Jump to content
benson13

What bush handed Obama...What Obama handed tramp

Recommended Posts

7 minutes ago, benson13 said:

Food-Stamps-Presidents.png

America fundamentally changed from defending liberty as a self sustaining nation to serving human rights at ignoring self evident results globally. Yes I understand what changed between Clinton to Bush, Bush to Obama, Obama to Trump.

 

so much so I understood the GUB's 4 years To Clinton's 8.

Oh, your graph doesn't show the compounding things that went on, you only reflect on the talking point you factualized by ignoring the other 7/8 of everything that took place for 30 years.

Share this post


Link to post
Share on other sites

Obama  put a stranglehold on the US economy

 

Trump won the election and  released the  stranglehold.

 

 

Boom!! 

 

For every  1 regulation that Trump issued HE GOT RID OF  22  OBAMA REGS!!

 

THINK ABOUT THAT

Share this post


Link to post
Share on other sites

Low interest rates, $85 Billion a month to prop up the markets during Obama's 8 years is was it took to protect Obama's fragile economy.

 

Low paying part time jobs were Obama's legacy.

 

Now Trump is building it back up and the feds have to raise rates to keep Trump's economy from over heating.  

 

Oh yeah...and Comrade benson is spinning again.  :)

 

 

Share this post


Link to post
Share on other sites
3 minutes ago, personreal said:

Low interest rates, $85 Billion a month to prop up the markets during Obama's 8 years is was it took to protect Obama's fragile economy.

 

Low paying part time jobs were Obama's legacy.

 

Now Trump is building it back up and the feds have to raise rates to keep Trump's economy from over heating.  

 

Oh yeah...and Comrade benson is spinning again.  :)

 

 

file.php?40,file=83489,filename=nation-d

 

 

2058363719-Obama-Quote-klumac.jpg&f=1

Share this post


Link to post
Share on other sites
7 minutes ago, 123urout said:

file.php?40,file=83489,filename=nation-d

 

 

2058363719-Obama-Quote-klumac.jpg&f=1

I'm sorry, the cult can not acknowledge the hypocrisy of the left at this time.

 

Please try yer call again later.   :)

Share this post


Link to post
Share on other sites
Just now, personreal said:

I'm sorry, the cult can not acknowledge the hypocrisy of the left at this time.

 

Please try yer call again later.   :)

Democrats are idiots, clueless moonbats with derangement syndrome.

 

616.jpg&f=1

Share this post


Link to post
Share on other sites
Just now, benson13 said:

36%

 

"winning"

PROVE IF YOU FUKKING RETARD LIBERAL

Share this post


Link to post
Share on other sites
14 minutes ago, Z09 said:

Clinton handed Bush 911

Dubya was warned it was coming.... he decided to say "fuck it" and play golf instead.

Share this post


Link to post
Share on other sites
Just now, maineman said:

Dubya was warned it was coming.... he decided to say "fuck it" and play golf instead.

CLINTON HAD THE CHANCE TO TAKE BIN LADEN OUT IN THE 90'S... HE WAS A PUSSY COWARD LIKE YOU MAINEBIATCH HE DIDN'T DO IT!!!

Share this post


Link to post
Share on other sites

The Tax Cuts And The Fake Trump Boom

 

With the economy turning rising growth rates and falling unemployment, will Donald Trump and the Republican tax bill take political credit for the boom of 2017-18? Maybe not.

For starters, the boom was already roaring along in 2015 and 2016, before Trump took office, as the post-recession recovery finally kicked in. The year 2015 showed the strongest GDP growth in more than a decade, and 2016 was not far behind.

Unemployment was already down to 4.7 percent when Trump took office and its further drop to 4.1 is entirely the result of policies established pre-Trump.

Even with these low rates of joblessness, profound structural changes in the labor market fail to translate low unemployment rates into significant gains in earnings or career prospects. The rise of gig employment, the bashing of trade unions, the elimination of reliable career paths – all of this is intensifying. A slight uptick in median wages doesn’t change that.

The job market is still unreliable for most working people. The ratio of employed people to population is unchanged this year, at just 60.1 percent.

The changes in the tax code will do nothing to alter that. And the tax bill will only widen inequality of after-tax income.

Moreover, the huge corporate tax breaks are not likely to generate jobs, because corporations in recent years have used their outsized profits more for stock buybacks (to pump up share values) than for new domestic investment. If anything, the tax bill will only exacerbate that imbalance, as corporations literally have more after-tax profits than they know what to do with.

With its favoritism for corporations, the bill will likely prolong and intensify what many analysts consider a stock market already dangerously overvalued. The Dow Jones industrial average is up 24.74 percent this year, after rising 13.42 last year. This is well into bubble territory, and the last bubble did not end well.

What might prick the bubble? Consider the Federal Reserve.

Last week, the Fed responded to the pending success of the tax bill by raising interest rates. Most Fed economists and members of the board of governors consider the economy at full employment. The Fed’s well-advertised plan is to keep raising interest rates.  

At some point, investors decide that they’ve had a great ride and sell out before the inevitable “correction.” Given the famous herd-instinct of Wall Street, the sell mentality becomes a self-fulfilling prophesy. Or some unanticipated crisis sets off a wave of selling.

And while the increase of the federal deficit by $1.5 trillion over a decade does create some fiscal stimulus (other things being equal), other things in fact are not equal. The more the deficit guns growth, the more the Fed raises rates. And the more the Fed raises rates, the more investors shift from stocks to bonds.

So, while the Trump boom looks pretty good now, my bet is that it won’t look so great by November 2018.

Imagine what else might have been accomplished by a $1.5 trillion increase in the federal deficit. We could have invested in a massive public infrastructure program. That would have created more good jobs directly, and as public jobs they would have been better defended against the Fed hiking rates. But that sort of stimulus program requires Democrats.

One more detail: The Republicans, partly by accident and partly as payback to punish blue state voters, actually backed into good tax policy, in one respect. That is the cap on property tax deductions.

Housing—especially housing for the well-to-do—is over-subsidized by multiple tax breaks. All those tax breaks bid up the price of housing, creating a windfall for those who already own homes but a punishment for those trying to buy in.

Republicans, looking for some way to make up the massive revenue losses from their tax cuts, searched for loopholes to close. They ended up capping the deductibility of both state sales taxes and local property taxes, at a total of $10,000.

This hits mainly the upper middle class and mainly homeowners in high tax states.

About 2/3rds of Americans take the standard deduction, which is to be increased in the tax bill. But if your family makes, say, $150,000 a year and pays property and sales taxes totaling $20,000, you will now be paying tax on $10,000 more income than last year because of the cap’s limit on what you can deduct.

According to Zillow, it makes sense under current law for about 44 percent of homeowners to itemize their deductions. Under the new law, that will drop to 14 percent. 

The result will be to damp down price pressures on housing in high-cost areas, since the shift makes investment in a house slightly less valuable. The double taxation in denying deduction for state and local taxes paid is a travesty, and it would have been even better policy to further cut the deduction for mortgage interest. It would have been still better policy to take the proceeds from capping the several tax breaks for expensive homes, and put them into creation of affordable housing. But that also requires Democrats.

The Republicans, as noted, backed into this cap. Imagine the Republican outcry if Democrats had proposed it. And of course there were no hearings, no expert testimony, no weighing of alternatives.

But capping the property tax deduction is good housing policy. As the old saying goes, even a stopped clock is right twice a day.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×