American Politics

[EihTooms]

regarding jobs and wages.

The preceding doesn't seem reasonable to me.

I've had 5 or 6 Pfizer and Moderna shots and have never to my knowledge gotten COVID. That said, natural immunity from COVID infections may be more effective than the vaccines in preventing severe disease. Practically everyone's had the disease and / or the vaccine. We all have some immunity, and COVID's not nearly the threat it was. Finally, Paxlovid, which is readily available in the USA, is effective at preventing severe disease if taken soon after symptoms arise.

So, IF Trump were trying to convince people not to get vaccinated, the effect on public health probably wouldn't be significant. However, I don't think he's doing that. Trump encouraged people to get vaccinated. He was boo'ed at one of his rallies in Dallas for doing that. Since I don't buy into your prior explanations of how he caused the pandemic, this doesn't seem reasonable to me either.

As to the matter at hand, your sources are old. When corporations have more money to save, invest and spend in the private sector in the USA as a result of changes in the tax code, the effect isn't immediate. It's cumulative. If a company was paying tax at a rate of 40% of income (state + federal) before the tax cut and 26% afterwards, it has 14% more income available annually. That additional money is invested and otherwise recycled every year.

Your first source, an engineer writing in Forbes, says there were $2. 8 trillion stashed by USA Companies abroad which they hadn't brought back to the USA, in large part because, before the TCJA, they'd have to pay tax on the remittances. She says corporate buybacks were $200 billion more in the first three quarters of 2018, after the TCJA went into effect, than the first three quarters of 2017. Well, it's not uncommon for total S&P 500 buybacks to vary up or down by $200 billion a year. They were for example about $500 billion higher in the 12 months ending March 31 2022 versus the prior yearly period.

Second, if the $200 billion, or some larger amount went to buybacks, that's a good thing. It's money sitting in foreign bank accounts that's now largely sloshing around in the USA, being used for investments, savings and consumption here instead of elsewhere. The effect on our economy is positive.

Thirdly, Knott says that aggregate capital investment increased 8. 8% over 2017 while R&D investment grew 12.5%. That's not shabby at all, although for a single year, like the remittance, it's hard to say how much the TCJA had to do with that. Again, corporations don't change capital spending and other plans on a dime. It takes some time if you're going to build a new factory for example before you spend the money and hire the contractors.

Trump's instincts about the economy and business are better than at least 95% of Democratic Party politicians. But he's not the brightest bulb on the planet. I'd put his comments described in the Reuters article in the same category as his proposal to impose new across-the-board 10% tariffs into effect on imports. That doesn't make a lot of sense.

Gretchen Frazee, who wrote this, seems to write more about COVID than anything else. Women's sports is high on her agenda too. The survey in question kicked off on December 17 ,2018 and went to January 9, 2019. So again, given the changes took effect on January 1, 2018, that's not much time for corporations to change their hiring and investment.

Frazee writes, "Half of the survey's respondents from companies in the "goods-producing" sector which includes mining, construction and manufacturing said they accelerated investments because of the tax cuts. Twenty percent of companies in those industries said they redirected hiring and investment from foreign countries to the United States. ".

It would be interesting to see what the answers to the questions would have been a year later, in January, 2020. I don't see the TCJA addressed in the NABE's summary for that survey though.

That's probably a good thing. I don't believe it makes sense to mandate minimum wages at the national level. You wouldn't want it the same for Seattle and Jackson Mississippi for example. But yeah, it's great when more people are getting a living wage, without having to work 80 hours a week.

I don't believe these changes in 2020 made much of a difference, because so few people receive the minimum wage. At the national level, I'm reading something like 1. 9% of hourly workers get the federal minimum, and hourly workers are 55% of total workers. Yes, the percentage would be higher, taking into account state and local minimums. But still did this make a significant difference in median household income or average hourly wages? I'd suspect not. Anyway if you come across anything more detailed, it would be interesting to see.

Wasn't this your admission about your link not supporting the notion that Trump and his Repubs' TCJA measurably increased hiring or wages? And certainly not by 2020, the last year of Trump's so-called presidency and when his years' long efforts to identify and facilitate the inevitable Great Repub Economic Crash and Massive Jobs Destruction as is required of all Repub potuses came to fruition?

They estimate "a long-run increase in domestic corporate capital of roughly 7. 4% due to the TCJA's corporate provisions. " I'm not saying that means the changes in corporate taxation will necessarily increase the number of people employed by 7. 4% -- that would imply an unemployment rate of less than 0% if there's no increase in the labor force participation rate. But it darn sure means the corporate tax changes result in a decrease in unemployment and higher wages. They didn't quantify that in the paper, and in fact conclude by saying further research into the effect on income of workers as a result of the TCJA is warranted.

So then you nitpick over my link that substantiates unequivally that wages were raised and how they were raised in dozens of states and cities in 2020. Mostly blue states and blue cities, where the vast majority of the Labor Force of the United States of America reside anyway. LOL.

How does raising the minimum wage of a relatively small percent of the labor force matter to the overall increase in wages and bring more workers into the force?

