Conservative Tax Cuts slowed the economy

Ralph said:
almost 10 million REAL JOBS created since 2016.
Click to expand...

So this is an easy thing to check because BLS provides us with the data.

Trump took office in January 2017, so he doesn't get credit for jobs created in 2016.

Total employment, Jan 2017 (in 000s): 152,129
Total employment, Jan 2020 (in 000s): 158,803

So that's not a gain of 10 million jobs. In fact, it's not even close. Since taking office, Trump has created 6.7M jobs. So you lied. You lied your fat, cheating ass off. Liar.

By contrast, that's fewer jobs than Obama created in his last three years:

Total employment, Jan 2014 (in 000s): 145,150
Total employment, Jan 2017 (in 000s): 152,129

That is a gain of 6.9M jobs.

So in what world is 6.7 = 10, and in what world is 6.7 > 6.9?
 
Ralph said:
Yeah....looks like the tax cuts slowed the hell out of the economy. Record Wall Street numbers....and what was that JOBS report just yesterday, this economy added DOUBLE the projected number. Record TAX COLLECTIONS after the tax cuts, yeah.....real slow. 1.9 GDP average like during the 8 years under Obama? Really? Obama was First in one thing......His administration is the 1st and ONLY administration to have never had a GDP growth index over 3% for a whole year.
Click to expand...

LOL!

Revenue is down in inflation-adjusted dollars. Your shitty tax cut took two steps back to take one step forward:

Actual receipts as reported by Treasury.

The Russia Tax Cut started 1/2/18. Here's how it depressed revenue:

Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634

Receipts
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470
-$63,164 from previous year

Receipts
Jan-2019: $339,980
Feb-2019: $167,265
Mar-2019: $228,811
Apr-2019: $535,545
May-2019: $232,064
Jun-2019: $333,952
Jul-2019: $251,348
Aug-2019: $227,965
Sep-2019: $374,028
Oct-2019: $245,520
Nov-2019: $225,185
Dec-2019: $335,805
Total-2019: $3,497,468

+103,834 from 2017, a 3% gain

Inflation from 2017 to 2019 was 4.3%

So the net loss is about -1.3% from two years of tax cuts.

The tax cut didn't increase revenue.
 
Ralph said:
1.9 GDP average like during the 8 years under Obama? Really? Obama was First in one thing......His administration is the 1st and ONLY administration to have never had a GDP growth index over 3% for a whole year.
Click to expand...

Trump hasn't had that either.

And besides, Obama inherited a recession caused by the last Republican President.

His second term GDP growth average was 2.0%. You just had 2.1% last quarter.


that high paying PERMANENT blue collar job is just an illusion
Click to expand...

You're in a cult. It is an illusion. Manufacturing is in a recession now, and has been for about 4-5 months.


Record Wall Street numbers.
Click to expand...

Since the start of the Russia Tax Cut on 1/2/18, the DJIA has grown at its slowest pace since the Great Bush Recession.
 
LV426 said:
So this is an easy thing to check because BLS provides us with the data.

Trump took office in January 2017, so he doesn't get credit for jobs created in 2016.

Total employment, Jan 2017 (in 000s): 152,129
Total employment, Jan 2020 (in 000s): 158,803

So that's not a gain of 10 million jobs. In fact, it's not even close. Since taking office, Trump has created 6.7M jobs. So you lied. You lied your fat, cheating ass off. Liar.

By contrast, that's fewer jobs than Obama created in his last three years:

Total employment, Jan 2014 (in 000s): 145,150
Total employment, Jan 2017 (in 000s): 152,129

That is a gain of 6.9M jobs.

So in what world is 6.7 = 10, and in what world is 6.7 > 6.9?
Click to expand...

Didn't get credit? You present a chart from an antiquated spread from WIKI....that does not even calculate the number of jobs recorded under TRUMP. How think do you stupid people to be?

Try SNOPES.....that ultra right (wink, wink) fact check site:laugh:....even snopes is having a hard time selling the propaganda that Trump's success is due to 8 years of Obama failures. :palm:

Again.....how old are you 15?
 
LV426 said:
Trump hasn't had that either.

And besides, Obama inherited a recession caused by the last Republican President.

His second term GDP growth average was 2.0%. You just had 2.1% last quarter.




You're in a cult. It is an illusion. Manufacturing is in a recession now, and has been for about 4-5 months.




Since the start of the Russia Tax Cut on 1/2/18, the DJIA has grown at its slowest pace since the Great Bush Recession.
Click to expand...

Yeah....4.2% is nowhere near 1.9% :laugh: Yeah.....new jobs projection get doubled is always a sign that the economy is CRASHING and worse than the Bush Recession, caused by left wing Banking rules BUBBLE. :laugh:
 
Ralph said:
Didn't get credit? You present a chart from an antiquated spread from WIKI....that does not even calculate the number of jobs recorded under TRUMP. How think do you stupid people to be?
Click to expand...

My stats come directly from BLS.

That's what the link is to, boy wonder.

So you lied when you said he created 10 million jobs, and we know you lied because the data is readily available for anyone to see.

So why are you lying?
 
Ralph said:
Yeah....4.2% is nowhere near 1.9%
Click to expand...

4.2%? Now you're just making shit up out of thin air because you don't want to admit I dragged you on these numbers.

GDP growth last quarter was just 2.1%. Not the 3% you promised.


Yeah.....new jobs projection get doubled is always a sign that the economy
Click to expand...

Projection!?

You said he created 10 million jobs. You were wrong. He created about 2/3 of that. And Obama created more in his last three years than Trump did in his first three.


that the economy is CRASHING and worse than the Bush Recession
Click to expand...

I didn't say it was crashing...I said it wasn't what you said it was, and that you're exaggerating because you think everyone is as dumb as you are.


caused by left wing Banking rules BUBBLE.
Click to expand...

Nope.

The 2008 Financial Collapse was caused by a dramatic weakening of underwriting standards for subprime loans that began in 2004 and extended through 2007.

You know how I know that? Bush's Working Group on Financial Markets said so.

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”
https://www.treasury.gov/resource-center/fin-mkts/Documents/q4progress update.pdf

From 2004-2007, Conservatives controlled the House, the Senate, and the White House.
 
LV426 said:
My stats come directly from BLS.

That's what the link is to, boy wonder.

So you lied when you said he created 10 million jobs, and we know you lied because the data is readily available for anyone to see.

So why are you lying?
Click to expand...

He isn't. YOU are misrepresenting the stats. Why are you lying?
 
You must log in or register to reply here.
Back
Top