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Message started by Old Salt on Apr 14th, 2020 at 5:02pm

Title: Re: If you’re bored...
Post by Solus on May 5th, 2020 at 12:40am
Tax cuts went mostly to those who had plenty; relative spare change thrown to the working stiffs. From a economic stand point a waste- Trump inherited a good and growing economy, this was a time to reduce the debt not pour on the juice for your millionaires and billionaire donors. The economy has not markedly improved from Obama to Trump though the sheer volume of credit taking and bragging has sky-rocketed. After criticizing Obama's deficit spending (to try and mitigate the 2008 collapse) Trump doubles down on deficit spending via tax cuts and military spending- with no coherent economic plan other than occasional references to the thoroughly discredited and demonstrably false Laffer notion that through some voodoo and black magic cutting taxes will somehow increase revenue. It was a huge gift to the wealthiest americans and corporations- a gift that did not filter down to workers (check out the vast increase in stock by backs by corporations after the tax cut). For example Buffets Berkshire Hathaway made $29 billion overnight due to the tax cut. Its amazing that Fox can convince anyone of  reasonable means that Trump is somehow working int their interest.

Can't ever figure out how so many Americans fall for grifters with weird hair (see any televangelist for details).

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