Even Wall Street thinks this tax bill is a loser

[OnePercenter]

The DOW went up 200 points today. Which Wall Street are you referring to?

Investors want to make as much money before it gets tough again, ie, the Republican caused crash of 2008.

Sixty plus percent of the economy is middle class spending. Trumps tax bill HURTS the middle class.

 

[The Derp]

That is your opinion not a fact.

No. It's fact. After doing nothing to stop the worst terrorist attack in our country's history, Bush had the worst economic growth since the Great Depression, lost 460,000 net private sector jobs after 8 years, produced four record deficits in 8 years that doubled the debt, quagmired us in two unwinnable wars of occupation while failing to catch Osama bin Laden, and then he crashed the stock market.

That's objective policy failure.

You libs, tax increases are your solution to every problem just raise taxes and keep on raising them brilliant. /sarcasm That's why the American people kicked liberals to the curb, took the House away from you, took the Senate away from you, then elected Trump president and took the White House away from you. That's some rejection right there. The left need to take a time out and given thoughtful consideration to why the people have rejected them.

When Obama let the Bush Tax Cuts for the wealthy expire at the end of 2012, every single Conservative said the sky would fall. You were all universally wrong, and 2013 was one of Obama's best years of growth. Since you all were wrong then, why the fuck would you be right about anything now?

 

[BluesLegend]

That is your opinion not a fact.

No. It's fact. After doing nothing to stop the worst terrorist attack in our country's history, Bush had the worst economic growth since the Great Depression, lost 460,000 net private sector jobs after 8 years, produced four record deficits in 8 years that doubled the debt, quagmired us in two unwinnable wars of occupation while failing to catch Osama bin Laden, and then he crashed the stock market.

That's objective policy failure.

You libs, tax increases are your solution to every problem just raise taxes and keep on raising them brilliant. /sarcasm That's why the American people kicked liberals to the curb, took the House away from you, took the Senate away from you, then elected Trump president and took the White House away from you. That's some rejection right there. The left need to take a time out and given thoughtful consideration to why the people have rejected them.

When Obama let the Bush Tax Cuts for the wealthy expire at the end of 2012, every single Conservative said the sky would fall. You were all universally wrong, and 2013 was one of Obama's best years of growth. Since you all were wrong then, why the fuck would you be right about anything now?

An Obama best year really isn't anything to brag about Look its not rocket science, if the people agreed with Obama and the left they would still be in charge. The left didn't suffer some minor setback their party has been obliterated. Historical losses so epic you have to go back almost 100 years to find a time when Dem's took a beating that epic. So there's reality, and well your opinions.

 

[OnePercenter]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill...

...except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

Shouldn't business pay the same tax percentage as you? Tax to revenue - tax to income?

 

[OnePercenter]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Sure, Goldman Sachs, a bunch of upstanding folks.

As upstanding as "bankruptcy for profit" Trump.

 

[The Derp]

An Obama best year really isn't anything to brag about

Conservatives haven't had an economy as strong as Obama's in decades, not since 1985-6 and that was thanks to huge increases in government spending. You wish you had Obama's economy because he created more net private sector jobs in his 8 years than both Bushes did in 12. You're welcome, by the way.

Look its not rocket science, if the people agreed with Obama and the left they would still be in charge.

Hillary Clinton got 3 million more votes than Donald Trump. So the people did speak and they did agree. You guys also lost seats in the House and Senate in 2016 too.

The left didn't suffer some minor setback their party has been obliterated. Historical losses so epic you have to go back almost 100 years to find a time when Dem's took a beating that epic. So there's reality, and well your opinions.

It was only 11 years ago when a blue wave decimated the GOP.

 

[The Derp]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill...

...except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

Shouldn't business pay the same tax percentage as you? Tax to revenue - tax to income?

If corporations are people, then they should pay taxes like people.

 

[OnePercenter]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

Which makes money for me, but doesn't do shit for the middle class.

 

[BluesLegend]

An Obama best year really isn't anything to brag about

Conservatives haven't had an economy as strong as Obama's in decades, not since 1985-6 and that was thanks to huge increases in government spending. You wish you had Obama's economy because he created more net private sector jobs in his 8 years than both Bushes did in 12. You're welcome, by the way.

Look its not rocket science, if the people agreed with Obama and the left they would still be in charge.

Hillary Clinton got 3 million more votes than Donald Trump. So the people did speak and they did agree. You guys also lost seats in the House and Senate in 2016 too.

The left didn't suffer some minor setback their party has been obliterated. Historical losses so epic you have to go back almost 100 years to find a time when Dem's took a beating that epic. So there's reality, and well your opinions.

It was only 11 years ago when a blue wave decimated the GOP.

The people in 30 states elected Trump. And your loss of the House and Senate? Got nothing? Thought so. When Obama and the left won in 2008 he told us to sit in the back and don't do a lot of talking, that elections have consequences, that he won. Well what goes around comes around.

 

[The Derp]

The people in 30 states elected Trump.

And the total number of those people is less than the total number of people in the 20 states that voted for Clinton. So all you're doing is proving my point that more people wanted Clinton, which meant they approved of Obama's policies.

And your loss of the House and Senate? Got nothing? Thought so. When Obama and the left won in 2008 he told us to sit in the back and don't do a lot of talking, that elections have consequences, that he won. Well what goes around comes around.

You lost seats in the House and Senate in 2016, and are poised to lose more in 2018. 2018 looks to be a repeat of 2006, and 2020 will be a repeat of 2008. In both cases, Conservatives were whalloped.

