If you disagree with abortion, that is yout right. but that right ends at the rip of your nose.
This is the Republican Party
- Thread starter astonmartin708
- Start date
So.... the fetus is touching the mother constantly.... and threatening her life and her livelihood. You have such cognitive dissonance.
Just a quick refresher on your buddy Xi. There are no good guys here p
Trump has a business financial relationship with these two countries.
Biden has personal financial relationship with these two guys.
Biden has personal financial relationship with these two guys.
You have no idea what kind of relationship either have with these two countries. And their is no difference between a business financial relationship and a personal financial relationship. You are making money off of them, and are susceptible to bribes and extortion. How do you define personal and non-personal? I have a feeling your definitions are Democrats & Republicans.
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a business relationship creates a product for consumption,
a personal relationship creates a pay to play
That's BS, but I'll play the game. Energy is consumed just the same as a rented property to live in for a day. Except the rented property is still there for a day, whether rented or not. So in some definitions, the rented property is not truly consumed as much as the energy(gas) is consumed. There is no pay to play involved in either situation. And the Trump name is not a product, which in many situations is all Trump is offering. Also you have no proof in either situation that it is a pay to play arrangement, that's just innuendo.
Prove that Biden is involved in any deals with those countries. Not Hunter, but Joe Biden. I guarantee I can prove both that Trump, and Trump by proxy is involved in deals with those countries. And your definition of a business deal that creates a product versus one that does not is total bs, and false. Trump profits whether there is a product or not. There is no definition of a business deal being personal or not personal, unless you are talking about a corporation in which the stockholders profit. Then you can define personal as an employee or stockholder profiting as opposed to the entire stockholders profiting as a unit. FOS BS definitions that are only in your head.
Don't worry. Feel free to hand a functioning economy to Trump for him and his Republican buddies to completely wreck again. A Democrat can fix it in 2028
Wait….do you believe the economy was wrecked prior to Covid shutting it down during the Trump presidency ? Low inflation, low unemployment, over a year of gains in median wages.
He was handed low inflation and low unemployment. I also think that his actions, and the actions of his administration increased the severity of the economic effects of Covid by prolonging it via their support of pseudoscience.
P.S. real household income was already increasing drastically by the end of Obama's term. It rose 6K between 14 and 16 and another 8K under Trump prior to Covid, but Trump achieved a good deal of that via Tax Cuts rather than true sustainable growth. He basically charged that increase on the credit card.
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I suggest you check your numbers. We saw practically zero growth in hourly wages adjusted for inflation during Obama’s eight year presidency. A figure which ranks among the worst in U.S. history.
Median inflation adjusted earnings U.S. 1979-2022 | Statista
In 2022, the usual median hourly rate of a worker's wage in the United States was 18.12 U.S.
www.statista.com
He also handed Trump an economy which was had declined a full point in growth during Obama’s final year. Growth was less than 2%. Add to that dismal consumer confidence and the economy was headed the wrong direction with wage growth adjusted for inflation stagnant for the past eight years.
I suggest you check your numbers. We saw practically zero growth in hourly wages adjusted for inflation during Obama’s eight year presidency. A figure which ranks among the worst in U.S. history.
Median inflation adjusted earnings U.S. 1979-2022 | Statista
In 2022, the usual median hourly rate of a worker's wage in the United States was 18.12 U.S.
He also handed Trump an economy which was had declined a full point in growth during Obama’s final year. Growth was less than 2%. Add to that dismal consumer confidence and the economy was headed the wrong direction with wage growth adjusted for inflation stagnant for the past eight years.
Real Median Household Income in the United States
View the inflation-adjusted value of the 50th percentile of the U.S. income distribution, as estimated by the Census Bureau.
fred.stlouisfed.org
Your second paragraph is simply not true. GDP growth during Obama's final few years was basically the same as Trump's. 2.7 vs 2.9. Nothing extraordinary there.
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1.67 his final year (2016). Down more than a point from 2015. We were going the wrong direction on many fronts.Real Median Household Income in the United States
View the inflation-adjusted value of the 50th percentile of the U.S. income distribution, as estimated by the Census Bureau.fred.stlouisfed.org
Your second paragraph is simply not true. GDP growth during Obama's final few years was basically the same as Trump's. 2.7 vs 2.9. Nothing extraordinary there.
U.S. GDP Growth Rate 1961-2024
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the...
Many other graphs show progressive improvement in the economy from 2014 onward. I would contend that it had a lot to do with Obama's Iran deal which flooded the market with cheap oil and drastically lowered energy & transportation costs. (Those marked improvements happen to coincide as far as dates go as do astronomically high O&G prices with the lull in Obama's economy up until 2014). The fracking boom really put a damper on the post 2008 recovery as you saw a 4 year period with WTI prices over $100/bbl1.67 his final year (2016). Down more than a point from 2015. We were going the wrong direction on many fronts.
