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Donald J. Trump, 45th President of the United States

Discussion in 'RCF Politics' started by gourimoko, Feb 26, 2018.

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What are your feelings on President Trump's performance

This poll will close on Dec 29, 2018 at 1:27 PM.
  1. Strongly Approve

    12 vote(s)
    10.8%
  2. Approve

    12 vote(s)
    10.8%
  3. Strongly Disapprove

    62 vote(s)
    55.9%
  4. Disapprove

    14 vote(s)
    12.6%
  5. No Opinion

    11 vote(s)
    9.9%
  1. King Stannis

    King Stannis The One True King

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    While it is true the POTUS gets too much credit, or too much blame, for the economy, I think it matters to an extent.

    But, I disagree that Trump is the active element in the good economy. I think any Republican POTUS would see similar numbers. Indeed, I bet the economy would be modestly better if another GOPer were in there instead of Trump, be it Jeb(!), Lil' Marco, Krafty Kasich or Lyin' Ted.

    Why? They would not have started trade wars no one asked for that on the whole prevents growth in many manufacturing sectors because companies can't long-term plan for expansion due to volatility caused by these tariffs (among other large negatives in exchange for modest short-term gains). And the also the uncertainty that arose out of Trump declaring NAFTA is dead, or TPP is bad etc., etc.
     
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  2. Phills14

    Phills14 Cleveland Sports Fan Staff Member Moderator

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    I agree with this 100%. Obama left Trump with a strong economy that was experiencing solid but not spectacular growth. Trump has seen the economy increase to better levels than when he took control. Those are facts by most metrics. However; the economy initially surges when a Republican administration takes control because of the pro business, anti-regulation ideals they have. Democratic administrations typically take up social issues and more governmental controls at the start of their terms which causes the economy to slow but quality of life for most to improve. I would argue that although Trump's economy is doing well, he does things like Tariffs, eliminating trade pacts and general insanity that has stunted the economy's acceleration.
     
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  3. gourimoko

    gourimoko Fighting the good fight!

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    All the Congress did was provide economic stimulus via tax cuts... That's the origin of this economic surge.. You can do that stimulus via tax cuts to the wealthy, to corporations, or to everyday people. You can also do direct stimulus programs. The Democrats campaigned on stimulus just as Trump did... The difference is that the Democrats plan would've provided direct stimulus to the consumer class as well as infrastructure programs. The other difference is that the Democrats wouldn't have massively blown the deficit out of the water as the Trump Administration and the Republicans have done with these tax cuts....

    Trump's argument to Cohn was that the Fed should just print more money to pay for the tax cuts. That was his plan during the campaign... to just print more money to pay off the debt. It's not that it's a stupid idea, it's that what he's arguing to do is effectively inflate the currency (i.e., regressively and indirectly tax everyday Americans) in order to give trillions in cuts to the corporations and the wealthy. Now, if you put that in a campaign slogan, it might not work; but that's what we've got.

    So sure, the stock market is riding high on immediate stimulus and the economy is continuing to grow; but prices are higher, the rate of inflation is twice as high as it was 18 months ago, and the federal deficit is literally exploding to fund this tax stimulus. This is no different than maxing out all your credit cards when your friends from out of town come over for a couple of weeks to act as though you have more money than you really do...

    Within 2-3 years we'll be facing austerity measures again due to the stimulus effect having worn off and the deficit driving us towards economically depressing spending cuts. That's the part of this people aren't really getting....
     
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  4. Cavatt

    Cavatt Hall-of-Famer

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    The plan is to cut social security and medicare. Run up the deficit that has nothing to do with those well-funded plans that are our money. If you can do it before the economy crashes that would be really smart. Especially if you can do it before the middle class taxes increase back to their original levels. Normal people already lost their tax cut to inflation, but rest assured they will continue to pay for them with higher taxes in a few years and with reduced benefits from SS and Medicare in their old age. Glad I got that 1k so I could lose 10's of thousands over a much longer period of time.

    Refusing to cut SS and Medicare need to be the dem platform, and they need to challenge every republican on it.

    My question to conservatives out there is, do you really want these 2 programs cut? Was it worth the tax cut you received?
     
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  5. gourimoko

    gourimoko Fighting the good fight!

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    Yep... nailed it... They're putting us in a position where we won't have a choice. Cutting Medicare/SS will be the only way out. It's really disgusting when you think about it .. how many people who depend on those programs will suffer, all so we could get that tax cut. It just wasn't necessary; and I think we'd have been better off without it.
     
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  6. King Stannis

    King Stannis The One True King

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    You are either a creator or a parasite.

    Parasites don't warrant help.
     
