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Thread: Trump's Economy

  1. #91
    Defense ProfessionalSenior Contributor tbm3fan's Avatar
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    Quote Originally Posted by TopHatter View Post
    Look like Trump's "alternate facts" and demented version of reality isn't holding up too well in real world.

    Anybody still want to defend this asshole? Anybody?


    Anybody?
    "I am not a crook"

    Sound familiar?

    Three years after leaving office, Mr. Nixon defended his actions to the British television personality David Frost: “When the president does it, that means that it is not illegal.” A recent New York Times article about political sex scandals and technology highlighted the sense of invincibility some politicians seem to share: “Part of that has to do with politics, which self-selects for people with risk-taking behavior and a high degree of self-regard.”

    Mr. Nixon said, “People have got to know whether or not their president is a crook.” Do you agree? Would you rather have a leader who is honest but cannot affect change, or one who uses dishonest methods to achieve positive results? Do you think politicians are more prone than others to behave unethically because they view themselves as above the law, or do you think that as public figures, they just receive more attention when their misdeeds come to light? Why? Do you think that violations on the scale of the Nixon administration’s misconduct and subsequent cover-up could take place today? Why or why not?

    https://learning.blogs.nytimes.com/2...m-not-a-crook/

  2. #92
    Defense ProfessionalSenior Contributor tbm3fan's Avatar
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    Quote Originally Posted by TopHatter View Post
    That too is incorrect. The IRS doesn't have to bring him to court, Congress can impeach him for high crimes and misdemeanours. It's just a matter of bringing proof so blatant that even GOP whores protecting Trump are forced to stand aside and let justice prevail.
    I'm thinking #1 on the whore list would be Graham...

  3. #93
    Defense ProfessionalSenior Contributor tbm3fan's Avatar
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    Quote Originally Posted by TopHatter View Post
    That too is incorrect. The IRS doesn't have to bring him to court, Congress can impeach him for high crimes and misdemeanours. It's just a matter of bringing proof so blatant that even GOP whores protecting Trump are forced to stand aside and let justice prevail.
    I'm thinking #1 on the whore list would be Graham...

  4. #94
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    Impeachment. Since he denies that he is bound by any Congress subpoena that is the sole remaining remedy, though he will deny they have a jurisdiction for that too.

  5. #95
    Senior Contributor DOR's Avatar
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    Keeping it real

    I doubt there's anyone around here who doesn't know what I think of this current bunch of GOPers. But, some on my side seem to think that using their style of misinformation is acceptable, and I strongly disagree.

    There's a story going around that the reason the unemployment rate is so low is that the Trump Administration is counting as employed anyone who worked as little as one hour a week.

    Here's my response:


    One hour = employed?
    My God! Will they stoop so low as to use exactly the same measure as the Obama, Bush, Clinton, Bush, Reagan, Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower, Truman and Roosevelt administrations? All the way back to 1940?!?
    Have these people no shame?
    Trust me?
    I'm an economist!

  6. #96
    Senior Contributor surfgun's Avatar
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  7. #97
    Senior Contributor DOR's Avatar
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    Insights for people who seriously think about policy.

    The Trump Tax Reform, As Seen in the U.S. Balance of Payments Data
    By Brad Setser, Council on Foreign Relations July 3, 2019.

    https://www.cfr.org/blog/trump-tax-r...-payments-data

    The international side of the Tax Cuts and Jobs Act was a real reform, not just a straight-forward cut in the rate. It ended deferral, and shifted to a (mostly) territorial tax system. Yet, judging from the balance of payments data, it didn't get rid of the incentive for firms to offshore profits to low-tax jurisdictions. The global minimum is too low—and there are too many incentives to shift tangible assets abroad.

    Knowledge in the hands of the best, not the rest: The decline of US business dynamism
    Ufuk Akcigit, Sina T. Ates, VoxEU, Centre for Economic Policy Research, 04 July 2019

    https://voxeu.org/article/decline-us-business-dynamism

    The US economy has witnessed a number of striking trends that indicate rising market concentration and a slowdown in business dynamism in recent decades. This column uses a micro-founded model of endogenous firm dynamics to show that a decline in the intensity of knowledge diffusion from frontier firms to laggard ones plays a key role in the observed shifts. It presents new evidence on higher concentration of patenting in the hands of firms with the largest stock that corroborates declining knowledge diffusion in the economy.

    US Multinationals Expand their Foreign-based Research and Development
    Timothy Taylor, July 5, 2019

    https://conversableeconomist.blogspo...r-foreign.html

    "For decades, US multinational corporations (MNCs) conducted nearly all their research and development (R&D) within the United States. Their focus on R&D at home helped establish the United States as the unrivaled leader of innovation and technology advances in the world economy. Since the late 1990s, however, the amount of R&D conducted overseas by US MNCs has grown nearly fourfold and its geographic distribution has expanded from a few advanced industrial countries (such as Germany, Japan, and Canada) to many parts of the developing world ..."
    Trust me?
    I'm an economist!

  8. #98
    Senior Contributor surfgun's Avatar
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    DJ over 27,000
    NASDAQ over 8,000
    S&P hovering at 2,999.9
    https://thehill.com/policy/finance/4...irst-time-ever

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