The Derp
Gold Member
- Apr 12, 2017
- 9,620
- 661
- 205
- Banned
- #401
It's true, Obama's stock market help for the middle class didn't make up for his weak jobs and wage growth.
Obama created more jobs than Bush the Dumber. In fact, Obama enjoyed a streak of 75 months of consecutive job growth...which is a record. And that was back when you all predicted the exact opposite if Obamacare was passed and if Obama let the Bush Tax Cuts on the wealthy expire. Remember? Y'all said those things would kill jobs. You were wrong. Now you're saying it slowed growth even though Obama enjoyed record job growth that Trump's been unable to match this year.
You're not very good at what you do.
Who claimed it did? Where?
So then you would agree that cutting the corporate profits tax will have no effect on consumer demand? So if it's not going to affect consumer demand, why do it? Corporations expand and invest prior to their profits being taxed, so cutting the corporate rate isn't factoring into the decision to expand. So it's really just about enriching the shareholders and executives. And you misrepresent that as beneficial to the economy.
Ireland, historically poorer than the UK. So much so that millions of Irish fled to America....suddenly has a higher GDP per capita than the UK. Oddly, it appears they surpassed the UK.......wait for it.......a few years after they cut their corporate tax rate.
And here come the bevy of excuses as to why Ireland's GDP growth rate experienced more period of economic contraction than the EU, and the UK has a lower unemployment rate because...Irish people are poorer? Huh?
So great, Ireland grew their GDP per capita. But was that growth equal among all income groups? I'm guessing it wasn't, which is why you didn't post that data...because it would show incomes for the top 1% taking the lions share of the GDP growth while everyone else saw middling growth in wages. That's why you didn't post that data, isn't it? You know, GDP per capita increased in the United States during Obama too. And what was the problem with that? All the gains went to the top. How much you wanna bet that also happened in Ireland? That the GDP per capita grew because incomes for the top grew astronomically, and everyone else's incomes grew nominally, just like here.
So you did that thing again where you dishonestly push a set of cherry-picked data points and hope that I don't call you on it.
Whine to Google and the World Bank.......
So what you did was scour the internet for a set of cherry-picked data that you could frame as a positive benefit of the tax cuts that appear to have none at all. And you did that because you don't want to have to admit you're full of shit and what you believe is full of shit.
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