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Started By
Message
re: DOW only up about 15 points presently
Posted on 7/27/18 at 10:49 am to cahoots
Posted on 7/27/18 at 10:49 am to cahoots
quote:
Trump signed the tax cuts bill and the omnibus spending bill. 2019 projections are showing a trillion dollar deficit.
And the tax cuts are doing exactly what they are designed to do, creating investment and growth, like a 4.1% GDP, low unemployment, and wage growth.
The Omnibus was a mistake for several reasons, but the spending represented a continuation of the previous spending bill. It didn't represent additional spending to any great amount. The mistake was not severely cutting spending.
1
Posted on 7/27/18 at 10:54 am to troyt37
Omni bus
That’s all I need.
That’s all I need.
Posted on 7/27/18 at 11:00 am to troyt37
quote:
Could you direct me to the Trump backed legislation that backs up this bullshite?
Are you serious?
I can’t tell if you’re joking or just that completely unaware of current events.
But start with omnibus and keep digging from there. Trump isn’t conservative. Not even close. His trade policies are Bernie like. His industry welfare is socialist like.
But the trumpkins will never admit it. They will never admit that trump is even worse than obama and bush on spending and trade.
Because like most progressives, trumpkins don’t have an Econ 101 level understanding of economics.
Read a book. Here’s some good ones.
Basic economics by Sowell
Economics in one lesson
Economic facts and fallacies
And a few more. Or just pick up a freshman year economics text book to start. Either way you’ll be a smarter voter and not fall
For the same bullshite under trump that people did under obama.
Posted on 7/27/18 at 11:04 am to LSURussian
quote:
Facebook is not in the Dow Jones 30 Index.
Yes, but never let a libtarded disaster go to waste without laughing at it!
I’ll allow it.
Posted on 7/27/18 at 11:04 am to Homesick Tiger
Twitter, Facebook and ExxonMobil
Posted on 7/27/18 at 11:05 am to Gaspergou202
There will be billions made off the fb drop. I picked up 200 shares today.
Posted on 7/27/18 at 11:09 am to Skeezer
quote:
There will be billions made off the fb drop. I picked up 200 shares today.
Hope it works out for you!
But this doesn’t effect my joy in the misfortune of Zuck the cuck!
Posted on 7/27/18 at 11:25 am to Skeezer
quote:
Are you serious?
Yes. I'm seriously still waiting for you to cite the Trump backed spending bills passed by congress that makes Trump look like Obama on steroids.
Omnibus sucked, but is essentially a CR using previously set spending caps. Obviously, I don't know shite from shinola, but I know that spending bills originate in the house. So if Trump is spending on a level to make Obama look like a piker, there has to be some legislation you can point to which shows this, other than the omnibus.
Posted on 7/27/18 at 11:27 am to Homesick Tiger
Exxon missed earnings this morning.
This post was edited on 7/27/18 at 11:28 am
Posted on 7/27/18 at 11:29 am to troyt37
I believe under Obama, deficit spending was about $550 billion. The trend was downward.
It will be a trillion under the Trump tax cut. Now the Republicans want to point the trend downward.
It will be a trillion under the Trump tax cut. Now the Republicans want to point the trend downward.
Posted on 7/27/18 at 11:39 am to matthew25
There are very few fiscally conservative people though. They spend just as much as the dems just on different stuff and don’t want to pay for it. Cutting spending should have been the primary focus not tax cuts. Get your house in order first and then reward yourself not the other way around.
Posted on 7/27/18 at 11:43 am to matthew25
quote:
Now the Republicans want to point the trend downward.
While dealing with the fact that the military has endured half of the cuts imposed by the Budget Control Act, despite representing only 15% of the federal budget.
Posted on 7/27/18 at 11:45 am to Homesick Tiger
quote:Was anticipated.
GDP news
Posted on 7/27/18 at 11:49 am to Homesick Tiger
quote:
So what business out there is tanking affecting the low number considering the GDP news this morning?
LOL. You think the big players don't already know the numbers and have this stuff priced in.
Posted on 7/27/18 at 11:57 am to troyt37
quote:
While dealing with the fact that the military has endured half of the cuts imposed by the Budget Control Act, despite representing only 15% of the federal budget.
Why should that not be the case though?
Posted on 7/27/18 at 12:03 pm to DavidTheGnome
quote:
Why should that not be the case though?
Well, off the top of my head, I'd say probably 75% of the 1.3 trillion budget is for shite that is not constitutionally mandated, while defense absolutely is?
Posted on 7/27/18 at 12:11 pm to troyt37
Long term growth projections are not very good driven by labor shortages, shifting demographics (boomers retiring), and huge government deficits (gov is going to have to significantly cut spending/benefits or raise taxes in the next 4 years).
Posted on 7/27/18 at 12:13 pm to troyt37
quote:
The Omnibus was a mistake for several reasons, but the spending represented a continuation of the previous spending bill. It didn't represent additional spending to any great amount. The mistake was not severely cutting spending.
Did you not notice the $50 billion increase in defense spending?
Posted on 7/27/18 at 12:13 pm to HailHailtoMichigan!
quote:There is no bombshell.
My expert friend says Cohen bombshell is spooking traders
The word he used was "traitors".
Your expert friend says Cohen "bombshell" is spooking traitors.
Posted on 7/27/18 at 12:16 pm to NC_Tigah
Traitors that allow people to retire
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