(01-29-2018 06:51 AM)Machiavelli Wrote:  One. Why such a visceral reaction? Nowhere in my op did I take a curt stance with any of you.


Two. I do think the article has merit because the vast majority of the money is going into buy backs of company stock. Companies were already at record profits. The one time bonus checks is window dressing. My bi monthly check went up 28 bucks.


Three. I guess a lot of you aren’t worried about becoming Greece anymore. Your guy adds to the deficit and it’s sunshine and lollipops. OK. You needed a win. Time is going to show It’s going to be a hollow one however.

I suspect you got the reaction you did because you have zero credibility and everything you post is an attempt to discredit the current administration.

Your guy increased the deficit more than all other presidents combined. Where was your outrage then?

If Oblunder had done anything like this to stimulate the economy, you'd be founding a religion in his name right now.

(01-29-2018 01:14 AM)Kronke Wrote:  Pick whatever metric you'd like, the Trump economy is kicking ass.

That's what drives them nuts. These people saying "tax cuts will have little to no effect in the economy" are the same ones who said the stock market would crash if Trump won. They are the Lee Corso of economics and politics. Put on your Obama mascot head and wave you dumb frucks.

Need the economy humming along? Elect a business man. Need a bunch of idiots rallying to march for a silly SJW cause? Call Obama. He can organize them.

(01-29-2018 06:51 AM)Machiavelli Wrote:  One. Why such a visceral reaction? Nowhere in my op did I take a curt stance with any of you.


Two. I do think the article has merit because the vast majority of the money is going into buy backs of company stock. Companies were already at record profits. The one time bonus checks is window dressing. My bi monthly check went up 28 bucks.


Three. I guess a lot of you aren’t worried about becoming Greece anymore. Your guy adds to the deficit and it’s sunshine and lollipops. OK. You needed a win. Time is going to show It’s going to be a hollow one however.

*giggles uncontrollably*

9-10 freaking TRILLION in throw away money over a scant 8 years, DOUBLING the National debt of 250 yrs prior. Yawns and brushing off shoulders...

Perhaps 1.5 trillion over TEN years, assuming tax receipts don’t pick up (which clearly they will, and likely have already) and now y’all leftists want to scream
OMIGEDDON!!!

Get real.
You socialist clods wanna actually CUT spending? Fine. All in. Bring it on. Tell us where. I’ll start with EPA, Dept of failed “Education”, OSHA, and energy.
Little or no use for any of those alphabet soup jobs programs, biggest social welfare programs ever on the face of the earth.

Shut em down. That’d likely save these nickels you leftists are moaning over...

Personal INCOME comes in higher than expected at 0.4%. That pace would play out an almost 5% increase over the next year.

That’s a pretty nice raise.

Of course, you actually have to work to get it.

(01-29-2018 06:51 AM)Machiavelli Wrote:  One. Why such a visceral reaction? Nowhere in my op did I take a curt stance with any of you.


Two. I do think the article has merit because the vast majority of the money is going into buy backs of company stock. Companies were already at record profits. The one time bonus checks is window dressing. My bi monthly check went up 28 bucks.


Three. I guess a lot of you aren’t worried about becoming Greece anymore. Your guy adds to the deficit and it’s sunshine and lollipops. OK. You needed a win. Time is going to show It’s going to be a hollow one however.

Go look at my post #4 - nothing sh!tty about it.

We will see about the deficit. If this kicks the economy into gear enough by more people working and paying taxes, etc. - we may find that the tax reduction might actually turn out to be tax receipt neutral or close to it.

We really just don't know yet, but one thing we know for a fact is that the economy was never going to take off with Obama in charge. The business community, because of increased regulations and the threat of increasing taxes, had decided to hunker down and move money offshore until they had a better business climate.

Basically, given all the Democratic bashing and demonization of the producer class, those in the producer class decided to "sit out" the Obama presidency. What Obama and those cohort clowns never understood was that the business world won't spend money in an uncertain climate - they don't want to take that risk. Obumble and friends did nothing but project uncertainty.

