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#15060853
Hindsite wrote:Trump economics is working for America and the rest of the world knows it. He just signed a new and better trade agreement with China after your so-called economists have said it was impossible and that he he would make things worse. He also got a new trade deal with Mexico and with Canada and with Japan. His next trade deal will probably be with the United Kingdom. That is what I call Trump's smart economics.
HalleluYah


Political smoke and mirrors. Follow the money …….. there is little or nothing there. Election year B.S., that's all. The Chinese gave Impeached President Trump some nickels and dimes to shut him up, give him something feed his ever starved ego and buy time.

Much of what China has agreed to buy from the United States would have been sold to other nations. Increasing exports to China doesn’t mean that the United States is increasing overall exports. The economic benefit may be quite small. I know this is kinda complicated for the unthinking masses who depend on Donald for direction but, sorry, 2+2 still equals 4. Donnie will deny this but ……..

The commitments also end after two years. China is making no promises beyond 2021.
Image
#15060860
jimjam wrote:The commitments also end after two years. China is making no promises beyond 2021.

More reason to re-elect Trump in 2020.
Praise the Lord.
#15060866
jimjam wrote:Here in the United States, Republicans went through the entire Obama era claiming to be deeply concerned about budget deficits, forcing the country into years of spending cuts that slowed economic recovery.

That's bullshit. The Republicans never passed a budget under Obama. It was all run on continuing resolutions from Obama's 2010 budget.

jimjam wrote:The moment Donald Trump moved into the White House, all those supposed concerns vanished, vindicating those of us who argued from the beginning that Republicans who posed as deficit hawks were phonies.

It's not hard to prove that. They've been phonies since Gingrich left office.

jimjam wrote:the 2017 tax cut completely failed to deliver the promised surge in private investment: federal spending has been growing at a rate not seen since the early years of the past decade.

The stock market has almost doubled since he took office. We're nearing 30k on the Dow. It was around 16k when he took office.

jimjam wrote:Trump’s tax law has made owning a home even more expensive for middle-class families by greatly reducing the amount homeowners can deduct in property taxes.

Generally, property taxes are about 1% in most areas. That means you'd a need $1M house if that's what you were writing off. What Trump limited was SALT--State and Local Taxes to $10k. That is actually a tax increase on the wealthy. That's why housing prices are strong in the lower end of the market, but the high end of the market is softer now. Additionally, you can only write off interest on loans up to $750k--again, that's a tax increase on the rich.

jimjam wrote:•MISSED PAYMENTS: Under President Trump, interest rates reached their highest point in decades, and rising credit card and auto loan delinquencies caused economists at the New York Fed to warn, “The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market.” 1 in 6 Americans have a past-due medical bill on their credit report. And in February 2019, the Federal Reserve Bank of New York reported a record 7 million Americans were 90+ days behind on auto loan payments, a total even higher than at the height of the financial crisis.

Trump jawboned the Federal Reserve, and they have lowered rates.

jimjam wrote:Impeached President Trump's idea of a "Great America":

In the 1950s, we didn't have free trade with China and Mexico and women in the work force en masse. That's why people have grown tired of any politician promising to drive wages down with illegal immigration.

jimjam wrote:Many of the president’s claims were rejected by the Columbia University economics professor Joseph Stiglitz.

Oh no! Say it ain't so!

Trump is awesome!
#15060945
blackjack21 wrote:The stock market has almost doubled since he took office


Image

"Hey Jimbo, have you heard that the stock market has almost doubled since Impeached President Trump waddled onto the scene?"

"Yea, looks like Donald's $1,000,000,000,000 per year spending deficit is trickling into America's favorite gambling casino instead of the usual rebuild the infrastructure B.S. that the spineless and deluded liberals are constantly annoying us about."

"I'm sure glad that Fatso has my back. I know that not a day goes by that he is not working to help Americans in need who aren't billionaires. I know because he told me so."
User avatar
By jimjam
#15060949
President Trump suggested on Wednesday that he would be willing to consider cuts to social safety-net programs like Medicare to reduce the federal deficit if he wins a second term, an apparent shift from his 2016 campaign promise to protect funding for such entitlements.

Looks like Impeached President Trump will be fucking old people in the ass to pay for his tax cut for billionaires and subsequent stock market boost . Is Social Security next?
#15061092
jimjam wrote:Looks like Impeached President Trump will be fucking old people in the ass to pay for his tax cut for billionaires and subsequent stock market boost . Is Social Security next?

What if it's just rich old people? Don't you want to stop the government from taking money from poor, stupid, debt-saddled Millenials with worthless "women's studies" degrees and giving it to rich old people like Donald Trump, Michael Bloomberg, Tom Steyer, etc? Why should they get Medicare or Social Security? They're billionaires!
User avatar
By jimjam
#15061174
blackjack21 wrote:What if it's just rich old people? Don't you want to stop the government from taking money from poor, stupid, debt-saddled Millenials with worthless "women's studies" degrees and giving it to rich old people like Donald Trump, Michael Bloomberg, Tom Steyer, etc? Why should they get Medicare or Social Security? They're billionaires!


