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Trump declares mission accomplished in his bid to make America great again
August 31, 2018
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The economy works well for those it is meant to work well for--those on the upper part of the economic spectrum. Of course, the "trickling down" of the wealth to the working classes hasn't happened as much. This is not really the fault of the government; they can give (and they have given) corporations incentives (in this case, in the form of massive tax cuts) and make it possible for them to hire more people. The government, however, cannot force those corporations to invest that money into new facilities and to hire more people, no matter how much that would really benefit the economy. Unfortunately, it's a lot faster and easier to use the windfall to buy back stock, etc. and increase the stock price--the current yardstick to measure a company's success and prosperity--than it is to institute real-world growth. That would involve developing a product or service, obtaining a facility, hiring and training new people...and waiting the years it would take (if it is successful) for the product to catch on and generate a profit for the corporation. Buying back treasury stock increases the price of the outstanding shares instantly, even if it does nothing for the economy as a whole. Cutting employees increases profits as soon as the next quarterly report comes out, even if it harms profitability long-term when productivity declines. But short-term, the stock price increases, and that's considered the yardstick of how the corporation--and the economy as a whole--is succeeding or failing.
HEY TRUMP WHO ARE THOSE PEOPLE YOU KEEP TALKING ABOUT
Two years after President Obama released his birth certificate, Trump said it was not believable to some people. "You know, some people say that was not his birth certificate," he told ABC in August 2013.
Aug 7, 2012 Trump said one of the sources "called my office. saying Obama added 6T to Debt.
Aug 6, 2012 Obama bought his house with Rezko help, Trump took care to describe this source as "extremely credible.
Trump so often sources information to "many people" (without naming any of them) that there's a well-worn #manypeoplearesaying hashtag on Twitter
At a rally in September, a man in Trump's audience said President Obama was a Muslim and “not even an American,” then asked Trump to get rid of Muslim “training camps.” “You know, a lot of people are saying that, and a lot of people are saying that bad things are happening out there,” Trump responded.
In early January, Trump said he had heard from many Republicans worried that his rival, Sen. Ted Cruz, was born in Canada. “I’d hate to see something like that get in his way, but a lot of people are talking about it, and I know that even some states are looking at it very strongly, the fact that he was born in Canada and he has had a double passport,” Trump told the Post.
In May 2016, Trump told the Post what some "people" believe about the death of Vince Foster. “I don’t bring [Foster’s death] up because I don’t know enough to really discuss it,” Trump said. “I will say there are people who continue to bring it up because they think it was absolutely a murder. I don’t do that because I don’t think it’s fair.”
Soon after Trump called for an end to anonymous sourcing, The Associated Press noted, "Members of Trump's White House team regularly demand anonymity when talking to reporters."
"“People come up to me all the time and they go, ‘Thank you, Mr. President.’ "
Using unnamed sources again I see.
Rudy Giuliani's counter report will have less credibility than the Nunes memo. Even that document will be discredited when a real investigation takes place should the GOP lose control of the House of Representatives. Nobody but the core of Trump's base will pay any attention to the Giuliani counter report, which was compiled with the assistance of FoxNews and Mueller will be believed by more than the 60% who have confidence in his work today.
Like an elevator at the penthouse, it is pretty likely, if not certain that you will be going down.
Corporations are ecstatic. They got a 40% tax break. It went from 35% to 21%. A 14 point reduction from 35% results in a 40% REDUCTION IN TAXES. The AMERICAN PEOPLE, (you and me), got 3% shaved off a rate of 25%, and 4% shaved off a rate of 28%. Let's give credit where it's due. He repaid his corporate donors a thousandfold. He made the rich, RICHER. He's got $12 BILLION to help his farmer base, and he's getting half of it back from MILLION of federal employees. Yeah, he deserves credit......
Mission accomplished, he has his bank accounts full again.
"Patten was aware at the time that the Presidential Inauguration Committee could not accept money from foreign nationals," the charges said.
The last president who acclaimed his mission accomplished came to regret his proclamation.
Mission Accomplished? All immigrant families reunited? Relations between the United States and Canada never better? Relations between U.S. and Mexico best ever? Tax returns released? Decency restored to the American political scene? American trust in the government at an all-time high?
In other words, "My Hotels and resorts are doing great thanks to the favors I can give out as POTUS and I only have to pay 20% tax on the income I don't hide overseas".
We are currently in a NINE year economic run starting with DOW 6800 in March 2009... but beware now that rich and corporations have received very nice tax breaks our budget and expenses are spiking revenues are dropping interest rates are rising and Federal workers get $0 pay raises in 2019.
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