WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP –

Discussion in 'Budget & Taxes' started by US Conservative, Oct 26, 2018.

  1. Distraff

    Distraff Well-Known Member

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    I think both parties have failed to do anything to help the middle class in a permanent substantial way. No matter what party comes to power, the middle class continues to stagnate over the decades.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    No I don't have to look back 41 years. And both the Bush and Clinton booms were a result of similar Republican policies and during Obama's term the "really started to take off" came after the Republicans started taking back more and more political power. You seem to want to believe that the low inflation during Obama's term was a good thing when in fact it was due to a stagnant economy and stagnant wages.
     
  3. US Conservative

    US Conservative Well-Known Member Past Donor

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    Perhaps they haven't done enough and that does need to change.

    But its important to note that Trump democrats felt strongly enough about the failures of dems to actually vote democrat.
     
  4. notme

    notme Well-Known Member

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    Nothing is for free. And it shows how the bill works.
     
  5. notme

    notme Well-Known Member

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    Not that I am aware off. But feel free to post the number of the post you did.
     
    Last edited: Nov 8, 2018
  6. Zorro

    Zorro Well-Known Member

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    You wouldn't know an economic plan if you fell over it. You don't even know the purpose of the US Economy, which is why are dancing like a cat on a hot tin roof.
     
    Last edited: Nov 8, 2018
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  7. notme

    notme Well-Known Member

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    That's based on nothing. I've not seen Trumps economic plan of 2017.
     
  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    I didn't say "free".
     
  9. notme

    notme Well-Known Member

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    I say it aint free. You disagree and say it's a fee.
    Seriously. You're nitpicking insanely.
     
  10. Bluesguy

    Bluesguy Well-Known Member Donor

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    They passed it as a FEE not FREE, learn the difference. And the SCOTUS said it wasn't a fee but a tax making it unconstitutional.
     
  11. notme

    notme Well-Known Member

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    There literally is no difference between "NOT Free" and "a fee". I've always have stated that Obamacare is build on raising taxes and spending it. And so it's an economic plan.
     
    Last edited: Nov 9, 2018
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    No that is a health insurance plan and how it was to be funded, you might as well be claiming SS is an economic plan. And the fact that it was a tax makes it unconstitutional. That is why the Democrats tried to pass it as a "fee" instead of a "tax".
     
    Last edited: Nov 9, 2018
  13. Distraff

    Distraff Well-Known Member

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    That is just a projection. Economic projections have been wrong a lot so you can't base your whole argument on a projection. One reason they expect inflation to fall to 2% is because they expect GDP growth to fall to 1.8% in the long-term.
    https://www.cnbc.com/2018/09/26/fed...nomic-growth-unchanged-at-1point8percent.html

    In the short-term however economists project inflation to rise to 2.5% by the end of the year.
    https://www.kiplinger.com/article/business/T019-C000-S010-inflation-rate-forecast.html

    You have no evidence that real wage growth will go much higher than .8%.

    If you look at wage growth and inflation under some periods of Obama wage growth was higher. For example in Jan 2016 inflation was 1.4% and wage growth was 2.55% which means 1.15% real wage growth for 2015.
    https://www.marketwatch.com/story/a...e-focus-of-upcoming-us-jobs-report-2018-03-08
    https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
     
  14. Distraff

    Distraff Well-Known Member

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    Real wage growth as of right now is .8% which is comparable to the kind of lackluster growth was saw under Obama's second term. The economy is doing great, but its mostly going to the top.
     
  15. Distraff

    Distraff Well-Known Member

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    I think that Trump is also failing to give us long-term solutions to many of our problem. Real wage growth for workers is very low even when the economy is booming and we need to make sure that real wage growth booms when the economy booms.
     

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