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06-14-2018, 12:40 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by whell
Uh huh. Where were you on the "if you like your health plan you can keep it", or "if you like your doctor you can keep him/her"? Or maybe "the $400 million in cash to Iran isn't a ransom"? Or Kerry's comments that they'd probably be used to fund terrorism as almost an afterthought? Or Obama saying in 2011 that “We signed into law the biggest middle-class tax cut in history”? Or Obama saying: “The day after Benghazi happened, I acknowledged that it was an act of terrorism”? Or Obama's claim that “The Keystone pipeline is for oil that bypasses the United States”?
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I don't see the word promise in there either.
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As long as the roots are not severed, all will be well in the garden.
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06-14-2018, 12:44 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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An escalating trade war could wipe out the benefits of the Republican tax law passed last fall, President Trump's former top economic adviser said Thursday.
Gary Cohn, who served as Trump's director of the National Economic Council, said that retaliatory tariffs between countries could drive up inflation and prompt American consumers to take on more debt, possibly pushing the country into another economic downturn.
“If you end up with a tariff battle, you will end up with price inflation, and you could end up with consumer debt,” Cohn, a former Goldman Sachs executive, said at a Washington Post Live event. “Those are all historic ingredients for an economic slowdown.”
https://www.washingtonpost.com/news/...conomist-says/
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As long as the roots are not severed, all will be well in the garden.
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06-14-2018, 01:15 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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I'll see your "could happen", "might happen" article with this:
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market.
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06-14-2018, 01:16 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
I don't see the word promise in there either.
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06-18-2018, 09:44 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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New economics research shows why Donald Trump’s corporate tax cut won’t boost paychecks
https://qz.com/1304713/tax-havens-ex...ost-paychecks/
The corporate tax cuts enacted by president Donald Trump and the Republican party are supposed to lure investment back to the US, leading to an increase in wages for working Americans.
But workers’ wages have grown half as slowly in the first five months of 2018, with the tax law in force, compared to the first five months of 2017. And average worker wages were actually higher before the tax law was enacted.
Why haven’t predictions of rising wages come true? An ambitious new paper released by economists Thomas Tørsløv, Ludvig Wier and Gabriel Zucman argues that the tax bill contains a fundamental misunderstanding about global capitalism.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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06-20-2018, 07:44 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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Why Trump is wrong about the 'greatest economy' in history
Just another in a long list of his lies.
https://finance.yahoo.com/news/trump...140003521.html
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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06-21-2018, 05:37 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,286
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The Dotard hasn’t tweeted about the Dow in a while. I wonder why? Could it be because, almost six months in, it’s negative YTD? Sounds like the Obama tailwinds have tapered off. Who will he blame when it all goes up in smoke?
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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06-22-2018, 06:15 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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OK guys, I concede. You're correct on this one. Supply side isn't the rising tide that is lifting all boats. Especially at Finn's favorite paper. Wonder what's up with that??
http://dearjeffbezos.pagedemo.co/
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06-22-2018, 06:17 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Chicks
The Dotard hasn’t tweeted about the Dow in a while. I wonder why? Could it be because, almost six months in, it’s negative YTD? Sounds like the Obama tailwinds have tapered off. Who will he blame when it all goes up in smoke?
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Looks pretty good to me:
http://www.macrotrends.net/1358/dow-...-last-10-years
If you're all about measuring stock market performance in a limited window, you're screwed from the get go.
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06-22-2018, 08:07 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by whell
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You're the idjit who screamed to the heavens for every little anecdote that seemed to reflect well on your Lying Dotard (e.g., the Carrier deal) until it didn't.
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