Economy added 263,000 jobs in April, unemployment falls to 3.6%, new 50-year low

Discussion in 'Holding Tank' started by Woody, May 3, 2019.

  1. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
  2. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    Millions more people working, millions more paying in to the system, millions less people on SNAP....good news all around.
     
    Rusted Nut likes this.
  3. Quint4

    Quint4 Well-Known Member TECHNICAL Contributor SILVER Sponsor

    Oct 6, 2006
    S.W. Ohio
    330 Sport Bridge (Sold)
    5.7 MPI 350 Merc Bluewaters
    I struggle to fully understand people that are so upset with the current administration. I mean I get the hair, the arrogance, etc. But...jeez..we are cranking! Both of my kids under 30 yrs old have 100K a year jobs...manufacturing is returning...stocks are up.....new construction everywhere. I mean damn it, stop and smell the roses people. Be careful what you ask for.
     
  4. WV 320 Dancer

    WV 320 Dancer Active Member SILVER Sponsor

    694
    Oct 28, 2018
    2003 Sea Ray Sundancer 320
    Twin 350 MAG - V Drive
    10/4... Automotive is struggling a bit as out tastes have changed once more and cars are out and SUV’s and trucks are in. Mining industry is finally crawling out of the terrible hole it was in from the previous 8 years. It is sad that the country is going to remain divided for my lifetime. After 9-11 we came together for a short period until the media could not stand it any longer and went back on the attack.
     
  5. MonacoMike

    MonacoMike Well-Known Member PLATINUM Sponsor

    Sep 15, 2009
    Indiana lakes and Lake Michigan
    2000 Cruisers 3870
    8.2 Mercs
    85 Sea Ray Monaco 197
    260hp Alpha 1
    Because they insist on following their dream of building cars and trucks for utopia, not what the consumer wants to drive.

    https://www.cnbc.com/2019/05/03/gm-tesla-ford-race-to-build-ev-pickups-texas-ranchers-dont-want.html

    MM
     
  6. Krazzeeddie

    Krazzeeddie Active Member

    143
    Sep 21, 2017
    MI, Lake Saint Clair, Salt River, Club Island
    370 Sundancer, 1993
    Avon Rib, Merc 15hp
    Baja 240 Sport, For fun.
    454 Merc... V Drives
    I fully agree people that say they can not find jobs don’t want to find jobs, or they want a way more money than they are worth.

    My personal company is in the boating industry but my career is in the automotive industry. One of the trends I am seeing is the auto manufacturers are heading back down the road they just got bailed out of. But in both worlds I find that the kids getting into the work force don’t want to work more than 30 hours a week and they want to start at the of top of the food chain.

    Ed
     
    carterchapman likes this.
  7. FootballFan

    FootballFan Well-Known Member PLATINUM Sponsor

    Jun 20, 2012
    Florida
    Marquis 59
    MTU Series 60
    Are the people beholden to the government? Or is the government a servant of the people?

    Lot of ways to say that same point. My words are imprecise, not that great.

    Some believe focus everything on a central government, then the government takes care of everything and all people. Solves all problems.

    Some believe the government is in place to address specific issues ( for example national defense, rule of law, etc). At the end of the day government works for the people, not manages the people.
     
    Windjammer likes this.
  8. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    It's Trump's fault. Taxes down. Regulations down. Prosperity up. Donald bragging up. 2808670-R1-015-6.jpg
     
  9. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
  10. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    224,000 jobs added in June, unemployment remains near 50yr low. Accentuate the positive it used to be, this ought to be big news, unfortunately it is not. No time for high fives and ass pats....only claims of racism and more investigations.
     
  11. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    IMG_4230.JPG The negative comments will never stop with the Trumpster in the White House. His critics care only about their declining power over us.
     
