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If economy is great why is fed going to drop rate?
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real-human



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PostPosted: Wed Jul 10, 2019 2:44 pm    Post subject: If economy is great why is fed going to drop rate? Reply with quote

https://news.yahoo.com/stock-market-news-july-10-2019-122245093.html?.tsrc=jtc_news_index

S&P 500 crosses 3,000 after Fed Chair Powell suggests rate cut

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real-human



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PostPosted: Thu Jul 11, 2019 4:26 pm    Post subject: Reply with quote

here is why the economy is on the face now a depression...

spend spend and give tax breaks to the ultra rich

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real-human



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PostPosted: Thu Jul 18, 2019 8:32 pm    Post subject: Reply with quote

https://news.yahoo.com/military-doctor-pentagons-plan-cut-110010968.html

I was a military doctor. The Pentagon's plan to cut doctors will make whole system worse.
Quote:
USA TODAY Opinion USA TODAY Opinion•July 18, 201934 Comments
The United States is facing a serious doctor shortage. As a retired military physician employed by the UNC health care system in North Carolina, we are constantly dealing with the consequences of too few physicians.

It has taken us one year to find a qualified doctor for our practice, although we are actively recruiting and paying tens of thousands of dollars in commissions to find one physician. I am considering retirement but we want a physician as well trained as I am to replace me. The military still produces similar providers, but there are already too few of us to go around.

Unfortunately, this crisis is poised to get even worse. According to its 2020 budget, the Pentagon plans to cut 18,000 doctors, nurses, dentists and other specially trained medical positions from its ranks.

This plan is bad news for doctors and patients alike.

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real-human



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PostPosted: Fri Jul 19, 2019 3:36 pm    Post subject: Reply with quote

a chart of data
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real-human



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PostPosted: Thu Aug 01, 2019 1:26 am    Post subject: Reply with quote

obviously, if the economy was doing great as it was when handed off the rates would have increased. But the big money handout to the rich, record-setting has not been trickled down.
As I call it it is the piss on americans policy of handouts to the uber-wealthy.


https://www.nbcnews.com/business/economy/federal-reserve-approves-its-first-rate-cut-2008-n1037206

Fed approves its first rate cut since 2008, Dow plunges as Chairman Powell speaks.
Quote:
The Federal Reserve cut its key interest rate by one-quarter of a percentage point Wednesday, marking the first such reduction in 11 years and providing an extra boost to the domestic economy as it faces the headwinds of a global economic slowdown.

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real-human



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PostPosted: Fri Aug 16, 2019 2:30 pm    Post subject: Reply with quote

https://news.yahoo.com/us-industrial-output-fell-0-131553634.html

US industrial output fell 0.2% in July as factories struggle

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real-human



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PostPosted: Thu Aug 22, 2019 10:47 pm    Post subject: Reply with quote

https://news.yahoo.com/m/63450b8b-f5f7-3d51-953d-0f93ce34803d/u.s.-created-501%2C000-fewer.html

U.S. created 501,000 fewer jobs since 2018 than previously reported, new figures show

Quote:
Turns out hiring wasn't nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. The newly revised figures indicate the economy didn't get a huge boost last year from President Trump's tax cuts and higher federal spending.

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real-human



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PostPosted: Fri Aug 30, 2019 10:17 pm    Post subject: Reply with quote

https://news.yahoo.com/trump-slams-gm-u-workforce-133429165.html

Trump Slams GM as U.S. Workforce Shrinks to Detroit’s Smallest Automaker

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real-human



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PostPosted: Wed Sep 11, 2019 11:59 pm    Post subject: Reply with quote

http://www.msnbc.com/rachel-maddow-show/after-decade-progress-us-uninsured-rate-grows-under-trump?cid=eml_mra_20190911

After a decade of progress, US uninsured rate grows under Trump
09/11/19 08:40 AM
By Steve Benen
Quote:
There were a wide variety of reasons health care reform advocates pushed for the Affordable Care Act a decade ago, but there was no secret about the top priority: the United States had one of the highest uninsured rates in the industrialized world, and reformers believed the ACA would make it better.

They were right. Once “Obamacare” was passed and implemented, the nation’s uninsured rate dropped to the lowest point on record. The law set out to achieve a specific goal and it succeeded.

And then Donald Trump took office and his team went to work.

The number of Americans without health insurance edged up in 2018 – the first evidence from the government that coverage gains from President Barack Obama’s health care plan might be eroding under President Donald Trump.

An estimated 27.5 million people, 8.5% of the population, went without health insurance in 2018. That was an increase of 1.9 million uninsured people, or 0.5 percentage point…. Though the increase in the number of uninsured Americans last year was modest, it could be a turning point, the first real sign that coverage gains under Obama could be at least partly reversed.

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vientomas



Joined: 25 Apr 2000
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PostPosted: Thu Sep 12, 2019 7:42 pm    Post subject: Reply with quote

The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday.

The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion.
President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits.
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