MAGAnomics: Jobless Claims in U.S. Lowest Level Since 1969 – As Predicted POTUS Trump Focused on Workforce Development…

Begin, with the end in mind….  More than two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within the overall discussion we walked through the anticipated changes possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policy ahead of Wall Street policy (the past 30+ years).  Today is the two year anniversary of that MAGAnomic prediction.

We discussed the new dimension that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of policy shifted. CTH outlined statistical and measurable KPI’s that would become visible in the space between the policy shifts:

July 2016 – […] The demand for labor increases, and as a consequence so too does the U.S. wage rate which has been stagnant (or non-existent) for the past three decades.

As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve. More money into the U.S Treasury and less dependence on welfare programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar. That is how the SSI and safety net programs are saved under President Trump. (link)

So let’s take a look at the measurable KPI’s via the Labor Department and the Federal Reserve (beige book) today in 2018:

“Unemployment lines across the U.S. last week were the shortest since December 1969, according to a Labor Department report Thursday that showed an unexpected drop in filings for jobless benefits. […] The Federal Reserve’s Beige Book, released Wednesday, showed momentum is building in the nation’s job market. “All districts reported that labor markets were tight and many said that the inability to find workers constrained growth,” it said.”  (read more)

(Full Labor Report PDF Here)

In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week’s revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000.

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This entry was posted in Economy, Election 2018, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

184 Responses to MAGAnomics: Jobless Claims in U.S. Lowest Level Since 1969 – As Predicted POTUS Trump Focused on Workforce Development…

  1. fanbeav says:

    The democrats will say – “thanks Obama”. What an outright lie! Republicans better have some good campaign ads this November!

    Liked by 13 people

    • Striker Dad says:

      I love that bottom bracket showing an increase of 211 more federal employees filing jobless claims. Thank you, President Trump. Let’s see the jobless claims of federal employees skyrocket!

      Liked by 23 people

    • dayallaxeded says:

      Never before (at least not in modern times) has there been a presidential administration that could rightly take credit for economic changes during its first term, let alone in its first year. The USA’s economy is simply too large a ship to turn that quickly–that is, unless there had been massive withholding/storing up of capital and capacity in prior years, due to oppressive regulation and other economic disincentives to invest and grow. I see no other explanation for what has happened in the last year and a half. The USA economy was running dead slow on one prop out of 4. VSGPDJT started opening the throttle on the campaign trail and continues to pour it on! Anyone else for skiing?!

      Liked by 23 people

      • wolfmoon1776 says:

        Great point. AMAZING point.

        Liked by 8 people

      • FerdinandAkin says:

        RUN FLANK! Ignore cavitation.

        Liked by 3 people

      • lokiscout says:

        dayallaxeded
        “The USA’s economy is simply too large a ship to turn that quickly–that is, unless there had been massive withholding/storing up of capital and capacity in prior years, due to oppressive regulation and other economic disincentives to invest and grow.”

        You should work for SD! That one sentence captures what Sundance has been discussing in detail in his series of excellently written posts over the past 2+ years. No disrespect for our Founder and Mentor Sundance whose articles include the how and why of MAGAnomics. But our fellow poster “dayallaxeded” has distilled the what caused the sudden turn around to the decades old downturn of the US Economy capped off by the last eight years of the strangling Obama years.

        Money, sitting on the sidelines with no place and no motivation to invest! Nine to Eleven Trillion flooded into Wall Street and I suggest much more than that has been, is being and in the future building/planning stages as we speak.

        Thank you, dayallaxeded, for the post of the day and then some!

        Liked by 4 people

        • TarsTarkas says:

          No one wanted to spend capital for fear of getting hit with some retroactive tax, or be accused of being anti-environment, or worst of all, seeking PROFIT. Then we were accused of being hoarders and proposals were made to force us to spend our ‘ill-gotten’ gains (see this column http://www.dollarsandsense.org/archives/2013/0613reuss.html for an example). Everyone expected more of the same if not worse under a HRC regime. The sigh of unbelievable relief the morning of 9 November 2016 (I didn’t watch any of the election results, I was so sure we were in for more leftist BS and didn’t want to get more depressed) was palpable. Almost immediately people at work and customers had a better attitude and a new spring to their step, didn’t feel like they had to watch what they said around the office liberal, We felt like we had a future to look forward to. Felt like we could take chances, invest in equipment and equipment upgrades, be willing to hire and train. Lead times on material suck, but better that than scrambling for work and wondering when the next order would come in, if it did.

          Liked by 5 people

        • dayallaxeded says:

          TY, but y’all give me way too much credit. It’s easy if you’re old enough or just know history to have perspective, and to kinda see this and know this is what’s happening, but to PROVE it, you need SD and other Treepers!

          As I said on the earlier economics thread, TY SD for the bestest, most beautifulest “I TOLD YOU SO!” I’ve ever seen/heard. Please keep telling us, “I TOLD YOU SO!” about VSGPDJT! Again! And again!

          Liked by 2 people

      • jbrickley says:

        Trump is laying the groundwork for installing hydrofoils on that large ship and installing 10 Pratt & Whitney F100-PW-229 EEP Turbofans (F-15E & F-16 Fighter engines – 29,160 pounds-force with afterburner). The ship will not only turn on a dime, but it will lift out of the water on the foils and go like a rocket.

        Liked by 1 person

    • Koot Katmando says:

      Only the kool aid drinkers will buy that.

      Liked by 1 person

    • Carrie2 says:

      fanbeav, all the republicans have to do is listen to some of the stupid words of the DNC/Clintons, etc. and then turn it around. i.e., Strong together = communism so Communism by being Strong together?, and so much more of their lying drivel can be turned against them. That would be fun!