(01-28-2018 09:14 PM)bubbapt Wrote:  The stock market just went up 5% this month. Companies are pre-paying $250 billion in taxes for 2017 just so they can be ready to bring back $2.5 trillion back into the country.

Are people posting stories like this really this stupid?

Apple is going to pay $38billion in taxes to repatriate some of their overseas money. That is 2.5% of the $1.5trillion over ten years that Mach is referring to. From one company.

Or, another way to put it, if the new tax bill costs $150million per year over ten years, then what Apple announced, before the tax bill was even in place, amounts to covering 25% of the first year's total.

From one company. Before the tax law was even in force.

(01-29-2018 09:59 AM)UofMstateU Wrote:  

(01-28-2018 09:14 PM)bubbapt Wrote:  The stock market just went up 5% this month. Companies are pre-paying $250 billion in taxes for 2017 just so they can be ready to bring back $2.5 trillion back into the country.

Are people posting stories like this really this stupid?

Apple is going to pay $38billion in taxes to repatriate some of their overseas money. That is 2.5% of the $1.5trillion over ten years that Mach is referring to. From one company.

Or, another way to put it, if the new tax bill costs $150million per year over ten years, then what Apple announced, before the tax bill was even in place, amounts to covering 25% of the first year's total.

From one company. Before the tax law was even in force.

but MUH DEFICITS and MUH GOVERNMENT PROGRAMS

(01-29-2018 08:18 AM)appst89 Wrote:  

(01-29-2018 06:51 AM)Machiavelli Wrote:  One. Why such a visceral reaction? Nowhere in my op did I take a curt stance with any of you.


Two. I do think the article has merit because the vast majority of the money is going into buy backs of company stock. Companies were already at record profits. The one time bonus checks is window dressing. My bi monthly check went up 28 bucks.


Three. I guess a lot of you aren’t worried about becoming Greece anymore. Your guy adds to the deficit and it’s sunshine and lollipops. OK. You needed a win. Time is going to show It’s going to be a hollow one however.

I suspect you got the reaction you did because you have zero credibility and everything you post is an attempt to discredit the current administration.

Your guy increased the deficit more than all other presidents combined. Where was your outrage then?

If Oblunder had done anything like this to stimulate the economy, you'd be founding a religion in his name right now.

And in a group of 10 economists, you will find at least one on each extreme posting exactly the opposite stuff. So you finally found that one. Yawn.

Libs are proving to be the clowns we know they are with any attempt to discredit what the Trump economy has proven to do up to this point. They would love for the stock market to crash and millions of people's 401k's lose heavily so they could attack Trump. The Dems could give a sh#5 about the average American who is benefiting in a big way from this economy. Not only team over country for the left, but team over the average American. See, unless the average American is dependent on the Government, they are not where the Dems want them.

(01-29-2018 11:08 AM)usmbacker Wrote:  Libs are proving to be the clowns we know they are with any attempt to discredit what the Trump economy has proven to do up to this point. They would love for the stock market to crash and millions of people's 401k's lose heavily so they could attack Trump. The Dems could give a sh#5 about the average American who is benefiting in a big way from this economy. Not only team over country for the left, but team over the average American. See, unless the average American is dependent on the Government, they are not where the Dems want them.

Well the stock market could crash. As my Economics professor said, "Don't ask me about the stock market. That is for your psychology class." The Psychology is GREAT right now that Obama is being erased.

The question is what do employment, inflation and wages do.

How many of these "special" economists are simply pissed at Trump because they bought into their own ideology and shorted the market after he was elected? That would explain the butthurt.

(01-29-2018 08:26 AM)JMUDunk Wrote:  

(01-29-2018 06:51 AM)Machiavelli Wrote:  One. Why such a visceral reaction? Nowhere in my op did I take a curt stance with any of you.


Two. I do think the article has merit because the vast majority of the money is going into buy backs of company stock. Companies were already at record profits. The one time bonus checks is window dressing. My bi monthly check went up 28 bucks.


Three. I guess a lot of you aren’t worried about becoming Greece anymore. Your guy adds to the deficit and it’s sunshine and lollipops. OK. You needed a win. Time is going to show It’s going to be a hollow one however.

