Author Topic: Trumpís Economy (merged)  (Read 34952 times)

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Re: Trumpís Economy (merged)
« Reply #480 on: September 14, 2018, 10:06:13 AM »

Offline Pucaccia

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The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in nearly 49 years and pointing to robust labor market conditions.

USA keeps winning!


https://www.cnbc.com/2018/09/13/us-weekly-jobless-claims-sept-8-2018.html

Re: Trumpís Economy (merged)
« Reply #481 on: September 14, 2018, 11:38:40 AM »

Online Moranis

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Quote
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

http://thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b

As always, spending is the problem, not revenue.
Guess that means we can rest assured Trump will stop pursuing his wall since we clearly can't afford it -- right? 🤑

Like anything else, there are choices to be made.  The military budget needs to be trimmed.  Thereís a ton of waste and inefficient spending across all agencies.  We spend a lot of money on silly grants. Long-term, we could save huge sums by looking at alternative sentencing options for non-violent offenders.

Among the many budget options, the wall doesnít bother me.
What drives me crazy is a lot of people vote Republican because they are supposedly the party of fiscal responsibility, yet the last two Republican presidents increased the deficit.

In terms of types of republican's I respect the most, fiscally conservative ones are at the top of the list. But it seems like those Republicans are still voting for fiscally irresponsible elected officials.

It is definitely an example of a lot of people voting for the party over the actual policy (democrats are often just as guilty of this)
Before the 4 year run beginning at the end of Clinton's time, the last time the US had a surplus was 1969.  Prior to that it was 1960.  Running on a deficit is not a Republican thing.

Re: Trumpís Economy (merged)
« Reply #482 on: September 14, 2018, 11:55:01 AM »

Offline hpantazo

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Quote
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

http://thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b

As always, spending is the problem, not revenue.
Guess that means we can rest assured Trump will stop pursuing his wall since we clearly can't afford it -- right? 🤑

Like anything else, there are choices to be made.  The military budget needs to be trimmed.  Thereís a ton of waste and inefficient spending across all agencies.  We spend a lot of money on silly grants. Long-term, we could save huge sums by looking at alternative sentencing options for non-violent offenders.

Among the many budget options, the wall doesnít bother me.
What drives me crazy is a lot of people vote Republican because they are supposedly the party of fiscal responsibility, yet the last two Republican presidents increased the deficit.

In terms of types of republican's I respect the most, fiscally conservative ones are at the top of the list. But it seems like those Republicans are still voting for fiscally irresponsible elected officials.

It is definitely an example of a lot of people voting for the party over the actual policy (democrats are often just as guilty of this)
Before the 4 year run beginning at the end of Clinton's time, the last time the US had a surplus was 1969.  Prior to that it was 1960.  Running on a deficit is not a Republican thing.


Yeah, itís the American way. Thatís why most voters never blinked when they saw that Trump went bankrupt several times. They can relate.

Re: Trumpís Economy (merged)
« Reply #483 on: September 15, 2018, 09:08:12 AM »

Offline Roy H.

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Quote
WASHINGTON, Sept 13 (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in nearly 49 years and pointing to robust labor market conditions.

Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended Sept. 8, the lowest level since December 1969, the Labor Department said on Thursday.


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Re: Trumpís Economy (merged)
« Reply #484 on: September 17, 2018, 04:11:35 PM »

Offline Vermont Green

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I don't know who David Tepper is or anything about Appalossa Management but I could not agree more with his assessment.  How is this not so fundamentally obvious?  Trump and the republicans are stealing from the future to help get through midterms.

We will have to have some payback at some point....   yeah think?

https://www.cnbc.com/2018/09/13/tepper-says-tax-cuts-were-too-steep-and-likely-borrowed-economic-growth-from-the-future.html?recirc=taboolainternal
Quote
Appaloosa Management's David Tepper said tax cuts were too steep and likely borrowed economic growth from the future.

"Some of the tax things were good, and some were not so good," Tepper said on CNBC's "Halftime Report" on Thursday, arguing the tax cuts were "too much" at a time of growth.

