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What a pantload of a lie that was. Never been mentioned since.
The moron is a pathological liar.
Not so.
The GOP status quo elites had their way with the bill. Pulled the tax cuts out and are trying to sell it in a slight of hand move, thinking no one will look deeper than the name of the bill. Not to worry it won't pass anyway.
The GOP status quo elites had their way with the bill. Pulled the tax cuts out and are trying to sell it in a slight of hand move, thinking no one will look deeper than the name of the bill.
The tax cut would have never passed with a permanent individual tax cut because of congressional rules, the impact to the deficit would have exceeded the threshold.
The tax cut would have never passed with a permanent individual tax cut because of congressional rules, the impact to the deficit would have exceeded the threshold.
Another rule in the Senate requires bipartisan support to pass. It was DOA.
Trump inherited a stock market that was more overvalued for price to earnings than in 1929. How did he create that? How did Trump enable the largest trickle down policy in US history under Obama?
Um, didn't Trump BRAG about how he raised the stock market?
BTW: Obama inherited a far higher P/E situation. As low as stock prices were at the time (and they were REALLY LOW), the P/E ratio was nevertheless at record highs (around 120) in early 2009 for the simple reason that earnings were horrendously low. The stock market stabilized after Obama came into office and prices began to rise, meanwhile the P/E ratio stabilized as well as company earnings improved.
The P/E ratio for Trump was around 23/24 when he took office - and not a whole lot different today. P/E ratio in 1929 at the time of the crash as just under 20. The market has spent a lot of time above that 1929 ratio over the years. The P/E today is on the high side (still) but not anywhere near historically so.
Meanwhile Caterpillar is making record profits as it continues to lay people off and move their jobs to Mexico:
"Caterpillar Inc. said it will begin laying off 285 workers at its Joliet plant in January.
The heavy equipment manufacturer (NYSE: CAT) said in a required notice with the state that the job cuts will begin Jan. 2 and continue through June 30.
"Caterpillar intends to transition manufacturing currently performed in Joliet to other Caterpillar factories,” a Caterpillar spokesperson said...
...In October of this year, Caterpillar reported its "best third-quarter profit per share in (the) company's history," but the company had some cautionary remarks as well.
"Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and tariffs," the company said..."
Meanwhile Caterpillar is making record profits as it continues to lay people off and move their jobs to Mexico:
"Caterpillar Inc. said it will begin laying off 285 workers at its Joliet plant in January.
The heavy equipment manufacturer (NYSE: CAT) said in a required notice with the state that the job cuts will begin Jan. 2 and continue through June 30.
"Caterpillar intends to transition manufacturing currently performed in Joliet to other Caterpillar factories,” a Caterpillar spokesperson said...
...In October of this year, Caterpillar reported its "best third-quarter profit per share in (the) company's history," but the company had some cautionary remarks as well.
"Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and tariffs," the company said..."
He made up go up even more and bragged about it through Jan 2018 on Twitter. Wondered what happened since?
Quote:
Originally Posted by LordBalfor
Um, didn't Trump BRAG about how he raised the stock market?
Yes and as I've said multiple times on here he was a hypocrite and an egomaniac for doing so - especially as he pointed out factually that the p/e ratio was way above historic norms during the campaign.
Trump is full of it.
His constant tariff/trade war talk very well might pop the bubble. However, there is a difference between what caused the bubble and what popped the bubble. It doesn't take a genius to figure this out. Can you actually argue against any of the facts that I laid out in my post that QE made investors go into stocks?
Quote:
Originally Posted by LordBalfor
BTW: Obama inherited a far higher P/E situation. As low as stock prices were at the time (and they were REALLY LOW), the P/E ratio was nevertheless at record highs (around 120) in early 2009 for the simple reason that earnings were horrendously low. The stock market stabilized after Obama came into office and prices began to rise, meanwhile the P/E ratio stabilized as well as company earnings improved.
The P/E ratio for Trump was around 23/24 when he took office - and not a whole lot different today. P/E ratio in 1929 at the time of the crash as just under 20. The market has spent a lot of time above that 1929 ratio over the years. The P/E today is on the high side (still) but not anywhere near historically so.
No offense, but you simply aren't comprehending your own link.
You are using a chart that shows a trailing P/E. So on Obama's first day in office most of that trailing P/E would be calculated before the drop that happened before Obama took office. Obama took the office AFTER a huge drop in the price in stocks...so the P/E ratio was already low....unless you use a trailing P/E ratio. It is illogical for you to use a trailing P/E ratio - which the majority of that data would be BEFORE the stock market collapse when the P/E ratio was high.... to talk about what the P/E ratio was as of the moment when Obama took office -- because the actual P/E ratio the moment he took office was low.
#2 The trailing P/E on January 2009 includes mostly data from BEFORE the September 29, 2008 stock collapse so it is distorted high. This is what you are using.
#3 If you use the actual P/E on January 20th of 2009 it is much lower and at historical norms - as the price has already dropped dramatically thus lowering the current P/E.
These are facts and are indisputable. This isn't rocket science.
The GOP status quo elites had their way with the bill. Pulled the tax cuts out and are trying to sell it in a slight of hand move, thinking no one will look deeper than the name of the bill. Not to worry it won't pass anyway.
What bill sponsored Trumps ‘promised 10% individual tax cut’ ?
Everything is easy for those who don't have to do it --- ME.
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