I think you understood what I meant. The plan is, you cut rich people's taxes today. Then you notice that the deficit is out of control. So then you hike taxes on the middle class (and cut services to the poor). barfo
Growth is about the same as it has been for the past several years. People who say otherwise are lying to you, including the President. The debt is increasing, not decreasing. We are not paying it down faster, we are borrowing faster. The federal government hasn't been cut. Spending is up, not down. Maybe the government will raise a lot more money via Trump's tariffs, which are new taxes. More likely, they'll either be scaled back or cause an economic catastrophe. barfo
Look, I told you before, Nike has rules on the minimum wages and working conditions for people building their products and it's not 80 cents/hr. The wages of emplyees in Vietnam had to be increased quite a bit.
But, according to Trump, the deficit will be zero by the end of year 8. Hell, he isn't even gonna make it to year five.
CC...Im for freedom of speech and if someone wants to protest anything that ok by me as long as they are civil. When Kap wore socks that depict police as pigs do you really see that as wanting to have a sincere discussion? I see it as someone you wants to grandstand and say fuck you to all police, which is no way to bring to different sides together to have a constructive conversation. If he wants to be a mediator to bring parties together for change, why that behavior? If he wants to be a conciliator and offer constructive ideas to help bring about change, why the where pigs depicting police on his socks. If he is promoting and concerned about social injustice why would he where at shirt with Castro on it, one whom suppressed his people for years. To me if someone advocates change they shouldn't be counter productive. To be honest I agree with some of his concerns but I have enough backbone to say his approach wasn't totally correct and mostly inflammatory by his apparel statements.
Barfo..you are certainly entitled to your opinion as I am. I do respect opinions of others as well: It may be long and it was printed in April by Forbes. Like an electrical engineer unbiased economist know a schematic and can read it. A Year Of 3 Percent Economic Growth Shows No Signs Of Stopping William Dunkelberg Contributor i Share to facebook Share to twitter Share to linkedin Critics claimed that the economy would collapse after the 2016 presidential election. Forecasters who used their politics and not their economic sense predicted woes for financial markets and job creation. But what developed post-election was entirely different. Instead, the stock market added trillions in value, and the economy produced over 2 million new jobs with the unemployment rate now at 4.1 percent. GDP growth has averaged 3 percent for the last three quarters, and the New York Federal Reserve anticipates a repeat for the first quarter. If achieved, that would mean that growth in the past 12 months was 50 percent better than the 2 percent rate that characterized the eight years prior to the election. Investors don’t invest in a dismal future which was clearly the view on Main Street for years up to the election. NFIB’s monthly Small Business Optimism Index only once reached its 45-year average between 2009 and 2016. Firms don’t grow beyond what is needed to replace depreciated equipment and accommodate population growth (more people require more haircuts and services), which is currently under 1 percent. Central to an economic recovery is the small business sector, which includes over 5 million employer firms with fewer than 500 employees, 90 percent with fewer than 20, along with tens of millions of “one person” firms. Small businesses employ about half of the private sector workforce and produce about half of the private Gross Domestic Product. The National Federation of Independent Business’s Index of Small Business Optimism clearly identified this abrupt change in economic activity. The 45-year average for the Index is 98. In October of 2016, the Index was 94.9, and in the November days preceding the election, it was 95.4. In the remaining days of November, the Index jumped to 102.4, then 105.8 in December 2016 with near record readings every month in 2017, and again this year. That makes 16 months of sustained record-level readings! Clearly, the change in the management team in Washington D.C. was critically important to small business owners. It meant that a new team that ran on a “smaller government” platform would take control. As uncertain as the details of policy changes might have been, the direction was clear and that mattered. Whatever tax reform or health care reform or regulatory policy might look like in detail, it would be better than what they lived in under the previous administration. And the avalanche of new regulations would end, returning control of resources back to the private sector and markets. Without a single specific change in policy, the Main Street economy began to surge after the election according to the NFIB survey data. Small business owners increased hiring and spending, as confidence in a better future grew. Investment in workers and plant and equipment is, for the most part, all about the future. Before the management change, small businesses were in a mode of only routine spending on maintenance and depreciation for years. A change in the outlook for economic policy, reducing government’s grip on private-sector actions, was sufficient to raise the expected rate of growth, and investment spending responded, with millions of firms doing “more.” In February, reports of spending on capital investments reached the highest level see since 2004. That added up to substantial growth in jobs and output as is now quite evident. Investment in the capacity of the economy and its workforce has been depressed since the Great Recession. Now it is ramping up with hiring and investment spending coming to life, boosted by more favorable tax rates that raise the return on new investment as well as on the existing capital stock. These rates allow existing machinery to earn more for the same amount of work. Although not the only player, small business has clearly performed a significant role in the dramatic improvement in economic growth and job creation. I’m Chief Economist for the National Federation of Independent Business, where I focus on entrepreneurship, small business, consumer behavior and the economy. I’m also Professor Emeritus at Temple University. Please follow the NFIB Research Foundation on Twitter: @NFIBResear... MORE
Also, Mu son just passed his Journeyman's Electricians test for both Washington and Oregon. The local Portland electrical contractor he's worked for over the last 6 years has experienced recent huge growth and new jobs to the point they cannot find enough electricians. Even though his union leans left they will be the first to say work is plentiful and robust. Oh, and growing robustly. Like a scalawag with a bottle of Rum and a hot chick!
There are only 3 reasons for an American businessman to manufacture overseas. 1. To cheat their countrymen by avoiding paying taxes which our country depends on to function. 2. To avoid paying fair wages by renting slaves from slave-owning countries. 3. To avoid complying with workplace-safety and anti-pollution regulations by manufacturing in countries with lax regulations.
...exactly who am I enabling?...do you ever think things through before posting?...the evidence says no.
We are both entitled to our own opinions, but not to our own facts. These are statements of fact, not opinion: This one is opinion (or maybe just speculation): I very much appreciate that you provided the Forbes material so there is something concrete to discuss - I will address that article later today when I have a bit more time. barfo
