Trump's problematic economic policies

[nat4900]

There is always the lingering question among right wingers as to how Hillary Clinton can better our economy, but little scrutiny has been give to what Trump has proposed in his economic plans (probably because Trump's big mouth and flip flopping on immigration steal the spotlight)....

Now, most right wingers will dismiss Moody's assessment as "left wing" but actually the leading researcher on the assessment is an ex-conservative..

Trump has three really bad economic policies, according to Moody's
Trump's plans would cost 3.5 million jobs:

1. Trade: Trump's idea to put big taxes on imports from China and Mexico would hurt growth, Moody's finds. Americans would face higher prices at the store on many goods, inflation would rise overall, and the U.S. would get less foreign investment.

2. Immigration: The plan to limit immigration and deport up to 11 million illegal immigrants would be costly -- for the government and businesses.

3. Taxes: Trump proposes large tax cuts for individuals and businesses. At the same time, Trump wouldn't touch the big drivers of government spending - Social Security and Medicare. As a result, the tax cuts are costly. The Tax Policy Center estimates Trump's plan would add nearly $10 trillion to the debt over the next decade.

Another result of these policies would be an increase in inequality.

"More than one-third of the proposed tax cuts on personal income will go to the top 1% of income earners, with the average taxpayer in this group receiving a reduction in their tax bill of $275,000. Taxpayers in the bottom 99% of income earners will receive a tax cut of less than $2,500," Moody's writes.

That's problematic for the economy for a number of reasons, but Moody's points out that middle and working class families are the ones that typically go out and spend money at stores, restaurants and Disney World when they get extra dollars. It would be better for the economy to give the 99% more of the tax break,
according to Moody's..

Trump's plan would cause 3.5 million job losses, Moody's says

 

[C_Clayton_Jones]

“Trump proposes large tax cuts for individuals and businesses. At the same time, Trump wouldn't touch the big drivers of government spending - Social Security and Medicare. As a result, the tax cuts are costly. The Tax Policy Center estimates Trump's plan would add nearly $10 trillion to the debt over the next decade.”

That doesn’t sound very ‘republican.’

“Moody's is the latest in a growing list of prominent researchers and business people to warn that Trump's proposals would likely cause a recession.”

Now that does sound republican.

The countless good reasons why not to vote for Trump continue to pile up.

 

[Andylusion]

“Trump proposes large tax cuts for individuals and businesses. At the same time, Trump wouldn't touch the big drivers of government spending - Social Security and Medicare. As a result, the tax cuts are costly. The Tax Policy Center estimates Trump's plan would add nearly $10 trillion to the debt over the next decade.”

That doesn’t sound very ‘republican.’

“Moody's is the latest in a growing list of prominent researchers and business people to warn that Trump's proposals would likely cause a recession.”

Now that does sound republican.

The countless good reasons why not to vote for Trump continue to pile up.

I thought that Medicare and Social Security were funded by Medicare and Social Security taxes.

If that's so, how could cutting non-medicare, and non-Social Security taxes increase the deficit?

Are you saying all the left-wing crap, was all lies?

 

[MisterBeale]

You're absolutely right, it would be complete anarchy.

Doesn't it sound great?


The elites would suffer greatly.

 

[CrusaderFrank]

Progressives who hate Walmart now suddenly favor lower prices?

 

[S.J.]

Criticism of the economic plan of a billionaire is pretty funny coming from a supporter of the guy who just doubled the national debt and whose only real job was scooping ice cream at Baskin Robbins.

 

[Iceweasel]

The Hillary Recession, by Larry Kudlow, National Review

Trump knows you can’t tax your way into prosperity. This economy may be perilously close to recession. That was the message of the second-quarter real-GDP report and its meager 1.2 percent growth rate. Over the past year, real GDP has slipped to a paltry 1.2 percent. Business investment continues to fall. Building and factory construction has dropped sharply. Productivity is flat. The profits recession is still in force. And what’s the Hillary Clinton plan? Tax us into prosperity.

