GDP growth up, stock market up, will the economic expansion continue and who are the winners? Dean Baker and Randall Wray join host Paul Jay
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Is it true that buybacks are a way to avoid taxes?
Civilian labor force participation is up a point since 2015, but it is still down 4% since 2000, which is the last time the economy of the rust belt didn't look bleak.
No real growth for working class people since before the 08 Crash it is a fake recovery. Yeh record highs for the elite. The economy however will benefit Trumps re-election if there is no major crash another thing the Democrats have handed to help re-elect Trump, if they cheat Sanders again Trump will be re-elected.
Lets have this interview one year from now.
D:
No one's economy is better when the debt is growing larger. Period!
These two guys are a joke.
Get Mike Hudson on.
Dean Baker makes me cringe. Strictly a numbers cruncher who has no idea what goes on in the real USA. At a recent CEO conference CEOs stated they had no intention of giving pay raises or hiring more people,, as a matter of fact they were looking at laying off. Since I don't know of anybody who has gotten a raise the raises must have remained in the C-suite. The GDP number was great? We have a stockpile of over 4 mil unsold cars, overall sales were down and inventories are beginning to pile up. We have over 40 mil people who are dependent on food assistance. The stock market continues to be fueled by easy money used for stock buy backs. Being addicted to easy money this wonderful economy cannot even withstand a quarter of percent rate increase without starting to slow down. Student debt as of 6/18 was 1,52 trillion, last quarter of 2018 US household debt reached 13.5 trillion. It is estimated jobs created by Mr. Trump's tariffs came at a cost close to one million per job. This is a house of cards economy. Mr. Trump's tariffs may have helped the Treasury Department but sure as hell not the struggling US consumer paying for the tariffs. Looking behind the published figures paints a totally different picture than that portrayed by Mr. Baker.
The only reason there is a number showing rate wages Rising faster than inflation is because of the minimum wage increases being implemented all across the country those increases or jumping people's wages up faster than the current rate of inflation but it's not caught up with inflation there's a huge difference all of these numbers are twisted and skewed all of the time and it's ridiculous when people report on them and they don't point this shit out
There is no growth in the economy not a fucking inch the stock market is not representative of the actual economy. The fact that people who talk Finance don't understand this is scary.
What's the point of a job if you get no benefits, no retirement, and you can't live on what you make?
Most people don't own stocks and the majority of people are living paycheck to paycheck. We are really struggling in this great economy. We need relief.
Bottom line is unless Sanders is nominated over Biden which looks unlikely due to further inevitable shenanigans, Trump will win as healthcare is the no.1 issue for middle class America & Biden is a mere male embodiment of Hillary Clinton. The economy and the collapse of Russiagate is the steroid injection Trump needed while one more “win” on foreign policy will unfortunately secure his re-election.
Who are these people getting 3% increases in their wages? Professionals and organized workers, maybe. The vast majority saw no raise at all, last year.
Look at your paycheck. Look at your conditions today relative to before the Great Recession. Most Americans are still worse off than before the Great Recession. That is the only real measurement. Everything else is corporatist BS.