Well, first of all it did it a damn sight better, more effectively and provably so than anything you have ever shown that idiotic TCJA did.

Second, raising the minimum wage for new, entry and lower level jobs will logically force employers to raise the wages of those who have been working for them for years in higher level, higher responsibility jobs. This generates a ripple effect. Similar to the ripple effect we all just saw the UAW create in the auto industry where even non union manufacturers had to up their game with their employees too or risk losing them. If a longer term and presumably more experienced and skilled employee can more easily walk away (those are called "quits" in the labor market) and start fresh at another company with at least some assurance that he / she will be paid a livable wage after the minimum wage has been raised, that employer had better start sweetening the deal for that level of worker as well.

See, this notion that Wingers conjure up to flatter their ego and sell that BS to the masses about that idiotic Repub Supply-Side / Trickle-Down tax and economic philosophy is "good" for lower and middle income earners too and not just applied to make it easier for CEOs to set aflame $1000 bills to light their cigars utterly misses the Real World detail that the last thing most major corporations and companies want to do is hire more employees. They do so when they HAVE TO if it looks like they will not have plenty of those $1000 bill cigar lighters in their future unless they do. Just because Trump and every other Repub puts extra cash in their pocket does not inspire them to hire one more American with it.

LOL. So Trump dared to reverse his pitch that getting a vaccine is unnecessary, naturally got booed for it by his cult followers who never heard him utter such a thing before, and that so terrified him he never uttered it in public again.

Meanwhile:

New COVID Strain May Evade Vaccines, Alarming Health Officials.
Aug. 24, 2023

https://www.webmd.com/covid/news/202...alth-officials

Yep, if Trump, his cult followers in and out of the Repub Pink Now Smaller Tinkle House and Senate, DeSantis. RFK Jr and Bill Maher can see to it that just 50,000 - 60,000 more Americans die from Trump's Pandrmic by mocking or denigrating known mitigation and vaccine efforts, they will have successfully Mass Murdered more Americans than were killed in all the military conflicts since and including the Civil War.

[Tiny 12]

Florida Repub Party Chairman (FRPC) and his wife the head of Mom's for Liberty, accused of Sexual Battery and Rape.

Florida GOP chair under investigation related to sexual battery allegation
https://www.nbcnews.com/politics/pol...ery-rcna127430

Let's be clear, Christian and Bridget Ziegler couple, are seen as one of architects of the Mom's for Liberty movement, responsible for going around Florida banning LGTBQ books (among others), Storybook Hour and the myriad of lies, accusing liberals of being "groomers" and "pedophiles".

Meanwhile, they're engaging in their very own LGBTQ sex tryst going on for 3-years, that has now ended in a very public case of rape, sexual abuse, battery and harassment. The 13-page
allegations, appear to be very strong and credible, sources report.

The Florida Repub Party Chairman and right-wing Mom's for Liberty movement, must be the American "cesspool", dear old House Speaker Rep.Mike Johnson (R-LA), was praying for God, to rid America off?

Bridget Ziegler in a threesome! Nice!

https://www.yourobserver.com/news/20...rd-district-1/

The woman who's accusing Christian Ziegler of rape was involved in a love triangle with him and his wife Bridget. She was upset when Ziegler showed up at her house without Bridget and had sex with her without a condom. She apparently had the hots for Bridget, not Christian. This may indeed be rape, or it may be another example of what Elvis has repeatedly cautioned us about: sex with bat shit crazy American women.

[Tiny 12]

Of course tax cuts actually do matter. Dem tax cuts and stewardship produce historic recoveries, meaningful economic expansion and historic job gains while Repub tax cuts and stewardship produce massive job losses, Great Depressions, Great Recessions and skyrocketing deficits.

That is one of the main reasons I have voted Dem straight down every ballot, never for a Repub and never for another Party candidate for any office since the middle of Reagan's first so-called presidential term.

Aside from those TCJA Corporate Tax Cuts being turned right around into stock buy-backs and NOT into creating a meaningful number of jobs, Trump's only other "accomplishment" in his 4 years as so-called president was spending 2018,2019 and 2020 making sure America and the rest of the world was left bare-ass naked against the emergence and spread of a deadly airborn virus that so far has killed almost as many Americans as were killed in The Civil War, WWI, WWII, The Korean War and Ike's Vietnam War COMBINED.

The preceding doesn't seem reasonable to me.

If he continues to convince any idiot who believes him that vaccines are not necessary to combat whatever new mutation of Trump's Pandemic virus developes over the next couple of years it is possible the number of Americans he will have Mass Murdered due to his horrific economic and national security policies and stewardship will far surpass all the number of American deaths in every military conflict since the Republican Party was conjured up in the mid 1850's.

I've had 5 or 6 Pfizer and Moderna shots and have never to my knowledge gotten COVID. That said, natural immunity from COVID infections may be more effective than the vaccines in preventing severe disease. Practically everyone's had the disease and / or the vaccine. We all have some immunity, and COVID's not nearly the threat it was. Finally, Paxlovid, which is readily available in the USA, is effective at preventing severe disease if taken soon after symptoms arise.

