A "report card" on Trump's tax scam......

[Lesh]

Prime Rate History (Monthly)

Look over this graph of the month to month period in this century, and explain your comment on The FED under Bush II, Obama and Trump.

I take it that you're not aware that the Fed interest rate and the Prime Rate are two different things.

Prime tracks with the Fed rate

 

[Lesh]

How did failed former President Barack Hussein Obama not take credit for lowering interest rates? Those interest rates were what fueled the weakest recovery in our history.

What "fueled" the weakest recovery in our history were GOP tactics like the Sequester and government shut downs.

Republicans fought recovery tooth and nail so they could MAKE claims like that

 

[DBA]

All you have to do is look at when they started raising the rate, wry. Even Stevie Wonder could see what was going on.
A partisan hack would never admit to it.

The Fed cut the rate to 0% because of the crash which began in Sept. 2007, a month after Obama was nominated and nearly four months before he took office:

"The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%."

what was the fed interest rate in 2008 - Google Search

You have now been exposed as a Damn Liar!

Fed's Kashkari calls for no more rate hikes until inflation hits 2%

You idiot....what was the interest rates in June of 2016? 7+ years after the recession ended.
You're loose with calling people liars, but apparently, too damn stupid to even understand the conversation.

You moved the goal posts. I don't give a shit what was the interest rate in June 2016; you made a claim to denigrate President Obama and mislead the reader that trump saved us from the Bush era Great Recession.

I'm right, you are too damn stupid to even understand the conversation, wry.
More taxation + low fed fund rates = higher revenues. This was over Obama's entire tenure....after the recession ended.
No goal post was moved.
idiot

The recession was over by definition in 2009. Only a fucking idiot thinks that the effects end too.

YOUR team fucked the economy so bad it took several years. The Fed had to keep interest ratyes that low to allow us to recover.

We were recovering.

The feds had started raising the interest rates as the economy improved.

Trump came along & claimed our economy was the best ever,. Sooooo strong. On FIRE!!!!!!!!!!.

Idiots like you believed it.


Now the Fed had to bail out Trump's G.O A.T. economy. Trumps GOAT economy wass running up the debt. Trump's GOAT economy job creation has been weak.
you assdfucks can try to blame Obama all you want. The fact is Bush & the Republicans nearly killed America, Obama brought us back. Trump is sending us back down the road to increasing debts & soon a recession.

Republicans suck. They can't govern. Their only purpose is to hand money to wealthy people, start wars, and destroy the economy.

Have you noticed the world economy? You know, those brilliant liberals over in Europe are having one heck of a time. Our fed has been lowering rates in response to their negative rates. The US is doing very well compared to the rest of the world, which just happens to subscribe to the lefist, nutso agenda the Democrats are pushing, with one small exception. The majority of the leftist nuts running on the Democratic ticket support policiies that are even more left than the vast majority of Europe.(ex: wealth tax)

If one of the lefts wackadoodles gets elected, our economy will totally crash and the lemmings that voted for him/her will blame Trump.

 

[Lesh]

The recovery from 2008 took longer for Europe because they bought into the right wing "austerity" bullshit.

Republicans tried it here and were "successful" in slowing the recovery...but not as badly as happened in Europe

 

[DBA]

The recovery from 2008 took longer for Europe because they bought into the right wing "austerity" bullshit.

Republicans tried it here and were "successful" in slowing the recovery...but not as badly as happened in Europe

Not sure where you have been, but Europe's economies have been trailing the US in leading indicators for as long as I can remember. GDP per capita is less that 1/2 of that in the US. The more Socialists leaning countries, even further lagging.

 

[Lesh]

The recovery from 2008 took longer for Europe because they bought into the right wing "austerity" bullshit.

Republicans tried it here and were "successful" in slowing the recovery...but not as badly as happened in Europe

Not sure where you have been, but Europe's economies have been trailing the US in leading indicators for as long as I can remember. GDP per capita is less that 1/2 of that in the US. The more Socialists leaning countries, even further lagging.

I been right here...watching Europe stupidly engage in an austerity reaction to the 2008 Recession...and seeing how slowly they recovered compared to us

 

[Lesh]

As far as that "tax cut".

