Trump Admin no longer forecasting 3% growth

[OscarLevant]

I have tax consultants addressing my positions. You blow yourself up as some tax lawyer, Christ many coming out of Harvard have no common sense to do anything right. Now you want to educate me. I don't think so.



As I suspected, I didn't learn a thing from you.



Nothing new



Do you not know that 40% of Americans pay NO federal taxes. Period. They have no skin in the game but that's OK the lower income earners should not have to pay taxes.



You say that, because you have no idea how the Tax Law works.



There you go, you have no ****ing idea how the Tax Law works. Where does the Tax Law allow the government to steal from the very poor, the poor, the middle class and give it to the rich. PLEASE show me where in our tax law allows our government steals from the very poor, the poor and the middle class. How much is the government stealing, from the poor and the middle class.

You claim to be this "know it all guy" so it should be real easy to prove you claims the Government is stealing from the poor and the middle class.

Under Trump we are seeing soaring deficits which ultimately lead to inflation and inflation because the rich can hedge they keep ahead of it and since the poor cannot this is where the transfer of wealth from the poor to the rich occurs, though it is indirect it is very real, over time.

 

[Born Free]

Under Trump we are seeing soaring deficits which ultimately lead to inflation and inflation because the rich can hedge they keep ahead of it and since the poor cannot this is where the transfer of wealth from the poor to the rich occurs, though it is indirect it is very real, over time.

Christ you want to talk about deficits, the guy you voted for twice borrowed 10 Trillion in just 8 yrs doubling the national debt. And all we got to show for it is "the worst economic recovery in US History."

 

[James972]

Kind of like when I heard Trump express Glee over the massive foreclosures of the housing crisis where he saw opportunity to profit from Human misery

doctors profit from human misery too. Should we hate them?

 

[James972]

Under Trump we are seeing soaring deficits which ultimately lead to inflation

How do budget deficits lead to inflation? Liberal making things up again??? What a surprise!!

 

[OscarLevant]

doctors profit from human misery too. Should we hate them?

There's a difference between serving mankind, and exploiting mankind. You are conflating the two, tsk tsk.

 

[OscarLevant]

Christ you want to talk about deficits, the guy you voted for twice borrowed 10 Trillion in just 8 yrs doubling the national debt. And all we got to show for it is "the worst economic recovery in US History."

That's what I call a cheap shot. Obama inherited an economy on the brink of collapse. Thee bailouts were expensive, but they prevented an economic collapse.

Don't Blame Obama For Doubling The Federal Deficit

Republicans use a sound bite that the federal debt doubled under Obama. In looking at the numbers that is close to being numerically correct but falls short of being 100%. However when you take into account the Great Recession, making W. Bush’s temporary tax cuts permanent, increased Social Security and Medicare spending as more Baby Boomers retire and become 65 years old and the Afghanistan and Iraq wars he inherited the story is quite different

So, in short, dems drove the country out of the ditch, a mighty one, at that, and now you are complaining that dems didn't drive the country out of the ditch fast enough, the very one your party drove us into in the first place?

Right.

 

[Conservative]

OscarLevant;1069995128]That's what I call a cheap shot. Obama inherited an economy on the brink of collapse. Thee bailouts were expensive, but they prevented an economic collapse.

That is a fabrication and complete lie, we came out of recession due to TARP and not due to anything Obama did as his Stimulus wasn't spent until AFTER the recession ended in June, Recovery.org

So, in short, dems drove the country out of the ditch, a mighty one, at that, and now you are complaining that dems didn't drive the country out of the ditch fast enough, the very one your party drove us into in the first place?

Right.

What you are showing is how easily it is to indoctrinate some people into buying rhetoric and ignoring results. That so called bringing us out of recession led to the worst recovery in U.S. History. Facts are foreign to people like you as you never explain how Obama did what you claim as his stimulus saw employment drop 4 million in 2009 and only recovered 1 million in 2010. Stop letting the left make a fool out of you

 

[Born Free]

That's what I call a cheap shot. Obama inherited an economy on the brink of collapse. Thee bailouts were expensive, but they prevented an economic collapse.