      Liked by 1 person

  2. Nigella says:

    The economy, not Russia is what the American people care about..

    Liked by 19 people

    • Orville R. Bacher says:

      Every person moved from tax-consuming welfare and onto tax-paying private payrolls, is the classic, “the whole is greater than the sum of it’s parts” economic success story.
      We need Trump to keep this nation healing from the insidious wounds from American traitors on the payroll of China. The Clintons being the Poster Children of the Sell-out of America, but China directly and indirectly pay plenty of RINO’s also.

      Liked by 8 people

  3. LBB says:

    Wouldn’t the 207K number be better in 2018 with population of 330 million vs 1969 with pop. of 202 million ? My brain says yes.

    Liked by 9 people

    • lokiscout says:

      Percentage wise absolutely but that requires math and…..you know! Talking about it in absolutes (total populations) is mind blowing to me. Also, absolutes make it a bit more personal as in, “It’s a Recession unless you are one of the ones without a job then it’s a Depression.”

      As percentages:
      1969
      207,000 = 0.102% of the 202 million population.
      2018
      207,000 = 0.063% 0f the total 330 million population

      Better to look at the absolutes and point out how long it has been that low. Better story/more impact.

      Liked by 5 people

  4. sundance says:

    Normal world perspectives.

    [Media presents bizarro world. This is Normalville]

    Liked by 39 people

    • Orygun says:

      I must be living in an alternate reality because I watched the entire conference with Putin and I still don’t see anything wrong with President Trump’s remarks.

      Our IC in partnership with the lying Media has been hiding the truth from the citizens of this country for decades. The JFK murder was an insult to anyone paying the least bit of attention at the time.

      The media is once again making the telling of the truth a crime along with their enablers in the so called “government”.

      Liked by 30 people

      • MM says:

        Ben Rhodes and company trying to create their famous echo chamber and they are relying on the stupidity of the American people.(Gruber)

        Liked by 7 people

      • joeknuckles says:

        That’s because there was nothing wrong with it. The outrage was planned ahead of time. Any conservative who goes along with the “he made a mistake” BS is a fool.

        Liked by 14 people

      • mimbler says:

        I agree. This is an increasingly common media tactic. They “digest” the news and tell us what to think about it. I this case they are telling us “treasonous press conference with Putin”
        But you are 100 percent correct: There was nothing troubling at all in that press conference. But the Big Lie repeated often enough has the American people (99.9 percent who did not watch the press conference) “knowing” that something bad went on in the conference.

        Liked by 3 people

      • Bo says:

        Origin,

        Your post is dead on point.

        I watched it last night again to see if I missed something. He was fine.

        There is a reason for their reaction going into that meeting and after. Going into that meeting, the ilk said he shouldn’t go. Now after the meeting they are acting identical to my grandson. He’s 3 1/2.

        The reason is obvious:

        $400,000,000 of illegal money was given to the Hillary Clinton campaign as conformed by Putin.

        In a normal world, this would be THE ONLY story deserving wall to wall coverage.

        And can someone explain why no one is talking about this at all, let alone authorities doing something about it? The so called conservative media is dead silent on it also.

        Why?

        Liked by 8 people

        • MM says:

          #FakeOutrage

          Liked by 3 people

        • lokiscout says:

          “Putin Lies!” That’s all I hear. Of course I heard the same thing about President Trump from MSM for months. Still do from the Snowflakes I encounter until I as them to name three lies he has told and wont listen to hubris or BS but insist they answer my question. Then Crickets!

          Liked by 4 people

        • Critical Mass says:

          Well said Bo. You raise searching questions and make very interesting points. It is my observation that Deep Staters and swamp creatures thrive in an atmosphere of mistrust, subterfuge and confusion. It gives them a warped sense of power. They then become addicted to that power, and therein lies their downfall. Their addiction blinds them to reality and their impending doom. They have to pull out all stops now to create friction between President Trump and President Putin. Many people are misreading this as an attack on Trump, but it is more than that. In the twisted way of thinking of the swamp, a rapprochement between Trump and Putin must be prevented at all costs, since cooperation between the two countries will also entail the sharing of intelligence. There are dirty secrets and dirty players on both sides, but their days are numbered.

          Ugly and all as it is, it is probably a good thing to see this unhinged behavior on full display for all Americans and millions of people around the world to see. It also allows revelations about the true colors of those who have managed thus far to stay under the radar, such as Dan Coates and Heather Nauert from the State Department. Not only did those two show where their allegiances lie, but they also subverted the chain of command by contradicting their duly elected President and duly appointed Secretary of State in public and on record. Fools!

          As for your point about Hillary, Browder and the $400M. Think about the ramifications of that! Putin landed a bombshell in a highly publicized press conference, with tacit affirmation from Trump. Firstly, it is extremely rare for a world leader to call out citizens from another country for criminal behavior in such a direct and specific way. Secondly, it leads the way for leaders of other countries to make similar revelations, of which there are probably many. From now on, whether Hillary is prosecuted or not, she is toast. She is radioactive now (so to speak), and no one will go near her with a ten foot barge pole.

          If you follow this line of thinking, it becomes clear why Deep State players and the media are in such a frenzy to deflect attention away from Putin’s bombshell. Whatever you think of Putin, it took a great deal of courage to say what he did. Watch the attempts to demonize and smear Putin that are likely to follow.

          Who knows? I could be terribly wrong. All I know to the depths of my being is that good always prevails. Think of the Nazis at the end of World War II when they became increasingly brutal and chaotic. There will always be evil forces in the world who will gain ascendancy for a time. But goodness in the human spirit can only ever take so much abuse and assault, and will always push back. Thus it has been, and thus it always will be.

