This, if anything, will blunt the Blue Wave.
More than two-thirds of Americans credit President Donald Trump for the country’s healthy economy, a new poll has revealed.
The CBS News poll, which was released on Sunday, shows a sharp partisan divide, with Republicans more likely to give the president positive reviews while Democrats and Independents are not as complimentary.
According to the survey, 35 per cent of Americans say Trump’s policies are ‘a great deal’ responsible for the economy.
Around the same number – 33 per cent – say the president’s policies are ‘somewhat’ responsible.
People have recency bias. Under Obama the GDP average growth was right around 2%. And all I heard was the Obama was holding back the recovery growth, etc. In 2017 the growth was about 2.6.
In order for ANY of Trumps financial analysis and predictions to come true, he needs at least 3% average per year. And so far in 2018 he is well below that and just about 2.3%. Otherwise he is putting us TRILLIONS more in debt.
We have seen nothing to prove yet that anything he has done will improve the growth. But, 2018 will be a good litmus test with the tax breaks he gave to corporations. We will see if those do anything to spur the economy or he will just continue to ride the Obama recovery… and take credit.
Fuel prices up 40+% up here, farm prices tanking. Not many folks in rural WI would agree with the “recovery” in the last year+.
Nord,
Farm prices are supply and demand. You want Trump to interfere with that (more than the federal government already does)?
You are exposing your socialism.
I trade futures from time to time, farm prices have been at these levels for 4-5 years now. I’m long corn on a spread, and it is doing well.
Corn, wheat and soybeans have been up for the year. which “farm prices” are you really bitching about?
Source: USDA
Milk II per 100wt April 2018 $14.03 (2009 $24.40)
Corn $4.025/bu April 2018 (2012 $8.025)
Soybeans $9.985/bu April 2018 ($17.581 2012)
Regular gas (5-21-2018) $2.879/gal. (1-20-17 $1.999/gal) Both at the local Shell station.
Source: Iowa State
Beef Utility $59.22/100# Dec 2017 ($117.91 Aug 2014)
Hogs $60.97/100# Dec 2017 ($117.63 Mar 2014)
It is typical for farmers to over-produce a given commodity until they go BK; this is a cycle which has been around for damn-near-ever. So they’re over-producing corn, beans, and milk? Surprise!!! Ask a farmer who’s been around for a few years how things looked for him in 1980 or so.
And $0.30/gallon gasoline in 1968 would be $2.20 now, BEFORE the tax increases, re-formulations (no lead, remember?) and mandatory farm-loving corn liquor additions.
Trucking costs are exploding .
Fewer truckers who can pass drug tests .
Electronic monitoring so no more keeping 2 sets of log books .
Truckers will get in line at a factory and leave after a phone call because they can make $500- $1000 more for a similar drive .
Nord,
You are such a dishonest liberal!
Picking prices at their peak up to nine years before Trump administration and blaming Trump for low prices!
2009 was a drought, hot year which curtailed milk production causing prices to go up. 2012 was a weather year for corn (drought) and it has been record bumper crops since then.
I’ll bite, how is bumper crop production Trunp’s fault????
Only a liberal would bitch about prosperity.
In Venezuela, those socialists force population to eat dogs, cats and rats.
Stay focused.
Smart farners can hedge their crop bets on all futures markets you name. If they are too dumb or lack motivation to do that, who’s fault is that?
No doubt the hurt is being put on farmers – it is not a pretty picture.
Looks like Net Farm Income peaked in 2013 and then began it’s downward slide after that. Hopefully the downward momentum of the trend line has leveled off starting in 2016.
https://www.fb.org/market-intel/net-farm-income-projected-to-drop-to-12-year-low
k:
So you don’t have an argument to defend your position and have to resort to name-calling. How big of you.
I included the price high points as a comparison. That is a commonly used method of explanation. I also used facts and provided sources. Note that I never used the words trump or fault. That is all on you.
I know lots of smart farmers, and most are pretty “conservative” by traditional standards. I’ll be talking with one tonight, and get his take on the markets. I won’t insult his intelligence by using hyperbole or alternative facts, so we will remain friends.
If everybody is prospering, why is walker spending billions of my kids and grandkids $$ on Foxconn? Shouldn’t the market decide? You know, the old supply and demand theory?
Nord,
I called your tactics dishonest which is driven by your dishonest personality.
You took an extreme shortage period for each commodity ( no matter what the timing) and compared it to today’s prices and dishonestly extrapolate the extremist pricing as “normal” pricing for farmers to receive.
That is the height of lying with statistics! Much of the pricing fall happened during Obama’s administration.
You ignored the ultimate point…why aren’t your farmer friends hedging on futures market?????
Why is their inaction to hedge their crop bets anyone’s fault but their own?