I know the Truth hurts. However Obama borrowed 10 Trillion in just 8 yrs doubling our national debt. Think about that, for Trump to top Obama, Trump would have to borrow 20 Trillion in his 8 yrs. Did you know that Obama lost 11.2 billion on GM that the taxpayer had to pay. He also gave Solyndra 535 million that we taxpayer lost every dime.

So, in short, dems drove the country out of the ditch, a mighty one, at that, and now you are complaining that dems didn't drive the country out of the ditch fast enough, the very one your party drove us into in the first place?

Yeah, and those Dems borrowed 10 trillion and all we got to show for it was "the worst recovery in US History. Christ my dog could do better than that.

 

[OscarLevant]

I know the Truth hurts. However Obama borrowed 10 Trillion in just 8 yrs doubling our national debt. Think about that, for Trump to top Obama, Trump would have to borrow 20 Trillion in his 8 yrs. Did you know that Obama lost 11.2 billion on GM that the taxpayer had to pay. He also gave Solyndra 535 million that we taxpayer lost every dime.



Yeah, and those Dems borrowed 10 trillion and all we got to show for it was "the worst recovery in US History. Christ my dog could do better than that.

If your dog is a republican I doubt it. The evidence shows that Republicans tend to crash the economy they've done it twice so far.

 

[OscarLevant]

That is a fabrication and complete lie, we came out of recession due to TARP and not due to anything Obama did as his Stimulus wasn't spent until AFTER the recession ended in June, Recovery.org






What you are showing is how easily it is to indoctrinate some people into buying rhetoric and ignoring results. That so called bringing us out of recession led to the worst recovery in U.S. History. Facts are foreign to people like you as you never explain how Obama did what you claim as his stimulus saw employment drop 4 million in 2009 and only recovered 1 million in 2010. Stop letting the left make a fool out of you

Of the two worst economic Fiascos in America Republicans were president.
The only time there was a budget surplus a Democrat was president.

 

[Conservative]

Of the two worst economic Fiascos in America Republicans were president.
The only time there was a budget surplus a Democrat was president.

Let me know how a President does that without the aid of Congress? Can the President pass legislation? Can the President appropriate money? Can a President make the laws? Interesting how civics apparently isn't taught in your state which is obvious from your posts. You keep claiming that Clinton created a surplus? How did he do that alone? did the REPUBLICAN CONGRESS GIVE HIM MORE OR LESS THAN HE ASKED FOR?

 

[Conservative]

If your dog is a republican I doubt it. The evidence shows that Republicans tend to crash the economy they've done it twice so far.

The evidence? What evidence? Post 236

 

[James972]

Of the two worst economic Fiascos in America Republicans were president.
.

1) Both Hoover and Bush were liberals
2) Long standing liberal policies (massive interference with free market) caused and prolonged Great Depression and recent housing crisis.

Do you understand now?

 

[James972]

The only time there was a budget surplus a Democrat was president.

and Newt had taken over the House for first time in 44 years, and forced Clinton to lie, "the era of big govt is over" Newt created the surplus, not a libsocialist like Clinton who is a natural spender. 1+1=2

 

[James972]

If your dog is a republican I doubt it. The evidence shows that Republicans tend to crash the economy they've done it twice so far.

Dear, nowadays Democrats are open socialists and socialism just starved 120 million to death. Do you know that when people are starving to death the economic is bad? Ever heard of Venezuela??

 

[James972]

So, in short, dems drove the country out of the ditch, a mighty one, at that, and now you are complaining that dems didn't drive the country out of the ditch fast enough, the very one your party drove us into in the first place?

Obama and FDR, two biggest liberals ever and 2 longest economic declines in American history. In both cases capitalism would have ended recession and depression in one year!

 

[Integrityrespec]

Their 2019 Economic Report of the President has scaled back its growth projection to below 3%. See page 527, “current-law baseline forecast is for output growth to moderate as the capital-to-output ratio asymptotically approaches a higher steady-state level in response to business tax reform, and as the near-term effects of the TCJA’s individual provisions on the rate of growth dissipate into a permanent level effect.” That blather means that the Trump tax cuts temporarily stimulated the economy by jacking up the deficit, but now that stimulative effect is wearing off, the growth level is expected to sink below 3% a year.

