Coming recession

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August 19th, 2019 at 11:14:17 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 941
Posts: 11082
Quote: ams288
“The fundamentals of the economy are very strong.” - Kellyanne Conway, this morning


John McCain said it in September 2008

From 2008 to 2009 the GDP dropped from $14,743.3 billion to $14,431.8 billion.
From 2018 to 2019 the GDP rose from $20,235.9 billion to $21,288.9 billion

As long as the GDP is going up you can get away with saying the "fundamental" are strong.
August 19th, 2019 at 11:58:43 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 26
Posts: 1562
Quote: Pacomartin


From 2008 to 2009 the GDP dropped from $14,743.3 billion to $14,431.8 billion.
From 2018 to 2019 the GDP rose from $20,235.9 billion to $21,288.9 billion

As long as the GDP is going up you can get away with saying the "fundamental" are strong.


Quit bringing logic to the conversation. Obviously people hear just want to make it a political debate.
August 19th, 2019 at 2:25:51 PM permalink
ams288
Member since: Apr 21, 2016
Threads: 17
Posts: 4774
White House officials eyeing payroll tax cut in effort to reverse weakening economy

The WH is scared sh**less over the economy. If the economy tanks, Donald is a GONER.
The pee tape is real.
August 19th, 2019 at 2:44:47 PM permalink
DRich
Member since: Oct 24, 2012
Threads: 26
Posts: 1562
Quote: ams288
White House officials eyeing payroll tax cut in effort to reverse weakening economy

The WH is scared sh**less over the economy. If the economy tanks, Donald is a GONER.


I am apolitical so I don't care about motivations, I just want to see my taxes go down and paychecks go up.
August 19th, 2019 at 3:07:26 PM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 9
Posts: 1267
Quote: ams288
White House officials eyeing payroll tax cut in effort to reverse weakening economy

The WH is scared sh**less over the economy. If the economy tanks, Donald is a GONER.


Gotta agree. I can see DJT cutting payroll taxes, which is a euphemism for Social Security tax, as it is a giveaway to all Americans, and when the populace decides who to vote for, they often remember the last person who gave them it.

I am totally against a cut in the social security tax. The system is already woefully underfunded. I would be for raising both the rate and the maximum.
It would be the right thing to do, but it certainly won't help someone get elected.
August 19th, 2019 at 3:10:03 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 124
Posts: 11336
Quote: SOOPOO
Quote: ams288
White House officials eyeing payroll tax cut in effort to reverse weakening economy

The WH is scared sh**less over the economy. If the economy tanks, Donald is a GONER.


Gotta agree. I can see DJT cutting payroll taxes, which is a euphemism for Social Security tax, as it is a giveaway to all Americans, and when the populace decides who to vote for, they often remember the last person who gave them it.

I am totally against a cut in the social security tax. The system is already woefully underfunded. I would be for raising both the rate and the maximum.
It would be the right thing to do, but it certainly won't help someone get elected.


Not a ton to worry about at the moment. Record low unemployment. Calling Trump a white supremacist did not work so now the libs will scream RECESSION for a few weeks until that doesn't work.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
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