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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
01-27-2018, 06:51 AM
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#91
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Registered User
Join Date: Jul 2008
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Quote:
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.
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01-27-2018, 08:22 AM
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#92
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Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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What does that mean exactly. “World economic growth”. If we look at economic growth, we usually divide it in 2. The first is “Wall Street”. The 2nd is “Main st”. My guess is that this growth will favor Wall Street much more than Main st.
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01-27-2018, 08:54 AM
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#93
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,197
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Quote:
Originally Posted by Jim in CT
"Its a 1 time dog and pony show "
Apple announced 20,000 new jobs, and a tax payment of $38 billion. Comcast (who own MSNBC) announced $50 billion in infrastructure spending. dog and pony show?
Obama didn't do anything to do more for these folks in 8 years.
"and not funneling all the money back to share holder's" Also good for the economy.
"and to praise dear leader "
Again, Comcast, who signs Rachael Maddow's paycheck, is spending $50 billion to make Trump look good. This is what you are saying?
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yes ... what a better way to pay a political bribe to give out money that was given to you at zero cost...
we will see how generous Comcast Verzion and the like are when is contract negotiations time .. with their new found wealth I am waiting till February to see my pay stub
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01-27-2018, 10:34 AM
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#94
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
Posted from my iPhone/Mobile device
They’re just saying that to prop up Trump.
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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?
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01-27-2018, 11:14 AM
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#95
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Location: Libtardia
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The ability to claim deductions and lower your taxable income is the greatest way to stimulate the economy. Higher taxes would in theory push companies to seek out ways to find deductions through purchases, expansion, research, etc. a tax cut does the opposite and it’s an awful way to encourage a company to spend.
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01-27-2018, 11:27 AM
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#96
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Location: RI
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Quote:
Originally Posted by Nebe
The ability to claim deductions and lower your taxable income is the greatest way to stimulate the economy. Higher taxes would in theory push companies to seek out ways to find deductions through purchases, expansion, research, etc. a tax cut does the opposite and it’s an awful way to encourage a company to spend.
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Nebe, just TRUST ME it will trickle down.
http://money.cnn.com/2018/01/21/news...lth/index.html
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01-27-2018, 01:12 PM
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#97
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
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?
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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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01-27-2018, 01:16 PM
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#98
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by Nebe
The ability to claim deductions and lower your taxable income is the greatest way to stimulate the economy. Higher taxes would in theory push companies to seek out ways to find deductions through purchases, expansion, research, etc. a tax cut does the opposite and it’s an awful way to encourage a company to spend.
Posted from my iPhone/Mobile device
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You’re saying that the best way to stimulate the economy is to increase tax rates, and then encourage people to find ways to avoid taxes. That’s somehow better than just lowering taxes to begin with? Interesting.
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01-27-2018, 01:18 PM
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#99
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
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?
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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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01-27-2018, 01:36 PM
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#100
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Join Date: Jun 2012
Location: Somerset MA
Posts: 9,197
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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
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01-27-2018, 02:09 PM
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#101
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
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
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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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01-27-2018, 02:30 PM
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#102
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Jim in CT
Obama didn’t announce his major accomplishments? He kept it all a secret?
Posted from my iPhone/Mobile device
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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....
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01-27-2018, 02:59 PM
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#103
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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Quote:
Originally Posted by Jim in CT
You’re saying that the best way to stimulate the economy is to increase tax rates, and then encourage people to find ways to avoid taxes. That’s somehow better than just lowering taxes to begin with? Interesting.
Posted from my iPhone/Mobile device
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You obviously don’t own a business. Talk to someone who does and they will say ol Nebe is right
Posted from my iPhone/Mobile device
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01-27-2018, 03:24 PM
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#104
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Nebe
The ability to claim deductions and lower your taxable income is the greatest way to stimulate the economy. Higher taxes would in theory push companies to seek out ways to find deductions through purchases, expansion, research, etc. a tax cut does the opposite and it’s an awful way to encourage a company to spend.
Posted from my iPhone/Mobile device
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this is insanity
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01-27-2018, 03:28 PM
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#105
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,197
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Quote:
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?
Posted from my iPhone/Mobile device
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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
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01-27-2018, 03:33 PM
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#106
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
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
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is anything that you claim not "fact"?
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01-27-2018, 03:35 PM
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#107
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Nebe
What does that mean exactly. “World economic growth”.
Posted from my iPhone/Mobile device
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we'll get wdmso to look up the word "world" for you....
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01-27-2018, 04:04 PM
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#108
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by Nebe
You obviously don’t own a business. Talk to someone who does and they will say ol Nebe is right
Posted from my iPhone/Mobile device
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Why is it better to hire an accountant and a tax lawyer to get a lower tax rate, than it is for the feds to have that lower rate to begin with? Please explain.