          Like

      • Maybe a little tired, that’s all.

        Liked by 1 person

      • Critical Mass says:

        If you are living in an alternate reality, Orygun, it is one that millions of other people inhabit, including myself. Like yourself, I also watched the video of the press conference several times, as well as reading a transcript and researching context and historical background on any specific details or names mentioned by President Trump and President Putin. This is not to make claims for being an expert in any way, but rather to show that I took the trouble be be informed. I did this for a few reasons:

        1. To be ahead of the curve when the inevitable barrage of media codswallop was unleashed.
        2. To be able to gauge the verbal effluent of politicians and swamp creatures against actuality and the benchmark of historical perspective.
        3. To gain some insight into the motives of the various players in the public caterwauling that followed.
        4. To be alert to sightings of noxious vapors emanating from denizens of the swamp hitherto undetected who were startled into emerging their heads above the ooze.

        Like I say, I am no expert, but without hesitation, I back your observations to the hilt.

        Be prepared for upcoming Deep State blockbusters!

        Like

    • Dennis Leonard says:

      What is interesting is how many of those people are treepers,it was like they were saying everything we and Sundance say here.The message is getting out.

      Liked by 5 people

    • starfcker says:

      That’s better than a Frank Luntz Focus Group

      Liked by 4 people

    • redline says:

      In September or October, for the first time *ever* in American history, I believe we’ll see a total of over 150 million non-farm employees.

      MAGA!

      Liked by 1 person

  5. Publius2016 says:

    tax cut 2.0 coming soon…if theyd pass a real Merit based immigration bill with real eVerify, we’d see 3.5% unemployment!

    Liked by 14 people

  6. Unknownsailor says:

    What is the labor force participation rate?

    That is the important figure, as Labor department unemployment figures depend on people actually looking for work. Labor participation rate hit and maintained a historic low during most of Obama’s two terms, and was the key to the dropping unemployment numbers that happened in the latter part of his administration. People dropped out of the labor market as they lost unemployment benefits rather than keep looking.

    The figures you are using are the U3 figures, which is what everyone likes to concentrate on, but expand your concentration to the U6 numbers, which include people working in lower paying jobs that want to work in higher paying jobs they would normally qualify for but cant find.

    Yes, these numbers are good, but there is a lot more going on.

    Liked by 5 people

    • Giant Ground Sloth says:

      Very good point. U3 can be a very misleading indicator of unemployment. President Trump actually talked about this during the campaign. The official unemployment rate should be U5.

      https://en.wikipedia.org/wiki/Unemployment#United_States_Bureau_of_Labor_statistics

      Liked by 1 person

    • Octavia says:

      If you are into labor force data like I am please find the most recent data from Advisor perspectives below:

      Labor Force Participation Rate
      https://www.advisorperspectives.com/dshort/updates/2018/05/09/u-s-workforce-recovery

      Trends in teenage workforce, employment by age group, job openings and labor turnover can also be found at Advisor Perspectives. Charts of data not found by FED and FINRA can also be found there. Charts prepared by Dave short and Jill Mislinski. The unemployment rate does not include the long term unemployed.

      Liked by 4 people

      • frangelica1 says:

        Yes, the typical used unemployment figures do not include the long term unemployed like myself from the recession – even if a high level technical engineering and oil business professional like myself – most companies frown on even giving interviews to older workers that have much to offer a company.

        I may just have to check out the new program for construction jobs!

        Like

        • Octavia says:

          frangelica1 you have hit the nail on the head. I myself am an older unemployed Electrical Engineer who was frowned on. From what I found health care costs double for an a older person than a young person. Would have liked your post if I could, don’t know why it is not working. It is all good!

          Liked by 1 person

          • frangelica1 says:

            Thank you for the reply! Yes – I used to get so mad that Obama used the typical UE figures to say how his administration was helping the American worker, when in actuality, The numbers were getting worse because so many of us were dropped from Unemployment and no longer being counted! Wish President Trump would give an incentive for the Corporations to hire back us older workers they laid off. People always find it hard to believe that I couldn’t find a job in my field with Chemical engineering degree and a civil engineering degree with a 2/3rds completed Masters in civil and a professional engineering license I earned. Sad to say but our group are the forgotten ones that were unemployed during the recession. I now know how to shovel gravel real good and operate a bobcat and the Mexican illegals walking down the street always give me a thumbs up when they see how hard I am working!

            Like

    • G. Combs says:

      It was Clinton that changed things so long term unemployed vanished into the ether. (Useful to hide that you soldout the USA so your wife gets a shot at the White House.)

      SEE: http://www.shadowstats.com/article/primers_intro

      Liked by 1 person

    • GB Bari says:

      You are right!

      I have watched the shell game played with Unemployment Statistics for decades and it is hogwash, pure unadulterated hogwash.

      You’re either employed or not. If you’re on Unemployment, then you’re unemployed, it doesn’t matter for how long! If you’re working 30 hours but need 40, you’re only 75% employed, or 25% unemployed. If you’re permanently disabled and unemployable then you’re removed from the chart. But if you’re disabled but still able to perform some tasks, you’re in the numbers – employed or unemployed.

      We should all demand that the fullest, most complete picture of Employment / Unemployment be provided as the official statistic. One that needs no qualification as to what it doesn’t include.

      Stop the numbers game.

      U6 is the closest metric to reality.

      Like

  7. L. Gee says:

    Thanks for posting this, along with your other excellent economic threads, Sundance. My eyes roll back in my head whenever I see numbers, so your wonderfully clear, entertaining, and encouraging explanations (using, WORDS–and a few numbers) mean all the world to me!!!

