https://fred.stlouisfed.org/series/FYFRGDA188Ssleeper;1854604 wrote:Increase taxes on the wealthy and cut defense spending.
Problem solved.
Yep. And regardless of debate about "trickle down economics" (which has become a rather deliberate perjorative), taxes DEFINITELY do "trickle down".jmog;1854615 wrote: History shows us that almost regardless of tax rates that we consistently take in the same percent of GDP, we can control the spending though while we don't.
That's because the tax code is loaded with loopholes. Raise tax rates and close the loopholes.jmog;1854615 wrote:https://fred.stlouisfed.org/series/FYFRGDA188S
Proves your first statement wrong, regardless of tax rates on rich over the last 7 or 8 decades, the tax revenue as a percentage of GDP has been relatively constant, between 15-20% depending on recession timing.
It is our spending that is out of control, your second statement is obviously part of that, as well as the other 2 major entitlement programs.
https://fred.stlouisfed.org/series/FYONGDA188S
You can't consistently take in 15-20% and spend 20+% of GDP.
History shows us that almost regardless of tax rates that we consistently take in the same percent of GDP, we can control the spending though while we don't.
Disagree on raising taxes, but as stated before the DoD could reduce their budget significantly and still operate on all cylinders.sleeper;1855244 wrote:That's because the tax code is loaded with loopholes. Raise tax rates and close the loopholes.
Agreed on the second point. The biggest fraud and waste is in the DoD.
http://www.thedailybeast.com/articles/2017/05/25/carrier-sends-jobs-to-mexico-workers-say-trump-misled-themQuakerOats;1826965 wrote:AMERICA GREAT AGAIN: CARRIER STAYS...
TRUMP RALLY CONTINUES...
GOLDMAN SACHS: Presidency Will Benefit Almost Every Sector...
Today's links
LOL. Bought and sold so easily. You've been duped.On Monday, these workers were proven right. Though Trump struck a deal with Carrier promising them $7 million in local business incentives if they kept their Indianapolis plant open, the heating and cooling company warned that it would still outsource a number of Indiana jobs to Mexico, regardless. But the Trump campaign still championed the deal as a win for American workers. This week, the Carrier announced it will cut 632 jobs from its Indiana plant by the end of the year.
Okay, well the reality is, Trump DID NOT save 1,100 as you claimed and took credit for. He once again, LIED to the American people and you bought it.QuakerOats;1855281 wrote:A company spokesperson, Michelle Caldwell, told us in a statement:[INDENT]Notices provided last week are consistent with our previously announced plans regarding our Indianapolis facility. We continue to actively engage with our workers and the community to provide impacted employees with both the time and opportunity for a smooth transition.
[/INDENT]
That statement included a link to a 30 November 2016 announcement from Carrier trumpeting “very productive conversations” between the company and then-President-elect Donald Trump that would keep “more than 1,000 jobs” in Indiana. Trump also promoted the agreement.
However, since November, the company has backtracked on that estimate; on its Twitter account, the companyrevised “more than 1,000 jobs” to “close to 1,000 jobs”; and it admitted that its initial figure included 300 administrative positions at another location that were never in danger of being eliminated. In reality, only 800 of those positions were to be kept in Indiana.
Has nothing to do with Trump ......perhaps you should call the company.
Slerper is celebrating Americans losing jobs because of who the president is. True definition of Party over country. Sad.sleeper;1855284 wrote:Okay, well the reality is, Trump DID NOT save 1,100 as you claimed and took credit for. He once again, LIED to the American people and you bought it.
You've been duped. Enjoy!
Not celebrating anything. Merely following up on the promises made by our President and holding him accountable.superman;1855286 wrote:Slerper is celebrating Americans losing jobs because of who the president is. True definition of Party over country. Sad.
What's stopping you? The GOP has the House, the Senate, and the White House and nothing is getting done. There is nothing to overcome; you already have the control you seek and Trump/GOP isn't doing anything.QuakerOats;1855288 wrote:Indeed he did, Carrier was leaving, and right now they are not. 800 - 1,000 .................you pick the number. You obviously have never worked in manufacturing and have zero understanding of orders, production schedules, backlogs, fulfillment, supply chains, logistics, demand, and the multitude of variables associated with being competitive. If we can overcome the liberal/establishment obstruction in DC, we can achieve tax reform, complete regulatory reform, trade reform, and whack obamaKare; then the all-out assault on industry and capitalism will be defeated and all manufacturers like Carrier can once again prosper here, and live in peace.
Offended? No. Just find it hilariously you are so desperate for a Trump accomplishment that you'll LIE and then never follow up.QuakerOats;1855320 wrote:You're offended because 800 jobs were saved instead of 1,100; I get it. Maybe see a therapist for a month or two, and hope for the best.
I brought this up in the progressive thread. I don't recall many obama supporters bringing up the bolded when he was in office. Now that he is gone, this is an issue?ptown_trojans_1;1856305 wrote:Unemployment numbers are out, only 138,000 jobs, rate is now 4.3%, but labor participation rate is down .2 to 62.7%.
So far Trump's economy looks a lot like Obama's....just meh.
No, but his opponents did.like_that;1856306 wrote:I brought this up in the progressive thread. I don't recall many obama supporters bringing up the bolded when he was in office. Now that he is gone, this is an issue?
To think this whole time it was only sticky wages. :RpS_lol:
As they should. I just find it funny how both sides (including you apparently) are conveniently flipping scripts. I would say it's shocking, but it really is extremely predictable.ptown_trojans_1;1856316 wrote:No, but his opponents did.
So, if Trump was elected to improve the economy, it should be his barometer on how he is doing.
I would never argue Obama's economy was great. I would say it was meh. He did well in 2099 and 2010, but after that, it was just ok overall. (Great in some areas, bad in others.)like_that;1856319 wrote:As they should. I just find it funny how both sides (including you apparently) are conveniently flipping scripts. I would say it's shocking, but it really is extremely predictable.
I agree with everything, except the bolded. Maybe it's because I am one of the few non liberals in DC, but nobody held Obama to those metrics. All I heard and read every month was how he keeps lowering the unemployment rate.ptown_trojans_1;1856322 wrote:I would never argue Obama's economy was great. I would say it was meh. He did well in 2099 and 2010, but after that, it was just ok overall. (Great in some areas, bad in others.)
I did not pom pom for the great Obama economy the last few years.
Still, I agree that a metric for success for Trump should be the labor participation rate as well as the rise in wages. This should have and were metrics for Obama.