The Republican-majority Congress and President Donald Trump pushed through big corporate tax cuts last year that will add a projected $1.5 trillion to the federal deficit. And Congress is now taking up the possibility of more tax cuts, which could add another $627 billion, according to the Joint Committee on Taxation.

In the CNBC interview, Tepper said this could have consequences down the road. "I don't think we needed to do the tax cuts" as much, he said. "Are we borrowing economic growth now from what we could see in the future? I do believe some of that's happening right now with these tax cuts."

He added, "We'll probably have to have some payback at some point."

Re: Trumpís Economy (merged)
« Reply #485 on: September 19, 2018, 10:59:00 PM »

Offline Cman

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I don't know who David Tepper is or anything about Appalossa Management but I could not agree more with his assessment.  How is this not so fundamentally obvious?  Trump and the republicans are stealing from the future to help get through midterms.

We will have to have some payback at some point....   yeah think?

https://www.cnbc.com/2018/09/13/tepper-says-tax-cuts-were-too-steep-and-likely-borrowed-economic-growth-from-the-future.html?recirc=taboolainternal
Quote
Appaloosa Management's David Tepper said tax cuts were too steep and likely borrowed economic growth from the future.

"Some of the tax things were good, and some were not so good," Tepper said on CNBC's "Halftime Report" on Thursday, arguing the tax cuts were "too much" at a time of growth.

The Republican-majority Congress and President Donald Trump pushed through big corporate tax cuts last year that will add a projected $1.5 trillion to the federal deficit. And Congress is now taking up the possibility of more tax cuts, which could add another $627 billion, according to the Joint Committee on Taxation.

In the CNBC interview, Tepper said this could have consequences down the road. "I don't think we needed to do the tax cuts" as much, he said. "Are we borrowing economic growth now from what we could see in the future? I do believe some of that's happening right now with these tax cuts."

He added, "We'll probably have to have some payback at some point."

Tepper is one of the most successful hedge fund managers. Ever. Like top 0.01%.
Celtics fan for life.

Re: Trumpís Economy (merged)
« Reply #486 on: September 19, 2018, 11:00:46 PM »

Offline Cman

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Alibaba's Jack Ma on the trade war between US and China:

Quote
At an Alibaba investor conference on Tuesday Ma called the trade frictions a "mess" that could have decades-long ramifications.

As a result, he's saying he no longer is working to create the 1 million jobs in the US that he annouced with Donald Trump in 2017.

http://www.msn.com/en-us/money/companies/jack-ma-alibaba-is-no-longer-planning-to-create-1-million-us-jobs/ar-BBNzkLA?li=BBnbfcL&ocid=SL5IDHP

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Re: Trumpís Economy (merged)
« Reply #487 on: September 24, 2018, 07:00:48 PM »

Offline Pucaccia

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Trump reaches new free trade agreement with South Korea.
Deal will cut the trade deficit between US and S.K.

U.S. automobiles, pharmaceuticals and agricultural products will gain better access to Korean markets.

https://www.cnbc.com/2018/09/24/trump-signs-revised-trade-deal-with-south-korea.html

Re: Trumpís Economy (merged)
« Reply #488 on: September 28, 2018, 08:50:49 AM »

Online Moranis

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Trade gap widens to a near record high as US exports are being crippled by the tariff war

https://www.crainscleveland.com/government/analysis-tariffs-start-drag-us-economy-trade-deficit-widens


Re: Trumpís Economy (merged)
« Reply #489 on: October 01, 2018, 09:28:51 AM »

Offline Cman

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Congrats to Trump and his team for negotiating USMCA (an updated form of NAFTA). Negotiating multi-lateral trade deals is really really tricky. This was a campaign promise of his, and he kept it, so kudos to him.

There will be winners and losers from it in the US. It will be interesting to see which industries/geographies these are.

Also, it will be interesting to compare how similar/different the terms are, compared to what would have been implemented via the Trans Pacific Partnership (TPP) anyway.
Celtics fan for life.

