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Winning...the economy under Trump

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There is a way forward to an economy which elevates ALL Americans. Other democracies have embraced it. 

Portugal Antidote to Right-wing Populism

"Not too long ago, Portugal stood on the brink of catastrophe: harsh austerity policies and the erosion of labour rights pushed by the conservative government lead to significant rises in poverty and unemployment. The economy dwindled due to the lack of peoples’ spending power."

Today, everything has changed:

“Nowadays, Portugal is considered a prime example among European countries: the economy is booming, unemployment is dropping and investments are rising.”

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...the socialists raised the once slashed wages and pensions, reintroduced paid vacations and retracted many tax raises, all while raising wealth taxes which affect only the rich parts of the population. Furthermore, the government introduced a property and real estate tax designed not to target the homes of average citizens. Costa’s socialists also put an end to the catastrophic privatizations that were once instructed by the EU and resulted in selling state assets at absurdly low prices.

The USA is confused. 

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43 minutes ago, toomuchbaloney said:

There is a way forward to an economy which elevates ALL Americans. Other democracies have embraced it. 

Portugal Antidote to Right-wing Populism

"Not too long ago, Portugal stood on the brink of catastrophe: harsh austerity policies and the erosion of labour rights pushed by the conservative government lead to significant rises in poverty and unemployment. The economy dwindled due to the lack of peoples’ spending power."

Today, everything has changed:

“Nowadays, Portugal is considered a prime example among European countries: the economy is booming, unemployment is dropping and investments are rising.”

The USA is confused. 

Yes. It is confused.

Some, operate and think as though success is a limited thing.

It isn't.

 

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A mixed bag ending the year.

 

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December’s payroll and wage growth missed expectations.

The Labor Department said nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%.

Economists surveyed by Dow Jones had been looking for job growth of 160,000. The jobless rate met expectations for staying at a 50-year low.

A more encompassing jobs rate that includes discouraged and underemployed workers fell to 6.7%, the lowest it’s ever been in records going back to 1994.

https://www.cnbc.com/2020/01/10/us-nonfarm-payrolls-december-2019.html?fbclid=IwAR2_vejajUTfPqjFhGeeuDDkUg1i5ocBko_nWalNmWUCcXf5-A0p0tAoLy8

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Jobs numbers continue to look good.  

https://www.usatoday.com/story/money/2020/02/07/jobs-report-employers-added-225-000-jobs-january/4685981002/

Wages up, but not really thanks to Trump

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In his State of the Union address Tuesday, President Trump touted a “blue collar boom,” noting that wages “are rising fastest for low-income workers.”

He’s correct, but Trump left out one thing: a large portion of those gains can be traced to minimum wage increases in more than half the states.

https://www.usatoday.com/story/money/2020/02/07/minimum-wage-2020-trumps-blue-collar-boom-due-higher-pay-floors/4682939002/

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