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Old 10-01-2018, 05:27 PM   #1501
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I could go along with a plan to slightly tax the super rich more though. When the dems are in power I look forward to hearing the plan.
Huh?
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Old 10-13-2018, 03:51 AM   #1502
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Old 10-13-2018, 08:07 AM   #1503
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Old 10-13-2018, 08:53 AM   #1504
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Was there the need to reform business tax code, - yes it was way to complex and there was to many loopholes - but this tax bill lowered the rate structure and kept all the loopholes. I am surprised the Treasury isn't sending millions of dollars in checks the companies, hedge funds and top 0.1%


The Republican have painted themselves into corner with their economic policy with only using tax cuts to help the economy. A balance approach is required.
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Old 10-13-2018, 09:02 AM   #1505
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By stimulating the economy. 401k goes up, my firm gave me a fat raise because they are a pass through LLC and got a big tax cut. It's true my actual tax difference according to my tax guy will only be about 900 bucks for the yr.

Still I will take 900 bucks.
That's enough to go deep fishing a couple times which is a passion of mine.
$900 is all it takes to buy your vote for Putin's Peter Eater?

You come cheap don't cha?
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Old 10-14-2018, 10:33 AM   #1506
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"Letís be clear. Any moron with a handful of credit cards charged off to the next generation can gin up the illusion of prosperity. Thatís all the Trump economy is: borrowing trillions of dollars from the future, spending it today, and pretending to be a genius. But the market has figured it out. Hereís what it knows."

The Market Weighs in on Trumpís Economic Policies

The almost 1,400 point, two day drop in the Dow was the market putting its money where its mouth is on Trumpís economic and trade policies. Like so much else that is of Trump, itís ugly.

Just as Trump was gifted $400+ million dollars from his father and claimed to be a Self Made Man, so, too, he inherited an economy and stock market from Obama that had been rising for the prior eight years, since March 2009. In true Trumpian fashion, he claimed to have created the greatest economy of all time.
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Old 10-14-2018, 10:42 AM   #1507
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... All along there was a risk that Washington's debt-fueled tax cuts and spending splurge would backfire by overheating the economy. That kind of help is typically reserved for times of war or recession, not prosperity.

"We're in the boom. And all the earmarks of a bust are developing," said Mark Zandi, chief economist of Moody's Analytics. ...


Stocks couldn't rise forever. Here's what's going on


... One way to think of it is that Trump's tax cuts were equivalent to pouring gasoline on the economy. Now, he's blasting the firefighters at the Federal Reserve who are attempting to prevent runaway inflation by raising interest rates.

"The economy is red-hot and threatens to fry. The Fed is desperately trying to cool things off before it goes up in flames," said Zandi.

Kristina Hooper, global market strategist at Invesco, said the Federal Reserve has taken a thoughtful and prudent approach to the accelerating economy.
"Everyone knows the Fed isn't acting crazy. There is no going loco for the Fed," said Hooper.

The Fed's rate hikes are also designed to give it room to provide support for the economy whenever the next downturn arrives. That's especially crucial because Washington's soaring deficit could make it harder to borrow to fight a recession.

"The Fed doesn't have the luxury of moving much slower. It needs dry powder for the next crisis," said Hooper.
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Old 10-14-2018, 10:45 AM   #1508
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"If anyone picked up an economic textbook, they would have known this was coming. It's pretty obvious," said Zandi.
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Old 10-14-2018, 10:46 AM   #1509
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... The picture has been further clouded by Trump's trade crackdown. Tariffs have begun to lift raw materials prices. A growing number of major US companies have complained about the trouble caused by Trump's tariffs on China -- and retaliatory tariffs by Beijing.

In other words, the trade war threatens to exacerbate the inflationary pressures the Fed is already grappling with.

"Many of Trump's economic prescriptions invite inflation -- so obviously the Fed has to take away the monetary punch bowl," Greg Valliere, chief global strategist at Horizon Investments, wrote to clients on Thursday. ...
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Old 10-16-2018, 12:06 AM   #1510
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Some economically illiterate Socialists on this page, lol. USA economy booming, tax cuts working, tariffs working, Democrats looking dumb (as per usual).

What else is new?
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Old 10-16-2018, 12:09 AM   #1511
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TonyR, do you really think letting China unfairly take over the world by devaluing the Yuan while engaging in predatory trade practices and employing slave labor is really beneficial to the US or the rest of the world?

If so, explain (you can't).
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Old 10-16-2018, 12:11 AM   #1512
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Fed's need "dry powder" for the next crisis? Where were they for Obama's 8 years of Zero Interest Rate Policy? What a joke! Meanwhile, interest rates are already in normal territory. Trump economy just sustained 9 interest rate hikes in a row, still growing faster than 3% annually. Keep tryin' FEDS!!

Meanwhile, the EU still has ZIRP and can't grow if their lives depended it, just like Obama. Socialist economic policy blown out forever with proof!!

Last edited by pricejj; 10-16-2018 at 12:14 AM..
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Old 10-16-2018, 01:40 AM   #1513
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Some economically illiterate Socialists on this page, lol. USA economy booming, tax cuts working, tariffs working, Democrats looking dumb (as per usual).

What else is new?


You're not only economically illiterate - you're just plain illiterate.
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Old 10-16-2018, 01:43 AM   #1514
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TonyR, do you really think letting China unfairly take over the world by devaluing the Yuan while engaging in predatory trade practices and employing slave labor is really beneficial to the US or the rest of the world?

If so, explain (you can't).
Remember how pricejj was here sounding the alarm between 2001 - 2009?