Lawyer bullshit. Once they get their foot in the door they will continue their agenda of transferring wealth from those who need some help to billionaires who ….. well …… "Brother can you spare another billion." The agenda of the plutocrats is plain as day to all save Impeached President Trump's Morons Of America.
By late
#15061176
blackjack21 wrote:
What if it's just rich old people? Don't you want to stop the government from taking money from poor, stupid, debt-saddled Millenials with worthless "women's studies" degrees and giving it to rich old people like Donald Trump, Michael Bloomberg, Tom Steyer, etc? Why should they get Medicare or Social Security? They're billionaires!



"The establishment of perfect justice, of perfect liberty, and of perfect equality,” he writes in Wealth of Nations, “is the very simple secret which most effectively secures the highest degree of prosperity to all the three classes.”

"Smith was scathingly critical of the wealthy’s disproportionate power over government policymaking. He complained about the tendency of the rich to shirk tax obligations, unfairly passing tax burdens on to poor workers. He heaped scorn on government bailouts of the East India Company. He thought dirty money in politics was akin to bribery, and that it undermined the duty to govern impartiality."

Welcome to the 1700s, when you recover from the Dark Ages, you might notice how advanced have things have become. If you ever feel up to it (not bloody likely) I can introduce you to the 1800s...

https://evonomics.com/capitalism-case-for-abolishing-billionaires/
#15061180
Legend has it that the British economist John Maynard Keynes, asked why he had changed his position on a question of economic policy, responded: “When the facts change, I change my mind. What do you do, sir?”

Treasury Secretary Steven Mnuchin has embraced a different approach: ignoring the facts. “I’ll stick with my projections that the tax deal will pay for itself,” he said from Switzerland. Two years later, the results are in. The annual federal budget deficit has topped $1 trillion. And it is even more difficult to understand how anyone could make such a claim.

Mr. Mnuchin’s willingness to keep doing so suggests that expedience has won out over experience.

His defiance of reality probably pleased President Trump, who likes lieutenants to pretend everything is going according to plan.
#15061299
Nearly four years after then-presidential candidate Donald Trump said he would eliminate the federal debt in eight years, the deficit has since risen by more than 16 percent under his presidency.

On Tuesday, attorney George Conway, a frequent Trump critic and husband of White House Special Counsel Kellyanne Conway, pointed out that three years into Trump's first term as president, the national debt increased by $3 trillion, bringing it to over $23 trillion now. Conway cited figures from the National Debt Tweets in his tweet.

The two pieces of legislation that added the most to the national debt are the Tax Cuts and Jobs Act (TCJA) and the 2018 and 2019 Bipartisan Budget Acts (BBA), according to CRFB. In addition to these, the ACA Tax Repeal and other legislation--which included disaster relief, emergency spending, and ACA tax delays, signed in December 2019--added a combined total of about $665 billion.

Oh...… what a surprise coming from a crook who has declared bankruptcy numerous times and left others holding the bag. This time around it is the American people who will be holding the bag …..
https://youtu.be/NEGbp8a9tJo
#15061303
blackjack21 wrote:What if it's just rich old people? Don't you want to stop the government from taking money from poor, stupid, debt-saddled Millenials with worthless "women's studies" degrees and giving it to rich old people like Donald Trump, Michael Bloomberg, Tom Steyer, etc? Why should they get Medicare or Social Security? They're billionaires!

I was in my car listening to the Austin Rhodes Show on the radio today. He was talking to a woman that thought it was just fine for Hunter Biden to make a lot of money because his father was Vice President, since Trump's daughter and son-in-law were making money because their father is President. Austin explained to her that they were taking no salary for there advisory roles and that President Trump was required to take a salary, but was donating it all back to the government. So they have been losing money, unlike the Bidens. Then a man called up and said that Joe Biden was also taking his Social Security retirement and President Trump was not.
User avatar
By jimjam
#15062256
At Davos recently Steven Mnuchin, Donald Trump’s Treasury secretary, doubled down on his claim that the 2017 tax cut will pay for itself — just days after his own department confirmed that the budget deficit in 2019 was more than $1 trillion, 75 percent higher than it was in 2016.

jimjam sez that America will not be defeated by a foreign power. She will defeat herself economically by encouraging the ever increasing debt needed to maintain the pretend prosperity that is required for incompetent politicians and their hacks to maintain power.
#15062262
jimjam wrote:At Davos recently Steven Mnuchin, Donald Trump’s Treasury secretary, doubled down on his claim that the 2017 tax cut will pay for itself — just days after his own department confirmed that the budget deficit in 2019 was more than $1 trillion, 75 percent higher than it was in 2016.

jimjam sez that America will not be defeated by a foreign power. She will defeat herself economically by encouraging the ever increasing debt needed to maintain the pretend prosperity that is required for incompetent politicians and their hacks to maintain power.