In other words, the "mediocre" economic growth that those with Trump Devotion Syndrome (TDS) have been telling us existed under Obama, is going to be the standard for the Trump Administration. Gone are the 4-6% growth projections previously boasted about.

To re-emphasize my point, the 2017 tax-cut gave the economy a temporary and slight jolt at a huge permanent cost to the Treasury.

Where does it say the economy will be at the low level it was under OBama.
Why don't you stop and ask these questions, "Where would the economy be if Trump had not had to put up with the constant attempts by democrats to discredit him, his administration and anything going on in the government." "What if they pitched in to try to make things better rather than concentrating only on how they were going to find a way to win the White House back?"

 

[James972]

There's a difference between serving mankind, and exploiting mankind. You are conflating the two, tsk tsk.

you don't want people to buy foreclosed homes? Just let them rot?? Please think before you post.

 

[OscarLevant]

Obama and FDR, two biggest liberals ever and 2 longest economic declines in American history. In both cases capitalism would have ended recession and depression in one year!

Well, we certainly know that capitalism, unfettered and left to it's own devices, caused it. Because this is true, the idea that that which caused it will somehow cure it, well, that isn't even logical.

 

[OscarLevant]

Dear, nowadays Democrats are open socialists and socialism just starved 120 million to death. Do you know that when people are starving to death the economic is bad? Ever heard of Venezuela??

You're barking up the wrong tree. "Socialism" is a word being tossed around with absolutely no real meaning, not like it used to.

Repubs have converted it into a thought-terminating cliché.

It all began when Bernie decided to call his brand of politics "socialism", when all he meant was a mixed economy similar to those of Europe and the Netherlands. We used to be called "social democrats". Not so sinister, that label, now is it? Bernie followers, not being totally up on how the right will weaponize the term, they starting accepting the label. Personally, I wish they hadn't. It's not correct. This is precisely why Harris, Pelosi, Biden ( and others) reject the moniker, What they ( dem socialists) are espousing is not actually socialism, nor are the Netherlands socialist. But they are to the left of Obama, and repubs were calling him a communist.

But, since there are totalitarian dictatorships calling their regimes "sociallism", NATURALLY repubs like you are going to shout "USSR" "Cuba", "Venezuela" ad nauseum. And, the sad truth is you do it, and you actually believe you put one over on us. And if that isn't insult to injury, you guys actually believe it. That's the laughable part.

The sad truth is that republicans, these days, do not have a clue about these things. They traffic in mediocrity; their brains are mere buckets of thought - terminating clichés. They occupy a lofty perch which exudes the stench of self-righteous indignation, as if God, himself, annointed them. They are a sickening lot, a veritable confederacy of dunces ( thank you, Mr. Toole), the kind of dunce who will, when facing such a character indictment as this is, they will nitpick about the fact that I didn't put a period after this sentence

This faulty logic is a trick (word manipulation) that simpletons can cling to, but more intelligent people will see right through the right wing fog machine.

If you believe a republican, dems are comrades in arms goosestepping to the USSR national anthem.

Thing is, if I believed half of what republicans say about democrats, I would still be one.

 

[OscarLevant]

Let me know how a President does that without the aid of Congress? Can the President pass legislation? Can the President appropriate money? Can a President make the laws? Interesting how civics apparently isn't taught in your state which is obvious from your posts. You keep claiming that Clinton created a surplus? How did he do that alone? did the REPUBLICAN CONGRESS GIVE HIM MORE OR LESS THAN HE ASKED FOR?

I realize you desperately need to puff yourself up by attempting to educate others on civics, not realizing, of course, that the immediate subject at hand is not really civics. Tsk tsk.


This is about ultimate responsibility.

The buck stops with the president, for he signs the bills, or not. The whole story about civics, how bills come to pass, etc., is really irrelevant to the point at hand.

