Trump Presidency

[TorontoGold]

Coming from a guy who claims to be a financial expert.

Still waiting for your response in the other thread regarding your economic theory and reasoning.

Maybe we should give Grandpa his phone back?

 

[Irish#1]

Still waiting for your response in the other thread regarding your economic theory and reasoning.

Maybe we should give Grandpa his phone back?

You see I took offense to you insinuating some weren't telling the truth about not voting for Trump. I see it stung a little bit when I gave you a dose of your own medicine. Maybe I'm just a little more high character than you, because I never once thought to question your financial experience or thought you lied about it.

You want your answer? Go back and read through the thread.

 

[TorontoGold]

You see I took offense to you insinuating some weren't telling the truth about not voting for Trump. I see it stung a little bit when I gave you a dose of your own medicine. Maybe I'm just a little more high character than you, because I never once thought to question your financial experience or thought you lied about it.

You want your answer? Go back and read through the thread.

It wasn't about "not voting" it's that many that said they didn't vote yet are in here defending him daily - which is certainly the case. I mean, your first instinct is always to say something about the person themselves rather than the issue. I'd much rather like to discuss finance topics with you, which I've stated multiple times, yet here we are exchanging "medicine". FTR - I am confident enough in my own abilities that you're free to question my knowledge and maybe I can learn something, I'm not as defensive as you may think.

Answers to why you think that the my points about items being relevant prior to 2021 have impacted today's economic conditions are incorrect? Maybe you can highlight them are just point to it.

 

[Irish#1]

It wasn't about "not voting" it's that many that said they didn't vote yet are in here defending him daily - which is certainly the case. I mean, your first instinct is always to say something about the person themselves rather than the issue. I'd much rather like to discuss finance topics with you, which I've stated multiple times, yet here we are exchanging "medicine". FTR - I am confident enough in my own abilities that you're free to question my knowledge and maybe I can learn something, I'm not as defensive as you may think.

Answers to why you think that the my points about items being relevant prior to 2021 have impacted today's economic conditions are incorrect? Maybe you can highlight them are just point to it.

I didn't vote for Trump and I have defended a number of his decisions, but I've also been pretty critical about him as well. Complaining that the Dems are holding these grandstanding hearings doesn't mean I'm or any of the others are defending Trump. Simply pointing out what a waste of taxpayer money and government time that could be better spent trying to fix things given their track record has been less than stellar in finding that needle in a haystack.

Now show me where I said they didn't have an impact. I said that the events from 14 years ago may still have some impact, but not that much as much has changed in 14 years. You don't think current events have far more impact on todays economy than what happened 14 years ago?

 

[TorontoGold]

I didn't vote for Trump and I have defended a number of his decisions, but I've also been pretty critical about him as well. Complaining that the Dems are holding these grandstanding hearings doesn't mean I'm or any of the others are defending Trump. Simply pointing out what a waste of taxpayer money and government time that could be better spent trying to fix things given their track record has been less than stellar in finding that needle in a haystack.

Now show me where I said they didn't have an impact. I said that the events from 14 years ago may still have some impact, but not that much as much has changed in 14 years. You don't think current events have far more impact on todays economy than what happened 14 years ago?

You say you've been critical, but you've only ever mentioned that you didn't like his demeanor or the way he handles himself.

Here's where you said very little, I pushed back on that and you didn't mention specifically why I am wrong that Obama's mismanaging of the recovery and Trump's 2018 tax cuts were quite impactful on the inflation numbers we are seeing. So, why am I incorrect in that? Of course today's current event's are impacting today's economy, however if the US took a hands off approach and didn't pitch in anything additionally US citizens would still be subject to inflationary pressures from other countries. You risk the possibility of a deflationary spiral, inflation is much easier to manage than deflation.

Can you provide an answer?

I'd give you a star, but my point is that was 14 years ago. There is very little from that recovery effecting today.

 

[Irish#1]

You say you've been critical, but you've only ever mentioned that you didn't like his demeanor or the way he handles himself.

