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Thread: Today's Lesson for Tranny

  1. #1

    Today's Lesson for Tranny

    There will be a quiz later.

    But we were warned by the smartest of criers in the media, incessantly, that this simply wouldn’t happen. Politifact told us to “Beware the Hype” about repatriation of overseas profits promised by architects of the GOP tax bill. The Associated Press offered a “FACT CHECK,” saying that the idea that overseas profits might return after a corporate tax cut was a “mirage.”

    Why? Because those assumptions were based upon one report, focused on one recent event.

    https://www.americanthinker.com/arti...g_economy.html
    "I've got to start eating at home more" - J. Dahmer

  2. #2
    Wow...it is no wonder why you understand so little when this is the sort of resource you rely upon for your information.

    So here, let me repeat this for you...again. When you rely on political sources for your information, you are going to look and sound like an idiot.

    How should you know this is a political source? Um...the title of the article.

    What is wrong with the content? Just about everything. Let's go thru it shall we? There is no sense in a quiz, because if you don't understand this by now (which you obviously don't) you never will.

    First, more Americans in 2018 are working than last year. In fact, as of the latest jobs report, American unemployment remains at just 3.7%,
    True...but that isn't Trump's doing nor is it the tax cut's doing. The rate of job create has not changed in any significant way over the past 4-5 years. Anyone who actually took a "grad level" stat class should understand it has taken us 9+ years to get to this level of unemployment...and anyone who read anything related to the actual performance of the US economy knew in early to mid 2016 that we were headed for a sub 4% unemployment rate.

    Second, that larger percentage of working Americans are generally earning more income and enjoying stronger benefits today, given that “wages were 3.1% higher in September than they were a year ago,” the report shows -- the highest wage growth since 2009. Additionally, larger private employers, “in this environment… are more apt to provide competitive wages and strong benefits” to entice and retain talent, writes Dominic Rushe of The Guardian.
    So now this is a nice sleight of hand...and really points out the stupidity of Gilligan. During the Obama admin. Gilligan railed against the low Labor Force Participation Rate (LFPR). NOW, he acts like the LFPR doesn't exist. We don't have a "larger percentage of working Americans". We have a larger percentage of Americans still out of the labor force due in large part to retirees and kids staying in school longer.

    Yes wages are up...due to the natural progression of the employment picture, not due to anything Trump has done...or Obama did.

    Finally, consider that most Americans are also withholding much less in taxes upon their wages this year than last, leaving more money in their pockets to save, or to spend on everyday goods and services. Roughly 90% of Americans saw bigger paychecks in 2018 than they did in 2017, and even left-of-left Politifact, unable to meaningfully obfuscate or refute the claim, rates that claim as “Mostly True.”
    Again, this is sleight of hand...switching of terminology to confuse the stupid---like Gilligan.

    The average payroll tax cut for the average American is 2% or less. That is not "much less". For someone who grosses $1000 per week, that is an extra $20 in their pocket. So while it is true that the tax cuts resulted in bigger paychecks, "bigger" is very subjective. Very few average Americans are going to tell you that $20 is a huge windfall.

    That’s all good for American workers. And this economy, by any measure, is booming.
    Well that's just BS. "By any measure" the economy is doing well. It is not "booming". It is not even close to "booming".

    Contrast this to the hyper-regulated economy over which Barack Obama presided, which could rightfully be described as the worst economic recovery in modern times.
    True...and totally out of context. Again...everyone who wasn't a political or propagandist knew the recovery would be weak. Only morons and propagandists thought otherwise. Not going into the reasons again. If you still don't understand you never will.

    In short, the economy was clearly in decline by Obama’s last year in office. It was only when Trump took over with a Republican Congress in 2017 that the economy began our current boom.
    That is actually false. By the end of Obama's term of office, the collapse of the oil patch had ended and the energy sector was reinflating. Again, everyone who wasn't a moron or a propagandists knew the economic data would turn better because the reason for the downshift (the oil patch) was moving forward again.

    Never does it occur to most opponents of the GOP tax cut that American individuals are largely doing better today than a year ago because American businesses are also doing better.
    Sorry that is bullsh!t. Again...(how many times does one have to use that word when referencing Gilligan). Corporations are NOT using the tax cut money to increase their business operations. They are giving it back to shareholders in the form of buybacks and dividends. American individuals are largely doing better because that is where we are in the economic cycle. (which again comes back to the nature of the recession and the reason the recovery was so slow...but morons and propagandists don't or won't understand this)

    And it likewise never occurs to them that business owners do not pay the corporate tax, which was reduced from 35% to 21% in the GOP tax legislation, but that businesses merely tend to pass the costs of corporate taxation onward.
    The assumption is wrong...just because companies pass on the cost of taxes...does not under any definition or circumstance mean they pass on the savings when taxes go down. IF that were true, stock prices would not have risen one penny last year. Why did stock prices rise? On the expectation of higher corporate profits due to tax cuts. If as, Gilligan's idiot author wants you to believe, taxes are just a pass through...then prices of goods sold by companies should have fallen by the exact saving from the tax cuts...OR...wages should have gone up by the exact savings of the tax cuts...this would have net zero impact on profits. But profits surged because taxes were lower.

    To put this in perspective, consider that $38 billion repatriated to the U.S. in Q1 of 2017. While that’s certainly not chump change, it is miniscule by comparison to the $300 billion that was repatriated in Q1 of 2018, after the Republican tax cuts.
    Actually let's really put that into perspective....the US economy produces somewhere around $21T per year of output. The federal government spends 10 times the amount listed above. AND most of the money repatriated went into stock buybacks and dividend increases...NOT into wage increases or plant construction.

    BTW...IF...those funds had a better use here by companies, it would have already been happened. Even Gilligan should understand a simple concept like that.

    So, in the end, all Gilligan has done with his little article is once again confirm his utter lack of understanding. But you keep trying their little buckaroo...maybe one day you will learn something,.

  3. #3
    Was worried there for a sec..hate to think I'd posted that and not caused you to waste a ton of time crafting a worthless reply. ;-)

    BTW..I didn't write that "little article"..you never seem to understand basic things like that. ;-)
    "I've got to start eating at home more" - J. Dahmer

  4. #4
    INGSOC GURPS's Avatar
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    Quote Originally Posted by transporter View Post
    When you rely on political sources for your information, you are going to look and sound like an idiot.

    How should you know this is a political source? Um...the title of the article.
    What Are YOUR Qualifications [FT Subscription does NOT Count]



    Do you really think you are changing anyone's mind here, with your derision, dismissive attitude and contempt for anyone NOT Holding YOUR Opinion or World View

    Quote Originally Posted by transporter View Post
    Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.
    Fantasy, Supposition, Innuendo and Unfounded OPINION
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

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