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pbmus

(12,422 posts) Sat Jan 6, 2018, 05:29 PM Jan 2018

Americans Havent Been This Poor and Indebted in Decades

One of the lesser oddities of the Trump era is that the president and his party have managed to achieve historic levels of unpopularity — even as the unemployment rate has fallen to a decade low, and the stock market has soared to all-time highs. Few presidents have enjoyed such favorable, first-year macroeconomic numbers — and none have suffered such unfavorable political ones.

This is largely a testament to the extraordinary toxicity of Donald Trump’s persona, and the heinous unpopularity of his party’s policy priorities. Americans actually give Trump’s handling of the economy a positive approval rating — but dislike his handling of the presidency, nonetheless.

http://nymag.com/daily/intelligencer/2018/01/americans-havent-been-this-poor-and-indebted-in-decades.html?utm_campaign=nym&utm_source=fb&utm_medium=s1

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Americans Havent Been This Poor and Indebted in Decades (Original Post) pbmus Jan 2018 OP

We're heading toward a second great depression, if we're not there already. Initech Jan 2018 #1

If it had not been for Soc. Sec. we could have had a depression after 2008 dixiegrrrrl Jan 2018 #3

Good article Jspur Jan 2018 #2

Initech

(100,076 posts)

1. We're heading toward a second great depression, if we're not there already.

Reply to pbmus (Original post)

Sat Jan 6, 2018, 05:36 PM

Jan 2018

And thanks to the fucking asshole in chief, I feel like things are going to get worse before they get better.

dixiegrrrrl

(60,010 posts)

3. If it had not been for Soc. Sec. we could have had a depression after 2008

Reply to Initech (Reply #1)

Sat Jan 6, 2018, 07:12 PM

Jan 2018

Many people applied for Soc. Sec. disability, a lot of them got on.

As it was, the MSM and Gov. people tip-toed around ways to say the crash was not a real Depression.
They called it "reminds of the Depression", and other euphemisms.

Now Ryan et al are talking about cutting the Soc. Sec. disability program.

Not to be confused with the state disability programs, or SSI, which makes one also eligible for Medicaid.
Both of those are being cut by the states.

It was the Depression that forced the creation of Soc. Sec, and Medicare in the first place.

Essentially, conditions have been set for another great Depression.

Jspur

(578 posts)

2. Good article

Reply to pbmus (Original post)

Sat Jan 6, 2018, 05:57 PM

Jan 2018

and I have to say I don't take unemployment numbers and the stock market as a good indicator of how the economy is for the 99 percent. They used to be good indicators but are not anymore. Unemployment is low right now but you have to factor in that a lot of the jobs that are being created are low wage jobs which are not beneficial to the 99 percent.

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