Off-Topic: The claim and the fact and the why
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Name:
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architect
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Subject:
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The claim and the fact and the why
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Date:
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1/28/2018 9:44:35 AM
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TRUMP'S CLAIM...''Since my election we've created 2.4 million jobs and that is going up very very substantially.'' (Have no idea what the last part of that sentence means in English)
THE FACT...There were 2.4 million new jobs between Nov 1 2016 and jan 31 2018 (14 months). For the calendar year 2017 the number of new jobs was about 2 million...that was the smallest annual increase in 7 years (look it up!)
THE WHY...The jobs increase has slowed down not because Trump's and economic genius (he ain't) or the economy but because at 4.1% (lowest in 17 years) we are near full employment and most people who want a job has a job and because more baby boomers are leaving the job market every year. I know most people on this forum will cry ''fake'' news, but it is a fact that the greatest percentage increase in employment since the end of WWll was the 4 Carter years (look it up)...not because Carter was an economic genius (he wasn't...look at inflation and interest rates in his years) but because 1976 and 1980 were the peak years the millions of baby boomers were coming into the job market and spending lots of money. If we actually do get to 3 to 4% growth promised by Trump we will not have enough workers to fill the positions, especially if we reduce or shut down immigration of qualified people who want to come here. (Just heard Republican Linda Chavez on TV completely agree with my last sentence...''If we further restrict immigration we will destroy our economy.'' Mant elements are involved in driving the econmoy, but none are as strong as demographics.
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