6 months in, GOP tax bill an utter flop

[The Derp]

It really is sad to see someone with such hatred for the President of the United States simply because of pure ignorance of the role of the Federal Govt. and based upon what he says, not what he has done. Only in this country could you get away that that leftwing bull****

I don't hate the United States; I hate Conservatives who use it as their personal piggy bank.

And I also like how you couldn't speak to a single thing I said about it.

You're a joke.

 

[The Derp]

Yes, they did and that is when the economy boomed but your lack of understanding of what caused the bubble is staggering

We know what caused the subprime bubble; the dramatic weakening of underwriting standards for subprime loans beginning in 2004 and extending through 2007. We know this because both the Federal Reserve Board of Governors and the Bush Working Group on Financial Markets said so.

You don't seem capable of acknowledging that because you've tied so much of what you believe and say here to these ridiculous thoughts of yours. And that's because you absolutely do not want to accept responsibility for the fact that you don't know what the hell you're talking about.

 

[The Derp]

not going to rehash threads that actually discussed the bubble because you are too full of hate to understand it. Stick to the thread topic and tell me how people keeping more of what they earn is a flop?

Look at this Conservative baby run away from a debate he knows he'll lose.

Nothing in what you posted contradicts the truth that the subprime bubble started in 2004, and it started because you people deliberately dramatically reduced lending standards because you wanted to give the impression the economy was growing because of your tax cuts, when it was really growing as a result of debt.

That's why personal debt skyrocketed during Bush, that's why Mortgage Equity Withdrawals made up the bulk of GDP growth, and that's why a credit bubble formed. Rather than increase wages all you did was cut taxes to marginally increase after-tax income, and make credit more available.

 

[The Derp]

Stick to the thread topic and tell me how people keeping more of what they earn is a flop

Because they're not keeping more of what they earned; thanks to your stupid tax cut, health care costs and inflation rose at faster rates than any nominal increase to after-tax pay that the tax cut provided.

This is the weakest, most pathetic and emotional argument any lazy Conservative has ever made.

You don't get to keep more of what you earned if you have to pay more for health care, and if inflation kicks in, thanks to the tax cut.

You keep less.

 

[The Derp]

Have you been taught in school how to research and verify what you are being told? try Treasury.org, BEA.gov, and BLS.gov. Educate yourself because your school isn't doing it, your school is indoctrinating you

Such arrogance.

You haven't been correct about anything you've said here. Rather than debate the merits of this tax cut you support, you make a highly emotional and nonsensical argument that isn't even true. People aren't keeping more of what they earned thanks to this tax cut; they're keeping less because they have to spend more on health care (again, thanks entirely, 100% to the tax cut) and inflation eats up the rest.

Wages for 80% of workers have net declined over the past year. That wasn't supposed to happen, especially after you cut taxes. You all promised that the opposite would be the case; like everything else, you were wrong.

 

[The Derp]

That is your opinion

It's not my opinion that Bush tanked the economy; that actually happened. We all saw it. Maybe you don't remember it because you got struck with a curious case of amnesia that probably came from the brain damage you got from stapling teabags to your forehead. So you plunged a couple staples right into your medulla oblongata. Maybe that's why you don't remember supporting all the policies that produced the debt you wanted people to think you cared about, when we both know you didn't and were just posturing because that's what Conservatives do; posture.

It's not gonna happen this time with Trump. We're not going to let you get away with that reinvention.

the economic results don't show that, Please post the economic results that Obama that were better than Bush but then again that is off topic because you have no argument for tax cuts being a flop. Job Creation, economic growth don't support your rhetoric

LOL!

You only say that because they prove that Obama was better than Bush!

Obama and Bush produced the same overall average GDP growth: 1.76%
However, Obama created 11 million net private sector jobs; Bush lost net 460,000
Obama also grew the market by 2.5x from where he inherited it; Bush left office with the Dow lower than what he inherited.

So that's two points right away that makes Obama better than Bush.

Let's also not forget that Bush erased a surplus and produced 4 record deficits in 8 years; Obama cut the deficit by 2/3.

 

[The Derp]

Awesome, so the worst recovery in history never happened?

The recovery could have been better but Conservatives decided to forfeit their duties to govern and make obstruction their primary goal. So you caused the worst economic collapse since the Great Depression, and then complained and cried crocodile tears about how bad recovering the economy was from that collapse you caused?

This is why you're not going to be allowed to rebrand yourself once Trump is gone.

