USA job growth highest in years, wages rise, middle fingers to all the haters

[AggregateDemand]

We've drilled our way out of this mess. The federal government just made a bunch of noise and issued trillions in debt over the last 6 years. The economy is recovering because gasoline expenditures (% income) and real trade deficit are declining.

We still have a serious problem with BoP, and that's what Congress is trying to fix right with corporate tax reform. Repatriation taxes cause hundreds of billions of dollars in profits earned by US firms stay overseas. The only way to repatriate without being crushed by taxes is to relocate company headquarters outside of the US. Many companies have already taken this route, and it is in our best interest to make sure more companies do not follow their lead.

If corporate tax reform happens, and profits are repatriated, shifting our BoP deficit, it will be Republicans who got it done, while Democrats fiddled around with their favorite pet project, which has accomplished virtually nothing in healthcare.

I don't know why Democrats chose to write the script this way, but Schumer has noticed the strategic miscalculation and he's hoping contrition will save his sorry excuse for a party in 2016.

[AggregateDemand]

The Democrats were stupid not to run on the economy in 2014, letting the GOP win on a campaign platform of basically nothing.  At least Hillary is shrewd enough to know to run on it in 2016, even if she attributes it to Democratic policies in general rather than Obama specifically.

It wasn't a decision. They couldn't run on the economy because they've done nothing but issue debt, and they would have been exposed and dismantled by Republicans, who generally poll higher regarding economic issues.

[AggregateDemand]

Oh that's right, I forgot the GOP has such a superior record on handling the economy!

TARP was ugly, but quite effective. Same cannot be said for the stimulus packages which were just plain ugly. People at the bottom are still suffering and unwilling to support Democrats, people towards the top know that Democrats are not the least bit involved in the recovery. Like Chuck said, focusing on ACA was the wrong strategy. Whatever ambition they had to reduce the cost of labor via healthcare quickly vaporized in a DC power-grab.

[AggregateDemand]

Might there have been a cultural shift in regards to teenagers/college students working while in school?

Do you think their preferences are going to make any difference when seniors try to cash their social security checks? I'm sure you'll just tell seniors, "sorry, young people can't find work these days, and we can't raise FICA taxes on working class parents".

We have a faction of people on this board who think that making excuses for poor labor force participation is going to magically fund our spending initiatives. You better come up with a $10T excuse because that's the unfunded bill just over the rainbow.

[AggregateDemand]

AD's arguments getting more wrong and more irrelevant as Obama's economy continues to grow and prosper.

This economy?


The one where America is bled dry by debt servicing costs?