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Trump Domestic Policy - Budgets, etc

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23 minutes ago, BigRedBuster said:

So much for those republicans supporting state’s rights. 

 

 

states stop having rights when dear ruler decides they are wrong

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3 hours ago, BigRedBuster said:

 

He admits the dollar hasn't gone up "all that much".  But,

 

1525440135398-US-mortgage-rates-MBA-1-yr

 

saupload_US-mortgage-rates-MBA-2018-Feb-

 

The Feds have raised rates (I think) twice with two more hikes announced this year.

 

LINK

 

 

I actually find this part funny since Trump has so vocally condemned the Feds for raising rates after all the "hard work" he has put in.

If you look over ten years, the recent peaks and valleys are small noise:

saupload_30-yr_2Bfixed_2Bmtg_2Brates.jpg

 

 

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This is scary - Trump's main advisors - Fox and Friends  - at the 2:50 mark - is pretty alarming.  F&F joke about the president watching

and if he is - for him to blink the light off and on at the WH.  So what does he do - he blinks his bedroom ( I assume) light off and

on.  Thus he perfectly gives away his location (imagine a terrorist having that knowledge with the right kind of weapon) during

the F&F news time.  Plus it proves that he is tied at the hip to F&F. 

 

 

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15 minutes ago, BigRedBuster said:

Oh goodie!!!!!

 

 

#fiscalconservative

 

 

So now more of our taxes will be going to make Trump's base happy because of his stupid tariffs. Farmers already get a lot of subsidies. I have 2 family members who've been getting $14k and $22k per year from subsidies according to a government site that keeps track of it. (I only looked because one of them was complaining about welfare recipients).

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20 minutes ago, Moiraine said:

 

 

So now more of our taxes will be going to make Trump's base happy because of his stupid tariffs. Farmers already get a lot of subsidies. I have 2 family members who've been getting $14k and $22k per year from subsidies according to a government site that keeps track of it. (I only looked because one of them was complaining about welfare recipients).

 

For people who love to complain about the government, farmers sure get a lot of help from... the government.

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1 hour ago, Moiraine said:

 

 

So now more of our taxes will be going to make Trump's base happy because of his stupid tariffs. Farmers already get a lot of subsidies. I have 2 family members who've been getting $14k and $22k per year from subsidies according to a government site that keeps track of it. (I only looked because one of them was complaining about welfare recipients).

Try having that conversation with a farmer on Medicare. 

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1 hour ago, Clifford Franklin said:

 

For people who love to complain about the government, farmers sure get a lot of help from... the government.

 

I just hope that they're making the farmers take drug tests before they get their welfare. 

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41 minutes ago, VectorVictor said:

 

I just hope that they're making the farmers take drug tests before they get their welfare. 

 

Ha!

 

You want to trigger a farmer? Use the word "welfare."

 

It's amazing to me how flippantly people will throw around that word complaining about the cheats and the lazy who don't want to work. But if you aimed it at them, they would probably fly off the handle and tell you how hard they work to make ends meet. They're just being given what they deserve.

 

The lack of empathy going the other way is unfortunate.

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1 hour ago, Clifford Franklin said:

 

Ha!

 

You want to trigger a farmer? Use the word "welfare."

 

It's amazing to me how flippantly people will throw around that word complaining about the cheats and the lazy who don't want to work. But if you aimed it at them, they would probably fly off the handle and tell you how hard they work to make ends meet. They're just being given what they deserve.

 

The lack of empathy going the other way is unfortunate.

 

Agreed. And I've triggered a lot of FB farmers today by referring to this as welfare...because that's what it is, but with obviously fewer restrictions and red tape compared to welfare recipients. 

 

 

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so the same republicans that lecture the poor and disabled about pulling themselves up by their boot straps are now getting 14 billion socialist dollars to bail them out.  only in america. 

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10 hours ago, BigRedBuster said:

 

Coker is 100% spot on.   It seems like another reason to vote for Dems.  The repubs are doing nothing to curb Trump's misguided policies. 

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2 hours ago, BigRedBuster said:

 

 

 

 

He’s confusing annual GDP with quarterly, but he probably knows it and also knows his dad’s base is full of morons.

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Ooof. Kind of sucks some (hot) air out of the balloon, doesn't it?

 

 

Tonight I listened to this Intelligence Squared debate about the state of the economy. They had an interesting mix of voices.

 

Anyway, I found myself rolling my eyes every time the Trump economic advisor took his turn. Granted, he had a major hand in writing the tax cut bill, as a bigwig at the Heritage Foundation, so he's quite impartial on the subject. But to me it just seemed like he was spitting out talking point after talking point trying to make conservatives feel good about what they've done with really no basis in economic reality.

 

The consensus was pretty clear: The tax cuts aren't going to do anything for long-term growth. They're not going to raise wages. They're not going to lead to long-term job gains. It's going to be a good short-term burst and stock buybacks are great for people who own stock but we're going to have a hell of a hangover once the jolt is over as interest rates continue to rise and the debt mounts. 

 

At some point reality is going to topple GOP rhetoric on the economy and it's going to be a very tough morning in America.

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7 minutes ago, Clifford Franklin said:

Ooof. Kind of sucks some (hot) air out of the balloon, doesn't it?

 

 

Tonight I listened to this Intelligence Squared debate about the state of the economy. They had an interesting mix of voices.

 

Anyway, I found myself rolling my eyes every time the Trump economic advisor took his turn. Granted, he had a major hand in writing the tax cut bill, as a bigwig at the Heritage Foundation, so he's quite impartial on the subject. But to me it just seemed like he was spitting out talking point after talking point trying to make conservatives feel good about what they've done with really no basis in economic reality.

