TRUMP NEWS AT IT AGAIN

[Jim in CT]

Originally Posted by wdmso

Nope still waiting on my check not that 1200 is going to change my life it will go right back at Tax time to the Government .. for the huge tax break i ve been told we all got...


Just because Trump keeps telling you all these things are because of him . you might try actually looking into it

"He kept us safe, thats his Job '

Let's recap...

WDMSO: Trump didn't do anything to make us better off.

Jim: He kept us safe.

WDMSO: that's his job.

Earth to Wayne, yes that is an important part of his job. And he did that one part well. There are things that he stinks at, but he did that well. You just can't bring yourself to say it. Everything he does, is "doing his job".

"he got unemployment to the lowest it's been in 50 years, Had nothing to do with anything he did"

He lowered the corporate tax rate from 35% to 21%. What that means is, investments in growth that might not have been feasible at a corporate tax rate of 35%, suddenly are a great investment at 21%. Income tax is the "cost" of income. And as I'd assume you already know given your knowledge of macroeconomics, when the cost of something goes down, the demand for that something - no matter what it is - goes up. In this case, the demand for income went up, and one way to achieve more income is to grow and expand, and that requires labor. Which means more jobs. Which lowers unemployment.

He also eliminated regulations, which makes incentivizes growth. He also incentivized businesses to return, I think, about $2 trillion in profits that had been stored offshore.

All of that helped lead to record stock market performance. Which despite what you likely think, helps everyone, especially public sector workers whose pensions need to grow tremendously to have any chance of funding promised benefits.

Go ahead and tell me where that was wrong.

"actual or perceived accomplishments"

SO when unemployment went down and the stock market went up under Obama, were you this reluctant to give him credit? I give Obama good marks for getting us out of the recession.


I'd be very interested to hear you explain why you give Obama credit for helping the economy, but not Trump. I'm all ears.

[wdmso]

Originally Posted by Jim in CT

"He kept us safe, thats his Job '

Let's recap...

WDMSO: Trump didn't do anything to make us better off.

Jim: He kept us safe.

WDMSO: that's his job.

Earth to Wayne, yes that is an important part of his job. And he did that one part well. There are things that he stinks at, but he did that well. You just can't bring yourself to say it. Everything he does, is "doing his job".

"he got unemployment to the lowest it's been in 50 years, Had nothing to do with anything he did"

He lowered the corporate tax rate from 35% to 21%. What that means is, investments in growth that might not have been feasible at a corporate tax rate of 35%, suddenly are a great investment at 21%. Income tax is the "cost" of income. And as I'd assume you already know given your knowledge of macroeconomics, when the cost of something goes down, the demand for that something - no matter what it is - goes up. In this case, the demand for income went up, and one way to achieve more income is to grow and expand, and that requires labor. Which means more jobs. Which lowers unemployment.

He also eliminated regulations, which makes incentivizes growth. He also incentivized businesses to return, I think, about $2 trillion in profits that had been stored offshore.

All of that helped lead to record stock market performance. Which despite what you likely think, helps everyone, especially public sector workers whose pensions need to grow tremendously to have any chance of funding promised benefits.

Go ahead and tell me where that was wrong.

"actual or perceived accomplishments"

SO when unemployment went down and the stock market went up under Obama, were you this reluctant to give him credit? I give Obama good marks for getting us out of the recession.


I'd be very interested to hear you explain why you give Obama credit for helping the economy, but not Trump. I'm all ears.

So if you jump on a car that's already doing 50mph and you hit 90 mph. How to you take credit for getting the car to do 90. ,,, I can see taking credit for the extra 40.

[Jim in CT]

Originally Posted by wdmso

So if you jump on a car that's already doing 50mph and you hit 90 mph. How to you take credit for getting the car to do 90. ,,, I can see taking credit for the extra 40.

He didn't just jump on the Obama bandwagon, he did some very bold, very different things. Cutting the corporate tax rate to 21% had no impact on growth, that's what you're saying? The income tax cuts that 60% of Americans received, that didn't stimulate anything?

Again, Obama and Trump each helped the economy, but took very different approaches. You can't bring yourself to say it. Maybe stick to your day job, economics isn't your cup of tea.

[wdmso]

Originally Posted by Jim in CT

He didn't just jump on the Obama bandwagon, he did some very bold, very different things. Cutting the corporate tax rate to 21% had no impact on growth, that's what you're saying? The income tax cuts that 60% of Americans received, that didn't stimulate anything?

Again, Obama and Trump each helped the economy, but took very different approaches. You can't bring yourself to say it. Maybe stick to your day job, economics isn't your cup of tea.

Yes jim he gave a huge tax break and they used it for stock buy backs

You 60% tax cut did nothing for avg Americans but you insist it has happen based on omg. anecdotal evidence. Deregulation

a new report from Goldman Sachs splashes some cold water on the deregulatory impulse,
Overall, our results suggest that non-financial deregulation has had a limited impact on the economy .. no really

Trump was handed a car running on all cylinders yes he put some better gas in the tank ,,, he keeps paying shut up money to farmers just gave them another 19 billion..

Not sure why the Trump faithful believe him 100% a 100% of the time

It’s Easier to Fool People Than to Convince Them That They Have Been Fooled’?

What a truthful statement