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  #611  
Old 09-04-2018, 04:17 PM
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Pio1980 Pio1980 is offline
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Tinkle down economics, " I've got mine, piss on you " .
No, FUCK YOU !!
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Last edited by Pio1980; 09-04-2018 at 06:19 PM.
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  #612  
Old 09-07-2018, 01:00 AM
Chicks Chicks is offline
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Normalized chart showing that Donny, despite all his incompetence, has had zero effect on consumer sentiment. Obama's great stewardship of the economy, after the Bush / Repube meltdown, continues to prevent Donny from mucking it up, so far. I fear the effect his idiotic tariffs will have, though.

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  #613  
Old 09-07-2018, 01:14 PM
Chicks Chicks is offline
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President Obama sought to remind Republicans just who started the economic recovery that's led to strong numbers like this morning's jobs report.

"By the time I left office, household income was near its all-time high, and the uninsured rate hit an all-time low, poverty rates were falling," Obama said. "I mention this just so when you hear how great the economy is doing right now, let's just remember when this recovery started."

He continued, "When you hear about this economic miracle that's been going on, when the job numbers come out, monthly job numbers, and suddenly Republicans are saying it's a miracle, I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016."
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  #614  
Old 09-11-2018, 08:55 PM
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finnbow finnbow is offline
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The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.


http://thehill.com/policy/finance/40...ercent-to-895b
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  #615  
Old 09-12-2018, 02:20 PM
Chicks Chicks is offline
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  #616  
Old 09-13-2018, 11:01 PM
Chicks Chicks is offline
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Glenn Kessler
@GlennKesslerWP
Not only did Obama never say this, but Obama topped 5% in one quarter, so who has the bigger magic wand?

Quote Tweet
Donald J. Trump
@realDonaldTrump
“President Trump would need a magic wand to get to 4% GDP,” stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.
8:46 AM Sep 10, 2018

----------------

Small wonder Whell is ashamed to show his face here anymore. All that shit on his head from it being up Donny's ass for so long.
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Last edited by Chicks; 09-13-2018 at 11:03 PM.
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  #617  
Old 09-20-2018, 11:19 AM
Chicks Chicks is offline
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The Trump Tax Cuts Did One Thing: Give Rich People More Money

http://nymag.com/daily/intelligencer...ore-money.html

Quote:
A tax cut has a big first-order effect: the people whose taxes are reduced have more money, and the government has less. Since both of these — more inequality and higher deficits — are generally regarded as bad things, Republicans habitually dismiss them, and instead focus on second-order effects they predict will happen. The supply-side economic theory favored by most Republicans holds that rich people are exquisitely sensitive to tax rates, and their willingness to work or invest rises and falls dramatically in response even to small changes in tax rates.

This is why Republicans predicted upper-bracket tax hikes, like those passed under Bill Clinton and Barack Obama, would massively depress economic activity and raise less revenue than standard forecasts predicted. (It didn’t.) It is also why they predicted tax cuts passed by George W. Bush, and Republican governments in states like Kansas, Oklahoma, and Louisiana would yield far more revenue than predicted. (It didn’t.) They maintained the same belief about President Trump’s corporate tax cuts. The conviction is so strong that even the most moderate Republicans insist higher growth would cause revenue to rise rather than fall is response to the tax cuts.

In the ten months that have passed since Trump signed the tax cuts into law, the second-order effects have been undetectable. Nothing bad has happened to the economy; on the other hand, nothing especially good has happened, either. Growth and wages have tracked at about the same pace as before Trump took office. Republicans built a messaging campaign around one quarter of 4 percent growth, which they treated as unprecedented and now permanent development, ignoring the fact that the economy produced several such quarters under the Obama administration.
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  #618  
Old 09-21-2018, 03:16 PM
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Republicans stunned to learn voters understand exactly what their tax cut did

https://www.washingtonpost.com/blogs...r-tax-cut-did/

Quote:
A survey commissioned by the Republican National Committee has led the party to a glum conclusion regarding President Donald Trump’s signature legislative achievement: Voters overwhelmingly believe his tax overhaul helps the wealthy instead of average Americans.

By a 2-to-1 margin — 61 percent to 30 percent — respondents said the law benefits “large corporations and rich Americans” over “middle class families,” according to the survey, which was completed on Sept. 2 by the GOP firm Public Opinion Strategies and obtained by Bloomberg News.

The result was fueled by self-identified independent voters who said by a 36-point margin that large corporations and rich Americans benefit more from the tax law — a result that was even more lopsided among Democrats. Republican voters said by a 38-point margin that the middle class benefits more.
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  #619  
Old 09-21-2018, 03:20 PM
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donquixote99 donquixote99 is offline
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So as a campaign issue the tax cut is poison for Republicans, and they should try to pretend it never happened....
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  #620  
Old 09-23-2018, 02:01 PM
Chicks Chicks is offline
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Why the latest warnings about cuts to Social Security and Medicare are a reason to worry

https://www.marketwatch.com/story/ne...ry_top_stories

This Supply Side BS was supposed to provide enough extra revenues to permanently fix the safety net issues, or so we were told. Snicker, snicker. Supply Side never has worked, never will work, except to make the rich richer.

This unholy tax cut and this corrupt administration will cause millions of retirees to suffer. Do they care? Not one iota.
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