*giggles uncontrollably*

9-10 freaking TRILLION in throw away money over a scant 8 years, DOUBLING the National debt of 250 yrs prior. Yawns and brushing off shoulders...

Perhaps 1.5 trillion over TEN years, assuming tax receipts don’t pick up (which clearly they will, and likely have already) and now y’all leftists want to scream
OMIGEDDON!!!

Get real.
You socialist clods wanna actually CUT spending? Fine. All in. Bring it on. Tell us where. I’ll start with EPA, Dept of failed “Education”, OSHA, and energy.
Little or no use for any of those alphabet soup jobs programs, biggest social welfare programs ever on the face of the earth.

Shut em down. That’d likely save these nickels you leftists are moaning over...

Or... to put it in pictures..

(01-29-2018 11:11 AM)bullet Wrote:  

(01-29-2018 11:08 AM)usmbacker Wrote:  Libs are proving to be the clowns we know they are with any attempt to discredit what the Trump economy has proven to do up to this point. They would love for the stock market to crash and millions of people's 401k's lose heavily so they could attack Trump. The Dems could give a sh#5 about the average American who is benefiting in a big way from this economy. Not only team over country for the left, but team over the average American. See, unless the average American is dependent on the Government, they are not where the Dems want them.

Well the stock market could crash. As my Economics professor said, "Don't ask me about the stock market. That is for your psychology class." The Psychology is GREAT right now that Obama is being erased.

The question is what do employment, inflation and wages do.

Yep. In the end, the bold above needs to get better. If it does, all Trump's re-election campaign will have to say is: "Are you better off than under Obama?" - re-elected for 4 more years.......and that is exactly why the Democrats, including Mach and Tom, want to see the country fail, see the economy fail. They need that to happen to get their next Marxist elected by sheeple......

(01-29-2018 09:59 AM)UofMstateU Wrote:  

(01-28-2018 09:14 PM)bubbapt Wrote:  The stock market just went up 5% this month. Companies are pre-paying $250 billion in taxes for 2017 just so they can be ready to bring back $2.5 trillion back into the country.

Are people posting stories like this really this stupid?

Apple is going to pay $38billion in taxes to repatriate some of their overseas money. That is 2.5% of the $1.5trillion over ten years that Mach is referring to. From one company.

Or, another way to put it, if the new tax bill costs $150million per year over ten years, then what Apple announced, before the tax bill was even in place, amounts to covering 25% of the first year's total.

From one company. Before the tax law was even in force.

And that repatriated money won’t be stuffed in a mattress somewhere.

It will generate further incomes, investments, infrastructure and a myriad of other tangential things. All the way to the local Subway shop across the street from where the new plant(s) or Apple stores open up.

This is what the Bernie bros and fauxcahontas fans don’t understand.

Capitalism works, cause people will work for it. Socialism sucks. Just cause it, well, sucks.

Here is one of the genius liberal Nobel Prize winning economists on what Trump will do to the economy. Yep, a real genius for the lefties.

(01-29-2018 11:16 AM)Bull_Is_Back Wrote:  

(01-29-2018 08:26 AM)JMUDunk Wrote:  

(01-29-2018 06:51 AM)Machiavelli Wrote:  One. Why such a visceral reaction? Nowhere in my op did I take a curt stance with any of you.


Two. I do think the article has merit because the vast majority of the money is going into buy backs of company stock. Companies were already at record profits. The one time bonus checks is window dressing. My bi monthly check went up 28 bucks.


Three. I guess a lot of you aren’t worried about becoming Greece anymore. Your guy adds to the deficit and it’s sunshine and lollipops. OK. You needed a win. Time is going to show It’s going to be a hollow one however.

*giggles uncontrollably*

9-10 freaking TRILLION in throw away money over a scant 8 years, DOUBLING the National debt of 250 yrs prior. Yawns and brushing off shoulders...

Perhaps 1.5 trillion over TEN years, assuming tax receipts don’t pick up (which clearly they will, and likely have already) and now y’all leftists want to scream
OMIGEDDON!!!

