/biz/ - Business & Finance

nice reddit spacing faggot

>>22394425
>nice reddit spacing, faggot
ftfy

>>22394346
BUY TRUMPBUX

TRUMP-BUX.COM

>>22394346
Fuck off to/leftypol/

T
R
U
M
P

>>22394449
>nice, reddit-spacing faggot
Fixed that for you.

Obama had better jobs, better GDP growth, more stability, even better stock market gains until the fed took money printing to another level after covid. Trump cut corporate taxes 40%, has a multi-trillion tax holidays for global corporations to move their overseas money, and hit $1 trillion deficits and STILL didn't beat Obama's numbers, before covid. GDP Growth was <2% before covid.

You can say presidents don't have much affect on the economy, but its obvious that tax cuts for global corporations and money printing just do not work to grow the actual, US economy. Manufacturing was down and the trade deficit up too under Trump (before covid) so literally no upside the retarded tariff game either.

>>22394823
I love how everyone keeps forgetting that the biggest bull market started under Obama

>>22394449
reddit fag confirmed. why do reddit fags like to correct others grammar so much? do they really get such a feeling of power and self worth from it? its fucking pathetic
>inb4 u correct the grammar of this post, you fucking faggot go back

>>22394346
Sanders would be the best.
While he wouldnt be able to enforce 1/10th of what he said, he would give everything much needed shake up

>>22394823
Obama literally surfed on the post-recession recovery, there's a shit ton of arguments by economists out there that he SLOWED DOWN the recovery with his policy's but was lucky enough to have the recession behind him. That would be like Hillary winning in 2016 and is now president, Corona tanking the economy (because it would have no matter the president), Trump wins the 2020 election, Corona is over and the recovery happens. Would that be Trump's doing? Of course not, because the economy is recovering, jobs are coming back rapidly and things are going back to normal no matter the president's policy's (even though the policy's can make the recovery slightly slower or slightly faster).
Trump took over a sluggish economy, 8-9% unemployment and a stock market that took 4-5 years to recover from its recession bottom. Obama was bad and black, the reason people like you believe he did good is simply because the media is jerking him off daily and you eat the cum

>>22394346
I hate zion don as much as the next faggot but wuflu aside you can't rip on him on for the economy what is this /pol/tier b8
KILL YOURSELF

>>22395532

Ok, but jobs gains in 2015 and 16 were higher than Trumps in 17-19, that was well after any recession. So job gains slowed down under Trump, regardless of the GFC in 2008 or covid in 2020.

anyone that wants a stable economy will go with Biden, retards that think the white race is being genocided will find any reason to vote trump

>>22395616
But the white race IS being figuratively genocided!

>>22395532
based

>>22395616
>>22395779
Flooding countries with tens of millions of immigrants is actually considered genocide under the UN definition fucking morons

>>22395602
Obama's jobs were all temp part time fake fucking jobs.

Biden won’t even make it to November lmao nice bait post. Sage.

>>22395098
Also the big tech boom happened under Obama. 2008 to 2016. Look at all the stocks. Look at what inventions were made. Social media boom. Iphones. Netflix. Amazon. Obama had nothing to do with any of that. Those companies did.

But lets ignore that.

>>22395532
No corona if Hillary became president.

Trump has been absolutely brutal for crypto and thats what im looking at. The crypto to crypto tax is on him.

>>22396045
>Social media boom. Iphones. Netflix. Amazon

I can't tell if you're being sarcastic.

I will never understand how biz, a place gorged with "smart" people, champion Trump over Obama.

I get the racism angle, as a black man in that position sends real fear and insecurity of position down your backs.
But let's just call it frankly.
Trump is an idiot of legendary proportions.
He talks like your first grade best friend. At 70+ years of age.
Nobody likes him.
Because he's a pimple but even worse a stupid one.
Why do you guys ride so hard for someone so clearly stupid?

>>22395838
Sauce?

>>22394346
Imagine if Coronavirus 2: Electric Boogaloo happens. Which president do you think would do a better job at handling it?

>>22394346
>Realistically speaking, who is the better /biz/ pick?
the one that doesn't want to raise capital gains and set up reparations? how is this even a thread.

