The Next Recession Is Going to Be Brutal. The economy is showing signs of turning ...

[mikegriffith1]

This is just comical. By the way, the stock market gained 99 points today. And, did you read the Department of Labor BLS jobs report for last month? Not only did the economy add 164,000 new jobs in July, but the number of long-term unemployed saw another huge drop, this time a reduction of 248,000, and the number of people employed part-time for economic reasons dropped by a whopping 363,000.

https://www.bls.gov/news.release/pdf/empsit.pdf

 

[Faun]

Mark this up as another failure of Trump's, so many now.

Um... “another”? Can you name even a single “Trump Failure” so far? Let’s see...

• Record highs in the market

• Record lows in unemployment

• Wages up across the nation

• Manufacturing at 30 year HIGH

• Liberty expanded and increased

The market was at a record high when he became president.

Unemployment's been lower.

Wages have been increasing for 8 years now.

By number of employed in manufacturing, it is lower today than it was in 2008. By a percentage of the population, it's lower today than it was in 2009.

Unmeasurable.

Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

 

[Faun]

But he got rid of regulation and handed out huge tax cuts to corporations and increased deficits drastically...

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

Nah, Buttplug, no worse than you suffered after I bitch-slapped you into submission over your ridiculous claim that there were only one million jobs gained under Obama.

 

[jc456]

This is just comical. By the way, the stock market gained 99 points today. And, did you read the Department of Labor BLS jobs report for last month? Not only did the economy add 164,000 new jobs in July, but the number of long-term unemployed saw another huge drop, this time a reduction of 248,000, and the number of people employed part-time for economic reasons dropped by a whopping 363,000.

https://www.bls.gov/news.release/pdf/empsit.pdf

And consumer spending was well above expected. But yet...RECESSION , all you leftists, yell it out, conceit your defeat

 

[Faun]

This is just comical. By the way, the stock market gained 99 points today. And, did you read the Department of Labor BLS jobs report for last month? Not only did the economy add 164,000 new jobs in July, but the number of long-term unemployed saw another huge drop, this time a reduction of 248,000, and the number of people employed part-time for economic reasons dropped by a whopping 363,000.

https://www.bls.gov/news.release/pdf/empsit.pdf

The Dow is not the market. Some market indexes were down. And while the Dow was up, and that's good, it's still lower today than it was 19 months ago in January, 2018.

 

[Harpy Eagle]

But he got rid of regulation and handed out huge tax cuts to corporations and increased deficits drastically...

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

 

[Faun]

But he got rid of regulation and handed out huge tax cuts to corporations and increased deficits drastically...

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

Even worse for that buttplug ... that 9% increase in tax revenue at that time came mostly from people filing their 2017 taxes.

 

[Harpy Eagle]

This is just comical. By the way, the stock market gained 99 points today. And, did you read the Department of Labor BLS jobs report for last month? Not only did the economy add 164,000 new jobs in July, but the number of long-term unemployed saw another huge drop, this time a reduction of 248,000, and the number of people employed part-time for economic reasons dropped by a whopping 363,000.

https://www.bls.gov/news.release/pdf/empsit.pdf

The DJI (what you call the stock market).

On the first day of Trump's second year in office the DJI stood at 26,214.60.

Today it closed at 25,579.39

That is a loss of 1.89% over the 570 days.

 

[Harpy Eagle]

But he got rid of regulation and handed out huge tax cuts to corporations and increased deficits drastically...

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

Even worse for that buttplug ... that 9% increase in tax revenue at that time came mostly from people filing their 2017 taxes.

Yep, Apr had record revenue as people paid off the remainder of their 2017 tax liability. They got a nice hefty check from my household.

 

[Faun]

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

Even worse for that buttplug ... that 9% increase in tax revenue at that time came mostly from people filing their 2017 taxes.

Yep, Apr had record revenue as people paid off the remainder of their 2017 tax liability. They got a nice hefty check from my household.

Shit, revenue is so low, that in a good economy, which without the tax cuts would be raking in revenue, Trump is closing in on his second trillion dollar deficit.

 

[Harpy Eagle]

But he got rid of regulation and handed out huge tax cuts to corporations and increased deficits drastically...

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

Even worse for that buttplug ... that 9% increase in tax revenue at that time came mostly from people filing their 2017 taxes.

And if he wants to talk FY to FY, FY 18 with 9 months of tax cuts the revenue only grew by 0.30%, while the 5 years before the tax cuts revenue grew at an average of 6.37%, or roughly 21 time faster than in FY 18 with the tax cuts.

 

[Harpy Eagle]

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

Even worse for that buttplug ... that 9% increase in tax revenue at that time came mostly from people filing their 2017 taxes.

Yep, Apr had record revenue as people paid off the remainder of their 2017 tax liability. They got a nice hefty check from my household.

Shit, revenue is so low, that in a good economy, which without the tax cuts would be raking in revenue, Trump is closing in on his second trillion dollar deficit.

