Economists Credit Trump as Tailwind for U.S. Growth, Hiring and Stocks

[WeToddDid2]

This is absolutely surreal. Good one.

 

[Tsing Tao]

I think you are confusing the debt with the deficit. Why am I not surprised?

There has been a deficit since 2001. To argue that the deficit has decreased during any time frame is horseshit. Reminds me of an old boss that used to say "our losses are decreasing at a higher rate". If one year you are losing 200 million, and the next you are losing 180 million, you are still losing. Only an economist would claim that's a good thing, unless you can show a declining deficit for a long period of time (10 years or something).

Another gag you con artists will refer to is the deficit as a percent of GDP. That's always a hilarious statistic trick that you folks think no one has caught onto. All that simply says is "oh yeah, I can borrow a lot more if I'm bringing in more cash." Awesome if you operate on a balanced budget procedure (we don't) because you won't spend more than you bring in. But that's not the way the government works. Following that stat means governments add programs, but then once revenues decline they never get rid of the programs and we have ourselves in a larger overspend situation.

This doesn't even take into account that the government will, when convenient, change the calculation methodology of GDP!

You're a fraud.

Deficit by year.

 

[Tsing Tao]

E-CON-omists.

 

[Cuddles]

E-CON-omists.

Will the voters see the benefit though? What's so great about a bigger tax return if the buying power is lessened?

 

[Tom B]

E-CON-omists.

Well, economics is a soft science, so there's more room for subjective political biases.

 

[Tony Stark]

You stated that the deficit went down during Obama's Presidency. That is not true. Period.

That is true.Period.

 

[Max E.]

Oh yeah, the rock I've been living under. You know, my pseudo libertarian friend, that institution you so cheerfully cheerlead called the Federal Reserve is the most guilty organization by far in causing the aforementioned inequality catastrophe. By inflating assets, providing the rich a windfall, and penalizing savers and pensioners, they have contributed to the single biggest theft of our time in shifting wealth from grandma and grandpa to Wall Street, hedge funds and the rich. I am stating this from the side of the relatively well off, as one of the few percentage of people who actually own and benefit from stock prices.

But somehow it is all Trump's fault with passing a tax plan. Somehow, Trump has singlehandedly caused the massive disparity in wealth in the last 12 months or so, but Obama - who presided over the massive QE experiment of the last 8 years is blameless. As is your pal Janet and Bernanke.

If anything, at least Trump's plan gets money into the hands of the average person. It's not a lot, it's a flawed plan and most of the cuts go to the rich. I'm on record as stating that the tax plan is crap. But it's far better than the theft of the past decade of "emergency measures" at the Federal Reserve. What a joke.

This is why having a discussion with you is pointless. You're not honest. You're disingenuous. You're hypocritical. You push a narrative and pretend to care about the peasants because it is a popular view for you liberals.

But the rest of us know better.

LOL, man ive all but given up, there is people on this site who will actuallly claim that increasing the labour supply somehow builds an economy......... unfortunately there isnt a single argument that can legitimately substantiate that argument, but who cares, economics is now based on "Feelings" Meaning numbers no longer matter the onlt thing that matters is how people feel about it.

There is no one who is literate in the market or economics who thinks that raising wages and raising regulations and raising taxes actually presents a giant boom to the economy, so if that side is demonstably false how can the inverse be true? The answer is that it cant.


I would love for a liberal to explain to me mathematically how adding millions of people to the labour supply is better for the wages of the american guy living in a "Shithole" anywhere outside of the shite holes dems have created.

 

[jem]

the deficit did not go down. there was a short fall every year. so under Obama the deficit went up about 7 trillion dollars.
we also borrowed most of the the money so the national debt went up as well.

if you or exthinker were trying to be honest you might say that the yearly budget deficits were declining until 2014 and then they started going up again.

That is true.Period.

 

[Max E.]

Jem your making yourself sound real dumb here sorry i like you dude but the deficit went down...... only after republicans took boith houses though....

 

[jem]

fantasy bullshit. I was in school in d.c. at the time and worked on the hill. I observed the passage of star wars from the gallery.
One of my professors edited the few hundred page report which briefed congress real time as it was happening.

He predicted exactly what was about to happened but warned how dangerous it could be.
He explained that 30 percent of russian gpd was going to defense and the generals admitted they could not keep up with star wars spending an with the pressure coming from poland the generals and hardliners had to give in to glastnost.

The history is there for all to read... but a lefty like you could not admit it.

this is utter fantasy, but popular fantasy none the less. The movie version may be released soon, watch for it in a theater near you.

Jem, I agree that there are significant differences in the Reagan and Trump cuts, however they both leave the greater part of the excess money left to circulate in the economy, i.e., the deficit, on what we call the supply side rather than the demand side. Both involve bracket collapse at the top end with very large rate decreases for the highest marginal rate. It was a bad idea when Reagan did it. It's a bad idea when Trump does it. It is not that the Republicans haven't learned anything from the results of the Reagan cuts; it's that they have learned how to capture the federal government and bend it to their own selfish interests, leaving out millions! They are very good at what they do!