In her own words at the DNC on Thursday night, this is the fix: “Wall Street, corporations, and the super-rich are going to start paying their fair share of taxes.” Why? “Not because we resent success. [!] Because when more than 90 percent of gains have gone to the top 1 percent, that’s where the money is.” Let me get this right. In order to spur growth, Hillary intends to raise taxes on individuals, businesses, capital gains, stock trading, and firms that move overseas (which they do because the U.S. has the most uncompetitive tax system in the corporate world).

In addition, Hillary’s door is open for a carbon tax, higher payroll taxes, and a 25 percent gun tax. She also argued in Philadelphia that the economy is not working the way it should because our democracy isn’t working the way it should. Huh?

What she’s getting at is appointing Supreme Court justices who “will get money out of politics” and passing “a constitutional amendment to overturn Citizens United.” Citizens United removed spending limits for super-PACs. And yet those mean and nasty super-PACs have thus far benefited from pro-Hillary hedge-fund contributions to the tune of $48.5 million, according to the Wall Street Journal. Donald Trump, on the other hand, has received only $19,000 from hedge funds. Get it? Citizens United, according to Hillary, is the source of our weak recovery and must be overturned. Meanwhile, she is the big beneficiary of the Supreme Court decision to allow unlimited political donations. Next there are the recurring themes of class warfare and inequality, roots of evil according to Hillary. Turns out that the top 1 percent received a big share of income growth during the recovery. Okay, but it also suffered the biggest loss during the Great Recession. Research from Scott Winship of the Manhattan Institute shows that during the recession, the top 1 percent lost 36 percent of its income while the bottom 90 percent lost 12 percent. And through 2014, the top 1 percent was still poorer by 18 percent than it was in 2000. That’s compared to a 9 percent decline for the rest of us. According to Winship, income for the top 1 percenters was basically no higher in 2014 than in 2000. Turns out that group bumped into the same income stagnation suffered by the U.S. middle class since 2000.

And according to new studies by Aparna Mathur of AEI, raising top marginal tax rates reduces growth incentives and yields very few revenues. Yet in addition to higher tax rates, Hillary wants $1 trillion in new spending programs. The numbers also don’t add up for Obama, who defended his so-called recovery at the DNC and even called Hillary, a 30-year member of the establishment, a change-maker.

Obama’s seven-year recovery averaged 2.1 percent real growth at an annualized rate. For historical comparison, after seven years, JFK’s economy increased by 5.4 percent yearly and Reagan’s by 4.5 percent. Did JFK and Reagan beget long booms by raising taxes? No. They cut tax rates across the board. Hillary is a combination of Barack Obama 3.0 and Bernie Sanders 2.0. This is not change. This will not yield strong growth, lift jobs and wages, and make America more globally competitive.

MORE 2016 HILLARY CLINTON, YOU’RE NO JOHN F. KENNEDY TRUMP’S FATAL FLAW ROSS PEROT’S LESSONS FOR TODAY A week prior to the DNC Donald Trump offered a different perspective at the RNC: “America is one of the highest-taxed nations in the world. Reducing taxes will cause new companies and new jobs to come roaring back into our country. Then we are going to deal with the issue of regulation, one of the greatest job-killers overall. . . .

We are going to lift restrictions on the production of American energy. . . . With these new economic policies, trillions of dollars will start flowing into our country.”

So Trump wants to reduce tax rates and regulations, unleash energy, and make America the most hospitable investment destination in the world. Hillary wants to raise taxes, regulations, and spending, and put the energy sector out of business. (She would abolish coal and oil-and-gas fracking.) No wonder the blue-collar, hard-hat, Democratic middle class is going for Trump. Hillary is not an agent of change.

Nor does she have any idea how to restore rapid economic growth. Instead, she is a prisoner of the Left. Tax the rich, inequality, redistribution. If Trump stays on his growth message, he’ll whup her in November.

