Did Somebody Mention Wall Street!

[westwall]

Did Somebody Mention Wall Street!


Dopey Donald Trump with his Goofy Hat just announced an 'economic' team with few to zero economists on it.

Donald Trump has released the names of his economic advisers, a list heavy with Wall Street and real estate industry figures, but short of actual economists.

The names include several people from the world of hedge fund and private equity firms, including Steven Feinberg, chief executive and co-founder of Cerberus Capital Management; Thomas J. Barrack, chief executive of Colony Capital Management; and John Paulson, president of a hedge fund company bearing his name.

One major oil industry executive is on the list: Harold Hamm, CEO of Continental Resources, who made a fortune in Bakken Shale formation and is said by Forbes to be worth almost $13 billion.

Among the real estate industry executives Trump named are Howard M. Lorber, president and CEO of Vector Group, and Steven Roth, chief executive of Vornado Realty Trust.

The Trump campaign said in a statement that the team is comprised of the "top economists in the country as well as the most successful industry leaders in finance, real estate and technology."

"I am pleased that we have such a formidable group of experienced and talented individuals that will work with me to implement real solutions for the economic issues facing our country," Trump said in a statement. He added:

"For too long we have watched as President Obama and Hillary Clinton have ruined our economy and decimated the middle class. I am going to be the greatest jobs President our country has ever seen. We will do more for the hardworking people of our country and Make America Great Again."

Trump Names Wall Street And Real Estate Titans As Economic Advisers

Wall Street billionaires to advise Trump on populist economics

Wait a second, he wants people with real world experience?
Can't he just use academics, like Obama?

Wait a minute, what has Trump said about these people?

May as well hire Joe The Plumber to head the Trade Office

He'd probably do a better job. obummers science adviser famously predicted that the USA would be an economic wasteland and billions would be dead, BY THE 1980's! With that level of competency I can see why trump would take a different route.

 

[Toddsterpatriot]

Companies with no earnings pay zero. How much do you feel they should pay?

Earnings? Is that a liberal Hollywood corp that earns Billions but writes off gazzillions, so with the voodoo of accounting a profit turns into a loss?

Imagine all that stuff they buy, bought with mysterious non profits.

It's true, corporations get to write off expenses before they calculate taxes.
Derp!

 

[Toddsterpatriot]

Companies with no earnings pay zero. How much do you feel they should pay?

Earnings? Is that a liberal Hollywood corp that earns Billions but writes off gazzillions, so with the voodoo of accounting a profit turns into a loss?

Imagine all that stuff they buy, bought with mysterious non profits.

so with the voodoo of accounting a profit turns into a loss?

Math. Scary stuff!

 

[Procrustes Stretched]

He'd probably do a better job. obummers science adviser famously predicted that the USA would be an economic wasteland and billions would be dead, BY THE 1980's! With that level of competency I can see why trump would take a different route.

Okay, more personal attacks on Obama (changing the subject) and no refutation or challenges to the content?

You lose. Join Toddsterpatriot in the after school class 4 dummies

 

[westwall]

He'd probably do a better job. obummers science adviser famously predicted that the USA would be an economic wasteland and billions would be dead, BY THE 1980's! With that level of competency I can see why trump would take a different route.

Okay, more personal attacks on Obama (changing the subject) and no refutation or challenges to the content?

You lose. Join Toddsterpatriot in the after school class 4 dummies

Umm, that was a personal attack on his science adviser. Do try and keep up. And, based on the track record of what these "academics" have done, they are failures. Thus, if trumpy wants to try something different, good for him.

 

[Procrustes Stretched]

It's true, corporations get to write off expenses before they calculate taxes.
Derp!

Complaining about a tax rate that you do not pay, is like complaining about the bad sex promised, but never delivered. Like when that prostitute stole your money and never had sex with you, and to save your wounded pride you claimed the sex sucked anyway. *story



derp? what is that, a special olympics burp?

 

[Procrustes Stretched]

He'd probably do a better job. obummers science adviser famously predicted that the USA would be an economic wasteland and billions would be dead, BY THE 1980's! With that level of competency I can see why trump would take a different route.

We're talking about a team of economic advisers and you are still stuck on climate change?

