Talk:Donald Trump achievements: Economic policy and labor

Foxconn: include or not?

The recent news about the $10 billion Foxconn factory with 13,000 jobs[1][2][3][4][5][6] definitely is good news, but should we include it? My concern is that this is only an announcement and not much more. But, I am open to hearing from other editors about this. --1990'sguy (talk) 23:26, 1 August 2017 (EDT)

Foxconn will build another factory in Michigan: [7] This is definitely good news. --1990'sguy (talk) 15:17, 7 August 2017 (EDT)

Jobless claims at low streak not seen for 43 years

The last time the number of people receiving unemployment benefits was lower than 2 million for 16 weeks was in 1973/1974.[8] A good achievement. --1990'sguy (talk) 18:09, 3 August 2017 (EDT)

Jobless claims fell to 260,000 by the end of September 2017, a higher drop than expected: [9] Might be good to add to the article. --1990'sguy (talk) 11:40, 5 October 2017 (EDT)

Unemployment at record low

In September 2017, unemployment was at 4.2%, the lowest in 16 years -- this might be something we should add[10] (if the rate continues to fall, I'll use the later data. --1990'sguy (talk) 00:35, 7 October 2017 (EDT)

More economic statistics

The Bureau of Labor Statistics' October 2017 report appears to be a mixed bag, with unemployment lower than any point since December 2000 but with fewer jobs added during the month than expected.[11] See also: [12] --1990'sguy (talk) 23:09, 4 November 2017 (EDT)

More good news on unemployment claims: [13] --1990'sguy (talk) 10:50, 6 December 2017 (EST)

According to a CEO survey at the World Economic Forum meeting in Davos, CEOs are very confident about economic growth in the U.S.: [14] --1990'sguy (talk) 23:43, 23 January 2018 (EST)

According to this Fox News poll, more voters think the economy is doing well than in nearly 20 years: [15] --1990'sguy (talk) 18:46, 24 January 2018 (EST)

The stock market rose after Trump announced tariffs on solar energy and washing machine products: [16] --1990'sguy (talk) 22:23, 28 January 2018 (EST)

Good economic statistics for January 2018: [17][18][19][20] This may be something to add, but I'm not sure it's significant enough to do so. --1990'sguy (talk) 11:12, 2 February 2018 (EST)

Other good news

Because of Trump's solar tariffs, a large Chinese solar company will open a manufacturing plant in the U.S.: [21] It seems that liberal/globalist hysteria over the tariffs (which aren't even as harsh as expected) is all without merit. --1990'sguy (talk) 00:08, 5 February 2018 (EST)

Bloomberg misrepresented in a Breitbart article

For editors who have not followed User:1990'sguy to Andy's talk page, there are two different concepts being confused:

• Idea #1: 13-year record quarterly earnings - this means that if you look at quarterly earnings for the last 13 years, the most recently reported earnings are the highest for that company. (This has nothing to do with forecast or estimated earnings.)
• Idea #2: 13-year record quarterly earning season - this means that if you count the number of S&P 500 companies where their actual earnings for the quarter exceeded the estimated earnings projections for that same quarter for each company.

Bloomberg said idea #2. Breitbart then misread it and repeated it as idea #1. User:1990'sguy then summarized idea #1 and added it to the article.diff I then corrected it to reflect the Bloomberg article (idea #2) and the facts. diff Very few companies have reported "their best earnings in 13 years." Bloomberg is saying that a record number of companies are doing better than earlier estimates -- it might be because everyone was conservative in their estimates or that the dollar weakened faster than expected, or both. It does not mean that if you look at each company, this last earnings will be higher than any other quarter in 13 years. Perhaps we can have more editors comment on this.

I have been carefully adding back in the comparison between forecast earnings and actual reported earnings, and User:1990'sguy keeps taking it out so as to create a false claim that most of the S&P 500 have posted their highest quarterly earnings in 13 years. Please help us keep this accurate. If we can't state it accurately, perhaps it is not worth including. JDano (talk) 19:08, 14 August 2017 (EDT)

I think I have adequately explained my position here. Let's just wait to see what Andy thinks. Even if your wording is correct, I see no reason to remove the Breitbart reference. I've seen much worse errors (although I don't think the Breitbart article, which cites the Bloomberg article and directly quotes it, is in error) in MSM sources. --1990'sguy (talk) 19:12, 14 August 2017 (EDT)

I have no idea what your position is. Do accept that there are two separate concepts: one involving the absolute size of earnings and the other involves counting how many companies beat their forecast or "estimated earnings"? (See Idea #1 and Idea #2 above). If so, what in your opinion was the Bloomberg article reporting (Idea #1 or Idea #2)? Is the achievement about a companies breaking their 13-year earning records (showing a healthy economy)? Or is it about exceeding the earnings forecasts (showing a crummy forecasting model, that did not properly consider the weakening dollar)? If you tell me what you believe in your own words, we can find language that fits. JDano (talk) 21:03, 14 August 2017 (EDT)

Attracting American workers

Silicon Vally companies may have already begun to raise their wages in order to attract American workers.[22] This is good, but this report does not appear to be confirmed -- if it has even started happening -- so I will not add this now. --1990'sguy (talk) 19:43, 14 August 2017 (EDT)

You are correct that economic changes can have long lag times. What criteria are we going to use to decide what can be reported and when? JDano (talk) 20:28, 14 August 2017 (EDT)

Enough with your silly proposals for bureaucratic "criteria." The standards are clear: if something is to be added as an achievement, it must advance conservative ideals/policies. The achievement must be tangible and/or verified, rather than speculation, unless noted otherwise. This info does not regard policy achievements initiated by the administration, but rather the effect of administration policies or the mindset created by a positive perception of the Administration's policies. The same standards apply -- it must advance conservative principles/ideals. --1990'sguy (talk) 20:45, 14 August 2017 (EDT)

Reagan in DoL Hall of Fame

Ronald Reagan will be inducted into the Department of Labor's "Hall of Fame."[23][24][25][26] He was the only U.S. president to have led a labor union, but as president, he took some anti-union actions, such as firing the 11,000 PATCO employees -- a symbolic action, but one where someone who took anti-union actions was honored by the DoL. --1990'sguy (talk) 23:42, 27 August 2017 (EDT)

Stock Market records

The largest number of record high closes for the Dow Jones is 70 (which it reached in 1995).[27] As of today (10/18), the Dow Jones has had 48 record high closes.[28] This might be worth mentioning in the article at the end of the year, after we know the final number for 2017. --1990'sguy (talk) 22:49, 18 October 2017 (EDT)

Here's an article by Breitbart on this: [29] --1990'sguy (talk) 23:09, 7 November 2017 (EST)

Fed appointments

Trump apparently has a historic opportunity to reshape the composition and stances of the Federal Reserve due to an unusually large number of vacancies in the agency.[30][31] This might be worth adding to the article. --1990'sguy (talk) 18:55, 7 November 2017 (EST)

As long as he does get some good people in, that would be a good achievement. If only he could actually get rid of the fed again.... --David B ^(TALK) 22:42, 7 November 2017 (EST)

If only we had a president who would continue to oppose the existence of all of the independent regulatory agencies after being elected. --1990'sguy (talk) 22:46, 7 November 2017 (EST)

Trump just nominated Marvin Goodfriend, a conservative who is critical of the Fed, to serve on the board of governors: [32] --1990'sguy (talk) 11:27, 30 November 2017 (EST)

Corporate raises because of tax bill

More and more companies are announcing big raises because of the tax bill: [33][34][35][36][37] I'll see if I can add more of this to the article. --1990'sguy (talk) 13:14, 3 January 2018 (EST)