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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: |
08-15-2019, 05:45 PM
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#1
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Ledge Runner Baits
Join Date: Oct 2000
Location: I live in a house, but my soul is at sea.
Posts: 8,627
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If you gauge the economy by the market, yes I’d agree the tax cuts certainly gave a big shot in the arm for corporate profits, top earners and the market. When deregulation f*cks the environment for bottom line, sorry I don’t see that as a win for anyone but those profiting by the move.
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08-15-2019, 06:04 PM
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#2
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by Got Stripers
If you gauge the economy by the market, yes I’d agree the tax cuts certainly gave a big shot in the arm for corporate profits, top earners and the market. When deregulation f*cks the environment for bottom line, sorry I don’t see that as a win for anyone but those profiting by the move.
Posted from my iPhone/Mobile device
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Job numbers are way up over what was expected as a new normal in the economy pre-Trump. Wages are up. I get more take home pay. Inflation is not more onerous than it was for me under Obama when I saw prices in the things I bought go way up 50 or more percent even though we were told that inflation was practically non-existent. People still want to come here in droves. The U.S. economy is expanding better than most.
I just don't see the evidence that your narrative holds water.
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08-16-2019, 02:30 PM
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#3
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by Got Stripers
If you gauge the economy by the market, yes I’d agree the tax cuts certainly gave a big shot in the arm for corporate profits, top earners and the market. When deregulation f*cks the environment for bottom line, sorry I don’t see that as a win for anyone but those profiting by the move.
Posted from my iPhone/Mobile device
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in
addition to the
markets, how
about unemployment and gdp? are those healthy? or has trump
destroyed those? he didn’t just ride obama’s wave, he did things very differently, and whether you like it or not, it’s working.
Posted from my iPhone/Mobile device
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08-16-2019, 04:33 PM
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#4
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,467
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Quote:
Originally Posted by Jim in CT
in
addition to the
markets, how
about unemployment and gdp? are those healthy? or has trump
destroyed those? he didn’t just ride obama’s wave, he did things very differently, and whether you like it or not, it’s working.
Posted from my iPhone/Mobile device
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Unemployment is a lagging indicator, GDP has been dropping and the global slowdown is very real. Manufacturing orders are really starting to drop off. Just read the other day bond yields have inverted as well.
Some of this would have happened regardless of Trump or Clinton but the tax cuts proved to be little more than a sugar high as expected and the trade wars are destabilizing the situation.
Not sure what your definition of working is.
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08-16-2019, 09:17 PM
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#5
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by spence
Unemployment is a lagging indicator, GDP has been dropping and the global slowdown is very real. Manufacturing orders are really starting to drop off. Just read the other day bond yields have inverted as well.
Some of this would have happened regardless of Trump or Clinton but the tax cuts proved to be little more than a sugar high as expected and the trade wars are destabilizing the situation.
Not sure what your definition of working is.
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You have this gifted knack of appearing to be saying something important.
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