Dow dives nearly 800 points on fears of economic slowdown

Well if tax rates don't effect tax revenue then let's lower income tax and capital gains tax rates to 5% for everyone.

Clinton raised tax rates during a strong upward revenue increase hitting 9% before and that growth fell to 7%.
Gingrich and Kasich lower tax rates and tax revenue increase hit 10%
Bush43 and Republicans lower tax rates and tax revenue increase hit 15%
Bush43 and Republican 15% capgains rate produced doubled the revenues as Clinton's 29% rate.

Are you saying the rates had nothing to do with it?

 

basic math. it is a mathematical impossibility to increase revenues, by decreasing revenues.

 

Well 2007 was a major shift in political power and policy, why do you think it should be ignored?

 

Specious never made the claim.

Have you answered my questions yet or still obfuscating?

 

huh?

 

The deficit grew by 17% in 2018 and is projected to grow by 50% in 2019. Considering we’re in a time of economic growth, the federal deficit shouldn’t be growing AT ALL.

Stock buybacks aren’t investments in the WORKFORCE, which is what was was promised with the tax cuts.

Revenue projections decreased, which is the issue you’re not addressing. Revenues were supposed to be higher without the tax cut, so pointing out that tax revenues still increased is an irrelevant distraction.

 

Market is doing just fine today.

We're buying new Lincoln convertibles and getting some great tail.

 

The fact that you think I’m claiming tax rates don’t affect revenues when I point out that revenue, by design, should increase yearly is quite embarrassing for you.

I don’t have time to check your claims, so if you’re actually going to use this as an argument then you need to provide some figures.

 

LOL, driven by the raised FED rates which are designed to slow down the economy.

 

It was a bi-partisan bill negotiated by Democrats AND Republicans and there was also bipartisan opposition including the ACLU.

 

Sad, man, very sad. Let me know when you have more than a strawman argument.

 

Now as for your accusation.

"You need to stop living in a world where you can only deal with two nominal variables in a vacuum."


I again would argue it's you doing this not I. I admitted Trump is a fallible human being. It's you that seems to think he is one thing and one thing only as in wrong on every count.
I will end this conversation for today due to the fact that you have descended to a point where your every post is couched in childish slander and ridicule which is evidence of your feeling defeated so you lash out in rage. I give people several chances with this but eventually they make my ignore list if they prove themselves incapable of polite discussion and debate.
Remember the following and have a good day.

"When debate is lost slander is the tool of the loser"

 

Up 500 today.

Thank you, Mr. President.

 

First of course I don't credit Obama with the recovery but I do credit the fact that Obama did save the US ftom the Bush potential financial collapse . And second, not that facts seem to impact your thinking, but what I said was the economic recovery started during the Obama first term, continued through his second term and has now continued at least so far into the Trump administration. Neither you nor anyone else can post any measure of the economy that has shown any significant change in trajectory since Trump took office. That of cource excludes the national debt.

 

First off, I admitted that tax revenue increased, not that the tax cuts increased tax revenue. In fact, I’ve been rebutting that claim since the beginning. So, again, I question your ability to comprehend nuance. Tax revenue increases almost every year and was projected to increase regardless of the tax cuts, but now the PERCENT of the increase has diminished. Before we continue, I need you to say you understand the distinction.

 

Actual information should anyone want to confuse the discussion with facts:

http://www.crfb.org/blogs/tax-bill-did-not-cause-revenue-rise


Or: https://fred.stlouisfed.org/series/FYFRGDA188S

Or : https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762

 

Removing tariffs that don't choke our economy.

 

It was a republican that wouldn't bring it to the floor for a vote. That's what counts.

 

Keep drinking the koolaid. Negotiations don't begin and end with "give me what I want or I'm going home". That sure is some art your dealmaker in chief is exhibiting.

 

Budgets are passed now. Thanks for proving my point

 

WALL ST WILD!
STOCKS ROAR BACK
DOW +600

 

Actually before we continue I'd need you to back that claim up with evidence.

 

So therefore you do want to remove tariffs on both ends?
You don't think both heavy tariffs against U.S. products, and the use of comparatively slave wages in China hurts our economy?
Each of these immensely helps provide profits to elite shareholders across the board, however it of course has been devastating to the middle class.
That is who you are for, right?

 

As of 3:45 EST the market is up 4.3% but it isn't up on an improving economy or good economic news. It's ordinary old fear and greed driving it. Traders saw the huge drop over the last 8 trading sessions and knew it was time for a correction. I advised my own sister to buy into a bear fund ETF on a correction that I said we would see in the next day or two. Traders knew there would be a correction and the early ones in are cleaning up. Give it no more than 3 days and it will turn down again.

So Drudge's "roar" is going to become a whimper very soon.

 

Dow dives nearly 800 points on fears of economic slowdown

Dow soars over 1000 points on fears of economic slowdown