>>22396179
you have to go back

>>22396095
Go to Venezuela, libtard

>>22395838
Except It isnt

>>22396179

Only /pol/ "champions" trump. And its a minority of very vocal retards, and also trolls.

Anyone else notice how shills kept saying it was still the Obama economy during Trump's entire presidency until the day the lockdown started, then it was entirely Trump's economy?

>>22394346
Trump, but Biden is probably a better leader overall. It's time things return to normal.

>>22396630
There was also a deadly virus and race riots burning down cities while Biden was VP, but the media is just another arm of the DNC so the executive branch doesn't get blamed for anything during Democrat administrations.

>>22396179
I agree.

President Obama was a war tyrant but at least he was intelligent and a good leader.

Trump is neither a good war criminal, capitalist nor is he a good leader.

I think the plan is to put Biden in power and then let him die of old age in 2 or 3 years and have Harris be the first woman president.

Nobody because you get rekd by niggers and jews.

>>22396069
this is what democrats actually believe.

>>22394346
Who will raise capital gains tax? Not trump. Bidens gunning to jump it to 25% short term.

>>22395532
This post is 100% 20/20 hindsight.

>he SLOWED DOWN the recovery with his policy's

The argument against Obama was that he didn't spend enough. Was it possible to spend more at the time? Consider that austerity was seen as a viable approach. Regardless, the US recovery outperformed other western nations.

Regarding Trump, trump has been good for economy partly because he's seen as more pro business and mostly due to the fact that he spends...alot.

Trump or Biden on economy? I don't see much difference as they'll both spend though, i think Biden may spend more responsibly. Lastly, a lot of things are out of their control -see covid.

>>22394346
vote for biden if you want to try communism again, i'm sure it will work this time lmao.

>>22396069
Agree'd, no need to crash the global economy by force if the federal banks puppets are in control.

i cant wait to check reddit for the seething after trump wins again lol. going to be hilarious xD

>>22395532
>Trump took over a sluggish economy, 8-9% unemployment

Checked and unemployment was 4.7 percent in December 2016. I'm not hating on trump here but he promised gdp growth in excess of 3 percent consistently and business investment boom. Neither happened and this was before Covid.

I credit neither president's with the performance or underperformance of stock market.

>>22396857
the only plan for true economic growth and success is trump winning.

followed by the democrats starting a civil war which ends up fracturing the US into multiple countries.

the 90%+ white vaguely natsoc remnant will thrive most overall.
the neoliberal jew-run mutt states will prosper in a dystopian manner, where normies are ever more cowed with bread and circuses
the far left portion will collapse under its own weight after a decade.
the republicuck portion will be a different dystopia, more like russia.
the niggers will create wakanda and spawn an instant 3rd world country that floods everywhere with refugees, despite having had all the farms and infrastructure and resources all already ready for them to exploit.


the markets will get a hard reset during the war, as all the bandaids fall off and no one retains enough power to add new ones.

>>22395098
>>22395532
>>22396045
>>22396942

The fed printed money during Obama's entire presidency and loaned it out for free. It's the reason all these companies have P/E ratios so high. They were losing money by not going billions in debt for stock buybacks. It was literally impossible not to have a giant bullrun during his term because of these fed policies. Obama himself did absolutely nothing during his entire term. Same with Trump, it's all money printing magic.

>>22396185
>>22396529
Except it is you fucking shitskin

... any of the following acts committed with intent to destroy, in whole or in part, a national, ethnical, racial or religious group, as such:

(a) Killing members of the group;
(b) Causing serious bodily or mental harm to members of the group;
(c) Deliberately inflicting on the group conditions of life calculated to bring about its physical destruction in whole or in part;
(d) Imposing measures intended to prevent births within the group;
(e) Forcibly transferring children of the group to another group.
—Convention on the Prevention and Punishment of the Crime of Genocide, Article 2[5]
Article 3 defines the crimes that can be punished under the convention:

(a) Genocide;
(b) Conspiracy to commit genocide;
(c) Direct and public incitement to commit genocide;
(d) Attempt to commit genocide;
(e) Complicity in genocide.
—Convention on the Prevention and Punishment of the Crime of Genocide, Article 3[5]

They even call Chinese immigration into Tibet a genocide despite the fact we're being flooded with millions more unwanted scum every year.

