f7ben Posted October 2, 2022 Share Posted October 2, 2022 1 hour ago, SkisNH said: You've already been proven wrong on Trump and the FED, then you declare yourself right and call the end....very Trump of you. Benny too many = Trump You know what to do. You proved nothing you fucking moron...like you were telling me something I didn’t know you’re dumb as a fucking stump and willfully ignorant also Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 (edited) 15 hours ago, f7ben said: Trump appointed , Powell. Trump badgered them for lower rates and QE. Trump cut taxes , Trump expanded spending. All on Trump and far worse than Biden. The end fact Trump wants the Fed to push interest rates down to zero or even into negative territory. https://www.cnbc.com/2019/10/31/trump-rails-against-powell-day-after-fed-cuts-rates-for-a-third-time-this-year.html Edited October 2, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 20 minutes ago, f7ben said: You proved nothing you fucking moron...like you were telling me something I didn’t know you’re dumb as a fucking stump and willfully ignorant also You thought/think Powell could bend to Trumps will....ignoring the board of Governors. You call people stupid then you make a fucking ass if yourself. Great job Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 2 minutes ago, Crnr2Crnr said: fact Trump wants the Fed to push interest rates down to zero or even into negative territory. https://www.cnbc.com/2019/10/31/trump-rails-against-powell-day-after-fed-cuts-rates-for-a-third-time-this-year.html He did...but that doesn't mean he can make him change the rates as Ben suggested. This totally ignore the board of Governors that are not politically appointed. Fact Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 then he wanted negative interest rates... in other words it would COST you money to keep your money in the bank. how fucking idiotic is that? https://www.reuters.com/article/us-usa-fed-trump-rates-idUSKBN22P38I Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 Just now, Crnr2Crnr said: then he wanted negative interest rates... in other words it would COST you money to keep your money in the bank. how fucking idiotic is that? https://www.reuters.com/article/us-usa-fed-trump-rates-idUSKBN22P38I True...but he was laying QE and the rates at trumps feet...when it's the FED Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 (edited) 19 minutes ago, SkisNH said: True...but he was laying QE and the rates at trumps feet...when it's the FED https://www.reuters.com/article/us-usa-fed-trump/trump-tried-to-pressure-fed-chair-powell-on-coronavirus-response-washington-post-idUSKBN20Z02O why was Trump pressuring the fed to keep lowering interest rates in a 'good' economy? did lower (historically the lowest) rates under Trump and Biden contribute to inflation and a stock market explosion that made the dot-com bubble look like a tiny bump in the road? not to mention the stimulus... which Trump was also pushing for more on? @f7ben Edited October 2, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 6 minutes ago, Crnr2Crnr said: https://www.reuters.com/article/us-usa-fed-trump/trump-tried-to-pressure-fed-chair-powell-on-coronavirus-response-washington-post-idUSKBN20Z02O why was Trump pressuring the fed to keep lowering interest rates in a 'good' economy? did lower (historically the lowest) rates under Trump and Biden contribute to inflation and a stock market explosion that made the dot-com bubble look like a tiny bump in the road? not to mention the stimulus... which Trump was also pushing for more on? @f7ben Clearly because he wanted more Stimulus to buy votes from the American people....Still the FED is independent and that is a fact. Otherwise wouldn't Dementia Joe just fire Powell to get rates back down? Instead Powell raises rates and Joe spends more money....just fucking stupid. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 1 minute ago, SkisNH said: Clearly because he wanted more Stimulus to buy votes from the American people....Still the FED is independent and that is a fact. Otherwise wouldn't Dementia Joe just fire Powell to get rates back down? Instead Powell raises rates and Joe spends more money....just fucking stupid. and he wanted his name on the checks... correct, the fed is independent. again, why the pressure campaign on a branch that isn't 'political'? Trump constantly tweeted about the stock market... incessently https://www.marketwatch.com/story/economy-gives-trump-narrow-advantage-in-2020-election-but-it-has-little-to-do-with-stock-market-says-goldman-2019-04-15 lower rates from the Fed are what Wall St. loves, look at the market since rates have gone back to 'reality' Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 2, 2022 Share Posted October 2, 2022 1 minute ago, Crnr2Crnr said: and he wanted his name on the checks... correct, the fed is independent. again, why the pressure campaign on a branch that isn't 'political'? Trump constantly tweeted about the stock market... incessently https://www.marketwatch.com/story/economy-gives-trump-narrow-advantage-in-2020-election-but-it-has-little-to-do-with-stock-market-says-goldman-2019-04-15 lower rates from the Fed are what Wall St. loves, look at the market since rates have gone back to 'reality' How does the performance comparison look now? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 (edited) remember this? https://nymag.com/intelligencer/2020/03/trump-brags-of-stock-market-surge-from-coronavirus-presser.html Edited October 2, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 Just now, ArcticCrusher said: How does the performance comparison look now? not well... but the rate increases were inevitable, were they not? was the market on a sustainable path from 3/2020 until 12/20 ? you know the answer.... Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 2, 2022 Share Posted October 2, 2022 (edited) 15 minutes ago, SkisNH said: Clearly because he wanted more Stimulus to buy votes from the American people....Still the FED is independent and that is a fact. Otherwise wouldn't Dementia Joe just fire Powell to get rates back down? Instead Powell raises rates and Joe spends more money....just fucking stupid. Why do you ignore massive increases in fed spending under Trump and also his cutting taxes in an already hot economy??? Edited October 2, 2022 by f7ben Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 then... the Rona happened and production/consumption was cut dramatically. https://www.bloomberg.com/opinion/articles/2020-04-02/trump-s-10-million-oil-barrel-tweet-is-performance-art how much did Kushner get from MBS? 