America's Economic Status Continue to Soar

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   Sharlee01posted 6 years ago

   
   Jobless Claims in U.S. Decline to Lowest Level Since 1969. Unemployment lines across the U.S. last week were the shortest since December 1969, according to a Labor Department report Thursday that showed an unexpected drop in filings for jobless benefits. It's hard to notice all the Help Wanted Signs and the improving stats on consumers spending that is also up.  Plus many Americans are watching their 401 (K) s increase two folds due to the booming stock market.
   
   Are you enjoying any newfound benefits of the soaring economy, and if so how?

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      promisemposted 6 years agoin reply to this

      I am not. My wages haven't changed, nor my tax rate. But my costs for gas, food, medical and other needs are moving up fast.
      
      My stock portfolio has simply gone back up to the same level it was in January like the rest of the stock market, which is getting a temporary boost from the tax cuts.
      
      As a true fiscal conservative, I'm alarmed the currrent administration shoved through a massive tax cut and massive spending increase.
      
      The huge debt piling up will bankrupt our country.
      
      Shutting off legal and illegal immigration is highly inflationary because it forces companies to get into bidding wars for workers.
      
      I'm glad rich people are doing well.

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         Castlepalomaposted 6 years agoin reply to this

         That is the thing, wealthy are doing well. All you got to do is look around and see the rest not doing well.

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            Castlepalomaposted 6 years agoin reply to this

            I miss the 60s and 70s happy days, this is not it.

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            promisemposted 6 years agoin reply to this

            Agreed.

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         wildernessposted 6 years agoin reply to this

         Not a very good investor, are you?  Most of mine is in the Vanguard 500, echoing the S&P.  And it's up 10% since January.
         
         "Shutting off legal and illegal immigration is highly inflationary because it forces companies to get into bidding wars for workers."
         
         Yep - bidding wars for workers, and the end of illegally low wages (don't forget that illegals only work in the fields, doing what Americans won't).  And lower unemployment, lower welfare and higher tax receipts, allowing lower tax rates for all.
         
         Yep.  Not only useless but doing nothing for the country or it's people.

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            promisemposted 6 years agoin reply to this

            Sorry, you have a problem with your glasses, your calculator or your math skills.
            
            Vanguard 500 reached 271 just today since the peak of 265 in January.
            
            That's a 2% difference. It was 267 on Monday. A difference of 0.07%.
            
            https://www.cnbc.com/quotes/?symbol=VFI … uard%20500
            
            Please read a lot more about what causes inflation and hyperinflation.
            
            Otherwise, maybe you could stay on point.

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               wildernessposted 6 years agoin reply to this

               Well, I did say most of it.  Around 70%, in fact.  Perhaps the other 30% made up the rest.  And I DO re-invest dividends, contributing to that 10% (It's all in retirement accounts).  Interesting, I just checked the total, and it's up just about 13%, not 10% since the beginning of the year.  But don't hold me to Jan. 1, just near the first.  Probably the first week of the year.
               
               Or maybe by taking the "peak of the month" rather than the first you've manipulated the numbers into something you like better?
               
               Do you find it odd that we continue to hear about low wages (those near the bottom, not mid range or the top) and now we're (or at least you) are complaining that they're rising?  Much like Seattle, complaining of low wages and now complaining they're too high and driving up housing prices - never satisfied and it's always due to conservative policies either way, never from their own failed liberal policies.

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