Pay and Pension in the White House

[Jim in CT]

Originally Posted by scottw

Reuters JANUARY 22, 2018 / 9:17 AM / 5 DAYS AGO

IMF raises global growth forecast, sees Trump tax boost

Noah Barkin, Dmitry Zhdannikov

DAVOS, Switzerland (Reuters) - The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping U.S. tax cuts were likely to boost investment in the world’s largest economy and help its main trading partners.

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They’re just saying that to prop up Trump.

[spence]

Originally Posted by Jim in CT

Posted from my iPhone/Mobile device

They’re just saying that to prop up Trump.

Even the most liberal analysis shows short-term growth. The question will be how inflation, rising interest rates, rising health care costs, increased federal deficits and disproportionate benefits of the tax cuts impact the economy long-term. Here most analysis show weak if any gains. As Nebe articulated, Main Street is in a delicate position to absorb these hits.

Hell, I need to refi my house and the rates have already climbed enough just the past few months (because of the tax plan) to pretty much negate any potential tax savings I may get.

Additionally, do you know how much positive corporate investment and job growth happened since the recession which if announced today you'd be wetting your pants over?

[Jim in CT]

Originally Posted by spence

Even the most liberal analysis shows short-term growth. The question will be how inflation, rising interest rates, rising health care costs, increased federal deficits and disproportionate benefits of the tax cuts impact the economy long-term. Here most analysis show weak if any gains. As Nebe articulated, Main Street is in a delicate position to absorb these hits.

Hell, I need to refi my house and the rates have already climbed enough just the past few months (because of the tax plan) to pretty much negate any potential tax savings I may get.

Additionally, do you know how much positive corporate investment and job growth happened since the recession which if announced today you'd be wetting your pants over?

So the rising interest rates arevtrumos fault, but the soaring stock market and plummeting unemployment are thanks to obama? Do I have that about right? Interest rates have nowhere to go but up.
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[Jim in CT]

Originally Posted by spence

Even the most liberal analysis shows short-term growth. The question will be how inflation, rising interest rates, rising health care costs, increased federal deficits and disproportionate benefits of the tax cuts impact the economy long-term. Here most analysis show weak if any gains. As Nebe articulated, Main Street is in a delicate position to absorb these hits.

Hell, I need to refi my house and the rates have already climbed enough just the past few months (because of the tax plan) to pretty much negate any potential tax savings I may get.

Additionally, do you know how much positive corporate investment and job growth happened since the recession which if announced today you'd be wetting your pants over?

I did wet my pants at what my IRA did during the obama years, and I always give him some credit for that. Unlike you, I can give honest praise and criticism on both sides.
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[wdmso]

The White House has seized on the company announcements as proof the law offers other benefits to workers.




"Why didn't they just tell their workers privately?" says Laurence Kotlikoff, an economics professor at Boston University, who described some of the announcements as "implicit back-scratching" for the White House.


"They're making a big deal of this to serve some other purpose, maybe getting the country to like their product or getting the government to lay off a bit."

But it is also clear that self-promotion and political calculus are driving some of the announcements.

In the broader context, the benefits for workers are "trivial"

Yes they are stroking Trumps ego to avoid any blow back if they didnt bend the knee


http://www.bbc.com/news/business-42812453

[Jim in CT]

Originally Posted by wdmso

The White House has seized on the company announcements as proof the law offers other benefits to workers.




"Why didn't they just tell their workers privately?" says Laurence Kotlikoff, an economics professor at Boston University, who described some of the announcements as "implicit back-scratching" for the White House.


"They're making a big deal of this to serve some other purpose, maybe getting the country to like their product or getting the government to lay off a bit."

But it is also clear that self-promotion and political calculus are driving some of the announcements.

In the broader context, the benefits for workers are "trivial"

Yes they are stroking Trumps ego to avoid any blow back if they didnt bend the knee


http://www.bbc.com/news/business-42812453

Of course there’s a political component to the announcements. Obama didn’t announce his major accomplishments? He kept it all a secret?

Do you people hear yourselves? You don’t see the obvious bias?
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[scottw]

Originally Posted by Jim in CT

Obama didn’t announce his major accomplishments? He kept it all a secret?

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on big noticeable change is that whenever Obamaland announced some promising economic or employment numbers...they'd always get revised downward shortly thereafter.....haven't noticed that lately


Nov 29, 2017 - Bloomberg View Columnist Dan Moss discusses U.S. economic growth in the third quarter. The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses...
Mar 30, 2017 - Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up to a 3.5 percent rate in the fourth quarter.
August 30,2017 WASHINGTON (MarketWatch) — The U.S. economic rebound in the second quarter was stronger than initially reported....

[wdmso]

Originally Posted by Jim in CT

Of course there’s a political component to the announcements. Obama didn’t announce his major accomplishments? He kept it all a secret?

Do you people hear yourselves? You don’t see the obvious bias?
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Not talking about what Trump says .... but the obvious stroking by those companys who he has give a windfall no bias just facts

[scottw]

Originally Posted by wdmso

Not talking about what Trump says .... but the obvious stroking by those companys who he has give a windfall no bias just facts

is anything that you claim not "fact"?