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Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Discussion in 'Budget & Taxes' started by AtsamattaU, May 7, 2019.

Page 23 of 28
  1. AtsamattaU

    AtsamattaU Well-Known Member

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    Will your lack of concern over deficit spending for the sake of goosing the economy carry over into Democratic administrations?
     
    AtsamattaU, May 10, 2019
    #551
  2. rahl

    rahl Banned

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    Nope. More Americans voted for Clinton than trump. This is a demonstrated fact.
     
    rahl, May 10, 2019
    #552
  3. AFM

    AFM Well-Known Member Past Donor

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    Obama tried that. It resulted in the worst recovery from a recession in US history. Trumponomics is based on allowing people to keep more of their earned income, reducing the corporate tax rate (corporations don’t pay taxes they collect them), and reducing unnecessary regulations.
     
    AFM, May 10, 2019
    #553
  4. Dutch

    Dutch Well-Known Member Past Donor

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    How's Hillary's presidency? Is she enjoying these 3 million votes? :D
     
    Dutch, May 10, 2019
    #554
    AFM likes this.
  5. rahl

    rahl Banned

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    Oh look, that same strawman. Lol
     
    rahl, May 10, 2019
    #555
  6. nopartisanbull

    nopartisanbull Well-Known Member

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    Again, a RECOVERY consist of numerous economic indicators, however, the main ones are;

    a. GDP growth rate, and
    b. Employment

    From 1929 to 1939, we had 2 recessions, and 2 recoveries, source; NEBR

    GDP growth rate......Unemployment Rate;

    1930; - 8.5%.....8.7%
    1931; - 6.4%......15.9%
    1932; - 19.9%.....23.6%
    1933; - 1.2%...…29.9%
    1934; + 10.8%....21.7%
    1935; + 8.9%...…20.1%
    1936; + 12.9%....16.9%
    1937; + 5.1%...…14.3%
    1938; - 3.3%...….19%
    1939; +8.0%...….17.2%

    Thus, evidently, Obama's Employment/Unemployment RECOVERY rates haven't been the worst, however, evidently, his GDP Growth RECOVERY rates were significantly lower than the 30's.

    Thus, which RECOVERY scenario average Joe's/Jane's would prefer?

    a. 10% GDP Growth rate...….20% unemployment rate...….Employment to population ratio; Below 50%

    or

    b. 2% GDP Growth rate...….5% unemployment rate...….Employment to population ratio; Above 58%

    IMO, "we had the worst recovery since post WW2"

    Thus, my statement would be factually and historically impossible to refute, however, "worst in the history of the U.S."??????????
     
    Last edited: May 10, 2019
    nopartisanbull, May 10, 2019
    #556
  7. AFM

    AFM Well-Known Member Past Donor

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    That was a depression.
     
    AFM, May 10, 2019
    #557
  8. nopartisanbull

    nopartisanbull Well-Known Member

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    You said "worst RECOVERY in the history of the U.S."

    Google NEBR's Peak/Trough/Contraction/Expansion/Cycle, and Duration in Months; https://www.nber.org/cycles.html

    …..and from 1929 - 1939, NEBR shows 2 RECOVERY/expansion periods
     
    Last edited: May 10, 2019
    nopartisanbull, May 10, 2019
    #558
  9. Dutch

    Dutch Well-Known Member Past Donor

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    Calm down my friend, and enjoy the end of the work week... I know I do :)
     
    Dutch, May 10, 2019
    #559
  10. Dutch

    Dutch Well-Known Member Past Donor

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    No Dem is running on Obama's record. Fact. No Dem is running against Trump's record. fact.
     
    Dutch, May 10, 2019
    #560
  11. AFM

    AFM Well-Known Member Past Donor

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    Come’on man.
     
    AFM, May 10, 2019
    #561
  12. Dutch

    Dutch Well-Known Member Past Donor

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    Enjoy. There are many more where' this cme from. Lol
     
    Dutch, May 10, 2019
    #562
  13. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

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    Enjoy it while you can Your Republican friends want to return the 96 hour week as soon as they are able.. We lower orders should not be allowed free time, who knows what we get up to.
     
