Posted By: LostSon
That [tax cuts] alone jump started the economy.
The economy, according to every major statistic described in the articles I cited, was ALREADY "jump started" by Obama and on an upward trend. On the other hand, Trump's tax cuts did NOT jump start anything. It made the richest richer:
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http://apnews.com/article/438fae12f9204b1fbd8e8b1985ae554f US companies’ tax windfall fuels record share buybacks.
"U.S. corporations spent a record amount buying back their own shares last year, using 2017’s tax-cut windfall to reward shareholders rather than to invest or expand their businesses. Companies in the S&P 500 spent $806 billion on stock buybacks in 2018, blowing away the previous record of nearly $590 billion set in 2007. ..."
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"“Buybacks were again favored over dividends in both the rate of growth and aggregate dollars spent,” said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. ..."
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Or maybe you'll believe TRUMP on the effect of his own tax cuts and business credits:
http://www.reuters.com/article/us-health-coronavirus-trump-buybacks/trump-slams-companies-for-using-u-s-tax-credit-to-buy-back-stocks-idUSKBN2173HY Trump slams companies for using U.S. tax credit to buy back stocks.
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"U.S. President Donald Trump on Friday took Boeing Co and some airlines to task for buying back shares with the cash boost from a 2018 tax break, vowing to ensure that companies benefiting from coronavirus stimulus won't follow suit. ...
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"Corporations buy back their own shares as a way to invest in themselves. By reducing the number of outstanding shares, a company can boost its stock price, and it is one way corporations add value for shareholders. ..."
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"“I never liked stock buybacks from their standpoint. ****When we did a big tax cut, and when they took the money and did buybacks, that’s not building a hangar, that’s not buying aircraft, that is not doing the kind of things that I want them to do,” **** he said. ... “I am fine with restricting buybacks,” Trump added. “In fact, I would demand that there be no stock buybacks. I don’t want them taking hundreds of millions of dollars and buying back their stock because that does nothing,” he said. ..."
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Also the “in the name of environmental efforts” which had mass unintended consequences. F O R instance the mass attacks on the coal industry… A huge unintended consequence was the fact that we shut down the production of coal tar pitch in the United States.
Trump campaigned in 2016 that he would BRING BACK COAL!!! Whoo hoo! How did that work out?
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http://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-coal-jobs-down-24-from-the-start-of-trump-administration-to-latest-quarter-61386963 US coal jobs down 24% from the start of Trump administration to latest quarter.
"Despite a campaign promise to put coal miners back to work and support "beautiful clean coal," President Donald Trump is on track to leave the White House with the nation posting the lowest coal production and jobs figures in recent history.
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""You watch what happens — if I win, we're going to bring those miners back," Trump said at a 2016 rally. ..."
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THAT didn't happen. Neither did many other things that Trump promised:
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http://www.cnn.com/2021/01/30/politics/trump-broken-promises/index.html From building the wall to bringing back coal: Some of Trump’s more notable broken promises.
"While Donald Trump’s first campaign for president was all about change, his argument for re-election was based on the premise that he had delivered on his initial promises and would continue to do so. The campaign slogan “Promises made, promises kept,” became Trump’s rallying cry. ..."
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It's a long list!!! And it's a list that helps to explain what several of us think is a huge or ("I know words. I have the best words.") BIGLY problem. Lost, willy, followme, CDL, et al. accept a Trump tweet as gospel. "I built the wall!" "I brought back coal!" "I got rid of the trade deficit!" "I am God! Bow down to me!" ... and they will repeat: "Trump built the wall!" "Trump had the best economy ever!" "Trump cut the debt!" ...
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Trump did not bring back coal. Coal industry employment shrank by ~25% (~50800 down to 38000) under Trump. Some industry experts (technical, financial) saw it coming, but not Trump. Trump was going to bring back coal with bluster. Cheap, cleaner natural gas hastened the demise of coal. Platitudes and promises (despite weakening regulations and cheaper leases and so on) could not save coal. But Trump will campaign on "I saved COAL!" and his MAGA ("My Ass Got Arrested") will accept Trump on his (worthless) word.
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And to inicky's point about "You really are TSTTT. Too Stupid To Talk To." Although I "reply" (literally: hit the Reply or Quote button) to Lost, willy, et al., I know that I will not change their opinions on anything. Rather, my posts are directed at the readers who do not actively participate in the Forum. I do not them to be fooled by the misleading posts of Lost, willy, et al.. MAYBE they will follow up by reading the articles I cite and quote and find additional information on their own. At a minimum, I hope that they will realize that Trump is a one-man propaganda machine who has an army of sycophants who unquestioningly repeat his lies and spread them, even to TER.