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Author: Subject: President Trump and the Republicans deliver major Tax Cut and Jobs Act

World Class Peach



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  posted on 12/23/2017 at 02:59 PM
quote:
If you hate Obama and the left, why do you think about them so much?


The complete failure of Obama must be exposed as well as the damage done to our country.

The left has nothing to offer. It would be interesting to compare President Trump and The Republican's Tax Cut and Jobs Act to that offered by The Democrats but the Democrat had no plan.


 

World Class Peach



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  posted on 12/23/2017 at 03:01 PM
The rhetoric from the left is destroyed the actual results.
I prefer results.

Since president Trump’s election:

- The Stock Market has risen 25%. The majority of American’s pension plans are invested in the stock market.
- GDP is has risen to 3.2% for two straight quarters and is project to remain at above that.
- Unemployment has fallen to almost a flat 4% and the country is approaching full employment.
- The 2 million new jobs added are almost all full-time and at above living wage.
- Many major companies are retuning to The U.S. and making major investments and hiring hundreds of thousands of new employees.

Within hours of Congress passing the Tax Cut and Jobs Act:

- AT&T was the first company to go public with its plans to pass along coming tax savings to workers, saying once the tax bill is passed it would pay a special $1,000 bonus to more than 200,000 of its non-management workers. Front-line managers, the company said, will also be included in the bonus pool. The telecom giant also confirmed it would invest $1 billion more in the U.S. in 2018.
- Comcast announced that it would award $1,000 bonuses to more than 100,000 employees, which would include frontline and non-executive employees.
- Fifth Third Bancorp, a regional bank based in Cincinnati, said it will raise the minimum wage for all of its nearly 3,000 hourly employees to $15, and would distribute a bonus of $1,000 for more than 13,500 employees by the end of the year.
- Wells Fargo, said it would boost its minimum wage to $15 per hour, an 11% increase from its current hourly rate of $13.50.
- Aerospace giant Boeing said it would move forward with $300 million in investments as a result of the new tax law, including $100 million in employee training and education and $100 million to enhance Boeing facilities as part of its "workforce of the future" initiative.
- Aerospace giant Boeing said it would move forward with $300 million in investments as a result of the new tax law, including $100 million in employee training and education and $100 million to enhance Boeing facilities as part of its "workforce of the future" initiative.

 

Peach Extraordinaire



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  posted on 12/23/2017 at 07:43 PM
quote:
The complete failure of Obama must be exposed as well as the damage done to our country.


Why must this happen?

 

Maximum Peach



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  posted on 12/23/2017 at 08:11 PM
quote:
quote:
If you hate Obama and the left, why do you think about them so much?


The complete failure of Obama must be exposed as well as the damage done to our country.

The left has nothing to offer. It would be interesting to compare President Trump and The Republican's Tax Cut and Jobs Act to that offered by The Democrats but the Democrat had no plan.


You are the last idiot hanging on to a sinking ship.

 

Peach Pro



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  posted on 12/23/2017 at 10:36 PM
quote:
Haha, you're funny. You said "these are the kind of actions that led to the massive economic crash 10 years ago" in a thread about a tax cut bill. What is one supposed to take from that? I had no way to know what was inside your head beyond what you typed, what other actions are in this tax cut bill that I might've drawn some broader meaning from for your post? The last time "these kinds of actions" took place were the 2001 and 2003 Bush-era tax bills and had nothing to do with the great recession as you claimed, or I thought you claimed. Democrats have liked to paint that picture, but it is false as described here:

https://www.washingtonpost.com/news/fact-checker/wp/2016/09/30/clintons-cla im-that-the-bush-tax-cuts-played-a-large-part-in-sparking-2008-recession/?u tm_term=.32fe7b01083d

Now if you would've originally stated that it was something larger than just tax reform that led to the great recession, I wouldn't have raised a peep, we could actually agree on alot of those points. Your provided links are excellent snapshots and review of history. And I thank you for those for reminders and reference. But that wasn't the impression you gave, or I took, from your post. Blame you for not saying what you meant, or blame me for being too narrow in interpreting your words.

And yes, I will to this day defend, on principle the Bush-era tax cuts. My only objection was doing so on a war-footing which as we know happened not long after passage of part 1 of those cuts. I'm glad you now have "volumes" to take away from that opinion whatever that does for you going forward I don't know.