>>22397130
You're referring to the stock market. I agree that either the zero interest rates, fed money printing, or the fact that people believe the fed will step in to prevent huge stock market losses are a cause for the run up.

>>22396985
>troglodytes like this actually give financial advice on /biz/

oh nonono

>>22397498
kek

>>22397102

>>22397498
I'll just vote Trump to spite the fucking commies, and antifa.

>>22395946
Source: Your prolapsed tranny anus

https://www.youtube.com/watch?v=4IrE6FMpai8&feature=youtu.be

>>22396942

That's the thing really, its not really a left vs right fiscally, as both Trump and Biden are fiscally liberal. They will spend ass loads of money with no checks. But for the cost of the Trump tax cuts we could have paid off all public college debt and made it free. And the tax cuts got us absolutely nothing, nothing close to the promised 5% GDP growth, or really anything different than what was going on under Obama. Trump didn't crash the economy immediately like some liberals thought, but most metrics was the exact same as Obama, with a slight slow down in jobs and GDP, but with bigger deficits from tax cuts that didn't seem to do anything.

But the cost of the tax cuts was immense and republicans say we can't afford to rebuild our infrastructure or educate people, or retrain people in obsoleted industries for better jobs, but we can waste even more money on ridiculous things like a repatriation tax holiday so global corporations can skip out on trillions in taxes on money they laundered overseas. Even through it jack shit for the economy in the end.

>>22394346
>Realistically speaking, who is the better /biz/ pick?
Trump will do his best to pump the S&P 500 and possibly my crypto bags, Biden would do less to pump the S&P 500 but he most probably would pump by bags
Neither of them will do anything for the real economy, Trump might be better if he starts doing nothing (quite improbable desu), Biden (or his replacement) would surely fuck shit up with random cantillionist policies disguised as socialism

>>22396592
Yeah you're conflating two different things. The economy was largely Obama's but the COVID response was entirely Trumps, and it was a very very shitty response (insofar as it was any kind of response at all, see: "it's just a flu guys I swear")

We'd be back to normal right now if he hadn't downplayed the virus back in Jan/Feb

>>22396679
>There was also a deadly virus
This argument is so retarded I can't believe even right wingnuts believe it. Pig flu or bird flu or whatever the fuck you're referring to obviously has nothing on COVID

>>22396045
Social media was financed by the feds to control info. Shiny phones made it palatable to the retards.

>>22396920
Then hold pussy

>>22398453

But it doesn't really matter since Trump's economic numbers before covid weren't any better than Obama's, they were actually slightly worse.

The economy also started showing early tremors in 2018 when the fed had to back off on rates due to the stock market crash. Then the repo market collapsed in sep, '19 requiring the fed to pump in up to a billion dollars a day by december '19.

So certainly, shit was going down unrelated to covid anyway. Whether you want to say that was Obama's or Trump's fault, Trump was president for 3 years before covid.

>>22397153
Its a good thing you live under a rock

>>22398387
>But for the cost of the Trump tax cuts we could have paid off all public college debt and made it free. And the tax cuts got us absolutely nothing, nothing close to the promised 5% GDP growth, or really anything different than what was going on under Obama.
>But the cost of the tax cuts was immense

Holy fuck, you're on the finance board and spouting some headline you read on Vox. Tell me, how much did federal receipts decrease in fiscal 2018 and 2019, after the tax cuts? What's the number?

Go and look it up, I'll wait.

Nah I'm bored. Federal receipts INCREASED after the tax cuts.

>bb-b-b--b-bbut muh dd-d-d-d-ddd-d-d--d--deficits

That is because Congress immediately went on a massive spending spree. The deficits are 100% increased spending. How do you not know this?

