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Trump - Picks, Promises, and Re-Election


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#181
onbekende

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So they mentioned the 3 points most favoured from his entire plan, grats? As with all such video's I always wonder howmany they got that didn't either fall for it or weren't "usefull" for the scheme in one way or another (for example a Trump fan, no doubt they found someone like that aswell).

 

As for the 3 points "polled"

1) Increase Child Tax Credits: very nice

2) Eliminate "Death Tax": sounds like wishfull thinking, it is basically free tax levied. One of the first things I would throw out aswell.

3) Lower Small Business Rates to 25% Max: Another nice idea, what is the current "middle ground" on that % today anyway?

 

Now I am working from memory, to easely mimic the "interview" aspect of this clip, be free to refute any misgivings. I recall other points to his plans:

4) Going from 7 to 3 tax levels, with re-adjustment of the $$ amounts this means lowest income have smaller bracket (but they shouldn't pay anyway??) and high end bracket gets a nice bonus.

5) Elimination of various deductions and other cash-back loop-holes in the current system (aka streamlining). Doesn't do much for the high-end earners cause they don't get touched by taxes already (due to many other loopholes still persisting) and it kicks out alot of stuff that small to medium earners pay for and they get deductions/cash-backs for, thus diminishing their usage (I heared childcare, general health and safety tools, education waivers and tuitions, ...) and their general helpfullness while being used.

6) Various caps and deductions to corporate tax rates coupled back to the smaller taxcode phonebook, meant to aid corporations and their shareholders while hoping that the economical windfall generated will make this a budget neutral to positive package (lol?)


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#182
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And so it begins... the repatriation of U.S. currency. If you're not paying attention, or if you watch fake news, you may not have heard what happened today, but it sent the Dow Jones Industrials up 323 points to close at over 26,000... no big deal, just another record.

 

Apple has announced an investment into the US economy of $350 billion over the next 5 years. Building a new facility and creating 20,000 new tech jobs. They are increasing innovation from the previous one billion... to a whopping five billion. Bringing in $250 billion of U.S. currency, that of which they will pay a blistering $38 billion in taxes. This is all because of the new tax law.

 

Barack Obama famously quoted that manufacturing jobs would NEVER come back... I guess he doesn't know business.

 

Making America Great Again!

https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html


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#183
onbekende

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Congrats on the $$, which you get from taxes (big Republican booo!) with a technology company which is hardly going to do manufacturing...

 

Wonder howmuch will be taxed in Ireland thou, they like it there.


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#184
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So they are manufacuring iPhones in the USA now or what?

That makes very little sense economically to me.
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#185
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So they are manufacuring iPhones in the USA now or what?

That makes very little sense economically to me.

I don't know what Apple will do. My guess is anything that will keep them out of anti-trust court. Look for a lot coming from Google, Facebook, and Amazon as well. A new facility and 20,000 jobs? Can't be just nerds writing apps and customer service reps.


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#186
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And so it begins... the repatriation of U.S. currency. If you're not paying attention, or if you watch fake news, you may not have heard what happened today, but it sent the Dow Jones Industrials up 323 points to close at over 26,000... no big deal, just another record.

 

Yeah, I heard the stock markets are doing remarkably well :rolleyes:


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#187
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And so it begins... the repatriation of U.S. currency. If you're not paying attention, or if you watch fake news, you may not have heard what happened today, but it sent the Dow Jones Industrials up 323 points to close at over 26,000... no big deal, just another record.

 

Yeah, I heard the stock markets are doing remarkably well :rolleyes:

 

Totally expected. Economy growth brings inflation. Inflation is countered by raising interest rates. Raising interest rates causes investors to take their gains before the rates are raised. It's called a correction. Smart investors are buying right now. That's why when it bottomed out at -1600, they quickly bought back. I don't know if the correction is over, but my best guess says yes it is.

