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03-28-2018, 10:26 AM
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Senior Member
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The moron is now gunning for that huge economic engine named Amazon. I’m sure Whell has some idiotic excuse to back his Dear Leader on this nonsense.
https://www.axios.com/trump-regulati...6e4eaef2c.html
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-28-2018, 12:41 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
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Yawn - only folks like Chicks thinks that polls are news.
Now for some actual economic news (please keep the sharp objects away from Chicks once he reads this):
Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third GDP estimate for the period on Wednesday. That was a slight moderation from the third quarter's brisk 3.2 percent pace.
The upward revision to the fourth-quarter growth estimate also reflected less inventory reduction than previously reported. Economists polled by Reuters had expected that fourth-quarter GDP growth would be revised up to a 2.7 percent rate. The economy grew 2.3 percent in 2017, an acceleration from the 1.5 percent logged in 2016.
In other words:
Originally reported/estimated Q4 growth - 2.5%%
Expectations for revised growth number - 2.7%
Actual Q4 growth - 2.9%
To make things really tough for poor Chickie:
Still, analysts believe the economy will hit the Trump administration's 3 percent annual growth target this year, driven by a $1.5 trillion income tax cut package and a planned increase in government spending.
I'd also wager that the "planned increase in gov't spending" won't materialize to the extent predicted either. But we'll wait and see.
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03-28-2018, 12:45 PM
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Senior Member
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Join Date: Mar 2017
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You’re a riot, Whell! You’ve been carrying on about how much the tax breaks were going to benefit the middle class. Turns out, not much. So you deflect, as always.
Yes or No: do you agree with your Dear Leader that Amazon needs to be “ taken out”?
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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03-28-2018, 12:52 PM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,206
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Borrowed money doing it's magic again? How about recessions down the road?
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White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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03-28-2018, 12:59 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,350
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Quote:
Originally Posted by Rajoo
Borrowed money doing it's magic again? How about recessions down the road?
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Shiller, the Nobel Laureate whose pinkie knows more about economics than Whell will ever comprehend, warns that the upcoming midterm rout may cause economic collapse. He mentions that other big pro-business president, Calvin Coolidge. We all know how his economic “wisdom” turned out.
https://www.bloomberg.com/news/video...ket-down-video
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Last edited by Chicks; 03-28-2018 at 01:07 PM.
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03-28-2018, 01:21 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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House Republicans will take up a balanced-budget amendment when they return from recess, several sources tell us. This follows on the heels of their $1.3-trillion budget bill and their massive tax bill. WHY DO THIS NOW? Here’s what we think: It’s almost election season, and it would be helpful if GOP lawmakers could go home and be able to say they voted to support balancing the federal budget, even though they voted boosted discretionary spending by a ton, and have not touched entitlement spending, which, they have said for years, is the driver of U.S. budget deficits.
This is like Donald Trump proposing to lead a campaign to make adultery illegal.
https://www.washingtonpost.com/blogs...now-heres-why/
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As long as the roots are not severed, all will be well in the garden.
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03-28-2018, 01:47 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Chicks
You’re a riot, Whell! You’ve been carrying on about how much the tax breaks were going to benefit the middle class. Turns out, not much. So you deflect, as always.
Yes or No: do you agree with your Dear Leader that Amazon needs to be “ taken out”?
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This thread is about supply side economics, not about tax breaks for the middle class. Sorry you got lost.
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03-28-2018, 02:12 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,222
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Quote:
Originally Posted by whell
This thread is about supply side economics, not about tax breaks for the middle class. Sorry you got lost.
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No truer words have been spoken to describe 'supply side economics', not that you're self aware enough to realize it, Mike.
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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03-28-2018, 03:04 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by bobabode
No truer words have been spoken to describe 'supply side economics', not that you're self aware enough to realize it, Mike.
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I'm fully aware to realize that you think that my post can be taken in an ironic context or play on words that slams the topic. Of course, if you think that, then you apparently have a grave misconception about what supply side economics is.
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03-28-2018, 04:41 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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Quote:
Originally Posted by whell
I'm fully aware to realize that you think that my post can be taken in an ironic context or play on words that slams the topic. Of course, if you think that, then you apparently have a grave misconception about what supply side economics is.
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I'd say it's you that has a grave misconception of what supply-side economics is in that you seem to believe that it is a proven and viable economic model.
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As long as the roots are not severed, all will be well in the garden.
Last edited by finnbow; 03-28-2018 at 06:27 PM.
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