What the fuck are you doing here

>>22397051
>i cant wait to check reddit

>>22394425
>>22394449
>>22394527
>>22395163
i made the reddit spacing meme in a discord with a bunch of friends and started to force it so we could see who uses it unironically. a surprising amount of people do and it's hilarious to me whenever i see it mentioned because it just exposes the anon who calls it out. makes me rock hard. ask me anything.

trump technically, but he's just doing the exact same thing biden would do but slower

>>22398660
>in discord
lol your not a woman. you dont pass as female we all know your a man lol

>>22398624

Lol what? You have to compare the difference in income, not just the nominal change from one year to next. I'm also talking about the long term impact over a decade+, not just one year.

>>22395532
THIS. Obama had so fucking many issues and fuck ups, and the Media just smoothed it out. Swine flu, fast and furious, Benghazi, drone assassination program, healthcare.gov just to name the worst. Obama was an absolute disaster and the media polished a turd and the NPC retards ate it up. FUCK Obama.

>>22398810
I'm a Mexican and I will personally assassinate that anon who is defending Obama and every single democrat who dares to step anywhere close to Mexico

>the economy has done better under democrats

There is literally not a single instance where this is true.

>>22394346
this is your brain on libtard

don't be a libtard kids.

>>22398763
>ou have to compare the difference in income, not just the nominal change from one year to next.

https://www.cbo.gov/publication/54647

>In 2018, the government’s revenues amounted to $3.3 trillion—$14 billion (or less than 1 percent) more than in 2017. As a percentage of GDP, revenues fell from 17.2 percent in 2017 to 16.4 percent in 2018, dropping below the average (17.4 percent) for the past 50 years.

Post tax-cuts, federal revenue INCREASED by ~0.5 percent, or $14 billion

>Net spending by the government was $4.1 trillion in 2018—$127 billion (or 3.2 percent) more than in 2017. Outlays amounted to 20.3 percent of GDP in 2018, compared with 20.7 percent in 2017, and were equal to the 50-year average. If not for the shift in the timing of certain payments, outlays in 2018 would have equaled 20.5 percent of GDP.

The Congressional budget bill exploded spending by $127 billion.

https://www.cbo.gov/system/files/2019-11/55824-CBO-MBR-FY19.pdf

>In 2019, the government’s revenues amounted to $3.5 trillion—$133 billion (or 4 percent) more than in
2018.

Wait a minute, federal revenues increased AGAIN after these budget-busting tax cuts! That's odd! But where are these deficits coming fr-

>Net spending by the government was $4.4 trillion in 2019—$339 billion (or 8 percent) more than in 2018.

> I'm also talking about the long term impact over a decade+, not just one year.

Those were a hilarious projection that projected flat economic growth for a decade, which literally everyone agreed was bullshit -- the tax cuts would have at least SOME pro-growth effect. In real life, the economy took off like a rocket, and the tax cuts paid for themselves, right up until COVID wrecked every economy in the world.

I say this with love, but you need to know what you're talking about if you want to talk policy here. Reading some headline on some left-wing blog that is lying to you is not knowing what you're talking about.

>>22398070
Go back

>>22398854
Based Mexican

>>22398619
Well you are right in an important sense. Those genocide laws were drafted entirely for the purpose of trying to get white people to go to war to stop third worlders from killing each other/to make sure the global economy isn’t disrupted by third worlders. In this sense and only this sense does mass immigration not fit the definition of genocide, because mass immigration into white countries is primarily an economic policy. In the minds of neoliberals words like “genocide, regime, authoritarian, unrest” actually mean “things that are bad for business”. And “white genocide” is good for business, at least for 20 more years or so

>>22398810
What you call "smoothing things out" is simply how you view the media circus around those things, which were relatively tame, to the much more extreme crises the current president has been involved with. I don't remember Swine Flu killing 190,000 people in under a year, or 9/10 Obama appointments being convicted of criminal activity, or hearing about how he never faced up to Putin for putting bounties out on US troops abroad, for example. In comparison, Obama's shitshow seems like it got less coverage, but that's only because the issues then were much smaller in scale and scope than what is happening now.

one has already cut long term capital gains taxes to ridiculously low levels and the other wants to increase them to 40%

>>22398981

Oh boy, you are taking the difference in the entire federal revenue for one year after the tax cuts, and attributing the difference to the tax cuts? That is not how it works, you would have to compare it to an estimate of what the revenue would be without them. Which is subjective because its an estimate. Clearly, the tax cuts reduced revenue, or they wouldn't be tax cuts. And GDP grew less than 2%, so there is no "take off" of the economy to pay for them. The bigger issue though is that the effects of the tax cuts take place of the next decade or even longer. You can't just take federal revenue for the year after when the bill hasn't even taken effect yet.