U.S. GDP Growth Rate 1961-2024
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the...www.macrotrends.net
Trump's portion of most graphs show a drastic spike between 18 and 20 related to his tax cuts coming into effect. How much interest have we had to pay for that growth recently?
P.S. Biden was briefly hurt by energy prices as well, when the fallout from the Ukraine conflict drove inflation globally. (Unless you were in India) Prices there quickly returned to sub $80/bbl and the economy evened out soon after.
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Not as much as you think. We added $580B during Obama final year. We added an average of $800B during Trumps first three years. So the debt service on $660B if my math is correct assuming you want to attribute the additional debt to the tax cuts. I’ve omitted the Covid years. Basically peanuts compared to the $2T deficits were now running.
Not sure what graph you speak of. GDP growth as well as growth in real wages are the two most important data points. Both were headed the wrong direction in 2016.
You can't randomly omit periods when the tax cuts were in effect when trying to calculate how much they cost. Trump's tax cuts weren't even in effect until 2018 and weren't felt until late in his third year. By his 4th year when they hit in earnest we were adding a bunch for Covid on top of taking less in for revenue. Coincidentally, the first two years without those cuts showed only modest growth comparable to Obama's.
As to graphs, Real personal income, real median household income, Real GDP, Real GDP per capita, Real median family income, real disposable personal income were all increasing from either 2012 or 2014, depending on which one we're talking about, and they were all increasing at similar rates as Trump's first two or three years, prior to his tax cuts.
Unemployment had already fallen for 6 straight years when Trump took office.
What to expect with a Trump win: Social Security. From Barons/WSJ
Oct 21, 2024 1:14 pm EDT
The Social Security program would be insolvent three years earlier than expected if former President Donald Trump implements the trillions in tax cuts he has touted on the campaign trail. There’s no reason for retirees to panic yet.
Trump’s grab bag of proposals—which includes ending taxes on Social Security benefits, on tips, and on overtime—would increase Social Security’s shortfall by $2.3 trillion through the 2035 fiscal year, according to the Committee for a Responsible Federal Budget, a nonpartisan nonprofit that favors lower deficits. That would mean that Social Security’s trust funds would run out of money by 2031, three years earlier than under current policies, the CRFB said.
If that happens, Social Security benefits would be cut by 33% in fiscal year 2035, up from the 23% cut that the Congressional Budget Office projects under current law, the CRFB says.
Social Security Would Go Broke Sooner Under Trump Tax Cuts, Study Says
By Joe LightOct 21, 2024 1:14 pm EDT
The Social Security program would be insolvent three years earlier than expected if former President Donald Trump implements the trillions in tax cuts he has touted on the campaign trail. There’s no reason for retirees to panic yet.
Trump’s grab bag of proposals—which includes ending taxes on Social Security benefits, on tips, and on overtime—would increase Social Security’s shortfall by $2.3 trillion through the 2035 fiscal year, according to the Committee for a Responsible Federal Budget, a nonpartisan nonprofit that favors lower deficits. That would mean that Social Security’s trust funds would run out of money by 2031, three years earlier than under current policies, the CRFB said.
If that happens, Social Security benefits would be cut by 33% in fiscal year 2035, up from the 23% cut that the Congressional Budget Office projects under current law, the CRFB says.
Isn’t the real issue here is that SS is going bankrupt and no one seems to want to do anything about it? Going broke three years earlier is obviously a problem but the real issue which must be addressed is the overall solvency. Hopefully this article brings new eyes on the upcoming cliff.
if Congress would only spend the money on what it was intended for, no poblem..
My Body, my Choice.
My Vacine, my Choice.
My Retirement, my Choice.
solution: Privatize.
My Body, my Choice.
My Vacine, my Choice.
My Retirement, my Choice.
solution: Privatize.
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My conservative friends tell me that while they "don't like Trump" they like his policies. Which ones? His tariff plan for example?
"Former President Donald J. Trump’s economic proposals could inflame the nation’s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee’s plans.
The Committee for a Responsible Federal Budget, a nonpartisan group that seeks lower deficits, found that Mr. Trump’s various plans could add as much as $15 trillion to the nation’s debt over a decade. That is nearly twice as much as the economic plans being proposed by Vice President Kamala Harris."
To be fair,neither candidate would try to reduce the national debt, but Trump's plan is far worse. So what policies are conservatives so pumped for?
"Former President Donald J. Trump’s economic proposals could inflame the nation’s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee’s plans.
The Committee for a Responsible Federal Budget, a nonpartisan group that seeks lower deficits, found that Mr. Trump’s various plans could add as much as $15 trillion to the nation’s debt over a decade. That is nearly twice as much as the economic plans being proposed by Vice President Kamala Harris."