The problem isn't just incompetent politicians, jimjam - it's an incompetent electorate. As the ancient Greeks (who invented it) understood, democracy is a real test of the competence of ordinary citizens to rule themselves. Democracy cannot be destroyed by incompetent politicians, but only by an incompetent electorate. This is why I don't believe that Fat Don is a serious threat to American democracy. Politicians are a threat to democracy only if a large enough section of the electorate chooses to make them a threat.
User avatar
By jimjam
#15065178
The budget deficit has exploded past $1 trillion under Trump, up from less than $600 billion in Obama’s last year. Most of that rise can be attributed to Trump’s policies, mainly a tax cut rammed through Congress using exactly the hyperpartisan tactics Obama balked at in 2009.

In a way, the surprising thing about Trump’s deficitpalooza is that it hasn’t boosted the economy even more, a shortfall that can be attributed to bad design. After all, the corporate tax cuts that were the biggest driver of rising deficits did nothing to increase business investment, which has actually declined over the past year.

If Trump wins I have very little doubt that the deficit will be used to start the beginning of the end of Social Security, Medicare, etc.--a la Paul Ryan. (With maybe another tax cut for billionaires thrown in :eek: )
User avatar
By jimjam
#15065688
From World War II through the 1980s, according to a recent report from Senator Marco Rubio’s office, private domestic investment often approached 10 percent of G.D.P.; in 2019, despite a corporate tax cut intended to get money off the sidelines, the investment-to-G.D.P. ratio was less than half of that.

The dearth of corporate investment also means that the steady climb of the stock market has boosted the wealth of a rentier class — basically, already-rich investors getting richer off dividends — rather than reflecting surging prosperity in general.
#15065715
jimjam wrote:The budget deficit has exploded past $1 trillion under Trump, up from less than $600 billion in Obama’s last year. Most of that rise can be attributed to Trump’s policies, mainly a tax cut rammed through Congress using exactly the hyperpartisan tactics Obama balked at in 2009.

In a way, the surprising thing about Trump’s deficitpalooza is that it hasn’t boosted the economy even more, a shortfall that can be attributed to bad design. After all, the corporate tax cuts that were the biggest driver of rising deficits did nothing to increase business investment, which has actually declined over the past year.

If Trump wins I have very little doubt that the deficit will be used to start the beginning of the end of Social Security, Medicare, etc.--a la Paul Ryan. (With maybe another tax cut for billionaires thrown in :eek: )

I have worse fears if the Democrats take over all of government. I actually like the way things are going with Trump as president. President Trump has been a president that keeps his promises. President Obama promised, "If you like your doctor, you can keep your doctor. If you like your health care plan, you can keep your health care plan."

https://www.politifact.com/obama-like-health-care-keep/

There were about 25 times a similar statement was made. It turned out to be all Obama lies.
User avatar
By jimjam
#15065831
Hindsite wrote: Obama

Impeached president Trump is currently POTUS, not Obama. :eek: Check it out.

Hindsite wrote:President Trump has been a president that keeps his promises.


I really don't have time for this one :eek: .
User avatar
By jimjam
#15065852
The economic numbers may look good, but they are thin. The stock market is doing well, but the main street market, not so much. While new jobs are being created, their quality and wages are low.

Prices for everyday goods are up, partly due to unnecessary tariffs that bought America little in the way of better trade agreements. People with lower education still scramble for jobs and often need two or more to make ends meet. Hundreds of thousands of children no longer have healthcare.

Seniors who have savings are doing okay due to stock market growth, but those who depend on interest income are hurting.

These factors point not to a great economy, but to one that is limping along, with overall growth far lower than the Trump administration promised.

Working-class Americans, white and black alike, who have seen earnings collapse, family structure disintegrate and mortality climb. These Americans are earning less on average, adjusted for inflation, than their counterparts back in the 1970s.

In the 1930s, President Franklin Roosevelt worked hard to address the Depression with the New Deal. This time, Trump in some ways has exacerbated the pain — such as by chipping away at access to health care. Some 400,000 children have lost health insurance under Trump.

Meanwhile, the central fact of America today is not its economic vigor but its profound inequity.
#15066044
jimjam wrote:I really don't have time for this one :eek: .

You seem to never have time for the truth of the Trump of God.
User avatar
By Godstud
#15066057
The word "truth" and Trump should never be used in the same sentence, since they are extremely contrary, and diametrically opposed.

He's some facts for you:
14 million jobs have come back to Americans in the last 10 years. of those, 6 million have been during Trump's presidency. This has been a trend, and not a direct result of his governing.

Fact: He claimed Ivanka was responsible for bringing back 15 million jobs. That is what is called a LIE.

Fact check: Trump spent week lying about jobs, trade, Ivanka, and more
TRUMP, on his daughter Ivanka: "And now created over 15 million jobs for the people of our country. ... It was going to be 500,000. 'Daddy, I think we can do 500,000.' Within about a week, she broke that and now she's up to 15 million jobs. It's fantastic." — White House meeting Friday.
https://americanindependent.com/donald- ... nka-trump/

Ivanka might have created 15 million jobs.... in China, but not in the USA.
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