider — 2017-02-01T11:24:26-05:00 — #1
ADP reports that 246 000 new jobs have been created in the USA in the month of January 2017. This is more than the 168 000 that were expected and a lot more than the 80 000 - 120 000 expected by the Fed for this month.
ADP (Automatic Data Processing) is not a government institution, but a private company which provides services to personnel and human resource departments and produces this report on a monthly basis.
As one can see, most jobs were created by small and medium businesses. Small businesses (1-49 employees) are listed with 62 000 new jobs, medium size businesses (50-499 workers) accouunt for 102 000 new jobs, large companies (more than 500 workers) are listed with 83 000 new jobs.
This increase above the expected number of new jobs is a surprise ... perhaps already something like a "Trump effect" to which the US economy has given more trust? Of course, smaller and medium size companies will view the future more optimistically if domestic companies are protected by import tax, more favorable trade agreements and other measures.
The American working class people, the average American who pay taxes and have to pay bills, are primarily interested in secure jobs which pay good money, sufficient to meet their needs. This is the reason, why they elected Trump. This "silent majority" is not interested in all the political correctness junk, which is propagated by left fascists who want to impose their pseudo religion of genderism, feminism, globalism. socialism, humanism, etc on everybody. These only shake their heads at the current demonstrations ... as they can't quite fathom the doings of cry-babies that grow up and live in a protected "bubble" and of which many have no idea what it means to do har labor with your hands, just to get food on the table and have some kind of a roof over your head.
The past administrations have cared nothing whatever for the American working class, rather Obama (as well as Bush and W. Clinton before him) only served the financial elite, wall street and the military industrial complex. .
bill_coley — 2017-02-01T13:05:14-05:00 — #2
This excellent news makes January 2017 the 76th consecutive month of job growth in the United States following the devastating recession of 2008-09 - in which we lost up to 700,000 jobs a month - extending the American economy's all-time record for such a streak.
Of course, Barack Obama was president for 75 of those 76 months. Actually, he was president for 2/3 of the month of January reported by these numbers, and President Trump's economic policies - in part because he hasn't implemented any - have had no impact on the economy as yet.
In other words, if the prices American consumers pay for goods increase.
One of President Trump's early sleight of hand attempts in his presidency was to suggest, through his press secretary, that Mexico would pay for a new border wall through such an import tax on Mexican goods. When myriad economists and journalists pointed out that such a tax would be paid by Americans, NOT Mexicans, the Administration pulled it back, saying it was just one of the options under consideration.
Let's pray the Administration's economic team understands the rudiments of tariffs and taxation far better than does the president or his press secretary.
wolfgang_schneider — 2017-02-01T13:18:44-05:00 — #3
Thus far, the American consumers have paid for the globalists share holders profit ... with the economy going downhill consistently ... less people having jobs, and many jobs not even paying enough to pay for basic commodities.
The rise in consumer prices will easily be matched by the economy growth overall ... and by more people having jobs more people will have means to consume goods produced ...
bill_coley — 2017-02-01T13:54:35-05:00 — #4
You are welcome to the perspectives of your choice on higher prices paid by consumers caused by import taxes and trade wars, Wolfgang.
Because such a tax in this case will never be approved by Congress, I'm frankly much more concerned that the president and his press secretary either didn't know that a tariff on Mexican goods would be paid by Americans, not Mexicans, and therefore would not result in Mexico's paying for the wall, OR they knew tariffs would be paid by Americans, meaning that in their announcement they basically lied to the American public. Neither explanation of what happened is reassuring.
gao_lu — 2017-02-01T21:55:44-05:00 — #5
Thanks for even more warming news. Indeed even USA Today reluctantly and sourly admits that in their efforts (probably to twist truth to debunk Trump), the outcome was the discovery that on the panel they USA Today created 100% approved Trump's progress, and thought he was doing as well as or better than they expected.
No he isn't perfect, but he is so much better than what we have before. We have been hurt so badly, betrayed so profoundly that even supporters are reluctant to celebrate too early, but so far, ignoring the silly, hostile, hysterical media, I think we have a lot to celebrate. I also think that many media slaves, those duped by the old regime, are seeing light and many will quiet themselves, and turn to reality. We can keep hope, anyway!
alex_vaughn — 2017-02-01T22:17:46-05:00 — #6
Indeed Pres. Obama handed off an excellent growing economy and healthcare costs are increasing at a slower rate than expected pre-Obamacare according to the CBO. Let's hope that Trump doesn't ruin everything.
bill_coley — 2017-02-01T23:22:34-05:00 — #7
An inference I draw from your phrasing here, Alex, is an admission that the new president will ruin something; the best we can hope for is that he doesn't ruin everything. If that's not an implication you intended, I will certainly take sole ownership of it.
wolfgang_schneider — 2017-02-02T01:56:02-05:00 — #8
I think my family, relatives and friends in the USA must be in some special terrible situation ... rather than experiencing daily reality life in the USA .... because they did not quite see the "excellent growing economy" and had such incredible increase in Obama-care related health care payments that they are quite hard pressed to be able to pay ....when payment almost doubles, normal people do not care if this is "a slower rate than expected" ....
gao_lu — 2017-02-02T02:55:14-05:00 — #9
It isn't just your family. I have friends across the US with experiences like you mention.