 

[Procrustes Stretched]

Companies with no earnings pay zero. How much do you feel they should pay?

Earnings? Is that a liberal Hollywood corp that earns Billions but writes off gazzillions, so with the voodoo of accounting a profit turns into a loss?

Imagine all that stuff they buy, bought with mysterious non profits.

so with the voodoo of accounting a profit turns into a loss?

Math. Scary stuff!

Math? Sure. Voodoo? Seriously. Write offs of profits and loses have to be approved and codified -- you know, regulated?

 

[westwall]

He'd probably do a better job. obummers science adviser famously predicted that the USA would be an economic wasteland and billions would be dead, BY THE 1980's! With that level of competency I can see why trump would take a different route.

We're talking about a team of economic advisers and you are still stuck on climate change?

His science adviser is an excellent analog for the shit econ advisers he used. Face it dainty, his admin has been a disaster. It's not all his fault by any means, but his cabinet sucked, his advisers sucked. It's hard to do a good job when you suck at it. Just sayin...

 

[Procrustes Stretched]

The problem with Toddsterpatriot is he is arguing with straw men and imaginary opponents opposed to our system. He believes calling it for what it is is an attack. I can see him demanding death for the child who exposed the Emperor and his 'new' clothes

 

[westwall]

The problem with Toddsterpatriot is he is arguing with straw men and imaginary opponents opposed to our system. He believes calling it for what it is is an attack. I can see him demanding death for the child who exposed the Emperor and his 'new' clothes

Kind of like you do. Pot, meet kettle.

 

[Procrustes Stretched]

The problem with Toddsterpatriot is he is arguing with straw men and imaginary opponents opposed to our system. He believes calling it for what it is is an attack. I can see him demanding death for the child who exposed the Emperor and his 'new' clothes

Kind of like you do. Pot, meet kettle.

really?

 

[MaryL]

Donald Trump might be the Antichrist. The Archetype that appeals to the worst angels of our nature.

 

[Slashsnake]

Donald Trump said “hedge fund guys are getting away with murder”

he also lied: "because business -- we’re the highest-taxed nation in the world. ”


"In an interview with "Face The Nation" on Sunday, Trump appeared to call for higher taxes on hedge-fund managers, who he said are "getting away with murder."

"They're paying nothing, and it's ridiculous. I want to save the middle class,"Trump told CBS's John Dickerson. "The hedge-fund guys didn't build this country. These are guys that shift paper around and they get lucky.""

So Toddsterpatriot believes "guys that shift paper around and they get lucky" and guys who get "away with murder" are what makes a great team of economic advisers?

Here's the issue I have with taxes. We should be taxed on our money ONCE.

If I earn a payroll check every week, sure, take taxes out of those. The issue I have is how the government takes taxes out of money that was ours to begin with. A few examples... Sales tax, tax on interest, tax on winnings (like casino and lottery), and taxes on dividends (such as credit union or stocks). If I'm already taxed on the money that's in my pocket, I shouldn't be taxed again when I go to buy something. I shouldn't be taxed when I win money when gambling and why should I be? I was already taxed on the money I used to win more of it. Why should be be taxed on the money I get from a savings account with money already paid my fair share of taxes with? The interest I earn is to keep up with inflation.

It seems like if Uncle Sam doesn't get a piece of every penny of money that exchanges hands between citizens, they get upset and throw you in jail.

 

[Procrustes Stretched]

Here's the issue I have with taxes. We should be taxed on our money ONCE.

If I earn a payroll check every week, sure, take taxes out of those. The issue I have is how the government takes taxes out of money that was ours to begin with. A few examples... Sales tax, tax on interest, tax on winnings (like casino and lottery), and taxes on dividends (such as credit union or stocks). If I'm already taxed on the money that's in my pocket, I shouldn't be taxed again when I go to buy something. I shouldn't be taxed when I win money when gambling and why should I be? I was already taxed on the money I used to win more of it. Why should be be taxed on the money I get from a savings account with money already paid my fair share of taxes with? The interest I earn is to keep up with inflation.

It seems like if Uncle Sam doesn't get a piece of every penny of money that exchanges hands between citizens, they get upset and throw you in jail.

