$1.5 trillion U.S. tax cut has no major impact

Jan 2016
55,946
52,496
Colorado
#11
With the highest economic growth rate in 13 years and at the same time an increase in Federal Tax revenues, Trump's tax reform is the poster child for the validation of supply side economics.
Federal tax revenues have FALLEN as a percentage of GDP, which is what MATTERS. We had one QUARTER of 4.2% growth. Whoop-de-do! Obama had FIVE quarters of growth that exceeded that. Growth is now slowing, and we will NOT get anywhere even NEAR Trump's promise of 4% growth for this year. If you don't know that, you're about the only damn person in the world that doesn't. Aside from 2018, the last year of 3% growth America had was in 2005, the MAXIMAL year of the Great American Housing Bubble of the 2000's.

That was something we should not want to repeat.
 
Likes: OldGaffer
Nov 2018
6,711
2,136
Maryland
#12
The left have to downplay the great economy produced under Trump. They have to make it appear we live in a gloom and doom economy, even though you can see with your own eyes that they are making things up.

The US economy advanced an annualized 3.5 percent on quarter in the third quarter of 2018, beating market expectations of 3.3 percent, the advance estimate showed. It follows a 4.2 percent growth in the previous period which was the highest since the third quarter of 2014.Dec 21, 2018
United States GDP Growth Rate | 2018 | Data | Chart | Calendar ...

https://tradingeconomics.com/united-states/gdp-growth
 
Likes: bmanmcfly
Jul 2013
56,198
61,224
Nashville, TN
#13
Good point.

For instance, John Kerry bought his $7 Million yacht in New Zealand.

At a time when the American yacht building industry was struggling.

And saved half a million dollars (that's real M O N E Y) by docking his foreign made yacht in neighboring Rhode Island.

Manufactured out of country, and docked out of state.

Yeah, that's a real American right there, I tells ya...

Ah yes, the hypocrisy...
And he is the only 1% to do that, all the others are pure Americans thinking of nothing but the national good....GMAFB
 
Oct 2014
32,779
5,969
C-A-N-A-D-A-Eh
#14
The left have to downplay the great economy produced under Trump. They have to make it appear we live in a gloom and doom economy, even though you can see with your own eyes that they are making things up.

The US economy advanced an annualized 3.5 percent on quarter in the third quarter of 2018, beating market expectations of 3.3 percent, the advance estimate showed. It follows a 4.2 percent growth in the previous period which was the highest since the third quarter of 2014.Dec 21, 2018
United States GDP Growth Rate | 2018 | Data | Chart | Calendar ...
United States GDP Growth Rate | 2019 | Data | Chart | Calendar | Forecast
That's in spite of the central bank increasing rates as much as possible to offset that growth...

Better to destroy the american economy than to concede that Trump did something positive.
 
Likes: spyydrr
Jul 2014
38,063
10,066
midwest
#17
And he is the only 1% to do that, all the others are pure Americans thinking of nothing but the national good....GMAFB
He's the only major party presidential nominee to buy a yacht made in a foreign country.

And the only one to berth it in another state.

All to save taxes.

At least that I know of.

Maybe you know of others?

Thanks Kerry!

GMAFBYD.
 
Jan 2016
55,946
52,496
Colorado
#18
The left have to downplay the great economy produced under Trump. They have to make it appear we live in a gloom and doom economy, even though you can see with your own eyes that they are making things up.

The US economy advanced an annualized 3.5 percent on quarter in the third quarter of 2018, beating market expectations of 3.3 percent, the advance estimate showed. It follows a 4.2 percent growth in the previous period which was the highest since the third quarter of 2014.Dec 21, 2018
United States GDP Growth Rate | 2018 | Data | Chart | Calendar ...
United States GDP Growth Rate | 2019 | Data | Chart | Calendar | Forecast
(1) Growth is SLOWING DOWN, from the 4.2% in the 2nd Quarter of 2018 to the 3.5% you cite above for the 3rd Quarter, to a likely ~3.0% for the 4th Quarter of 2018. The 1st Quarter number for 2019 is likely to be rather bad, thanks to the government shutdown, the intensifying U.S./China trade war, slowing economies abroad, and declining consumer confidence. Very few credible forecasters are expecting anything better than 2.5% growth for 2019, and MANY are seeing a recession in 2020. Trump PROMISED economic growth of 4%, or 5%, or even 6% (ABSURD!). He is FAILING that promise. Obama, by the way, had FIVE quarters of growth that exceeded that 4.2% number.....

(2) Consumer confidence has, in fact, FALLEN since Mr. Trump took office.

(3) The Congressional Budget Office, and others, have forecasted that the Trump tax cuts are pushing America towards another financial crisis a la 2008/2009.

https://www.sfgate.com/nation/article/Trump-tax-cuts-carry-huge-debt-risk-of-another-13028061.php
 
Jul 2013
56,198
61,224
Nashville, TN
#19
He's the only major party presidential nominee to buy a yacht made in a foreign country.

And the only one to berth it in another state.

All to save taxes.

At least that I know of.

Maybe you know of others?

Thanks Kerry!

GMAFBYD.
Shit from a decade ago...1%r's are fucking the public out of trillions and you have this shit?
 
Likes: labrea