Get real.
You socialist clods wanna actually CUT spending? Fine. All in. Bring it on. Tell us where. I’ll start with EPA, Dept of failed “Education”, OSHA, and energy.
Little or no use for any of those alphabet soup jobs programs, biggest social welfare programs ever on the face of the earth.

Shut em down. That’d likely save these nickels you leftists are moaning over...

Or... to put it in pictures..

You’re right.

Pictures are probably easier for the grubers.

only the libtards would complain about taking more money home...

(01-28-2018 08:31 PM)oliveandblue Wrote:  

(01-28-2018 08:21 PM)Machiavelli Wrote:  Interesting.

You won’t see this on Fox News so I thought I would post it here to help keep my brothers well informed and rounded.


https://www.marketwatch.com/story/tax-ov...yptr=yahoo

Moody's put AAA ratings behind utter garbage during the housing crisis. They are not to be completely trusted.

Yep, banks aren't even allowed to trust Moody ratings anymore.

(01-29-2018 07:22 AM)bubbapt Wrote:  It’s like somehow, if everyone wallows in failure and mediocrity, that the country will be better off.

That's the leftists ideal.....everybody is equal, even if it's equal misery.

Quote:A country awash in EBT cards is not a good thing.

It is for the leftists because their utopian ideal of an all encompassing nanny state would come to fruition.

(01-29-2018 11:24 AM)JMUDunk Wrote:  

(01-29-2018 09:59 AM)UofMstateU Wrote:  

(01-28-2018 09:14 PM)bubbapt Wrote:  The stock market just went up 5% this month. Companies are pre-paying $250 billion in taxes for 2017 just so they can be ready to bring back $2.5 trillion back into the country.

Are people posting stories like this really this stupid?

Apple is going to pay $38billion in taxes to repatriate some of their overseas money. That is 2.5% of the $1.5trillion over ten years that Mach is referring to. From one company.

Or, another way to put it, if the new tax bill costs $150million per year over ten years, then what Apple announced, before the tax bill was even in place, amounts to covering 25% of the first year's total.

From one company. Before the tax law was even in force.

And that repatriated money won’t be stuffed in a mattress somewhere.

It will generate further incomes, investments, infrastructure and a myriad of other tangential things. All the way to the local Subway shop across the street from where the new plant(s) or Apple stores open up.

This is what the Bernie bros and fauxcahontas fans don’t understand.

Capitalism works, cause people will work for it. Socialism sucks. Just cause it, well, sucks.

Well, the first year is in...and we're starting to see what really happened with the repatriation.

Quote:U.S. companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.

Dollar repatriation in the July-September period fell to $93 billion, around half of second-quarter volumes and less than a third of the $300 billion or so sent home from January to March, U.S. current account data shows.

But investment bank JPMorgan said the flows were on “a rapidly decelerating trajectory”.

The current account data shows repatriation in all sectors. Looking at just non-financial companies, JPMorgan calculates $60 billion was repatriated in the third quarter, versus $225 billion in the first quarter and $115 billion in the second quarter.

Because companies had probably already pre-booked a one-off tax hit for the year, repatriation will have dwindled further in the last quarter, it predicted.

Shrinking repatriation is likely to affect markets, because the flows helped fund this year’s record $1 trillion in U.S. share buybacks. A Jefferies analysis of a Federal Reserve paper looking at the use of repatriated cash concluded it had significantly enhanced buybacks, effectively placing a floor under stock markets.

But U.S. equities have endured a dismal few months as worries have grown for economic growth. The last quarter of 2018 has been the worst for the S&P500 index since the end of 2008 when the Lehman Brothers crisis erupted.

Should flows dwindle further, “the extra boost that U.S. repatriation provided to U.S. equity and bond markets via share buybacks and corporate bond redemptions would likely dissipate next year,” JPMorgan told clients.

U.S. companies repatriate over half a trillion dollars in 2018, but pace slows

So, trump predicted 4 trillion and we have only hit a half trillion so far. And the buybacks and tax cut fueled a record corporate stock buyback of 1 trillion.