Trump's failed economy

nytimes.com/2018/11/12/business/economy/trumps-tax-cut-was-supposed-to-change-corporate-behavior-heres-what-happened.html
>muh trickle down economics
>oy vey the 1% need their tax cuts goyim

wow guys who would have guessed that trumps economic policy of giving more money to the money hoarders wouldn't work. that sucks.

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Other urls found in this thread:

independent.co.uk/news/world/americas/us-developing-nation-regressing-economy-poverty-donald-trump-mit-economist-peter-temin-a7694726.html
wsj.com/articles/u-s-employment-costs-rise-on-better-pay-for-private-sector-workers-1540989339
youtube.com/watch?v=7omBVkZM2zE
en.wikipedia.org/wiki/Postville_raid
youtube.com/watch?v=rbFOyTr0ajQ
twitter.com/SFWRedditGifs

I guess nobody cares about this because he says politically incorrect things on twitter

>leftwing vermin lying as usual

Surprise surprise. Who said it was going to change corporate behaviour

>muh trickle down
>muh retarded strawman that the left made up

>money hoarders
Is that how leftwing faggots view successful people?

companies growing mean more jobs, which is why the unemployment rate has gone so low.

giving hundreds of thousands of people $30K-80K for actual work is a good thing.

wage growth hasn't kept up because there was a massive amount of "slack" in the job market
companies found it cheaper to lower their standards and train a bit, and a lot of people have reentered the workforce

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I don't think the point of the tax cuts were to increase wages for employees with less tax cuts. Rather it was an incentive to do more business in the United States, to thus create more jobs.

Wage stagnation has been a problem for decades now and its probably because the supply of people (More immigration, more female workers) keeps growing.

You import 1,200,000 legals per year though.

>HURR DURR RICH PEOPLE GOT A LARGER TAX BREAK THAN POOR PEOPLE THAT MEANS IT’S BAD
Rich people pay more tax generally. ALL social programs have been funded by the rich and they receive none of the benefit. The rich deserve a break every now and again, not just having to pay for the shiftless layabout niggers forever.

Also, the poor still got a tax cut, so it was still better for them. Maybe they should try to stop being such poor pieces of shit.

I work 40hrs a week managing a crew of 8 that builds remote roads. I pull my weight. I work much harder than most of the faggots that scammed/stole/inherited their wealth.

>trickle down economics
>tfw brain damaged enough to believe in $hit$tem that concocted on a napkin be rumsfeld and cheney

independent.co.uk/news/world/americas/us-developing-nation-regressing-economy-poverty-donald-trump-mit-economist-peter-temin-a7694726.html

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>wage growth has not

wsj.com/articles/u-s-employment-costs-rise-on-better-pay-for-private-sector-workers-1540989339

Trannys will kill themselves at 30.

the graph literally says that investment increased at the highest pace in almost seven years right after its passage

>implying stock buybacks are a bad thing
Fucking sick of this narrative.

The corporate tax cuts were to make us more competitive in the global game compared to corporate tax rates of other competing countries. Hahahahaha you dumb bastard...it’s not a schooner, it’s a sailboat.

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What a completely flawed and bullshit article, that was not the purpose of the tax cuts.

KYS

Trump let them repatriate their overseas stashes at a fraction of the tax rate. He's still running trillion+ dollar deficits. Americans will pay $30-50b in added interest each year on the deficit.. forever.

You are running trillion dollar deficits though. Those cuts were funded entirely with debt. You borrow more than your entire military budget now.

>literally invent a nonsense goal for Trump's economic plan
>ignore the actual successes of the plan under the actual stated goals
>DURRR TRUMP'S ECONOMY DOESN'T MAKE UNICORNS FART RAINBOWS ORANGE MAN BAD HURRR
Why are lefties so economically retarded?

people are too stupid to understand that rich people will save more if you give them more money, you want to give it to the poor cause they are more likely to spend it.

What's funny is that 57% of the tax cuts went to people making under 200k a year.

You would need to nearly double income taxes if you wanted to break even though.

You're making this up. I read that 98% of the absolute savings went to financiers and the like.

