Copious Regulations, High Taxes, Poor Economies.....

[PoliticalChic]

.....Demorcrats.

1.For the opposite....see Ronald Reagan
“Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy.”

How Capitalism Will Save Us

If sensible rescue efforts continue--and they will--the immediate crisis will quickly pass.

www.forbes.com

2. And for the worst of all, see the Socialist Saint and Godfather of the Democrat Party, FDR...
"....
Terry McAuliffe recently praised the Biden administration for its handling of the economy, ignoring failures on inflation, boondoggle spending, and energy taxes.

McAuliffe even compared fellow Democrat President Joe Biden’s failed American Rescue Plan to former President Franklin D. Roosevelt’s New Deal.

The unprecedented interventions of the New Deal included wage and price controls, so-called jobs programs, and a tripling of taxes to fund bloated government budgets. Far from ending the Great Depression, the New Deal prolonged it and created several bouts of inflation in the 1930s.

McAuliffe’s comparison of Biden to FDR is right,...."

Like FDR's New Deal, Biden's Tax-and-Spend Policies Have Been an Economic Wrecking Ball

FDR and Biden initiated massive interventions in the economy. Neither improved economic outcomes, but rather made matters much worse.

www.dailysignal.com

3. "Both presidents [FDR and Biden, Democrats] initiated massive interventions in the economy, and neither improved economic outcomes. Far from an accomplishment, handling the economy like FDR is a sign of failure.

The numbers prove Biden’s policies have made people’s lives and livelihoods worse.

Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden, who took office when inflation was only 1.4% and real wages were rising. In just 18 months, Biden managed to push inflation to over 9% and prices were rising nearly as fast in a single month as they did in the entire year before Biden took office.

The prices that businesses pay have risen even faster than prices for consumers. This wholesale inflation hit 13 new record highs under Biden and has been stuck in double digits for more than a third of Biden’s presidency.

Inflation has not gotten better under Biden, but far worse. It has not been this bad in more than 40 years."
Ibid.

 

[Moonglow]

Yet, Reagan increased taxation.
The second tax cut (The Tax Reform Act of 1986) among other things, cut the highest Personal Income Tax rate from 50% to 38.5% but decreasing to 28% in the following years and increased the highest Capital Gains Tax rate from 20% to 28%.

Reagan tax cuts - Wikipedia​

 

[Moonglow]

The numbers prove Biden’s policies have made people’s lives and livelihoods worse.

My life and livelihood are great so I don't understand why you would lie about my situation.

 

[PoliticalChic]

4. Democrats are Fascists. One sees this in that Fascism is the incestuous relationship between government and business, Mussolini said it, and FDR did it.
That brings us to the present each gives the other: regulations.


......the Democrats/Fascists see Trump as a detriment to their profits/wealth, and here is the explanation:
"Trump kills 16 regulations for every new one, crushing 2-for-1 goal"
Trump kills 16 regulations for every new one, crushing 2-for-1 goal

Most regulations are, in terms of what they are alleged to do, are actually there to be bribed away by the industries that they inhibit.
The pols write them, the corporations pay lobbyists to bribe the pols to insert loopholes....

....hence poor men come to Washington to do good, and leave as millionaires, having made good.

Trump is a threat to their sinecures.





Case in point: the sale of Uranium to Russia for huge bribes: the Mueller Investigation is used to camouflage the fact that every major Democrat elite was both knowledgeable and a participant in the corruption: Muller, Comey and Rosenstein knew and probably wet their beaks in the payoffs.



"…a flow of cash made its way to the Clinton Foundation. Uranium One's chairman used his family foundation to make four donations totaling $2.35 million. " Hillary says the Clinton Foundation-Russia-uranium-deal story is just a right-wing distraction from the Trump-Russia story

 

[PoliticalChic]

5. "The idea that Biden’s agenda somehow saved a stalled economy is also fallacious. Biden inherited an economy growing at a $1.5 trillion annualized rate. In only a year, the administration’s policies have caused the economy to shrink, contracting in the first six months of this year.

The slowdown has not been limited to economic growth, either.

The labor market was in a robust recovery when Biden took office, but shortly thereafter, the American Rescue Plan was rammed through Congress. Job growth slowed dramatically in the wake of that excess spending, with average monthly job gains being cut in half.

The recovery under President Donald Trump added more jobs in less time than under Biden."

