How Long Will It Take Trump to Crash the Economy? (Baby Boomers, Merry Christmas)
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~ Dec 2007 - Sep 2008 any of those dates. Many use Sep because of the stock market crash
Yet you still comment.
You said the facts back you up. You haven't presented any facts. I said that earlier and you still haven't presented anything to back up your absurd statement. Why comment when you cannot comprehend a simple post?
Your entire post makes me question the education system in this country, and wonder how it has let this country down...
You do realize that between December 2007-September 2008 was still during Bush's term? Therefore the recession falls under his watch.
I commented on your post because I was hoping you would clarify it....I guess you chose not to....oh well.
I can't comprehend what you wrote because you didn't actually write anything, you just strung words together that made no sense. If I said to you, "you yet you know about what in that we are for is why what we are against." Would you know what I was talking about? Maybe try reading what you post out loud first to make sure it sounds okay. That always works best. Though you do have good copying skills, though I am guessing that is more of a coping method, than anything else.
I do apologize, I was under the impression that we are all well invested in the data of the economy over the past 8 years. I sometimes forget some people haven't paid much attention to the data.
This link has a good selection of graphs and descriptions of those graphs. The economy is definitely recovering from the recession, though it is going at a much slower rate than past recoveries. https://www.bloomberg.com/news/artic...g-to-feel-good
Much of the slow pace of recovery, I blame more on Congress due to their inability to work, which is also why they have the lowest approval rating. Combine that with their rate of reelection, that type of stagnation in Congress creates a lot of problems for fixing the economy. Most politicians that were involved during the economy crash should have lost their seat in office rather than be reelected.
Actually before the crash, there were 28 million people on food stamps. Early 2008 27-28 mil late Sep we went over 31 million. You're 1 year off at a minimum.
You have no issue that the number of people on food stamps 8 years after the crash is 50 percent higher? Your standards are extremely low.
IT TAKES A SPECIAL INTELLECT AND
A Broken Moral Compass
Remember, socialism - compulsory labor for the benefit of another - relies on the masses turning off their moral conscience. Slavery is never a viable solution for the ills of mankind, no matter how deserving or pitiful the recipient may be.
Using the collective power of government to enforce confiscation and servitude is an abuse, no matter if you are the beneficiary or victim.
But we can't blame BHO without running back the calendar to 1933, and the advent of the U.S.S.A.
That's the generation that embraced the notion it was a "good thing" for government to take from one to give to another.
It's been downhill ever since, partisanship notwithstanding.
It will probably go south no matter what and he'll get the blame. This current economic cycle is pretty long in the tooth. If you don't like him, blame yourselves for getting Hillary Clinton nominated as the democrat candidate. Sanders would have wiped the floor with him, so stop your damn whining already.. your party gave you Hillary, so deal with it.
I originally didn't like his tax plan because it seemed like too much of the cuts went to the top one percent, but digging deeper it looks like he's going to tweak the standard deduction way up which is going to benefit a lot of middle class people, because whether you realize it or not, most people don't benefit much from the mortgage interest deduction, because you have to itemize to take it... I try to get this into people's heads and they don't get it. I'm not talking about most city-data posters who are pulling in $150k+, I'm talking about middle class who own say a $200k house and earn 50K or so per year per person.
I do think he should add a 4th tax bracket: 40% rate for people who earn 1 million dollars+ per year.. but if he successfully closes a lot of loopholes and writeoffs we won't need it. Itemized deductions will he capped at $100k for single filer and $200k for joint. Standard deduction goes up to $15k for single and $30k for joint and long term capital gains rate is zero in 12% bracket, 15% for the 25% bracket and 20% for 33% bracket. This ends up being a pretty substantial middle class cut for many people (I would do well with it as a single male who doesn't benefit from the mortgage interest deduction or all the child credits) and not bad for some (not all) really wealthy people... Not so much for the upper middle class earners ($100-200k) who I would argue get "screwed" in this plan as you hit the 33% bracket @ $112,000 instead of staying at 28% until $190,000.... That could generate quite a bit of revenue actually.
-The standard deduction will go way up. Single filers would see the amount of income exempted from taxes rise from $6,300 to $15,000. Married couples who file together would see their exemption go to $30,000. That means far fewer people would need to itemize deductions, which could change what many Americans spend on housing and charitable giving.
-Itemized deductions could be capped. For the wealthy, this could have a big effect on how much they give to charity and whether they could deduct state and local taxes, depending on how the law is ultimately written.
Trump isn't thinking about economy yet, he is working on "jobs". With that much incentives to save just 1000 Carrier jobs, there'd be thousands more companies threaten to move to Mexico. It does not seem so brilliant.
The stock market is above 25 for the Shiller P/E, which is a sign it is coming back down.
Obama did not cut the deficit in half. (1) It is set to naturally keep increasing as is, (2) interest rates are set to rise making it worse, (3) the 2016 actual national deficit was $1.42 Trillion.
Home sales will drop a bit as interest rates rise.
The new jobs created pay less than the jobs lost with less benefits.
I think he's trying to pull a pump and dump. I think his infrastructure plan (if it comes to play) will boost the economy a little bit for a short while, and then it will all come crashing down. Trump is trying to pump this baby up long enough to win a second term before the inevitable destruction that supply-side economics brings.
In essence, I think Trump is going to ride the Obama's economic recovery for as long as he can (while claiming credit, of course), implement the infrastructure rebuild after the recovery loses steam, and hope the artificial boost it gives to the economy wins him another four years before the economy plummet.
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His plans have many economists worried. Like you say his spending spree (which is not even needed) will help for a while, but then his massive taxation of imports will bring down the entire economy.
There hasn't been a recovery. Eight years later we are still worse off than before the crash. Not that the Obamabots care about the truth.
The last place we'd want to be is the years leading up to the crash. Bubble economy where people pulled money out of the artificial equity of their houses to spend on stuff. Yes, that makes the numbers look good for a while, but its far from healthy economy, and sure enough, it lead to a complete melt-down of the economy.
Actually one GOP rep already said that a trillion dollar stimulus sounds like a good number. Trump wants to burn a trillion, and it seems like they'll be happy to do it. Should we spend on a massive emergency measure when there is no emergency?
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