    Let me repeat what many others have thought and said: If you are teaching or ever decide to teach an economics course, sign me up! That’s one class I would never get bored in.

    Liked by 3 people

    • Minnie says:

      Hear, Hear 👍

      Economics and all things numerical are typically difficult for me to grasp.

      Sundance always breaks it down and removes the complexities.

      Always!

      Thank you, Sundance 🇺🇸

      Liked by 2 people

  8. Katie says:

    But I thought the communist from NY explained this? The numbers are low because everyone is working two jobs.

    *eye roll*

    I think Sundance needs to tutor her so she’ll finally learn a few things.

    Liked by 7 people

  9. woohoowee says:

    President Trump45 has been using his magic wand 😉

    Liked by 10 people

  10. TwoLaine says:

    Another YUGE Benefit = Less Protests & Protesters

    Just think, under The Kenyan, the only jobs available were for occupying, protests, and sit-ins. And I’m sure they weren’t paying anything more than minimum wage.

    Liked by 4 people

    • Your Tour Guide says:

      Too bad we can’t have the figures for Soros funded
      hires over the last few years. Hopefully, the numbers
      are going down as the $$$ are drying up.

      Liked by 3 people

    • webgirlpdx says:

      This is such outstanding news! Jobs are for the taking!
      As a matter of fact, the job market is so good that everyone has been about to pick 2 jobs! Yippee!!

      The world according to Alexandra…..

      Liked by 2 people

    • getfitnow says:

      “Just think, under The Kenyan, the only jobs available were for occupying, protests, and sit-ins. And I’m sure they weren’t paying anything more than minimum wage.”

      _____________________________

      “The Keyan’s” condescending response:

      Liked by 2 people

      • TwoLaine says:

        That’s what happens when you elect dumb clucks who have never created a job in their life or signed the front of a paycheck.

        What’s funny/not funny is that the guy told him what the problem was, permitting. REGS! So, what did he do? Piled on more regs than anyone in history, while also pulling a Wells Fargo on Americans by killing their health insurance that they liked, burdening them with with health insurance they couldn’t afford and didn’t like or want, and then taxing them for the privilege of not taking it.

        I said at dinner last week that his policies are all almost dead and that he will be known as the Cash for Clunkers President. I never saw anyone spend so much for so little.

        Liked by 1 person

    • G. Combs says:

      Oh yes they were!!!
      When they were advertizing for Seabrook Nuclear plant protesters in the mid 80s they paid $10 an hour. (I was job hunting and saw the ads in the Boston Globe.)

      Louder with Crowder went undercover to get a job at CalPIRG.

      http://americanpowerblog.blogspot.com/2009/08/steven-crowder-on-calpirg-astroturfing.html

      (Hope the link still works. It was a hilarious video.)

      Liked by 1 person

  11. Exfiltration of Wealth says:

    I’ve said it before: the political insight draws the intellectually curious mind to the Treehouse, but it’s the lazer focused economic info, packaged in understandable and clear language laying out unvarnished truths, that keeps me firmly rooted to my branch.

    Liked by 9 people

  12. allhail2 says:

    Cryin’ Chuck and the San Fran Screecher will be issuing a statement later today that the Democrats are going to fight this to ensure that no one will have a job……………to save our democracy. /s

    Liked by 8 people

  13. Mark McQueen says:

    Just a reminder as to why Congressional elections are critical. The “old guard” in Govt. needs to be flushed top to bottom. Congress will find a way to spend extra money needlessly unless they are checked. We have to have a reasonable budget. Those current in place have apparently don’t think so. Show them the exits.

    Liked by 6 people

  14. 6x47 says:

    The next stunt for the GOP to pull on the Democrats after yesterday’s “Abolish ICE/Stand With ICE” vote?

    Let the Democrats talk poison about how the Trump Tax Cut for individuals is set to expire, then call a special session of Congress to vote on making them permanent. Another opportunity to let the Demoncats show the voters who they truly are.

    Liked by 4 people

  15. wolfmoon1776 says:

    Mulvaney Merger of DoEd and DoL in 3…. 2…. 1…. GENIUS

    These people know exactly what they’re doing.

    This is Synergistic Domestic Realpolitic on a MASSIVE SCALE.

    Nixon’s economic flailing – Ford’s bumbling – Carter’s incompetence – Reagan’s sabotaged freedom breather – Bush’s betrayal of Reaganomics – Beelzebubba’s “surrender dividend” and faked recovery – W’s war on a credit card – Obama’s Cloward-Piven treachery – all of it dust in the wind.

    THIS – MAGAnomics – is how to run a country.

    Thomas Wictor is right. Trump is the most revolutionary President of all.

    Liked by 11 people

    • Mark McQueen says:

      Kind of sad that back to basic, sound economic policy is revolutionary.

      Liked by 11 people

    • Your Tour Guide says:

      Left out 1986’s screw the little guy insanity. No more
      deductions for credit card debt, no more depreciation
      on buildings ( small scale landlord’s saving grace for
      years).

      Liked by 2 people

      • wolfmoon1776 says:

        NOTE TO KAG! – please bookmark ^^^^THIS post. No “second term globalist sellout” shall be allowed into KAG! NADA!!!

        Liked by 2 people

      • Mark McQueen says:

        I remember that well. Weren’t home mortgages included?

        Liked by 1 person

        • lokiscout says:

          Primary residences weren’t but for the first time Social Security was taxed. Remember my Father-in-Law complaining about that piece. Now I know what he was talking about!

          Liked by 1 person

          • Mark McQueen says:

            I hear ya. There was something changed in the tax code that affected deductions we were taking at the time. We were def. lower middle class. They raised the income threshold for something to do with home ownership. Lol, maybe I don’t remember it that well.