>>22399207

Ah, I see, you're a lying retard

>drumpf's tax cuts exploded the deficit!

No, lying retard. In reality, federal revenue went UP for the TWO fiscal years following the tax cuts. 100% of the deficits that have followed were from increased spending, as the CBO report for fiscal year 2018 AND 2019 show.

>You can't just take federal revenue for the year after when the bill hasn't even taken effect yet.

The tax cuts took effect immediately, you lying retard. They were passed in mid-fiscal year 2018 and the effect on revenue for the following two years was an INCREASE in revenue.

>Clearly, the tax cuts reduced revenue, or they wouldn't be tax cuts

This is what you left-wing morons can never understand. The tax cuts reduced revenue AS A SHARE OF GDP, from 16.4% to 16.3% in FY2019 for example. But the GDP then increased much MORE, so actual revenue increased. That's why tax cuts work. A smaller slice of a much bigger pie = more pie than a bigger slice of a shrinking pie.

You don't know what you're talking about.

>Which is subjective because its an estimate.

Yes. I am showing you the actual numbers, the real figures in actual dollars, from the Congressional Budget Office, which show federal revenue increased after the tax cuts. So the "cost" of the Trump tax cuts has been literally less than zero. You are talking about guesses and estimates by people who were wrong, which are worth exactly 0 cents.

>>22396360

Pwned

>>22399357

Yes you are talking about raw revenue YoY. A lot of the credits in the tax cut would be counted as spending increase. Total cost estimates for the tax cuts are across the board, I've seen anywhere from $4 trillion to over $10 trillion over the next decade or so. For comparison the entire student debt is $1.4 trillion. So even if you take the low end estimate, they are at least three times that amount. Just to give you a sense of proportion, not saying its a good policy.

To your point about GDP, GDP growth is slower on average under Trump, so your theory about the tax cuts "paying for themselves" is impossible because the economy didn't grow any faster. There is no increase to pay for the tax cuts. They got us absolutely nothing.

>>22398660
Calling this Reddit spacing has been a thing for like 8 year you retarded faggot. You didn't start shit

>>22395946
All the manufacturing etc. jobs lost in 2008 were never replaced. All the job growth under Obama was minimum wage retail, and tech (which is being outsourced or replaced with HR1 visas). Both of these will be completely automated in 5-10 years, there are already AI who can write code. Advise all your buddies that they don't want to be programmers unless they want to be homeless by the end of the decade.

>>22396095
>crypto to crypto tax
What?

>>22396630
Yeah, I don't really like the thought of living in a weekend at Bernies sequel.

>>22394346
I think a SAFEX economy would be better desu

>>22397102
wtf are you talking about? We're just gonna see troops occupying and running the cities come December 1st.

>>22399357

Tell me where GDP increased "much more" after the tax cuts. GDP growth actually went down after the tax cuts. And remember, Trump was running a higher deficit, and GDP wasn't even 2% by the end of 2019 (when the fed was also pumping tens of billions a day in the repo market). That is after a 40% corporate tax cut! But you're claiming <2% GDP increase, which is lower than before, somehow pays for that.

>>22399481
>A lot of the credits in the tax cut would be counted as spending increase

Holy shit, you actually have no idea what you're talking about. Credits are NEVER counted as spending increases, because those two are opposite things.

>Total cost estimates for the tax cuts are across the board, I've seen anywhere from $4 trillion to over $10 trillion over the next decade or so.

Yes, "estimates" based on flat to negative GDP growth. Incredibly dishonest, but it made for good headlines, and it apparently fooled you, but the actual, real-life numbers, from the real-life CBO, show revenue INCREASES. I can "estimate" that I'll make a billion dollars next month. But the real-life numbers in my bank account are the actual thing that actually happened.

