transporter
Well-Known Member
When the only places you get your information from are political propaganda sites or fringe sites that create meaningless reports, you will be woefully and consistently uninformed (like GURPS and Gilligan). Here is some recent data about business spending that highlights the ignorance of recent posts regarding the impact of the tax cuts. You can go here for more info, charts, graphs and videos: https://finance.yahoo.com/news/trump-tax-cuts-arent-trickling-yet-152138386.html
The data simply don't support either GURPS, Gilligan's or their sources uneducated opinions. Which isn't a surprise. Now I am not saying that economy is doing poorly (although I am sure GURPS and Gilligan will attempt to make that point). I am only pointing out that, as usual, GURPS and Gilligan are wrong.
Additionally, the Federal Reserve released its Beige Book report yesterday. Here is the first sentence of their overview. You can read the rest here: https://www.federalreserve.gov/monetarypolicy/beigebook201805.htm
At this point, it is reasonable, rationale and logical to conclude that the tax cuts are having little impact on the US economy overall. Which was the general expectation when the legislation was passed. This could change. Businesses could spend more since they have to spend before year end in order to take advantage of accelerated depreciation schedules. However, businesses have had access to extremely cheap money for the last 8 years. Outside of the oil patch, which has higher oil prices as an incentive to invest, companies are not seeing a massive increase in demand ( The Beige Book overview also notes that "consumer spending is soft").
BTW...the collapse of oil prices is what caused US GDP to tank at the end of 2015 and early 2016 just as the rise in oil prices now will have a positive impact on manufacturing and mining due to expansion of the oil and oil services industries. But folks like GURPS and Gilligan can't put these pieces of the puzzle together...they think everything happens because of politics.
The educated, the realists or those who actually care more about the future of this country will look to the facts and the data to determine what actions are appropriate and what results are most likely to occur...regardless of political persuasion. However, if it is your preference to remain ignorant and uninformed with the belief that the economy changes direction only on Inauguration Day, then just continue to follow the wonderful examples you already have in GURPS and Gilligan.
The data simply don't support either GURPS, Gilligan's or their sources uneducated opinions. Which isn't a surprise. Now I am not saying that economy is doing poorly (although I am sure GURPS and Gilligan will attempt to make that point). I am only pointing out that, as usual, GURPS and Gilligan are wrong.
Additionally, the Federal Reserve released its Beige Book report yesterday. Here is the first sentence of their overview. You can read the rest here: https://www.federalreserve.gov/monetarypolicy/beigebook201805.htm
At this point, it is reasonable, rationale and logical to conclude that the tax cuts are having little impact on the US economy overall. Which was the general expectation when the legislation was passed. This could change. Businesses could spend more since they have to spend before year end in order to take advantage of accelerated depreciation schedules. However, businesses have had access to extremely cheap money for the last 8 years. Outside of the oil patch, which has higher oil prices as an incentive to invest, companies are not seeing a massive increase in demand ( The Beige Book overview also notes that "consumer spending is soft").
BTW...the collapse of oil prices is what caused US GDP to tank at the end of 2015 and early 2016 just as the rise in oil prices now will have a positive impact on manufacturing and mining due to expansion of the oil and oil services industries. But folks like GURPS and Gilligan can't put these pieces of the puzzle together...they think everything happens because of politics.
The educated, the realists or those who actually care more about the future of this country will look to the facts and the data to determine what actions are appropriate and what results are most likely to occur...regardless of political persuasion. However, if it is your preference to remain ignorant and uninformed with the belief that the economy changes direction only on Inauguration Day, then just continue to follow the wonderful examples you already have in GURPS and Gilligan.