 

[Toddsterpatriot]

There is always the lingering question among right wingers as to how Hillary Clinton can better our economy, but little scrutiny has been give to what Trump has proposed in his economic plans (probably because Trump's big mouth and flip flopping on immigration steal the spotlight)....

Now, most right wingers will dismiss Moody's assessment as "left wing" but actually the leading researcher on the assessment is an ex-conservative..

Trump has three really bad economic policies, according to Moody's
Trump's plans would cost 3.5 million jobs:

1. Trade: Trump's idea to put big taxes on imports from China and Mexico would hurt growth, Moody's finds. Americans would face higher prices at the store on many goods, inflation would rise overall, and the U.S. would get less foreign investment.

2. Immigration: The plan to limit immigration and deport up to 11 million illegal immigrants would be costly -- for the government and businesses.

3. Taxes: Trump proposes large tax cuts for individuals and businesses. At the same time, Trump wouldn't touch the big drivers of government spending - Social Security and Medicare. As a result, the tax cuts are costly. The Tax Policy Center estimates Trump's plan would add nearly $10 trillion to the debt over the next decade.

Another result of these policies would be an increase in inequality.

"More than one-third of the proposed tax cuts on personal income will go to the top 1% of income earners, with the average taxpayer in this group receiving a reduction in their tax bill of $275,000. Taxpayers in the bottom 99% of income earners will receive a tax cut of less than $2,500," Moody's writes.

That's problematic for the economy for a number of reasons, but Moody's points out that middle and working class families are the ones that typically go out and spend money at stores, restaurants and Disney World when they get extra dollars. It would be better for the economy to give the 99% more of the tax break,
according to Moody's..

Trump's plan would cause 3.5 million job losses, Moody's says

2. Immigration: The plan to limit immigration and deport up to 11 million illegal immigrants would be costly -- for the government and businesses.

And it would save money for local governments and increase wages for low-skilled Americans.

 

[Indeependent]

Suddenly Nat agrees with the Neo-Cons.

 

[nat4900]

Suddenly Nat agrees with the Neo-Cons.

Actually I tend to agree with whatever makes sense.....You on the other hand...............

 

[Indeependent]

Suddenly Nat agrees with the Neo-Cons.

Actually I tend to agree with whatever makes sense.....You on the other hand...............

No, you tend to agree with anything Trump disagrees with.

 

[nat4900]

from a supporter of the guy who just doubled the national debt and whose only real job was scooping ice cream at Baskin Robbins

Well, your racism has been toned down a bit...At least you're not stating that Obama's previous job was shining shoes in some bus station.....Congrats....

 

[C_Clayton_Jones]

"Now, most right wingers will dismiss Moody's assessment as "left wing" but actually the leading researcher on the assessment is an ex-conservative."

And as correctly noted in the article: Moody’s isn’t alone in its assessment, a majority of economists from one side of the political spectrum to the other have indicated Trump’s economic agenda would be a disaster.

Be it immigration policy, foreign policy, or economic policy – there’s clearly no reason to vote for Trump, he is indeed wrong on the issues, Trump the reprehensible individual notwithstanding.

 

[MisterBeale]

There is always the lingering question among right wingers as to how Hillary Clinton can better our economy, but little scrutiny has been give to what Trump has proposed in his economic plans (probably because Trump's big mouth and flip flopping on immigration steal the spotlight)....

Now, most right wingers will dismiss Moody's assessment as "left wing" but actually the leading researcher on the assessment is an ex-conservative..

Trump has three really bad economic policies, according to Moody's
Trump's plans would cost 3.5 million jobs:

1. Trade: Trump's idea to put big taxes on imports from China and Mexico would hurt growth, Moody's finds. Americans would face higher prices at the store on many goods, inflation would rise overall, and the U.S. would get less foreign investment.

2. Immigration: The plan to limit immigration and deport up to 11 million illegal immigrants would be costly -- for the government and businesses.