When he signs it, he owns it. If it happens on his watch, he owns it, the good, the bad, he ugly.

Why? That's the game repubs are playing with Trump. Trump shouts about how "his" economy is doing. Repubs, despite tons of evidence he is a scumbag of the highest order, possibly ( and likely ) a criminal, try and redeem themselves by pointing to "his" economy. They mention NOTHING about civics, how the American economy arrived at where it is owing to more than one decade of effort by numerous people in congress and the senate, and prior presidents, none of that is atrributed, it's ALL TRUMP. That is what you repubs ahve been doing the last two years.

Oh, sure, dems could pick that apart, easily, but repubs will go right back to playing that particular game.

Therefore, you can't play that game and not let others play it, as well. What is that game? It's "ultimate responsibility".

You've been Trumped. I therefore stand by my original comment.

Sorry 'bout that.

 

[MTAtech]

Where does it say the economy will be at the low level it was under OBama.
Why don't you stop and ask these questions, "Where would the economy be if Trump had not had to put up with the constant attempts by democrats to discredit him, his administration and anything going on in the government." "What if they pitched in to try to make things better rather than concentrating only on how they were going to find a way to win the White House back?"

Your narrative is that somehow Democrats, who had no role in decisions until they won back the House and were sworn in in 2019, interfered with Trump's plans for the years before that. What specific initiatives were disrupted by Democrats? Although Trump said the opposite when he was running, Trump's actual policy agenda was committed to deeply unpopular policies. By large margins, the American public believes that corporations and the wealthy don’t pay their fair share in taxes. By even larger margins, the public opposes cuts to safety-net programs like Medicaid. Yet as far as I can tell, every G.O.P. budget proposal over the past decade has combined big tax cuts for the rich with savage cuts in Medicaid. Trump's policy agenda conforms to the G.O.P. agenda 100%.

Should Democrats have "pitched in" and helped him repeal Obamacare? Absolutely not. The voters want and need Obamacare.
Should Democrats have ""pitched in" and helped Trump pass his widely unpopular tax cut for the rich and corporations? Of course not. Those bills were passed because rich Republican donors demanded them.
Should Democrats have ""pitched in" and helped Trump wage trade wars that have hurt businesses and farmers? No.
Democrats have been waiting for over two years for Trump's infrastructure proposal, to rebuild America's bridges and roads. Dems haven't been holding it up.
Trump's policy agenda is 100% opposite that of Democrats. Trump caters to the rich and powerful and wants to strip Americans of health care protections. He also wants lower taxes on the rich and to pay for those cuts with cuts to the middle class and poor. There is no middle ground here.

The point is, your narrative that independent investigations hampered Trump is nonsense. If that a-hole merely put down his phone and stopped tweeting he'd have more time to actually work. I wish Democrats DID interfere with Trump. He's packed the courts with right-wing judges that aren't administering the law but an ideological agenda instead.

 

[Conservative]

I realize you desperately need to puff yourself up by attempting to educate others on civics, not realizing, of course, that the immediate subject at hand is not really civics. Tsk tsk.


This is about ultimate responsibility.

The buck stops with the president, for he signs the bills, or not. The whole story about civics, how bills come to pass, etc., is really irrelevant to the point at hand.

When he signs it, he owns it. If it happens on his watch, he owns it, the good, the bad, he ugly.

Why? That's the game repubs are playing with Trump. Trump shouts about how "his" economy is doing. Repubs, despite tons of evidence he is a scumbag of the highest order, possibly ( and likely ) a criminal, try and redeem themselves by pointing to "his" economy. They mention NOTHING about civics, how the American economy arrived at where it is owing to more than one decade of effort by numerous people in congress and the senate, and prior presidents, none of that is atrributed, it's ALL TRUMP. That is what you repubs ahve been doing the last two years.

Oh, sure, dems could pick that apart, easily, but repubs will go right back to playing that particular game.

Therefore, you can't play that game and not let others play it, as well. What is that game? It's "ultimate responsibility".

You've been Trumped. I therefore stand by my original comment.

Sorry 'bout that.

