Posted on 09/08/2018 7:45:29 PM PDT by upchuck
"The unemployment rate held near a generational low of 3.9 percent," CNBC reported today.
Wait. That cannot be. That was not what Hillary said would happen, and as everyone knows, she is the Smartest Woman in the World. She is never wrong.
"Hillary Clinton says Trump's economic policies will trigger another recession," The Guardian reported on June 17, 2016. The experts had told her so.
The story said, "To support her claims, Clinton seized on a report released on Monday by Moody’s Analytics that suggested Trump’s economic policies, if enacted, would trigger a 'lengthy recession'' and lead to the loss of 3.5 million jobs."
The report by Moody's Analytics said, " Mr. Trump’s economic proposals will result in a more isolated U.S. economy.
"Cross-border trade and immigration will be significantly diminished, and with less trade and immigration, foreign direct investment will also be reduced. While globalization has created winners and losers in the U.S. economy in recent decades, it contributes substantially to the ongoing growth of the U.S. economy. Pulling back from globalization, as Mr. Trump is proposing, will thus diminish the nation’s growth prospects."
Moody's said unemployment would hit 6.8% in 2018, and that the S&P 500 Stock Index would drop to 1,784.2.
If we stayed the course, Moody's assured us that Obamanomics would produce 4.6% unemployment and an S&P of 2,000.2.
Reality called. Not only is unemployment at 3.9% but the S&P closed at 2,878.05 yesterday -- a whopping one thousand points higher than Mark Zandi and his company predicted.
Why the man has his job is beyond me. People lost money due to his snide bad advice because they shorted the market on Election Night and were burned the next day. George Soros is said to have lost a billion by betting against The Donald.
Dumb pundits getting an election wrong are amusing and harmless.
Dumb economists like Zandi are dangerous. They hurt people. Think of the pension funds that relied on him for guidance.
I would not trust Moody's to walk a dog.
Meanwhile, wages are rising amid a tight labor market. Higher wages mean higher Social Security revenues which means at 65 and retired, I am more secure today than I would be under Hillary and the continuation of Obamanomics.
What the actual unemplyment estimated to be? The one that includes those not looking anymore?
Everything down the memory hole when the RATS are involved. Thanks for reminding us.
I hope you do, too! :)
And I’m 58 - and I hope *I* do, too!
Those Clintons seems to have a half-life longer than a Hostess TWINKIE!
Liberals very rarely have to take responsibility for their mistakes.
Yeah but some people deserve to be hurt sometimes.
I hope I’m around to see that too. but I’m 93 and I hope I live as long as my grandmother who died at 97. I just have to stick around !
Can’t be - only Donald Trump uses fear in his politics - Hillary would never try to scare the public by saying unemployment would go way up - like Paul Krugman would never say that the world’s economy would be ruined -like Planned Parenthood would never say that women’s reproductive rights would be destroyed - if Donald Trump were elected......
We are all more secure today.
“George Soros is said to have lost a billion by betting against The Donald.”
What a lovely silver lining.
Wait a minute. Wasn't Moody's the outfit that gave all those sliced and diced Mortgage Backed Securities their AAA Investment Grade ratings a bit ago?
I remember them talking down the economy before the election even if Hillary had won. A recession was inevitable, was going to happen soon, nothing could be done about it. Electing Trump would just make things far worse, read what Paul Krugman said right after the election.
This was all the plan to get American’s used to the “new normal”, to “manage the decline” of the United States. What would “fix” it was more immigration of low wage workers, “free trade” (one sided, against US interests), and a more managed economy, think Hillary’s “public/private partnerships”, stuff right out of the third riech.
I would love to see a campaign ad montage of democrats making all of doom and gloom predictions and then show the actual results since Trump won. Drive home the point that democrats lie to get elected. If democrats claims came true, there would be no black churches, blacks would be slaves again, everyone would have been drafted, the economy would have been damaged beyond repair, minorities in concentration camps, the sea level rising so fast the coastal cities are under water and global warming killing us by the millions a day. We should be pointing out daily that they lie.
I would love to see a campaign ad montage of democrats making all of doom and gloom predictions and then show the actual results since Trump won. Drive home the point that democrats lie to get elected. If democrats claims came true, there would be no black churches, blacks would be slaves again, everyone would have been drafted, the economy would have been damaged beyond repair, minorities in concentration camps, the sea level rising so fast the coastal cities are under water and global warming killing us by the millions a day. We should be pointing out daily that they lie.
Precisely!!
The story said, "To support her claims, Clinton seized on a report released on Monday by Moody’s Analytics that suggested Trump’s economic policies, if enacted, would trigger a 'lengthy recession'' and lead to the loss of 3.5 million jobs." ...Why the man has his job is beyond me. People lost money due to his snide bad advice because they shorted the market on Election Night and were burned the next day. George Soros is said to have lost a billion by betting against The Donald. Dumb pundits getting an election wrong are amusing and harmless. Dumb economists like Zandi are dangerous. They hurt people. Think of the pension funds that relied on him for guidance. I would not trust Moody's to walk a dog. Meanwhile, wages are rising amid a tight labor market. Higher wages mean higher Social Security revenues which means at 65 and retired, I am more secure today than I would be under Hillary and the continuation of Obamanomics.
Thanks upchuck.
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