So when Trump's tax reform passes the Senate this afternoon...

[Harpy Eagle]

Nothing you posted even resembled the truth. The idea that the Chocolate Messiah had anything to do with our current magnificent economy is just, well, retarded.

The only reason the stock market had gains under Obama was because of the Federal Reserve's quantitative easing. I know that's a $10 phrase, so if you don't know how it worked, look it up. The employment figures under Obama were dismal. They changed the whole way they looked at the numbers, and even quit counting those who had fallen through the cracks and quit looking for work. Food stamp usage was at an all-time high, which shows how little Obama really did for black folks. The mean income for the average American family also dropped something like $4,000 during his terms.

Get a clue. I suspect that you'll be crying in your milk this evening, after the plan is passed.

Well you have one thing right, Obama had nothing to do with it just like Trump does not.

As for the rest of your parroted talking points...well damn boy I hope you did not get too much kool aid on your shirt.

First off, QE is still going on, so any gains you attribute to Trump are supported by QE as well.
Second, the job numbers under Trump are counted in the exact same way as they were under Obama. Nothing has changed.
The number of people on foodstamps peaked in 2013 and has been coming down ever since.
Here is what the mean household income has done since 1965..notice nothing has gone down.

Basically every point you made is just pure bull shit.

View attachment 163654

First off, QE is still going on

QE ended in October 2014.
The Fed has held their balance sheet steady since then.

Yep, my bad I was thinking of the European Central Bank QE program that they started back in 15. Thanks for the heads up.
But also thanks for showing that all of the gains under Obama were not from the QE!

You have been most helpful!

 

[The Derp]

Economies are like oil tankers. They turn slowly.
Unemployment takes a while to rise in a downturn, takes a while to fall in a recovery.

And here's the parade of excuses. So tell me something, Toddster, apart from the recession in the middle of 2001, when else did Bush's economy contract prior to 2008? It didn't. In fact, 2001 had positive GDP growth overall. 2002-2007 had the shitty growth I showed in the below chart...growth attributed almost entirely to debt creation. I thought you were the anti-debt people? Guess that's just bullshit, huh? Looking at this chart, it appears that the only thing that kept your garbage economy afloat was debt. Debt, debt, debt. Well, you Conservatives are the debt people after all.

Clinton's great GDP and budget performance were due to the long term cap gains cut in 1997?

No, they were due to the tax increases that started in 1993. That's what forced businesses to invest. Because you get taxed on profits, not on reinvestment. That's something you Conservatives never have and never will understand. Because you simply lack the formal education and/or experience. So you just bullshit anonymously on a message board to make you feel better about yourself.

Maybe you should just do society a favor and follow in Brietbart's footsteps and drink yourself to death. You probably will anyway. "Deaths of despair" are high among your crowd. LOL! Imagine that...whiny Conservative nobodies who are so upset with their shitty stations in life they literally drink themselves to death.

 

[Reasonable]

Of course, if the Internet Bubble had continued for another decade, the surpluses would have continued.

There was a surplus in 2001 after the dotcom bubble had already burst. You shitheads erased that surplus by 2002 and turned it into the first of three record deficits by 2003. Even with the dotcom bubble burst, the recession, and 9/11, there was still a surplus for 2001. One you dolts removed when you cut taxes.

As usual, you don't know what the **** you're talking about and are lying your fat ass off.

Yup, the unsustainable Internet Bubble burst.

The internet bubble caused by your Capital Gains Tax Cut. And here's the thing, even with the Internet Bubble burst, 9/11, and the recession, 2001 still had a surplus. You removed that surplus by 2002 when you cut taxes. And growth? LOL!

Dems should run in 2018 and 2020 on a promise to hike taxes to pay for those things.Or maybe they should run on slashing spending to pay for them?

They're not going to need to because Trump's plan is going to cause another housing collapse and all the Conservatives will be flushed out of Congress because of it...just like they were flushed out the last time they tanked the housing market. Maybe this time, it'll take.

There was a surplus in 2001 after the dotcom bubble had already burst.

Economies are like oil tankers. They turn slowly.
Unemployment takes a while to rise in a downturn, takes a while to fall in a recovery.

