Revenues are down down dow

[Billy000]

We had eight years of fiscal stagnation under Obama and the National Debit went up and we got nothing for it but the left didn't complain. Today hypocrite lefties enjoy record employment and a DOW that approaches record territory weekly and their 401k's are making money instead of losing but they still find statistics to whine about.

“Wahhh! Well Obama did XYZ wahhh!”

 

[Harpy Eagle]

We had eight years of fiscal stagnation under Obama and the National Debit went up and we got nothing for it but the left didn't complain. Today hypocrite lefties enjoy record employment and a DOW that approaches record territory weekly and their 401k's are making money instead of losing but they still find statistics to whine about.

The DOW is basically where it was on Jan 2, it has not sniffed a record in 6 months. And since the markets are stagnant most people's 401ks are not making much money.

Why is it you hypocrite righties whined for 8 years about the debt and now you celebrate it?

 

[The VOR]

Well then you should be against the illegals and asylum seekers most of whom will be on tax funded assistance programs their entire lives.

Wrong. The majority of them work harder than you and contribute more to this country than you ever will.

 

[The VOR]

We had eight years of fiscal stagnation under Obama and the National Debit went up and we got nothing for it but the left didn't complain. Today hypocrite lefties enjoy record employment and a DOW that approaches record territory weekly and their 401k's are making money instead of losing but they still find statistics to whine about.

Yeah, all Obama did was pull us back from the brink of a depression.

 

[karpenter]

The bulk of that difference stems from larger-than-anticipated payments of individual income taxes. Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year.

Yes !!

"Those payments were mostly related to economic activity in 2017
and may reflect stronger-than-expected income growth in that year."

That's The Bottom Line
That You All Want To Parse To Avoid
Things Are Now Getting Better For Everyone

Good Thing The Incompetent Community Organizer Crew
Is Finally Out Of The Way After 2016

 

[karpenter]

The DOW is basically where it was on Jan 2, it has not sniffed a record in 6 months. And since the markets are stagnant most people's 401ks are not making much money.

Where Was It On Jan 2 2017 ??
401's Have Done Well

You Think A New Record
Needs To Be Posted Every Month To Be A Success ??

There's Due To Be A Retracement/Adjustment
But It Won't Go Back Or Below Were It Was Before
Will You Then Claim That's A Catastrophe
And Ignore It As It Climbs Back Up ??
That's What You're Doing Now

Things Are Markedly Better Now
And Better For You Too,
Whether You Feel Like Acknowledging It Or Not

Now Go Knock A Few Rounds With Pelosi If You Like

 

[Dana7360]

The DOW is basically where it was on Jan 2, it has not sniffed a record in 6 months. And since the markets are stagnant most people's 401ks are not making much money.

Where Was It On Jan 2 2017 ??
401's Have Done Well

You Think A New Record
Needs To Be Posted Every Month To Be A Success ??

There's Due To Be A Retracement/Adjustment
But It Won't Go Back Or Below Were It Was Before
Will You Then Claim That's A Catastrophe
And Ignore It As It Climbs Back Up ??
That's What You're Doing Now

Things Are Markedly Better Now
And Better For You Too,
Whether You Feel Like Acknowledging It Or Not

Now Go Knock A Few Rounds With Pelosi If You Like

The dow was at 20 thousand something when trump took office.

The dow was 7 thousand something when Obama took office.

Obama increased the dow by around 13 thousand points while in office.

The man was handed the worst economy since 1933 when hoover handed the republican great depression over to Roosevelt.

Obama was handed 10% unemployment which he decreased down to 4.7%

That's a decrease of 5.3%

Obama handed trump a good economy.

When trump increases the dow over 13 thousand points. When he decreases unemployment by 5.3%, I'll be impressed.

So far trump has added around 4 thousand to the dow. He's decreased unemployment by 7 tenths of one percent. Not even a full percentage.

And you people think Obama did a bad job leaving a mess?

Your delusions are so messed up there are no words to describe it.

 

[BluesLegend]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Dude you REALLY suck at math your numbers are all screwed up. And I think we know why you skipped April 2018, the nearly $32 billion dollar surplus vs 2017.

READ THE THREAD DUMMY

Huge chunk of April revenues is from settlemetns of last year taxes

Idiot check your math, as for your intentional dishonesty leaving out April we all know why you did that.

 

[Thinker101]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Dude you REALLY suck at math your numbers are all screwed up. And I think we know why you skipped April 2018, the nearly $32 billion dollar surplus vs 2017.

READ THE THREAD DUMMY

Huge chunk of April revenues is from settlemetns of last year taxes

Idiot check your math, as for your intentional dishonesty leaving out April we all know why you did that.

And where oh where is antontoo, he needs to do some damage control.

 

[buckeye45_73]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Anyone else tired of the greedy drama queen?

And there you have it - from wearing tea bags on their heads to now calling national debt concerns "greedy"

you do realize tax cuts increase revenue but it does take a year or two for the growth to kick in.......so the first year or two you lose money.........it's like you've never seen this before.

 

[Meister]

The DOW is basically where it was on Jan 2, it has not sniffed a record in 6 months. And since the markets are stagnant most people's 401ks are not making much money.

Where Was It On Jan 2 2017 ??
401's Have Done Well

You Think A New Record
Needs To Be Posted Every Month To Be A Success ??

There's Due To Be A Retracement/Adjustment
But It Won't Go Back Or Below Were It Was Before
Will You Then Claim That's A Catastrophe
And Ignore It As It Climbs Back Up ??
That's What You're Doing Now

Things Are Markedly Better Now
And Better For You Too,
Whether You Feel Like Acknowledging It Or Not

Now Go Knock A Few Rounds With Pelosi If You Like

The dow was at 20 thousand something when trump took office.

