Trump/GOP Policy Thread

[Pwns]

U.S. workers' paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have failed to keep pace with inflation.

Inflation rose 2.9 percent from July 2017 to July 2018, the Labor Department said, while average hourly pay increased 2.7 percent.

The lack of real wage gains comes despite a strong economy, with sustained growth and an unemployment rate of 3.9 percent — one of the lowest levels in decades.

The Labor Department tracks average hourly pay adjusted for inflation, which is known as the "real wage." According to the federal government, the real average hourly wage was $10.78 in July 2017 and $10.76 in July 2018. Real wages have been on a sharp decline since the start of the year.

https://www.washingtonpost.com/business ... 98e9854dce

For reference (from Dept. of Labor): https://www.bls.gov/news.release/pdf/realer.pdf

Trump's America...where liberals sound like Ron Paul back in the '00s.

Take it up with the fed. They should be raising interest rates more.

[kalm]

Yeah but that’s just because more people are looking for work. In a free labor market, demand for jobs drives wages down. It’s really a good thing.

Trickle-up economics?

Exactly! Lower wages mean more profits for the investment class, freeing up their money to generate even more jobs!!

[∞∞∞]

https://www.washingtonpost.com/business ... 98e9854dce

For reference (from Dept. of Labor): https://www.bls.gov/news.release/pdf/realer.pdf

Trump's America...where liberals sound like Ron Paul back in the '00s.

Take it up with the fed. They should be raising interest rates more.

There was nothing liberal about this; it's not even an opinion piece.

It literally just stated facts from a report (which I referenced).

ps. I agree about the Fed needing to further raise interests rate, but Trump has repeatedly said he's unhappy with the Feds raising rates: https://www.cnbc.com/2018/07/19/trump-l ... rate-.html

[AZGrizFan]

https://www.washingtonpost.com/business ... 98e9854dce

For reference (from Dept. of Labor): https://www.bls.gov/news.release/pdf/realer.pdf

Trump's America...where liberals sound like Ron Paul back in the '00s.

Take it up with the fed. They should be raising interest rates more.

Interesting. US Wage and Salary growth has been above 4% YOY for the past 7 months. Inflation didn’t exceed 2.5% YOY until April and has leveled off at 2.9% the past two months. So, not sure where the disconnect is.

[kalm]

Trump's America...where liberals sound like Ron Paul back in the '00s.

Take it up with the fed. They should be raising interest rates more.

Interesting. US Wage and Salary growth has been above 4% YOY for the past 7 months. Inflation didn’t exceed 2.5% YOY until April and has leveled off at 2.9% the past two months. So, not sure where the disconnect is.

Sounds like wage growth isn’t keeping up with the rent. It’s too damned high!

https://www.washingtonpost.com/business ... c15f61aba7

[CID1990]

So how does this relate to a Trump policy? Did this just become a thing now?


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[∞∞∞]

So how does this relate to a Trump policy? Did this just become a thing now?

Editorial response to your question -

When Republicans were pitching a massive tax cut for corporations and wealthy families last year, they promised voters many benefits: increased investment, higher wages and a tax cut that pays for itself. The tax plan, congressional leaders said, would turbocharge the American economy and provide a much-needed helping hand to working-class families.

“Most people, half the people in this country, live paycheck to paycheck, so there’s a lot of economic anxiety,” the House speaker, Paul Ryan, told The Times in November. “And I think just one of the key solutions is faster economic growth, more jobs. And I think the best thing we could do to deliver that is tax reform.”

So, more than six months since President Trump signed the tax cut into law, is it delivering on the promises Mr. Ryan and other leaders made?

https://www.nytimes.com/interactive/201 ... -cuts.html

[CID1990]

So how does this relate to a Trump policy? Did this just become a thing now?

Editorial response to your question -

When Republicans were pitching a massive tax cut for corporations and wealthy families last year, they promised voters many benefits: increased investment, higher wages and a tax cut that pays for itself. The tax plan, congressional leaders said, would turbocharge the American economy and provide a much-needed helping hand to working-class families.

“Most people, half the people in this country, live paycheck to paycheck, so there’s a lot of economic anxiety,” the House speaker, Paul Ryan, told The Times in November. “And I think just one of the key solutions is faster economic growth, more jobs. And I think the best thing we could do to deliver that is tax reform.”

So, more than six months since President Trump signed the tax cut into law, is it delivering on the promises Mr. Ryan and other leaders made?

https://www.nytimes.com/interactive/201 ... -cuts.html

Wow you're right

This breaking political promises thing is definitely uncharted waters

thanks, Trump


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[AZGrizFan]

Trump's America...where liberals sound like Ron Paul back in the '00s.

Take it up with the fed. They should be raising interest rates more.

Interesting. US Wage and Salary growth has been above 4% YOY for the past 7 months. Inflation didn’t exceed 2.5% YOY until April and has leveled off at 2.9% the past two months. So, not sure where the disconnect is.

Sure looks to me like wage growth is outpacing inflation....

[∞∞∞]

The latest environmental safeguard under assault is the Endangered Species Act (ESA), which is arguably one of the most important pieces of U.S. legislation related to conservation. A staggering 36 distinct proposals to change ESA, of which nearly one-third are expected to have at least partially negative impacts on conservation, are included in the rulemaking package proposed by the Trump administration.

In a report published by the Environmental Policy Innovation Center, current proposals are directed at four key functions of ESA — decision-making about listing species, designation of critical habitat, consultation among federal agencies, and special rules for threatened species. Three proposals, in particular, have generated alarm:

-removing language that listing determinations must be made “without reference to possible economic or other impacts”
-restricting the designation of “unoccupied critical habitat”
-withdrawing a special rule that extends and improves protection for threatened species

Collectively, these changes will facilitate efforts to weaken the ability of ESA to list species, conserve and restore the habitats upon which they depend, and actively work towards their recovery.

http://thehill.com/opinion/energy-envir ... pecies-act

[AZGrizFan]

Interesting. US Wage and Salary growth has been above 4% YOY for the past 7 months. Inflation didn’t exceed 2.5% YOY until April and has leveled off at 2.9% the past two months. So, not sure where the disconnect is.

Sure looks to me like wage growth is outpacing inflation....

Are these articles you're posting just "fire and forget"? I mean, you're not even going to defend them and their inaccuracies?