Here's where you said very little, I pushed back on that and you didn't mention specifically why I am wrong that Obama's mismanaging of the recovery and Trump's 2018 tax cuts were quite impactful on the inflation numbers we are seeing. So, why am I incorrect in that? Of course today's current event's are impacting today's economy, however if the US took a hands off approach and didn't pitch in anything additionally US citizens would still be subject to inflationary pressures from other countries. You risk the possibility of a deflationary spiral, inflation is much easier to manage than deflation.

Can you provide an answer?

So being critical of his demeanor or the way he handles himself doesn't count? Got it.

Go back and find where I said that you were wrong about Obama. Never said it or suggested it. Are you saying what Obama did back then has as much impact today as it did then?

 

[chisea03]

Goes both ways. You can’t honestly believe Joe Biden won because people wanted him to be president, they just voted against Trump. America probably has one of the most uneducated and ignorant voter bases in the whole world. Party politics and the ability to vote straight ticket as an option on the ballot just enables this ignorance even further. People generally do not vote for a candidate but for the letter beside their name.

SHOCK POLL: Biden Beats Trump By 4 In New Survey – But VP Kamala Harris Beats Him By 15 POINTS.

Tommy Christopher

 

[TorontoGold]

So being critical of his demeanor or the way he handles himself doesn't count? Got it.

Go back and find where I said that you were wrong about Obama. Never said it or suggested it. Are you saying what Obama did back then has as much impact today as it did then?

It's not substantive in any way. If all I said was "Tommy Rees has terrible facial hair" then I wouldn't be able to claim that I've been highly critical of him.

You said it had very little to do with today, so again for the 8th time, why do you disagree with my statements about how Obama has contributed to this? When did I say Obama has as much impact on today?

Inflation is a global issue that ironically many here have not made the connection, how each country has set it self up for how it is going to deal with the inevitable recession/end of the cycle is where criticism should be leveled. You disagree with the spending, ok, what specifically was your issue with it? What should have been done instead? How would you have suggested the Gov to protect it's citizens against a deflationary spiral? These are all answers that would help understand your position besides you don't like me/Biden. Otherwise it's just a contrarian position.

 

[Cackalacky2.0]

It's not substantive in any way. If all I said was "Tommy Rees has terrible facial hair" then I wouldn't be able to claim that I've been highly critical of him.

You said it had very little to do with today, so again for the 8th time, why do you disagree with my statements about how Obama has contributed to this? When did I say Obama has as much impact on today?

Inflation is a global issue that ironically many here have not made the connection, how each country has set it self up for how it is going to deal with the inevitable recession/end of the cycle is where criticism should be leveled. You disagree with the spending, ok, what specifically was your issue with it? What should have been done instead? How would you have suggested the Gov to protect it's citizens against a deflationary spiral? These are all answers that would help understand your position besides you don't like me/Biden. Otherwise it's just a contrarian position.

Biden has reduced the deficit by 1.4 billion this year and almost as much last year. Crickets.

 

[ab2cmiller]

Biden has reduced the deficit by 1.4 billion this year and almost as much last year. Crickets.

Actually it was 1.4 trillion. I'm sure our economist friend Toronto can tell you how that took place and how Biden was so instrumental in achieving that cut. Mandatory spending related to pandemic funding finally fell off the books. But kudos to Mr. Biden.

We could have had a monkey as President and achieved a 1.8 trillion dollar reduction if Biden didn't decide to spend 400 billion with the stroke of a pen on student loan forgiveness. Bravo Mr. President, Bravo.

 

[TorontoGold]

Actually it was 1.4 trillion. I'm sure our economist friend Toronto can tell you how that took place and how Biden was so instrumental in achieving that cut. Mandatory spending related to pandemic funding finally fell off the books. But kudos to Mr. Biden.

We could have had a monkey as President and achieved a 1.8 trillion dollar reduction if Biden didn't decide to spend 400 billion with the stroke of a pen on student loan forgiveness. Bravo Mr. President, Bravo.

