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#15011396
The events of the past few weeks destroyed whatever credibility Donald Trump may still have had on economic policy. And investors are celebrating. At this point, evidence that Trump tweets are sound and fury signifying nothing is, in effect, good news.

The fact is, the international community is thrilled with Donald Trump. They know his threats are as empty as his cranium. There is relatively little he can do to harm them, as he has managed to destroy every international alliance this nation has had for the past 70 years, and has managed to withdraw our nation from trade agreements that were largely favorable to us.

Now, none of this matters to the Chinese, the Mexicans, or the Russians for that matter. Trump is very much the president they want, for they may continue to have their way with him.

China, meanwhile, remains the Cheshire Cat down the rabbit hole that we all over the world now inhabit, patiently biding its time.
#15011412
jimjam wrote:The events of the past few weeks destroyed whatever credibility Donald Trump may still have had on economic policy. And investors are celebrating. At this point, evidence that Trump tweets are sound and fury signifying nothing is, in effect, good news.

The fact is, the international community is thrilled with Donald Trump. They know his threats are as empty as his cranium. There is relatively little he can do to harm them, as he has managed to destroy every international alliance this nation has had for the past 70 years, and has managed to withdraw our nation from trade agreements that were largely favorable to us.

Now, none of this matters to the Chinese, the Mexicans, or the Russians for that matter. Trump is very much the president they want, for they may continue to have their way with him.

China, meanwhile, remains the Cheshire Cat down the rabbit hole that we all over the world now inhabit, patiently biding its time.

Obviously, Mexico did not think Trump's threats were empty. They quickly agreed to supply 6,000 troops to the problem, instead of the measly 500 they were earlier talking about before Trump's threat of tariffs.
User avatar
By Godstud
#15011418
The things Mexico was doing were decided upon weeks before Trump's stupid threat of tariffs.
#15011513
Godstud wrote:The things Mexico was doing were decided upon weeks before Trump's stupid threat of tariffs.

Which actually means AMLO did Trump a favour by assisting his public stunt, so the Donald owes him one. ;)
#15011811
Godstud wrote:The things Mexico was doing were decided upon weeks before Trump's stupid threat of tariffs.

That is more fake news. It was Trump's threat of tariffs that pushed Mexico to agree to try to stop the migration flow. Before that they were actually helping them get through Mexico to arrive at the U.S. border.

Migrants climb onto trucks as they travel across Mexico



Buses, trucks pick up migrants in Mexico to continue journey



Thousands of migrants board buses to get closer to U.S.-Mexico border

#15012343
AT&T is among several large corporations whose CEOs announced support of the Trump tax cut bill by claiming if the legislation passed, their companies would ensure workers reaped benefits from it. But a report published on 22 May by the Congressional Research Service, a non-partisan thinktank for members of Congress, found the tax cuts did not significantly affect the economy or boost wages, but benefited investors more than anyone else.

“The evidence continues to mount that the Trump-GOP tax cuts were a scam, a giant bait-and-switch that promised workers big pay raises, a lot more jobs and new investments, but they largely enriched CEOs and the already wealthy,” said Frank Clemente, executive director of Americans for Tax Fairness.

He noted only 4% of the US workforce saw any sort of pay increase or bonus from the tax cuts. Meanwhile, data collected by ATF shows corporations have cut thousands of jobs since the tax cuts were passed, while using tax windfalls to buy back $1tn of their own stock, which primarily benefits corporate executives and wealthy investors since half of all Americans own no stock.

In November 2018, GM announced it would cease operations at five plants in Michigan, Ohio, Maryland and Ontario, Canada, resulting in the loss of more than 14,000 jobs in those communities. As GM is closing plants, the company has spent $10bn since 2015 on stock buybacks, and made a net profit of over $8bn despite paying no federal taxes in 2018.( I would love to see if Obese Donald paid any taxes) GM reported a tax windfall of $157m in the first three months of 2018 due to the Trump tax cut.

Rather than invest in its workforce, Wells Fargo bought back 350m shares in early 2018, worth about $22.6bn, (here's my favorite tidbit:) increased CEO salary by 36%, and announced plans in September 2018 to eliminate at least 26,000 jobs in the US over the next three years as many of those positions are being sent overseas.

Oh ……. how surprising!!! Who ever would have thought this would happen. Oh well, maybe next time around it will "trickle down". ….. :lol: .
User avatar
By Godstud
#15012361
See? The money will trickle Down into his off-shore bank accounts. The system works perfectly.

:roll:
#15012374
jimjam wrote:But a report published on 22 May by the Congressional Research Service, a non-partisan thinktank for members of Congress, found the tax cuts did not significantly affect the economy or boost wages, but benefited investors more than anyone else.

“The evidence continues to mount that the Trump-GOP tax cuts were a scam, a giant bait-and-switch that promised workers big pay raises, a lot more jobs and new investments, but they largely enriched CEOs and the already wealthy,” said Frank Clemente, executive director of Americans for Tax Fairness.

