POLITICS President Trump: 100+ Mornings After

Discussion in 'Politicants' started by IP, Apr 30, 2017.

  1. IP

    IP Grusader Knight Errant of the 8th Order

    it's a focus on the future- less services and state opportunities, more debt. it's not a recipe of a superpower.
     
  2. IP

    IP Grusader Knight Errant of the 8th Order

    does revenue not generally increase over time, along with GDP?
     
  3. Poppa T

    Poppa T Well-Known Member

    The article originally posted was discussing 2018 individual tax revenue going up. 2018 Corporate taxes went down. You said that total tax revenue was up. Total 2018 tax revenue was down.

    I do not think tax revenue figures are in for "today" (2019) for any meaningful analysis.

    Edit: The WSJ article provides a fairly good description and pretty graph for those that like pictures.
     
  4. droski

    droski Super Moderator

    Why does there have to be more debt? Less services is a good thing as far as I’m concerned
     
  5. droski

    droski Super Moderator

    It’s not supposed to when you make a tax cut according to democrats
     
  6. TennTradition

    TennTradition Super Moderator

    I don’t know what percentage but a huge amount of that money went into stock buybacks.
     
  7. droski

    droski Super Moderator

    https://www.investors.com/politics/editorials/trump-tax-cuts-federal-revenues-deficits/
     
  8. droski

    droski Super Moderator

    Not correct. Stock buybacks didn’t go up by a higher percentage compared to prior year growth before the tax cut. It’s a nice talking point, but not based in reality.
     
  9. TennTradition

    TennTradition Super Moderator

    I don’t know the answer but how does that compare to the 5 year average?

    My company decreased workforce and increased share buybacks last year - so I guess the inverse of the mean compared to your data.
     
  10. droski

    droski Super Moderator

    Right in line and what you would expect for a year where earnings went up 40 percent.

    Very few companies decreased their workforce. Jobless claims were at all time lows at one point last year.
     
  11. TennTradition

    TennTradition Super Moderator

    No doubt. Unemployment numbers kept working there way down including a rather large step down at one point.

    Our earnings were most definitely not up 40%, thus the workforce comment.

    It’s incredible what’s going on this year. Manufacturing is grinding to a halt since second half last year. Orders are horrible. Globally manufacturing continues to sink. Global oil demand growth won’t even break 1 MM barrels per day y/y growth this year by my estimation. We’ve only averaged about 0.7 growth for the first half of the year but I think that’ll tick up by year end. Still, the business of making things seems to be a very different world from what otherwise seems to be a strong services economy.
     
  12. Poppa T

    Poppa T Well-Known Member

    Interesting presentations of data. Appears one is for "full calendar" year and other is "fiscal" year.

    WSJ:
    WASHINGTON—Federal tax revenue declined 0.4% in 2018, the first full calendar year under the new tax law, despite robust economic growth and the lowest unemployment rate in nearly five decades.

    The Treasury Department said Wednesday federal revenue totaled $3.33 trillion last year, while federal spending totaled $4.2 trillion, a 4.4% increase from the previous year.

    IBD:
    Overall, federal revenues came in slightly higher in FY 2018 — up 0.5%.
     
  13. droski

    droski Super Moderator

    Not sure. I haven’t seen any statistics to show manufacturing slowing in this country.
     
  14. droski

    droski Super Moderator

    Well I see little chance this year won’t be the greatest in history given the trajectory and economic growth
     
  15. TennTradition

    TennTradition Super Moderator

    It’s slowing but Europe and Asia are declining faster. Our feedstock prices are very attractive which is leading to attractive basic chemicals as well domestically. And we are coming of a higher high so to speak. But Europe manufacturing is contractionary. As is China. US is very close.
     
  16. droski

    droski Super Moderator

    Us numbers are still in expansion territory. Europe is contracting

    https://www.cnbc.com/2019/06/03/ism-manufacturing-index-52point1-vs-53-est.html
     
  17. TennTradition

    TennTradition Super Moderator

    Yeah I’m familiar with them. We (US) are gliding down with the rest of the globe but we started from a higher level. Europe already there. China already contractionary. Most are forecasting global contraction with numbers gliding into 48-49 territory. US should be able to remain slightly expansionary. It’s a very different story than other aspects of the economy.
     
    droski likes this.
  18. GahLee

    GahLee Director of Conspiracy Theories, 8th Maxim

    Joe Biden, the odds on favorite to win the Democratic nomination, says he will cure cancer if elected President. Can you imagine what this goon will say during live debates? At least he will have Rachel Maddow tossing him softballs while she laserbeams Trump.
     
  19. kmf600

    kmf600 Has VIP access/energy vampire

    That's almost as good as inventing the internet
     
  20. The Dooz

    The Dooz Super Moderator

    Biden is the liberal version is Trump.

    Beating a complete [uck fay]ing moron with a complete [uck fay]ing moron is certainly an interesting strategy. Basically, does America want to keep their idiot, or get a new idiot?
     

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