Folks...you're not stupid. You can SEE your friggin paychecks.

The tax cut was in your paychecks throughout the year . In fact the Trump Admin changed the withholding so that less taxes were taken out aside from the tax cut (to make it seem bigger and hopefully get you spending to boost the economy)

Did you notice it?

For most...you did NOT, because even with that added boost it amounted to very little when spread across 52 pay checks.

But having the withholding change DID do something most of you DID notice. Since less tax was withheld...your refund was SMALLER.

People noticed THAT

 

[Wry Catcher]

The Fed cut the rate to 0% because of the crash which began in Sept. 2007, a month after Obama was nominated and nearly four months before he took office:

"The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%."

what was the fed interest rate in 2008 - Google Search

You have now been exposed as a Damn Liar!

Fed's Kashkari calls for no more rate hikes until inflation hits 2%

You idiot....what was the interest rates in June of 2016? 7+ years after the recession ended.
You're loose with calling people liars, but apparently, too damn stupid to even understand the conversation.

You moved the goal posts. I don't give a shit what was the interest rate in June 2016; you made a claim to denigrate President Obama and mislead the reader that trump saved us from the Bush era Great Recession.

I'm right, you are too damn stupid to even understand the conversation, wry.
More taxation + low fed fund rates = higher revenues. This was over Obama's entire tenure....after the recession ended.
No goal post was moved.
idiot

The recession was over by definition in 2009. Only a fucking idiot thinks that the effects end too.

YOUR team fucked the economy so bad it took several years. The Fed had to keep interest ratyes that low to allow us to recover.

We were recovering.

The feds had started raising the interest rates as the economy improved.

Trump came along & claimed our economy was the best ever,. Sooooo strong. On FIRE!!!!!!!!!!.

Idiots like you believed it.


Now the Fed had to bail out Trump's G.O A.T. economy. Trumps GOAT economy wass running up the debt. Trump's GOAT economy job creation has been weak.
you assdfucks can try to blame Obama all you want. The fact is Bush & the Republicans nearly killed America, Obama brought us back. Trump is sending us back down the road to increasing debts & soon a recession.

Republicans suck. They can't govern. Their only purpose is to hand money to wealthy people, start wars, and destroy the economy.

Have you noticed the world economy? You know, those brilliant liberals over in Europe are having one heck of a time. Our fed has been lowering rates in response to their negative rates. The US is doing very well compared to the rest of the world, which just happens to subscribe to the lefist, nutso agenda the Democrats are pushing, with one small exception. The majority of the leftist nuts running on the Democratic ticket support policiies that are even more left than the vast majority of Europe.(ex: wealth tax)

If one of the lefts wackadoodles gets elected, our economy will totally crash and the lemmings that voted for him/her will blame Trump.

If trump is returned to office his ego will swell and his sense of all powerful will lead to an even a greater sense of megalomania than he has now. He's a bully and we will see a tumped up reason to invade and occupy Venezuela, for their oil and a footstep into South America.

Of course that is speculation, a fiction which may never happen, but one I feel should not be out of the realm of possibility in the minds of the voters.

 

[RealDave]

The recovery from 2008 took longer for Europe because they bought into the right wing "austerity" bullshit.

Republicans tried it here and were "successful" in slowing the recovery...but not as badly as happened in Europe

Not sure where you have been, but Europe's economies have been trailing the US in leading indicators for as long as I can remember. GDP per capita is less that 1/2 of that in the US. The more Socialists leaning countries, even further lagging.

The US ranks tenth. How many European countries rank ahead of the US? 3 or 4?

 

[RealDave]

In the next few days we will hear more reports on exactly how "successful" Trump's tax scam has proven to our economy.

But, before that....bear this in mind....Obama took the unemployment rate down by almost SIX percentage points......while Trump lowered it still by a HALF of a percentage point.
Second, the GDP (not the best of economic indicators) was also high for Obama when the computation is made by quarters and not by year.