So, IF Trump were trying to convince people not to get vaccinated, the effect on public health probably wouldn't be significant. However, I don't think he's doing that. Trump encouraged people to get vaccinated. He was boo'ed at one of his rallies in Dallas for doing that. Since I don't buy into your prior explanations of how he caused the pandemic, this doesn't seem reasonable to me either.

Why The Tax Cuts And Jobs Act (TCJA) Led To Buybacks Rather Than Investment

https://www.forbes.com/sites/annemar...h=455e5a2e37fb

As to the matter at hand, your sources are old. When corporations have more money to save, invest and spend in the private sector in the USA as a result of changes in the tax code, the effect isn't immediate. It's cumulative. If a company was paying tax at a rate of 40% of income (state + federal) before the tax cut and 26% afterwards, it has 14% more income available annually. That additional money is invested and otherwise recycled every year.

Your first source, an engineer writing in Forbes, says there were $2. 8 trillion stashed by USA Companies abroad which they hadn't brought back to the USA, in large part because, before the TCJA, they'd have to pay tax on the remittances. She says corporate buybacks were $200 billion more in the first three quarters of 2018, after the TCJA went into effect, than the first three quarters of 2017. Well, it's not uncommon for total S&P 500 buybacks to vary up or down by $200 billion a year. They were for example about $500 billion higher in the 12 months ending March 31 2022 versus the prior yearly period.

Second, if the $200 billion, or some larger amount went to buybacks, that's a good thing. It's money sitting in foreign bank accounts that's now largely sloshing around in the USA, being used for investments, savings and consumption here instead of elsewhere. The effect on our economy is positive.

Thirdly, Knott says that aggregate capital investment increased 8. 8% over 2017 while R&D investment grew 12.5%. That's not shabby at all, although for a single year, like the remittance, it's hard to say how much the TCJA had to do with that. Again, corporations don't change capital spending and other plans on a dime. It takes some time if you're going to build a new factory for example before you spend the money and hire the contractors.

Trump slams companies for using U.S. tax credit to buy back stocks

https://www.reuters.com/article/us-h...idUSKBN2173HY/

Trump's instincts about the economy and business are better than at least 95% of Democratic Party politicians. But he's not the brightest bulb on the planet. I'd put his comments described in the Reuters article in the same category as his proposal to impose new across-the-board 10% tariffs into effect on imports. That doesn't make a lot of sense.

Did Trumps tax cuts boost hiring? Most companies say no

https://www.pbs.org/newshour/economy...mpanies-say-no

Gretchen Frazee, who wrote this, seems to write more about COVID than anything else. Women's sports is high on her agenda too. The survey in question kicked off on December 17 ,2018 and went to January 9, 2019. So again, given the changes took effect on January 1, 2018, that's not much time for corporations to change their hiring and investment.

Frazee writes, "Half of the survey's respondents from companies in the "goods-producing" sector which includes mining, construction and manufacturing said they accelerated investments because of the tax cuts. Twenty percent of companies in those industries said they redirected hiring and investment from foreign countries to the United States. ".

It would be interesting to see what the answers to the questions would have been a year later, in January, 2020. I don't see the TCJA addressed in the NABE's summary for that survey though.

24 states will raise the minimum wage in 2020

https://www.cnn.com/2019/12/28/us/mi...rnd/index.html

That's probably a good thing. I don't believe it makes sense to mandate minimum wages at the national level. You wouldn't want it the same for Seattle and Jackson Mississippi for example. But yeah, it's great when more people are getting a living wage, without having to work 80 hours a week.

I don't believe these changes in 2020 made much of a difference, because so few people receive the minimum wage. At the national level, I'm reading something like 1. 9% of hourly workers get the federal minimum, and hourly workers are 55% of total workers. Yes, the percentage would be higher, taking into account state and local minimums. But still did this make a significant difference in median household income or average hourly wages? I'd suspect not. Anyway if you come across anything more detailed, it would be interesting to see.

[Spidy]

Florida Repub Party Chairman (FRPC) and his wife the head of Mom's for Liberty, accused of Sexual Battery and Rape.

Florida GOP chair under investigation related to sexual battery allegation
https://www.nbcnews.com/politics/pol...ery-rcna127430

Let's be clear, Christian and Bridget Ziegler couple, are seen as one of architects of the Mom's for Liberty movement, responsible for going around Florida banning LGTBQ books (among others), Storybook Hour and the myriad of lies, accusing liberals of being "groomers" and "pedophiles".

Meanwhile, they're engaging in their very own LGBTQ sex tryst going on for 3-years, that has now ended in a very public case of rape, sexual abuse, battery and harassment. The 13-page
allegations, appear to be very strong and credible, sources report.

The Florida Repub Party Chairman and right-wing Mom's for Liberty movement, must be the American "cesspool", dear old House Speaker Rep.Mike Johnson (R-LA), was praying for God, to rid America off?

