healthmyths
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- #81
Why Trump is at a disadvantage in this election...
- Thread starter healthmyths
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Toddsterpatriot
Diamond Member
The right wing media actually said that it happened "in spite of Obama", not wanting to give him credit for anything;
The Irony Of President Obama's Oil Legacy
President Barack Obama speaks at the TransCanada Pipe Yard in Cushing, Okla., Thursday, March 22, 2012. (AP Photo/LM Otero) There is a great irony that spans the presidential terms of George W. Bush and Barack Obama. President Bush, widely viewed as a Texas oil man, presided over eight straight...www.forbes.com
28 weather events costing $1 billion or more just last year. That's $280 billion in 2023 - way more than the $200 billion I stated. $200 billion was 2022. It's going up faster and faster each year.
2023: A historic year of U.S. billion-dollar weather and climate disasters
With 28 events, 2023 easily surpassed 2020 as the year with the most billion-dollar disasters in the U.S. The preliminary price tag is at least $92.9 billion.www.climate.gov
Climate Change and the U.S. Economic Future
Explore the different effects of climate change across the United States in our U.S. Energy & Climate Roadmap.epic.uchicago.edu
Try buying Flood insurance in Florida.
The right wing media actually said that it happened "in spite of Obama", not wanting to give him credit for anything;
If you have a list of Obama actions that helped domestic oil production, I'd love to see them.
Try buying Flood insurance in Florida.
Stop building in low-lying areas near the water.
28 weather events costing $1 billion or more just last year. That's $280 billion in 2023 - way more than the $200 billion I stated.
28 times $1 billion is $28 billion.
Damages from the 2023 disasters totaled $92.9 billion
$92.9 billion is way less than $200 billion. Also, less than $280 billion.
Robert W
KEYSTONE xl is a tax dodge for the Chinese.
Obama has presided over America's biggest oil boom ever
Harold Hamm, the leading contender to be Trump's energy secretary, says Obama destroyed the U.S. oil boom. But the numbers paint a different story.
money.cnn.com
The Irony Of President Obama's Oil Legacy
President Barack Obama speaks at the TransCanada Pipe Yard in Cushing, Okla., Thursday, March 22, 2012. (AP Photo/LM Otero) There is a great irony that spans the presidential terms of George W. Bush and Barack Obama. President Bush, widely viewed as a Texas oil man, presided over eight straight...
www.forbes.com
Robert W
KEYSTONE xl is a tax dodge for the Chinese.
Obama has presided over America's biggest oil boom ever
Harold Hamm, the leading contender to be Trump's energy secretary, says Obama destroyed the U.S. oil boom. But the numbers paint a different story.
money.cnn.com
CrusaderFrank
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healthmyths
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What happened when Trump's Tax Cuts and Jobs Act repatriation tax
U.S. companies have repatriated $1 trillion since tax overhaul
U.S. companies have repatriated $1 trillion since tax overhaul
That's still short of the $4 trillion in overseas profits that President Trump would return as a result of the 2017 tax law.
www.latimes.com
So what do you idiots think these companies did with the $1 trillion that was sitting in banks OFFSHORE that was brought back to America?
Hmm... bury it in backyard, hide in mattresses?
Oh wait... they bought back stock... Hmmm...
Shareholders of the bought back stock had... hmmm capital gains...
WHICH ARE TAXABLE!
Hmmm..
But most of the action is happening on balance sheets, with stock buybacks, debt reduction, acquisitions and dividend increases currently overshadowing expanded investment in facilities, employees or R&D.
Take Apple, for example. The tech behemoth is expected to use $100 billion of its repatriated cash to repurchase Apple stock.
Ely Lily, the global pharmaceutical outfit, will use much of the $2 billion that it’s bringing back home to pay down debt. Multinational biotech company Biogen is planning to use its $3.5 billion for mergers and acquisitions, and through this process of buying new companies, it intends to return capital to its shareholders. Johnson & Johnson, that stalwart of medical devices, pharmaceuticals and consumer packaged goods, is bringing back $12.0 billion, which it plans to use to fund some of their US operations, thus eliminating its need for borrowing.
Repatriation Of Cash: What Companies Are Doing With The Cash They Can Now Bring Home
What are companies doing with all this repatriated cash? A lot. But most of the action is happening on balance sheets.
www.wesmoss.com
Stupidity thy name is NBC!!!
https://www.cnbc.com/2017/08/31/trumps-tax-repatriation-plan-flopped-the-last-time-it-was-tried.html
- Most of the money was used not for economic growth but to give cash back to shareholders.
The stock buyback excise tax applies at a rate of one percent of the fair market value (FMV) of any stock of a covered corporation that is repurchased by the corporation during its taxable year, minus the aggregate FMV of stock issued by the taxpayer during that year.
OIL production increased 88% DURING THE OBAMA administration. He supported shale oil replaying coal.
I The rapture is not Biblical The rapture is not Biblical The Irony Of President Obama's Oil Legacy
I The rapture is not Biblical The rapture is not Biblical The Irony Of President Obama's Oil Legacy
Obama has presided over America's biggest oil boom ever
Harold Hamm, the leading contender to be Trump's energy secretary, says Obama destroyed the U.S. oil boom. But the numbers paint a different story.
money.cnn.com
Dragonlady
Designing Woman
If you want a list you can google them asshole. I'm not your researcher.