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01-27-2018, 06:00 PM
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#109
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,189
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Quote:
Originally Posted by wdmso
.... was in Walmart today only 4 check out lines open ... looks like they toldeveryone they increased the pay but failed to say they cut the hours
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Show of hands, who here has ever, excluding Christmas, seen more than 4 checkout lines open at Walmart at a time?
That's business as usual there.
Posted from my iPhone/Mobile device
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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01-27-2018, 06:21 PM
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#110
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by The Dad Fisherman
Show of hands, who here has ever, excluding Christmas, seen more than 4 checkout lines open at Walmart at a time?
That's business as usual there.
Posted from my iPhone/Mobile device
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saw the same at Stop & Shop.....weird...I think you'll see it a lot more with self check out
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01-27-2018, 10:36 PM
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#111
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Registered User
Join Date: Dec 2002
Posts: 8,718
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Quote:
Originally Posted by Nebe
You obviously don’t own a business. Talk to someone who does and they will say ol Nebe is right
Posted from my iPhone/Mobile device
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You obviously could benefit from a deft accountant.
Posted from my iPhone/Mobile device
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PRO CHOICE REPUBLICAN
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01-28-2018, 12:17 AM
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#112
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by scottw
this is insanity
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You're not following then.
Posted from my iPhone/Mobile device
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01-28-2018, 06:39 AM
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#113
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by spence
You're not following then.
Posted from my iPhone/Mobile device
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followed it perfectly...it's nonsense....the rest of that "theory" states that high taxes on individuals produce similar results because it "forces" them to work harder than they otherwise would to maintain and plan their life...to that I say GFY(theoretically)
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01-28-2018, 04:29 PM
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#114
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,197
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bill maher 2days ago made an observation trump loves to pick fights with blacks . And as if on cue he lashes out at Jay z (a nobody in the scheme of things) another example of what happens if you don't bend the knee
Unemployment is historically low across the board in the US not solely because of Trump but don't tell him
http://www.bbc.com/news/world-us-canada-42853225
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01-28-2018, 04:35 PM
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#115
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by wdmso
bill maher 2days ago made an observation trump loves to pick fights with blacks . And as if on cue he lashes out at Jay z (a nobody in the scheme of things) another example of what happens if you don't bend the knee
Unemployment is historically low across the board in the US not solely because of Trump but don't tell him
http://www.bbc.com/news/world-us-canada-42853225
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hey Spence....this....I am definitely not following
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01-28-2018, 06:52 PM
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#116
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by wdmso
bill maher 2days ago made an observation trump loves to pick fights with blacks . And as if on cue he lashes out at Jay z (a nobody in the scheme of things) another example of what happens if you don't bend the knee
Unemployment is historically low across the board in the US not solely because of Trump but don't tell him
http://www.bbc.com/news/world-us-canada-42853225
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Jay z criticized trump, trump fired back like a baby. Very much like obama, I remember when mat Damon dared to criticize obama, obama made fun of him, and his latest movie, on national tv. Wdmso, you are deranged with hate. Take off the tin foil hat.
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01-28-2018, 06:56 PM
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#117
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
I remember when mat Damon dared to criticize obama, obama made fun of him, and his latest movie, on national tv. Wdmso, you are deranged with hate. Take off the tin foil hat.
Posted from my iPhone/Mobile device
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Oh please describe.
Posted from my iPhone/Mobile device
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01-28-2018, 08:56 PM
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#118
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Registered User
Join Date: Jul 2004
Posts: 10,242
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Trump does have a thing for trying to tell off black people. They should show a little "gratitude"
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01-28-2018, 09:04 PM
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#119
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by PaulS
Trump does have a thing for trying to tell off black people. They should show a little "gratitude"
Posted from my iPhone/Mobile device
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it's weird how some people desperately try to inject racism into everything...do you work at ESPN?
I just learned that Jay-Z's producer's name is "No I.D."....that's pretty funny
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01-28-2018, 10:02 PM
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#120
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by spence
Oh please describe.
Posted from my iPhone/Mobile device
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See, here's the difference between me and you. You said large numbers of Trump supporters are not taking part in the surging economy. I asked you who they are, and I saw no response. But you ask me for clarification, and as always, I provide it. That's the benefit I enjoy of having convictions that aren't based on made-up jibberish.
Matt Damon once said of Obama, that he was (I'm paraphrasing, but very close) "I'm disappointed in his performance". Now 99.99% of Hollywood was in the bag for Obama. But as always, like Trump, Obama could never let anything go, he is too thin-skinned, too juvenile and vindictive. So at some kind of press conference or something, Obama said (paraphrasing again) "well Matt, I saw your latest movie, and I have to say, right back at ya".
I mean come on, right? Ha ha ha ha ha. I mean, is that clever, or what?
Obama wasn't anywhere near as crass or vulgar or sophomoric as Trump. He was every bit the thin-skinned baby.
Look it up.
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