[EihTooms]

You're a smart guy but you overemphasize trends and just look at one variable in trying to explain GDP growth, employment and the like: the party of the president. Please note I said PART of the reason were the changes in corporate taxation and deregulation. As I've mentioned countless times, external events (for example oil shocks and a pandemic), globalization, changes in technology, demographic changes and Fed policy have more influence on the economy than the president. Still I don't think the unemployment rate would have been as low or middle class wages would have been as high at the start of COVID, or at the end of Trump's presidency, or today if not for the corporate tax changes. And deregulation helped too.

This graph of real median household income is interesting too.

https://fred.stlouisfed.org/series/MEHOINUSA672N

When COVID hit the workingman was finally making gains. He was treading water from 2000 to 2015, but then income popped upwards. COVID though intervened, and then high inflation in goods and services outpaced wage gains, and we gave a lot of it back.

You want to know why wages were increasing and the workingman was finally making gains when Trump's efforts in 2018,2019 and all through 2020 finally produced Trump's Pandemic and all of the worldwide economic fallout from it?

Here is why. And it not only had nothing to do with his and his Party's idiotic TCJA. It had everything to do with something Repubs generally OPPOSE:

Trumps disappearing populism was on full display at Thursdays debate.
From the minimum wage to taxes, hes a boring Republican now.

https://www.vox.com/2020/10/22/21529...um-wage-debate

24 states will raise the minimum wage in 2020

https://www.cnn.com/2019/12/28/us/mi...rnd/index.html

On New Years Day, 20 states and 26 cities and counties, mostly in California, will raise the minimum wages. Four more states and 23 more cities and counties will join later in the year, according to NELP.

These increases will put much-needed money into the hands of the lowest-paid workers, many of whom struggle with high and ever-increasing costs of living, wrote researcher and policy analyst Yannet Lathrop in a blog post announcing the new wages.

[EihTooms]

Nothing "whatsoever done, thought, said, proposed, passed or farted by Donald J. Trump"? Au contraire. See this recent paper from the National Bureau of Economic Research, authored by economists from Harvard, Princeton, the University of Chicago and the Treasury Department.

https://conference.nber.org/conf_papers/f191672.pdf

They estimate "a long-run increase in domestic corporate capital of roughly 7. 4% due to the TCJA's corporate provisions. " I'm not saying that means the changes in corporate taxation will necessarily increase the number of people employed by 7. 4% -- that would imply an unemployment rate of less than 0% if there's no increase in the labor force participation rate. But it darn sure means the corporate tax changes result in a decrease in unemployment and higher wages. They didn't quantify that in the paper, and in fact conclude by saying further research into the effect on income of workers as a result of the TCJA is warranted.

Another interesting conclusion is that by the end of the 10 year budget window (by 2028), the effect of corporate revenue gains and higher labor taxes (as a result of higher employment and wages) offset the drop in the corporate rate. In the long term, everybody wins. The corporations generate higher revenues, there are more jobs and higher pay, and the blood suckers in Washington, D.C., while losing revenue during the early years after the cut, end up even at the end of 10 years.

Democrat economist Jason Furman is convinced:

"The new study has economists buzzing on the platform formerly known as Twitter. "These are the most convincing estimates of the response of investment to corporate tax rates that I've ever seen," says Harvard's Jason Furman, former chairman of the Council of Economic Advisers during the Obama administration. He is not among the study authors but describes the findings in a series of posts on X:

Taxes actually do matter. Companies that saw larger reductions in tax rates from the TCJA also experienced larger increases in investment in the years that followed. ".

https://www.wsj.com/articles/the-tru...orked-7670b723

Of course tax cuts actually do matter. Dem tax cuts and stewardship produce historic recoveries, meaningful economic expansion and historic job gains while Repub tax cuts and stewardship produce massive job losses, Great Depressions, Great Recessions and skyrocketing deficits.

That is one of the main reasons I have voted Dem straight down every ballot, never for a Repub and never for another Party candidate for any office since the middle of Reagan's first so-called presidential term.

Aside from those TCJA Corporate Tax Cuts being turned right around into stock buy-backs and NOT into creating a meaningful number of jobs, Trump's only other "accomplishment" in his 4 years as so-called president was spending 2018,2019 and 2020 making sure America and the rest of the world was left bare-ass naked against the emergence and spread of a deadly airborn virus that so far has killed almost as many Americans as were killed in The Civil War, WWI, WWII, The Korean War and Ike's Vietnam War COMBINED.

If he continues to convince any idiot who believes him that vaccines are not necessary to combat whatever new mutation of Trump's Pandemic virus developes over the next couple of years it is possible the number of Americans he will have Mass Murdered due to his horrific economic and national security policies and stewardship will far surpass all the number of American deaths in every military conflict since the Republican Party was conjured up in the mid 1850's.