>NYT was silent about Obama bailing out the CEO's and banks that led to the recession, only for them to lay off more people and move their businesses out of the country

what fucking world do you live in you fucking piece of shit!?!? when they buy stock instead of just taking outright payment, it makes EVERYONE smart enough to talk to a fucking financial adviser at least a little bit richer. Trumps economy is B O O M I N G

Obama was elected after the recession you nigger.

>pious bullshit masquerading as economics

Can you religious fucks piss off please

No, wealthy people generate additional wealth with their excess income. By hiring people and starting new businesses.
Poor people spend more money proportional to their income, but not on things that generate wealth. They buy useless shit like cars that immediately depreciate, or blow their money on consumer items that don't generate anything.
If you've ever lived near poor people, you know that they blow their welfare checks on cars they can't afford and leave them parked in their fucking yards.

No stock prices are being artificially inflated just as they were in the early 2000's. Once it popped all the pensions/investors got cleaned for their gains.

The deficit is an issue, however, this tax plan will kind of postpone the incoming recession. This is good for Trump. He really doesn't want a recession before the elections in 2020

>wahhh I had to work harder than some people
Suck it up pussssssssyyyyy.

Shareblue shill thread, obviously... References the Jew York times.
If you feel the need to reply to such retardation then you are required to place the word "sage" in the options field above.

American interest payments already pay for the entire Chinese armed forces. Americans would need a 30% sales tax and no consumption drop it balance their budget. Americans literally borrow more than their entire military budget.

oh so now it's not Obama's economy any more?

fail lmao

You're probably not even middle class. Sad!

youtube.com/watch?v=7omBVkZM2zE

Prepare for the fed to print more money to keep this shitshow going.

But in order to print more money without inflation they need to make each dollar they print into debt.

Trump has only served the eternal enemy of mankind. His foreign policy is crafted in service of Israel and his domestic policy is crafted by and for jewish bankers. Prove me wrong.

en.wikipedia.org/wiki/Postville_raid

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Evidence once again that trump is the worst president in us history and will tank us hard. Let’s just remember this when republicans try to come at the nation again and declare that this is the Democrat’s fault.

You brainlet trump supporters should just jump off a bridge now. Safe yourselves the embarrassment of living with the fact you voted for a moron traitor and essentially committed treason by voting for him.

Capitalism only works as an economic system when growth is circulated back into nation practicing it via direct investment into communities. When corporate conglomerates monopolies capital how can you call it success when they rig the system in their favor via lobbying? Look at Walmart here in shart land, the government subsidizes them with billions of dollars because they provide food stamps to their employees which is only possible because they keep their wage as low as possible.
It’s almost like our leaders learned nothing from the USSR and instead took pages out of the socialist nightmare black book to enrich a few hundred families while millions live paycheck to paycheck in debt slavery.

Success and innovation are still possible, but that’s still a negligible minority fueled and funded by corporate interests. The masses at large are fucked.

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You’re right, I’m not “even” middle class, I’m upper class. Own 3 properties, run a business, currently on a random vacation to Amsterdam for fun... never “worked” a day in my life. ENJOY BEING A WAGESLAVE.

Just wait until these faggots get their pathetic $1,000 investment fund cleaned in the next recession.

...so which part of my statement is false? Are you retarded?

You're a poor ass larping sack of shit. You're not fooling anyone.

>poor person spends more
>that money goes to business
>increases profits
> business expand

spending is contributing you tard, buying American good and services is the metric of the economy,

Or eliminate government overspending, like on social entitlement programs that don't generate taxable revenue. You know, the NOT retarded option.
>b-b-but muh military
The military is an employment sector, it generates taxable revenue and generates private sector jobs through contracting companies which also generate taxable revenue.
Cut welfare down to an absolute minimum, enforce acceptance standards (no major criminal background, can't be on drugs and alcohol, must be searching for employment or working a minimum #hrs/week, 2-child maximum claims, etc) and watch that deficit dry up.

You know it's telling that even the democrats are only going to 'possibly' raise corporate taxes to 24 or 25. What does that imply to you leftoids?