            Like

            • lokiscout says:

              I hear ya about memory! Thing that hit me hard was credit card and personal loan interest deduction. This was early enough in my career and a wife and two youngsters that we still had a lot of short term high interest debt so yes it sucked!

              Looks like this time around I will dodge the bullet on Local Real Estate Taxes and interest deduction on my last remaining mortgage. Glad since that’s about all I have to deduct anymore. Sorry to lose the Cal. State Income Tax deduction but I got a nice pop in my Pension due to the reduced personal exemption that more than makes up for it.
              Thanks President Trump!

              Liked by 1 person

              • Mark McQueen says:

                I’m pretty sure the various changes in loan and CC interest deductions is what I’m remembering. I actually got a refund from IRS this year. That hadn’t happened the past 5 at least.

                Liked by 1 person

    • dayallaxeded says:

      It always chaps my azz when some douche Demonrat sanctimoniously crows about the “great economy” Bubba Klintoon had during his terms. That “great economy” was 100% the benefit of Reagan’s economics and foreign policy achievements, albeit slightly blunted by Poopy Boosh’s lying lips and bad trade deals. Klintoon did nothing to generate positive economic growth in the private sector; indeed, had the Contract with America CONgress not held the line at least for a little while, Bubba would’ve used and abused the USA economy into recession well before the end of his 2nd term. That’s just how f’n great the Reagan economy was–it not only reversed the negatives of LBJ through Catarrh, but then bankrolled the massive abuses of Boosh, Klintoon, and would’ve kept Shrub in semi-high cotton, had 9/11 et seq. not happened.

      Liked by 3 people

      • lokiscout says:

        Spot on again, my friend!

        Like

      • G. Combs says:

        Excuse me but that is a LOAD OF BULL FECES!

        Reagan sold off DEBT FREE American companies to the Banksters and foreign investors via leveraged buyouts.
        http://www.econlib.org/library/Enc1/TakeoversandLeveragedBuyouts.html

        America has been quietly sold off piece by piece ever since. This is a sampling of the industries with over 50% foreign ownership, according to Source Watch http://www.sourcewatch.org/index.php?title=Foreign_ownership_of_U.S._corporations

        * Sound recording industries – 97%
        * Commodity contracts dealing and brokerage – 79%
        * Motion picture and sound recording industries – 75%
        * Metal ore mining – 65%
        * Wineries and distilleries – 64%
        * Database, directory, Book and other publishers – 63%
        * Cement, concrete, lime, and gypsum product – 62%
        * Engine, turbine and power transmission equipment – 57%
        * Rubber product – 53%
        * Nonmetallic mineral product manufacturing – 53%
        * Plastics and rubber products manufacturing – 52%
        * Other insurance related activities – 51%
        * Boiler, tank, and shipping container – 50%
        * Glass and glass product – 48%
        * Coal mining – 48%

        Statistics (courtesy of Bridgewater) showed by 1990, Foreign ownership of U.S. assets amounted to 33% of U.S. GDP. By 2002 this had increased to over 70% of U.S. GDP. http://www.fame.org/HTM/greg%20Pickup%201%2010%2003%20report.htm

        Then there was this: https://www.sott.net/article/232087-Social-Security-Scam-Where-Did-the-2-5-Trillion-Surplus-Go

        Like

        • GB Bari says:

          Nope. That argument is straight out of the Democrap playbook.

          1983 Tax cuts “for the rich” did not come from looting SSA. That’s a Democrat Big Lie.

          Excessive, uncontrolled spending is what depleted the SSA fund. Including SSA funds in the general fund and then pissing it away on pork and expanded welfare entitlements, farm subsidies, corporate subsidies, unproductive foreign aid, lining politicians pockets is what depleted the surplus.

          Tax cuts merely reduce government revenues. They don’t “spend” government money. Our earned money kept in our pockets is not the government’s to spend until they take it from us.

          Blame the spendthrifts in Congress for passing tax cuts and then stopping with only half of the equation fulfilled.

          Balance the Budget.

          Liked by 1 person

          • G. Combs says:

            GB Bari, Thanks for that info. Another treeper put it up recently and I wasn’t sure about it. I thought it was Clinton who raided SS.

            Reagan did take laissez Faire to the point of not using anti-monopoly laws when he should have. I really do not think he was nearly as economically savvy as President Trump so he was much easier for the Banksters to dupe.

            The banksters swapped useless fiat bank script for REAL Wealth via these leveraged buyouts. Now we find them in control of our corporations.

            The paper The network of global corporate control by Stefania Vitali , James B. Glattfelder, and Stefano Battiston, shows the strings attached from the financial sector to the corporations. And by now, thanks to Trump everyone should be aware of the money strings on our politicians. One point the paper does not mentioned is mutual funds, trusts and pension plans.

            If you invest in a mutual fund you are buying shares in the mutual fund (that you can not vote) and the Mutual Fund then uses YOUR money to buy stock shares which it owns and controls. This allows much more consolidation of control. For example Edward C Johnson 3rd, chairman of the Fidelity Group votes the stock in Monsanto owned by several pension and mutual funds like FMR LLC, FIDELITY MAGELLAN FUND INC, FIDELITY GROWTH COMPANY FUND, and Pyramis Global Advisors. The vanguard Group, aka John C. Bogle, owns another healthy chunk of Monsanto. In this way even more power is concentrated in the hands of a few. This explains the point made in the paper that the amount of power is greater than the amount of wealth can account for.

            So facts like “85% of Monsanto is held by mutual funds and Institutional (financial) Holders” while true in that the money originated from pensioners and other little people, it does not tell the whole story. Yet it is trumpeted by those who want to confuse those trying to follow the money and power trails and misdirect us into thinking the stock is held and voted by pensioners – a complete and utter falsehood.