 

The consensus was pretty clear: The tax cuts aren't going to do anything for long-term growth. They're not going to raise wages. They're not going to lead to long-term job gains. It's going to be a good short-term burst and stock buybacks are great for people who own stock but we're going to have a hell of a hangover once the jolt is over as interest rates continue to rise and the debt mounts. 

 

At some point reality is going to topple GOP rhetoric on the economy and it's going to be a very tough morning in America.

 

 

Do you really believe the bolded? They fairly successfully blamed the Democrats for what happened in 2008. Successfully enough that enough people thought Trump and tax cuts would be good for the economy.

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1 hour ago, Moiraine said:

 

 

Do you really believe the bolded? They fairly successfully blamed the Democrats for what happened in 2008. Successfully enough that enough people thought Trump and tax cuts would be good for the economy.

 

My point was that at some point reality is going to smack all of us upside the head and the joyride is going to be over. The economy is going to do what it's going to do; no amount of Republicans good feelings and spin is going to change that. 

 

They're predictably going to blame everyone else. They'll probably say we weren't conservative enough. That's what Brownback did when Kansas fell apart. But that's not really that important. The segment of the country that's predisposed to buying their crap on the matter will continue to do so. I don't know that they convinced anybody else 2008 was the Dems' fault.

 

It's going to be up to the rest of us to find constructive economic solutions at that point.

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13 minutes ago, BigRedBuster said:

Fiscal conservative. 

 

 

well...they did, for the most part, support trump.   so they will get paid.  

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YAAAAAAA!!!!!!

 

I got in the mail today my notice to sign up for "Market Facilitation Program" (MFP).

 

You gotta love fiscal conservatism...don't ya?

 

Just a reminder.....this President still has not proven he can renegotiate ANYTHING in foreign policy or trade.  

 

Doing a great job Donnie.....

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The whole interaction is so mind-numbingly stupid.

 

Quote

Trump: TARIFFS! There. Everything is now fixed and the American worker is WINNING again!

Ford: ... We can't ship this new car here from China due to the tariffs.

Trump: I've got a GREAT idea! If you build the car HERE, you won't have to do the tariffs! PROBLEM SOLVED!

Ford: Yeah, we still can't do that. It's too expensive here. Most of the components have gone up in price. Because of the tariffs.


Honestly it's pretty clear he's got a very rudimentary understanding of how most of the economics relevant to his job work. And he's surrounded by people who either keep kissing his ass or manipulating him for their own ends that he's never going to develop more than that. I'm sure he thinks as long as the GDP looks good and stocks keep going up everything is peachy.

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15 hours ago, Clifford Franklin said:

The whole interaction is so mind-numbingly stupid.

 


Honestly it's pretty clear he's got a very rudimentary understanding of how most of the economics relevant to his job work. And he's surrounded by people who either keep kissing his ass or manipulating him for their own ends that he's never going to develop more than that. I'm sure he thinks as long as the GDP looks good and stocks keep going up everything is peachy.

Interesting.....because I've also read on this forum from a different poster that tariffs on Canada auto imports are dumb because it hurts American component manufacturers.

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12 minutes ago, BigRedBuster said:

These are rather interesting.

 

 

Really good stuff both about here in the US and globally.

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4 minutes ago, schriznoeder said:

 

 

Remember, he knows the biggest and best words.  More words than anyone else.  He even knows words that nobody has ever heard of before.

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On 8/5/2018 at 11:14 PM, Clifford Franklin said:

Ooof. Kind of sucks some (hot) air out of the balloon, doesn't it?

 

 

Tonight I listened to this Intelligence Squared debate about the state of the economy. They had an interesting mix of voices.

 

Anyway, I found myself rolling my eyes every time the Trump economic advisor took his turn. Granted, he had a major hand in writing the tax cut bill, as a bigwig at the Heritage Foundation, so he's quite impartial on the subject. But to me it just seemed like he was spitting out talking point after talking point trying to make conservatives feel good about what they've done with really no basis in economic reality.

 

The consensus was pretty clear: The tax cuts aren't going to do anything for long-term growth. They're not going to raise wages. They're not going to lead to long-term job gains. It's going to be a good short-term burst and stock buybacks are great for people who own stock but we're going to have a hell of a hangover once the jolt is over as interest rates continue to rise and the debt mounts. 

 

At some point reality is going to topple GOP rhetoric on the economy and it's going to be a very tough morning in America.

More evidence for the above in this article.   Put a fork in the "Party of Fiscal Responsibility".

 

https://www.axios.com/deficit-grows-222-billion-tax-laws-debt-us-trump-de9f61f5-5d8e-437b-ad36-bd7640349059.html

Quote

 

The U.S. deficit grew by $222 billion from this time last year — reaching a total of $895 billion, according to the nonpartisan Congressional Budget Office.

Why it matters: This increase was due mostly to the new Republican tax law and Congress' routine decision to increase spending, which grew by 7% compared to revenue growth of only 1%. The CBO now says the deficit will approach $1 trillion by the end of this fiscal year, but in April the agency didn’t expect the deficit to reach $1 trillion until 2020.

 

 

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What an absolute mess of total mismanagement.  And the Trumper Pumpers still have this glazed look in their eyes of love and admiration for the dear leader.

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1 hour ago, BigRedBuster said:

 

Remember, he knows the biggest and best words.  More words than anyone else.  He even knows words that nobody has ever heard of before.

 

 

From Twitter:

 

I think he was confused and was referring to that bed in Moscow.

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