Anonymous
Anonymous asked in Politics & GovernmentPolitics · 3 months ago

Will we ever see an economy this good again in our lifetime?

Will we ever see an economy this good again in our lifetime? I didnt think we would ever see this.

- Black unemployment rate has reached the lowest in HISTORY under Trump.

- Historic tax reform passed. Over 200 companies responded by paying bonuses of at least $1000

- 14 different states have reached record low unemployment.

- Youth unemployment has just hit a "52" year low. No better time to be a college or high school grad.

- Under Trumps Presidency, the FDA has now approved over 1000 generic drugs in 1 year. Thats the most in U.S. HISTORY.

- Consumer confidence has now hit the highest level since October 2000.

- Job openings have now become the highest ever recorded.

- American manufacturing reached the highest number of new jobs in over 15 years.

- U.S. jobless claims have now hit the lowest level since 1973.

- Middle class income has now reached an all time high under Trump.

- North and South Korean peace deal was signed. First time in 60 years something actually got done.

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  • Robert
    Lv 6
    3 months ago
    Best Answer

    Not if one of the socialists get into office. Vote carefully

  • 3 months ago

    Only if we elect someone like Obama again. The economy is good now only because he left it that way. The improvement in the economy under Trump is practically a record low -- the last Democrat to do this badly was Carter. Things mare reaching records (barely) only because they were already at near record levels -- they barely crept up at all once Trump was President -- after years of record increases under Obama.

  • Anonymous
    3 months ago

    The economy is the be all and end all of the liberal state. Almost every political decision comes down to: ‘will this grow the economy?’

    But the economy is not an end. All these abstracted trade decisions exist, or at least should exist, to better human welfare. All these abstracted trade decisions exist, or at least should exist, to better our people’s welfare. The flourishing of our people is the goal, the economy is merely an abstraction.

    The question government should ask itself is not, ‘will this grow the economy?’, but ‘will this benefit the people being governed?’

    Growing the economy for its own sake is pointless and counterproductive.

    GDP does not measure human flourishing. It is a measured abstraction of the production of goods and services within a country, that is somewhat correlated to the economic health of a nation.

    GDP was a moderately useful measure for ascertaining one small aspect of human welfare (goods), but it has become a goal purported to be the primary measure of welfare, against its creator’s advisement. Once a measure becomes a goal, as GDP most assuredly has, it ceases to be a useful measure. In addition, a measure is useless for measuring that which is was not designed to measure.

    GDP was not designed to measure well-being and it does not do so. It measures economic production and to some degree economic health. Economic health is a part of well-being but definitely not the full measure, it ignores community, relationships, culture, and all those other things that make us human.

    For all these reasons, the economy doesn’t exist, growing it is not an end goal, and the GDP is a narrow measure not an all-consuming goal.

  • Anonymous
    3 months ago

    We already have, and will again. The stock market increased 148% in Obama's 8 years, but under trump the stock market has been stuck around 26,000 points for over two years now, the housing market is down and inflation is up. And the economy would be much better if trump hadn't started a trade war with China.

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  • Anonymous
    3 months ago

    More improvement was seen under Obama than Trump. Yes the world has gotten better after the Bush caused world recession. However wealth inequality has gotten worse, insecurity in basic needs has gotten worse.

    Our tax laws.

    In the US:

    The richest 1 percent now owns more of the country’s wealth than at any time in the past 50 years.

    The wealthiest 1 percent of American households own 40 percent of the country's wealth, according to a new paper by economist Edward N. Wolff. That share is higher than it has been at any point since at least 1962, according to Wolff's data, which comes from the federal Survey of Consumer Finances.

    From 2013, the share of wealth owned by the 1 percent shot up by nearly three percentage points. Wealth owned by the bottom 90 percent, meanwhile, fell over the same period. Today, the top 1 percent of households own more wealth than the bottom 90 percent combined. That gap, between the ultrawealthy and everyone else, has only become wider in the past several decades.

    In the United States, the distribution of that wealth is even more skewed toward the top than the distribution of income.

    The top 20 percent of households actually own a whopping 90 percent of the stuff in America — 90 slices of pie! That's exactly 4½ slices per person, nearly triple their “ideal” share according to Norton and Ariely's survey respondents. Their average net worth? $3 million.

    That leaves just 10 percent of the pie for the remaining 80 percent of the populace. The next 20 percent of households (average net worth: $273,600) help themselves to eight slices, while the middle 20 percent ($81,700 net worth, on average) split a measly two slices.

    Don't go feeling too sorry for that middle quintile, though — at least they get some pie. The fourth quintile of households gets literally nothing: no pie. But they're still doing better than the bottom 20 percent of households, who are actually in a state of pie debt: Their net worth is underwater, meaning they owe more than they have. Combined, the average net worth of the bottom 40 percent of households is -$8,900.

    Republicans gave the rich more than 80% of the tax cut, increased the deficit, and will claim the government does not have the money for social programs.

  • 3 months ago

    Not if Democrats take over all three branches of government.

  • Anonymous
    3 months ago

    No we will not because this debt is going to crush us, especially with the more than $2 trillion Trump has been tacking on every year. Put us into even more debt to make himself look good, and then let a future president deal with the fallout - that's the Trump way

  • Anonymous
    3 months ago

    10 years is good run for a great economy. I remember the recession in 2007.

    • "Elected?" Obama won by popular and electoral vote in both of his elections.

      More than you can say about The Donald.

  • Anonymous
    3 months ago

    You're incorrect about most of those things.

  • Anonymous
    3 months ago

    You're fake faith in capitalism is charming to the audience.

  • Jason
    Lv 4
    3 months ago

    You forgot to mention Iran stfup and didn't bully us any longer

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