            The article Financial Core of the Transnational Corporate Class lists the top companies AND the officers running these corporations.

            …In this study, we decided to identify in detail the people on the boards of directors of the top ten asset management firms and the top ten most centralized corporations in the world. Because of overlaps, there is a total of thirteen firms, which collectively have 161 directors on their boards. We think that this group of 161 individuals represents the financial core of the world’s transnational capitalist class.

            They collectively manage $23.91 trillion in funds and operate in nearly every country in the world. They are the center of the financial capital that powers the global economic system. Western governments and international policy bodies work in the interests of this financial core to protect the free flow of capital investment anywhere in the world.

            Like

        • dayallaxeded says:

          I didn’t say Reagan was perfect and especially didn’t say that his trade or immigration policies were even good–they weren’t. On trade and immigration, imho, he wasn’t any better or worse than any of his predecessors, though somewhat better than any of his successors. That is, until VSGPDJT who is in a league by himself on trade, immigration, and most (maybe all) other economic issues. Significantly, Reagan didn’t sell or buyout anything that I know of; companies’ management and financiers did that. We weren’t a command economy then and still aren’t, by the grace of God. Anecdotally, I think offshoring was going on before Reagan (when did the Steel Belt start to become the Rust Belt?–early ’70s, iirc) and went on steroids after. During the late 70’s and early ’80s we watched USA auto manufacturing slide, while foreign manufacturing and sales, esp. Japanese, grew dramatically–all in motion before Reagan, though it did continue through his terms.

          Like

  16. Kate says:

    We learned from the Cabinet meeting yesterday many of the plans being instituted and (the best part) followed through to help our economy and the work trade, plus small businesses .
    I am thinking about the training to be given prisoners to be productive citizens and no longer takers.
    What a difference from the former president who had issued the release of so many without any kind of preparation, I wonder what the percentage is of those who have gone on to commit more crimes.
    This is just one of many plans this administration is working on which is asbsolutely mind boggling. We are not use to this kind of leadership and what a refreshing change.

    Liked by 8 people

  17. starfcker says:

    Old school economics, the way it was taught when I was in college. Get ready for 20 years of expansion without all the fake stuff, immigrants shopping at Walmart with EBT cards Etc

    Liked by 4 people

  18. White Apple says:

    My experience the prisoner issue is the most important issue. Eighty percent of the prison population could be categorized as non-violent. However, when they get out of prison the cards are so stacked against them it is almost impossible to go straight. Many who have been institutionalized find it easier to commit a crime and go back to prison.

    The new apprentice work program for prisoners is a godsend and potentially the best deterrent for future crime being committed for those with present no hope.

    Liked by 5 people

    • Mark McQueen says:

      I disagree for the most part. Fixing the “prison problem” from the back end has been tried and has failed. Dollars in vs. dollars out, it’s not very cost effective.

      Like

  19. Psycho Monkee says:

    We’re a small manufacturer in fly-over country. All (3) production lines are humming. Business is booming. We couldn’t find enough people so we turned to Labor Ready. You know, people who have difficulty finding employment, former welfare, limited education, etc. We’re teaching them new skills. It’s a beautiful thing. 🇺🇸MAGA🇺🇸

    Liked by 14 people

  20. Stormyeyes says:

    Does anyone know…has Q quit posting? Nothing since July 4th.?

    Liked by 1 person

    • mimbler says:

      Maybe all his booms got used up on the 4th? I certainly heard a lot at my house.

      Liked by 1 person

    • wolfmoon1776 says:

      Busy with the Russia trip – a military intelligence nightmare – that’s my top theory. However, the “lights out” display was them, I’m sure.

      They may be reorganizing, too. Reevaluate and freshen the psyop strategy. Maybe even go dark, if it’s for the best. They’re still there, I’m sure, but silence may be needed.

      Fun times!

      Liked by 4 people

  21. Avi says:

    Since there are 100 million more Americans since 1969, ii is even bigger news

    Liked by 2 people

  22. Reloader says:

    What. A. PRESIDENT.

    Liked by 1 person

  23. Landslide says:

    It really IS all about the economy. (Well….that and a few hundred other issues!) “People vote their pocket book” is going to carry us into victory in November & 2020. Hubby talked with a man in south Texas (near the border) who was the only person in his world who voted for Trump in 2016. He said that now all of his buddies are coming around to Trump because of the economy. If your life is made better, you begn to ask why. Then you just might start paying attention to who is responsible for that! 8 years of making America great is going to have decades of positive effects! I believe people’s work ethic will improve dramatically as well. Prayerfully, marriages and family life will be improving as well. The ripple effect covers many, many areas of our lives and culture. It is such a God-send. I am a happy, grateful camper!👍🏻🇺🇸👍🏻🇺🇸

    Liked by 2 people

    • Reloader says:

      And beyond those benefits of economics, work ethic and family: Americans might even start electing PRESIDENTS … REAL Presidents, once “the bar” is set so high. No More JERKS and Community Organizers, Sons of Dynasties, no half-baked Lightweights. AND NO COMMUNISTS.

      Liked by 2 people

  24. Deplore Able says:

    “In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week’s revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000.”

    In 1969, the civilian labor force of the USA was 80,000,000.
    Today, the civilian labor force of the USA is 162,000,000.

    Think of the ratios:
    1969: 202,000 claims/80,000,000 labor force
    2018: 207,000 claims/162,000,000 labor force

    On per capita basis, the new unemployment claims number today is about 50% better than in 1969.

    This economy is rockin’.