Why The Tax Cuts And Jobs Act (TCJA) Led To Buybacks Rather Than Investment

https://www.forbes.com/sites/annemar...h=455e5a2e37fb

Trump slams companies for using U.S. tax credit to buy back stocks

https://www.reuters.com/article/us-h...idUSKBN2173HY/

Did Trumps tax cuts boost hiring? Most companies say no

https://www.pbs.org/newshour/economy...mpanies-say-no

[Tiny 12]

You're a smart guy but you overemphasize trends and just look at one variable in trying to explain GDP growth, employment and the like: the party of the president. Please note I said PART of the reason were the changes in corporate taxation and deregulation.As I've mentioned countless times, external events (for example oil shocks and a pandemic), globalization, changes in technology, demographic changes and Fed policy have more influence on the economy than the president. Still I don't think the unemployment rate would have been as low or middle class wages would have been as high at the start of COVID, or at the end of Trump's presidency, or today if not for the corporate tax changes. And deregulation helped too.

Any intelligent person can look at those links and charts and immediately see that NONE of the Real Wage Growth and NONE of the Unemployment Rate Declnes could possibly have been "caused" by anything whatsoever done, thought, said, proposed, passed or farted by Donald J. Trump. Which is the BS you tried to float, apparently assuming only representatives of Fux, Newsmax, Breitbart, NYT, CNN, MSNBC, ABC News, NBC News, CBS News and Bill Maher himself would read it and happily allow you to get away with it.

Sorry.

Trump's Pandemic, that Recession in the grey area of the chart when, naturally, prices for almost everything no one had access to anyway plunged and that huge spike in the Unemployment Rate, yes, you can give Trump all the credit you want for those. I give him at least 90% credit for them.

But those other beautifully positive trajectories that were already rock solid steamrolling for YEARS prior and into his first couple of years in office, nope.

Nothing "whatsoever done, thought, said, proposed, passed or farted by Donald J. Trump"? Au contraire. See this recent paper from the National Bureau of Economic Research, authored by economists from Harvard, Princeton, the University of Chicago and the Treasury Department.

https://conference.nber.org/conf_papers/f191672.pdf

They estimate "a long-run increase in domestic corporate capital of roughly 7. 4% due to the TCJA's corporate provisions. " I'm not saying that means the changes in corporate taxation will necessarily increase the number of people employed by 7. 4% -- that would imply an unemployment rate of less than 0% if there's no increase in the labor force participation rate. But it darn sure means the corporate tax changes result in a decrease in unemployment and higher wages. They didn't quantify that in the paper, and in fact conclude by saying further research into the effect on income of workers as a result of the TCJA is warranted.

Another interesting conclusion is that by the end of the 10 year budget window (by 2028), the effect of corporate revenue gains and higher labor taxes (as a result of higher employment and wages) offset the drop in the corporate rate. In the long term, everybody wins. The corporations generate higher revenues, there are more jobs and higher pay, and the blood suckers in Washington, D.C., while losing revenue during the early years after the cut, end up even at the end of 10 years.

Democrat economist Jason Furman is convinced:

"The new study has economists buzzing on the platform formerly known as Twitter. "These are the most convincing estimates of the response of investment to corporate tax rates that I've ever seen," says Harvard's Jason Furman, former chairman of the Council of Economic Advisers during the Obama administration. He is not among the study authors but describes the findings in a series of posts on X:

Taxes actually do matter. Companies that saw larger reductions in tax rates from the TCJA also experienced larger increases in investment in the years that followed. ".

https://www.wsj.com/articles/the-tru...orked-7670b723

[EihTooms]

You're a smart guy but you overemphasize trends and just look at one variable in trying to explain GDP growth, employment and the like: the party of the president. Please note I said PART of the reason were the changes in corporate taxation and deregulation. As I've mentioned countless times, external events (for example oil shocks and a pandemic), globalization, changes in technology, demographic changes and Fed policy have more influence on the economy than the president. Still I don't think the unemployment rate would have been as low or middle class wages would have been as high at the start of COVID, or at the end of Trump's presidency, or today if not for the corporate tax changes. And deregulation helped too.

This graph of real median household income is interesting too.

https://fred.stlouisfed.org/series/MEHOINUSA672N

When COVID hit the workingman was finally making gains. He was treading water from 2000 to 2015, but then income popped upwards. COVID though intervened, and then high inflation in goods and services outpaced wage gains, and we gave a lot of it back.

Any intelligent person can look at those links and charts and immediately see that NONE of the Real Wage Growth and NONE of the Unemployment Rate Declnes could possibly have been "caused" by anything whatsoever done, thought, said, proposed, passed or farted by Donald J. Trump. Which is the BS you tried to float, apparently assuming only representatives of Fux, Newsmax, Breitbart, NYT, CNN, MSNBC, ABC News, NBC News, CBS News and Bill Maher himself would read it and happily allow you to get away with it.

Sorry.

Trump's Pandemic, that Recession in the grey area of the chart when, naturally, prices for almost everything no one had access to anyway plunged and that huge spike in the Unemployment Rate, yes, you can give Trump all the credit you want for those. I give him at least 90% credit for them.

But those other beautifully positive trajectories that were already rock solid steamrolling for YEARS prior and into his first couple of years in office, nope.

