Cont: The Trump Presidency Part III

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Fast Eddie B said:
I’m curious, where do you envision that money saved by companies on taxes will actually go?
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Well, let's look at 2004 when Congress passed a repatriation tax holiday that brought back $312 billion in overseas profits. The result:
A similar effort more than a decade ago provided a nice windfall for firms, which then passed along most of it to shareholders in the form of share buybacks and dividends. The effort provided little in the way of hiring and in fact saw some of the beneficiaries actually cut payrolls.
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IOW, as it always seems to be under Republican administrations, the rich got richer and the workers took it in the shorts.
 
Skeptic Ginger said:
I repeat: How will tax cuts for the rich stimulate the economy? I just posted several links showing many large corporations are flush with cash. Why aren't they going nuts with expansion?
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I know most people say trickle down economics doesn't work but I disagree. The problem is that most people don't think of the meaning of the word "trickle". Say a rich person starts to make $100 dollars more because of tax cuts, and from that $100 a single dollar $1 "trickles" down to the rest of the economy, you can say with a straight face "See trickle down economics works".....
 
Fast Eddie B said:
I suspect if you drove on down these descending tax rates, the willingness to “exploit a market” might very well be represented by a curve - as so many things in economics (and physics) are.
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A marginal rate of 91% in the booming post-WWII era didn't seem to fit your curve. In fact, I reject your suspicion and counter with my own: high marginal rates provide an additional motive to pursue new markets.
 
Christ this is dumb unless you want to go to war.

Two White House officials told The Daily Beast that Trump winces at having to twice certify that Iran is in compliance with the nuclear agreement, believing it shows weakness that he had to reluctantly do something he clearly did not see as “tough” on Iran. Trump has consulted both Fox News’ Sean Hannity and former UN Ambassador—and staunch neoconservative—John Bolton on the matter. And each has dinged him for certifying the deal while privately urging him not to do so, one official noted.

At the request of former White House chief strategist Steve Bannon, Bolton had drafted a plan for how Trump could back out of the Iran deal. But he was never able to formally present the document to the president after Bannon was ousted and John Kelly became chief of staff. While Bolton has not been able to visit the White House to advise the president lately, Trump still asks aides about Bolton, wondering where he is and what his advice would be on Iran, according to a person familiar with the situation.

White House spokespeople did not respond to requests for comment. Reached by phone, Bolton did not respond when asked if he has spoken with Trump since having his West Wing access curtailed.

With the next deadline approaching, Trump is expected to announce on Friday that Iran has not lived up to its end of the deal even though top generals have said that’s not true and his own national security and foreign policy team fret the fallout of the deal coming apart.
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Craig4 said:
Trump supporters will die for a lack of health care now. He'll step over the bodies of his supporters just like he'll step over the bodies of everyone else.
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If I'm being honest, I do not give a **** about the Trump supporters that will suffer because of him.

They get what they deserve for supporting such a huge sack of ****.
 
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Fast Eddie B said:
Argumentum ad absurdum...

Suppose the tax rate was 100%?

99%?

90%?

...and so on...

I suspect if you drove on down these descending tax rates, the willingness to “exploit a market” might very well be represented by a curve - as so many things in economics (and physics) are.
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Even if so, it is certain that taxation on the rich is not high enough that it actually hinders the economy.

Look at Kansas, that Koch owned piece of crap Sam Brownback outright said he was doing an experiment. That experiment proved trickle down economics wrong.

Not that this has actually deterred Republican slime from trying this on a national level. Because the point isn't to stimulate the economy, it is to give their rich donors more even more money.
 
BobTheCoward said:
How about we don't cut taxes to "stimulate the economy" but do it because taxes are theft?
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If that was the Republican argument, I would have at least a little respect for them for being honest. But that is not their argument. Because they know the large majority of people are not in favor of cutting taxes for rich people. So they lie like the disgusting scum they are.
 
Hlafordlaes said:
Trump to Values Voter Summit: "We don't worship government, we worship God." Wrong. You, Donnie, worship gold, just like that alloy of a wooden cross and a golden calf those "value" folks bow to. When you boys graduate to virtues and walking the talk, maybe you'll get some adult respect. Until then, go play outside where I can't hear or see you.
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You misspelled in traffic in the bolded just above^^^
 
Pentagon officials inadvertently included a Bloomberg reporter on an email list discussing ways to spin Puerto Rico relief efforts.

Despite repeatedly alerting officials to the error, Bloomberg continued receiving the emails for five days. Those messages, each of which was marked “unclassified,” offer a glimpse into the federal government’s struggle to convince the public that the response effort was going well. That struggle was compounded by the commander-in-chief, and eased only when public attention was pulled to a very different disaster.
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jimbob said:
Conflict of interest?

http://www.politico.com/story/2017/10/12/trump-noaa-chief-accuweather-barry-myers-243735

As a top executive at AccuWeather, Barry Myers has pushed for limits on the kinds of products that the National Weather Service offers to the public, saying they offered unfair competition to his industry.

Now, President Donald Trump's nomination of Myers to lead the weather service's parent agency could allow him to make those kinds of restrictions mandatory — to the benefit of his family-run forecasting company.
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I wonder how much of the information his company offers is supplied by the "products" of the National Weather Service he is complaining about?
 
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