 

Obama lowered interest rates to zero... and they stayed there the entire time he was in office. It gave a false impression that the economy was good. In reality, we had 8 years of nothing. Slowest growth in American history. Today we had what can only be called an enormous crash... but guess what? We're still filthy rich!


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#188
onbekende

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Unsure which "growth" you measure today instead of yesterday, but the FED did the low interest thing (and I don't recall the republicans complaining).


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#189
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Unsure which "growth" you measure today instead of yesterday, but the FED did the low interest thing (and I don't recall the republicans complaining).

GDP (Gross Domestic Product)

 

After the Real Estate crash in 2008, zero interest was needed to encourage banks to loosen their lending requirements to stop the bleeding. Republicans were cool with that. This was intended to help until a recovery could take place. Obama's regulations, a trillion dollar payout to his "supporters", bailing out the auto unions by screwing the stockholders, and a massive Obamacare law... killed any hope of a recovery. In order to keep the economy stabilized... free money to banks was the new normal. This in turn, devalued the dollar, and saving money became a stupid thing to do. Thanks Obama!


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#190
onbekende

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GDP you say, please don't say you are only happy if the curve is an exponential growth...

 

 

- Auto industrie isn't all but gone thanks to Obama. Meh stockholders.

- ACA is only bad if you attach the name "Obama" to it, but thats a general Dem vs Rep issue. (lets not forget it is actually Romneycare!)

- Trump tax plan just had 400b$ in payout to his "supporters".

- Keeping the dollar low means better export, the UK did it for the past 5/10 years!

 

 

I have many times stated that a Republican USA is good for USA, less for the world. While a Democratic USA is good for the world, less for USA. Neither is strictly bad for either thou, just different approaches (which is good, you need variance and mixed/mish-mash systems).

 

Anyway, you can't claim Trump inherited an economy in shabbles. It is his now to lose, some figures are already reaching their maximum potential (like unemployment, you will always have a "baseline" of it, usual numbers economists throw out is one around 3%) while others can only improve with outside enforcement (export/import deficit for example).


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#191
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- Auto industrie isn't all but gone thanks to Obama. Meh stockholders.

Bullshit. I have a client that I have worked with for the last 14 years that lost 4 dealerships in 2010, and over a thousand people lost their jobs, because Obama took care of the unions and left the owners to die. If GM and Dodge were left alone to go through the normal bankruptcy process, after reorganization, they would have gone through a recovery period and much less pain. But no... Obama sidestepped the law, and gave everything to his supporters once again... therefore we no longer have things like Pontiacs, Hummers, and Saturns. Thanks to Trump... Chrysler is coming back to Detroit.

- ACA is only bad if you attach the name "Obama" to it, but thats a general Dem vs Rep issue. (lets not forget it is actually Romneycare!)

Any name you want to call it... it sucks. Massachusetts can do whatever it wants, we don't care. It won't be too much longer for the ACA. We killed the individual mandate, and without the power to tax everyone for insurance extortion, it will die all on it's own.

- Trump tax plan just had 400b$ in payout to his "supporters".

Wow... you mean only Trump supporters got a tax cut? Only Trump supporters are getting raises and bonuses? Only Trump supporters are receiving stock options and blooming retirement accounts? You mean Democrats, Never Trump Republicans, Progressives, illegal aliens, open border socialists, ANTIFA, all those women wearing their uterus on their head, NFL Anthem kneelers, and all those Hollywood snobs... are not getting it?

 

I only hear Congressional Democrats and fake news networks say things like that.

- Keeping the dollar low means better export, the UK did it for the past 5/10 years!

More EU needs to do the same thing so we can get more to jump ship.

Anyway, you can't claim Trump inherited an economy in shabbles.

Never said that. Trump inherited an economy that was starving from neglect, strangled with regulation, and gasping for breath on life support. Feels great to be able to move, and breathe, and spend money, and smile once again.

 

It warms my heart that Belgium worries so much about what us Americans are doing :)


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#192
onbekende

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- Auto industrie isn't all but gone thanks to Obama. Meh stockholders.