Typical of you, if you can’t disprove you disparage. But since you know everything about everything that isn’t unexpected.
And my farmer friends do work the market, but at the core they are the producer of those commodities. If prices fall and inputs rise you can only do so much. Just curious; have your dairy treat prices fallen commensurate with milk prices?
Why don’t you respond to fuel prices? Or why the state needs to subsidize Foxconn? Or any business for that matter?
Nord,
Can only do so much?
Hedging is the ultimate crop insurance against falling prices. The reason many do not want to do is: it limits upside, because hedging can have cost if prices take off in crop favor.
Today, Farmers are capable of hedging out, by selling a December 2019 and December 2020 corn contracts at a much better price than the nearby corn contract price. If prices fall, they make money on the contract. If prices rise, they have locked in the higher price today foregoing the higher possible price of tomorrow.
I suggest your friends take a course in hedging. Why is lack of decision on what to do about their crops today anybody’s fault but the farmer?
Gambling, by not hedging, is a decision for the farmer as well. They are risking that prices will be high when their crop is ready, whe prices are low, that is their gambling decision. Sometimes the dice comes up snake eyes.
I still fail to see how the prosperity of Trump is a problem here.
k:
I’ll ask my buddy tonight why he isn’t rich. Give me your phone number and maybe you can give him some advice. BTW, his calf operation alone is probably worth more than 10 of your DQ’s, but he must not be doing things right by your standards.
And while you hector on how smart you are and how everybody else isn’t, you won’t respond to the other questions. No smart answers?
Nord,
If your “friend” is so well off, why do you cry poor on his behalf?
Farmer focuses more on raising and harvesting crops than playing Wall Street with ag futures, gets burned by falling prices = farmer’s fault.
Know-it-all franchise owner gets creative with his business taxes, gets burned by not being quite as smart as he thinks he is = government’s fault.
k:
A smart guy like you should be able to figure that out.
Nord,
I’m genuinely curious.
You cried poor and the dire straights your friend was in because of prices, and that was, somehow, Trump’s fault.
Then you brag about your friend’s wealth relative to my fiscal status.
Which is it?
Are you arguing for Trump to provide welfare for your rich friends again?
Typical socialist.
I have enjoyed how foolish you have been on this thread.
Looks like prosperity isn’t for everyone.
https://urbanmilwaukee.com/2018/05/22/murphys-law-ceos-paid-1000-times-more-than-average-workers/?utm_source=Urban+Milwaukee+-+Murphy%27s+Law&utm_campaign=02423720b6-BM_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_002f2ae014-02423720b6-51395997
k:
Note once again that I haven’t used the words “trump” or “fault” That was all you bringing that up in this discussion.
I didn’t brag about my friends wealth, but rather pointed out that the value of the infrastructure of his operation is quite high. And nowhere did I ever suggest that trump provide welfare for farmers, so unlike the Foxconn dealt you are always crowing about. But keep making stuff up if it makes you feel better.
Nord,
With your link to the socialist class envy tripe, you are now done complaining about your rich farmer friends?
You also posted on a Trump economic celebration post and your comment was not meant to dump on Trump? Please, we know your agenda is liberal and anti-prosperity. You are only re-treading because I completely obliterated your “cry poor” argument for your now, admittedly, well off farmer friends.
Do you want to talk seriously about the low wage workers? I had 5 of $10/hour workers walk off the line this month, no call, no show, little work ethic, no loyalty, etc. If you want to talk wages, let’s talk about responsibility, and lack thereof, in a good chunk of the workforce.
k:
So do you dispute the data, or just the link?
Keep thing straight, you are getting yourself all confused. The only thing you have obliterated is whatever iota of credibility you had left.
It is up to you as the hiring authority to hire the best folks available and pay them accordingly. If $10/hr doesn’t get you reliable employees, that is on you.
I wonder if the remaining family farms are hedging their Bets as Kevin suggests .
I’m far less concerned about the corporate farms who have their representatives paid off .
It doesn’t sound very complicated and appears to be a money maker .
Maybe those family farmers could just get out of farming all together as they know more about costs for farm commodities than anyone else on this board.
if you could wake up at the same time each day , not milk cows or tend to crops and just make a few trades and go down to the local cafe with all the ex farmers , that would be a heaven on earth .
Nord,
I dispute the data, especially how it is presented.
It does not take into acount lack of effort, lack of responsibility, drug use, refusal to work, refusal to work when job requires, and a myraid of other factors that can limit pay.
k:
What is wrong with the way it was presented? What data do you have to counter? Or is your position based solely on your inability to hire good employees?
Nord,
I hire good emplyees, sometimes I hire bad employees.
I’m smart enough to know the bad employees do not deserve pay anywhere close to good employees.
To take your article seriously, we have to believe bad employees are deserving of same rewards as good employees.
That is the height of immorality.