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Response to Omaha Steve (Original post)

Mon Feb 3, 2020, 12:55 PM

1. So next time republicans say that these tax cuts are vital and will create jobs, they are lying ...

their teeth off. All this was (the TCJA of 2017) done to award the donors of the republicans, nothing else.

An irresponsible stimulus to the economy too, and the massive tax cut didn't stimulate the economy (in other words, it failed miserably). Ironic, isn't it? The Tax Cuts showed up, but didn't entice the economy one bit. The Jobs portion of the bill was all about Jobs being cut, NOT creating them as its original purpose was.

Good planning, republican controlled House and Senate, signed into law by rump. Good planning.

If anything, the stimulus created inflationary pressures in the economy (IMHO, it increased the cost of capital way out of reach, such as stock, other assets, since so much money is being poured back into the markets by companies buying back their stock, driving up their share prices).

Just wait until a downturn hits (bad economic numbers, perhaps the Coronavirus out of China, etc.), and then corporations who poured their money into just buying shares of their stock and not enhancing their product lines/etc. will be the ones suffering.

Other negative factors include rising prices being faced by consumers, the failure of wages to keep up, and failing to keep up since the 1980s, low interest rates are hampering many retirees (where does one invest their money for decent returns?), health care still continues to be a challenge, the republicans keep mouthing off about it but still haven't done one damn thing about it, the manufacturing sector of the market is slowing down, consumers are spending less and receiving less per unit of dollar they are earning (and then in turn, spending), with perhaps the only bright light being that the stock market(s) are up, continuing the rise since Obama in 2009 implemented steps to revive the markets after the Bush failures.

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Omaha Steve Feb 2020 OP
LineNew Reply So next time republicans say that these tax cuts are vital and will create jobs, they are lying ...
SWBTATTReg Feb 2020 #1
FiveGoodMen Feb 2020 #2
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