[Tiny 12]

Uh. Real Weekly Wages. That would be adjusted for inflation, right?

Real Weekly Wages were already climbing in an upward trajectory under Obama-Biden YEARS before Trump's one and only economic "stimulus" legislation went into effect in 2018. And the only reason there was a momentary spike in that "adjusted for inflation" part of it in early 2020 was because prices of everything else were crashing due to Trump's Pandemic. Yeah, anyone who still had a job that paid wages could buy gas really, really cheap and not go anywhere thanks to Trump's necessary closures at the time. See link and screenshot below:

https://fred.stlouisfed.org/series/LES1252881600Q

Uh. The unemployment rate had been declining steadily and dramatically under Obama-Biden YEARS before Trump's one and only economic "stimulus" legislation went into effect in 2018. Oh, and please note the gigantic spike in the unemployment rate right about the same time those "adjusted for inflation" wages some lucky few were still receiving momentarily spiked up after Trump's other decisions in 2018 and 2019 and his lying about it all through 2020 created and exacerbated Trump's Pandemic. See link and screenshot below:

https://www.bls.gov/charts/employmen...yment-rate.htm

You have a truly bizarre concept of "cause and effect" that seems to find a "cause" for things under Trump / Repubs that came into "effect" YEARS earlier after Dems shouldered all the heavy lifting and assumed all the political risk to make it happen.

As is so very common among Repubs anyway. And the saddest part is that you Repubs continually attribute those Dem acheivements you're always taking credit for to the very Repub tax policies, lax enforcement of regulations and horrible economic stewardship that has plunged America into every Great Depression, Great Recession, Massive Jobs Destruction and NONE of the Great Recoveries, Historic Expansions and Historic Job Gains of the past 100 years or so.

It is truly astonishing but understandable why typically pro Repub Mainstream Media let you get away with it.

You're a smart guy but you overemphasize trends and just look at one variable in trying to explain GDP growth, employment and the like: the party of the president. Please note I said PART of the reason were the changes in corporate taxation and deregulation. As I've mentioned countless times, external events (for example oil shocks and a pandemic), globalization, changes in technology, demographic changes and Fed policy have more influence on the economy than the president. Still I don't think the unemployment rate would have been as low or middle class wages would have been as high at the start of COVID, or at the end of Trump's presidency, or today if not for the corporate tax changes. And deregulation helped too.

This graph of real median household income is interesting too.

https://fred.stlouisfed.org/series/MEHOINUSA672N

When COVID hit the workingman was finally making gains. He was treading water from 2000 to 2015, but then income popped upwards. COVID though intervened, and then high inflation in goods and services outpaced wage gains, and we gave a lot of it back.

[EihTooms]

(Skip)
You really don't belong in the MAGA movement by the way. There were three planks to Trumps economic policy. One was a bad idea, the tariffs. The other two, lower corporate taxes and deregulation, where championed by Charles Koch and Nick Gillespie, along with President Trump. They were part of the reason why real weekly wages went up about the same during Trumps four years in office as they did in the prior 30 years. And why unemployment levels were down to levels last seen in the 1960s before COVID hit. As best as I can tell, you want to stick it to the corporations and ramp up the regulation. You're part of the MAMA (Make America Mediocre Again) movement championed by Jimmy Carter. Or maybe the MAP (Make America Poor) movement favored by Communists and our foreign adversaries.

This is hilarious:

"And yes I will repeat "people" that are pathologically selfish are PURE EVIL and will burn in hell."

Who's the quintessential pathologically selfish personality in American politics? Donald Trump. He may have good instincts on the economy, except for his tariff fetish. But he doesn't give a fuck about anyone except himself, and he's shown that time and time again.

Uh. Real Weekly Wages. That would be adjusted for inflation, right?

Real Weekly Wages were already climbing in an upward trajectory under Obama-Biden YEARS before Trump's one and only economic "stimulus" legislation went into effect in 2018. And the only reason there was a momentary spike in that "adjusted for inflation" part of it in early 2020 was because prices of everything else were crashing due to Trump's Pandemic. Yeah, anyone who still had a job that paid wages could buy gas really, really cheap and not go anywhere thanks to Trump's necessary closures at the time. See link and screenshot below:

https://fred.stlouisfed.org/series/LES1252881600Q

Uh. The unemployment rate had been declining steadily and dramatically under Obama-Biden YEARS before Trump's one and only economic "stimulus" legislation went into effect in 2018. Oh, and please note the gigantic spike in the unemployment rate right about the same time those "adjusted for inflation" wages some lucky few were still receiving momentarily spiked up after Trump's other decisions in 2018 and 2019 and his lying about it all through 2020 created and exacerbated Trump's Pandemic. See link and screenshot below:

https://www.bls.gov/charts/employmen...yment-rate.htm

You have a truly bizarre concept of "cause and effect" that seems to find a "cause" for things under Trump / Repubs that came into "effect" YEARS earlier after Dems shouldered all the heavy lifting and assumed all the political risk to make it happen.