Where have I ever not assigned blame to the President for signing legislation? The issue is WHAT LEGISLATION did he have to sign. You want to blame him for a so called economic collapse based up zero action by Congress. Why does your comments only relate to a Republican President?

What does being a scumbag have to do with the performance generated? You already stated he was responsible for the legislation signed which would be the Tax cuts as well as the EO's he implemented. Your original argument is blaming Trump and ignoring what Trump truly inherited just like you are ignoring what Obama inherited and when the results started turning around

Don't believe I have been trumped because your posts vindicates me with regards to results and responsibilities. Obama is responsible for everything that happened from January 21, 2009 until the end of his term in January 2017. Same with Trump with both being 1/3 of the gov't

 

[Conservative]

Your narrative is that somehow Democrats, who had no role in decisions until they won back the House and were sworn in in 2019, interfered with Trump's plans for the years before that. What specific initiatives were disrupted by Democrats? Although Trump said the opposite when he was running, Trump's actual policy agenda was committed to deeply unpopular policies. By large margins, the American public believes that corporations and the wealthy don’t pay their fair share in taxes. By even larger margins, the public opposes cuts to safety-net programs like Medicaid. Yet as far as I can tell, every G.O.P. budget proposal over the past decade has combined big tax cuts for the rich with savage cuts in Medicaid. Trump's policy agenda conforms to the G.O.P. agenda 100%.

Should Democrats have "pitched in" and helped him repeal Obamacare? Absolutely not. The voters want and need Obamacare.
Should Democrats have ""pitched in" and helped Trump pass his widely unpopular tax cut for the rich and corporations? Of course not. Those bills were passed because rich Republican donors demanded them.
Should Democrats have ""pitched in" and helped Trump wage trade wars that have hurt businesses and farmers? No.
Democrats have been waiting for over two years for Trump's infrastructure proposal, to rebuild America's bridges and roads. Dems haven't been holding it up.
Trump's policy agenda is 100% opposite that of Democrats. Trump caters to the rich and powerful and wants to strip Americans of health care protections. He also wants lower taxes on the rich and to pay for those cuts with cuts to the middle class and poor. There is no middle ground here.

The point is, your narrative that independent investigations hampered Trump is nonsense. If that a-hole merely put down his phone and stopped tweeting he'd have more time to actually work. I wish Democrats DID interfere with Trump. He's packed the courts with right-wing judges that aren't administering the law but an ideological agenda instead.

I have posted the results since Trump took office, results you continue to ignore or want to credit Obama for. No President in modern history has had the economic results in his first two years in office better than Trump. The fact that he is no longer predicting a 3% GDP Growth ignores the magnitude of what 3% would be on the current 21 trillion dollar economy. % change is trumped by dollars generated and always will be especially at this level. Do you deny that Obama left Trump with 1.6% GDP Growth, 152 million employed, 5.7 million part time for economic reasons, and 9.3 trillion added to the debt?

Do you deny that Obama inherited a Democratic Congress, TARP, had no budget approved by Congress until he signed it in March 2009, and had his stimulus signed in February 2009? Do you deny that there were 146 million employed with 4.8 million part time for economic reason when the recession began with a Democratic Congress?

Do you deny that Obama had the worst recovery from a major recession in U.S. history? Be honest for a change

 

[OscarLevant]

Where have I ever not assigned blame to the President for signing legislation? The issue is WHAT LEGISLATION did he have to sign. You want to blame him for a so called economic collapse based up zero action by Congress. Why does your comments only relate to a Republican President?

What does being a scumbag have to do with the performance generated? You already stated he was responsible for the legislation signed which would be the Tax cuts as well as the EO's he implemented. Your original argument is blaming Trump and ignoring what Trump truly inherited just like you are ignoring what Obama inherited and when the results started turning around

Don't believe I have been trumped because your posts vindicates me with regards to results and responsibilities. Obama is responsible for everything that happened from January 21, 2009 until the end of his term in January 2017. Same with Trump with both being 1/3 of the gov't

All comments about trump, there is only one relevant answer, this:




You've been trumped !