You could try to gut social security or fire millions of government workers. We all know where that will lead. Trump lost the house by 8% already, although that might have to do with the fact that he sent $50b to Israel and only spent $1.5b on the fence.

this is great for middle class america, and anyone else with a 401k, faggot
and for the lower class, break down google, facebook, and amazon, and see a boom in retail, media, and many ancilliary industries, with much better jobs, and a few less discord-sowing weaponized platforms
you libtards suck the corporate cock that better covers your bases, but I bet you think your shit doesn't stink

The problem is that the US spends too much.
If I were Trump I would slash military budget by avoiding getting involved in overseas wars. There is no reason to increase it.

You're a subhuman, so I'll spell it out for you the person you are responding to is harping on how NYT was silent about actions AFTER the crisis started.

All your tranny friends will kill themselves at 30.

You're economically retarded. Sorry. A poor family spending a few thousand dollars a year on McDonalds and new Hondas is not comparable to a single entrepreneur employing dozens of people and each of those people spending a few hundred thousand dollars on major investments which then appreciate in the same time frame. Buying a fucking Big Mac does not help the economy. Go back to school.

>and watch that deficit dry up.
Trump can't cut shit because he'll get thrown in the trash faster than.. insert metaphor.

Guess we will just have to put some entitlements on the chopping block.

If you want me to bitch about the government taking in less money you found the wrong place, leaf.

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You think i'm pro-NYT or pro-democrat? No wonder we're in this shitheap. You 60iq mutts have fully bought the dialectic.

>why didn't trump just fix a trendline from the 70s
As long as the fed and fiat money exists like it does it's only going to get worse.

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Cry more, faggot. Your favorite nigger's legacy is being erased.

Trump won't cut shit you filthy nigger. The GOP financed their financer tax cuts entirely with debt.

Fast food employees often distrust those on message boards telling them about their significantly better lives. Many such cases!

I don't care if dems don't like things. That doesn't make cutting social entitlements the wrong thing to do, it makes dems economic retards. If they want the country to be Venezuela 2.0, let them.

mass migration also played a major role in this

We both know you're a pathetic sack of shit.

If Americans didn't flood their country with shit they wouldn't be able to borrow at 4%.

Trickle-down economics is a complete straw-man, you cunt.

youtube.com/watch?v=rbFOyTr0ajQ

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So does housing prices detaching from the rest of inflation in the 90s.
You can't really get too technical on Jow Forums these days because the board's gong to shit since 2016 and people literally don't understand you.

Those companies haven't become more profitable you subhuman. They haven't expanded their markets.

>He thinks the rich will use their money

>consuming products of your nation does not help the economy.

>what is a recession
>people consuming less


go suck your kike master's dick shlamo

I'm an ancap but people call me a communist/democrat when I point out how much of a financier kike puppet Trump and the GOP are. Sad.

The rich could use less than a tenth of their money and they'd still be contributing more to their economy than the entirety of the poor. Remember, the poor get their money from government gibs anyways, so they're not adding anything back to the system. They're just taking taxpayer dollars away from other people - the principle problem with wealth redistribution.

The wealthy don't spend their money, they invest it. They create employment opportunities which creates more wealth. If the wealthy were stupid enough to just blow all their money on dumb shit like the average poor person does, they wouldn't be very wealthy, now, would they?

Sorry you'll never be wealthy working at the burger shack buddy.

McDonald’s is a multi billion dollar company that would definitely have an impact on the economy if it were to suddenly dissapear so you’re obviously economically retarded and everything you say can be ignored.

> corporate entity that wants higher taxes writes an article saying lowering the tax rate didn't work
> the same assholes that said we've been in a recovery since 2009 but only now are we seeing the results

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Its not trumps economy, he was betrayed by republicans in the house and do the AHCA is still live. Its a miracle he was able to do this well with an economy thats been operating at a loss for several decades.

Go back to caring about leafistan please

He is already asking for 5% cuts from each one of his secretaries for next year. Whether the fags in Congress will play ball is another story. The democrats are fagging at Kudlow for a reason.

Could've given it a half hour before giving up, dumbass leaf. You expect fish to bite as soon as you lower the hook? Make me laugh more.

Right, they have all that cash lying around and they sit on it. We don’t have an employment problem in this country, we have a keeping up with living problem. Hell, many people in this country work multiple jobs. The problem is all that disposable cash you’re talking about. If they used even a tenth they’d drastically improve standards of living but people like you enjoy watching millions flounder in slavery.

