posted by Dr Winston O'Boogie
(e.g. the Pennsylvania coal mine, Foxcon, the Toyoda/Mazda plant in AL). Those things were in the works long before he came along. It can be argued that moves like thos are what help create growth momentum in the markets.
Well, the economic surge is real. And I would mostly agree that all we really needed was to get Obama and his policies out of the WH.
posted by SpockDo you think the average voter cares about "geopolitics?" No they don't.
Regardless of that, the president should be knowlegeable about it. Our current president doesn't appear to have a clue.
posted by Dr Winston O'BoogieYou sound like Ayn Rands. Anyway, I will wait to judge his impact over time, not in the near term. For God's sake, he's given himself credit for many things that have happened during this past year that had nothing to do with him (e.g. the Pennsylvania coal mine, Foxcon, the Toyoda/Mazda plant in AL). Those things were in the works long before he came along. It can be argued that moves like thos are what help create growth momentum in the markets.
I can't help you.
Dow over 26,000
S&P up over 5% in first two weeks of '18.
Area Development Magazine (1/15) reports that Fiat Chrysler Automobiles (FCA) plans to invest $1 billion in upgrades to its facility in Warren, Michigan, a plant that “will produce the next-generation Ram Heavy Duty truck.” FCA will relocate its truck production from its current site in Mexico to the Michigan facility. The article adds that “to support the increased volume at the Warren facility, 2,500 new jobs will be created, above and beyond the jobs announced in January 2017.” In addition, FCA “confirmed that it will make a special bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the US, excluding senior leadership.” FCA CEO Sergio Marchionne is quoted saying, “These announcements reflect our ongoing commitment to our US manufacturing footprint and the dedicated employees who have contributed to FCA’s success.” Marchionne adds, “It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the US business environment by investing in our industrial footprint accordingly.”
posted by QuakerOatsDow over 26,000
S&P up over 5% in first two weeks of '18.
The amount of money I am making on my investments is ridiculous. I have one that has made about $6000 since Jan. 1.
I dont care WTF trump sais on Twitter. The average American worker doesnt care about anything but what is happening to them. Increase my pay, make me stock money. Make my retirement bountiful.
Not sure which 68 economists they spoke to, but thoughts on this?
http://thehill.com/opinion/finance/368904-economists-agree-trump-not-obama-gets-credit-for-economy
The article is an op-ed with the author's take on the polling from the economists, so it's slanted. I tried to directly link the WSJ article, but you have to be a paid subscriber. You can find the article on WSJ and try to read it in incognito view.
It is not debatable whatsoever; without Trump we would still be under 2% growth and looking at sliding into socialism. With the tax reform we are now able to compete again on the world stage, and investment is pouring into US facilities. Then factor in the rollback in regulations, favorable domestic energy policy, and the highest confidence levels in decades. Anyone who thinks obama has anything to do with the current reinvigoration of the economy is either a complete fool or a political hack.
posted by like_thatNot sure which 68 economists they spoke to, but thoughts on this?
http://thehill.com/opinion/finance/368904-economists-agree-trump-not-obama-gets-credit-for-economy
I think that article is 100% on-the-money. Only big gubmit Keynesians like Krugman would possibly disagree.
The corporate tax cuts is a big deal. Even Obama talked about it - after mocking Romney for it in every debate - but of course didn't get it done. Eliminating 20 regulations for every new 1 is probably typical Trump "facts", but not doubt that has been a real positive development after the direction we were trending under Obama (and likely to continue with Hillary).
I think businesses know how close we were to never coming back, and so they are voting their approval with their wallets and paying bonuses and investing to really try to convince people this is the path forward. It probably won't work.
The more interesting aspect is we had two major recessions in a decade, have not fully recovered from the last one and had only illusory "cash and carry" growth under W before the house of cards collapsed. Millenials in their 30's and nearing their 40's have never experienced a real economic boom, and probably limited financial success. As the Boomers well, die, Millenials are going to choose the direction of this country. And if they finally see some growth and opportunity in their careers then we may yet talk them back off the ledge of big gubmit.
Millenials are entering their prime earning years, and family expenses are becoming significant for them. They get knocked down again they will never vote Republican.
posted by gut(e.g. the Pennsylvania coal mine, Foxcon, the Toyoda/Mazda plant in AL). Those things were in the works long before he came along. It can be argued that moves like thos are what help create growth momentum in the markets.Well, the economic surge is real. And I would mostly agree that all we really needed was to get Obama and his policies out of the WH.
Yes I agree ending Obama's yearly deficit reduction and charting the path toward trillion dollar annual deficits will leave more money in the private economy will be a good thing! Good to see you're coming around.
posted by like_thatNot sure which 68 economists they spoke to, but thoughts on this?
http://thehill.com/opinion/finance/368904-economists-agree-trump-not-obama-gets-credit-for-economy
The article is an op-ed with the author's take on the polling from the economists, so it's slanted. I tried to directly link the WSJ article, but you have to be a paid subscriber. You can find the article on WSJ and try to read it in incognito view.