Now.......The Trump TAX SCAM

Remember that when the law was passed, Trump (as usual) went down vacationing to Mar-a-Lago and told his friends, :I JUST MADE YOU GUYS A LOT RICHER...."

We are learning that the number of large corporations who paid ZERO taxes in the last two years has DOUBLED.

We are also learning that the tax revenue coming in to Treasury for 2018, is THIRTY-ONE lower.......and this deficit explains why Trump had to borrow $1.4 TRILLION to finance his scam.

Bear in mind that an apropos analogy boils down to this:

Trump went and took a second mortgage on your home.........handed you a couple of thousand dollars......and left you with the higher payment on your debt to handle in the years to come....

REMEMBER.......the tax cuts is PERMANENT for folks like Trump.....and only TEMPORARY for middle and lower classes...........NICE, HUH???


These 60 Companies (Legally) Paid $0 In Taxes Last Year ...

Notice that those who found your

The funny thing is, when Clinton and Obama raised taxes, federal revenues increased to record levels.

But since that doesn't fit into the pseudocon narrative, the parroting rubes are never informed of this fact. Their propagandists absolutely depend on their credulity, ignorance, and inability to check things out for themselves.

Well, with Obama's near 0% interest rates, it does have that kind of affect.

A lie by omission ^^^

The Fed Sets the Interest Rate.

Meister actually omitted nothing. The Fed may set the interest rate but who takes the credit? If you guessed Obama took the credit you guessed right. Meister certainly did, only he wasn't guessing. I've been here eight years. Meister has never once lied. Not even one time. That's why he is a Moderator and you're grovelling in dirt.

Meister, your other posting name, is an ass. The fed operates on its own & reacts to the economic situation.

 

[RealDave]

The Fed does what it does. Obama never took credit for lowering the interest rates. They were lowered thanks to the Bush Recession.

How did failed former President Barack Hussein Obama not take credit for lowering interest rates? Those interest rates were what fueled the weakest recovery in our history.

Just to remind all our FRIENDS from the far left, the responsibility for the housing/mortgage/financial meltdown lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton.

You people are such asses. The Fed set the interest rate based on the huge fuck uo by George W Bush. Not by what Obama did. Obama deserves cedit for the ARRA & a long string of job & economic growth.

I have news, when you have the worst recession in 80 years, you have the worse recession in 80 years.

What part of that are you assfucks too stupid to get?

I love it., How did Barney Frank do anything in a minority position in the House? Please explain that.

Jimmy Carter? Really? What did Jimmy do that sat idle for 30 years & then popped up & killed our economy. Please explain that whopper.

And of course, running two unfunded quagmire wars, two unfunded tax cuts, a huge unfunded expansion to Medicare had nothing to do with anything. Right moron?

Republicans - a bunch of whiny little girls who can't admit their party nearly fucked America to death.

 

[Meister]

You idiot....what was the interest rates in June of 2016? 7+ years after the recession ended.
You're loose with calling people liars, but apparently, too damn stupid to even understand the conversation.

You moved the goal posts. I don't give a shit what was the interest rate in June 2016; you made a claim to denigrate President Obama and mislead the reader that trump saved us from the Bush era Great Recession.

I'm right, you are too damn stupid to even understand the conversation, wry.
More taxation + low fed fund rates = higher revenues. This was over Obama's entire tenure....after the recession ended.
No goal post was moved.
idiot

The recession was over by definition in 2009. Only a fucking idiot thinks that the effects end too.

YOUR team fucked the economy so bad it took several years. The Fed had to keep interest ratyes that low to allow us to recover.

We were recovering.

The feds had started raising the interest rates as the economy improved.

Trump came along & claimed our economy was the best ever,. Sooooo strong. On FIRE!!!!!!!!!!.

Idiots like you believed it.


Now the Fed had to bail out Trump's G.O A.T. economy. Trumps GOAT economy wass running up the debt. Trump's GOAT economy job creation has been weak.
you assdfucks can try to blame Obama all you want. The fact is Bush & the Republicans nearly killed America, Obama brought us back. Trump is sending us back down the road to increasing debts & soon a recession.

Republicans suck. They can't govern. Their only purpose is to hand money to wealthy people, start wars, and destroy the economy.