I shall cherish these volumes. I did indeed post in a way that did not convey what I wanted to say, so I do blame me. But still, Buck Fush.

 

Maximum Peach



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  posted on 12/23/2017 at 10:50 PM
quote:



Wow, the left is talking about the national debt and throwing a faux -fit.

While Obama adding more to the national debt than all previous 43 Presidents combined we heard nothing from the left.

Okay, President Trump and The Republican’s Tax Cut and Jobs Act might add about $1.5 Trillion to the national debt. However, the growth in GDP because of the strong economy the Tax Cut and Jobs Act will bring will easily wipeout that $1.5 Trillion.

Yet again The American People, President Trump and The Republicans score another major win and the lefties just lie can cry.





In fairness a good bit of the debt added under Obama was actually set in stone from the last few Bush years. Obama inherited a mess of epic proportions, but the ship did get turned around. Trump was set up for success. Now maybe the growth under Obama was slower or smaller than ideal, but it was a growing economy none-the-less and Trump should benefit from that. Which is much different than what GW or Obama inherited upon taking office.

 

Maximum Peach



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  posted on 12/23/2017 at 10:54 PM
quote:
I shall cherish these volumes. I did indeed post in a way that did not convey what I wanted to say, so I do blame me. But still, Buck Fush


Good. I enjoy the interaction here as well.

And really I jumped the gun since your reply was to muleman, but I thought I could offer a better response than he would or could.

I look forward to our future posts. Here is to hoping the best for the holidays for everyone, left-right-and middle. Cheers.

 

World Class Peach



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  posted on 12/27/2017 at 01:07 PM
quote:
quote:



Wow, the left is talking about the national debt and throwing a faux -fit.

While Obama adding more to the national debt than all previous 43 Presidents combined we heard nothing from the left.

Okay, President Trump and The Republican’s Tax Cut and Jobs Act might add about $1.5 Trillion to the national debt. However, the growth in GDP because of the strong economy the Tax Cut and Jobs Act will bring will easily wipeout that $1.5 Trillion.

Yet again The American People, President Trump and The Republicans score another major win and the lefties just lie can cry.





In fairness a good bit of the debt added under Obama was actually set in stone from the last few Bush years. Obama inherited a mess of epic proportions, but the ship did get turned around. Trump was set up for success. Now maybe the growth under Obama was slower or smaller than ideal, but it was a growing economy none-the-less and Trump should benefit from that. Which is much different than what GW or Obama inherited upon taking office.



The U.S. economy was anemic at best under Obama and he added more to the national debt than all 42 previous Presidents combined.
With President Trump's election the economy took off fast due to great leadership, confidence and a solid plan all of which were missing under Obama.


 

Ultimate Peach



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  posted on 12/27/2017 at 01:11 PM
quote:
quote:
quote:



Wow, the left is talking about the national debt and throwing a faux -fit.

While Obama adding more to the national debt than all previous 43 Presidents combined we heard nothing from the left.

Okay, President Trump and The Republican’s Tax Cut and Jobs Act might add about $1.5 Trillion to the national debt. However, the growth in GDP because of the strong economy the Tax Cut and Jobs Act will bring will easily wipeout that $1.5 Trillion.

Yet again The American People, President Trump and The Republicans score another major win and the lefties just lie can cry.





In fairness a good bit of the debt added under Obama was actually set in stone from the last few Bush years. Obama inherited a mess of epic proportions, but the ship did get turned around. Trump was set up for success. Now maybe the growth under Obama was slower or smaller than ideal, but it was a growing economy none-the-less and Trump should benefit from that. Which is much different than what GW or Obama inherited upon taking office.



The U.S. economy was anemic at best under Obama and he added more to the national debt than all 42 previous Presidents combined.
With President Trump's election the economy took off fast due to great leadership, confidence and a solid plan all of which were missing under Obama.




It doesn't matter how many times you repeat these lies, they still remain lies.

 

World Class Peach



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  posted on 12/27/2017 at 01:15 PM
quote:
quote:
quote:
quote:



Wow, the left is talking about the national debt and throwing a faux -fit.

While Obama adding more to the national debt than all previous 43 Presidents combined we heard nothing from the left.