    Last edited: Jul 17, 2019
  12. Blueone

    Blueone Well-Known Member SILVER Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    It is hard to come to the table with something to offer in this economy... All the Dems have is to offer free stuff, slander and blame
     
  13. M Prod

    M Prod Well-Known Member

    908
    Oct 6, 2017
    North Vancouver, BC
    2005 Sundancer 340
    Aquapro Dinghy w/ Honda 8hp
    Kohler 5KW Genny
    Raymarine Electronics
    8.1 Horizons /V Drives
    Meanwhile we are accumulating debt at a near record pace and have never owed more. Did you guys miss Mnuchin’s press briefing this week? The treasury is sounding the alarm. Cheap money is creating a borrowing binge that will likely end in tears. 2008 anyone? This is a house of cards. The Trump tax plan is not working and is only setting up decades of pain for future generations. US credit rating continues to decline around the globe, and the dollar is significantly overvalued in current markets. All that is going to come crashing down eventually.

    But we added some jobs last month (many of which are low paying, low skilled jobs with no benefits) so times must be good?

    Come on guys. This is not fiscal conservatism. This is is not conservatism at all.
     
    Last edited: Jul 17, 2019
    susanandlance and Chris-380 like this.
  14. Blueone

    Blueone Well-Known Member SILVER Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    I 100% agree... not one person from either side is talking about the debt. The Dems with free everything will only exponentially increase it bringing the end sooner. Something needs to be done.
     
    Third Edition and Jaybeaux like this.
  15. CaptRonn

    CaptRonn Active Member

    431
    May 25, 2016
    on a large body of water
    1999 Sea Ray 400 Sedan Bridge
    Convert fuel into noise
    This country doesn't have an income problem, we have a spending problem.

    Here's a civics lesson: US Constitution, Article I, Section 7, Clause 1 "All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills."

    So if we want to lay blame for our spending problems, why do we keep electing the same people who created this mess to Washington? It's our congress who has the spending problem, which equates to a borrowing problem, and low interest rates obscure the real problem. If cheap money goes away, inflation will take hold and run rampant, the DC politicians know this.

    US Constitution, Article I, Section 9, Clause 7 "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time."

    Again, why do we keep electing the same people who created this mess back to office every two years or 6 years? And it's not just democrats, the republican establishment owns their fair share of this.
     
    Third Edition likes this.
  16. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    You got anything to say that isn't negative?
     
    M Prod likes this.
  17. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    You mean 'politicians'?:D
     
  18. Golfman25

    Golfman25 Active Member

    526
    Sep 12, 2009
    IL
    281
    V8
    That's funny. Govt. revenue is up significantly - due to growth from the tax cuts. Spending is up significantly more.

    https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166
     
    CaptRonn and MonacoMike like this.
  19. El Capitan

    El Capitan Active Member

    356
    Jul 9, 2014
    Chicago IL./Vero Beach, Fl
    1970 SRV 180 w 2.5L Mercruiser.
    2000 Ford Expedition Eddie Bauer
    120HP Mercruiser
    Yeah. And humanity will be instinct in 12 years!

    The U.S. dollars remains the global benchmark.

    Trump must have a “magic wand” because manufacturing is back.

    Interest rates are low. Inflation is almost absent. CPI is low. Employment at 97%.

    But...but..”the debt!...”

    Tell the Chicoms to go pound sand. We’re not paying.
     
  20. Boat Guy

    Boat Guy Well-Known Member

    @M Prod , respectfully, Trump shut down the government to get a better budget. But, the way I see it, the rank and file Dems and Repubs just want to spend....I think if he had control he would reign it in. Do you think he likes spending? He's donated his paycheck...I think he's learned without Congress, he has very limited powers...

    I don't know what the future holds, but I agree that it's likely headed for a downturn...It's hard to fault the gov't when I see greed and entitlements at every corner...I know a lot of people trying to make a fast buck with OPM....Personally, I don't mind downturns...They weed out the bad....

    BTW - Your profile says "BC" but you say "we".... Do you have a dog in this fight?

    On another note, the USD is being attacked from all sides...Clearly BRIC, crypto, QE, ....It's not a pretty picture, but few people look outside there home when it comes to problems.

    Where would you put your money if not USD? EUR, RUB, HUF?
     

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