As is so very common among Repubs anyway. And the saddest part is that you Repubs continually attribute those Dem acheivements you're always taking credit for to the very Repub tax policies, lax enforcement of regulations and horrible economic stewardship that has plunged America into every Great Depression, Great Recession, Massive Jobs Destruction and NONE of the Great Recoveries, Historic Expansions and Historic Job Gains of the past 100 years or so.

It is truly astonishing but understandable why typically pro Repub Mainstream Media let you get away with it.

[Tiny 12]

"If you say that economic liberalism, including free trade, is a farce and should be quashed, I'm not going to say you are a full blown psychopath or Lucifer. Or that you're evil and will burn in hell for it. Or that you want to bring back slavery. That's even though most Americans and others would be worse off, while the crony capitalists who benefit from trade barriers, tariffs, and corporate subsidies would make out like bandits. I'm not going to say that because I am not a troll. Instead I would say you are misguided.

Word on the street is that a large percentage of people who don't like immigrants and other men of color are homosexual, like this dood.

https://en.wikipedia.org/wiki/Jeffrey_Dahmer

P.S. I've never fucked a dead woman or killed a live one, nor do I know anyone who has. ".

Free trade is a farce and a misnomer no less, free for whom, just call it what it is, unfair trade.

Parasites like this MAGA hating piece of shit.

https://sports.yahoo.com/citadel-bos...150044633.html#text=Citadel%20 CEO%20 Ken%20 Griffin%20 took, Investor's%2022nd%20 annual%20 Rich%20 List.

Guess what, he hates MAGA loves the CCP and open borders, HUNGER GAMES for ALL.

He didn't make that money he stole it, and should be drawn and quartered.

He may as well be printing it in his basement.

"That's even though most Americans and others would be worse off" so tell me who the fuck are these others you're so "worried" about? The slaves of the CCP?

https://en.wikipedia.org/wiki/Foxconn_suicides

Do you know their solution? Install nets to catch the jumpers, and send them right back to their slot on the line!!

You sound as anti American as they get.

And yes I will repeat "people" that are pathologically selfish are PURE EVIL and will burn in hell.

People like Chas Koch (Montgomery Burns on steroids) or Nick Gillespie et al."

You're all over the place aren't you.

Ken Griffin's Citadel Securities is a parasite. It's a market making firm, which wouldn't exist if all shares were transparently traded on stock exchanges, like they are in Tooms' adopted country and many other places. Citadel takes money out of the pockets of pension funds, mutual funds and individuals and puts it into the pockets of Griffin and his associates. They're leaches, sucking up retirees money.

Trump, Biden, other presidents and Congress should have shut down this racket long ago but they haven't. You seem to be a big fan of crony capitalism that goes with tariffs and trade barriers, so its surprising youre complaining about this.

Your link to Foxconn suicides shows one or two occurring in some years since 2012. Foxconn has around 600,000 employees in China and the suicide rate there is about 10 per 100,000. So you'd expect about 60 suicides among Foxconn employees annually. Wikipedia didn't come up with near that many in any year. So what's your point?

Mine would be that the work done, mostly by women, in factories where consumer electronics and garments and the like are manufactured, is mind numbingly dull and repetitive. Americans don't want to do it. Yeah, if you want to create a suicide epidemic in America, you might just be able to do it with 100% made in the USA laws.

A little less than half of what we import are parts and the like that we incorporate into items made here. The value added for many products in the USA is multiples of what we pay for parts and components from other countries. Everyone's better off if we leave the rinky dink, repetitive manufacturing to other countries and do higher value added products and services in the USA.

The effect of tariffs and trade barriers on most Americans is negative. The overall effect is to lower wages, lower employment, and raise prices on consumers. Poorer Americans are hurt worst.

This explains it. Fat chance you'll read it, but I'll post it anyway.

https://www.cato.org/policy-analysis...ase-free-trade

Here's the storybook version.

https://www.cato.org/study/free-trade

You really don't belong in the MAGA movement by the way. There were three planks to Trumps economic policy. One was a bad idea, the tariffs. The other two, lower corporate taxes and deregulation, where championed by Charles Koch and Nick Gillespie, along with President Trump. They were part of the reason why real weekly wages went up about the same during Trumps four years in office as they did in the prior 30 years. And why unemployment levels were down to levels last seen in the 1960s before COVID hit. As best as I can tell, you want to stick it to the corporations and ramp up the regulation. You're part of the MAMA (Make America Mediocre Again) movement championed by Jimmy Carter. Or maybe the MAP (Make America Poor) movement favored by Communists and our foreign adversaries.

This is hilarious:

"And yes I will repeat "people" that are pathologically selfish are PURE EVIL and will burn in hell."

Who's the quintessential pathologically selfish personality in American politics? Donald Trump. He may have good instincts on the economy, except for his tariff fetish. But he doesn't give a fuck about anyone except himself, and he's shown that time and time again.

