The US Politics |OT|

[Bofferbrauer2]

Machiavellian said:

jason1637 said:

The only negative policy Trump has done on the international stage I can think of was leaving the paris climate agreement but most countries that signed on were not actually following through on what they agreed on.

I feel like he probably contributed because under Obama they never grew this fast and started to grow midway through Trumps term.

I brought up GDP because I remember reading something a few months ago that usually for some recessions the GDP reaches a certain mark or something.

Well you could say that wages are better because of this little nugget.  

https://www.nbcnews.com/business/taxes/twice-many-companies-paying-zero-taxes-under-trump-tax-plan-n993046

Or it could be this nugget as well.  

https://www.hrdive.com/news/mercer-wage-increases-projected-to-remain-flat-in-2019/530416/

This is more where I am at as pay increase has not spiked at all.  Actually when I started working at the Job I am at, 5% pay increase per year was the bottom you could get.  After there recessions it when down to nothing, during Obama term it gain back to 5% but that ended up being the max and now under Trump nothing has changed.  If anything you see more 1.5 to 2% then 5%.

I believe the key thing is that on the very top end, the savings companies are getting are going to the Top execs and very much not trickling down to lower teir employees.

As far as wages, States have increase the minimum wage which is affecting those stats

As for international relations, We have some more great Tariffs coming from Trump administration which seems to still only punish American business and gain nothing.

The savings are certainly partly going to the top executives, but the other, bigger part nowadays is going to stock buybacks. Those were highly regulated until the 80's since it's an easy way to drive the stocks while doing effectively nothing, and can be easily used for insider trading if you know in advance about them. But during this decade more and more is spent on buybacks, as it drives their stocks to extreme heights.

Trumps tariffs can't work because the imports are mostly stuff the US don't produce at all or in insufficient quantities themselves instead of products others just produce a bit cheaper, as a result it hits the consumers and Industrials as they have to pay more.