3. Taxes: Trump proposes large tax cuts for individuals and businesses. At the same time, Trump wouldn't touch the big drivers of government spending - Social Security and Medicare. As a result, the tax cuts are costly. The Tax Policy Center estimates Trump's plan would add nearly $10 trillion to the debt over the next decade.

Another result of these policies would be an increase in inequality.

"More than one-third of the proposed tax cuts on personal income will go to the top 1% of income earners, with the average taxpayer in this group receiving a reduction in their tax bill of $275,000. Taxpayers in the bottom 99% of income earners will receive a tax cut of less than $2,500," Moody's writes.

That's problematic for the economy for a number of reasons, but Moody's points out that middle and working class families are the ones that typically go out and spend money at stores, restaurants and Disney World when they get extra dollars. It would be better for the economy to give the 99% more of the tax break,
according to Moody's..

Trump's plan would cause 3.5 million job losses, Moody's says

Listen, Moody's is establishment press.


Will the Fed collapse the economy if Trump is elected? Sure, count on it.

But what the hell, the whole system is a house of cards anyway. They are propping it up like they are propping up Hillary's health. It's all an illusion. Folks that really know what is going on know that it can't be sustained. If you know how debt based currency works, you KNOW that there is no way out of this mess short of war. And if you read independent media, that is what this administration is already setting us up for. Did you know that Turkey is realigning itself with Russia? WWIII is in the offing already. It will be scary times if Clinton is elected.



Trump admitted that he has pulled out of the market. If you are going to vote for him, I would recommend an investment strategy that Dr. Paul has been telling you to follow for years.

People that are voting for him either know this, or they are so damn broke, they don't give a shit, because they have absolutely nothing to lose already. What they DON'T WANT is WWIII! What would you prefer, a depression that would make the Great Depression look like a recession, (what we'll get with Trump,) or WWIII, (what in all likelihood we'll get with Clinton.)

People are sick to death of American elites using American power to serve the global elites.

One world currency? Destroy the dollar and replace it with digital currency? Replacing the Fed. with an international world bank? NWO? Most folks that think Trump would be a good President feel he would oppose these plans. Who the hell knows if he would. . . .

Donald Trump believes it's time to dump stocks.
Donald Trump says he 'got out' of stock market

 

[Indeependent]

"Now, most right wingers will dismiss Moody's assessment as "left wing" but actually the leading researcher on the assessment is an ex-conservative."

And as correctly noted in the article: Moody’s isn’t alone in its assessment, a majority of economists from one side of the political spectrum to the other have indicated Trump’s economic agenda would be a disaster.

Be it immigration policy, foreign policy, or economic policy – there’s clearly no reason to vote for Trump, he is indeed wrong on the issues, Trump the reprehensible individual notwithstanding.

I'm sure all the people with 20 homes want to sell one.

 

[MisterBeale]

from a supporter of the guy who just doubled the national debt and whose only real job was scooping ice cream at Baskin Robbins

Well, your racism has been toned down a bit...At least you're not stating that Obama's previous job was shining shoes in some bus station.....Congrats....

Christ, you're the racist. How is shining shoes more racist than scooping ice cream?

For fuck's sake.

 

[nat4900]

Christ, you're the racist. How is shining shoes more racist than scooping ice cream?

For fuck's sake.

Hey moron, its the image that YOUR ilk propagates, like this right winger in Colorado sending out this picture .....If you STILL don't get it, seek help.

 

[S.J.]

Christ, you're the racist. How is shining shoes more racist than scooping ice cream?

For fuck's sake.

Hey moron, its the image that YOUR ilk propagates, like this right winger in Colorado sending out this picture .....If you STILL don't get it, seek help.

Yet YOU are the one propagating it.

 

[nat4900]

Yet YOU are the one propagating it.

Fine, fine....I'll let others "judge".....

 

[Indeependent]

Yet YOU are the one propagating it.

Fine, fine....I'll let others "judge".....

No judgment necessary.
Business Visas and Trespassers have kept Blacks shining shoes and serving fries.