Skewering of Leftist Economic "Conventional Wisdom"

[finnbow]

Originally Posted by Chicks

Dozens of articles like this one, if you read (do you?)

https://www.politico.com/story/2016/...america-232274

CEOs are forced to treat this petulant idiot with kid gloves.

Yep, it cost nothing to blow smoke up his ass and there may be benefits in terms of future regulatory activity or avoidance of shitty tweets from the Dotard.

[whell]

Originally Posted by Chicks

Dozens of articles like this one, if you read (do you?)

https://www.politico.com/story/2016/...america-232274

CEOs are forced to treat this petulant idiot with kid gloves.

A one year old article from before the inauguration? Meaningless in this context.

[Oerets]

Typo from the looks, left out the word evil before genius.



Barney

[Chicks]

Trump doesn’t deserve credit for all the economic good news

https://www.washingtonpost.com/opini...98a_story.html

While Trump will probably try to take credit for all the economic good news, it is unlikely that he deserves it. He is president of the United States, not the world. And the economic surprises in the rest of the world have been more favorable than those in America. The scale of upward revisions of growth forecasts for 2017 and 2018 has been higher in Europe, Japan, China and emerging markets broadly than for the United States. Many other stock markets have outperformed those here. If Trump’s pro-business policies were driving the global economy, one would expect an increase in net capital flows into the United States, and so a stronger dollar. In fact, the dollar has weakened significantly in the past year, despite more Federal Reserve tightening than was anticipated at the beginning of 2017.

[Pio1980]

We effectively handed regulation and policy over to folks who will benefit from manipulating both for their own purposes. What does a reasonable person expect from that, other than a severe screwing when they bail before their house of cards collapses.

[bobabode]

'No, Apple Is Not Creating 20,000 Jobs Because of the Tax Bill'

https://slate.com/business/2018/01/n...-tax-bill.html

[Chicks]

Originally Posted by bobabode

'No, Apple Is Not Creating 20,000 Jobs Because of the Tax Bill'

https://slate.com/business/2018/01/n...-tax-bill.html

So Whell is just regurgitating the speculation he heard on Fox "News" or limblow. Sounds about right.

[whell]

Originally Posted by Chicks

So Whell is just regurgitating the speculation he heard on Fox "News" or limblow. Sounds about right.

Wrong again, Chickie. My post on this was sourced from CNBC:

https://www.cnbc.com/2018/01/17/appl...r-5-years.html

[whell]

Originally Posted by bobabode

'No, Apple Is Not Creating 20,000 Jobs Because of the Tax Bill'

https://slate.com/business/2018/01/n...-tax-bill.html

Of course, no one ever said that Apple was creating the new jobs "just because" of the tax bill. So, not sure who this article or your post is directed at unless you've decided to argue with yourself about this.

[Chicks]

Hedge fund billionaire Howard Marks is throwing cold water on the GOP tax law

https://finance.yahoo.com/news/hedge...211040536.html

“So call it a gift to the corporate sector if you want, but I think it's unlikely to be much of a job-creator or long-term boon for the American middle class”

"We've seen a number of companies give raises or bonuses following the enactment of the tax law, but I doubt it was done out of generosity," Marks wrote.

He says there's every reason to believe that most of the corporate tax benefit will be used to "enhance credit ratings, fatten dividend payments, and finance stock buybacks."

All of that is fine and well, but those weren't the rationales Republicans gave for passing the tax plan, according to Marks.

"Instead, it was billed as a job-creator," he wrote. "With unemployment already below average, many CEOs tell me they're hamstrung by a scarcity of qualified workers. So who will fill the new jobs if corporations expand in the US? And if workers aren't available, will new plants (and jobs) really be created?"