Drudge Retort: The Other Side of the News
Wednesday, September 11, 2019

New U.S. Census figures show gains in wages and declines in poverty for U.S. citizens, but some household income numbers sour the data.

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However it is higher than it was 2 years ago.

#1 | Posted by Sniper at 2019-09-11 11:26 AM | Reply

I agree.

I've oft said that I hope that Pres Trump doesn't screw up the recovery that fmr Pres Obama had started and fostered through his term.

#2 | Posted by LampLighter at 2019-09-11 11:46 AM | Reply

#2 | POSTED BY LAMPLIGHTER AT 2019-09-11 11:46 AM | FLAG: Please cite what obama did to 'start' the recovery and what policies he instituted to 'foster it.

Fact is after a recession the economy will slowly rise' and if anything helped it [through mostly the stock market] was the Fed pumping money {QE}.

#3 | Posted by MSgt at 2019-09-11 12:00 PM | Reply

@#3 ... Fact is after a recession the economy will slowly rise' ...

Yup.

fmr Pres Obama's policies helped pull us out of the Great Recession. If he had not, I doubt if he would have been re-elected with a 50+% popular vote.

Our interest rates are still historically low due to that recession.

#4 | Posted by LampLighter at 2019-09-11 12:12 PM | Reply

If he had not, I doubt if he would have been re-elected with a 50+% popular vote.

I disagree .. he was pretty popular for his identity, brought out lots of first time voters, which then didn't vote in 2016, the GOP candidate wasn't too good either.

Our interest rates are still historically low due to that recession.
#4 | POSTED BY LAMPLIGHTER

You need a wider lens...
awealthofcommonsense.com

I used to think the Fed under Greenspan was a miracle worker ... but the reality .... we are in trouble...

#5 | Posted by AndreaMackris at 2019-09-11 12:25 PM | Reply

@#5 ... You need a wider lens... ...

Thanks for that chart, it confirms what I said, that interest rates are historically low.

According to that chart (which goes back to 1956), interest rates have never been as low as they are now.

#6 | Posted by LampLighter at 2019-09-11 12:35 PM | Reply

@#5 ... he was pretty popular for his identity, brought out lots of first time voters, which then didn't vote in 2016, the GOP candidate wasn't too good either. ...

50+% of the popular vote for both of the times he faced voters for the Oval Office.

50+%. Twice.

#7 | Posted by LampLighter at 2019-09-11 12:39 PM | Reply

fmr Pres Obama's policies helped pull us out of the Great Recession
#4 | POSTED BY LAMPLIGHTER AT 2019-09-11 12:12 PM | FLAG: Then I would think you could cite just what policies he instituted. How about the top five, or even, three.

#8 | Posted by MSgt at 2019-09-11 12:59 PM | Reply

@#8 ... Then I would think you could cite just what policies he instituted. ...

Two that come to mind quickly are the stimulus bill he worked with Congress to pass, and the infrastructure work that was done.

The unfortunate aspect of what he did (or tried to do) was how the wealthy swooped in and channeled a lot of the income growth into their pockets. I would have like to see him have done more to prevent that.

#9 | Posted by LampLighter at 2019-09-11 01:11 PM | Reply | Funny: 1

Import people with no jobs from other countries and tally them in the census does numbers on the, well, numbers.

#10 | Posted by Petrous at 2019-09-11 02:02 PM | Reply

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Cut interest rates to zero, print more money and give those at the bottom a raise to fifteen dollars.

The problem is fixed. Next.

#11 | Posted by Ben_Berkkake at 2019-09-11 02:05 PM | Reply | Funny: 1

Due to implementation of supply-side theories, we now have two seperate economic systems (rich and middle/poor). We lump them together and make policies to help the rich by saying it will help the poor.

Welcome to America, where we only help winners.

#12 | Posted by BruceBanner at 2019-09-11 02:30 PM | Reply

Trump is not the cause of this problem, but his Tax Cuts for Billionaires helped to exacerbate it.

#13 | Posted by JOE at 2019-09-11 02:33 PM | Reply

Cut interest rates to zero, print more money and give those at the bottom a raise to fifteen dollars.
The problem is fixed. Next.

#11 | POSTED BY BEN_BERKKAKE

The first two are what Trump is proposing.

Who cares about Inflation anyway, right? Can't wait until the President's can of coke costs $5.

#14 | Posted by Sycophant at 2019-09-11 03:07 PM | Reply

However it is higher than it was 2 years ago.

#1 | POSTED BY SNIPER

Just not as fast as they were increasing under Obama.

But median income is growing slowly. "Median household incomes rose only 0.9% in 2018, compared with 1.8% in 2017. In 2016 and 2015, median household incomes grew much faster, at 3.1% and 5.1%, respectively," analysts at the Economic Policy Institute note.

So why don't you send Obama a thank you card?

#15 | Posted by Sycophant at 2019-09-11 03:08 PM | Reply

Who cares about Inflation anyway, right? Can't wait until the President's can of coke costs $5.

#14 | Posted by Sycophant

They can barter a can of Coke for one of their Trump campaign $5 Sharpies.

#16 | Posted by AMERICANUNITY at 2019-09-11 03:09 PM | Reply

According to that chart (which goes back to 1956), interest rates have never been as low as they are now.

#6 | Posted by LampLighter

That is not true. They were lower when o'bummer was in office.

#17 | Posted by Sniper at 2019-09-11 03:11 PM | Reply

Cut interest rates to zero, print more money and give those at the bottom a raise to fifteen dollars.

The problem is fixed. Next.

#11 | Posted by Ben_Berkkake

What that would do is decrease the number of min wage jobs and make inflation rise.

It would help if you understood the problem.

#18 | Posted by Sniper at 2019-09-11 03:14 PM | Reply

fmr Pres Obama's policies helped pull us out of the Great Recession
#4 | POSTED BY LAMPLIGHTER AT 2019-09-11 12:12 PM | FLAG: Then I would think you could cite just what policies he instituted. How about the top five, or even, three.
#8 | POSTED BY MSGT

Got you covered:
1. In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects.
2. Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs.

Recession ended in July, 2009.

Imagine how much longer the recession would have lasted if 3 million auto-workers were suddenly unemployed and millions of others had no unemployment benefits.

GDP growth by 2010 was 3.9%.

Thank you, President Obama.

#19 | Posted by Sycophant at 2019-09-11 03:15 PM | Reply

@#17 ... They were lower when o'bummer was in office. ...

Which goes back to what I said originally, "Our interest rates are still historically low due to that recession."

Looking at the chart, the interest rates are historically low. Since the 2008 Great Recession, they have been lower than they have been since the 1950's (according to the chart cited).

So what is the problem with my comment, "Our interest rates are still historically low due to that recession." ?

#20 | Posted by LampLighter at 2019-09-11 03:50 PM | Reply

The goal of the globalists was to lower it. Quick, import more cheap labor!

#21 | Posted by visitor_ at 2019-09-11 07:34 PM | Reply

In a country that has evolved into a "Everything is about me and nothing else matters", the fact that my household income has skyrocketed due to me going to school, working hard, etc....I'd say the headline is fake. That's pretty much the logic Liberals use about anything that is positive about Trump, so I'm just following along.

#22 | Posted by humtake at 2019-09-12 12:56 PM | Reply

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