The Democrats Got What They Wanted, But It’s Cool Because Trump Really Stuck It To Paul Ryan

[Night Hides Not]

I love the smell of cognitive dissonance in the morning (or any other time).

So does Lois Lerner, who was just cleared by the Trump DOJ.

[roamer_1]

If you look at a 20 year chart of the S&P500, the dotcom/housing boom/busts are obvious.  Run up to 1500, run back down to 750 or so.  Repeat.  It's like a letter M (but kind of stretched out, like the Univ Minn logo).

If the market crashed by 38%, we'd be back down to the PEAK of those two bubbles.

It's going to look so obvious in hindsight.

Yep. All I know is that the more they print 'free' money, the more 'dollars' it takes to make money, which makes Wall Street look rosy, but makes Main Street grim. And the more they do, the more the boom and bust, and the greater the boom and bust, until TADA! Venezuela.

I don't even know if it can be fixed anymore. If we stopped it dead, and started showing some fiscal responsibility, there might be a gasping last chance...

But that'd be fiscal Conservatism, and that's just too much to ask for, I guess.

Winning! 

[Smokin Joe]

Heh... Glad you have it to liquidate. The only liquid I have is a pot to piss in :)
We'll see. If we make it through fall, it will probably wrap around again... maybe till the midterms. If it lasts that long I'll be up in the sticks. But it's coming. Sure as God made little green apples.

Not much left. Been living off some of it while I have been trying to get a kid straightened out. All things are possible, but at this point that appears to have failed. (Prayers welcome.)

[jpsb]

Not much left. Been living off some of it while

I know the feeling, but I still have my house (free and clear) so I can sell that if I have too, but I kinda like living here, property taxes and inflation are budget killers. Plus I refuse to give up my Scotch Whiskey.

[DCPatriot]

Besides, Trump has already demonstrated in numerous ways his propensity to cut wasteful programs and cut costs.

He's only been president scant months, during which time his agenda has been hampered by congressional foot dragging, a scathing media and, as Ed Klein details in his soon to be released book on the subject, an orchestrated and funded war on Trump by some very powerful people.

I'm willing to bet that the cost of the Harvey cleanup will be made up with more people paying taxes...employed.

In the end, perhaps Trump's 1st term will not see the debt grow 'significantly'.   

[LMAO]

Trump just said "Check" on the spineless, lying leadership of the GOP in the House and Senate.

By giving Pelosi and Schumer what they want?

The GOP in Congress doesn't get a pass from me but I fail to see how giving Shumer and Pelosi what they want is a win

[LMAO]

Yeah, to hell with the f'ing debt that we are loading onto our children and grandchildren.  Who cares about that?

Or the declining currency that will affect us all to finance the debt

[LMAO]

Thanks to George W Bush we lost our chance to manage our way out of debt. But all these NeverTrumpers now screaming debt, debt, debt were big fans of W. "The Debt" is just another GOP scam like ACA repeal, as soon as they are in a position to do something about it they go on a spending spree.

So you agree that continuing to keep and raise our debt to GDP ratio over 100% is bad, correct?

[Wingnut]

We will spend ourselves into prosperity. 

[LateForLunch]

We will spend ourselves into prosperity.

Bastiat's Broken Window Fallacy gives psychopaths like NY Fed chairman William Dudley something to use as a template. That monstrous pig actually said, "Over the long term, the rebuilding expenses for Hurricane Harvey and Irma will likely be pluses for the economy."

Somebody is either pulling a Gruber (making a statement that is actually an inside joke to his cronies) or is so severely detached from reality that he needs to be hospitalized. Of course, he could also be a tax-and spend liberal who thinks Cloward-Piven (the deliberate collapsing of the U.S. free-market capitalist economy through wanton federal overspending, to force socialism upon the nation) is just the cat's *ss.

[DB]

Bastiat's Broken Window Fallacy gives psychopaths like NY Fed chairman William Dudley something to use as a template. That monstrous pig actually said, "Over the long term, the rebuilding expenses for Hurricane Harvey and Irma will likely be pluses for the economy."