    Last edited: May 10, 2019
    Aleksander Ulyanov, May 10, 2019
    #563
  14. rahl

    rahl Banned

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    Neither are facts, lol
     
    rahl, May 10, 2019
    #564
  15. rahl

    rahl Banned

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    I always find made up arguments amusing. Carry on.
     
    rahl, May 10, 2019
    #565
  16. rahl

    rahl Banned

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    I see facts and recorded history are once again forcing you to detach yourself from reality in order to hold onto your ideology, lol.
     
    rahl, May 10, 2019
    #566
  17. nopartisanbull

    nopartisanbull Well-Known Member

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    Quote: "Obama doubled the debt"

    No he did not!

    Obama/Congress and the FEDERAL RESERVE's extraordinary/emergency and QE measures doubled the debt.

    Response; Come' on man, he did doubled the debt

    No he did not! Due to the fact; The Fed is an INDEPENDENT entity, example;

    Trump; the Federal Reserve should cut the benchmark interest rate by 1%,
    Fed's response; WE WILL NOT!

    Thus, excluding the Fed's extraordinary/emergency and QE measures, Obama/Congress did not doubled the debt.

    -----------------

    IN OTHER WORDS, I refuse to accept that Obama's RECOVERY/expansion was the worst in U.S. History, due to the fact, according to NEBR, from 1929 to 1939, there were two RECOVERY/expansion periods, and if we compare them to Obama's recovery, most average Joe's/Jane's would conclude that the 30's RECOVERY/expansion periods were the worst.
     
    Last edited: May 10, 2019
    nopartisanbull, May 10, 2019
    #567
  18. AFM

    AFM Well-Known Member Past Donor

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    How much did Obama increase the national debt ?? Magnitude and percentage ??

    I've been saying for years on this forum that the Obama recovery was the worst recovery from a recession since the Great Depression.

    You can or cannot accept anything you want but defending the Obamomics by saying that only the Great Depression was worse is basically a condemnation of the Obama economy.
     
    AFM, May 10, 2019
    #568
  19. struth

    struth Well-Known Member

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    Are you trying to say something
     
    struth, May 10, 2019
    #569
  20. nopartisanbull

    nopartisanbull Well-Known Member

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    Look, I've been an independent since 2007, and I do not INFLATE or DEFLATE issues in an effort to GLORIFY or DISCREDIT POTUS, like most posters do in this forum.
     
    nopartisanbull, May 10, 2019
    #570
  21. AFM

    AFM Well-Known Member Past Donor

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    Take your pick. Using the most common method Obama:

    https://www.thebalance.com/national-debt-under-obama-3306293
     
    AFM, May 10, 2019
    #571
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    The Republicans produced budget surpluses and handed the Democrats a paltry $161B deficit in 2007. Between 2008 and 2016 the Dem's doubled the debt. Why would you vote them back in if you care about the deficit and the debt?
     
    Last edited: May 10, 2019
    Bluesguy, May 10, 2019
    #572
  23. nopartisanbull

    nopartisanbull Well-Known Member

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    Take your pick using two common methods, and one non-partisan method;



    US Debt by President by Dollar and Percent, balance.com, SAME SOURCE

    Method # 1

    Bush added
    Bush added
    Bush added

    George W. Bush: President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget

    Bush launched the War on Terror in response to the 9/11 attacks. The War on Terror included two wars. The War in Afghanistan cost $1.1 trillion and the Iraq War cost $1 trillion. They increased military spending to record levels of $600 billion to $800 billion a year.


    President Bush also responded to the 2001 recession by passing the Economic Growth and Tax Relief Reconciliation Act and the Jobs and Growth Tax Relief Reconciliation Act. He approved a $700 billion bailout package for banks to combat the 2008 global financial crisis. Both Presidents Bush and Obama had to contend with higher mandatory spending for Social Security and Medicare.


    https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

    Bush added
    Bush added
    Bush added

    Method # 2

    Republican response; Bush lowered the deficit to $162 billion, and then, the Democrat controlled Congress spent money like Drunken Sailors.

    ------------------

    Non-partisan Method # 3

    During Bush's presidency, the debt increased by $5.849 trillion, PERIOD.
    During Obama's presidency, the debt increased by $9 trillion, PERIOD
     
    Last edited: May 10, 2019
    nopartisanbull, May 10, 2019
    #573
  24. AFM

    AFM Well-Known Member Past Donor

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    TARP was all repaid with interest. The Government made money which accrued in the Obama administration.
     
    AFM, May 10, 2019
    #574
  25. nopartisanbull

    nopartisanbull Well-Known Member

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    In other words, I BLAME ALL PARTIES!
     
    nopartisanbull, May 10, 2019
    #575
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