Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

Cut the corporate Democrat crap. BHO and co made the world safe for the same Ivy League bankers whose Ponzi scheme caused the crash. The erosion in many HH’s material conditions and their accompanying loss of trust in the system contributed greatly to Trump’s victory.

Your self-congratulation is sickening!

Shovel ready = jobs and infrastructure improvements
auto bailout = jobs
bank stability = avoid total economic collapse

Should certain prosecutions been made? Yes. But that doesn't justify what the GOP did in 2017 which resulted in no new jobs, no economic benefit and a hole in the national debt.

Obama and his team recognized that a modern capitalist economy needs a healthy financial system which is why they worked so hard to help Wall Street recover in 2009 and beyond. The result was incredibly successful in terms of lowering unemployment, getting GDP growing and saving jobs in key sectors such as the automobile industry. I am glad they did not succumb to ideology and populism but instead made policy based on the best advice of technocrats in Treasury and the Fed.
The loans they extended to Wall Street were paid back and in fact the taxpayer made a modest profit.
They did take steps to try to prevent a future financial problem by increasing oversight of the banking sector and founding the Consumer Financial Protection Bureau.
We saw steady progress over 8 years with the stock market rising steadily, the housing market recovered, the unemployment rate declining steadily, poverty declining from close to 15% after the Great Recession to close to 12% when he left office.
https://www.cbpp.org/blog/blinder-and-zandi-policy-responses-to-great-recession-a-resounding-success

The causes of income inequality are very complex. The Trump tax bill did not help but income inequality cannot be dealt with solely by changing the tax code. There are other structural reasons why income inequality has been growing since the late 1970s.
https://www.economist.com/special-report/2012/10/13/the-rich-and-the-rest

Going back to the original post. The tax cut was never going to do what it promised because it was not a growth oriented tax reform package. Instead it was designed to make a relatively small group of people very rich. Just more evidence that the Republican party is no longer able to soberly govern this country or put country over party/their individual self interest.

PP, who's useful idiot are you?

I am an economist who understands these policy issues.

More likely you're paid to portray them in a light that favors certain interests. Who pays you?

Pp you’re too stupid to understand what he wrote.

LOL

Most reputable economists realize that supply side economics doesn't work. Tax cuts only work to spur economic growth if the current tax rate is relatively high (think 70%). That's not what we had prior to the tax cut. Kansas is a perfect example of how cutting taxes too much when the tax rate was already pretty low doesn't work.

Yup. The “economist” must have gotten his degree from Trump University.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

Cut the corporate Democrat crap. BHO and co made the world safe for the same Ivy League bankers whose Ponzi scheme caused the crash. The erosion in many HH’s material conditions and their accompanying loss of trust in the system contributed greatly to Trump’s victory.

Your self-congratulation is sickening!

This is why I will never respect both Obama and Holder.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

Cut the corporate Democrat crap. BHO and co made the world safe for the same Ivy League bankers whose Ponzi scheme caused the crash. The erosion in many HH’s material conditions and their accompanying loss of trust in the system contributed greatly to Trump’s victory.

Your self-congratulation is sickening!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Greatest wealth transfer in history. From your pocket to Jamie Dimon's.

2008-2011 with the financial crisis bailout and phony mortgage settlement was worse. But yes, this is awful.

Yes, W left a mess for the Dems to clean up. And clean up, they did. The economic numbers all rebounded and the stock market reflected a solid appreciation in response. Also, the money spent went into shoring up jobs in banking, auto manufacturing, and shovel ready infrastruture, so somehow, people actually benefited from the investments. Unlike the 2017 GOP tax cuts.

Cut the corporate Democrat crap. BHO and co made the world safe for the same Ivy League bankers whose Ponzi scheme caused the crash. The erosion in many HH’s material conditions and their accompanying loss of trust in the system contributed greatly to Trump’s victory.

Your self-congratulation is sickening!

Shovel ready = jobs and infrastructure improvements
auto bailout = jobs
bank stability = avoid total economic collapse

Should certain prosecutions been made? Yes. But that doesn't justify what the GOP did in 2017 which resulted in no new jobs, no economic benefit and a hole in the national debt.

Obama and his team recognized that a modern capitalist economy needs a healthy financial system which is why they worked so hard to help Wall Street recover in 2009 and beyond. The result was incredibly successful in terms of lowering unemployment, getting GDP growing and saving jobs in key sectors such as the automobile industry. I am glad they did not succumb to ideology and populism but instead made policy based on the best advice of technocrats in Treasury and the Fed.
The loans they extended to Wall Street were paid back and in fact the taxpayer made a modest profit.
They did take steps to try to prevent a future financial problem by increasing oversight of the banking sector and founding the Consumer Financial Protection Bureau.
We saw steady progress over 8 years with the stock market rising steadily, the housing market recovered, the unemployment rate declining steadily, poverty declining from close to 15% after the Great Recession to close to 12% when he left office.
https://www.cbpp.org/blog/blinder-and-zandi-policy-responses-to-great-recession-a-resounding-success

The causes of income inequality are very complex. The Trump tax bill did not help but income inequality cannot be dealt with solely by changing the tax code. There are other structural reasons why income inequality has been growing since the late 1970s.
https://www.economist.com/special-report/2012/10/13/the-rich-and-the-rest

Going back to the original post. The tax cut was never going to do what it promised because it was not a growth oriented tax reform package. Instead it was designed to make a relatively small group of people very rich. Just more evidence that the Republican party is no longer able to soberly govern this country or put country over party/their individual self interest.

PP, who's useful idiot are you?

I am an economist who understands these policy issues.

More likely you're paid to portray them in a light that favors certain interests. Who pays you?

Pp you’re too stupid to understand what he wrote.

LOL

Most reputable economists realize that supply side economics doesn't work. Tax cuts only work to spur economic growth if the current tax rate is relatively high (think 70%). That's not what we had prior to the tax cut. Kansas is a perfect example of how cutting taxes too much when the tax rate was already pretty low doesn't work.