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 5 minutes ago, f7ben said: Why do you ignore massive increases in fed spending under Trump and also his cutting taxes in an already hot economy??? trump blindness... effects the vision of 38% of republican voters Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 3 minutes ago, Crnr2Crnr said: then... the Rona happened and production/consumption was cut dramatically. https://www.bloomberg.com/opinion/articles/2020-04-02/trump-s-10-million-oil-barrel-tweet-is-performance-art how much did Kushner get from MBS? A cool 2 Billion…as far as we know.🤔😉 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 Just now, Jimmy Snacks said: A cool 2 Billion…as far as we know.🤔😉 No deep state doings there. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 1 minute ago, Steve753 said: No deep state doings there. master of the grift... Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 2, 2022 Share Posted October 2, 2022 55 minutes ago, f7ben said: Why do you ignore massive increases in fed spending under Trump and also his cutting taxes in an already hot economy??? Why do you ignore that more than half of that spending was right at the onset of the pandemic with the world being shut down cold? And before the pandemic he did it to put more take home pay in the middle class pockets to stimulate the economy, which it did. He already told the congress that his next budget would not be the same.....you know...those people who actually load the thing up with pork and make deals with each other to get it passed. Now please for the love of god, please shut the fuck up you windup repeating sock puppet. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 1 hour ago, f7ben said: Why do you ignore massive increases in fed spending under Trump and also his cutting taxes in an already hot economy??? I don't ignore the FEDs actions...they simply aren't controlled by the executive branch. Secondly, I support tax reform. I hoped for either the FAIR tax or the Flat tax but will take a reduction in rates any a consolation prize. Last year I paid much more than most make in federal income tax...then the lefties say I don't pay my fair share. Trump could only have reduced the tax rates with both the house and Senate...it was politically necessary to do it earlier in his term. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 10 minutes ago, DriftBusta said: Why do you ignore that more than half of that spending was right at the onset of the pandemic with the world being shut down cold? And before the pandemic he did it to put more take home pay in the middle class pockets to stimulate the economy, which it did. He already told the congress that his next budget would not be the same.....you know...those people who actually load the thing up with pork and make deals with each other to get it passed. Now please for the love of god, please shut the fuck up you windup repeating sock puppet. The CBO estimated in 2018 that the tax cut would increase deficits by about $1.9 trillion over 11 years. Trump had the third-biggest primary deficit growth, 5.2% of GDP, behind only George W. Bush (11.7%) and Abraham Lincoln (9.4%). Bush, of course, not only passed a big tax cut, as Trump has, but also launched two wars, which greatly inflated the defense budget. Lincoln had to pay for the Civil War. By contrast, Trump’s wars have been almost entirely of the political variety. Our national debt is now at its highest level relative to our economy since the end of World War II. After the war ended, the extraordinary military expenses disappeared, a postwar recovery began and the debt began to fall rapidly relative to the size of the economy. https://www.propublica.org/article/national-debt-trump let's also not forget his trade wars... which in premise I wasn't totally opposed to, his execution on the other hand, right on brand. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 also, if Biden ever declares he increased tax revenue during his tenure I'll bust balls as well. how much $ alone was raised in Capital Gains since he took office. lot of homes, stocks, etc. have created a shit ton of cap gains exposure. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 (edited) 17 minutes ago, Crnr2Crnr said: The CBO estimated in 2018 that the tax cut would increase deficits by about $1.9 trillion over 11 years. Trump had the third-biggest primary deficit growth, 5.2% of GDP, behind only George W. Bush (11.7%) and Abraham Lincoln (9.4%). Bush, of course, not only passed a big tax cut, as Trump has, but also launched two wars, which greatly inflated the defense budget. Lincoln had to pay for the Civil War. By contrast, Trump’s wars have been almost entirely of the political variety. Our national debt is now at its highest level relative to our economy since the end of World War II. After the war ended, the extraordinary military expenses disappeared, a postwar recovery began and the debt began to fall rapidly relative to the size of the economy. https://www.propublica.org/article/national-debt-trump let's also not forget his trade wars... which in premise I wasn't totally opposed to, his execution on the other hand, right on brand. So which is it the tax cuts are stimulus or they add to the debt...just a reminder that jkf gwb and trumps reduction in tax rates ALL lead to higher revenues at the treasury...you can't extrapolate the first year revenue loss.... Google a chart revenue to the treasury it always goes up..except financial crash and covid and such....but it always goes up. The fact that it always goes up proves we have a spending problem not a revenue problem. If you would like to pay higher taxes there is a place on your return where you can add additional monies. Edited October 2, 2022 by SkisNH Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 2, 2022 Share Posted October 2, 2022 3 minutes ago, SkisNH said: So which is it the tax cuts are stimulus or they add to the debt...just a reminder that jkf gwb and trumps reduction in tax rates ALL lead to higher revenues at the treasury...you can't extrapolate the first year revenue loss.... Google a chart revenue to the treasury it always goes up..except financial crash and covid and such....but it always goes up. The fact that it always goes up proves we have a spending problem not a revenue problem. If you would like to pay higher taxes there is a place on your return where you can add additional monies. We were talking about creating massive inflation ....remember retard??? Fucking moron Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 2, 2022 Share Posted October 2, 2022 1 minute ago, f7ben said: We were talking about creating massive inflation ....remember retard??? Fucking moron You strut like fucking rooster even when wrong. Clearly corner is smarter than you you should just let him make your arguments for you in the future. Quote Link to comment Share on other sites More sharing options...
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