 

[The Derp]

Amazing how smart and efficient the Democratic Congress was to allow that to happen and how the Obama stimulus was signed almost day 1, there was no Bush budget for 2009 and yet employment went from 142 million to 138 million and GDP for 2009 was MINUS 2.7%. Thank you Obama for giving us Trump

Not sure why you're screeching about overall employment when Bush lost net private sector jobs after 8 years. There were fewer people employed in the private sector when Bush left office, than when he took office. 460,000 less. Obama had net gain of 11,000,000 private sector jobs after 8 years.

So which is better?

11,000,000 or -460,000?

I'll wait for your answer.

And yeah, GDP was negative for 2009 because of the recession your policies caused.

 

[The Derp]

Then post the data to support your claims?

I'm not feeding sea lions.

Do a Google search if you want this info; the Chicago Tribune and NY Magazine both ran articles about it.

 

[The Derp]

Let me know when it reaches the four years of trillion dollar deficits under Obama?

Well, we're only truly in year 1 since Obama's FY ended in Sept. 2017. And already in year 1, we're at $1T.

That's entirely, 100% because of your tax cuts.

 

[The Derp]

Congratulations, leading the nation in poverty, having the worst quality of life, more homeless and among the highest cost of living is quite an accomplishment with such incredible economic policies and successes. I know the homeless appreciate those results

CA has the highest quality of life, and people in poverty in CA have better benefits to maintain a higher quality of life.

No one is pulling up stakes and moving to Wyoming.

 

[The Derp]

LOL, yep forward planners of business took no notice of Trump's rhetoric and the reduction of EPA and taxes through EO's

LOL!

Since the start of the year, the DJIA is down 1.8%

Q1 2018 growth was down 0.9% from Q4 2017.

Wages for 80% of workers have net declined from May 2017 - May 2018, which includes 5 months of the tax cut that was promised to increase wages.

4 million people lost health insurance

Gas prices are skyrocketing again

Interest rates are up.

Inflation is up.

Insurance Premiums will skyrocket this fall because of the tax cut, according to insurance companies

#winning by #losing

 

[The Derp]

Too bad you don't get out more and see what is happening in your state but the elite family you probably came from has blinded you to reality. The economic numbers, poverty, homeless, quality of life, and cost of living aren't issues you want to discuss nor to you want to explain how the GOP tax bill is a flop based upon the economic results being generated

There are no economic results to support the tax cut. Since the tax cut started:

• The DJIA is down 1.8%
• Wages have declined for 80% of workers, thanks to inflation
• GDP growth for Q1 2018 was down 0.9% from Q4 2017
• 4 million people lost health insurance
• Companies are relocating operations and jobs overseas
• The deficit is back to $1T
• Inflation rose faster than wages, and interest rates are up
• only 1,044,000 jobs have been created in the first five months of the year, the slowest pace since 2010 and 2017.

So where's the good economic news? Because all I see is trash.

 

[The Derp]

So people keeping more of what they earn really bothers you why? How about posting Treasury data showing revenue dropping because of tax cuts?

They're not keeping more of what they earned; inflation and rising health care costs are greater than the amount they got in after-tax income. Wages have declined for 80% of workers May 2017 - May 2018, and that includes 5 months of a tax cut that we were promised by y'all would d the opposite.

I never said revenue was dropping; what I said was that the deficit has increased. We won't know the true deficit until after the end of the FY this fall, right in time for the midterms and for Republicans to get hammered on it. So you're trying to make this a semantic game about gross numbers in a vacuum, and that is meant to paper over the poor economic news that has plagued us the first half of the year.

They just said today that the stock market has had its worst first 6 months of the year since 2010.

That's all within your tax cuts.

So your tax cuts caused the worst performing market in 8 years.

Congratulations.

 

[The Derp]

Really? Prove it with data? Post the Treasury data showing Tax revenue dropping AFTER tax cuts and stop using inflation adjusted numbers

I'm not feeding a sea-lion.

You want to know how tax cuts reduce revenues, just look at the Treasury data from 2001-2004 in current dollars and 2001-2005 in 2009 Constant dollars that shows revenue below 2000 levels.

Or you can just look at Kansas, because the same thing happened there.

 

[The Derp]

Thank you for your predictions, you are a legend in your own mind. Where did the 3.4 million new taxpayers come from in 1 year four months?

From Millennials entering the workforce.

That had nothing to do with your tax cuts.

What's hilarious is that 2017 saw the fewest jobs created since 2010.