The internet bubble caused by your Capital Gains Tax Cut.

Clinton's great GDP and budget performance were due to the long term cap gains cut in 1997?

Your best post ever.

 

[The Derp]

well I do know that 3.3% is greater than 1.1% GDP. You?

Who told you this tax plan would lead to 3.3% growth? Brownback? Yeah, he made the same wild claims in Kansas that turned out to be bullshit.

So why the **** should we believe you when you say tax cuts will lead to growth now? We already have 3.3% growth. So you want to cause a housing crisis, add $1.5T to the debt, and raise taxes for millions of old people to get 0.5% more growth? That's not a good deal at all.

 

[g5000]

Hey, what's another trillion dollars on the debt pile? No big deal.

It's Okay When Trump Does It!™

 

[g5000]

"I'm the king of debt. I love debt." - Donald J. Trump, CNN, May 2016

 

[g5000]

Here's what the psuedocon tards don't understand.

If you tax too much, you suppress revenues. They get that part.

What they don't get is that if you tax too little, you also suppress revenues. It only takes two seconds of critical thinking to understand this by simply imagining what would happen if you lower tax rates to ZERO.

They have not noticed that the most recent tax cuts have not stimulated the economy. So to think MOAR tax cuts will is ******* retarded.

Eventually, the DEBT is what matters. The DEBT is what eventually begins choking the living shit out of the economy. No tax cut in the world which ADDS to the DEBT will cause the economy to "dramatically" grow.

Jesus H. Christ.

 

[g5000]

Back when pseudocons pretended they cared about our federal debt while the black guy was in office:

Heritage Foundation: High Debt Is a Real Drag

Three teams of economists have separately shown that high government debt has a negative effect on long-term economic growth. When government debt grows, private investment shrinks, lowering future growth and future wages.

Estimates across advanced economies show that debt drag reaches large and statistically significant levels as debt grows, with the worst effects occurring after debt reaches 90 percent of gross domestic product (GDP). With U.S. federal, state, and local government debt at 84 percent of GDP and rising, policymakers should begin taking debt drag into account when considering new deficit spending.

 

[g5000]

More from the Heritage Foundation: The Many Real Dangers of Soaring National Debt

Recent and projected growth in U.S. government debt poses a serious hazard to the nation. At a minimum, high levels of government debt mean substantial government resources must go toward servicing debt—to pay interest. Further, theory indicates and a growing body of research suggests a consistent relationship between high levels of government debt relative to the size of the economy and abnormally high interest rates consistent with lower levels of domestic investment.

 

[g5000]

High Debt Drags Down the Economy

According to the Congressional Budget Office (CBO), rising debt levels could reduce projected annual income by between $2,000 and $6,000 per person by 2040

 

[g5000]

So much for the fake fiscal conservatives who can't bring themselves to criticize the GOP and Trump adding to our debt. Their morals have been so thoroughly corrupted, they are literally incapable of doing it.

They've shown their true character today.

"If a person has an R after their name, they can do no wrong. If a person has a D after their name, they can do no right."


That's all these assholes bleev in. Completely unprincipled.

 

[The Derp]

So much for the fake fiscal conservatives who can't bring themselves to criticize the GOP and Trump adding to our debt. Their morals have been so thoroughly corrupted, they are literally incapable of doing it.

They've shown their true character today.

"If a person has an R after their name, they can do no wrong. If a person has a D after their name, they can do no right."


That's all these assholes bleev in. Completely unprincipled.

I mean...we already knew this when they sold out to the troglodytes back in 2008 with Palin. This is the natural progression from that. Why would anyone be surprised?

 

[g5000]

Senate GOP tax plan would fall $1 trillion short of White House promises

One of the most controversial aspects of President Donald Trump's tax plan is how much it costs. Republicans approved adding up to $1.5 trillion to America's debt to pay for tax cuts for businesses and individuals, but they argue that the price tag won't be nearly that high because the plan will unleash a lot more economic growth.

 

[g5000]

"When government debt grows, private investment shrinks, lowering future growth and future wages."