 

[OnePercenter]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

When someone sells stock at a higher price, why isn't that good for the seller, his family and the economy?

Unless the 'someone' spends the entire gain into the economy......NO.

 

[OnePercenter]

Democrats claimed that the Republican tax bill would only benefit Wall Street and now they claim that it won't benefit Wall Street. Which is it? The problem with the left is that they thrive on bad times and stagnant economy and food stamps and illegal immigration and they see anything that might benefit the Country as a threat.

I haven't read such a claim. Please post.

 

[BluesLegend]

The people in 30 states elected Trump.

And the total number of those people is less than the total number of people in the 20 states that voted for Clinton. So all you're doing is proving my point that more people wanted Clinton, which meant they approved of Obama's policies.

And your loss of the House and Senate? Got nothing? Thought so. When Obama and the left won in 2008 he told us to sit in the back and don't do a lot of talking, that elections have consequences, that he won. Well what goes around comes around.

You lost seats in the House and Senate in 2016, and are poised to lose more in 2018. 2018 looks to be a repeat of 2006, and 2020 will be a repeat of 2008. In both cases, Conservatives were whalloped.

We both know the so called popular vote is meaningless in our presidential elections. I get why you on the left cling to that out of desperation after losing the House, Senate, White House, after we stole a SCOTUS nomination from Obama, and took nearly 1,000 Dem seats from you nationally. Ouch!

 

[Toddsterpatriot]

Even Wall Street thinks this tax bill is a loser

View attachment 164291

DURR!

According to Goldman Sachs, this tax bill will only increase growth by 0.3% for 2018-19 and then either flat-line, or contract the economy beginning in 2020.

That's a loser.

According to Goldman Sachs, this tax bill will only increase growth by 0.3% for 2018-19

Oh no! Increased growth.

Oh no! Increased growth at time of growth. paid for with DEFICITS that ALREADY look disastrous.

Can ANYONE supporting these tax cuts explain to me why this is a good idea?

Looks like a good time to cut government spending.

Nope, good time to cut spending is BEFORE you fuck up already fucked up budget even further.

And here is another thing about cutting spending - IT IS CONTRACTIONARY. If we cut one trillion dollar in 2027 from government spending economy will contract by around 5% GDP and put us into recession.

And here is another thing about cutting spending - IT IS CONTRACTIONARY.

So are tax hikes. Why do you love deficits?

 

[Toddsterpatriot]

Oh no! Increased growth.

Not overall. By 2027, growth will flat-line or be negative. That's what Goldman Sachs says. You figure they'd want this tax cut more than anyone and would use any wild justification they can for it.

Not overall. By 2027, growth will flat-line or be negative.

Wow, growth projections 10 years out!

What's your previous 10 year prediction success rate?

That's what Goldman Sachs says.

All 34,000 of their employees?
Or maybe just a couple of economists?

 

[Toddsterpatriot]

Giving money to their shareholders doesn't increase net worth, spending, income?

Nope. Didn't happen during Bush the Dumber, won't happen now.

That's funny, every time I get a dividend my net worth increases.
If you received a dividend, would you bury it, spend it, invest it.....send it back?

 

[Toddsterpatriot]

Obama could have prevented this by leading Democrats to pass their own Tax Reform Bill...

...except Democrats TAKE - they don't give back, and Obama was too busy funding terrorists around the world and illegals inside the US.

Shouldn't business pay the same tax percentage as you? Tax to revenue - tax to income?

Tax to revenue - tax to income?

Why would you do that? Revenue is not income.

 

[Toddsterpatriot]

According to Goldman Sachs, the former employer of Trump's chief economic adviser, this tax bill will only increase growth 0.3% for 2018 and 2019 before either flat-lining, or producing negative growth beginning in 2020.

Goldman Sees U.S. Tax Cut Boosting Growth 0.3% Point in 2018-19
The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy
We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative," the Goldman economists wrote.​

Even Wall Street thinks this bill sucks.

Oh no, this bill will be very good for stocks.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

But as you say, not so good for the economy

When someone sells stock at a higher price, why isn't that good for the seller, his family and the economy?

Unless the 'someone' spends the entire gain into the economy......NO.

What if they spend half of it and invest half?

 

[Winston]

According to Goldman Sachs, this tax bill will only increase growth by 0.3% for 2018-19 and then either flat-line, or contract the economy beginning in 2020.

That's a loser.

According to Goldman Sachs, this tax bill will only increase growth by 0.3% for 2018-19

Oh no! Increased growth.

Oh no! Increased growth at time of growth. paid for with DEFICITS that ALREADY look disastrous.

Can ANYONE supporting these tax cuts explain to me why this is a good idea?

Looks like a good time to cut government spending.

Nope, good time to cut spending is BEFORE you fuck up already fucked up budget even further.

And here is another thing about cutting spending - IT IS CONTRACTIONARY. If we cut one trillion dollar in 2027 from government spending economy will contract by around 5% GDP and put us into recession.

And here is another thing about cutting spending - IT IS CONTRACTIONARY.

So are tax hikes. Why do you love deficits?

How are tax hikes contractionary?

 

[Winston]

Giving money to their shareholders doesn't increase net worth, spending, income?

Nope. Didn't happen during Bush the Dumber, won't happen now.

That's funny, every time I get a dividend my net worth increases.
If you received a dividend, would you bury it, spend it, invest it.....send it back?

Putting it back in the market is not much different than burying it.