Like FDR's New Deal, Biden's Tax-and-Spend Policies Have Been an Economic Wrecking Ball

FDR and Biden initiated massive interventions in the economy. Neither improved economic outcomes, but rather made matters much worse.

www.dailysignal.com

 

[Toddsterpatriot]

Yet, Reagan increased taxation.
The second tax cut (The Tax Reform Act of 1986) among other things, cut the highest Personal Income Tax rate from 50% to 38.5% but decreasing to 28% in the following years and increased the highest Capital Gains Tax rate from 20% to 28%.

Reagan tax cuts - Wikipedia​

The second tax cut (The Tax Reform Act of 1986) among other things, cut the highest Personal Income Tax rate from 50% to 38.5% but decreasing to 28% in the following years and increased the highest Capital Gains Tax rate from 20% to 28%.

So he dropped the top personal rate from 70% to 28% and raised the top capital gains rate
from 28% in 1980 back up to 28% in 1987?

Sounds awful!!!

 

[PoliticalChic]

The second tax cut (The Tax Reform Act of 1986) among other things, cut the highest Personal Income Tax rate from 50% to 38.5% but decreasing to 28% in the following years and increased the highest Capital Gains Tax rate from 20% to 28%.

So he dropped the top personal rate from 70% to 28% and raised the top capital gains rate
from 28% in 1980 back up to 28% in 1987?

Sounds awful!!!

Awful to those who believe that your money is theirs.



"As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to “redistribute” income through higher taxes. He also demonized corporations and called for massive government “investment” in social programs.

“Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.”

Therefore, he added, “I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development.”
Like Father, Like Son – Obama’s Father: Government 100% Taxation of Income OK




The same view can be found in the Democrat FDR administration:

The attitude of the FDR government can be seen in these words of A.B. “Happy” Chandler, a former Kentucky governor: “[A]ll of us owe the government; we owe it for everything we have—and that is the basis of obligation—and the government can take everything we have if the government needs it. . . . The government can assert its right to have all the taxes it needs for any purpose, either now or at any time in the future.”

From a speech delivered on the Senate floor

May 14, 1943 Happy Chandler's dangerous statism - The Bluegrass Institute for Public Policy Solutions

 

[Moonglow]

The second tax cut (The Tax Reform Act of 1986) among other things, cut the highest Personal Income Tax rate from 50% to 38.5% but decreasing to 28% in the following years and increased the highest Capital Gains Tax rate from 20% to 28%.

So he dropped the top personal rate from 70% to 28% and raised the top capital gains rate
from 28% in 1980 back up to 28% in 1987?

Sounds awful!!!

Good or bad he raised taxes.

 

[Moonglow]

Awful to those who believe that your money is theirs.



"As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to “redistribute” income through higher taxes. He also demonized corporations and called for massive government “investment” in social programs.

“Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.”

Therefore, he added, “I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development.”
Like Father, Like Son – Obama’s Father: Government 100% Taxation of Income OK




The same view can be found in the Democrat FDR administration:

The attitude of the FDR government can be seen in these words of A.B. “Happy” Chandler, a former Kentucky governor: “[A]ll of us owe the government; we owe it for everything we have—and that is the basis of obligation—and the government can take everything we have if the government needs it. . . . The government can assert its right to have all the taxes it needs for any purpose, either now or at any time in the future.”

From a speech delivered on the Senate floor

May 14, 1943 Happy Chandler's dangerous statism - The Bluegrass Institute for Public Policy Solutions

They always could and have over the centuries.

 

[HenryBHough]

The liberal quest:

Replace Capitalism with Cannibalism.

Start with dining out on aborted children.

Only question is whether the first such Fine Dining Establishment will open in California or New York City.

 

[Toddsterpatriot]

Good or bad he raised taxes.

Exactly!
Right back to the level they were at when he took office.
After he cut the top income tax rate from 70% to 28%.

 

[Tax Man]

Ronnie was sad mark on Americas progress.

 

[Toddsterpatriot]

Ronnie was sad mark on Americas progress.

Are you still sad that he won the Cold War?

 

[Winston]

.....Demorcrats.

1.For the opposite....see Ronald Reagan
“Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy.”

How Capitalism Will Save Us

If sensible rescue efforts continue--and they will--the immediate crisis will quickly pass.

www.forbes.com

2. And for the worst of all, see the Socialist Saint and Godfather of the Democrat Party, FDR...
"....
Terry McAuliffe recently praised the Biden administration for its handling of the economy, ignoring failures on inflation, boondoggle spending, and energy taxes.

