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doc03

(35,344 posts)
Tue Jan 16, 2018, 12:28 AM Jan 2018

Does anyone else have this worry? I know the polls

indicate this is going to be a big blue wave year. First of all the economy is doing great I heard a prediction that the
unemployment rate may hit 3.5 % by November, the lowest in decades. Second the stock market is going up and up. Third most people
will see a few extra dollars on their pay checks from the raid on the treasury. We all know tRump inherited this economy but to the average person that isn't a political junkie like us will give the person in office the credit. Like they say it's the economy stupid.
So I think barring an economic meltdown or some other catastrophic event I don't think we will get anywhere near the gains we a hoping for. I hope the hell I am 100% wrong.

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brush

(53,784 posts)
1. There was a thread earlier today on Ryan crowing about the bonuses...
Tue Jan 16, 2018, 12:34 AM
Jan 2018

being given by corps because of the tax scam passing.

The thread added something Ryan failed to mention— the thousands of lay offs many of those companies are also "gifting" to employees.

Repug admins always lead to recessions because of their policies that only favor the rich, not the 99%.

Right now we're just riding the tail end of the Obama recovery. It won't last.

doc03

(35,344 posts)
2. My fear is it will last at least to election day. Like where I live, the state of Ohio
Tue Jan 16, 2018, 12:43 AM
Jan 2018

has an unemployment rate below the national average for the first time in years.. Our Republican congressman can't lose with the
way they have the district gerrymandered.

John Fante

(3,479 posts)
3. The unemployment rate was at 4.4% in November 2006.
Tue Jan 16, 2018, 12:46 AM
Jan 2018

Democrats crushed the Cons in the election held that month. The economy is important, but as 2006 showed, other factors (like a disastrous war of choice) can strongly influence the outcome of an election.

Republicans are so unpopular right now, even their tax cut shows wide disapproval. Gump is so toxic, he endorsed two candidates in Alabama and they both lost.

More Americans credit Obama for the current economy anyway - the only idiots who think Gump magically saved the day would never vote Dem in a million years. Screw them.

doc03

(35,344 posts)
4. As of today we don't have any disastrous war of choice and there is
Tue Jan 16, 2018, 12:51 AM
Jan 2018

some indication that the tough talk with Korea may actually work.

John Fante

(3,479 posts)
5. Except that we're closer to war with NK than ever before.
Tue Jan 16, 2018, 01:03 AM
Jan 2018

Even Russia is laughing at Trump over his handling of NK.

We have a bigly unpopular, incompetent, racist in the WH. People aren't suddenly going to forget that between now and November.

But who knows? Maybe his approval ratings will magically shoot up to 80% and he'll spearhead world peace. Hooray despondency!

ChoppinBroccoli

(3,784 posts)
6. I Look At It Completely Differently
Tue Jan 16, 2018, 01:06 AM
Jan 2018

My main worry is that the Russian hacking and voter suppression will blunt the blue wave. However, if you're thinking this is going to be a regular mid-term election based on issues, I think you're going to be wrong. It will be a straight referendum on the president, and he's every bit as unpopular as ever. Plus, we've got the Wild Card waiting to be played. I'm guessing at some point this year (hopefully sometime in October--LOL), the results of the Mueller investigation will come down. A bombshell like that is going to make every other issue people usually consider when voting irrelevant.

Besides, I've heard from a lot of economists that what we're experiencing right now is a "bubble" and it's going to burst pretty soon. I have no faith that the moron-in-chief can keep the economy moving until November. Trickle-down economics ALWAYS ends in disaster. Always. 100% of the time.

doc03

(35,344 posts)
7. I sure hope something comes of the Mueller investigation. I also agree there is a
Tue Jan 16, 2018, 01:56 AM
Jan 2018

bubble in the markets and we are way overdue a major market drop but I don't think it is going to happen this soon.
I sure hope everyone is right about the upcoming election. But in 2016 when myself and many others on DU were ridiculed and
told we have this in the bag and your concern is noted it turned out we were right.

 

Lurks Often

(5,455 posts)
9. I think it is way too early for the polls to accurately predict the 2018 elections
Tue Jan 16, 2018, 09:03 AM
Jan 2018

It is just under 10 months until the election and a lot can change between now and then.

Also Trump is going to get the credit for the lower unemployment rate, the economy doing well and the increase in the paychecks for the average person. It doesn't matter if he had nothing to do with the first 2, he'll get the credit, that's just how things are.

With the caveat that we are too far away to make accurate predictions, my guess is we lose a couple of seats in the Senate, make gains in the House, although maybe not enough to change control.

crazycatlady

(4,492 posts)
10. People in high COL blue states are PISSED
Tue Jan 16, 2018, 09:05 AM
Jan 2018

A few extra dollars in their paycheck won't make a difference when they can't deduct their property taxes.

moondust

(19,991 posts)
13. Well,
Tue Jan 16, 2018, 06:09 PM
Jan 2018

only 50% of Americans own any stocks; the 1% probably owns the vast majority. The current stock market bubble may not be sustainable.

I'd guess the midterms will be a referendum on Drumpf. A persistent approval rating of only ~35% for a year shows he is not gaining support (if you believe the polls).

Many who didn't vote and others who simply voted against "more of the same"--not really knowing what Drumpf was about--may have realized by now that there needs to be a strong check on his powers.

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