We're currently on pace for the slowest job growth since 2017, which was the slowest job growth since 2010.

 

[The Derp]

No it didn't it started in 1999

Not at all. The number of subprime loans issued in 1999-2003 was the same as it was in 1993 - about 110,000.

In 2004, the number of subprime loans issued was 266,000.

That's your bubble.

 

[cuban smokes]

They're not keeping more of what they earned; inflation and rising health care costs are greater than the amount they got in after-tax income. Wages have declined for 80% of workers May 2017 - May 2018, and that includes 5 months of a tax cut that we were promised by y'all would d the opposite.

I never said revenue was dropping; what I said was that the deficit has increased. We won't know the true deficit until after the end of the FY this fall, right in time for the midterms and for Republicans to get hammered on it. So you're trying to make this a semantic game about gross numbers in a vacuum, and that is meant to paper over the poor economic news that has plagued us the first half of the year.

They just said today that the stock market has had its worst first 6 months of the year since 2010.

That's all within your tax cuts.

So your tax cuts caused the worst performing market in 8 years.

Congratulations.

you see tho' .............. the TrumpFaithful need to have a merry-go-round playing in their heads to have it all seem 'right' to them.

once their minds (they really have those) have been spun around a few times they get really dizzy & believe whatever they hear from their savior, even the lies (well, it's all lies)

 

[Conservative]

Not at all. The number of subprime loans issued in 1999-2003 was the same as it was in 1993 - about 110,000.

In 2004, the number of subprime loans issued was 266,000.

That's your bubble.

this isn't the thread for the sub prime crisis which has been over since TARP in 2008. stop divertind

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[Conservative]

From Millennials entering the workforce.

That had nothing to do with your tax cuts.

What's hilarious is that 2017 saw the fewest jobs created since 2010.

We're currently on pace for the slowest job growth since 2017, which was the slowest job growth since 2010.

employment at record high, u6 at pre recession low, you lose

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[Conservative]

I'm not feeding a sea-lion.

You want to know how tax cuts reduce revenues, just look at the Treasury data from 2001-2004 in current dollars and 2001-2005 in 2009 Constant dollars that shows revenue below 2000 levels.

Or you can just look at Kansas, because the same thing happened there.

you don't want a tax cut send it back

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[Conservative]

There are no economic results to support the tax cut. Since the tax cut started:

• The DJIA is down 1.8%
• Wages have declined for 80% of workers, thanks to inflation
• GDP growth for Q1 2018 was down 0.9% from Q4 2017
• 4 million people lost health insurance
• Companies are relocating operations and jobs overseas
• The deficit is back to $1T
• Inflation rose faster than wages, and interest rates are up
• only 1,044,000 jobs have been created in the first five months of the year, the slowest pace since 2010 and 2017.

So where's the good economic news? Because all I see is trash.

have the Democrats run on the slogan "I tried to keep those Republicans from allowing you to keep more of what you earn, vote for me"

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[Conservative]

I don't hate the United States; I hate Conservatives who use it as their personal piggy bank.

And I also like how you couldn't speak to a single thing I said about it.

You're a joke.

You also obviously hate personal responsibility, individual wealth creation, and are always looking for someone else to blame for your own personal failures

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[The Derp]

It really is a shame that someone has such hatred for 1/3 of the US govt. and totally ignores the results being generated all because of propaganda that didn't change one person's vote

What results?

Since the tax cut started:

• GDP slowed by 0.9%
• The market is down 1.8%
• 4 million people lost health insurance
• Premium increases will be the highest in years this fall, according to insurers
• The deficit is back to $1T
• 80% of workers saw a net pay decrease from May 2017 - May 2018
• Inflation is higher than wage growth
• Gas prices skyrocketing in part because of violating the Iran Nuclear Deal
• Interest rates are up
• Companies still outsourcing jobs
• On pace for the slowest job growth since 2017, which was the slowest job growth since 2010

None of that is good economic news.

 

[The Derp]

Your lack of education is showing as is your very poor understanding of data

Dunning-Kruger.

when you have basically full employment how are you going to create as many jobs as previous?

So you're saying that Trump should not be dinged on slow job growth because Obama did such a wonderful job getting people to work.

LOL! What a fool. Thanks for making the argument that Obama is who we should thank for the tightening of the labor market.

Trump created the fewest jobs in 2017 since 2010. You're saying that's because we were at or near full employment. So who got us there? BARACK OBAMA DID.