He did get one part right, spending is out of control and it is the bigger problem, but the tax cuts just made things worse

 

[Faun]

The tax cuts resulted in increased revenues to the federal government. Which proves the deficits are because we have a spending problem (thanks to you greedy parasites).

I marvel at your ability to completely disregard reality.

why do you tell such blatant lies?

The last time you challenged me on taxes, you suffered the worst humiliation in USMB history. Why does your dumb ass come back for more? It’s a well known fact that tax revenues to the federal government increased after the tax cuts. Idiot.

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

are you really this stupid? your article is from 6 months into the tax cuts, and you use that as proof. I almost feel sorry for you with your level of ignorance.

Here are the actual numbers taken straight from the Monthly Treasure Statement of the US Government.

CY 2017 (the last full year before the tax cuts).

Total tax revenue was $3,361,634,000,000

CY 2018 (the first full year of the tax cuts)

Total tax revenue was $ 3,330,470,000,000

That is a decrease of $ 31,164,000,000 in the first full year after the tax cuts.

Here is the link to the site, feel free to check my numbers.

Monthly Treasury Statement - Previous Issues

Even worse for that buttplug ... that 9% increase in tax revenue at that time came mostly from people filing their 2017 taxes.

And if he wants to talk FY to FY, FY 18 with 9 months of tax cuts the revenue only grew by 0.30%, while the 5 years before the tax cuts revenue grew at an average of 6.37%, or roughly 21 time faster than in FY 18 with the tax cuts.

And that's nominal revenue. Factor in inflation, and revenue dropped during FY2018.

 

[AntonToo]

And as predicted, Dimocrats celebrating that their 401K's are tanking, and will celebrate even more if workers begin losing their jobs.

The DOW lost 800........BREAK OUT THE CHAMPAGNE!!!!

Horseshit, no one is getting pleasure out of Trump fucking up this country.

It's not Trump doing it.

It's the FED...the Dummycraps......and the media...talking down the economy EXACTLY LIKE THEY DID WHILE BUSH WAS IN OFFICE. I PREDICTED THIS SHIT AS SOON AS TRUMP WON ON ELECTION NIGHT!

Everyone BUT Trump’s fault! Democrats caused the trade wars!

Good job tool.

Well, in a way, yes....but they got alot of help from Republicans.
The reason Trump is fighting a trade war is because our rat bastard politicians have been selling us out to the Russians and the Chicoms for decades, and he's trying to reverse the damage they've been intentionally doing to us. Sometimes you have to break a few eggs to make an omelet.

Well maybe he should try BETTER. Crazy thought.

Instead of tag-teaming China on their shit, he started world wide trade wars that are disrupting bussiness and pissed off just about all our allies and trading partners.

The slogan is America First, but more and more it's getting to be America Alone.

 

[jc456]

The DOW lost 800........BREAK OUT THE CHAMPAGNE!!!!

Horseshit, no one is getting pleasure out of Trump fucking up this country.

It's not Trump doing it.

It's the FED...the Dummycraps......and the media...talking down the economy EXACTLY LIKE THEY DID WHILE BUSH WAS IN OFFICE. I PREDICTED THIS SHIT AS SOON AS TRUMP WON ON ELECTION NIGHT!

Everyone BUT Trump’s fault! Democrats caused the trade wars!

Good job tool.

Well, in a way, yes....but they got alot of help from Republicans.
The reason Trump is fighting a trade war is because our rat bastard politicians have been selling us out to the Russians and the Chicoms for decades, and he's trying to reverse the damage they've been intentionally doing to us. Sometimes you have to break a few eggs to make an omelet.

Well maybe he should try BETTER. Crazy thought.

Instead of tag-teaming China on their shit, he started world wide trade wars and pissed off all our trading partners.

Obammy is done

 

[basquebromance]

i'm an economist. i knew there was going to be a recession 4 years ago, no matter who is president

yes Trump is erratic, yes Trump should get along with our allies to help us solve this problem...but that doesn't matter in the big picture, my friends!

 

[LeftofLeft]

I notice a lot of Democrats are praying for pain for Americans and even rooting for china.

The fundamentals of the economy are strong. Don't bet against Americans.

Democrats root and bet against America. They are for the Fundamental Transformation of America. They voted for that.

 

[TheGreatSatan]

I notice a lot of Democrats are praying for pain for Americans and even rooting for china.

The fundamentals of the economy are strong. Don't bet against Americans.

Democrats root and bet against America. They are for the Fundamental Transformation of America. They voted for that.

Democrats are for democracy like antifa is against fascism.

There goal is to turn America into a global socialist police state run by oligarchs out of Europe. Every nation will have a vote in American politics.

 

[basquebromance]

the Trump recession will lead to the Trump election collapse in 2020. look at the data by Nate Silver!

 

[jc456]

i'm an economist. i knew there was going to be a recession 4 years ago, no matter who is president

yes Trump is erratic, yes Trump should get along with our allies to help us solve this problem...but that doesn't matter in the big picture, my friends!

Oh shut up