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  7. Cavatt

    Cavatt Hall-of-Famer

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    IF dems ever get in power again, they need to make medicare for all and just keep repeating that they are using the revenue generated from the tax cuts to pay for it and anything else they want to do. If they do this long enough, Republicans will have to admit cutting taxes doesn't create revenue and then we can have a real conversation about fiscal policy. Cutting taxes and raising the military budget just can't go on forever.

    "you can't do this the deficit"

    "we are using the tax revenue you created with the tax cuts"

    "um...."
     
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  8. gourimoko

    gourimoko Fighting the good fight!

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    New GOP tax cuts would add $3.8 trillion to deficit, says report

    A second round of GOP tax cuts would add $3.8 trillion to the federal deficit over the next two decades, according to a report released this week by the Urban-Brookings Tax Policy Center.

    A bill that the House Ways and Means Committee approved Thursday, "Protecting Family and Small Business Tax Cuts Act of 2018," would reduce federal revenue by $631 billion from FY 2019-28 and an additional $3.15 trillion between FY 2029-38, the group estimated.

    The bill, released by Rep. Kevin Brady (R-Texas), chairman of the House Ways and Means Committee, would extend individual income and estate tax provisions in the 2017 Republican tax bill, the Tax Cut and Jobs Act.

    The report from the Tax Policy Center, which is led by a former tax official from the Obama administration, states that about two-thirds of taxpayers would get a tax cut, while about 9 percent would get a tax hike from the bill. Higher-income households, it says, on average would receive larger average tax cuts as a percentage of after-tax income.

    The provisions in the 2017 tax law are not set to expire until 2025 regardless, which explains the lower estimate for revenue lost in the first 10-year period.

    While Republicans have argued the new tax bill would boost the economy, the report estimates its effects would be minimal. It estimates the bill would increase gross domestic product by about 0.5 percent in 2026, 0.4 percent in 2028 and 0.1 percent in 2038.

    By imposing lower tax rates on labor and capital income, the bill would increase incentives for working and saving, the Tax Policy Center found. This feedback loop would increase revenue by a cumulative $71 billion over the first decade analyzed and $157 billion over the second.

    The Joint Committee on Taxation also estimates $631 billion in revenue would be lost under the bill in the next decade, but has not made predictions past then.

    In addition to approving legislation on Thursday to make the 2017 tax law's individual cuts permanent, the Ways and Means committee also advanced measures focused on incentivizing savings and encouraging business innovation.

    The University of Pennsylvania's Penn Wharton Budget Model on Thursday released an analysis that found that, together, the three bills would lose $614 billion in revenue over the next 10 years and would reduce revenue by about $3.8 billion by 2040.

    The group estimates that by 2040, the package would reduce gross domestic product by between 0.6 percent and 0.9 percent. It argued that the economic benefits of the tax changes are outweighed by the negative effects of additional debt.
     
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  9. Jack Brickman

    Jack Brickman Hall-of-Famer

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    If you destroy the planet before the bill is due, you don't have to pay.

    [​IMG]
     
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  10. Tlyons

    Tlyons NBA Starter

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    Ugh

    Welcome back
     
  11. CleveRocks

    CleveRocks There go the Cavs!

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    No one will ever credit Trump with anything..

    I personally think its smart for the US to renegotiate the trade deals right now..We can be a lot tougher at the table when employment is full.

    Virtually every economy around the world has protectionist measures. Mexico has local content, Canada protects dairy and forest products, China manipulates currency and has state participation in key industries.. it just goes on and on...

    We ship foreign aid to countries that do not behave as Allies, and our boots on the ground where we are not wanted by the locals.. So to me, we need to rethink who our real allies are and where our real interests lie..

    Is Trump up to that task? I cant say. He has created negotiating leverage, but unpopularity at home makes him weaker..

    As for economic credit. Obama and Bush had more of a role that Trump has so far, but Trump has had a positive impact..
     
  12. Hurl Bruce

    Hurl Bruce Sexual Tyrannosaurus

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    Is this his most egregious lie thus far? There are so many that it's hard to figure out, but this one has to be the worst, right?
     
  13. Marcus

    Marcus No cLue

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    I honestly think people are just numb to it at this point. Every single day the guy one ups himself. This will be barely a footnote in the news cycle by the end of the day.
     
  14. Kiddo

    Kiddo Sixth Man

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    For a long time the number of deaths directly related to the hurricane were at 6 or 7. It wasn’t until a long time later they changed it to 2700+. Whether fema did it’s job or not, it’s what didn’t happen over the next several weeks and months is what ended up killing the rest of them.
     
  15. Cavatt

    Cavatt Hall-of-Famer

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    Yes which is the part you can do something about. You can't do anything when the hurricane kills people, it's the aftermath you can mitigate. Trump basically called out his own incompetence
     
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