    Like

  25. Context for the 202,000 Claims in 1969:

    We were in the midst of a MASSIVE WARTIME ECONOMY plus the PEAK for draftee MILITARY MANPOWER during the VIETNAM WAR!

    Liked by 2 people

  26. StanH says:

    Thank you President Trump, you kick ass.

    Liked by 2 people

  27. carshop says:

    The unemployment number will go down by at least one because I have a job to start in one week! Yeah!

    Liked by 5 people

  28. Fools Gold says:

    Hallelujah to high school students having options starting in 7th grade such as business, financial, mechanical, electrical, electronics, computer science, robotics, presentation, design/3D modeling, and practical shop skills in all. I’d love it but ow days we don’t have teachers with any of those skill sets who eat on the u union ticket and therein lies part of the hold back. Couple that with democraps, cheap unskilled labor influx, treasonist socialism/communism, globalist new world order pukes at the highest levels of governments probably means American war of ideas will be ongoing until the next BO or HRC comes along and wins. Question is when that time comes along will conservative American constitutional loving patriots be willing to bear arms “again”.

    Sorry to sound like Debbie downer but even a optimism has its days.

    Liked by 1 person

    • lokiscout says:

      Know where you are coming from but there are pockets of sunshine. My Grandson starts High School this year and has been in the STEM program and Robotics the last two years. Loving it! You think this old Engineer Grandpa isn’t proud! I figure he is about 2 to 3 years ahead of where I was at his age both in Science and Math!

      Like

      • Fools Gold says:

        Always pockets of Sunshine. Trump is the brightest in my 61 years. As a fellow engineer with 4 grandchildren I’m sure your loving it. I have a Sr this year who wants to be a EE and don’t mind work. I’m lucky as well. All of mine are 4.0 students the others are 7th, 9th, 10th. My 7th grader announced 2 yeas ago she the wants to be an anesthesiologist. Hasn’t changed her mind yet. Says She likes the pay grade ha. After I told the 10th grader about Space Force he is think more about science. I swear he’s genius level and will graduate HS with an AS. All I know is he doesn’t want any part of writing software. Used to do some of that (test software) as well over my career but it never was my cup of tea. Avionics, air vehicle systems and propulsion testing was my life of joy away from the home. Happily retired early but Trump has me ambitious again!

        Liked by 1 person

        • SwampRatTerrier says:

          There was a movement to put working professionals in the high school and college classrooms. Did the (un)education unions and Obama kill that? It is sorely needed.

          Like

        • lokiscout says:

          My only concern with my Grandson is he writes(?) like a Dr! An hour after he lays the pencil down even he has trouble reading it.

          I keep telling his Mom and Dad nobody writes any more. Even in meetings everyone has their tablet they are taking notes on.

          Spent 13 years in Avionics myself before moving over to Spacecraft for 32+ years.
          By the time I retired Spacecraft Electronics had become rebranded as Avionics! Go figure.

          Know what you are saying about the President. I get the itch also but at 74 and out of “the business” since 2011 I guess I’ll let the kids like yourself have fun!

          Like

  29. Wingman says:

    All of this just increases my hatred for that Kenyan clown and his attempts to destroy MY country.

    Liked by 3 people

  30. American says:

    Yes, there is low turnover. However, millions and millions of Americans cannot find work that has sustainable income associated with it. RINO Pence, who supported open borders and non-reciprocal trade before Trump picked him, says there’s more jobs than Americans looking for work. He’s full of shit to say that. There’s not enough jobs paying a livable wage, that is a wage you can live off of. Part-time minimum wage jobs don’t pay that. Seal the borders and deport all illegals. End foreign importation of workers for a decade. Let’s drive up demand for American workers so organizations pay them what they need to live. That’s how you decrease disparity.

    Another problem is the deficit. Tax cuts are great but we need to compensate by putting more Americans to work and at work making more money. Why? Well, about 70% of all federal government revenue comes from personal income taxes. “Tariffs” or Value Added Taxes (VATS) on all foreign made goods and foreign services should be materially high enough to assist with that but also by themselves can help drive down the deficit too.

    Like

    • Nom de Blog says:

      If you live in a average cost place, there are lots of jobs that pay relatively little that can be used to support a person. If you live in a high cost area, many jobs will be insufficient to support a person. Economic mobility is key. Further, most people who make very little are at the beginning of their lifetime earnings curve or have a recent disruption in their employment.

      I agree that illegal aliens should not be allowed employment but disagree with some of your assumptions.

      Like

    • lokiscout says:

      I think President Trump is “on it”. In today’s pressor on his Jobs Training EO it was highlighted that pledges have been obtained from business, industry and unions to provide training, mentoring and apprenticeships for 4 million openings. Full range of jobs from Walmart “Associates” to Lockheed Martin, Northrop Grumman, Boeing and Raytheon Corp in Aerospace openings. This training will, as I understand it, be at company expense. Undoubtedly with Tax break and other incentives to the training organizations but 4 million people being trained in new higher paying marketable skills is amazing.

      There is more opportunity to succeed today in 2018 than there was in 1962 when I graduated from High School. And today we have a President that is taking every opportunity to provide more opportunity to the American Worker every day.

      American Industry is on the rebound today just short of Wartime build ups. If the guy driving the tractor makes more than picking strawberries then learn how to drive the tractor. If the guy in the packing shed makes more than driving the tractor learn what the guy in the packing shed does and take his place when he moves up or take the packing job opening in the plant across the street.

