But debt is good, right?... It must be coming from the guy whose province has amassed the single largest amount of sub-soverign debt on the planet
Trump adds $1 TRILLION in DEBT (with pitifully insignificant economic growth)
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But debt is good, right?... It must be coming from the guy whose province has amassed the single largest amount of sub-soverign debt on the planet
I would have been encouraged if Trump had at least kept the top income tax rate the same (39.6%) or had raised it to 40% as a symbolic nod to progressive and equitable taxation. The Carried Forward Interest Provision remains which taxes profits for hedge fund managers at a fraction of that of honest labour. Progressive tax regimes on Capital Gains and estates are required. This bill is stop gap. Fundamental reform on taxes is needed and this bill just re-sorts the deck chairs on the Titanic.
There were many things that could have been done to bolster the Middle Class and little beyond a nod and wink to wealthy tax havens was provided. There is nothing in this tax bill the forces corporations to invest in industrial enterprise. The lowering of corporate taxes should have been tied to investment credits. You can look at the history of the last 40 years and realize one thing, corporations are utterly amoral, greed besotted, unpatriotic and have to have a conscience leglislated on to them.
After ditching the TPP and promising to renegotiate NAFTA Trump has done very little to constructively promote an economic nationalism rooted in an integrated industrial economy. There has been no concerted attempt to introduce a tariff regime that would reestablish primary resource manufacturing like steel or other metals in country. Investment in infrastructure seems to have been downgraded to an afterthought after tax reform and North Korea.
The Big Investment Banks are still running around as global parasites, too big to fail, and sucking the lifeblood out of the productive economy. They are increasingly supranational cartels to which nations are subordinate and submissive. They need to broken up. The Glass Steagall Act, separating investment and consumer banking, needs to be reestablished. Monetarism itself, free trade in currency and credit, needs to be rescinded and replaced with international agreements like Bretton Woods (revoked by Nixon) stabilizing currencies and ensuring national sovereignty of currencies.
The Stock Market rise has little to do with Trump. It's a classic bubble that now represents historic highs in comparison to the physical product that it lays claim to. Any attempt to assert that claim would wash away the world's financial system. It is also laden with debt. It's unsustainable and Trump has to hope that the reckoning will not come in his tenure. There is a sea of money and financial instruments that is far outpacing in growth the product it can buy.
The Deficit is really only a problem if you are doing all of your borrowing outside the country, in places like China, in a revolving machine that needs to continually soak up bond redemptions with new issues. That is a Ponzi Scheme, and it will collapse.
Trump is not an economist or a visionary. He is a promoter. He has keen instincts about public moods and tastes. He reacts quickly and aggressively to opportunities, but you are going to get nothing like a comprehensive plan from him. He'll have to hire that and Steve Mnuchin (Treasury Sec.) does not have intellect, insight or balls for that. I have Not lost confidence, yet, that Trump is an honest broker and authentically interested in making American Great Again.
I would have to say in economic terms his first year has been a disappointment. It has done little to address an impending crisis and an unsustainable economic paradigm.
There were many things that could have been done to bolster the Middle Class and little beyond a nod and wink to wealthy tax havens was provided. There is nothing in this tax bill the forces corporations to invest in industrial enterprise. The lowering of corporate taxes should have been tied to investment credits. You can look at the history of the last 40 years and realize one thing, corporations are utterly amoral, greed besotted, unpatriotic and have to have a conscience leglislated on to them.
After ditching the TPP and promising to renegotiate NAFTA Trump has done very little to constructively promote an economic nationalism rooted in an integrated industrial economy. There has been no concerted attempt to introduce a tariff regime that would reestablish primary resource manufacturing like steel or other metals in country. Investment in infrastructure seems to have been downgraded to an afterthought after tax reform and North Korea.
The Big Investment Banks are still running around as global parasites, too big to fail, and sucking the lifeblood out of the productive economy. They are increasingly supranational cartels to which nations are subordinate and submissive. They need to broken up. The Glass Steagall Act, separating investment and consumer banking, needs to be reestablished. Monetarism itself, free trade in currency and credit, needs to be rescinded and replaced with international agreements like Bretton Woods (revoked by Nixon) stabilizing currencies and ensuring national sovereignty of currencies.
