The Economy

[jomar]

I would have to admit that I am. I thought he'd do a lot to boost the economy, but all this random tariff nonsense and destroying out relationships with major trading partners and allies was not at all on my radar. t's literally crazy and it's going to destroy American unless it's reined in.

I’ve probably mentioned this before, but consider reading Bob Woodward’s books on trump. I’m sure you know who he is and his bona fides.

 

[BabyBoomer50s]

BabyBoobs (a total POS) is TRYING to GASLIGHT (LIE)…AGAIN.

There were ALTERNATIVES to The One Butt Ugly Bill:

Leaving or slightly increasing the MODEST tax cuts in place for those making less than 200,000 per year and making them permanent; increasing the child tax credit and making it permanent; shit canning the bullshit tax breaks on SILENCERS, tips and social security (raising the social security cap on wages); RAISING the taxes on the rich and corporations; NOT spending a fuckton on a de facto gestapo & concentration camps (ICE & ICE facilities); NOT cutting Medicaid (yes, Virginia, there ARE cuts to Medicaid); NOT deregulating polluters and financial institutions; NOT cutting funding for NOAA (YUUUUUUGE MISTAKE), etc etc, etc, etc..



Anyone that pretends (LIES) about there being no other option but to pass The One Butt Ugly Bill is a total POS and a GASLIGHTER / LIAR; I.e., BabyBoobs.



Hope that ^ helps.



BabyBoobs



We. Told. Them. So.

I actually agree with you that the tax break on silencers is silly (and trivial), and the tax breaks on SS, tips, overtime, and car loan interest add to the deficit and do nothing to grow the economy. Same with the SALT breaks given to affluent people in high tax states. The BBB did not go far enough on spending cuts either but the Medicaid work requirement for able bodied people between the ages of 19 and 64 is a long overdue common sense reform. Same with closing ACA loopholes that created unsustainable expansion of Medicaid.

 

[Rebel5soul]

I actually agree with you that the tax break on silencers is silly (and trivial), and the tax breaks on SS, tips, overtime, and car loan interest add to the deficit and do nothing to grow the economy. Same with the SALT breaks given to affluent people in high tax states. The BBB did not go far enough on spending cuts either but the Medicaid work requirement for able bodied people between the ages of 19 and 64 is a long overdue common sense reform. Same with closing ACA loopholes that created unsustainable expansion of Medicaid.

There is a reason for the tax break on silencers etc. and it has nothing to do with finances.

 

[ChloeTzang]

And exactly what is your source for this rate hike? Powell is going to get canned and the first thing the new chair is going to do is drop rates.

Well, there first mission is keep inflation down - and Trump doesn't like that they're keeping interest rates where they are due to his policies - he'll like it even less when they go up due to his policies.

If they drop rates, that'll fuel inflation and as a country, we've been there before.

Thing is, Trump is destroying the whole world trade system at the same time as his policies are pishing pricves up, fueling inflation and tanking outr exports, and he's damaaged the defense induyustry hufely, alomg with tourism and agriculture. I'm no expert here and I don't pretend to be one but it doesn't look great to me.

Getting congress to curb their spending addiction is going to take a little longer.

GOP have a majority and couldn't do it. No hope at all.....which takes us towards a financial collapse even faster

 

[ChloeTzang]

The BBB prevented a $4.5 trillion tax hike starting in 2026. If the tax hike had gone into effect, what effect do you think it would have had on investment and jobs growth?

Whar they really needed to do was a slash and burn on Govt spending.

 

[MajorRewrite]

the Medicaid work requirement for able bodied people between the ages of 19 and 64 is a long overdue common sense reform. Same with closing ACA loopholes that created unsustainable expansion of Medicaid.

If the changes to Medicaid are a good idea, why don’t they go into effect until after the midterm elections?

 

[BabyBoomer50s]

There is a reason for the tax break on silencers etc. and it has nothing to do with finances.