Okay, President Trump and The Republican’s Tax Cut and Jobs Act might add about $1.5 Trillion to the national debt. However, the growth in GDP because of the strong economy the Tax Cut and Jobs Act will bring will easily wipeout that $1.5 Trillion.

Yet again The American People, President Trump and The Republicans score another major win and the lefties just lie can cry.





In fairness a good bit of the debt added under Obama was actually set in stone from the last few Bush years. Obama inherited a mess of epic proportions, but the ship did get turned around. Trump was set up for success. Now maybe the growth under Obama was slower or smaller than ideal, but it was a growing economy none-the-less and Trump should benefit from that. Which is much different than what GW or Obama inherited upon taking office.



The U.S. economy was anemic at best under Obama and he added more to the national debt than all 42 previous Presidents combined.
With President Trump's election the economy took off fast due to great leadership, confidence and a solid plan all of which were missing under Obama.




It doesn't matter how many times you repeat these lies, they still remain lies.


How would you know?
You have posted lie after lie and have been proven to be one of the leading uninformed here.

The facts prove the President Trump economy is rocking.

 

Peach Extraordinaire



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  posted on 12/27/2017 at 03:01 PM
quote:
The U.S. economy was anemic at best under Obama and he added more to the national debt than all 42 previous Presidents combined.


Fake news. Our economy has been improving steadily since 2009.

quote:
With President Trump's election the economy took off fast due to great leadership, confidence and a solid plan all of which were missing under Obama.


Missing? Obamacare was built with such a strong foundation, that even your king couldn’t knock it down. Plus, he passed it without having full Democratic control in Washington. Trump has a fully Republican Washington and STILL couldn’t repeal nor replaced. Obama got more votes in each election too. Trump can’t hold Obama’s jock strap. Trump is old, ugly, and was rejected by women in school, just like you! I’d hate Obama too if I was Trump.

 

Maximum Peach



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  posted on 12/27/2017 at 07:01 PM
quote:
quote:
The U.S. economy was anemic at best under Obama and he added more to the national debt than all 42 previous Presidents combined.


Fake news. Our economy has been improving steadily since 2009.

quote:
With President Trump's election the economy took off fast due to great leadership, confidence and a solid plan all of which were missing under Obama.


Missing? Obamacare was built with such a strong foundation, that even your king couldn’t knock it down. Plus, he passed it without having full Democratic control in Washington. Trump has a fully Republican Washington and STILL couldn’t repeal nor replaced. Obama got more votes in each election too. Trump can’t hold Obama’s jock strap. Trump is old, ugly, and was rejected by women in school, just like you! I’d hate Obama too if I was Trump.



Without full Democratic control?

This ofcourse is not the case. After the 2008 elections, the Democrats had a 257-199 edge in the House and a 57-41 edge in the Senate (plus two Independents who were essentially Democrats), they were 1 vote short of a filibuster proof majority, which they got in 2009. How is that not "full Democratic control"?

 

Peach Extraordinaire



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  posted on 12/28/2017 at 09:06 AM
I stand corrected. The point remains - Obama is the person Trump so desperately wants to be, but isn’t, and that enrages him. Sad!
 

World Class Peach



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  posted on 1/4/2018 at 06:19 PM
The DJI closed at 25,075.13 today.
President Trump keeps delivering for The American People.



 

Ultimate Peach



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  posted on 1/4/2018 at 06:50 PM
quote:
The DJI closed at 25,075.13 today.
President Trump keeps delivering for The American People.



If he was delivering for the American people, you would think the DJI gains would have been better than the international markets, but sadly we lag behind the rest of the world. But hey, congrats to Trump for getting as close to Obama's gains over his first year. As with everything else, Trump failed to spur the market over his first year as well as Obama did. But I at least give credit to Trump for not completely destroying the economy - yet..

 

Zen Peach



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  posted on 1/4/2018 at 07:13 PM
quote:
The DJI closed at 25,075.13 today.
President Trump keeps delivering for The American People.







Well, for a few of the American people:

"There is, however, an important question I neglected to cover in that last piece: Who benefits from the increase in stock market wealth? Thanks to the work of economist Ed Wolff, who has been compiling such data over many years, we can answer that question.

