The Trump Economy

[TPS]

17 minutes ago, Tiberius said:

What's the deficit look like this year? 

The next Fiscal year or the end of this calendar year? 

Either way, it'll be around a trillion again.

 

[Tiberius]

12 minutes ago, TPS said:

The next Fiscal year or the end of this calendar year? 

Either way, it'll be around a trillion again.

 

That's a lot of government stimulus! 

[B-Man]

Here’s What the Tax Cuts Have Done for America in 2 Years

by Brad Wenstrup

 

Original Article

 

It’s been two years this month since Congress passed and President Donald Trump signed the Tax Cuts and Jobs Act, providing the first major tax reform since 1986. It was a historic overhaul that has delivered tangible benefits for our national economy. The tax cuts lowered our federal corporate income tax rate, which was hurting American job creators’ ability to compete on a global stage. Previously at 35%, the U.S. rate was one of the highest in the developed world.

 

 

 

 

.

[TPS]

15 minutes ago, Tiberius said:

That's a lot of government stimulus! 

Yes, but when the new spending is mainly directed at capital intensive defense contractors and the tax cuts mainly raise the disposable income for those who will save more than they spend, the impact on GDP is weaker.

[Greybeard]

On 12/14/2019 at 4:58 PM, TPS said:

I wouldn't call a decline in GDP growth from 6.7% to 6% an "economic downturn."  I'm not disagreeing about the timing of the announced deal, I'm simply saying it's more window dressing than the significant deal that Trump claims it is.  China has more leeway and time than you think.

        What's being debated here, Chinese reported numbers??    The Chinese work hard to make them less reliable than ours.

[row_33]

5 minutes ago, Greybeard said:

        What's being debated here, Chinese reported numbers??    The Chinese work hard to make them less reliable than ours.

 

TPS just takes a dump on everything to do with Trump

 

[Greybeard]

2 minutes ago, row_33 said:

 

TPS just takes a dump on everything to do with Trump

 

  I wasn't commenting so much on TPS as I was their debating reported Chinese numbers.  I find many of the US numbers hard to believe and I am suppose to believe Chinese numbers.?

      

[row_33]

2 minutes ago, Greybeard said:

  I wasn't commenting so much on TPS as I was their debating reported Chinese numbers.  I find many of the US numbers hard to believe and I am suppose to believe Chinese numbers.?

      

 

Liberals and the media took and take at full face value every report from Russia and China since 1919 and continue to do so, especially if it damages a GOP President.

 

TPS keeps on and on with stats, no credibility at all, it's just #orangemanbad

 

[TPS]

1 minute ago, row_33 said:

 

Liberals and the media took and take at full face value every report from Russia and China since 1919 and continue to do so, especially if it damages a GOP President.

 

TPS keeps on and on with stats, no credibility at all, it's just #orangemanbad

 

I would call you an idiot, but I don't want to hurt your feelings again.

[TPS]

39 minutes ago, Greybeard said:

  I wasn't commenting so much on TPS as I was their debating reported Chinese numbers.  I find many of the US numbers hard to believe and I am suppose to believe Chinese numbers.?

      

Maybe 6-7 years ago (or more) no one trusted their numbers, but I think it's better today.  China has been trying to open up its financial sector, so it has to be more transparent.  That doesn't mean they are completely, but I think the "proof" is in how global investors react to the numbers based on their belief in the  stats.  

 

[TPS]

23 hours ago, TPS said:

One data point isn't a trend but positive news this morning on China's growth.

https://www.wsj.com/articles/chinese-economic-activity-gets-a-lift-as-2019-comes-to-a-close-11576471966?mod=cx_picks&cx_navSource=cx_picks&cx_tag=contextual&cx_artPos=6#cxrecs_s

 

"A raft of supportive central government policies lifted China’s economic activity in November—bolstering factory production and consumer spending—which prompted some economists to raise their growth estimates for next year."

Then there's this to support @GG's point: https://www.bloomberg.com/news/articles/2019-12-16/defaults-in-one-of-china-s-richest-provinces-spook-investors

 

[Buffalo_Gal]

A little bit about the phase one China deal and how it will benefit US farmers.

Lighthizer: Phase one will be good for farmers 'across the board'
 

https://video.foxbusiness.com/v/6116444117001/

 

 

 

Edited December 17, 2019 by Buffalo_Gal

[GG]

1 hour ago, TPS said:

Then there's this to support @GG's point: https://www.bloomberg.com/news/articles/2019-12-16/defaults-in-one-of-china-s-richest-provinces-spook-investors

 

 

It's been a growing problem that the regime has never had to face before.  That's why they don't have as much flexibility as conventional wisdom may dictate.

[Buffalo_Gal]

 

 

 

 

 

 

[Buffalo_Gal]

China to lower import tariffs on frozen pork, avocados from January 1
 

China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.
 

Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, on more than 850 products, the finance ministry said on Monday. That compared with 706 products that were taxed at temporary rates in 2019.
 

</snip>

[ALF]

Living in her car, she was afraid and harassed. Then she found an unexpected refuge

 

As an Uber driver, Lauren Kush tries to keep her Toyota Prius spotless.

But keeping it tidy serves a dual purpose. The 36-year-old woman is homeless and has been sleeping in her car at night, converting the back seat into a bed.

 

Kush started sleeping in her car when she could no longer afford an apartment in Los Angeles, where median rent for a one-bedroom is $2,350 per month. She's now among more than 16,000 people in LA County who live in their vehicles -- about a quarter of the nearly 60,000 homeless people here.

 

https://www.cnn.com/2019/12/23/us/homeless-living-in-vehicles-los-angeles/index.html

 

But the economy is so great and don't look at the budget deficit

[Nanker]

Wet blanket sob story. She should drive that Prius to a state that has less than $2,350 per month rentals. That, or learn to code. 

[ALF]

12 minutes ago, Nanker said:

Wet blanket sob story. She should drive that Prius to a state that has less than $2,350 per month rentals. That, or learn to code. 

 

I'm a 6 year vet and retired factory worker and consider myself very blessed but I have empathy for those less fortunate. 

 

Merry Christmas Nanker

[Nanker]

2 minutes ago, ALF said:

 

I'm a 6 year vet and retired factory worker and consider myself very blessed but I have empathy for those less fortunate. 

 

Merry Christmas Nanker

Thank you for your service ALF. But you seem to specialize in finding a dark circle around every rainbow. It’s tiring. 
Can I assume that you give generously to charities that assist the downtrodden and needy? You donate hundreds of hours a year to community projects that help protect and provide a better environment for your fellow citizens?

 

Or do you see that area as strictly the responsibility of our collective governments? Answer me this, why is it that “homelessness” is a problem we only hear about when a Republican is in the White House?

 

Merry Christmas to you too @ALF, and a Happy and Prosperous New Year for you and your family, and oh yes that Prius driver in Cali who can’t drive away from the high rent district. 

[SoCal Deek]

We’re literally at full employment in this country. Rents are set by market forces of supply and demand so I’m guessing someone is renting all of those expensive apartments! They aren’t vacant. Further, we have illegal aliens streaming across our border, immediately getting work, and somehow still having surplus money to send some home to Mexico each month. And...someone’s sleeping in their Prius?