Showing posts with label Donald Trump 2019. Show all posts
Showing posts with label Donald Trump 2019. Show all posts
Sunday, December 29, 2019
Thursday, December 26, 2019
Monday, December 23, 2019
Pay increases for the bottom 80% of workers under Trump still lag those under George W. Bush at 2.9% vs. 3.2%
Average increases year over year through November 2019 and all of 2017 and 2018 average just 2.9% vs. Bush 43's 8-year average of 3.2%.
Yet all we hear is how this is the greatest economy ever, the greatest economy in decades, yada yada yada.
It's all BS.
It's the best economy in about eight years for your average worker, but still not as good as it was under Bush 43.
It's the best economy in about eight years for your average worker, but still not as good as it was under Bush 43.
Sunday, December 22, 2019
Horsecrap from The Washington Free Beacon: "The economy is gangbusters" when it's actually underperforming the post-war by over 50%
Here.
Through 3Q2019 the US economy over the last ten years as measured by the compound annual growth rate from 3Q2009 and using the government's own gross domestic product measure known as GDPC1 is underperforming the previous 62 year period from 3Q1947 until 3Q2009 by 29.39%.
We're growing at 2.33% now vs. 3.3% then, and that calculation removes the worst of the 2008 debacle from the now column and puts it in the then column.
If we measured as we really ought to from the previous peak in 4Q2007 and included the downturn in the now column, the picture is much much worse.
To keep it simple the full 12 years from 3Q2007 through 3Q2019 (third estimate just reported) comes in at a miserable 1.67% vs. the previous 60 year period at 3.47%. In other words, this so-called gangbusters economy is really underperforming the post-war by 51.87%.
We're not even half as good as we used to be.
We're growing at 2.33% now vs. 3.3% then, and that calculation removes the worst of the 2008 debacle from the now column and puts it in the then column.
If we measured as we really ought to from the previous peak in 4Q2007 and included the downturn in the now column, the picture is much much worse.
To keep it simple the full 12 years from 3Q2007 through 3Q2019 (third estimate just reported) comes in at a miserable 1.67% vs. the previous 60 year period at 3.47%. In other words, this so-called gangbusters economy is really underperforming the post-war by 51.87%.
We're not even half as good as we used to be.
The only thing that is going gangbusters right now is Trump cheerleaders from Andy Puzder to Rush Limbaugh and all the usual idiots in between trying to make a silk purse out of a sow's ear.
Thinking Americans are not fooled.
Thinking Americans are not fooled.
Stampede into Roth IRAs expected after passage of Secure Act in massive spending bill signed by Trump limits "stretch IRAs"
People who have saved $1 million or more in an IRA and plan to pass
it on to someone other than their spouses should consider doing Roth
conversions, said Ed Slott, president of Ed Slott & Co., which
specializes in IRA education and training. For instance, if their children inherit the IRAs, they would likely
receive them and face the tax consequences during their prime earning
years. "It's a big tax hit," Mr. Slott said. "Beneficiaries can let the money accumulate tax-free in a Roth." Investment advisers are going to put a premium on Roth conversions. ...
Roth conversions also would benefit the government, which would get
tax revenue more quickly than it would under IRA distributions. But the
change in stretch IRA policy under the SECURE Act will upset many estate
plans that were written based on children being able to hold onto IRAs
for their lifetimes. "I call this section of the SECURE Act the broken promise," Mr. Slott
said. "It's like they changed the rules in the ninth inning."
More here.
79 Republicans in the US House voted for this POS hidden in the bill entitled "National Law Enforcement Museum Commemorative Coin Act".
How would you even know?
By forcing the hands of millions of older Americans with estate plans in place for their non-spouse beneficiaries, the government obviously hopes to reap a windfall of tax revenue generated by their conversion of tax-protected traditional IRAs and 401k plans into taxable Roths, knowing the temporary umbrella provided by the lower Trump tax rates expiring in ten years will be an added incentive.
These bastards are wily.
Saturday, December 21, 2019
The saddening thing about Robert De Niro is that his director doesn't get that Trump has already humiliated himself
The script needs a complete rewrite.
Lunch box Joe promises to sacrifice blue collar workers on the altar of a green economy
All Democrats had to do is run sane, normal people for president to beat Trump, and they can't find any.
Friday, December 20, 2019
Donald Trump, the ultimate cuck, signs another spending bill the likes of which he said he would never sign again, after being impeached no less
Donald Trump, the left's pathetic butt boy.
Hey Rush, what's undeniable is that Trump's GDP is no better than Obama's pathetic GDP
2% in 3Q2019 reported today, when Trump promised 4%, even 5%. Ain't happening. All we get is more of the same meh, 2.9% tops in 2018.
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Thursday, December 19, 2019
McConnell can't do anything relative to impeachment because the House hasn't followed through
Technically there is no impeachment until the House gives the Senate the articles.
So, as far as the Senate is concerned, nothing has happened.
If the Senate acts in any way other than to pretend nothing has happened, it will be muddying the constitutional waters.
Trump should go golfing with Mitch. Or better yet, to the horse races.
Akshully, Trump has not yet been impeached
Nancy has to send managers over to the Senate with the articles of impeachment before Trump can be said to be impeached.
So, keep holdin' 'em, Nancy! You are doing God's work!
Prediction: Nancy Pelosi will hold the articles of impeachment through the November 2020 election in order to get the Senate back in Democrat hands
After which she'll send the articles up to the Senate and get Trump convicted and expelled.
Her justification will be McConnell refusing to give Supreme Court nominee Merrick Garland a hearing in 2016.
It's a gamble because the articles will have to be reauthorized in the next Congress, and presumes a Democrat sweep of both chambers. But what have they got to lose, except failure now or failure later?
Better to fail later and try to make political hay now while the sun shines.
It's a gamble because the articles will have to be reauthorized in the next Congress, and presumes a Democrat sweep of both chambers. But what have they got to lose, except failure now or failure later?
Better to fail later and try to make political hay now while the sun shines.
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