Neither do I.
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Old 10-16-2018, 05:01 AM   #1515
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Some economically illiterate Socialists on this page, lol. USA economy booming, tax cuts working, tariffs working, Democrats looking dumb (as per usual).

What else is new?
The tax cuts to an already strong economy has made it stronger in the short term.. Not one person was saying the tax cuts would stimulate the economy a little as corporations have more money to spend. The reason the tax cuts will ruin the economy are because of what is going to follow.

US deficit rises 17% to the highest level since 2012

The deficit rose to $779 billion in fiscal year 2018, up 17% from last year, according to final figures released Monday by the Treasury Department. That's the largest number since 2012, when the country was still spending massively to stimulate an economy struggling to recover.

Government receipts were flat this year from last year. Corporate tax collections fell $76 billion, or 22%, due to the Republican-backed tax cut. But that drop was more than offset by increased revenues from individual and self-employment taxes. The fiscal year ended September 30.

complete article
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Old 10-16-2018, 06:26 AM   #1516
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The plan is to increase the deficit then slash-and-burn protections to "save" the economy.
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Old 10-16-2018, 07:03 AM   #1517
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Some economically illiterate Socialists on this page, lol. USA economy booming, tax cuts working, tariffs working, Democrats looking dumb (as per usual).

What else is new?
Apparently you went to Trump U and flunked!

Keep chugging that 'stoopid' Koolaid.
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Old 10-16-2018, 07:34 AM   #1518
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Some economically illiterate Socialists on this page, lol. USA economy booming, tax cuts working, tariffs working, Democrats looking dumb (as per usual).

What else is new?


The best part is, he isn't kidding!
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Old 10-16-2018, 07:40 AM   #1519
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Fed's need "dry powder" for the next crisis? Where were they for Obama's 8 years of Zero Interest Rate Policy? What a joke! Meanwhile, interest rates are already in normal territory. Trump economy just sustained 9 interest rate hikes in a row, still growing faster than 3% annually. Keep tryin' FEDS!!

Meanwhile, the EU still has ZIRP and can't grow if their lives depended it, just like Obama. Socialist economic policy blown out forever with proof!!
You're so dumb that I shouldn't even bother responding to you, but....... are you seriously trying to compare monetary policy during the Obama presidency and monetary policy during the Trump presidency? Do you truly not understand why the strategies are different? Or is Hannity telling you it's a liberal conspiracy to make Trump look bad and you're lapping it up like a nice bowl of broccoli cheddar soup?
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Old 10-16-2018, 07:47 AM   #1520
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You're so dumb that I shouldn't even bother responding to you, but....... are you seriously trying to compare monetary policy during the Obama presidency and monetary policy during the Trump presidency? Do you truly not understand why the strategies are different? Or is Hannity telling you it's a liberal conspiracy to make Trump look bad and you're lapping it up like a nice bowl of broccoli cheddar soup?
Broccoli cheddar soup...

Mmmm...
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Old 10-16-2018, 07:47 AM   #1521
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The best part is, he isn't kidding!
It's the Koolaid talking.

Trump's a genius, he cut middle class taxes,
raised taxes on the 1%
cut the deficit, everyone gets healthcare, cheaper and
better than ever and then fixed the infrastructure.
Just like he promised..


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Old 10-16-2018, 09:24 AM   #1522
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The plan is to increase the deficit then slash-and-burn protections to "save" the economy.
the irony being the voters who put Trump, McDonnell and Ryan in place are socialists when it comes to the Medicare and SS....

Democrats are SO DUMB not running a a balanced fiscal plan... but maybe that doesn't really matter anymore, I'm not sure.
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Old 10-16-2018, 10:06 AM   #1523
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The tax cuts to an already strong economy has made it stronger in the short term.. Not one person was saying the tax cuts would stimulate the economy a little as corporations have more money to spend. The reason the tax cuts will ruin the economy are because of what is going to follow.

US deficit rises 17% to the highest level since 2012

The deficit rose to $779 billion in fiscal year 2018, up 17% from last year, according to final figures released Monday by the Treasury Department. That's the largest number since 2012, when the country was still spending massively to stimulate an economy struggling to recover.

Government receipts were flat this year from last year. Corporate tax collections fell $76 billion, or 22%, due to the Republican-backed tax cut. But that drop was more than offset by increased revenues from individual and self-employment taxes. The fiscal year ended September 30.

complete article
Obama admin projected deficit to increase due to Obamacare including Medicaid expansion. Maybe you forgot? I'll post Obama's projected deficits later.
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Old 10-16-2018, 10:12 AM   #1524
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Obama admin projected deficit to increase due to Obamacare including Medicaid expansion. Maybe you forgot? I'll post Obama's projected deficits later.
Its getting hilarious that no one wants to take responsibility for anything once they have the power to do so...
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Old 10-16-2018, 10:12 AM   #1525
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You're so dumb that I shouldn't even bother responding to you, but....... are you seriously trying to compare monetary policy during the Obama presidency and monetary policy during the Trump presidency? Do you truly not understand why the strategies are different? Or is Hannity telling you it's a liberal conspiracy to make Trump look bad and you're lapping it up like a nice bowl of broccoli cheddar soup?
Your post is completely devoid of fact, like all your other posts. Feds kept rates at zero, because if not, Obana economy would've crashed into another recession. Only way the US economy actually "grew" at all under Obama was $10T in deficit spending and $4.5T arrival added to the fed balance sheet.

Meanwhile Trump's economy is growing at 4.2%, interest rates have normalized, and we're paying down the fed balance sheet. All things Obama and the Democrats Todd us were impossible. Keep up the insults TonyR, at this point it's all you've got.
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