Supply-Side Economics - Page 67

Dondilion · #**661** 05-30-2019, 01:15 PM

Quote:

Originally Posted by donquixote99

I heard a bone-chilling announcement from the Federal Reserve. They say they will not raise interest rates FOR THE REST OF THE YEAR. Rarely do they tip their hand so far in advance. I think this announcement is meant to be stimulative. This means they think the recovery is over.

To what recovery are you referring?

finnbow · #**662** 05-30-2019, 02:42 PM

Quote:

Originally Posted by Dondilion

To what recovery are you referring?

The one Obama started 10 years ago. Do try to keep up.

Dondilion · #**663** 05-31-2019, 01:12 AM

Quote:

Originally Posted by finnbow

The one Obama started 10 years ago. Do try to keep up.

The funny thing...candidate Trump stated that it was phony but as soon as he became president claimed it using the same phony measures as Obama.

finnbow · #**664** 05-31-2019, 03:57 PM

President Trump will award the Medal of Freedom to Arthur Laffer, the influential supply-side economist whose theory for decades established strong incentives in Washington to cut taxes.

The White House said Friday that Mr. Trump will award the medal, the nation’s highest civilian honor, to Mr. Laffer on June 19.

https://www.washingtontimes.com/news...arthur-laffer/

So, the guy who has done more than any single individual to create our massive national debt is now being awarded for it. Brilliant.

nailer · #**665** 06-01-2019, 07:35 AM

The national debt is a bipartisan accomplishment.

finnbow · #**666** 06-01-2019, 08:15 AM

Quote:

Originally Posted by nailer

The national debt is a bipartisan accomplishment.

Not really. Only one party has the motto "You can have it all, but you'll have to pay for it with tax cuts."

nailer · #**667** 06-01-2019, 08:50 AM

And raising taxes will be a key Democratic plank in 2020.

finnbow · #**668** 06-01-2019, 10:41 AM

Quote:

Originally Posted by nailer

And raising taxes will be a key Democratic plank in 2020.

It would indeed be a good idea to shitcan Trump's tax law and replace it with something other than more-money-for-millionaires. This law lowered corporate rates to an effective rate of just 7% - the lowest since WWII, while increasing by $100 billion the amount collected from individuals last year.

https://www.yahoo.com/news/corporati...160745447.html

nailer · #**669** 06-02-2019, 10:56 AM

Don't forget Dubya, Ronnie and JFK.

Lots of Dems amongst our millionaires.

Add a + 500K top bracket and eliminate capital gains deductions. Anyone against is a greedy rich bastard or wannabe.

Chicks · #**670** 06-14-2019, 03:17 PM

This week in Trumponomics: The $1 trillion deficit draws near

https://finance.yahoo.com/news/this-...192517423.html

Quote:

Economic growth has been okay, but it’s slowing down. The job market is strong, but hiring dipped in May. New data, meanwhile, show the national debt soaring by margins more typical of a recession than a boom. This suggests the tax cuts will have a transitory impact on growth while making the nation’s long-term debt problem considerably worse.

While lobbying for the tax cuts, which Trump signed into law at the end of 2017, Republicans argued that a sharp cut in the business tax rate—from 35% to 21%–would boost tax revenue through a surge in investment and booming growth. “The plan will pay for itself,” Treasury Secretary Steven Mnuchin said in 2017 as Republicans were drafting the tax-cut legislation.

That isn’t happening. Through the first 8 months of the government’s fiscal year—which begins in October—the Treasury Department borrowed $739 billion—up from $532 billion during the same period the year before, a 39% increase.

Sorry, Whell, you've been bamboozled. Whell, you still there? Whell!?