Gambling. Hello? The argument for legalizing it in the first place was was because it would be a source of tax revenue. So I am at a loss on how to interpret your argument. It makes little sense in the context you posited it. If you want to go withe the nutty idea that 'taxation is theft' I suggest you do so. If you want to suggest taxes are unfair? Life is unfair.

Everything OUR government taxes is ours to begin with. Even the liberty to start a business is with OUR permission. No one has a right to do anything they want. We have a social compact. We've had one since the days of the Mayflower Compact. You have no right to start a pig farm next door to my home or convenience store.

What is it about taxes you dislike?

 

[Slashsnake]

Here's the issue I have with taxes. We should be taxed on our money ONCE.

If I earn a payroll check every week, sure, take taxes out of those. The issue I have is how the government takes taxes out of money that was ours to begin with. A few examples... Sales tax, tax on interest, tax on winnings (like casino and lottery), and taxes on dividends (such as credit union or stocks). If I'm already taxed on the money that's in my pocket, I shouldn't be taxed again when I go to buy something. I shouldn't be taxed when I win money when gambling and why should I be? I was already taxed on the money I used to win more of it. Why should be be taxed on the money I get from a savings account with money already paid my fair share of taxes with? The interest I earn is to keep up with inflation.

It seems like if Uncle Sam doesn't get a piece of every penny of money that exchanges hands between citizens, they get upset and throw you in jail.

Gambling. Hello? The argument for legalizing it in the first place was was because it would be a source of tax revenue. So I am at a loss on how to interpret your argument. It makes little sense in the context you posited it. If you want to go withe the nutty idea that 'taxation is theft' I suggest you do so. If you want to suggest taxes are unfair? Life is unfair.

Everything OUR government taxes is ours to begin with. Even the liberty to start a business is with OUR permission. No one has a right to do anything they want. We have a social compact. We've had one since the days of the Mayflower Compact. You have no right to start a pig farm next door to my home or convenience store.

What is it about taxes you dislike?

Double taxation is pretty ridiculous, that's what I dislike.

Like I said, I shouldn't have to pay taxes on money that I've already paid taxes on.

If I want to gamble with my own money, I should be free to do so... The government shouldn't be able to tell me not to, nor should the government be able to take a piece of every penny that changes hands of two or more civilians.

 

[Toddsterpatriot]

Companies with no earnings pay zero. How much do you feel they should pay?

Earnings? Is that a liberal Hollywood corp that earns Billions but writes off gazzillions, so with the voodoo of accounting a profit turns into a loss?

Imagine all that stuff they buy, bought with mysterious non profits.

so with the voodoo of accounting a profit turns into a loss?

Math. Scary stuff!

Math? Sure. Voodoo? Seriously. Write offs of profits and loses have to be approved and codified -- you know, regulated?

You think the IRS lets corporations get away with stuff.......like the FBI does with Hillary? LOL!

 

[Indeependent]

Because the economists have done SO well by us.

Oh wait! Economists are responsible for the greed of people like Angelo Mozillo? And here we were told it was Barney Frank. Oh my!!!

""If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told Frank. In an op-ed piece in the Wall Street Journal, Lawrence B. Lindsey, a former economic adviser to President George W. Bush, wrote that Frank "is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters."" Barney Frank - Wikipedia, the free encyclopedia

Because the economists have done SO well by us.
They are merely paid tools.

 

[Procrustes Stretched]

Companies with no earnings pay zero. How much do you feel they should pay?

Earnings? Is that a liberal Hollywood corp that earns Billions but writes off gazzillions, so with the voodoo of accounting a profit turns into a loss?

Imagine all that stuff they buy, bought with mysterious non profits.

so with the voodoo of accounting a profit turns into a loss?

Math. Scary stuff!

Math? Sure. Voodoo? Seriously. Write offs of profits and loses have to be approved and codified -- you know, regulated?

You think the IRS lets corporations get away with stuff.......like the FBI does with Hillary? LOL!

reality check in aisle 3

 

[Procrustes Stretched]

Because the economists have done SO well by us.
They are merely paid tools.

What exactly are you claiming 'economists' have done? Come on Indeependent, show the boards what you're made of