"...policymakers should begin taking debt drag into account when considering new deficit spending."

"...growth in U.S. government debt poses a serious hazard to the nation."

IT'S OKAY WHEN TRUMP DOES IT!™

 

[Toddsterpatriot]

Economies are like oil tankers. They turn slowly.
Unemployment takes a while to rise in a downturn, takes a while to fall in a recovery.

And here's the parade of excuses. So tell me something, Toddster, apart from the recession in the middle of 2001, when else did Bush's economy contract prior to 2008? It didn't. In fact, 2001 had positive GDP growth overall. 2002-2007 had the shitty growth I showed in the below chart...growth attributed almost entirely to debt creation. I thought you were the anti-debt people? Guess that's just bullshit, huh? Looking at this chart, it appears that the only thing that kept your garbage economy afloat was debt. Debt, debt, debt. Well, you Conservatives are the debt people after all.

Clinton's great GDP and budget performance were due to the long term cap gains cut in 1997?

No, they were due to the tax increases that started in 1993. That's what forced businesses to invest. Because you get taxed on profits, not on reinvestment. That's something you Conservatives never have and never will understand. Because you simply lack the formal education and/or experience. So you just bullshit anonymously on a message board to make you feel better about yourself.

Maybe you should just do society a favor and follow in Brietbart's footsteps and drink yourself to death. You probably will anyway. "Deaths of despair" are high among your crowd. LOL! Imagine that...whiny Conservative nobodies who are so upset with their shitty stations in life they literally drink themselves to death.

And here's the parade of excuses.

This can't be the first time you've heard that employment is a lagging indicator......

apart from the recession in the middle of 2001, when else did Bush's economy contract prior to 2008?

The NBER dates the start of the recession as December 2007.

No, they were due to the tax increases that started in 1993.

Clinton's economy did well because of tax hikes?
That's stupid, even for you.

That's what forced businesses to invest. Because you get taxed on profits, not on reinvestment.

Raising the corporate rate from 34% to 35% forced businesses to invest? LOL!
The more you post, the dumber you get.

 

[Timmy]

...will the Democrat Party forever be remembered as the party who refused to give working-class Americans a break?

I think so. Their opposition to the greatest thing working-class America needs, will forever be worn around the necks of those who were against it.

Like a dead, putrid albatross.

What break ?

The tax plan is a shell game . Throw some crumbs at the working class while big biz and the rich have a feast.

It’s a bad deal . Shame on the gop for passing this scam .

How about getting a fricken job, then you may be able to see a benefit

I’ve worked since I was 15. I earn a living , own property and commute to work . I know all about taxes .

You trump lemmings just want a victory for the Don. So what if it helps the rich ! So what if it explodes the deficiet (which I suddenly don’t care about ).

On its face it’s a pyramid scheme ! Big permenent cuts for the rich , the tax breaks for working problem end in a few years .

 

[g5000]

All this bill will do is add to the debt, with deleterious effects to the American economy.

The stench of hypocrisy is all over the pseudocons once again.

 

[ABikerSailor]

I'm still wondering why the corporation tax cuts are permanent, yet the tax cuts for citizens who actually vote are set to expire after only a few years?

Did the corporations suddenly take over this country and get the right to vote? Guess Mittens was right, corporations have become people and are taking over our country.

 

[Harpy Eagle]

I'm still wondering why the corporation tax cuts are permanent, yet the tax cuts for citizens who actually vote are set to expire after only a few years?

Did the corporations suddenly take over this country and get the right to vote? Guess Mittens was right, corporations have become people and are taking over our country.

You are not really wondering that are you? I think the answer is pretty obvious, it is all about how fills the campaign coffers

 

[ABikerSailor]

I'm still wondering why the corporation tax cuts are permanent, yet the tax cuts for citizens who actually vote are set to expire after only a few years?

Did the corporations suddenly take over this country and get the right to vote? Guess Mittens was right, corporations have become people and are taking over our country.

You are not really wondering that are you? I think the answer is pretty obvious, it is all about how fills the campaign coffers

Yeah, but you would think that the politicians would take care of actual living voters before handing out sweet deals to faceless corporations.