Irony: Trump the liberal

[FlyerInHi]

I see that Fox News no longer mentions the labor participation rate.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-07-06/participation-rate-emerges-as-fed-s-big-job-market-mystery

[zk]

[quote=EconProf]More good employment news today that liberals should be cheering.
213,000 new jobs created last month.
Hispanic unemployment rate lowest in history– 4.6%, down from 4.9% in previous month.
Black unemployment rate still super low.
Hispanic and African-American support rising for Trump, worrying Democrats.

The unemployment rate overall actually rose to 4%, reportedly because previously discouraged workers are coming off the sidelines after hearing about employers anxious to hire.

Trump the liberal.[/quote]

Even for a fake econprof, you’re not very good with cause and effect.

Or what it means to be a liberal.

Or reality in general.

[EconProf]

Here’s another reason liberals should be cheering the buoyant Trump economy: its surging tax revenues are enabling state and local spending to keep expanding.
In the just-signed CA budget, General Fund expenditures are up $11.6 billion, a 9.2% increase over the previous year and way above the rate of inflation. Governor Brown should send a thank-you note to the White House.

Trump the liberal.

[spdrun]

Budget signed in 2018 is based on 2017 revenues, before Trump had much (if any) of an effect. As an “econ prof” you should know better.

Also, not all state and local spending is good according to liberals. The 2008 recession was one of the things that forced states to cut back on law enforcement, mass incarceration, and re-evaluate idiotic drug laws.

[EconProf]

[quote=spdrun]Budget signed in 2018 is based on 2017 revenues, before Trump had much (if any) of an effect. As an “econ prof” you should know better.

Also, not all state and local spending is good according to liberals. The 2008 recession was one of the things that forced states to cut back on law enforcement, mass incarceration, and re-evaluate idiotic drug laws.[/quote]

Uh no. A budget is future spending compared to future revenues. In the words of the Department of Finance, “In May, (the Department of) Finance submits revenue and expenditure estimates for both the current and budget years to the legislature.” That was the budget recently signed by Governor Brown in the last stage of the budgetary process.

In fact, it is the budget for fiscal year 2018-19, which runs next October 1 until September 30, 2019. So it apparently anticipates strong tax revenues for the next year and a quarter.

[spdrun]

Estimates are mostly based on previous-year performance, since they don’t have a crystal ball about current or next year’s performance.

May estimate date means the data goes from early 2017 to early 2018, if you they’re lucky.

[EconProf]

A budget is planned future expenditures compared to planned future revenue. It’s really not complicated.

[zk]

I’m not sure why I was giving you the benefit of the doubt. But I was. It’s pretty clear at this point that you’re nothing but a troll.

EconTroll.

So feeble.

[EconProf]

Liberals, and the vast majority of economists, favor free trade–no tariffs, no non-tariff barriers, no subsidies to favored industries.
And yesterday, that is just what Trump and the EU’s representative agreed to work toward.

Once again, if we look at Trump’s policies and results, rather than his silly tweets, we see real progress toward what liberals claim to want.

Trump the liberal.

[spdrun]

“We’ll work towards” means “we’ll think about it and maybe do nothing.” I hope this is true — no need for European markets to be deluged with shoddy American or “American” goods when the local products are actually better, if slightly more expensive.

BTW – “liberals” supporting free trade is a recent thing. Till the 90s, liberals tended to be all for protecting the jobs of US workers.

[FlyerInHi]

American food would make Europeans obese like the Brits already are. Hormone filled meats and pesticide laced grains.

But such a contorted argument. Trump raises tariffs so he can do away with them. The EU meeting was just a way for Trump to claim a win and move on while doing nothing.

[The-Shoveler]

“”liberals” supporting free trade is a recent thing. Till the 90s, liberals tended to be all for protecting the jobs of US workers.”

LOL it’s all about the spin,

[FlyerInHi]

[quote=The-Shoveler]””liberals” supporting free trade is a recent thing. Till the 90s, liberals tended to be all for protecting the jobs of US workers.”

LOL it’s all about the spin,[/quote]

Nothing about spin. If you look back, when American cars were shit and Jesse Jackson ran for president he was a strong supporter of unions. Of course, Mondale won the nominarion but Jackson was actually the dream candidate for manufacturing jobs. But manufacturing Democrats voters for Reagan, hence the moniker Reagan Democrats. Then the rust belt voters voted for Trump in 2016. They deserve who they got.

[The-Shoveler]

If they haven’t already, some party should hire you (does not matter which one I think you could really do a good job regardless).

I will leave it at that.

[FlyerInHi]

[quote=EconProf]Liberals, and the vast majority of economists, favor free trade–no tariffs, no non-tariff barriers, no subsidies to favored industries.
And yesterday, that is just what Trump and the EU’s representative agreed to work toward.

Once again, if we look at Trump’s policies and results, rather than his silly tweets, we see real progress toward what liberals claim to want.

Trump the liberal.[/quote]

What about $12 billion is welfare from taxpayers to farmers. That must be communist.
Something that would not be necessary had it not been for the trade war.

Makes the $500 million loan guarantee on Solyndra like small potatoes. And the overall DOE loan program is profitable.

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