Have you noticed the world economy? You know, those brilliant liberals over in Europe are having one heck of a time. Our fed has been lowering rates in response to their negative rates. The US is doing very well compared to the rest of the world, which just happens to subscribe to the lefist, nutso agenda the Democrats are pushing, with one small exception. The majority of the leftist nuts running on the Democratic ticket support policiies that are even more left than the vast majority of Europe.(ex: wealth tax)

If one of the lefts wackadoodles gets elected, our economy will totally crash and the lemmings that voted for him/her will blame Trump.

If trump is returned to office his ego will swell and his sense of all powerful will lead to an even a greater sense of megalomania than he has now. He's a bully and we will see a tumped up reason to invade and occupy Venezuela, for their oil and a footstep into South America.

Of course that is speculation, a fiction which may never happen, but one I feel should not be out of the realm of possibility in the minds of the voters.

No matter how much his ego would swell, he still couldn't match your over inflated ego, wry.
Invading and occupying Venezuela? You need to take your meds, wry. Trump 2020.....actually, he's the only game in town.
Biden will be lucky not to be in prison The Burn, and Pocahontas, we can't afford them....not even on your retirement, wry.

 

[Markle]

Revenues increased during the Bush administration as well as 2017 and 2018

Revenues always increase unless you are in a recession dumbass

Good to see that you agree that revenues are increasing with the tax cuts of President Donald Trump.

 

[Markle]

You people are such asses.

Nothing worth reading beyond your childish personal attack. Grow up.

 

[Markle]

Prime tracks with the Fed rate

ALL interest rates track with one another.

The Prime Rate and the Fed Rate are two entirely different things.

 

[Markle]

I been right here...watching Europe stupidly engage in an austerity reaction to the 2008 Recession...and seeing how slowly they recovered compared to us

2008 recession recovery, SLOWEST IN HISTORY.

 

[Markle]

As far as that "tax cut".

Folks...you're not stupid. You can SEE your friggin paychecks.

The tax cut was in your paychecks throughout the year . In fact the Trump Admin changed the withholding so that less taxes were taken out aside from the tax cut (to make it seem bigger and hopefully get you spending to boost the economy)

Did you notice it?

For most...you did NOT, because even with that added boost it amounted to very little when spread across 52 pay checks.

But having the withholding change DID do something most of you DID notice. Since less tax was withheld...your refund was SMALLER.

People noticed THAT

Younger and Minority Workers Lead Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.

Younger and Minority Workers Lead Wage Gains as Expansion Ages

 

[Lesh]

Prime tracks with the Fed rate

ALL interest rates track with one another.

The Prime Rate and the Fed Rate are two entirely different things.

Does the prime move when the Fed moves?

Yes.

Does it work in reverse? Does the prime moving push the Fed rate in one direction or the other?

No?

Oh...

 

[Lesh]

I been right here...watching Europe stupidly engage in an austerity reaction to the 2008 Recession...and seeing how slowly they recovered compared to us

2008 recession recovery, SLOWEST IN HISTORY.

A. The Deepest Recession since the Great Depression so yea...Recovery WOULD be tough

and

B. Republicans doing everything possible to SLOW that Recovery (Sequester, Government shut downs...blocking Stimulus proposals)

 

[Markle]

Here are the facts surrounding the housing/mortgage/financial meltdown, once again, for Democrats to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997

http://www.thefreelibrary.com/HUD+to+Fight+Discrimination,+Boost+Minority+Homeownership+and+Work...-a019650647


New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -

Fannie Mae Eases Credit To Aid Mortgage Lending

President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001

Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs


By Elliot Blair Smith,

USA TODAY

Fannie Mae to pay $400 million fine
Bloomberg - Are you a robot?

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.


Bloomberg News -
How the Democrats Created the Financial Crisis -

Bloomberg - Are you a robot?

Democrats in their own words covering up the Fannie Mae, Freddie Mac




Timeline shows Bush, McCain warning Democrats of Financial Crisis



From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates

Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]
So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
Barney's Rubble


Barney Frank in 2005: What Housing Bubble?



Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.