Bullshit. I have a client that I have worked with for the last 14 years that lost 4 dealerships in 2010, and over a thousand people lost their jobs, because Obama took care of the unions and left the owners to die. If GM and Dodge were left alone to go through the normal bankruptcy process, after reorganization, they would have gone through a recovery period and much less pain. But no... Obama sidestepped the law, and gave everything to his supporters once again... therefore we no longer have things like Pontiacs, Hummers, and Saturns. Thanks to Trump... Chrysler is coming back to Detroit.

 

.
Let us take a quick gander thruw this.

I spy that Bush started this bailout, go bark at him.
I spy the following: GM and Chrysler still filed bankruptcy, but severly limited the stakeholders "pain" due to massive buy-out by the state (and Canada). Also seems it is mostly paid back already, ahead of time.
I spy already massive dept (especially GM) tied down to various bondholders which were uncooperative to any restructuring under bankrupcy 11 as they rather had the $$ directly from bankruptcy 7.

So you are annoyed that Obama didn't rescue everyone while maintaining he (and Bush) should have made everyone suffer. I know alot of americans are still preeching the pure capitalism society, but geez?
.

 

- ACA is only bad if you attach the name "Obama" to it, but thats a general Dem vs Rep issue. (lets not forget it is actually Romneycare!)

Any name you want to call it... it sucks. Massachusetts can do whatever it wants, we don't care. It won't be too much longer for the ACA. We killed the individual mandate, and without the power to tax everyone for insurance extortion, it will die all on it's own.

 

.
You have a growing and already plurality of americans in favor of even bigger socialized healthcare, either admit the changing tides and let it happen gradually or be hysterical and watch a revolution destroy your little "paradise" that is health-debt.
.

 

- Trump tax plan just had 400b$ in payout to his "supporters".

Wow... you mean only Trump supporters got a tax cut? Only Trump supporters are getting raises and bonuses? Only Trump supporters are receiving stock options and blooming retirement accounts? You mean Democrats, Never Trump Republicans, Progressives, illegal aliens, open border socialists, ANTIFA, all those women wearing their uterus on their head, NFL Anthem kneelers, and all those Hollywood snobs... are not getting it?

I only hear Congressional Democrats and fake news networks say things like that.

 

.
You consider my use of "" to be as superfluous as your usage of supporters without. Neither Obama just helped "his own" nor did Trump. Go find a crayon that isn't black or white will ya.
.

 

- Keeping the dollar low means better export, the UK did it for the past 5/10 years!

More EU needs to do the same thing so we can get more to jump ship.

 

.
Someone missed the meaning of my sentence I guess...

No EU involvement what so ever in UK's downplaying of their Pound. Heck most of the EU just feels sorrow and schadenfreude from what is happening wit the UK in their "divorce proceedings".
.

 

Anyway, you can't claim Trump inherited an economy in shabbles.

Never said that. Trump inherited an economy that was starving from neglect, strangled with regulation, and gasping for breath on life support. Feels great to be able to move, and breathe, and spend money, and smile once again.

It warms my heart that Belgium worries so much about what us Americans are doing :)

 

.
Unsure how economy was that bad when every indicator of an excellent economy now is piece for piece the indicators present before Trump even got elected.

I worry for alot of people, it means I get empathy beyond just bloodbonds.


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#193
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So you are annoyed that Obama didn't rescue everyone while maintaining he (and Bush) should have made everyone suffer.

There should never be a Federal Government bailout for anything. Nothing is too big to fail. I don't care who the President is. Not banks, not corporations, states, cities, unions, territories, hurricanes, fires, earthquakes, mudslides, volcanos... not even entire countries. If something is in trouble, and no one cares to help... then it's not worth saving.

 

We already have laws on the books to take care of these issues, and they should have been left alone to deal with the problem. Obama stepped in the way to rescue his union friends from the evil corporation. In the process an entire industry was raped, robbed, or killed off. Then he lied about it and claimed he saved them.