[MarquisdeSade1]

"If you say that economic liberalism, including free trade, is a farce and should be quashed, I'm not going to say you are a full blown psychopath or Lucifer. Or that you're evil and will burn in hell for it. Or that you want to bring back slavery. That's even though most Americans and others would be worse off, while the crony capitalists who benefit from trade barriers, tariffs, and corporate subsidies would make out like bandits. I'm not going to say that because I am not a troll. Instead I would say you are misguided.

Word on the street is that a large percentage of people who don't like immigrants and other men of color are homosexual, like this dood.

https://en.wikipedia.org/wiki/Jeffrey_Dahmer

P.S. I've never fucked a dead woman or killed a live one, nor do I know anyone who has. ".

Free trade is a farce and a misnomer no less, free for whom, just call it what it is, unfair trade.

Parasites like this MAGA hating piece of shit.

https://sports.yahoo.com/citadel-bos...150044633.html#text=Citadel%20 CEO%20 Ken%20 Griffin%20 took, Investor's%2022nd%20 annual%20 Rich%20 List.

Guess what, he hates MAGA loves the CCP and open borders, HUNGER GAMES for ALL.

He didn't make that money he stole it, and should be drawn and quartered.

He may as well be printing it in his basement.

"That's even though most Americans and others would be worse off" so tell me who the fuck are these others you're so "worried" about? The slaves of the CCP?

https://en.wikipedia.org/wiki/Foxconn_suicides

Do you know their solution? Install nets to catch the jumpers, and send them right back to their slot on the line!!

You sound as anti American as they get.

And yes I will repeat "people" that are pathologically selfish are PURE EVIL and will burn in hell.

People like Chas Koch (Montgomery Burns on steroids) or Nick Gillespie et al.

[Tiny 12]

If you think promoting evil in this country makes a president great, well I believe that qualifies you as a full blown psychopath ala Mitt the Turd.

I'm guessing you would just say fuck "free trade" now that globalism is dying and just bring back good old fashioned slavery its more "cost efficient"

Anyone that promotes "free trade"as a good thing, is pure EVIL and shall burn in HELL for it.

"RIH / rot in hell Heinz / Lucifer.

https://neurosciencenews.com/drk-triad-trolling-18825/

https://www.breitbart.com/politics/2...mat-1923-2023/

https://www.breitbart.com/politics/2...nry-kissinger/

BTW are you a Mormon? Quoting a BYU study?

https://www.jebms.org/full-text/79

Are you implying I'm trolling LOL?

Not quite, but if anyone is, that would be you writing Mitt and Jeff Flake are "great men", or Bubba was a great president because he destroyed so many American families.

By destroying the middle class and middle America.

Do you know how many people like Flake or Romney? Not many.

So that would make you guilty of being a troll.

You trolled I responded and you don't like it, well that's how it works.

So then you imply I'm a troll? WOWWW.

https://www.newsmax.com/newsfront/ch...30/id/1144320/

I really hope you vote with ET Mitt and Flake for Dirtbag Joe, and make sure to let us know how that works out.

Because MAGA doesn't need or want your vote.

If you say that economic liberalism, including free trade, is a farce and should be quashed, I'm not going to say you are a full blown psychopath or Lucifer. Or that you're evil and will burn in hell for it. Or that you want to bring back slavery. That's even though most Americans and others would be worse off, while the crony capitalists who benefit from trade barriers, tariffs, and corporate subsidies would make out like bandits. I'm not going to say that because I am not a troll. Instead I would say you are misguided.

Word on the street is that this dood is a MAGA hating Libertarian.

https://www.aol.com/news/british-inq...165839084.html

Word on the street is that a large percentage of people who don't like immigrants and other men of color are homosexual, like this dood.

https://en.wikipedia.org/wiki/Jeffrey_Dahmer

P.S. I've never fucked a dead woman or killed a live one, nor do I know anyone who has.

[MarquisdeSade1]

"RIH / rot in hell Heinz / Lucifer.

https://neurosciencenews.com/drk-triad-trolling-18825/

https://www.breitbart.com/politics/2...mat-1923-2023/

https://www.breitbart.com/politics/2...nry-kissinger/

BTW are you a Mormon? Quoting a BYU study?

https://www.jebms.org/full-text/79

Are you implying I'm trolling LOL?

Not quite, but if anyone is, that would be you writing Mitt and Jeff Flake are "great men", or Bubba was a great president because he destroyed so many American families.

By destroying the middle class and middle America.

Do you know how many people like Flake or Romney? Not many.

So that would make you guilty of being a troll.

You trolled I responded and you don't like it, well that's how it works.

So then you imply I'm a troll? WOWWW.

https://www.newsmax.com/newsfront/ch...30/id/1144320/

I really hope you vote with ET Mitt and Flake for Dirtbag Joe, and make sure to let us know how that works out.

Because MAGA doesn't need or want your vote.

[Tiny 12]

"RIH / rot in hell Heinze

https://neurosciencenews.com/drk-triad-trolling-18825/".

https://www.breitbart.com/politics/2...mat-1923-2023/

https://www.breitbart.com/politics/2...nry-kissinger/

BTW are you a Mormon? Quoting a BYU study?

https://www.jebms.org/full-text/79