Oh Snap! Is Donald Trump and the Republican's seeing the money people beginning to jump ship? Wall Street advisors are turning to Joe Biden.... Donald Trump's strength has been the economy... Has he lost THAT also?... What's left? President Donald … [Read more...] about Goldman Sachs and Moody’s turn away from Trump for a speeder economic recovery …
The economy
Employers added 661,000 jobs in Sept….
Ok.... But? It may take 2 years to get things back to the pre-virus employment last year.... This isn't a 'Great' economy... A turnaround could happen at any time, of course, particularly if there is a vaccine or other sharp improvement in public health. But for now, … [Read more...] about Employers added 661,000 jobs in Sept….
Jobless claims at 837,000 for last week of Sept. 2020….
Donald Trump may be talking about a great economy by looking at Wall Street.... But? Virus fall out IS keeping people out of work.... A cascade of new layoffs announced this week is putting pressure on an already strained labor market, as numerous large companies have … [Read more...] about Jobless claims at 837,000 for last week of Sept. 2020….
Medicaid numbers increase due to job loses from virus….
The increase in people going on Medicaid is draining the budgets of several states.... Another problem apparently Donald Trump is ignoring that affects other Americans and hurting state 's...Like Nevada.... By the most recent count, the roster of Nevadans on Medicaid has … [Read more...] about Medicaid numbers increase due to job loses from virus….
Trump payroll tax move could actually raise people’s taxes come next year….
He wants to cut payroll taxes now.... But Congress actually writes the tax code and with payroll taxes sending money to Social Security and Medicaid? Congress IS NOT gonna let the missed payments stay missed... They will have to be paid back... Some of it won't … [Read more...] about Trump payroll tax move could actually raise people’s taxes come next year….
No new taxes on those making under $400,000 a year…Biden…
And NO new taxes on small businesses.... Great Pledge campaign pledge! Of course we know Congress writes the tax laws.... But I like him saying he ain't gonna raise my taxes if he can help it.... Democratic presidential nominee Joe Biden said in an interview aired … [Read more...] about No new taxes on those making under $400,000 a year…Biden…
Jobless claims are back up…..
No surprise to some of us... The number of Americans filing for unemployment insurance unexpectedly rose last week, a sign of the job market’s fragility five months after the coronavirus pandemic began to devastate the economy. The economy remains challenging for many American … [Read more...] about Jobless claims are back up…..
Reforming the Post Office or Downsizing an American institution ?…Open Thread for 8/15/2020
The US Postal Service is YUGE agency... (It is also unionised ...) It does something probably no other company on earth can do... Deliever letters and packages EVERYWHERE in American around the planet at pretty good prices And it does this as a quasi-public … [Read more...] about Reforming the Post Office or Downsizing an American institution ?…Open Thread for 8/15/2020