Snide remarks aside - I did look at it and generally yeah it is relating to COVID spending coming off the books. He has however had a reduction each year in spending, which is especially important given that the US has a September 30 YE. So for 2020 only March - Sept were included as pandemic months, whereas 2021 each month was part of the pandemic.

The funny thing about having an ape as President is that they'll give tax breaks to their buddies reducing revenues and increasing the deficit each year they're in office. A stroke of genius to do that during an economic expansion, a true bang up job. That ape almost matched an 8 year president that preceded him in the total amount contributed to the national debt, but in 4 years, things like no one has seen before.

 

[ab2cmiller]

Trump campaigned on being able to attack and significantly cut the deficit. In the end, they were empty words. It never was anything close to a priority. With that said, you would still have to take into account the pandemic spending. Some of which was necessary, some was federal pork. How much of a hand Trump had in crafting those bills is something I don't really know.

 

[Irish#1]

It's not substantive in any way. If all I said was "Tommy Rees has terrible facial hair" then I wouldn't be able to claim that I've been highly critical of him.

You said it had very little to do with today, so again for the 8th time, why do you disagree with my statements about how Obama has contributed to this? When did I say Obama has as much impact on today?

Inflation is a global issue that ironically many here have not made the connection, how each country has set it self up for how it is going to deal with the inevitable recession/end of the cycle is where criticism should be leveled. You disagree with the spending, ok, what specifically was your issue with it? What should have been done instead? How would you have suggested the Gov to protect it's citizens against a deflationary spiral? These are all answers that would help understand your position besides you don't like me/Biden. Otherwise it's just a contrarian position.

lol...........I've answered your question several times. It just wasn't with a set of graphs and and articles written by some economist that show Obama's impact was a specific percent. If that won't suffice, then sorry.

BTW, I dislike what Biden is doing, but I don't dislike you.

 

[Cackalacky2.0]

Actually it was 1.4 trillion. I'm sure our economist friend Toronto can tell you how that took place and how Biden was so instrumental in achieving that cut. Mandatory spending related to pandemic funding finally fell off the books. But kudos to Mr. Biden.

We could have had a monkey as President and achieved a 1.8 trillion dollar reduction if Biden didn't decide to spend 400 billion with the stroke of a pen on student loan forgiveness. Bravo Mr. President, Bravo.

Sorry trillion typo. But lol. What did Trump do to the deficit?

 

[Irish#1]

Sorry trillion typo. But lol. What did Trump do to the deficit?

If only reducing the deficit would stop this crazy inflation and bring prices back down.

 

[Cackalacky2.0]

 

[Cackalacky2.0]

If only reducing the deficit would stop this crazy inflation and bring prices back down.

The US has one of the lowest inflation rates of all developed countries. Meanwhile Exxon posted a $18.9 billion profit for Q3. This was more than their entire profit last year.

 

[Blazers46]

The US has one of the lowest inflation rates of all developed countries. Meanwhile Exxon posted a $18.9 billion profit for Q3. This was more than their entire profit last year.

Basic supply and demand. When Covid happened and all the gyms closed I would sell out of $20k of weights in 45 minutes. Weights were $1/lb all day. March through December 2020 I was selling weights for $5/lb and we still sold out in less than an hour making a ton. All of us were. Supply shortage does not mean the cost to produce goes up, you have to raise price so we just don’t simply run out. Exxon is making a profit because they are in the business to make a profit. Let’s pretend this shortage in diesel turns into no diesel for a lot of places. They stop making money and wish they would have capitalized on the demand while the supply was there.

 

[Irish#1]

The US has one of the lowest inflation rates of all developed countries.

One of the lowest doesn't mean it's low.

 

[Jiggafini19Deux]

I think suffocating the Republic for lower gas prices is a great idea. We'll probably wind up losing both, but hey, the economy you know?