In actual real life, the Trump tax cuts resulted in increased revenue, and 100% of the deficit increase came from increased spending. That's what CBO says.

>your theory about the tax cuts "paying for themselves" is impossible because the economy didn't grow any faster. There is no increase to pay for the tax cuts

It's not a theory, you fool, it's the actual recorded numbers, from the CBO. In fact, the economy DID grow faster, that's how

>In 2019, the government’s revenues amounted to $3.5 trillion—$133 billion (or 4 percent) more than in 2018. As a percentage of GDP, revenues fell from 16.4 percent in 2018 to 16.3 percent in 2019, remaining below the average (17.4 percent) for the past 50 years.

>revenue increased $133 billion, or 4 percent more than in 2018
>As a percentage of GDP, revenues fell from 16.4 percent in 2018 to 16.3 percent

If revenue went UP, as a percentage of GDP went DOWN, what happened to GDP?

Do you notice how I am talking actual numbers, sourced from the CBO, and you're talking vague bullshit, sourced from some left-wing blogger's ass?

Revenues went up after Trump's tax cuts. Spending went up WAY more.

>>22399668

You keep saying, well revenue went up in 2019 compared to 2018, so the tax cuts must have been the sole cause. There are a billion different factors that go into the federal revenue. I'm not disputing the revenue numbers, but you saying that can only be due to the tax cuts is wrong, and that tax cuts cannot lead to spending increase is wrong. Tax cuts are actually equivalent to spending. Your argument that GDP skyrocketed afterwards is also wrong, GDP growth dropped in 2019, while the deficit increased. So a 40% corporate tax cut is not paying for itself with REDUCTION in GDP growth.

Those estimates also do take into account GDP growth, just realistic growth, not the 5% Trump claimed he could achieve but failed to do so. Yeah, the GOP claimed their tax cuts would lead to insane growth which never happened. Growth actually went down.

>>22399662
>seasonally adjusted

lmfao you poor dumb fucker, you actually don't understand what you're looking at, do you?

>hur line on graf flat so nuthing happen >:(

even when taking into account "compared to previous quarter" instead of the actual absolute growth number being dishonest, look at this slightly more honest graph, FROM THE SAME ORIGINAL SOURCE.

Hey, something weird happened right after those tax cuts!

Again, you're trying to argue against the ACTUAL NUMBERS. The actual effect on the deficit that the Trump tax cuts had was, at its worst, reducing them by 0.5% in their first year, and then reducing them by nearly 5% the year after.

But Congress massively increased spending.

>>22394346
Biden obviously we need to get rid of this covid shit. We woulda been done by now but idiot Trump

>>22399821
This. Biden said he was going to cure covid, cancer and diabetes. Drump just plays golf...

>>22395532
>Corona tanked the economy
Damn, if it wasn't for that damn cold our robust economy would have been in tip top shape!

We get fucked either way. The bizness cycle is the over-arching force. We are on the way down.
>muh corporate taxes
Doesn't move the market. Market barely moved 1% when Trump announced corporate tax cuts in 2017. Corporations already know how to dodge taxes anyway
>muh capital gainz taxes
Big dick money already knows how to handle this. It will not stop money moving around the markets searching for returns.

>>22394346
Big business, trump
Little guys, biden

But really neither of them are going to make big changes that will influence an everyday jackoffs life

>>22398854
Basado

>>22399806
>You keep saying, well revenue went up in 2019 compared to 2018, so the tax cuts must have been the sole cause.

You don't actually know what the fiscal year is, do you? We're coming up on the third one since these cuts went into effect.

> I'm not disputing the revenue numbers

Then you acknowledge that the effect the Trump tax cuts had on the deficit were, at worst, slightly reducing them. If spending had stayed flat.

>Tax cuts are actually equivalent to spending.

Oh my god. Less revenue has an equivalent effect to higher spending, but less revenue does not CAUSE higher spending.

> So a 40% corporate tax cut is not paying for itself with REDUCTION in GDP growth.