To be fair,neither candidate would try to reduce the national debt, but Trump's plan is far worse. So what policies are conservatives so pumped for?
I think people want to go back to a time of affordable housing, low inflation, growing real wages and associate them with Trump since that was the reality prior to Covid.
As for myself, I support low capital gain rates. I believe Harris proposed hike would significantly reduced investment in this country. How many people are going to be willing to place capital at risk of the tax on gains is over 50%? As someone who dabbles in real estate, I know the hike would affect my investment decisions.
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her plan, tax payer sex changes for anyone, higher taxes on corps which will be passed on to the consumer. open border, government mandated prices, elimination of all fosell fuels. . . .
Affordable Housing - Probably somewhat of a pipedream right now, but interest rates coming down should allow more people to think about buying. I haven't seen any Trump plan to actually tackle this besides letting people keep more of their income taxes which will drive up housing costs the same way that giving people tax credits for homes will.
Low inflation.... achieved. Next? BTW, Trump didn't cause low inflation. He was gifted extremely low inflation. Had he been gifted Covid coming into office, he would have seen inflation just like the rest of the world did regardless of their leadership's leanings.
Your doting on Trump's wage growth is kind of a load of crap as they are only a single marker for economic health, I can tell you that I and many others did quite well the last 4 years by comparison to Trump's 4.
It's very unlikely that either candidate would be able to pass capital gains reform without the support of the other party, that being said... Capital Gains should be taxed similarly to other incomes. (I'm not saying at a 50% rate, but something similar to the graduation of income taxes makes sense: ~24% for married filing jointly at $200K) You shouldn't receive a 'get out of taxes' card just because you're speculating vs working a 9 to 5. For 500K-700K we're talking more like 30+%
I understand your concern for continued capital investment, but if the stock market has shown us anything in the past 10+ years, it's that we're probably going a bit easy on speculators who have reaped the benefits of low interest rates, low capital gains rates, major stock buybacks and income tax cuts. There has to be a sweet spot, and I'm not sure we're there yet.
Hopefully we can get mortgage rates headed the right direction again. They’ve been rising steadily over the past month and a half as the risk of higher inflation is once again with us. Our debt service costs are also once again rising. Cutting rates 1/2 point may have been too much too soon.
I’m not arguing how much credit, if any, Trump deserves for the relative peace and prosperity prior to Covid during his Presidency. Presidents tend to get too much credit as well as too much blame for the economy. Trump is no different and many people are voting for him for that reason.
I’m not arguing how much credit, if any, Trump deserves for the relative peace and prosperity prior to Covid during his Presidency. Presidents tend to get too much credit as well as too much blame for the economy. Trump is no different and many people are voting for him for that reason.
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They could potentially skip the next one. I think the fiscal easing will take some time. Mortgage rates took 10 years under Reagan & Bush to get back to where they had been midway through Carter's Presidency.
I do think what Biden and the Fed have done in the past year and half has been somewhat remarkable when you compare it to what happened with Reagan in 81 and 82. This could have been much, much worse for a very long time. Not out of the weeds yet of course..
Trump is a blazing idiiot. He thinks he can put massive tariffs on not just China, but also Mexico & Canada?
How does he plan to tackle the massive inflation that will cause. We don't have the financial room to do quantitative tightening and raise the interest rates enough, in order to deal with the inflation that will come from this. Does he think we can function in a fully self sustained mode? He's nuts. The global economy won't go in the trash can, our economy will. He will boost the economy of everybody else, and trash ours.
How does he plan to tackle the massive inflation that will cause. We don't have the financial room to do quantitative tightening and raise the interest rates enough, in order to deal with the inflation that will come from this. Does he think we can function in a fully self sustained mode? He's nuts. The global economy won't go in the trash can, our economy will. He will boost the economy of everybody else, and trash ours.
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I would expect these tariffs if they ever come to pass will be short term and inconsequential to inflation Trump will garner some concessions on fentanyl and illegal immigration then claim victory and move on
Claiming victory is his only goal. If he moves on quickly, then fine. He can be the winner he wants to be, (in his own mind) and I won't do anything but laugh at him.
Much needed policy change towards Mexico We’ve given them ample opportunity to work with us in trying to slow the fentanyl flow into the US Corruption has won to date I would also anticipate the US coming down hard on Mexico partnering up with China to allow Chinese goods to flow through Mexico into the US taking advantage of NAFTA thus avoiding current Biden/Trump tariffs on Chinese goods Our recent foreign policy as it relates to Mexico leaves a lot to be desired
Hard to get around corruption there. I imagine Mexico takes a cut, so it's like 1/2 a tariff. It's also like half the impact on inflation. The government doesn't get their cut though.