      Like

  31. BAM says:

    I was out and about today, and drove by the Bose limber mill just north of Everett Wa, off I-5 today. It has been there since later ’40s; and I remember at one time there was discussion of it closing. But the owner sold it to the employees, and it has been operational, although it seems it hasn’t been processing as much lumber as it used to. Today however, there was a LOT of lumber and logs, hadn’t seen that much for a long time! This is a link to some info about the mill, from an obit of one of the founders.
    https://www.heraldnet.com/news/mill-owner-norm-buse-respected-the-working-man-2/

    Like

  32. bsdetector4u says:

    Can you say, “the USA is in a course correction?” as in college courses.

    More VocTech Schooling
    More Trade Schooling
    More students getting good paying jobs with less debt resulting in
    Less Liberal Indoctrination Schooling

    Can you say, “Winning!”

    Liked by 3 people

    • lokiscout says:

      Yeah, I can say every darned one of them and have been advocating it for years! Ever since I got my start as an Electronics Technician back in 1964 after attending a two year Tech School. Went from $1.69 an hour (summer job ~$3200 per year) in a machine shop painting and cleaning chip trays in 1962 to $5200 a year salary in an Electronics Design Lab in 1964.

      The biggest reset that I see coming out of this is Business/Industry and Academia realizing the need for something other than 4 year degree types. Some of us like working with our hands and learning On the Job not in the classroom. Or if in the classroom then highly specialized training with again hands on practice. Oh, and by the way these dirty fingernailed “Blue Collar” types pay quite well. Won’t get rich but make a comfortable living.

      I was first skeptical then down right pissed about the “Service Economy” versus the Manufacturing and Products Economy that made this Country great. Maybe I am biased from being a hardware Technician and Engineer for 50 years.

      Actually heard some ditzy Gen x’er (expert/pundant) the other day on TV stating quite emphatically that the US was no longer a Manufacturing based economy but a Service Based Economy so all this talk about Trade imbalances and tariffs on products was just worthless political nonsense leading nowhere other than lost jobs and bad international relations.

      Rod, please let me out of the Twilight Zone!

      Like

  33. Nom de Blog says:

    Normally I don’t ask for help understanding these things, so I apologize in advance.

    Are these figures adjusted for population? Working age population? If not, this may be the lowest level ever recorded, on an adjusted basis.

    Like

    • Ellie says:

      These data are calculated simply based on people who are claiming their unemployment insurance. It’s self-reporting so there is no demographic associated with these statistics. However, if you click on the full report you can see it broken down by individual states.

      Like

    • lokiscout says:

      It is total persons receiving unemployment and total (men, women and children) population for the two years. Scan back over the comments some of us have translated that into percentages and also into percentages of estimated “Working Age” populations.

      Yes by all metrics we are in better shape (lower %) today than in 1969. Problem with working with the percentages is they are so tiny they look insignificant. Using the whole numbers is more impactful and meaningful(?).

      Take away isn’t the numbers it’s that the numbers of unemployed are decreasing. Good for them they are finding jobs. Good for the rest of us fewer of our tax dollars are needed to pay unemployment claims.

      Like

  34. TMonroe says:

    But Alexandria says everyone working multiple jobs and crazy hours — and actually wasn’t laughed out of the interview (sic) in which she said that…

    Like

  35. Ellie says:

    Someone may have already posted this, but this is how asinine the socialists are. The newbie socialist-in-democrat-disguise from NY says that unemployment rate is so low because people are working 2 jobs and working 80 hours a week – ahhhh – I really needed that laugh today!
    Schumer needs to grab her shovel before she digs a hole so deep the entire democrat party falls in it!
    https://www.breitbart.com/big-government/2018/07/18/socialist-ocasio-cortezs-false-claim-unemployment-low-because-everyone-has-two-jobs/

    Liked by 3 people

    • GB Bari says:

      Schumer needs to grab her shovel before she digs a hole so deep the entire democrat party falls in it!

      ROTFL….But SHHHHH…let them fall in it!

      THEN we shovel the dirt back in!

      Like

  36. zooamerica says:

    In 1969/1970 the total population of the United States was about 200 million people.

    https://www2.census.gov/library/publications/1969/compendia/statab/90ed/1969-02.pdf

    In 2018 the total population of the United States is about 326 million people, not counting at least 10 million (conservatively) illegal immigrants. Somewhere between 340-350 million, so let’s say 345 million people total live in America today.

    1969/170 America had 200 million people and 202,000 jobless claims.

    2018 America has 345 million people and 207,000 jobless claims.

    That’s over 70% population growth in 48 years!! and the jobless claims are almost identical.

    MAGA!

    Liked by 1 person

    • lokiscout says:

      Aren’t numbers fun!

      Like

      • G. Combs says:

        LOVE numbers. I took calculus, statistics and accounting even though I was a chemist. Came in REAL handy as a lab manager when we had to do zero based budgeting or I had to explain the really large expense in December to the head accountant. — 10% off year end sales plus avoiding the 2-5% price increase in the new year made stocking up on non-perishables a year ahead a good deal since I had the storage room. I never did have any trouble with the corporate accountants even on big items.

        Liked by 1 person

  37. 00Gonzo says:

    Managing the decline of America is so 2015!

    Like

  38. Daniel says:

    All too predictable. Bill Still reported he was consulted by the Trump campaign about currency policy among other things. It seemed then and seems now the president has some very specific focuses and among these are resetting certain balances. But before doing that, the country must be immunized against the international and central banks because it is THEIR policies which can do the most to damage this president. It is their actions alone which can tank the economy into a great depression.

    By ensuring main street is healthy and unemployment is low, whatever storm they might create has a better chance of survival. And based on the Still report’s reporting of his contact with the Trump campaign, there was talk of bringing back the greenback should any such central banking action take place.

    Like

  39. gohawks2015 says:

    MAGA inbound hot people. Well done POTUS. Keep fighting the good fight. We got you.

    Like

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