Gross investment as a percentage of GDP desperately needed a shot in the arm from decades of over-consumption. That is making a big comeback, because of Trump's tax cuts. It is a great thing.

U.S. GDP Growth Continues Impressive Run
Overall, the investment category contributed 2.5 percent of the GDP growth, a larger contribution than consumer spending, even though the overall level of investment is just $3.7 trillion (annualized basis).

As I have been saying for a long time now, investment in the US needs to increase as a percentage of GDP in order to sustain a healthy economy in the long run. Simply taking on more debt and buying more Chinese goods is not the solution. Only rich people have enough money to make investments. So the "fairness" people can not be allowed to continue their fraudulent arguments that the "rich" are somehow getting an unfair advantage. One thing that the Trump tax cuts didn't do that they Reagan tax cuts accomplished was an investment tax credit. We need to have an investment tax credit for gross investment in plant and equipment in the US, and a corresponding capital gains tax cut for such investments.

jimjam wrote:In November 2018, GM announced it would cease operations at five plants in Michigan, Ohio, Maryland and Ontario, Canada, resulting in the loss of more than 14,000 jobs in those communities. As GM is closing plants, the company has spent $10bn since 2015 on stock buybacks, and made a net profit of over $8bn despite paying no federal taxes in 2018.( I would love to see if Obese Donald paid any taxes) GM reported a tax windfall of $157m in the first three months of 2018 due to the Trump tax cut.

How about some import tariffs on foreign-made autos, jimjam?
User avatar
By jimjam
#15012405
blackjack21 wrote:Gross investment as a percentage of GDP is making a big comeback


blackjack21 wrote:We need to have an investment tax credit for gross investment in plant and equipment in the US, and a corresponding capital gains tax cut for such investments.


No doubt the 4 in 10 Americans who cannot afford an unexpected $400 expense would be greatly encouraged by this stuff :lol:

blackjack21 wrote:the "fairness" people

Fucking Commies :lol:

When the Republicans rolled out their multi trillion dollar tax refund to billionaires thinly veiled by the "trickle down" horse shit I was amazed that they had the balls to raid the Federal treasury for the umpteenth time under the guise of this way over used farce. "Trickle down" is so obviously a cover for our gutless leaders to take cover under as they cave once again to the big money lobbies. If they don't, their "campaign contributions" (ie payoffs) end and they are out on the street.

But then ………. I am one of those silly "fairness persons" :lol: .
#15012423
jimjam wrote:No doubt the 4 in 10 Americans who cannot afford an unexpected $400 expense would be greatly encouraged by this stuff :lol:

They would, especially if they are willing to work. Investment in plant and equipment in the US means jobs for US workers. By contrast, without the tax cut, the way corporations keep their taxes low is to bank profits offshore, which means plants and equipment for non-Americans, which they certainly enjoy.

jimjam wrote:Fucking Commies :lol:

You got it.

jimjam wrote:When the Republicans rolled out their multi trillion dollar tax refund to billionaires thinly veiled by the "trickle down" horse shit I was amazed that they had the balls to raid the Federal treasury for the umpteenth time under the guise of this way over used farce. "Trickle down" is so obviously a cover for our gutless leaders to take cover under as they cave once again to the big money lobbies. If they don't, their "campaign contributions" (ie payoffs) end and they are out on the street.

But then ………. I am one of those silly "fairness persons" :lol: .

The US was founded on uniform excise taxes and apportioned capitations, not income taxes. The founders would be appalled at the income tax and what it has wrought. The real "trickle down" is "trickle out" of the US treasury and into the bank accounts of corporations that buy and pay for the politicians. That's why it's a great idea to vote for politicians that aren't wholly owned by the big corporations, like Trump instead of politicians who have a "public position and a private position" like Hillary Clinton.
User avatar
By jimjam
#15012439
blackjack21 wrote:it's a great idea to vote for politicians that aren't wholly owned by the big corporations, like Trump


I assume you are not that stupid and are just jerking me off. Obese Donald is fully brought and paid for.

A one minute google turned up just the tip of the ice berg

Top Contributors, federal election data for Donald Trump, 2016 cycle

Renaissance Technologies $15,511,600
McMahon Ventures $6,002,700
Walt Disney Co $5,005,823
GH Palmer Assoc $5,005,400
Mountaire Corp $2,013,500
Houston Texans $2,010,800
Beal Bank $2,005,400
Cerberus Capital Management $1,492,190
Electroimpact Inc $1,003,027
Buckley Muething Capital Management $1,000,000
Hawaiian Gardens Casino $1,000,000
Clarium Capital Management $1,000,000
#15012447
blackjack21 wrote: without the tax cut, the way corporations keep their taxes low is to bank profits offshore, which means plants and equipment for non-Americans, which they certainly enjoy.

