Economy US economy adds 2.5m jobs in May, unemployment rate falls to 13%.

[DangDaGawd]

Higher deficits from the tax cut could have provided some juice, though the economy was already running near capacity, and tax cuts for rich people are the least-stimulative form of deficit increases. That was also offset by the trade stuff (some Democrats might have done something like that, too, though I can't imagine any would do it as badly). Fact is, unless there's a recession that we're trying to get out of (and with low interest rates), there isn't much presidents can do to help short-term growth.

I agree. I'm just wondering what actions Trump had taken during the pandemic that he's attributing to these numbers. It's not like stimulus packages during a economic crisis is some novel idea or even attributable to either wing of the political spectrum. Ideologically, I'd think it's more in line with the left than the right.

 

[Jack V Savage]

I agree. I'm just wondering what actions Trump had taken during the pandemic that he's attributing to these numbers. It's not like stimulus packages during a economic crisis is some novel idea or even attributable to either wing of the political spectrum. Ideologically, I'd think it's more in line with the left than the right.

I don't think the "Trump was responsible for the pre-COVID economy" people are actually doing any analysis and coming up with that. Just like the "the bad COVID response isn't Trump's fault" people (same people) aren't doing any analysis. They're starting with the conclusion.

 

[bobgeese]

I agree. I'm just wondering what actions Trump had taken during the pandemic that he's attributing to these numbers. It's not like stimulus packages during a economic crisis is some novel idea or even attributable to either wing of the political spectrum. Ideologically, I'd think it's more in line with the left than the right.

I don't think the "Trump was responsible for the pre-COVID economy" people are actually doing any analysis and coming up with that. Just like the "the bad COVID response isn't Trump's fault" people (same people) aren't doing any analysis. They're starting with the conclusion.

Republicans don’t have to do anything, that’s what you two aren’t realizing.

The market does not have faith in Democrats. That’s why despite Obama never turning into the socialist bogeyman he was made out to be, he still had a lackluster performance with the market. They simply didn’t trust him.

 

[HockeyBjj]

Economy rebounds and there isn’t a crippling 2nd wave before November and I have to say the election is a lock for Trump

Damnit dems for falling in line behind Biden

 

[Madmick]

Everyone has known for a while that JC Penney was a dying business. I've read a lot of articles of them dying last year as well. Their Share prices have been in dumps for a long time. This is nothing shocking dude. The question was when they were going to start closing off the majority of their stores.

Everyone knew it was troubled. It's been troubled since 2012. Yet it has endured for nearly a decade:
https://www.investopedia.com/stock-analysis/043015/how-close-jc-penney-bankruptcy-jcp-kss.aspx

While any immediate threat of bankruptcy has subsided, with the company having around $2 billion worth of liquidity available in the form of cash and credit lines, the current state of the business is unsustainable. How much time does J.C. Penney have to turn things around before bankruptcy becomes a real possibility?

There is no possibility of turnaround. The forced lockdown from COVID killed the company. Of course it's struggling companies that are going to be the first (and most likely) to die. Did you expect the lockdown constraints to put Apple out of business? Get real.

 

[Ûdun Ghuephd]

Economy rebounds and there isn’t a crippling 2nd wave before November and I have to say the election is a lock for Trump

Damnit dems for falling in line behind Biden

Democrats screwed themselves by going so far into loony land. Sensible Democrats who have actual policies and solutions are a thing of the past. The party is now nothing but deranged clowns.

 

[TheOneAboveAll3]

Everyone knew it was troubled. It's been troubled since 2012. Yet it has endured for nearly a decade:
https://www.investopedia.com/stock-analysis/043015/how-close-jc-penney-bankruptcy-jcp-kss.aspx


There is no possibility of turnaround. The forced lockdown from COVID killed the company. Of course it's struggling companies that are going to be the first (and most likely) to die. Did you expect the lockdown constraints to put Apple out of business? Get real.

Ok, so I am guessing you believe those people who were terminally ill due to some illness or disease and then got Covid died cause of Covid and not the disease or illness they were facing before they got Covid right? Cause this is a perfect example of that. I mean yeah you are right Pandemic had something to do with it but JC Penney were doing bad years before. It would have taken a miracle to save them.

 

[Revolver]

Lmao @ two pages of JC Penny talk. Haven’t thought about that company in forever. Didn’t even know it was still open. Must suck to be poor

 

[Gilday]

Let me guess? We have Trump to thank huh?

If you blame him when it goes up, it's only fair to credit him when it goes down....

 

[Madmick]

Ok, so I am guessing you believe those people who were terminally ill due to some illness or disease and then got Covid died cause of Covid and not the disease or illness they were facing before they got Covid right? Cause this is a perfect example of that. I mean yeah you are right Pandemic had something to do with it but JC Penney were doing bad years before. It would have taken a miracle to save them.