 

Obama could have done anything he wanted his first year in office. Did he take care of those "dreamers"? Nope. He blessed us with the ACA and gave one trillion dollars to his supporters. They just had to say they were creating a shovel ready business to create thousands of green jobs. Here's 50 million. They say thanks, pocket the 50 million, and they are never heard from again. That was Obama style for stimulating the economy. Normal people would go to jail.

Someone missed the meaning of my sentence I guess...

No... didn't miss the meaning. Just my way of telling you that the only three things I know about that's going on in the UK are terrorist attacks, Harry marrying a Hollywood bimbo, and Brexit. It's really none of my business.


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#194
onbekende

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For the umptiest time, society =/= business. This coming from a party that marks "family values" on their top list.

 

 

About the UK bit, I spoke about keeping the pound low to boost export, something you could (with a stretch) consider the USA to be doing aswell.


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#195
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This coming from a party that marks "family values" on their top list.

Political parties or any interpretation of values does not override that the Constitution limits the power of the Federal Government. There are boundaries that never should have been crossed... therefore we have what we have today... an over-bloated and debtor government.


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#196
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And when you start agreeing that both sides compound to that issue, we will meet halfway much more then you realize.


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#197
legoboyvdlp

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I freely admit that all this is above my head, and I probably shouldn't butt in. But, in my limited understanding, I seem to recall that more spending is good for an economy.

The weaker dollar influenced my decision to purchase my new laptop in the USA, as it cost about £350... not £600 ($830). Therefore, isn't a slightly weaker dollar in theory better for the US economy, to improve spending? Plus you can always put a nice tax on us :) On the other hand, I do realize this makes things harder for you Americans... I think. If I got it right, a stronger dollar means prices in the USA come down?

Please correct me where necessary :)
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#198
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I'm not an economist. Too many that call themselves economists are complete idiots... Paul Krugman is a perfect example. You don't have to be an economist to understand that a zero interest rate from the Federal Reserve is not a sign of a healthy economy. A zero interest rate from the Federal Reserve for 8 solid years was complete insanity. It means lending money was easy, but saving money earned absolutely nothing. Investors had only one choice since money markets paid nothing and Real Estate went off the cliff... stocks.

 

Obama was scared to death of the Fed raising the rate because it would raise the cost of the debt. Zero interest goes both ways... the rate on debt is the same as on lending. Obama doubled the national debt, and refused to allow anyone to actually feel the pain of that debt. So he installs Janet Yellen and she complies with a zero interest rate the entire time. Enter Donald Trump, who doesn't understand the meaning of zero growth. The Fed will raise the rate, Trump is spending more money, and the stock markets don't know what will happen... so it's really crazy right now. As far as trade goes... Trump will do whatever makes money and creates jobs... if it doesn't make money and create jobs, it will be cut. Take that to the bank.


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#199
onbekende

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I freely admit that all this is above my head, and I probably shouldn't butt in. But, in my limited understanding, I seem to recall that more spending is good for an economy.

The weaker dollar influenced my decision to purchase my new laptop in the USA, as it cost about £350... not £600 ($830). Therefore, isn't a slightly weaker dollar in theory better for the US economy, to improve spending? Plus you can always put a nice tax on us :) On the other hand, I do realize this makes things harder for you Americans... I think. If I got it right, a stronger dollar means prices in the USA come down?

Please correct me where necessary :)

 

About the UK bit, I spoke about keeping the pound low to boost export, something you could (with a stretch) consider the USA to be doing aswell.

 

You are correct, a "weak" currency means that buying products with a "strong" currency is favoured (you get more bling from your buck from abroad then at home basically). It does mean that any imports get expensive, offcourse if said imports were pricey to start with, buying from China/India is still dirt cheap for USA (partially cause dollar still trumps yuan).

 

 

As for Lys: savings interest rate is always lower then lending interest rate. regardless on what either is capped/stuck at. Keeping it this low meant that you better invest it now and take a possible shortfall then just keeping it and it losing money (as inflation eats it up).


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