>Receipts from corporate income taxes, the third-largest source of revenues, increased by
$26 billion (or 12 percent) in 2019, rising from 1.0 percent of GDP to 1.1 percent.

Corporate tax receipts went UP, both in total number and as a percentage of GDP, following the tax cuts.

>Yeah, the GOP claimed their tax cuts would lead to insane growth which never happened. Growth actually went down.

Friend, I'm going to try to assume you're actually here in good faith -- you have no idea what you're talking about, because you don't read any actual financial news, or the actual data, and just dishonest blogs that are lying to you.

But, the actual numbers do not lie. Thank Christ for the CBO -- their projections may be retarded horseshit, but they have to record the actual numbers.

>>22399946
>>22399806

forgot my pic

>>22395573
yes, you can
listen to peter schiff on rogan
he was a trump supporter who will probably vote for him again but also rips his economic policies to shreds

Bidens tax plan will irreversibly destroy most businesses. Youre fucking retarded for even asking this question

a thread died for this.

>>22396179
drink more nigger cum fag, or just buy BREEV

>>22396179
Trump is a high level meme magician.

>>22399809

lmao, your chart is the same, it just stops earlier before later 2019 when the numbers got worse.

>>22399946

Why do you keep talking about receipts? Look man, imagine if the government spent 100 trillion in one year. When the government spends on things, that's income for people, businesses, etc. so maybe 20-40 trillion of that would go into revenue. It has nothing to do with the tax cuts. Its just government printing money, and you thinking "Huurrr digits go up tax cuts pay for themselves."

No, Trump blew out the deficit, agreed, and that is reflected partially in the federal revenue. The tax cuts didn't cause that. If Trump blew up spending the same amount, but without the tax cuts, then revenue would be even higher. That's why your comparison of federal revenue is just wrong.

Look at GDP growth after 2019 when your graph ends. Its shit. its lower than before the tax cuts, lower than during Obama. The tax cuts got us nothing, maybe goosed it for quarter at best, while costing trillions over the long term.

>>22400037
>peter schiff

lmfao

>buy gold! bitcoin is going to zero!

I like how people who followed his advice have enjoyed a massive 10% return since 2012, whereas we poor chumps who bought bitcoin have enjoyed a pitiful 100,000%. Assuming we didn't sell when it was 180,000%

>>22398912
>recession under Bush
>recovery under Obama

You watch too much Fox News, buddy

>>22400136
>Why do you keep talking about receipts? Look man, imagine if the government spent 100 trillion in one year. When the government spends on things, that's income for people, businesses, etc. so maybe 20-40 trillion of that would go into revenue. It has nothing to do with the tax cuts. Its just government printing money, and you thinking "Huurrr digits go up tax cuts pay for themselves."

oh my god, you not only don't know how government works, you don't know how MONEY works

>No, Trump blew out the deficit

No, he didn't. What Trump did INCREASED federal revenue.

>If Trump blew up spending the same amount, but without the tax cuts, then revenue would be even higher. That's why your comparison of federal revenue is just wrong.

Oh Lord. Trump does not control spending. CONGRESS does. That is how the government works. It is Congress that increased the spending, massively, which was the cause of 100% of the deficits. So, Trump increased federal revenue a bit, which we both agree, and then Congress massively increased spending, far far more than the increase of revenue = deficits.

So, who caused the deficits?

>The tax cuts got us nothing, maybe goosed it for quarter at best, while costing trillions over the long term.

I'll try to explain this as simply as I can. "Growth compared to last quarter" is a way to produce a flat-looking chart, when in reality GDP is this pic. As an example, if GDP growth was 2.5% in Q1, and then 3.5% in Q2, and then 4.5% in Q3, "growth compared to last quarter" would show 2.5% in Q1, then 1% for Q2 (1% better than last quarter!) and 1% in Q3 (1% better than last quarter!), even though in real life the economy is taking off like a rocket. Whoever you're reading cooked that graph. But the actual numbers don't lie.

You are being lied to. CBO doesn't lie. Tax revenues are up since the tax cuts.

