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Thread: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by iguanaman View Post
    1/3 of the stimulus was tax cuts that ALL went to the private sector. As usual you are totally inaccurate. It's hard to bat 1000 but you sure come close.




    Stewart claims that the stimulus bill is one-third tax cuts | PolitiFact
    Love how the left calls a rebate or tax credit a tax cut especially for people who aren't employed. The stimulus was sold as a shovel ready jobs program that was supposed to create new taxpayers not save existing tax payers including teachers which aren't federal responsibilities. This just goes to show how clueless the left is on economic policies and the private sector

    Stimulus Checks: Who Received Them, How Much Was Spent

    Stimulus signed February 2009, Employment when recession began 146 million, when Obama took office 142 million and by the end of 2009 138 million or a loss of 4 million taxpayers. When jobs did return they returned to reduced hours creating part time for economic reasons employment thus never generating the revenue promised by the stimulus

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Conservative View Post
    Love how the left calls a rebate or tax credit a tax cut especially for people who aren't employed.
    Cutting taxes on working individuals when job losses are exceeding 500k/month is simply a less efficient type of fiscal stimulus than direct expenditures into the private sector.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Kushinator View Post
    Cutting taxes on working individuals when job losses are exceeding 500k/month is simply a less efficient type of fiscal stimulus than direct expenditures into the private sector.
    So how many of those working people aren't paying and Federal Income taxes and how do you give a tax cut to people who aren't paying FIT. You have a problem with people keeping more of what they earn, why? What are all those rich people doing with that extra money, burying it in their backyard?

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Conservative View Post
    So how many of those working people aren't paying and Federal Income taxes
    Why does it matter?

    how do you give a tax cut to people who aren't paying FIT.
    Rebate checks do the trick.

    You have a problem with people keeping more of what they earn, why?
    I have a problem giving tax cuts to people who do not need them to eat, live, learn, etc... when we are facing demographic shifts which alter our fiscal future.

    What are all those rich people doing with that extra money, burying it in their backyard?
    Saving it or buying stocks. This doesn't improve economic growth.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Kushinator View Post
    Why does it matter?



    Rebate checks do the trick.



    I have a problem giving tax cuts to people who do not need them to eat, live, learn, etc... when we are facing demographic shifts which alter our fiscal future.



    Saving it or buying stocks. This doesn't improve economic growth.
    How many times do you spend a rebate check? how many times do you spend a tax cut?? More money in every paycheck again showing liberal ignorance

    You have no idea what actual people need as you look at lines on a chart or graph and never relate to any individual. It isn't the government's money, it is the taxpayer that earned it

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by MTAtech View Post
    A. There are no 2019 GDP numbers.
    B. 2018 numbers aren't entirely available.
    C. Yes, 2017 numbers are relevant to discredit your claim that 'countries especially in Europe are economically declining.' They aren't.

    The U.S. 2018 GDP numbers are marginally better and the trade policies have been a disaster. That's what this thread reveals.

    I know this is a shock to you since you are used to Trump lying and you swearing to his lies.
    "European economies not in decline?" Bloomberg disagrees with you and this data is two weeks old not two years old. Bloomberg - Are you a robot?

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by MTAtech View Post
    A) 2017's U.S. annual GDP number was 2.2%. The 2018 number was 2.9%. That is well within the standard deviation of historical GDP rates by year, and therefore is not a consequential difference.
    B) The slower recovery in Europe from the Great Recession was because Europe addressed the recession with austerity. The U.S. addressed the recession with fiscal and monetary stimulus. Notably, Republicans at the time were also advocating for austerity. Thanks for finally admitting that the Obama stimulus programs worked.
    C) As stated a number of times, real GDP did NOT grow by $2 trillion in two years. You have been corrected repeatedly and still you post misleading numbers again. Real GDP was $18.7 trillion at the end of 2016 and $17.7 trillion at the end of 2018. That's a gain of one trillion, which isn't especially remarkable -- no different from 2013 to 2015.

    Actually the US annual GDP for 2018 is available was 3.1%. Q1=2.2%, Q2=4.2%, Q3=3.4%, Q4=2.6%. these add up to 12.4, divided by 4 equals 3.1%

    MSM is trying to avoid reporting this because Obama was the first President in US history to never reach 3% annual GDP, and now he still is. • U.S.: real GDP growth by quarter 2011-2018 | Statista

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Conservative View Post
    How many times do you spend a rebate check? how many times do you spend a tax cut?? More money in every paycheck again showing liberal ignorance
    Everyone gets a rebate check. Not everyone will get a tax cut, and those that do, typically won't spend that tax cut. Remember, fiscal stimulus is only a temporary measure to boost aggregate demand enough to offset some losses due to economic contraction. When the economy is healthy again, it is pertinent that deficit reduction follow. And that's what happens with fiscal stimulus in the form of expenditures; they are only temporary.

    Your understanding of macroeconomics is severely lacking. Again, not a personal attack, but anyone who had even the slightest clue wouldn't say the ridiculously false things you say.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Casca XV View Post
    Actually the US annual GDP for 2018 is available was 3.1%. Q1=2.2%, Q2=4.2%, Q3=3.4%, Q4=2.6%. these add up to 12.4, divided by 4 equals 3.1%
    Nobody is debating that... but this sort of measurement is not the annual GDP growth, it is 4th quarter 2018 - 4th quarter 2019. Obama had several instances during his administration where quarterly annualized growth was above 3%.


    MSM is trying to avoid reporting this because Obama was the first President in US history to never reach 3% annual GDP, and now he still is.
    Incorrect. You simply don't know what you're talking about.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion

    Quote Originally Posted by Kushinator View Post
    Nobody is debating that... but this sort of measurement is not the annual GDP growth, it is 4th quarter 2018 - 4th quarter 2019. Obama had several instances during his administration where quarterly annualized growth was above 3%.




    Incorrect. You simply don't know what you're talking about.

    Yes, because of cheap fuel caused by Fracking and other things Obama opposed there were a couple of quarters above 3% GDP. But because of Obama policies the overall economy stagnate and never an annual average of 3%. Annual average GDP is how Presidents economic policies are measured and Obama was the worst in modern times.

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