First, there’s a bit of a myth that through indirect holdings, like holdings of stock in a pension fund, the stock market has become democratized, and everyone’s all in. Not so. Wolff’s data shows that while stock ownership has increased over the past few decades, in 2013 (his most recent data point), less than half — 46 percent — of households owned stocks, either directly or through their holdings in some sort of fund (e.g., a retirement account). Contrast that with the 94 percent ownership rate of the top 1 percent.

But even that 46 percent ownership rate gets misunderstood, because it doesn’t differentiate how much stock is owned by different income classes. Less than a third of all households hold at least $10,000 in stocks, compared to 93 percent of those households in the top 1 percent.

The figures below show that, since the late 1980s, about 80 percent of the value of the market has been held by the top 10 percent. Within that top 10 percent, the share of stock wealth held by the top 1 percent is about equal to the share held by the 90-99th percentiles; both groups’ shares are twice as large as the share that the entire bottom 90 percent holds."

https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on- the-stock-market-rally-80-of-stock-value-held-by-top-10/?utm_term=.a69a2b7a 5bdb

 

World Class Peach



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  posted on 1/4/2018 at 10:26 PM
quote:
quote:
The DJI closed at 25,075.13 today.
President Trump keeps delivering for The American People.







Well, for a few of the American people:

"There is, however, an important question I neglected to cover in that last piece: Who benefits from the increase in stock market wealth? Thanks to the work of economist Ed Wolff, who has been compiling such data over many years, we can answer that question.

First, there’s a bit of a myth that through indirect holdings, like holdings of stock in a pension fund, the stock market has become democratized, and everyone’s all in. Not so. Wolff’s data shows that while stock ownership has increased over the past few decades, in 2013 (his most recent data point), less than half — 46 percent — of households owned stocks, either directly or through their holdings in some sort of fund (e.g., a retirement account). Contrast that with the 94 percent ownership rate of the top 1 percent.

But even that 46 percent ownership rate gets misunderstood, because it doesn’t differentiate how much stock is owned by different income classes. Less than a third of all households hold at least $10,000 in stocks, compared to 93 percent of those households in the top 1 percent.

The figures below show that, since the late 1980s, about 80 percent of the value of the market has been held by the top 10 percent. Within that top 10 percent, the share of stock wealth held by the top 1 percent is about equal to the share held by the 90-99th percentiles; both groups’ shares are twice as large as the share that the entire bottom 90 percent holds."

https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on- the-stock-market-rally-80-of-stock-value-held-by-top-10/?utm_term=.a69a2b7a 5bdb



"First, there’s a bit of a myth that through indirect holdings, like holdings of stock in a pension fund, the stock market has become democratized, and everyone’s all in. Not so."

The premise of the opinion piece you posted is crap.
There is no factual data in the entire spin piece and the writer is a well known far-left extremist.

The performance of the stock market has a direct effect on the retirement funds of the American People and the stock market has soared since the day Donald Trump was elected.



 

Extreme Peach



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  posted on 1/4/2018 at 10:47 PM
President Trump and the Republicans deliver major Tax Cut and Jobs Act


Lube Your a**holes............Peace.........joe

 

Peach Extraordinaire



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  posted on 1/4/2018 at 11:10 PM
quote:
quote:
quote:
The DJI closed at 25,075.13 today.
President Trump keeps delivering for The American People.







Well, for a few of the American people:

"There is, however, an important question I neglected to cover in that last piece: Who benefits from the increase in stock market wealth? Thanks to the work of economist Ed Wolff, who has been compiling such data over many years, we can answer that question.

First, there’s a bit of a myth that through indirect holdings, like holdings of stock in a pension fund, the stock market has become democratized, and everyone’s all in. Not so. Wolff’s data shows that while stock ownership has increased over the past few decades, in 2013 (his most recent data point), less than half — 46 percent — of households owned stocks, either directly or through their holdings in some sort of fund (e.g., a retirement account). Contrast that with the 94 percent ownership rate of the top 1 percent.

But even that 46 percent ownership rate gets misunderstood, because it doesn’t differentiate how much stock is owned by different income classes. Less than a third of all households hold at least $10,000 in stocks, compared to 93 percent of those households in the top 1 percent.