The dow was 7 thousand something when Obama took office.

Obama increased the dow by around 13 thousand points while in office.

The man was handed the worst economy since 1933 when hoover handed the republican great depression over to Roosevelt.

Obama was handed 10% unemployment which he decreased down to 4.7%

That's a decrease of 5.3%

Obama handed trump a good economy.

When trump increases the dow over 13 thousand points. When he decreases unemployment by 5.3%, I'll be impressed.

So far trump has added around 4 thousand to the dow. He's decreased unemployment by 7 tenths of one percent. Not even a full percentage.

And you people think Obama did a bad job leaving a mess?

Your delusions are so messed up there are no words to describe it.

Could you state just what policies Obama implemented to turn the recession around?
Please be specific.
You seem to be pretty smart so this shouldn't be a problem

 

[karpenter]

And you people think Obama did a bad job leaving a mess?
Your delusions are so messed up there are no words to describe it.

Could you state just what policies Obama implemented to turn the recession around?
Please be specific.
You seem to be pretty smart so this shouldn't be a problem

Considering The Recession Was Officially Over Before Obama Even Filled His Cabinet
As Recovery Started Before He Was Sworn In

https://multimediaman.files.wordpress.com/2011/01/chart1recessionandrecovery.jpg

 

[Indeependent]

I think we should stop all the construction.

 

[Indeependent]

The DOW is basically where it was on Jan 2, it has not sniffed a record in 6 months. And since the markets are stagnant most people's 401ks are not making much money.

Where Was It On Jan 2 2017 ??
401's Have Done Well

You Think A New Record
Needs To Be Posted Every Month To Be A Success ??

There's Due To Be A Retracement/Adjustment
But It Won't Go Back Or Below Were It Was Before
Will You Then Claim That's A Catastrophe
And Ignore It As It Climbs Back Up ??
That's What You're Doing Now

Things Are Markedly Better Now
And Better For You Too,
Whether You Feel Like Acknowledging It Or Not

Now Go Knock A Few Rounds With Pelosi If You Like

The dow was at 20 thousand something when trump took office.

The dow was 7 thousand something when Obama took office.

Obama increased the dow by around 13 thousand points while in office.

The man was handed the worst economy since 1933 when hoover handed the republican great depression over to Roosevelt.

Obama was handed 10% unemployment which he decreased down to 4.7%

That's a decrease of 5.3%

Obama handed trump a good economy.

When trump increases the dow over 13 thousand points. When he decreases unemployment by 5.3%, I'll be impressed.

So far trump has added around 4 thousand to the dow. He's decreased unemployment by 7 tenths of one percent. Not even a full percentage.

And you people think Obama did a bad job leaving a mess?

Your delusions are so messed up there are no words to describe it.

You know what happens to the Stock Market when money is taken out of it and is spent on economic expansion?
It goes down a bit.

 

[karpenter]

you do realize tax cuts increase revenue but it does take a year or two for the growth to kick in.......so the first year or two you lose money.........it's like you've never seen this before.

They Are Rather Dis-Honest
Wanting To Keep The Discussion Narrow And Limited
To What They Want It To Be

It Won't Take Long This Time
Even If They Do Demand Instantaneous Results
The Results Are Already Happening In The General Economy
And They Deliberately, And Dishonestly
Ignore It

Besides
Budgetary 'Surplus And Deficits'
Are Just Accounting Ploys

As Obama Said:
'Deficits Don't Mean Anything'
As He Jacked The DEBT
From $9-10Trillion To About $21
With Nothing More Than A Doldrum Economy
To Show For It

I'm Sure Glad We Made History In 2008
So We Could Waste 8yrs Domestically And Abroad
To Get Where We Should Have Been Then, Now

 

[karpenter]

I think we should stop all the construction.

Yeah
Trump's Only Doing That To Fill His Own Larder Anyway

 

[yiostheoy]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

When you compare, you are supposed to compare with the SAME MONTH in the PRIOR YEAR.

So try this again.

 

[my2¢]

We had eight years of fiscal stagnation under Obama and the National Debit went up and we got nothing for it but the left didn't complain. Today hypocrite lefties enjoy record employment and a DOW that approaches record territory weekly and their 401k's are making money instead of losing but they still find statistics to whine about.

One side using the other to justify fiscal irresponsibility doesn't change the fact that in years ahead service of the debt will be taking ever bigger bites out of the budget. Obama's deficit was atrocious during his first term, ridiculous during his 2nd term, and with the start of Trump's era we're predicted to end up midway between those two. When it comes to the debt, neither party can claim the high ground.

As for 401k's, one would have had to try real hard to lose money over the last nine years.

 

[BluesLegend]

Businesses hoarded trillions of dollars on the sidelines during the Obama regime, unwilling to take a risk on expansion under Obama's anti business jobs killing policies and regulations. That money is now starting to be spent on expansion under Trump's pro business policies and tax cuts, hold onto your hat people.

 

[AntonToo]

June revenue numbers are out and it ain't looking pretty for our fiscal situation.

Free lunch tax-cut theorists need to pay attention here.

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B

So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.

Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.

Monthly Treasury Statement

Anyone else tired of the greedy drama queen?

And there you have it - from wearing tea bags on their heads to now calling national debt concerns "greedy"

you do realize tax cuts increase revenue but it does take a year or two for the growth to kick in.......so the first year or two you lose money.........it's like you've never seen this before.

They do not increase revenues. There are secondary effects (dynamic effects) but they only recoup a fraction of up front cost.

Economists left, right and center agree on this general principle.

1.5 trillion is the first order 10 year cost, it goes down to about 1 trillion with generous allowance for dynamic feedback.