McAuliffe even compared fellow Democrat President Joe Biden’s failed American Rescue Plan to former President Franklin D. Roosevelt’s New Deal.

The unprecedented interventions of the New Deal included wage and price controls, so-called jobs programs, and a tripling of taxes to fund bloated government budgets. Far from ending the Great Depression, the New Deal prolonged it and created several bouts of inflation in the 1930s.

McAuliffe’s comparison of Biden to FDR is right,...."

Like FDR's New Deal, Biden's Tax-and-Spend Policies Have Been an Economic Wrecking Ball

FDR and Biden initiated massive interventions in the economy. Neither improved economic outcomes, but rather made matters much worse.

www.dailysignal.com

3. "Both presidents [FDR and Biden, Democrats] initiated massive interventions in the economy, and neither improved economic outcomes. Far from an accomplishment, handling the economy like FDR is a sign of failure.

The numbers prove Biden’s policies have made people’s lives and livelihoods worse.

Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden, who took office when inflation was only 1.4% and real wages were rising. In just 18 months, Biden managed to push inflation to over 9% and prices were rising nearly as fast in a single month as they did in the entire year before Biden took office.

The prices that businesses pay have risen even faster than prices for consumers. This wholesale inflation hit 13 new record highs under Biden and has been stuck in double digits for more than a third of Biden’s presidency.

Inflation has not gotten better under Biden, but far worse. It has not been this bad in more than 40 years."
Ibid.

Posting trash again. Take this little gem,

Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden, who took office when inflation was only 1.4% and real wages were rising. In just 18 months, Biden managed to push inflation to over 9% and prices were rising nearly as fast in a single month as they did in the entire year before Biden took office.

I mean here is the problem. First, the deficit has actually declined, in fact under Biden, more than at any time in history. Quantitative easing has backed off since March of this year. Ironically, it peaked during the last several months of the Trump administration. And here is the thing, QE results in LONG TERM INFLATION. It doesn't happen right away, there is a lag time, and the Covid pandemic only increased that lag time.

I mean think about this for a moment. During the Trump administration the Federal Reserve actually implemented an overnight clearing house, swooping in and buying everything from government bonds to stocks, and of course, mortgage backed securities, called MBS. They were working overtime as we came to the 2020 presidential election. Then when Biden was elected, they pulled the rug out and turned down the screws. Why? Any economist worth two shits, even on as woefully qualified as Antoni, the author of the OP, knows that inflation would be a lagging effect of the Fed's actions. And when the QE stopped, well that is called taper tantrum. Again, a well known effect within the economic community.

Look, Antoni knows all this, and he knows, the claim that Biden is to blame for inflation is completely false. But when both your undergraduate and graduate degree in Economics comes from the University of Northern Illinois, well your employment opportunities are rather limited. He has only worked for right wing hack organizations and he does little more than propagate propaganda.

I mean sorry if I am hijacking your thread. But a couple of things need to be said. First, Republicans have not done jackshit to combat inflation. They are using it for the midterms and if they are successful they have no plans whatsoever to address inflation and have admitted as much. First, it is the elimination of the minimum corporate tax that Biden initiated. Yep, that will exacerbate inflation.

Then there is making the Trump tax cuts permanent.

Then, there is the extension of the Trump tax cuts. Well, not for everyone, just the wealthy ones. The estate tax, the pass through exemption, oh yeah, all that will be made permanent. Yeah, sorry to break the news, but those taxcuts were temporary. Well, not the corporate tax cut. It is a done deal, go figure. But anyways, the top rate, maybe the top two rates, will be made permanent. The rest, well LMAO--Ha, Ha, GOTCHA. Such fools.

Then it is investigation after investigation. Does that address inflation? Hell no, the government prints money to hand out to law firms that contribute to Congressional candidates. There, I said it. Better off printing those dollars in rolls, and depositing them in interstate restrooms throughout the nation.

And then the one that gets me the most. Yep, we are going to hold the government hostage until they cut Social Security and Medicare. Now no worries, no cuts for current retirees, or even those over 50. Mostly because we figure those self-absorbed ass hats don't give two shits about anyone but themselves, but you younger people, well sucks to be you.

