These 7 charts show Trump's tax cuts still haven't been the economic 'rocket fuel' he promised, 2 ye

Are you retiring in the next few years?

Have you fully recovered from the losses during the last contraction?

 

My goal is to retire in 4 years. My 401K is above where I was hoping to be then. Even with a contraction I will be where I want to be and I do expect a correction at some point.

 

Well, your math seems to be pretty off. The stock market rose 150% under Obama's 8 years, but 21.9% in 2019. Either you are imagining your much "better" returns under Trump, or you were not invested under Obama, which would prove my point above.

 

Very well, then you may want watch the cycle and be prepared to switch to the guaranteed funds.

To be fair, a critical piece is left out. The drop in value from the Great Recession also lead to a recovery during the Obama administration. Most of that 150% was recovering what was lost.

A real economist would argue that’s impossible to recover the losses though.

 

Has not the increase in low wage income come primarily from states and cities raising the minimum wage? Democratic states and cities that is. The Democratic House passed legislation raising the federal minimum wage. But it sits on Moscow Mitch's desk, going nowhere.

 

Total return adjusted for inflation by November three years after election. Trump 44.3, Obama 25.1.

https://www.bloomberg.com/opinion/a...formed-under-donald-trump?utm_source=url_link

 

That would be a good thing for you to research. How many cities raised minimum wage and how many employees did it impact? How many jobs were cut or hours per employee cut due to artificial wage increases?

You've got to create jobs to have overall increases. Minimum wage increases usually reduce the number of jobs. Reducing taxes on businesses, gives companies capital to invest in expansion and jobs.

 

A good portion already is and I still made 22.46% YTD.

 

That is not how it works in real life. In places where the minimum wage is higher, jobs are just as plentiful as where it is low. There are just as many employees in MacDonald's restaurants in the Northwest, where the minimum wage is at its highest, as there are in the Bible Belt where it is the lowest. Yet the prices are the same.

 

Okay. Invent your own economics theories to suit your fancy. Just know that real life hasn't much to do with your post.

 

Of course. There is no such thing as economic rocket fuel, and people would be very foolish to imagine that the economy, a product of supply and demand, could be so stimulated.

It is just a shame no one wants to tackle real economic problems, such as wages being stagnant for decades while prices have gone up with inflation, made up for by all manner of credit and welfare schemes.

 

~ They already have done that decades ago. Trump is trying to fix it.

~ Yes exactly. They are the ones who need it the most. There are also many more of them who will benefit from the tax cuts.

 

Don't back pedal. Your previous claim was "My return on my 401K just this year would have taken 8 years under Obama." That claim is just complete nonsense.

 

No

Trump's success has come in the form of disposable income. The cities you speak of tax the crap out of the average wage earner.

 

OP is a perfect example of a LW lie narrative ripe for deconstruction.

So let's say you are a known-biased LW-Complex source like "Business Insider," or a Complex employee/grantee dependent on ever higher taxes like OP. How do you take the plain facts of a booming post tax cut economy and put them in a negative light? How do you create a falsehood out of easy to perceive truth?

Cherry pick a few indicators that haven't moved, that -wouldn't- move in a short time after a tax cut, and focus on those instead of the broader context "AHA! See, these seven things look stagnant, don't worry about the other 100 indicators that signal a boom, those are irrelevant."

Not going to bother with more atm, OP article is easy to unravel hokum, so don't really need to.

 

No we called a 1.8% GDP after eight trillion inject "THE SUCK" ¯\_(º¸º)_/¯

 

More to it then that. Look at the spurts under Mr. Obatards 8 years.. His roller coaster GDP matches perfectly with the QE injects! Soon as the money was siphoned off growth would bottom out! His 8 year GDP was bought, while Trumps GDP is flatter because it fueled by ACTUAL growth. The diversity of the current employment numbers speak for themselves, again Mr Obatard employment numbers didn't show that either ¯\_(º¸º)_/¯

 

I reject your premise.

 

anyone can feel free fill pages and pages with charts and graphs, but that won't change the fact that my local economy is booming, unemployment is at rock bottom and my 401k had a fantastic year. I'm a happy camper and i'm thanking Trump and the GOP for my positive results.

The only contribution I remember the democrats having was complaints and criticisms downplaying my very real tax cut (they called it "crumbs") which was noticeable, and appreciated. Thanks!

 

Excellent point. Obama's phony stimulous was a payoff to his union buddies, a lot of that money can back to him in the form of political contributions. Sort of a giant money laundering scheme.

 

Much like the Russia hoax and peach mint.

 

You cant say it did nothing when your trying to claim it did something bad. Also it was good in a lot of ways. Can you even admit 1 thing it did that was good.

 

I wonder what you call 2.1% growth after another $500 billion injection per year? A booming economy?

 

Another thing the leftist spin is job creation! Mr. Obatard paid to have displaced workers to be rehired BACK to jobs they had lost.. Under Trump these jobs are actually new jobs! Trump is putting the 11 million that Mr. Obatard eventually removed from the Unemployment records once they exhausted their benefits

 

They cant! Anything good that happens under this President is HONESTLY perceived as bad.. It destroys their narrative, makes them inconsequential and makes everything they claim dishonest..