I think corporeal comorbidity owing to contraction of the Coronavirus is the perfect analogy, yes. Say that five times fast.

Any of those patients might have survived, and might have been cured, or at least lived a longer life with sacrifices to their quality of life if they didn't contract the virus. Unlike a human body, JC Penny would have been much better positioned to figure out a way to restructure themselves into a different kind of business, or at least a leaner one, without requiring bankruptcy, and mass closures of stores.

 

[Jack V Savage]

Republicans don’t have to do anything, that’s what you two aren’t realizing.

The market does not have faith in Democrats. That’s why despite Obama never turning into the socialist bogeyman he was made out to be, he still had a lackluster performance with the market. They simply didn’t trust him.

???

Also, the stock market isn't the economy.

 

[Farmer Br0wn]

Closing 6 stores for a business with over 850 outlets is business-as-usual.

I can't but notice you're the guy who has been predicting Tesla would go out of business for longer than Social Security chicken littles have been predicting its coffers would run dry.

If there is positive news about the economy, you can count on @brackis1 to come along like clockwork and try to smear negativity all over the thread.

 

[Farmer Br0wn]

Once again total fiction: I have not said Tesla will go BK and you repeating this notion only reaffirms your complete idiocy.
Are you really sitting here trying to call me a simple jack and pretending JCPenney was a solvent retailer before Covid? It's really impressive and people all across the political spectrum would laugh at what a retard you sound like.

No, we're all laughing at how whiny you are in this thread.

Don't use terms like "retard". You're making light of people that have to live with mental illness and/or developmental issues just to try and score a cheap insult on an internet forum. It would be nearly impossible to take seriously any of your further claims of caring about downtrodden or disadvantaged groups, when you're openly mocking one of the most vulnerable groups in our species.

It appears you need to reassess whatever it is you call "morality".

 

[Misfit23]

Dental industry responsible for 10% of the growth!

https://theweek.com/speedreads/9184...sponsible-10-percent-jobs-regained-last-month

Economy rebounds and there isn’t a crippling 2nd wave before November and I have to say the election is a lock for Trump

Damnit dems for falling in line behind Biden

That's what I thought too but if there's no 2nd wave then that means more people coming out to vote so it's a toss up.

 

[Ûdun Ghuephd]

No, we're all laughing at how whiny you are in this thread.

Don't use terms like "retard". You're making light of people that have to live with mental illness and/or developmental issues just to try and score a cheap insult on an internet forum. It would be nearly impossible to take any of your further claims of caring about downtrodden or disadvantaged groups, when you're openly mocking one of the most vulnerable groups in our species.

It appears you need to reassess whatever it is you call "morality".

Check out the war room chat thread. All the virtue signaling, SJW cucks are all about using slurs when they feel like.

 

[bobgeese]

???

Also, the stock market isn't the economy.

Nice, graph. Try looking at it closely and you’ll see it was the same in July 2014, as election week.

Obama plateaued. He could never overcome the perceived notion‘s about how he would manage the economy l

 

[Gunny]

In my opinion most bricks and mortar shops are going to fail in the future because of the technology. JC Penney's bankruptcy was inevitable if they didn't change their business model. The coronavirus just accelerated the process.

I have a multi channel product line that’s sold through independent brick and mortar, national chains, department stores, e-commerce sites and interior designers. I don’t predict the demise of b&m as a whole - though the department store model may not be long for the world. That would represent a reduction and reshaping of b&m but not a majority demise.

There are a few reasons for this. Minimum pricing policies are becoming a normal way of life which limits the advantage ecomms have had in early years. My own policy actually preferences the B&M retailers as they are in greater need of margin/protection. I also suspect we are on the leading edge of a commercial real estate collapse. The potential reduction in occupancy costs will be a lifeline for many retailers. Finally, the behavior of the major ecomms suggests that they themselves don’t believe in the demise of B&M as they are all trying to figure out how to grow into the channel.

 

[44nutman]

So is Trump using the same magic wand Obama did on the unemployment numbers?

 

[Holic]

Add to that, full time jobs that pay a livable wage.

And full benefits
And use of the company car
And a pony

 

[Jack V Savage]

Nice, graph. Try looking at it closely and you’ll see it was the same in July 2014, as election week.

Obama plateaued. He could never overcome the perceived notion‘s about how he would manage the economy l

The graph spans the entirety of the presidency, during which that very broad index more than tripled. And again, the president doesn't "manage the economy" anyway. The explanation would be bad, but the thing you're trying to explain didn't even happen.