I mean I don't even want to get started on the parasites that are the boomers. But look it, if you are younger than 60 you are one stupid shit for voting Republican. I mean mega stupid. I mean there are exceptions. You are self-employed and make half a million a year, preferably in real estate. Then you roll in six figures tax free. Thank you massuh Trump. Or maybe you are a CEO whose income is based mostly on stock options. Thank you massuh Trump, for the tax cut, and all the extra money I got to retire stock and inflate my compensation.

Look it, we getting hosed honey. I mean we are getting conned, and honestly, Trump ain't that good. Actually, he isn't even a third rate confidence man. This really isn't rocket science. If you are half as intelligent as you claim to be, then one evening actually deep diving into the issues, diesel prices, inflation, government debt and spending, you would understand, you are getting hosed, and conned. Enough is enough.

 

[Toddsterpatriot]

Quantitative easing has backed off since March of this year. Ironically, it peaked during the last several months of the Trump administration.

What was the Fed's balance sheet when Biden took office?
When did the Fed's balance sheet start to shrink?

 

[PoliticalChic]

Posting trash again. Take this little gem,

Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden, who took office when inflation was only 1.4% and real wages were rising. In just 18 months, Biden managed to push inflation to over 9% and prices were rising nearly as fast in a single month as they did in the entire year before Biden took office.

I mean here is the problem. First, the deficit has actually declined, in fact under Biden, more than at any time in history. Quantitative easing has backed off since March of this year. Ironically, it peaked during the last several months of the Trump administration. And here is the thing, QE results in LONG TERM INFLATION. It doesn't happen right away, there is a lag time, and the Covid pandemic only increased that lag time.

I mean think about this for a moment. During the Trump administration the Federal Reserve actually implemented an overnight clearing house, swooping in and buying everything from government bonds to stocks, and of course, mortgage backed securities, called MBS. They were working overtime as we came to the 2020 presidential election. Then when Biden was elected, they pulled the rug out and turned down the screws. Why? Any economist worth two shits, even on as woefully qualified as Antoni, the author of the OP, knows that inflation would be a lagging effect of the Fed's actions. And when the QE stopped, well that is called taper tantrum. Again, a well known effect within the economic community.

Look, Antoni knows all this, and he knows, the claim that Biden is to blame for inflation is completely false. But when both your undergraduate and graduate degree in Economics comes from the University of Northern Illinois, well your employment opportunities are rather limited. He has only worked for right wing hack organizations and he does little more than propagate propaganda.

I mean sorry if I am hijacking your thread. But a couple of things need to be said. First, Republicans have not done jackshit to combat inflation. They are using it for the midterms and if they are successful they have no plans whatsoever to address inflation and have admitted as much. First, it is the elimination of the minimum corporate tax that Biden initiated. Yep, that will exacerbate inflation.

Then there is making the Trump tax cuts permanent.

Then, there is the extension of the Trump tax cuts. Well, not for everyone, just the wealthy ones. The estate tax, the pass through exemption, oh yeah, all that will be made permanent. Yeah, sorry to break the news, but those taxcuts were temporary. Well, not the corporate tax cut. It is a done deal, go figure. But anyways, the top rate, maybe the top two rates, will be made permanent. The rest, well LMAO--Ha, Ha, GOTCHA. Such fools.

Then it is investigation after investigation. Does that address inflation? Hell no, the government prints money to hand out to law firms that contribute to Congressional candidates. There, I said it. Better off printing those dollars in rolls, and depositing them in interstate restrooms throughout the nation.

And then the one that gets me the most. Yep, we are going to hold the government hostage until they cut Social Security and Medicare. Now no worries, no cuts for current retirees, or even those over 50. Mostly because we figure those self-absorbed ass hats don't give two shits about anyone but themselves, but you younger people, well sucks to be you.

I mean I don't even want to get started on the parasites that are the boomers. But look it, if you are younger than 60 you are one stupid shit for voting Republican. I mean mega stupid. I mean there are exceptions. You are self-employed and make half a million a year, preferably in real estate. Then you roll in six figures tax free. Thank you massuh Trump. Or maybe you are a CEO whose income is based mostly on stock options. Thank you massuh Trump, for the tax cut, and all the extra money I got to retire stock and inflate my compensation.

