NYT admits Tax cuts supported by majority of Americans. (cost, dollars, party)

[okcthunder1945]

Corporate quarterly earnings will provide much better information on how much companies are investing their tax cuts.

[greywar]

Originally Posted by stburr91

People that don't understand that expansion will offset the tax cuts don't interest me.

The dems all told us this tax cut would destroy the GOP.

We told you dems that was absurd, and here we are with even the NYT admitting their ridiculous propaganda pieces were wrong.

Yes because after the last Bush tax cuts the GDP grew at at a massive...oh wait. nope. one year of higher growth then back to the regular range.

I dont think the tax cuts will destroy the GOP, I just think that anyone who looks at the facts of the matter will recognize that its not going to lead to giant growths.

Now if we instead invested massive amounts into several R&D projects instead....I think we could see that. But we arent going to see big GDP gains from tax cuts.

[petch751]

Originally Posted by Erratikmind

But Pelosi said . . . blah blah blah.

More Americans appreciating the return of their hard earned dollars.

Now, if we could cut out some of the Billions used for the illegal aliens.

Pelosi and party wants us out slaving and paying high taxes so we can fund the swamp.

[stburr91]

Originally Posted by petch751

Pelosi and party wants us out slaving and paying high taxes so we can fund the swamp.

The msm did report, after report about how this had no support, it would be a disaster, and that it would cause the GOP to be destroyed.

When are people going to learn that the msm has no credibility?

[Erratikmind]

Originally Posted by stburr91

The msm did report, after report about how this had no support, it would be a disaster, and that it would cause the GOP to be destroyed.

When are people going to learn that the msm has no credibility?

More people are starting to realize this.

[Avondalist]

Originally Posted by emcee squared

Spend during a recession, collect (tax) during an expansion.

We are doing it all wrong.

Politically it makes sense. By juicing the economy, the Republicans may have bought a reprieve in the midterms. By increasing wages, they will also force the Fed to raise interest rates, refilling the interest rate cushion for the next recession. If we can get rates back up, the next recession could be handled regularly with monetary policy without exotic measures like QE and NIRP.

I do think that in the interests of preserving their Congressional majorities, they will force rates to rise too quickly to push the next recession onto a Democratic administration. Then again, who knows when the next recession will be and whether Trump will be reelected.

[Goodnight]

Did they expect they would be completely unpopular, just because they arte popular doesn't mean its a good idea, taking on more debt is a very bad idea at this time. Besides this is only 2 moths in, can we wait a year or two to judge their success.

[Rambler123]

And the Housing Bubble was supported by most Americans - "everyone can get rich in real estate!" - right before the consequences wrecked the economy. In other news, many Americans buy lottery tickets, which is also a bad idea.

Given the "wisdom" of the mob in electing Trump and falling for every previous scam meant to juice the economy, such as the Housing Bubble, I wouldn't consider their opinions worth anything when deciding what is best for this nation in the long term.

[Rambler123]

Originally Posted by Avondalist

I do think that in the interests of preserving their Congressional majorities, they will force rates to rise too quickly to push the next recession onto a Democratic administration. Then again, who knows when the next recession will be and whether Trump will be reelected.

That is exactly the right-wing plan, same as with the Housing Bubble. Juice the economy with irresponsible financial games to win votes, and push the crash off until you're out of office and the Democrats take over. Then, watch right-wingers whine like little Tea Party babies about the cleanup required after the mess they made. They pulled this crap with the Housing Bubble - it just crashed a few months too early - and they are pulling it again with this pay-day loan tax scam.

Notice that the tax breaks meant for most Americans expire right about when Trump would be leaving office, if he were a 2-term president (God help us!) - that's completely intentional and just more right-wing efforts to sabotage the nation and blame the people who come after for the problems.

[moneill]

So true -- Americans loved their housing bubble -- until they didn't -- lol.

We still haven't seen any changes in our income yet. I'm sure we aren't the only ones. There should be a bigger 'positive' bump right?

We shall see.