Drudge Retort: The Other Side of the News
Friday, March 09, 2018

hether you work on Wall Street or in a warehouse, behind a cash register or on a construction site, the jobs report released by the government on Friday offered some good news. A winning combination of hefty job creation and a swelling work force signaled the economy's fundamental strength. At the same time, modest wage growth defused concerns that competition for workers was driving up salaries and igniting inflation.

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Stock market up big with the news. I didn't vote for the guy, but if I keep seeing 30% gains in my 401k like I did last year, I might have too.

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This is a disaster for Murica. jerbs is for robots.

#1 | Posted by SheepleSchism at 2018-03-09 11:39 PM | Reply | Funny: 1

Wages have not effected inflation for more than 30 years.

#2 | Posted by Crassus at 2018-03-10 03:57 AM | Reply

Labor participation rate at historic lows making this as fake news as it was to the right during Obama.

#3 | Posted by 726 at 2018-03-10 09:56 AM | Reply

#2 That's because Reagan rolling back criminal enforcement on businesses hiring illegal immigrants opened the job market for Mexicans crossing the border. That has suppressed the wages for the past 30 years and allowed for profits to flow to the top.

#4 | Posted by 726 at 2018-03-10 10:06 AM | Reply | Newsworthy 1

Wait wait wait.

So now we're supposed to believe these numbers and the economy is fundamentally strong?

What was the magic threshold between Obama's economy being crap and a paper tiger to Trump's economy being fundamentally strong? Can any of you "Conservatives" help me out on that one?

#5 | Posted by jpw at 2018-03-10 11:55 AM | Reply

Watch the S&P500 retest 2800/2820 this week
$SPX

#6 | Posted by GOnoles92 at 2018-03-10 12:11 PM | Reply

So now we're supposed to believe these numbers and the economy is fundamentally strong?

Thank you to our glorious dear leader Trump for making the Obama economy even better. To even new levels of greatness.

Are you tired of Winning yet?

#7 | Posted by GOnoles92 at 2018-03-10 12:13 PM | Reply

LOL having a boring Saturday, Noles?

#8 | Posted by jpw at 2018-03-10 12:53 PM | Reply

Haha, yesss. And should be studying, too.

#9 | Posted by GOnoles92 at 2018-03-10 12:54 PM | Reply

"What was the magic threshold between Obama's economy being crap and a paper tiger to Trump's economy being fundamentally strong?"

When Obama ws President the jobs numbers were fake news, now they are real news. Everyone know that.

#10 | Posted by danni at 2018-03-10 01:41 PM | Reply

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Several things happened.

First was the election of Trump. Business knew that he as opposed to Obama knew what it takes to be successful in business.

So there was a mental threshold.

Then Trump actually did what he said, he started eliminating many of the misguided policies that Obama has put in place.

Regulation threshold.

Next were the tax cuts. Rather than taking from someone to give to someone else, the tax cuts freed up money for investment.

Tax threshold.

Next we will see an employment/wage threshold.

#11 | Posted by sawdust at 2018-03-11 08:14 AM | Reply

Labor participation rate at historic lows making this as fake news as it was to the right during Obama.

#3 | POSTED BY 726 AT 2018-03-10 09:56 AM | REPLY

Except February was the largest one month up tick in the number of new job seekers since 2003, and 10th largest in history.ie labor participation rate is going up....

#12 | Posted by ABH at 2018-03-11 09:18 AM | Reply | Newsworthy 1

#11 | POSTED BY SAWDUST

All of which is fluff.

What numbers or economic indicators have changed significantly?

Because it seems like Obama baked and iced the cake and Trump just put the writing on, yet everyone is cooing over Trump's baking skills.

#13 | Posted by jpw at 2018-03-11 12:44 PM | Reply

Except February was the largest one month up tick in the number of new job seekers since 2003, and 10th largest in history.ie labor participation rate is going up....

#12 | POSTED BY ABH

You mean a good economy will get people back to work? Get outta here!

Still doesn't explain why the economy is magically thought to be "sound" under Trump but was derided as a polished turd under Obama.

#14 | Posted by jpw at 2018-03-11 02:28 PM | Reply

The economy has been steadily improving since 2010.
Thanks quantitative easing.

#15 | Posted by bored at 2018-03-11 03:57 PM | Reply

This argument had been raging in opposite form in one way or another since I became mostly a lurker in 2006. Democrats want to give credit to the last guy if he was a dem, and deny credit to the current guy if he is a Repub, and vice versa for repubs. What no one will do is provide a time frame when the current resident of 1600 Pennsylvania Avenue can start taking unequivocal credit for the economy.

It's been 14 months under trump, and it's the 10th largest increase in history? That seems significant enough, and it's been long enough to give him credit for that.

My 401k killed it last year. More so at the end of the year than the beginning so trump gets some credit for that, but the lion's share does go to Obama since it was up every month starting in January. If it continues this year on the same pace that it was in the last quarter of last year, as all indications are, it will, that credit belongs to the current resident of the white house.

The economy should be the only non partisan issue. It's either good, or it isn't. Right now it's pretty Damn good.... Though it might still be a paper tiger. Time will tell.

#16 | Posted by ABH at 2018-03-11 09:30 PM | Reply

What was the magic threshold between Obama's economy being crap and a paper tiger to Trump's economy being fundamentally strong? Can any of you "Conservatives" help me out on that one?

#5 | Posted by jpw at 2018-03-10 11:55 AM | Reply | Flag:

1/20/17

#17 | Posted by 726 at 2018-03-12 10:17 AM | Reply

Except February was the largest one month up tick in the number of new job seekers since 2003, and 10th largest in history.ie labor participation rate is going up....

#12 | POSTED BY ABH
Labor Participation Rate
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.1 64.2 64.2 64.1 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.8 63.8 63.7 63.7 63.8 63.7 63.5 63.6 63.8 63.6 63.7
2013 63.7 63.4 63.3 63.4 63.4 63.4 63.3 63.3 63.2 62.8 63.0 62.9
2014 62.9 62.9 63.1 62.8 62.8 62.8 62.9 62.9 62.8 62.9 62.9 62.8
2015 62.9 62.7 62.7 62.8 62.9 62.7 62.6 62.6 62.3 62.5 62.5 62.7
2016 62.8 62.9 63.0 62.8 62.6 62.7 62.8 62.8 62.9 62.8 62.7 62.7
2017 62.9 62.9 63.0 62.9 62.7 62.8 62.9 62.9 63.0 62.7 62.7 62.7
2018 62.7 63.0

Labor participation is unchanged from Sept 2017. Not historic. Still less than most of 2013. Still at rock bottom. All of 2017 has been hovering at rock bottom.

#18 | Posted by 726 at 2018-03-12 10:24 AM | Reply

"First was the election of Trump. Business knew that he as opposed to Obama knew what it takes to be successful in business."

Trump recipe for successful business: stiff contractors, declare bankruptcy multiple times (because that's smart), get elected President and use that office to direct customers to your Washington DC Hotel, use your position to imress customers at your Mara Lago hotel where you can even be overheard discussing foreign policy in the dining room with foreign leaders.

#19 | Posted by danni at 2018-03-12 10:34 AM | Reply

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