Sad.

>all poor gets gibs

>poor contribute nothing compared to wealth


Pretty sure you need consumers you faggot.

1 Peruvian New Sun = 3.28 US Dollars in 2017
1 Peruvian New Sun = 3.39 US Dollars in 2018
Can someone explain this? i suck at economy

Are you illiterate? How does that have anything to do with what I posted?
The people who own McDonalds contribute more to the economy than the entirety of their base-level part-time workforce. The burger flippers can be replaced, and already are beginning to be replaced with robots, and it wouldn't affect anything.
McDonald's makes most of its money off of real-estate anyways, because the people actually running the company know how to make money with investments that appreciate in value.

wtf is a peruvian new sun (sounds gay) and where the fuck is your leaf

If your consumers are only paying for things with taxpayer dollars (and only paying taxes on those taxpayer dollars they spend), they aren't generating new wealth. Just buying things isn't inherently good or a benefit to the economy, despite what your pro-consumerist media tells you.
Jesus fucking christ.

>economy rises but wages do not
Everyone who claims this is either a shill or has simply no clue about economics.
Probably both.

>give money to poor by tax cut
>poor buy more things
> poors creates profit for companies
> companies hire more works, and move more products
> suppliers get more money due to an increase in demand

>does not stimulate economy

>give money to known rich people , surely giving them more money means they will invest it.


>all poors takes gibs


>give gibs to rich who might use it vs give gibs to poor that will use it.

They arent trying to fix the economy. Duh

Wealth extraction != wealth generation.

Its sad what theyve done.

>poors buy more things
>companies hire more workers
Hiring more workers to meet the demands of the same number of consumers doesn't generate new wealth you supreme mongoloid. That's not to mention that a lot of what people buy is automated anyways and the amount purchased has no bearing on the hiring of workers. What you're talking about is actually supremely inefficient and ends up splitting the same amount of money more ways, ending in a lesser cut for each person. This is why retail and restaurant businesses often only hire people in entry-level jobs temporarily, like during seasonal rushes, and prefer to work with a lower number of employees during the rest of the year.

New wealth is only generated by the creation of new economic sectors. This requires venture capital provided by the rich - people wealthy enough and entrepreneurial enough to risk losing huge amounts of money if an investment flops. When a new economic sector is successfully created, it creates an entirely new demand base, which results in a wave of new employments and new consumers that previously didn't exist.

Bill Gates and Steve Jobs/Steve Wozniak didn't create an entirely new business market by spending lots of money on hamburgers you troglodyte, they created a new product and that brought an entirely new market into existence. Thanks to the investment of millionaires who got their companies off the ground. And now they do the same thing. Tech companies now represent a multi-billion dollar industries and employ millions of people. Government welfare and market consumerism don't do that. Rich people with amassed wealth are the key to economic prosperity.

>"The fucking dumbass manager gets paid more than any of us to sit on his ass and boss us around! Why do we have to work hard and get paid less than him!"
Sound familiar?

Agreed that wealth extraction and rent-seeking is cancer and rent should probably be regulated, but if the banks hadn't totally fucked up the housing market and then had Obama bail them out, rent rackets would have competition in the form of home ownership.

Wow it's a really good thing the manager's job isn't building roads or you might almost have a point. If you make pretty good pay doing what you're doing, then thank your manager(s) for not running the company into the ground and costing you your job.
If not, find a different job.

This thread is rubber dicks.

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>who bout apple one
> people who went to computer shops
> who are those people?

"poors"


gg

The leaf is gay and we burned it, a new sun is our coin....now explain because our businessguys are afraid of Drumpf

Supply side works but only if you include protectionism. This means both tariffs and restrictions on immigration

Funny. My wife got a 20% raise. And she’s a doctor so that was SIGNIFICANT

REPORT ALL RULEBREAKING SPAM THREADS

STOP REPLYING TO SPAM!

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>give people a tax cut
>they invest in foreign manufacturing creating jobs overseas
You need protectionism if you give people tax cuts. Only through tariffs would they be wary of spending their extra money overseas.

How is this a rule breaking or slide thread? Because you don't like to hear negative things about Trump?

This is Obama's economy sweetie...