Jobs are leaving faster than ever... https://shareblue.com/under-trump-american-jobs-sent-overseas-hits-five-year-record-high/
Trump Accelerates Offshoring of Jobs
- Thread starter katzgar
- Start date
The promise of the big tax break didn’t work? The people of the world are being conned by the 1%.
same annual average as usual..
nobody can stop globalization,but NAFTA and various trade agreements are still being re-negotiated.
get corportate tax rates in line with world rates and that will help.
almost 2,000,000 jobs created under Trump so far!! MAGA is just kicking in! grow the GDP
nobody can stop globalization,but NAFTA and various trade agreements are still being re-negotiated.
get corportate tax rates in line with world rates and that will help.
almost 2,000,000 jobs created under Trump so far!! MAGA is just kicking in! grow the GDP
Your gluttonous Orange Fat Ass is riding the coat tails of the Obama economy. You don't get to claim credit when modern Democratic presidents have to clean up the messes their GOP predecessors left behind.
Your pussy-grabbing President has done nothing but alienate allies, make himself look foolish, vindictive even deranged on twitter, is the most unpopular and despised first year president in recorded history, and has no major legislative accomplishments to his name to this point even though his party controls the entire federal government.
Althea
Althea told me...
Amazing. He believes the nonsense, despite all facts to the contrary.
Althea
Althea told me...
I put this in another thread, asking to have the tax cut fantasy explained.
https://www.justplainpolitics.com/showthread.php?87842-3-3-GDP-!&p=2118819#post2118819
https://www.justplainpolitics.com/showthread.php?87842-3-3-GDP-!&p=2118819#post2118819
countryboy
Verified User
Wait, the O'Bama economy couldn't produce a single year of 3% GDP growth, IN EIGHT YEARS. And now all of a sudden, it's producing two quarters in a row of 3 plus percent? Riiiiight.
do you know what a stupid post you just made? quarters and years are different things skippy
the dumbasses keep saying the deficit is bad for the economy so they come up with a tax plan that adds a trillion dollars to the deficit WTF is wrong with them?
The big tax break will go just where all the loophole money goes.... into the pockets of the CEOs and stockholders. The Trumpanzee morons really believe that cutting corporate taxes will result in more job creation. Nope, just going to lead to the deficit soaring even higher. Of course that only matters when the guy in the WH has a (D) after his name.
countryboy
Verified User
Yes, they are. Very astute observation.
floridafan
Verified User
There haven't been anywhere close to 2 million jobs created, and as to tax rates you must be proud that we are adding a trillion to our debt, and we have already been told by Corporate America that the saving from the tax bill will mostly go to paying down debt and to shareholders. Now how is that creating jobs.
Source: https://tradingeconomics.com/united-states/gdp-growth
From the above article:
"The US economy expanded an annualized 3.3 percent on quarter in the third quarter of 2017, above an advance reading of 3 percent and higher than market expectations of 3.2 percent, the second estimate from the BEA showed. It is the highest growth rate since the third quarter of 2014 when the economy advanced 5.2 percent as nonresidential fixed investment, private inventory investment and government spending were revised up."
countryboy
Verified User
False memes aside, every American with a retirement account is a stockholder. How is stockholders benefiting, a bad thing?
countryboy
Verified User
Thanks, perfect illustration of just how anemic the O'Bama economy was.
floridafan
Verified User
Yes it was so anemic that Obama job creation has outpaced that of trump every single month. It was so anemic that job outsourcing was lower under Obama also.
Oh, it's a great thing for ppl like us. Before he retired last year, my husband's annual salary was in the six figures. His investments this year made more than he did working 40 hours a week. So it's excellent for us. Not so great for the worker bees though. That's the difference I guess -- generally speaking -- between L and R. We would be okay earning less if it meant that the average working person could make more. Why's that? It's not so much altruism as it is an understanding of how the economy works. We're older and we've made most of the big purchases that people do when they're younger (house, furniture, cars, kids' toys, etc.). We don't have young kids at home to feed, clothe, entertain, educate. So we're going to park on our investments rather than spend the interest that they make. But people like my kids, who have kids of their own, are going to spend any discretionary income they get. Their spending is what creates jobs for those who provide the services or goods that they buy.
Our citizens from older generations were okay with a bit of personal sacrifice if it meant that the country as a whole prospered. Today it seems there are a lot more me-first and f the rest of you, I got mine types.
People are getting that the tax bill will add 1 trillion to the deficit. I thought you people thought the deficit is bad for the economy?
floridafan
Verified User
Its a terrible tax bill for the majority of American taxpayers.