The Stock Market rise has little to do with Trump. It's a classic bubble that now represents historic highs in comparison to the physical product that it lays claim to. Any attempt to assert that claim would wash away the world's financial system. It is also laden with debt. It's unsustainable and Trump has to hope that the reckoning will not come in his tenure. There is a sea of money and financial instruments that is far outpacing in growth the product it can buy.
The Deficit is really only a problem if you are doing all of your borrowing outside the country, in places like China, in a revolving machine that needs to continually soak up bond redemptions with new issues. That is a Ponzi Scheme, and it will collapse.
Trump is not an economist or a visionary. He is a promoter. He has keen instincts about public moods and tastes. He reacts quickly and aggressively to opportunities, but you are going to get nothing like a comprehensive plan from him. He'll have to hire that and Steve Mnuchin (Treasury Sec.) does not have intellect, insight or balls for that. I have Not lost confidence, yet, that Trump is an honest broker and authentically interested in making American Great Again.
I would have to say in economic terms his first year has been a disappointment. It has done little to address an impending crisis and an unsustainable economic paradigm.
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Tax Reform Has Passed the House
https://townhall.com/tipsheet/cortneyobrien/2017/12/19/tax-reform-vote-n2424634
MAGA
https://townhall.com/tipsheet/cortneyobrien/2017/12/19/tax-reform-vote-n2424634
MAGA
Oh, you think that means I'm American.
No wonder you don't know what a fukken subsidy is.
Your comrades?
com·rade
ˈkämˌrad,ˈkämrəd/Submit
noun
noun: comrade; plural noun: comrades
a companion who shares one's activities or is a fellow member of an organization.
synonyms: companion, friend; More
colleague, associate, partner, coworker, workmate;
informalpal, crony, mate, chum, buddy, dawg;
informalpeeps
"we became comrades back in 1943, working in a field hospital in the Philippines"
a fellow soldier or member of the armed services.
noun: comrade-in-arms
a fellow socialist or communist (often as a form of address).
com·rade
ˈkämˌrad,ˈkämrəd/Submit
noun
noun: comrade; plural noun: comrades
a companion who shares one's activities or is a fellow member of an organization.
synonyms: companion, friend; More
colleague, associate, partner, coworker, workmate;
informalpal, crony, mate, chum, buddy, dawg;
informalpeeps
"we became comrades back in 1943, working in a field hospital in the Philippines"
a fellow soldier or member of the armed services.
noun: comrade-in-arms
a fellow socialist or communist (often as a form of address).
Yes, thanks for proving why you can use the word as I did in common parlance.
Now stop being such a Nazi you beet slurping crank.
Now stop being such a Nazi you beet slurping crank.
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Would somebody get MF a blanket?
it looks cold sleeping on the cold hard floor...again and again
and again...and again
The Dow just set a record for setting records
2017 has been a year of records on Wall Street, and the latest to fall under the unceasing bull market has stood for more than 20 years.
https://www.marketwatch.com/story/the-dow-is-about-to-set-a-record-for-setting-records-2017-12-18
it looks cold sleeping on the cold hard floor...again and again
and again...and again
The Dow just set a record for setting records
2017 has been a year of records on Wall Street, and the latest to fall under the unceasing bull market has stood for more than 20 years.
https://www.marketwatch.com/story/the-dow-is-about-to-set-a-record-for-setting-records-2017-12-18
My brother still entertains hope that Trump will dance to his own tunes as well. I maintain that hope has little sway in the face of Trumps odious confederates. They won't make it great while they empty it will they? I think those same confederates have the proverbial book on Mr Trump, as is common with the peoples choices these days,and he will do nothing to displease them.
Well you have the bad soros on one hand and the bad netanyahoo on the other
( The same old same old type kazarian mafia dodge that's run the U$ since 1913)
so no, Trump is NOT his own man.
But if certain truths about how things REALLY work were to become apparent to the American people...like certain trump haters have lately done to themselves...who knows?
( The same old same old type kazarian mafia dodge that's run the U$ since 1913)
so no, Trump is NOT his own man.
But if certain truths about how things REALLY work were to become apparent to the American people...like certain trump haters have lately done to themselves...who knows?