I understand the reasoning but its tax revenue impact is trivial.

 

[Rotadom]

Why are MAGAts so bad at the maths?

 

[rainsol]

If the changes to Medicaid are a good idea, why don’t they go into effect until after the midterm elections?

Politics, plain and simple.

 

[rainsol]

Why are MAGAts so bad at the maths?

View attachment 2552747

You lose alot of people by the way you post...go fuck yourself

 

[BabyBoomer50s]

If the changes to Medicaid are a good idea, why don’t they go into effect until after the midterm elections?

Because good ideas and good politics don’t always align. Taking away free stuff is is politically risky. GOP reps in districts and states that expanded Medicaid didn’t want to take that risk.

 

[Rebel5soul]

Well, there first mission is keep inflation down - and Trump doesn't like that they're keeping interest rates where they are due to his policies - he'll like it even less when they go up due to his policies.

If they drop rates, that'll fuel inflation and as a country, we've been there before.

Thing is, Trump is destroying the whole world trade system at the same time as his policies are pishing pricves up, fueling inflation and tanking outr exports, and he's damaaged the defense induyustry hufely, alomg with tourism and agriculture. I'm no expert here and I don't pretend to be one but it doesn't look great to me.



GOP have a majority and couldn't do it. No hope at all.....which takes us towards a financial collapse even faster

Last first, the GOP congress is not a monolithic bloc. The democrats appear to be lock step because when they're in power they just buy every member's vote regardless of cost. The republicans are addicted to spending as well, just not as full blown. It is going to take a few more budgets to get things realigned.

Yes, Trump IS upsetting the world trade system and it's long overdue. What everyone is wringing their hands about is tariffs. There is a cabal out there trying to sell the idea that tariffs are inflationary, they aren't and those pushing that notion are willful liars. At the worst tariffs will bring about a ONE TIME price adjustment. Inflation is progressive and tariffs don't do that.

Our inflation rate is currently below the acceptable level and there is NO reason for the Fed. to keep rates as they are. They are doing so in an effort to effect policy and that's NOT their job. Powell will be gone soon enough, the SCOTUS just cleared the way for that eventuality, good bye and good riddance.

 

[Lazaran]

BabyBoobs (a total POS) is TRYING to GASLIGHT (LIE)…AGAIN.

There were ALTERNATIVES to The One Butt Ugly Bill:

Leaving or slightly increasing the MODEST tax cuts in place for those making less than 200,000 per year and making them permanent; increasing the child tax credit and making it permanent; shit canning the bullshit tax breaks on SILENCERS, tips and social security (raising the social security cap on wages); RAISING the taxes on the rich and corporations; NOT spending a fuckton on a de facto gestapo & concentration camps (ICE & ICE facilities); NOT cutting Medicaid (yes, Virginia, there ARE cuts to Medicaid); NOT deregulating polluters and financial institutions; NOT cutting funding for NOAA (YUUUUUUGE MISTAKE), etc etc, etc, etc..



Anyone that pretends (LIES) about there being no other option but to pass The One Butt Ugly Bill is a total POS and a GASLIGHTER / LIAR; I.e., BabyBoobs.



Hope that ^ helps.



BabyBoobs



We. Told. Them. So.

I actually agree with you

BabyBoobs could have / should have stopped right there.



BabyBoobs



We. Told. Them. So.

 

[Greedy_lion]

The economy is going to be about as fucked as the next sub that I find.

 

[Lazaran]

You lose alot of people by the way you post...go fuck yourself

THE FACTS & THE TRUTH don’t care about your feelings.

Roto’s "meme" was spot on.

Hope that ^ helps.



We. Told. Them. So.

 

[MajorRewrite]

Because good ideas and good politics don’t always align. Taking away free stuff is is politically risky. GOP reps in districts and states that expanded Medicaid didn’t want to take that risk.

Yep. Your boys are afraid to take responsibility for their own actions.

Weasels.

