Ken Mac
Platinum Member
Ray - correction:Maybe there is a solution....States run by Republican governors on average have economically outperformed states run by Democratic governors in recent months.
The difference in economic growth is likely due to the pathway of the coronavirus pandemic in the first few months and the economic restrictions imposed by Democratic governors.
Overall, Democratic-run states, particularly those in the Northeast and Midwest, had larger contractions in gross domestic product than Republican-run states in the Plains and the South, according to the latest state GDP data for the second quarter of 2020, released by the Commerce Department on Friday. Of the 20 states with the smallest decrease in state GDP, 13 were run by Republican governors, while the bottom 25 states with the highest decrease in state GDP were predominantly Democratic-run states.
Furthermore, the average unemployment rate across Republican states was 6.5% in August, compared to an average of 9% in Democrat states, according to an analysis of unemployment data by the Heritage Foundation, a conservative think tank.
There are multiple factors that lead to the split between the outcomes in Democratic and Republican states.
“The different economic shutdown policies and restrictions plays a big role,” said a senior economist in the Trump administration.
“But you also have to remember that in the second quarter, many Republican states hadn’t really been hit by the virus yet, like Texas, Arizona, and parts of Florida,” the official said. He said that Republican states were hit worse by the virus in the third quarter than the second, as the pandemic spread west and south.
“Also, the mix of industries in each state could also affect the economic growth, like Nevada, which is hugely dependent on travel and tourism,” the official added.
Red states are outperforming blue states economically - Washington Examiner
States run by Republican governors on average have economically outperformed states run by Democratic governors in recent months.The difference in economic growth is likely due to the pathway of the coronavirus pandemic in the first few months and the economic restrictions imposed by Democratic...www.washingtonexaminer.com
In spite of our dropping unemployment rate, the Democrats are still trying to tug the other way hoping to maintain a bad economy up to election day. We on the right have insisted this has been their plot all along, but the left are convinced by their puppet masters their leaders are stalling the economy for their own good.
Now that we have some results to look at, and what Biden said in his own words that he's be willing to shutdown the country if necessary, we have to ask ourselves if we want the entire country to be managed like these low performing blue states.
If you are a Trump hater, you have to ask yourself before voting: Do you hate Trump more than you love our country, or is it the other way around?
Leave it to the states to handle the economic fallout in their own state (without the red states having to bail out the blue states for their failures)...
Then watch the blue states implode from the budget shortfalls!!!
If you play, you pay!!!
Yes, but that's kind of long term. What they are doing now is specifically for the election which is only a month away. The more racism, riots and failing economy they can create, the better for them.
Since most of its going on in blue states I think voters are smart enough to see what going on. I know I sure can see it.
Are they smart enough?
Are they smart enough to know that Biden's agenda includes getting rid of Bush and Trump's tax cuts on our job producers when we need them the most?
Are they smart enough to understand his plans to destroy the suburbs that will lead to hundreds of billions of dollars in lost property value by moving in low-income, high-crime people into those areas for social justice?
Are they smart enough to realize what damage would take place to our stock market where many of us have our IRA's because of his increased capital gains taxes?
Are they smart enough to understand that we could actually go into a depression if Joe shuts down the country as he said he would if our medical experts advised him?
Are they smart enough to understand they will no longer be paying $2.09 per gallon of gasoline, and $110.00 their highest gas bill in the winter up north if Biden and Harris gets rid of fossil fuels and what that would do to our already bad economy? Are they smart enough to understand that our fuel prices would double or more?
Are they smart enough to understand that all those green jobs would only replace all those lost jobs in the fossil fuel sector? Are they smart enough to understand we are the worlds largest energy exporter? Are they smart enough to understand you can't export green energy?
I'm sorry, but I don't think they are smart enough. If they were smart enough, Joe and Kamala would be down by 20 points in the polls today.
You don't pay capital gains taxes on your IRA. You pay income taxes when you make a withdrawal.
Any savings you have in a brokerage account that you purchase stocks with will pay more in capital gains. but you have to have more than 80K in capital gains before you pay anything unless your income is above 65K (not sure about the 65k - but there is a limit in which you start to pay capital gains.)
so really it won't hurt anyone but the really well off. I'm for raising capital gains but it needs to be incremental based on income and it should be capped at 28%. I don't think the market impact will be too great. CEO and such will start taking more income and less stock options and they will start paying more in income taxes.