Waterfront land used to be the most desireable and expensive. Now you just have to buy I mile inland and wait 5 years.
I apologize for my error, but I don't see how spending $92 billion and climbing every year because you don't want to drive an electric car, is any better. You're still ignoring that costs are out of control and rising every year.
What happened when Trump's Tax Cuts and Jobs Act repatriation tax
U.S. companies have repatriated $1 trillion since tax overhaul
U.S. companies have repatriated $1 trillion since tax overhaul
That's still short of the $4 trillion in overseas profits that President Trump would return as a result of the 2017 tax law.
You do know that stock buybacks are not a Good thing, don’t you. They increase the value of the stock by reducing the number of shares outstanding, and further concentrate wealth at the top.
Given that wealth inequity and too much wealth being in the hands of too few people is the problem Trump was supposed to fix, he managed to make things worse. Much much worse.
And then the economy crashed.
US Oil production increased by 88% during the Obama administration.
Toddsterpatriot
Diamond Member
OIL production increased 88% DURING THE OBAMA administration. He supported shale oil replaying coal.
I The rapture is not Biblical The rapture is not Biblical The Irony Of President Obama's Oil Legacy
Obama has presided over America's biggest oil boom ever
Harold Hamm, the leading contender to be Trump's energy secretary, says Obama destroyed the U.S. oil boom. But the numbers paint a different story.money.cnn.com
OIL production increased 88% DURING THE OBAMA administration. He supported shale oil replaying[sic] coal.
When? Where? Link?
Obama prevented Canada from having a pipe of oil get into the USA. Biden and Obama are not friends to oil.
Toddsterpatriot
Diamond Member
If you want a list you can google them asshole.
You don't have a list because he didn't, moron.
Waterfront land used to be the most desireable and expensive. Now you just have to buy I mile inland and wait 5 years.
Hilarious. Moronic.
I apologize for my error, but I don't see how spending $92 billion and climbing every year because you don't want to drive an electric car, is any better.
If I waste my money on an electric car, how much will that $92 billion decrease? Link?
You're still ignoring that costs are out of control and rising every year.
More buildings, more expensive buildings, in more areas prone to flooding, fire etc,
but it's all because I drive a gas-powered car. DURR.
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Being a convicted felon on 408 votes, unanimously, puts him at a disadvantage, doncha thunk?
playtime
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well, then - the house shoulda put the immigration reform bill on the floor for a vote - because that is exactly what would have happened. increased funding for the hiring of more border patrol agents, adjudication officers to process faster & determine who should go in front of a judge faster AND appoint more judges right there at the border.
but nooooooooooo. .... yer chosen one commanded moses mike to squash it b4 it made it to the floor precisely because it would pass & that woulda given biden a win. the (R)s are in no hurry to do a damn thing about the border because they need that red meat issue to keep y'all angry.
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playtime
Diamond Member
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he supposedly sold pieces of his jacket that he was wearing when they booked him. sure, sure.
probably was patches of scrap fabric laying on the floor of some cheap chinese sweatshop his crap is thrown together.
playtime
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Dragonlady
Designing Woman
It's not my definition of a "boom economy".
Obama had been under increasing economic pressure from the right since 2015 to raise rates, and cut deficitsw, but with the indicators that job creation and the economy was slowing in 2016, Obama resisted adding to this slowing of the economy by raising interest rates, with the election coming up.
Fed Raises Key Interest Rate, Citing Strengthening Economy (Published 2016)
The increase was only the second since the financial crisis, and the central bank gave little indication that Donald J. Trump’s election altered its outlook.
Oh course, once in office, Trump hated the idea of rate increases:
Bloomberg - Are you a robot?
www.bloomberg.com
Toddsterpatriot
Diamond Member
The bill that would have given Biden more money to bring more illegals into the interior?
No thanks.
He fucked up with the resources he already had.
the (R)s are in no hurry to do a damn thing about the border because they need that red meat issue to keep y'all angry.
The red meat from 3.5 years of border fuckups? Yeah, Joe is going to have to run on that now.
Toddsterpatriot
Diamond Member
It's not my definition of a "boom economy".
Obama had been under increasing economic pressure from the right since 2015 to raise rates, and cut deficitsw, but with the indicators that job creation and the economy was slowing in 2016, Obama resisted adding to this slowing of the economy by raising interest rates, with the election coming up.
Fed Raises Key Interest Rate, Citing Strengthening Economy (Published 2016)
The increase was only the second since the financial crisis, and the central bank gave little indication that Donald J. Trump’s election altered its outlook.www.nytimes.com
Oh course, once in office, Trump hated the idea of rate increases:
Bloomberg - Are you a robot?
www.bloomberg.com
It's not my definition of a "boom economy".
That's good. No one thought Obama's weakest recovery in history was a boom.
Obama had been under increasing economic pressure from the right since 2015 to raise rates,
Who on the right wanted Obama to raise tax rates? Link?
the economy was slowing in 2016,
Trump's 2017 tax cuts weren't during an Obama boom? Thanks!!!
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