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12-15-2018, 04:50 PM
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#91
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Smarty Pants
Join Date: Sep 2001
Location: Every Vote Counts
Posts: 3,160
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Quote:
Originally Posted by reckless
What you linked has little to do with what I posted and the point I made, but I expected such.
Not dismissing the federal debt but until the debt-to-GDP ratio reaches 115+ per cent, the geniuses in Wash DC will continue to spend and waste money... and tax. We're at a dangerous 107 per cent now.
This is just the steel and aluminum tariffs; now that China and the other trading partners have agreed to lowering their tariffs, buy more of our goods such as cars and soybeans, etc., this will add moolah to the US Treasury and narrow the deficit (but not the federal debt; that needs radical change and the country is too soft for the required medicine needed.)
https://www.washingtonexaminer.com/n...n-and-counting
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Are you suggesting a Convention of the States Article 5 solution?
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12-15-2018, 06:20 PM
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#92
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by reckless
The Trump administration has assessed $4.4 billion worth of duties on steel and aluminum imports and a range of goods from China under the tariffs it imposed in an effort to protect U.S. companies.
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All of which was passed on to the American consumer in higher prices. And the tariffs allowed American companies to raise their prices, which were also passed on to the American consumer.
__________________
A man's got to know his limitations. -- Dirty Harry
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12-15-2018, 06:23 PM
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#93
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Smarty Pants
Join Date: Sep 2001
Location: Every Vote Counts
Posts: 3,160
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Quote:
Originally Posted by Clocker
All of which was passed on to the American consumer in higher prices. And the tariffs allowed American companies to raise their prices, which were also passed on to the American consumer.
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It's not better to just "lie down" and take it from China.
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12-15-2018, 06:41 PM
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#94
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Buckeye
It's not better to just "lie down" and take it from China.
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Take what from China? Lower priced consumer goods that hold down the cost of living of Americans?
A trade deficit is not a bad thing for a highly developed country. The US has been running one since the late 70s. Our economy keeps growing, wages go up, and people have a higher standard of living. All helped by those evil Chinese.
A trade deficit means a capital surplus. That means that foreigners are investing more in the US than we are investing in foreign countries. That means more jobs for Americans.
Bottom line: lower prices and more foreign investment as a result of trade. And Trump wants to put an end to that.
__________________
A man's got to know his limitations. -- Dirty Harry
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09-03-2019, 01:23 PM
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#95
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Veteran
Join Date: Mar 2009
Posts: 9,893
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* 2Q19 real GDP growth was 2% (released last week).
* The Atlanta Fed is projecting 3Q19 real GDP at 1.7% (the 3Q19 forecast embeds strong consumer activity, offset by weaker investment spending).
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
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09-03-2019, 01:58 PM
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#96
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Saratoga_Mike
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Sugar High has worn off...
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09-03-2019, 02:29 PM
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#97
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Registered User
Join Date: May 2010
Posts: 5,005
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Quote:
Originally Posted by elysiantraveller
Sugar High has worn off...
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Guess the administration will have to come up with something to keep everyone's Bg up, then. What will it be - Do away with the Fed? Cancel the income tax? Subsidies for all, a la the big bad socialist dems? Stay tuned.
"It's the stupid, economy!
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01-30-2020, 09:33 AM
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#99
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by JustRalph
So we got a 2.6
I am optimistic that we see in excess of 4% before the end of 2018
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It’s 2020. Still looking for that elusive white whale.
Trump economy is just a continuation of the Obama recovery.
Allan
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01-30-2020, 09:57 AM
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#100
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gelding
Join Date: Oct 2008
Posts: 8,883
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01-30-2020, 12:32 PM
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#101
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,456
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Deniers.
When you look at your 401K, you don'wt look at percentage, you look at the bottom line.
401k value - $5,000 dollars
Increase - 2%
401k value - $50,000
Increase - 1.5 %
Which one ya gonna take, Al?
__________________
Who does the Racing Form Detective like in this one?
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01-30-2020, 12:49 PM
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#102
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by Tom
Deniers.
When you look at your 401K, you don'wt look at percentage, you look at the bottom line.
401k value - $5,000 dollars
Increase - 2%
401k value - $50,000
Increase - 1.5 %
Which one ya gonna take, Al?
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Deniers?
My 401k went up under both Obama and trump.
Trump economy is exactly the same as Obama.s and my 401k is Happy.
As long as we stay away from the w economy everything will be good.
Allan
Allan
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01-30-2020, 02:35 PM
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#103
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gelding
Join Date: Oct 2008
Posts: 8,883
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01-30-2020, 07:55 PM
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#104
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,397
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Quote:
Originally Posted by biggestal99
Deniers?
My 401k went up under both Obama and trump.
Trump economy is exactly the same as Obama.s and my 401k is Happy.
As long as we stay away from the w economy everything will be good.
Allan
Allan
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Not even close, I had a bunch of friends stuck in suck jobs now held by people who really needed a job. Those friends I speak about all are making more money than the jobs they left.
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01-30-2020, 10:14 PM
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#105
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,456
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__________________
Who does the Racing Form Detective like in this one?
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