The figures below show that, since the late 1980s, about 80 percent of the value of the market has been held by the top 10 percent. Within that top 10 percent, the share of stock wealth held by the top 1 percent is about equal to the share held by the 90-99th percentiles; both groups’ shares are twice as large as the share that the entire bottom 90 percent holds."

https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on- the-stock-market-rally-80-of-stock-value-held-by-top-10/?utm_term=.a69a2b7a 5bdb



"First, there’s a bit of a myth that through indirect holdings, like holdings of stock in a pension fund, the stock market has become democratized, and everyone’s all in. Not so."

The premise of the opinion piece you posted is crap.
There is no factual data in the entire spin piece and the writer is a well known far-left extremist.

The performance of the stock market has a direct effect on the retirement funds of the American People and the stock market has soared since the day Donald Trump was elected.





The stock market has soared since 2009.


Dow Jones



S&P 500






NASDAQ






And when it was going up under Obama, you right wingers were saying the President has nothing to do with it.

So which is it? Does the President have any effect on the stock market or not?

 

Maximum Peach



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  posted on 1/4/2018 at 11:24 PM
"my President did it"

"no my President did it"

 

Peach Extraordinaire



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  posted on 1/4/2018 at 11:37 PM
quote:
"my President did it"

"no my President did it"


I am not trying to say that at all. There are many things that go into how the stock market performs. Who is president is far down on the list. My point was to show that this bull market has been going on for almost 8 years. It has nothing to do with Trump.

 

Ultimate Peach



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  posted on 1/5/2018 at 12:30 AM
quote:
quote:
"my President did it"

"no my President did it"


I am not trying to say that at all. There are many things that go into how the stock market performs. Who is president is far down on the list. My point was to show that this bull market has been going on for almost 8 years. It has nothing to do with Trump.


I'll give credit to Trump for continuing the upward swing in the market that started almost 9 years ago. But how big a deal is that really? I didn't hear Republicans praising Obama for similar or better stock market performances for 8 years, so why is the stock market performance now something to crow about? Same thing with Trump taking credit for the FAA safety record over the last year. He had nothing to do with it, and their weren't any fatal commercial accidents over the last 4 years, so how is this a major win for Trump? I guess Trump forgot to Tweet about coal mine fatalities surging this year after the rollback in safety regulations. Now that one he can take credit for.

[Edited on 1/5/2018 by 2112]

 

Maximum Peach



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  posted on 1/5/2018 at 09:59 AM
President's will get blame or credit for being in the right or wrong place at any given time. And in our case, Trump will take credit for everything. The "Trump Bump", the optimism on tax cuts, expectation of less regulatory and compliance costs, pro-growth policy...I think sometimes they give us these reasons after the fact, the prognosticators never really know why something is happening in the moment.

There are factors contributing to the gains in the Obama years and the Trump years which are both similar and are different. In the end I would probably thank "the business cycle" more than anything. We just need to remember, the business cycle giveth and can taketh away. But President's can get blamed for that too, rightfully or wrongly.

A growing stock market is a good thing. Sigh, even if all those greedy no good SOB wealthy people are going to experience more growth than the average Joe's 401K, people who do have some skin in the market feel better financially when the markets are doing well and they log into their accounts or get their statements in the mail.

Another thing that I think is very important and rarely discussed are the defined benefit pension plans which have assets invested in the markets. Any growth in these plans are not passed on or seen by the recipients, however, the strength and longevity of these plans relies heavily on a growing collection of investments to meet future obligations.



 

World Class Peach



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  posted on 1/5/2018 at 11:37 AM
The Stock Market’s historic rise under President Trump has the over 100 Million Americans that have an IRA or 401K laughing at the lefties.

During the 2016 campaign the Democrats said if Donald Trump is elected the stock market would crash and the economy would tank.

History proves them wrong again.


 

World Class Peach



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  posted on 1/5/2018 at 12:00 PM
Meanwhile…

The US economy added 148K jobs in December and manufacturing remains strong.

The unemployment rate held at 4.1%, the lowest rate in more than 17 years. The average hourly earnings increased again.

The jobs numbers come on the heels of a report Thursday from payroll processing firm ADP, which revealed that 250,000 private sector jobs were added in December, up from 185,000 in November.

Since the 2016 presidential election, more than 1.77 million private sector jobs have been created, and average hourly wages for the private sector have increased by 62 cents, or 2.4%.
This is of course prior to the Tax Cuts and Jobs Act becoming law resulting and wages and bonuses surging.



 
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