 

[MajorRewrite]

Our inflation rate is currently below the acceptable level and there is NO reason for the Fed. to keep rates as they are.

Incorrect. The inflation rate is still above the 2% target, and inflation increased last month.

 

[BabyBoomer50s]

Yep. Your boys are afraid to take responsibility for their own actions.

Weasels.

If letting individual tax rates revert back to pre TCJA levels (2017 levels) was a good idea, why didn’t Dems repeal the TCJA when they controlled the WH and both chambers of Congress?

 

[MajorRewrite]

If letting individual tax rates revert back to pre TCJA levels (2017 levels) was a good idea, why didn’t Dems repeal the TCJA when they controlled the WH and both chambers of Congress?

Deflection. That’s all you do.

 

[BabyBoomer50s]

Deflection. That’s all you do.

No, I answered your question. Good ideas and good politics often don’t align. To get the votes needed to pass the bill, GOP representatives in certain districts and states felt it would be better politically to make the reforms effective after the midterms.

Your turn. If the TCJA individual tax rates were bad, why didn’t Dems repeal them when they controlled Congress and the WH?

 

[Rotadom]

You lose alot of people by the way you post...go fuck yourself

Thanks, illiterate .

 

[MajorRewrite]

No, I answered your question. Good ideas and good politics often don’t align. To get the votes needed to pass the bill, GOP representatives in certain districts and states felt it would be better politically to make the reforms effective after the midterms.

Your turn. If the TCJA individual tax rates were bad, why didn’t Dems repeal them when they controlled Congress and the WH?

I’m glad that you agree the Republicans in Congress are weasels.

The Democrats didn’t draft or pass the tax cuts for billionaires, so was it their responsibility to repeal them when they were supposed to expire anyway? I certainly would have liked them to.

Republicans are clearly weasels by commission. Democrats are maybe weasels by omission, because they didn’t clean up the Republican mess.

 

[Lazaran]

No, I answered your question. Good ideas and good politics often don’t align. To get the votes needed to pass the bill, GOP representatives in certain districts and states felt it would be better politically to make the reforms effective after the midterms.

Your turn. If the TCJA individual tax rates were bad, why didn’t Dems repeal them when they controlled Congress and the WH?

BabyBoobs ( a total POS GASLIGHTER) knows goddamned well why…

Because "Democrats" did NOT control congress from 2020 - 2022, Joe Manchin and Kyrsten Sinema did…



ACTUAL DEMOCRATS got what Joe Manchin and Kyrsten Sinema (and their corporate overlords) allowed.

Hope that ^ helps.

BabyBoobs



We. Told. Them. So.

 

[BabyBoomer50s]

I’m glad that you agree the Republicans in Congress are weasels.

The Democrats didn’t draft or pass the tax cuts for billionaires, so was it their responsibility to repeal them when they were supposed to expire anyway? I certainly would have liked them to.

Republicans are clearly weasels by commission. Democrats are maybe weasels by omission, because they didn’t clean up the Republican mess.

The TCJA expiration date wasn’t a state secret. Democrats chose to keep the rates intact when they held power and let the 2025 president and congress decide what to do. Thankfully the GOP won and the $4.5 trillion dollar tax hike has been averted. At the same time, common sense reforms to Medicaid in the BBB will slow the deficit exploding rate of increase your party created. Would it have better to make those Medicaid reforms become effective sooner? Absolutely. I wish all GOP members were on board with that but some would not budge. Such is politics.

 

[BabyBoomer50s]

BabyBoobs ( a total POS GASLIGHTER) knows goddamned well why…

Because "Democrats" did NOT control congress from 2020 - 2022, Joe Manchin and Kyrsten Sinema did…



ACTUAL DEMOCRATS got what Joe Manchin and Kyrsten Sinema (and their corporate overlords) allowed.

Hope that ^ helps.

BabyBoobs



We. Told. Them. So.

Both were Democrats.