Hot air. You should run for office, you are good at the hot air business.
as I said:
In November 2018, GM announced it would cease operations at five plants in Michigan, Ohio, Maryland and Ontario, Canada, resulting in the loss of more than 14,000 jobs in those communities. As GM is closing plants, the company has spent $10bn since 2015 on stock buybacks, and made a net profit of over $8bn despite paying no federal taxes in 2018.( I would love to see if Obese Donald paid any taxes) GM reported a tax windfall of $157m in the first three months of 2018 due to the Trump tax cut.

and

Rather than invest in its workforce, Wells Fargo bought back 350m shares in early 2018, worth about $22.6bn, (here's my favorite tidbit:) increased CEO salary by 36%, and announced plans in September 2018 to eliminate at least 26,000 jobs in the US over the next three years as many of those positions are being sent overseas. :?: it can't happen here ………..

jimjam wrote:
Fucking Commies :lol:
blackjack21 wrote:You got it.


Ever studied history #21? Back in 1917 Russia had in place the economic system that America is working on today. 99% of the wealth in the hands of 1% of the population. Economists have estimated that the wealthiest top 0.1 percent of Americans now own nearly as much as the bottom 90 percent.

blackjack21 wrote:The US was founded on uniform excise taxes and apportioned capitations, not income taxes. The founders would be appalled at the income tax


Um …. things have changed in 244 years. It takes a lot of money to rule the planet with a humungous military machine. Appalled founders? I suspect they would be appalled to see a flaming asshole blowhard as POTUS.
#15012506
jimjam wrote:Hot air. You should run for office, you are good at the hot air business.
as I said:
In November 2018, GM announced it would cease operations at five plants in Michigan, Ohio, Maryland and Ontario, Canada, resulting in the loss of more than 14,000 jobs in those communities. As GM is closing plants, the company has spent $10bn since 2015 on stock buybacks, and made a net profit of over $8bn despite paying no federal taxes in 2018.( I would love to see if Obese Donald paid any taxes) GM reported a tax windfall of $157m in the first three months of 2018 due to the Trump tax cut.

You should blame Mary Teresa Barra, the Chairwoman and CEO of General Motors Company, for that if you don't like what GM did with the tax cut. Trump has already criticized her for her actions, so you can't blame that on Trump, since most businesses used the tax cuts to expand business and create more jobs and even give bonus money to workers.
User avatar
By jimjam
#15012510
Hindsite wrote:You should blame Mary Teresa Barra, the Chairwoman and CEO of General Motors Company, for that if you don't like what GM did with the tax cut. Trump has already criticized her for her actions, so you can't blame that on Trump, since most businesses used the tax cuts to expand business and create more jobs and even give bonus money to workers.

And who do I "blame" at Wells Fargo or a hundred other examples that I could locate if I didn't have anything better to do. I'm not "blaming" anyone …… least of all The Great Blameless One who never ever takes responsibility when there is a fuckup. I'm simply showing what a farce "Trickle Down Economics" is. Simple human greed is, always has been and always will be the predominant consideration ….. especially with the stacked economic deck that currently prevails in America.
#15012514
jimjam wrote:And who do I "blame" at Wells Fargo or a hundred other examples that I could locate if I didn't have anything better to do. I'm not "blaming" anyone …… least of all The Great Blameless One who never ever takes responsibility when there is a fuckup. I'm simply showing what a farce "Trickle Down Economics" is. Simple human greed is, always has been and always will be the predominant consideration ….. especially with the stacked economic deck that currently prevails in America.

It is the best we have, so we should make the best of it instead of fighting each other.
User avatar
By Godstud
#15013105
Good thing Trump put in these tax cuts for the very rich. Poor rich cunts, can hardly get enough money to get by...

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018
Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.

Declining tax revenue has only widened deficits, as national debt has ballooned up and over $22 trillion.

https://finance.yahoo.com/news/amazon-t ... 37770.html
#15013121
Godstud wrote:Good thing Trump put in these tax cuts for the very rich. Poor rich cunts, can hardly get enough money to get by...

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

Amazon takes advantages of loopholes that pre-date the Trump tax cuts. They haven't paid taxes since their inception.

Amazon: Nearly 20 Years In Business And It Still Doesn't Make Money, But Investors Don't Seem To Care
Amazon vs Walmart – Revenues and Profits 1995 To 2015
You can take Trump's tax cuts out of the equation. This has been going on since Amazon's inception. Trump has publicly blasted Amazon for this practice too. Typically, people like you don't agree when Trump says something about it.

Trump, in tweet, hits Amazon over taxes, jobs
U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without offering evidence, of hurting U.S. localities and causing job losses.
By Torus34
#15013138
Back to the thread topic.

With, for this Administration, a minimum of fanfare, President of the United States of America Donald Trump awarded the Medal of Freedom, the nation's highest civilian honor, to Mr. Arthur Laffer.

I believe this post fits the spirit and letter of the OP's intent.
#15013140
Godstud wrote:Deficit $22 Trillion and rising. I rest my case.


Who was the last President to leave office with a smaller deficit than when he took office?
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I think they hoped to get some money out of it.

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