Somebody is either pulling a Gruber (making a statement that is actually an inside joke to his cronies) or is so severely detached from reality that he needs to be hospitalized. Of course, he could also be a tax-and spend liberal who thinks Cloward-Piven (the deliberate collapsing of the U.S. free-market capitalist economy through wanton federal overspending, to force socialism upon the nation) is just the cat's *ss.

It is pretty scary when a person in that position says such stupid things. Destroying wealth does not create wealth.

[ABX]

It is pretty scary when a person in that position says such stupid things. Destroying wealth does not create wealth.

Even sadder when Conservatives (supposed), who should know better, begin to mimic Paul Krugman.

[Smokin Joe]

I'm willing to bet that the cost of the Harvey cleanup will be made up with more people paying taxes...employed.

In the end, perhaps Trump's 1st term will not see the debt grow 'significantly'.   

They were employed. Now the job is under water, perhaps in more ways than one.

Think about how the cost of cleaning up, except as expressed in the most narrow and arcane terms, will be recouped by taking a fraction of that cost in taxes? Keep in mind that those people and/or businesses which had revenue streams to tax have suffered a grave interruption of that revenue and, if they can afford to rebuild, have losses not only in revenue but in physical and real assets as well. Those reconstruction and recapitalization costs will be tax deductions, and they'll be lucky to be back in the black in the next year or two.
So, I still don't understand how taxing the cost to rebuild will put that much money back in the government's pocket, unless the tax is at 100%

From the first locked door over this storm until the last business is back up and running, there is a loss of business, personal, and private income, and that loss translates to less money in taxes.
Now those who come into the area and participate in the construction frenzy that is sure to come will (some of them) pay taxes, at least sales taxes on materials they don't truck in, but that is part of the cost of rebuilding.

[RoosGirl]

They were employed. Now the job is under water, perhaps in more ways than one.

Think about how the cost of cleaning up, except as expressed in the most narrow and arcane terms, will be recouped by taking a fraction of that cost in taxes? Keep in mind that those people and/or businesses which had revenue streams to tax have suffered a grave interruption of that revenue and, if they can afford to rebuild, have losses not only in revenue but in physical and real assets as well. Those reconstruction and recapitalization costs will be tax deductions, and they'll be lucky to be back in the black in the next year or two.
So, I still don't understand how taxing the cost to rebuild will put that much money back in the government's pocket, unless the tax is at 100%

From the first locked door over this storm until the last business is back up and running, there is a loss of business, personal, and private income, and that loss translates to less money in taxes.
Now those who come into the area and participate in the construction frenzy that is sure to come will (some of them) pay taxes, at least sales taxes on materials they don't truck in, but that is part of the cost of rebuilding.

That kind of juvenile and irrational thought that cleanup from a Harvey or Irma will help recoup cost elsewhere makes me livid.  Dumbass people who watch a storm from afar and rub their greedy hands together waiting to make a buck (and waiting for the gov't to make a buck) from a hole in a roof and a ruined home can kma.

[corbe]

   A significant part of the cleanup/remodeling in Texas and Florida will be done by Illegals who don't pay taxes also.

[Smokin Joe]

That kind of juvenile and irrational thought that cleanup from a Harvey or Irma will help recoup cost elsewhere makes me livid.  Dumbass people who watch a storm from afar and rub their greedy hands together waiting to make a buck (and waiting for the gov't to make a buck) from a hole in a roof and a ruined home can kma.

I  won't fault people who go in and do good work at reasonable rates. They provide a service and make a living too. It's the ones who come in, do shoddy work, and charge way too much I despise.

[RoosGirl]

I  won't fault people who go in and do good work at reasonable rates. They provide a service and make a living too. It's the ones who come in, do shoddy work, and charge way too much I despise.

Yep, there's that too, but I'm talking about the armchair warriors.