Look it, we getting hosed honey. I mean we are getting conned, and honestly, Trump ain't that good. Actually, he isn't even a third rate confidence man. This really isn't rocket science. If you are half as intelligent as you claim to be, then one evening actually deep diving into the issues, diesel prices, inflation, government debt and spending, you would understand, you are getting hosed, and conned. Enough is enough.

Every since I proved you to be lying scum, you have been stalking me, like the creep that you are. No matter how many times I have asked you to find another victim, you won't..

Please....just retreat back under whatever rock you came from.....




Is that clear enough????

 

[Winston]

What was the Fed's balance sheet when Biden took office?
When did the Fed's balance sheet start to shrink?

I believe I identified March as the starting point. Not been as quick a decline as they planned but it is going to accelerate. You can check out the notes from the March Fed meeting here,

https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20220316.pdf

It is on page 4 under the sub-heading, "Plans for Reducing the Size of the Balance Sheet".

 

[Winston]

Every since I proved you to be lying scum, you have been stalking me, like the creep that you are. No matter how many times I have asked you to find another victim, you won't..

Please....just retreat back under whatever rock you came from.....




Is that clear enough????

Wow, and I though leftist were supposed to have a victim mentality. You didn't expose shit, damn skippy you claimed you went to Brown. With 125,000 posts, most of them lies, you can't remember or keep up with all the lies you have told, and I be damned if I am spending the time necessary to track that particular post down. You didn't graduate from Columbia, hell, you never even went there unless it was on a middle school field trip.

And stalking you? Well that is damn near impossible to avoid. You post half a dozen bullshit troll threads every single day. I might pop in one of them once a week or so, mostly because I can't let bullshit go unanswered. In this thread,

Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden,

Now, did you notice, "massive federal deficits, funded by the Federal Reserve", is the driving force behind that inflation. But nowhere, absolutely, NO FAWKING WHERE, does the article attribute those deficits to Biden. The inflation occurred during the Biden administration. NO where, NO FAWKING WHERE, does it attribute those federally reserved funded deficits to the Biden administration. In fact, the deficit has been reduced, at an historical pace, and mostly because all those dropping cash from helicopter plans Trump utilized to prop the economy up, have expired. And the FED, they are moving from Quantitative Easing to Quantitative Tightening.

And that is the thing here. Your source, Antoni, doesn't even rise to the standard of an amateur economist. His degrees come from a shit school and he has never worked for anyone other than right-wing think tanks. Why would a Columbia graduate even bother with quoting him? I mean good God Almighty, Columbia has had at least half a dozen Nobel Laureates on their staff, including Stiglitz and Stigler. I mean what the hell was your major, Film? It certainly wasn't Economics, Business, or even English.

Nope, you are a poser troll, period. And the reality, you can't handle my rebuttals, hence you play the victim card. I mean congratulations, you have your fan club here. But being the smartest idiot on the block isn't much, you are still an idiot. Uneducated, no cognitive thinking skills, and logic is something that God passed out to people after you left the line.

I mean for shits and giggles, tell me one thing Republicans will do if they get control of Congress that will combat inflation. I am here to tell you that this nation is at a crossroads. We can either kick the dysfunctional party of Trump to the curb, or we can wallow in misery for a full generation. That is what is on the ballot this year, and certainly in 2024. And if the later turns out as how it comes to be, history will determine it was foolish rubes like you that initiated the demise of the greatest Democracy that has ever graced the planet.

 

[Toddsterpatriot]

I believe I identified March as the starting point. Not been as quick a decline as they planned but it is going to accelerate. You can check out the notes from the March Fed meeting here,

https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20220316.pdf

It is on page 4 under the sub-heading, "Plans for Reducing the Size of the Balance Sheet".

Current balance sheet

March 3rd, 2022 balance sheet

Jan 21, 2021 balance sheet

What did you mean when you said,

Quantitative easing has backed off since March of this year. Ironically, it peaked during the last several months of the Trump administration.

It (securities held by the Fed) peaked at the end of Trump's term or

It (securities purchased monthly by the Fed) peaked at the end of Trump's term?

 

[Care4all]

The second tax cut (The Tax Reform Act of 1986) among other things, cut the highest Personal Income Tax rate from 50% to 38.5% but decreasing to 28% in the following years and increased the highest Capital Gains Tax rate from 20% to 28%.

So he dropped the top personal rate from 70% to 28% and raised the top capital gains rate
from 28% in 1980 back up to 28% in 1987?

Sounds awful!!!

Borrow and Spend!