The market's expectations for huge deficits from Trump's tax cuts and even a potential infrastructure bill and end to defense sequestration have had a real effect since the day after the election. Janet Yellen (and not Obama) deserves the credit for the begrudging expansion after Obama's re-election when the fiscal cliff deal to raise taxes and reduce spending and deficits were a drag on the economy.
posted by gutI think that article is 100% on-the-money. Only big gubmit Keynesians like Krugman would possibly disagree.
The corporate tax cuts is a big deal. Even Obama talked about it - after mocking Romney for it in every debate - but of course didn't get it done. Eliminating 20 regulations for every new 1 is probably typical Trump "facts", but not doubt that has been a real positive development after the direction we were trending under Obama (and likely to continue with Hillary).
I think businesses know how close we were to never coming back, and so they are voting their approval with their wallets and paying bonuses and investing to really try to convince people this is the path forward. It probably won't work.
The more interesting aspect is we had two major recessions in a decade, have not fully recovered from the last one and had only illusory "cash and carry" growth under W before the house of cards collapsed. Millenials in their 30's and nearing their 40's have never experienced a real economic boom, and probably limited financial success. As the Boomers well, die, Millenials are going to choose the direction of this country. And if they finally see some growth and opportunity in their careers then we may yet talk them back off the ledge of big gubmit.
Millenials are entering their prime earning years, and family expenses are becoming significant for them. They get knocked down again they will never vote Republican.
Good thing for you then that we got a Trumpublican who won't follow your advice of smaller deficits and tighter monetary policy which would only ensure the millenials wind up democrats when the predictable disaster results.
posted by BoatShoesYes I agree ending Obama's yearly deficit reduction and charting the path toward trillion dollar annual deficits will leave more money in the private economy will be a good thing! Good to see you're coming around.
Holy shit; you actually wrote that?
obama added $10 fucking trillion to the debt in just 8 years; he doubled the entire national debt, and we got shit to show for it.
Trump comes along, and the libtards are screaming because (inaccurate) estimates say the tax law will add $1 trillion in debt over a 10 year period.
Christ, do you even read what you write?
"The White House physician said Tuesday that President Trump is in excellent physical and mental health, adding he has “absolutely no concerns about the president’s cognitive ability or his neurological function” after conducting a medical examination of the president last week.
“All clinical data indicates the president is healthy and that he will remain so for the duration of his presidency,” Dr. Ronny Jackson, a rear admiral in the Navy, said during a Tuesday briefing with reporters.
The president underwent a physical exam Friday at Walter Reed National Military Medical Center. "
What will the fake news media have to talk about tonight?
posted by QuakerOatsHoly shit; you actually wrote that?
obama added $10 fucking trillion to the debt in just 8 years; he doubled the entire national debt, and we got shit to show for it.
Trump comes along, and the libtards are screaming because (inaccurate) estimates say the tax law will add $1 trillion in debt over a 10 year period.
Christ, do you even read what you write?
Well I doubt any of this will make you change your mind (indeed, you'll just double down on your false beliefs) but I enjoy it anyways.
You're only about $4 Trillion off (but who's counting).
That precipitous drop occured under divided gov't for the most part with the GOP congress and Obama spending years bargaining on reducing the deficit and the sharp drops coming after the fiscal cliff (mind you - these were huge mistakes).
This was the fastest drop in the deficit since World War II
Again - I think this was a huge mistake. In any case, if you're a fan of lower deficits the fiscal cliff buttressed by loose monetary policy put us on a chart toward deficits near the historical average. And, CBO analysis from 2013 seemed pretty close to getting it right.
^^^Link from Conservative Mercatus Center.
The Republican Tax Plan produced under unified gov't reverses this trend and sends us back toward $1 Trillion Annual Deficits.
The Conservative Tax Foundation which supports the plan forecasts higher cumulated deficits of $10.14 trillion over a decade due to lost revenue even assuming strong economic responses to the plan with an average annual budget deficit of about $750 billion over the next five years. Moreover, the only way that number goes down is if the middle class tax cuts go away in five years.
Just accept it! Increasing the deficit is good! Be proud of Trump and the GOP!
Boat you are an idiot. Your charts are cute but you don't know what you are.
Obama "cut" deficit spending. It was still adding to the deficit.
Defitics and the resulting debt enslave people, for decades; obama effectively enslaved more Americans to their master, BIG government, than any other person in US history. It is an immoral, national disgrace. Own it.
So Trump is medically diagnosed as ultra-fit, and passes cognitive tests with flying colors. If anyone watched the national media lose their minds grilling the highly-credentialed doctor at yesterdays presser, please weigh in. They proved themselves yet again to be the most biased, deranged, and unprofessional group of adolescents I have ever seen.
Lol trump is not ultra fit.