Re: Trumpís Economy (merged)
« Reply #490 on: October 01, 2018, 10:23:30 AM »

Offline Roy H.

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Congrats to Trump and his team for negotiating USMCA (an updated form of NAFTA). Negotiating multi-lateral trade deals is really really tricky. This was a campaign promise of his, and he kept it, so kudos to him.

There will be winners and losers from it in the US. It will be interesting to see which industries/geographies these are.

Also, it will be interesting to compare how similar/different the terms are, compared to what would have been implemented via the Trans Pacific Partnership (TPP) anyway.

Getting some concessions from Canadian dairy is a nice win. Time will tell if the deal was worth it.


Once a CrotoNat, always a CrotoNat.  CelticsBlog Draft Champions, 2009 & 2012;
DKC Draft 2015 Champions and beyond...

Re: Trumpís Economy (merged)
« Reply #491 on: October 01, 2018, 10:47:54 AM »

Offline Pucaccia

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Congrats to Trump and his team for negotiating USMCA (an updated form of NAFTA). Negotiating multi-lateral trade deals is really really tricky. This was a campaign promise of his, and he kept it, so kudos to him.

There will be winners and losers from it in the US. It will be interesting to see which industries/geographies these are.

Also, it will be interesting to compare how similar/different the terms are, compared to what would have been implemented via the Trans Pacific Partnership (TPP) anyway.
You have to admit, Trump played them pretty good with deadlines and take aways.  Now we can get on with winning some more.  Trump keeps his promises.

Re: Trumpís Economy (merged)
« Reply #492 on: October 01, 2018, 10:53:31 AM »

Offline indeedproceed

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Congrats to Trump and his team for negotiating USMCA (an updated form of NAFTA). Negotiating multi-lateral trade deals is really really tricky. This was a campaign promise of his, and he kept it, so kudos to him.

There will be winners and losers from it in the US. It will be interesting to see which industries/geographies these are.

Also, it will be interesting to compare how similar/different the terms are, compared to what would have been implemented via the Trans Pacific Partnership (TPP) anyway.
You have to admit, Trump played them pretty good with deadlines and take aways.  Now we can get on with winning some more.  Trump keeps his promises.

I live on the Canadian border, and do business with a fair amount of Canadians. Maybe the deal works out for the rest of the country but the way he went about it absolutely hurt border relations. I hope our bond is strong enough to recover in short order but I don't much care for his negotiating style.

"You've gotta respect a 15-percent 3-point shooter. A guy
like that is always lethal." - Evan 'The God' Turner

Re: Trumpís Economy (merged)
« Reply #493 on: October 01, 2018, 11:27:35 AM »

Online fairweatherfan

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Congrats to Trump and his team for negotiating USMCA (an updated form of NAFTA). Negotiating multi-lateral trade deals is really really tricky. This was a campaign promise of his, and he kept it, so kudos to him.

There will be winners and losers from it in the US. It will be interesting to see which industries/geographies these are.

Also, it will be interesting to compare how similar/different the terms are, compared to what would have been implemented via the Trans Pacific Partnership (TPP) anyway.

Disney et al have gotta be excited that their manipulation of US copyright law is getting exported.

Re: Trumpís Economy (merged)
« Reply #494 on: October 01, 2018, 12:45:08 PM »

Offline Redz

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Congrats to Trump and his team for negotiating USMCA (an updated form of NAFTA). Negotiating multi-lateral trade deals is really really tricky. This was a campaign promise of his, and he kept it, so kudos to him.

There will be winners and losers from it in the US. It will be interesting to see which industries/geographies these are.

Also, it will be interesting to compare how similar/different the terms are, compared to what would have been implemented via the Trans Pacific Partnership (TPP) anyway.
You have to admit, Trump played them pretty good with deadlines and take aways.  Now we can get on with winning some more.  Trump keeps his promises.

I live on the Canadian border, and do business with a fair amount of Canadians. Maybe the deal works out for the rest of the country but the way he went about it absolutely hurt border relations. I hope our bond is strong enough to recover in short order but I don't much care for his negotiating style.

He's no Al Swearengen

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