>>22400095
>NOOOOOOO THAT'S NOT THE REAL TRUMP
>HE'S THAT GUY I SEE ON THE TV SCREEN
>THAT GUY'S DUMB LOL

>>22399668
The delusion in this guy....yikes

>>22394346
It doesn’t matter when trump is the only one who won’t sell out my race to BBC

>>22400432

learn macroecon 101 if u can't understand how government spending increases revenue.

also lol @ Congress controlling spending. the gop is Trump now. they are one and the same. there is no fiscally conservative party in America anymore.

>>22400520

It's a weird moment when you realize that left-wing people think in soundbites.

>Trump blew out the deficit!
>GDP growth went down!
>trillions over a decade!

And it doesn't matter how much math you show these guys, because math requires thinking. You just get more soundbites.

check out

>>22400607
>also lol @ Congress controlling spending. the gop is Trump now. they are one and the same.
>the GOP is Trump now!

See? He thinks he actually has opinions, but what are happening in his head are just soundbites written by some political PR guy.

Friend -- Congress controls spending. Presidents can suggest budgets and laws, and they do, but Congressmen submit bills, they are debated and voted on by Congress, and then the actual job of the President is to sign Congress' laws and faithfully execute them. That's how the government works. Even Trump's tax cuts had to be introduced in Congress, voted on by both houses, and THEN Trump signed them into law.

And then revenue went up.

>>22400138
He’s not perfect but I enjoyed his perspective. Still voting Trump.

>>22400790

Gold bugs are a great first step, since they mock the conventional wisdom, but they stop short of the logical conclusion.

If you're anticipating the sort of catastrophic economic conditions that will make gold the prime asset, you need to study 1990s Russia and see how the fortunes were made there.

>>22400790
Schiff comes across as one giant commercial for his own euro-pac gold fund...

>>22400946
>1990s Russia
>Make money by accounting errors
My aunt literally did this, allocated company funds to buy a condo and got away with it xD

Please share your studies. I'm wondering what it actually is that made fortunes. Private cap ventures? Ruthless racketeering? Gas?

>>22394346
imagine caring

>>22401126
>Please share your studies. I'm wondering what it actually is that made fortunes. Private cap ventures? Ruthless racketeering? Gas?

No studies, I don't think Schiff's scenario is possible. But basically, if you think shit is hitting the fan and the USD is becoming worthless, you have a case study in how to become a billionaire from the Yeltsin years.

I guess, fraud and power = billions. Imagine how easy it'd be to knock over a bank in a town where the cops haven't been paid for a year, except imagine the cops in this situation are the SEC. I'm still amazed none of the nukes that the Russians can't account for didn't end up detonating over Manhattan

>>22394346
Voting Trump because fucking white people over with Biden won't help the country, that I can tell you

>>22398660
>uses discord
get fucked faggot

>>22400166
>recession under Bush
>due to deregulation under Clinton
dyor

>>22396179
>wins election
>nobody likes him
Go back

>>22402366
> a minority of americans vote
> monster chugging neckbeards in the midwest, boomers, and christians always vote and vote red

nice company faggot

In the short term it really won't matter, fiscal policy and spending are going to be pretty much the same with either of them

Long term a Biden win probably solidifies mass immigration/demographic replacement as policy for the next few decades, which will hurt the economy as the country becomes racially stratified between growing third world underclass and white/asian bourgeois

>>22396179
>Trump is an idiot of legendary proportions.
>He talks like your first grade best friend. At 70+ years of age.
>Nobody likes him.
These are all emotion-based and purely subjective reasons. Clearly your only criteria for a "good" president is whether enough people you consider your social peers provide enough validation for you to feel confident in joining the bandwagon.
You are a coward and most likely female and thus I don't really need to regard your opinion with any degree of seriousness.

Leave it to biz to fall for a slide thread...

>>22394346
the real play for 2024 is a mid-wit who lived in a segregated mormon community until age 20-40 - someone so ultraconservative that even the most open-minded libertarian would hate. take the knee so salty dem investors open their bank accounts again xd

>>22400432
Anon, why does that chat arch up no matter the administration? Inflation, bigger economy?

>>22394346
trump, hes against the elite lol, why do you think media is bashing him so hard