 

[Cackalacky2.0]

 

[Irish#1]

 

[Irish#1]

Trump asks Supreme Court to stop IRS from turning over his tax returns to the House | CNN Politics

Former President Donald Trump has asked the Supreme Court to put on hold the release of his tax returns by the Internal Revenue Service to a Democratic-led House committee.

www.cnn.com

 

[chisea03]

Trump Organization lawyer Susan Necheles told the jury during opening statements on Monday that the fraud scheme "started with" former Trump Organization CFO Allen Weisselberg "and it ended with Allen Weisselberg."

Quote from "Business Insider"

 

[chisea03]

 

[Bishop2b5]

 

[Cackalacky2.0]

Trump Organization lawyer Susan Necheles told the jury during opening statements on Monday that the fraud scheme "started with" former Trump Organization CFO Allen Weisselberg "and it ended with Allen Weisselberg."

Quote from "Business Insider"

Of course she did. They gonna sell him out and call him a liar. Bet he has receipts.

 

[chisea03]

Of course she did. They gonna sell him out and call him a liar. Bet he has receipts.

Then there’s the following:

Hoffinger described Weisselberg as a prime beneficiary of the tax fraud scheme and rattled off a list of tax-free benefits he enjoyed on the Trump Org dime: rent for a luxury Manhattan apartment for his son’s young family, utility bills, parking garage fees, a Mercedes for him and his wife, apartment furnishings in New York City and Florida, and cash payments.

"On top of all that, Donald Trump paid for Allen Weisselberg’s grandchildren’s school tuition," said Hoffinger, who is heading the Manhattan district attorney’s criminal case against Trump’s companies and its broader investigation.

Hoffinger continued to reveal that Weisselberg directed company controller Jeffrey McConney to reduce his salary by the price of his expenses when he thought he was getting too much.

Hoffinger said Vice President Matthew Calamari also enjoyed a company owned-apartment on Park Ave and a tax-free Mercedes. Weisselberg’s son, Barry Weisselberg, got a rent-free apartment overlooking Central Park, where he managed Trump’s cash-only ice rink.

Necheles said there was no evidence the Trump entities cheated on corporate taxes. She said Weisslberg was throwing them under the bus, as the justice system had railroaded him.

 

[Cackalacky2.0]

Then there’s the following:

Hoffinger described Weisselberg as a prime beneficiary of the tax fraud scheme and rattled off a list of tax-free benefits he enjoyed on the Trump Org dime: rent for a luxury Manhattan apartment for his son’s young family, utility bills, parking garage fees, a Mercedes for him and his wife, apartment furnishings in New York City and Florida, and cash payments.

"On top of all that, Donald Trump paid for Allen Weisselberg’s grandchildren’s school tuition," said Hoffinger, who is heading the Manhattan district attorney’s criminal case against Trump’s companies and its broader investigation.

Hoffinger continued to reveal that Weisselberg directed company controller Jeffrey McConney to reduce his salary by the price of his expenses when he thought he was getting too much.

Hoffinger said Vice President Matthew Calamari also enjoyed a company owned-apartment on Park Ave and a tax-free Mercedes. Weisselberg’s son, Barry Weisselberg, got a rent-free apartment overlooking Central Park, where he managed Trump’s cash-only ice rink.

Necheles said there was no evidence the Trump entities cheated on corporate taxes. She said Weisslberg was throwing them under the bus, as the justice system had railroaded him.

I’m absolutely sure Trump had nothing to do with that or he would allow Allen to do that without his knowledge. Lol.

 

[arahop]

Basic supply and demand. When Covid happened and all the gyms closed I would sell out of $20k of weights in 45 minutes. Weights were $1/lb all day. March through December 2020 I was selling weights for $5/lb and we still sold out in less than an hour making a ton. All of us were. Supply shortage does not mean the cost to produce goes up, you have to raise price so we just don’t simply run out. Exxon is making a profit because they are in the business to make a profit. Let’s pretend this shortage in diesel turns into no diesel for a lot of places. They stop making money and wish they would have capitalized on the demand while the supply was there.

That's known as price gouging which in turn is a large part of inflation. Pharma is business not to save lives but to make a profit. Doesn't make it right