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  #641  
Old 10-28-2018, 05:49 PM
Chicks Chicks is offline
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Americans who say their finances haven’t improved mostly blame Donny

https://finance.yahoo.com/news/ameri...171745933.html

Quote:
Seventy-two percent of the 1,001 respondents surveyed say their personal finances haven’t ismproved from two years ago. Personal finance includes not just income, but also the ability to pay back loans including credit card debt, student loans and mortgages.

Americans earning less than $30,000 per year are the least likely to experience any positive changes. In this group, 78% report that their financial situation hasn’t improved and 27% said it’s actually worse than it was two years ago. In contrast, more than half of people earning over $75,000 annually said they feel better about their financial situation.

“The broad economic data points may be pointing to improvement, but only 4 out of 10 of the people that we surveyed said that their situation had improved in the past two years, which means that there’s more work to do in the sense of having other people participate in the economic expansion in a satisfying way,” Mark Hamrick, senior economic analyst for Bankrate.com, told Yahoo Finance.
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  #642  
Old 11-28-2018, 11:37 AM
Chicks Chicks is offline
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An Insider Book Tries to Praise Trump, But Instead Exposes His Corruption

Trumponomics.

http://nymag.com/intelligencer/2018/...-deficits.html
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  #643  
Old 11-29-2018, 06:18 PM
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Failed tax-cut experiment in Kansas should guide national leaders

https://thehill.com/opinion/finance/...experiment?amp

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Former Kansas Governor Sam Brownback's failed "red state experiment" has truly come to an end.

In rejecting Republican gubernatorial candidate Kris Kobach, who advocated restoration of the Brownback experiment, Kansas voters on Election Day put the final nail in the coffin of what even Republican leaders had come to see as a disastrous set of tax and spending cuts that ruined the Kansas economy.

Kansas' 2018 election should serve as a political lesson to our national leaders, and the experience of Kansas over the past several years should serve as a policy lesson.

Brownback's experiment was such a failure that his party turned against him. In 2017, the Republican-dominated legislature, overriding the governor's veto, rolled back the tax cuts.

But some were not convinced, including Kris Kobach, who made a resumption of the Brownback experiment (with even deeper spending cuts) a fundamental part of his platform in the just-ended campaign. The voters of Kansas, however, had had enough, and his advocacy of the tax and spending cuts was critical to his defeat.
Some folks just never learn.
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  #644  
Old 12-10-2018, 11:43 AM
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So far, Trumponomics has managed to wipe out all of the market gains for this year, and starting in on last year’s gains (which were, of course, tailwinds from Obama’s great legacy). All the morons who voted this incompetent buffoon into office (with Russian help) must surely be getting nervous now, as their 401Ks shrink, and the price of housing, goods and services goes up. Meanwhile, their promised raise never actually happened... Poor, ignorant fools. Will they wake up in 2019?
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  #645  
Old 12-13-2018, 10:11 AM
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The Trump tax cuts are putting America in a hole

https://finance.yahoo.com/news/trump...203051912.html

Tax cuts and a slowing economy will erode America’s fiscal strength during the next decade, according to a new report from Moody’s Investor Service, the bond-rating agency. At some point, Moody’s might cut the nation’s top-tier credit rating.

The Moody’s warning challenges a core promise of President Trump and his fellow Republicans, who insisted the $1.5 trillion tax cut they passed last year would pay for itself and even generate more tax revenue, not less, because economic growth would suddenly boom. Trump predicted last year that the economy would “take off like a rocket ship” once his tax cuts went into effect. White House economists predicted family incomes would rise by $4,000 or more due to a sharp cut in business taxes.

None of that is happening or coming into view.
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  #646  
Old 12-31-2018, 06:31 PM
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2018 was the worst for stocks in 10 years

It's a wrap. The giant tax cut that Repubes promised, per their false Supply Side narrative, would MAGA, is once again shown to do nothing but make the rich richer, and the middle class vanish. Will Repube voters ever learn?

https://www.cnn.com/2018/12/31/inves...day/index.html
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  #647  
Old 01-08-2019, 02:17 PM
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Small businesses are starting to lose faith in Trump's America

That they ever had any faith in this con artist to begin with is a mystery...

https://finance.yahoo.com/news/small...183642037.html
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  #648  
Old 01-22-2019, 06:24 PM
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The shutdown has exposed the disaster that is Trumponomics
Robert Reich

When the president is proud to close government and proud to slash taxes for the rich, American workers get shafted

https://www.theguardian.com/commenti...s-trumponomics

Quote:
Federal spending accounts for just over 20% of the total economy. When that spigot is turned halfway off, as it is now, demand for goods and services necessarily drops. The result is less investment and slower growth.

Right now some 800,000 government employees aren’t collecting paychecks. Nor are hundreds of thousands of government contractors being paid. None of them can buy as much as before.

It’s just another aspect of Trumponomics, which stands for the highly dubious proposition that prosperity comes from cutting taxes on corporations and the wealthy, while squeezing American workers – the people who do most of the buying.
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  #649  
Old 01-28-2019, 08:58 AM
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U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit

So much for this huge tax cut boosting tax revenues. Never worked before, total failure this time. Yet they continue to vote Republican. Sigh.

https://www.bloomberg.com/news/artic...e?srnd=premium
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