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Biden 2020
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boggsman1



Joined: 24 Jun 2002
Posts: 8708
Location: at a computer

PostPosted: Thu Apr 29, 2021 12:28 pm    Post subject: Reply with quote

Stock market +24% since Joe elected, compare that to Trump's 11%. Best start for a prez in 75 years. ....And, GDP grew 6.4% in Q1....good start Joe!!!
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techno900



Joined: 28 Mar 2001
Posts: 3966

PostPosted: Fri Apr 30, 2021 8:30 am    Post subject: Reply with quote

And I recall Mac and others bellyaching about Trump's contribution to the national debt. Nothing compared to Biden.

From the WSJ - Karl Rove

Quote:
President Biden has 53% approval in the RealClearPolitics average as his 100th day looms. That’s 12 points higher than President Trump at this point in his presidency—but still the second-lowest such rating for any president elected since modern polling of presidential performance began in 1945.

Yet the Biden administration acts as if it has a broad mandate to pursue the most ambitious left-wing agenda in history, involving a massive expansion of the federal government and unsustainable spending increases.

One example is the $1.9 trillion Covid relief package, which goes mostly to new programs that have nothing to do with the coronavirus. Similarly, Mr. Biden’s $2.3 trillion infrastructure proposal would spend hundreds of billions on roads, bridges, ports, airports, utility grids and broadband—but almost $1.5 trillion on other things.

All this largess requires confiscatory tax increases that would punish savings by raising capital-gains tax rates, devastate small businesses that pass profits through to their owners by taxing income more heavily, and make U.S. businesses less competitive abroad by raising corporate rates well above those of foreign competitors.

There are also bills that would federalize elections, force unionization of America’s workforce, and make the District of Columbia a state. And of course the panel to study packing the Supreme Court and diminishing its power to curtail unconstitutional laws and executive actions.

This column is written before Wednesday’s presidential address, but the White House’s pre-speech “leaks” foreshadow $1.8 trillion in new child and education spending as well as huge additional outlays to shore up ObamaCare. This would bring Mr. Biden’s total in proposed new spending to $6 trillion in his first 100 days.
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J64TWB



Joined: 24 Dec 2013
Posts: 1596

PostPosted: Fri Apr 30, 2021 9:01 am    Post subject: Reply with quote

Hey at least he has a plan to pay it back by taxing the top 1%. Trumps plan, just keep borrowing and don't have anyone pay it back.

How bout this, trying trickle up economics for once. Increase minimum wage, 30% of the country now has more money to blow on material crap, instead of just the 1% padding their bank accounts.
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coachg



Joined: 10 Sep 2000
Posts: 3111

PostPosted: Fri Apr 30, 2021 9:04 am    Post subject: Reply with quote

techno900 wrote:
And I recall Mac and others bellyaching about Trump's contribution to the national debt. Nothing compared to Biden.


Too true. Neither President had been financially responsible so that wasn't a game breaker when deciding which person to vote for. Under Trump we were the joke of the free world on the handling of COVID; dead last in just about every category. Now, under Biden we are leading the free world in dealing with COVID & while other countries are having new shut downs we are looking at complete opening by July. For me, the handling of COVID was one of the major reasons for casting my first Presidential vote since 2012. So far it has paid off.

Coachg
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techno900



Joined: 28 Mar 2001
Posts: 3966

PostPosted: Fri Apr 30, 2021 9:21 am    Post subject: Reply with quote

J64twb said:
Quote:
Hey at least he has a plan to pay it back by taxing the top 1%.

I don't have much confidence that the taxing as stated will cover the costs. "The rich and corporations will pay their fair share". That line will lead to a quagmire of issues, but time will tell.
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boggsman1



Joined: 24 Jun 2002
Posts: 8708
Location: at a computer

PostPosted: Fri Apr 30, 2021 9:28 am    Post subject: Reply with quote

For me , its the hypocritical nature of the conservative claiming to be fiscally prudent. That claim , as we now know, if finished . Certainly , all Dems not named Bill Clinton have been massive deficit spenders, but so have the last 4 Republican presidents. Karl Rove was in the White House in 2003-2004, when we were cutting taxes , and running MASSIVE deficits, while over 100,000 troops fought our wars, so his commentary(which is wrong), falls on deaf ears..
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mrgybe



Joined: 01 Jul 2008
Posts: 5073

PostPosted: Fri Apr 30, 2021 9:58 am    Post subject: Reply with quote

Boggsy, Why is his commentary "wrong"?
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boggsman1



Joined: 24 Jun 2002
Posts: 8708
Location: at a computer

PostPosted: Fri Apr 30, 2021 3:54 pm    Post subject: Reply with quote

It’s wrong in my view to suggest that infrastructure spending is narrowly defined by roads/bridges/and concrete.. The Rove narrative whittles down the $1.6 TR to a few hundred billion , similar to the bogus assertion that the $1.9 Tr Bill already passed barely addresses the Covid impacted needs of the people .. Republican pablum, and wrong ..
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mac



Joined: 07 Mar 1999
Posts: 16661
Location: Berkeley, California

PostPosted: Fri Apr 30, 2021 7:42 pm    Post subject: Reply with quote

As usual, Techno makes no effort to actually understand what I have said here, or what it might mean. First, let’s remember that Trump and the GOP fueled a giant trickle up boom with tax cuts for corporations and Fed policies that made the rich even richer—and the deficit worse. It did have benefits, including higher employment. But most of the benefits went to the haves, not the have-nots, and I have seen no compelling analysis that it made us more competitive internationally.

Now Biden has proposed measures that would invest in infrastructure. He argues, and I believe, that such measures will:

- provide jobs for those without college educations that cannot be outsourced
- make us more competitive, particularly with China, which has made huge investments in infrastructure, http://trumancenter.org/doctrine-blog/chinas-great-infrastructure-binge-in-charts/ China’s investment in infrastructure totals about $2.3 trillion a year, and their definition of infrastructure matches Biden’s more closely than Rove’s

So I see a distinction between funding infrastructure, which has, until now, enjoyed bi-partisan support, and deficit spending to fatten oligarch’s income. The economic history of this country has shown huge benefits from investments in railroads, interstate highways (Republican Eisenhower), rural electrification (the New Deal), and the space program (the micro-conductor industry.)

We could have an adult discussion about whether Biden’s proposals will generate economic benefits that are commensurate with the costs. We cannot have that discussion with trolls like Techno and mrDDT.

We can have programs that make us more competitive, or tariffs which punish consumers and farmers. We got to pick—and we picked the adult with a competent team. [/list]
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swchandler



Joined: 08 Nov 1993
Posts: 10126

PostPosted: Fri Apr 30, 2021 8:40 pm    Post subject: Reply with quote

While Karl Rove is wringing his hands about so called confiscatory tax increases, punishing capital gains tax rates and howling at the moon, do you think that such a bent right winger would side with the average American with an IRA or 401K that is required to make yearly withdrawals?

I'm sure that he's more than fine with taxing the little guy withdrawing any investment gains made in the market at working wage income rates. Why can't we hold back on withdrawing any pre-tax wage income that we deposited years ago and just pay for investment gains withdrawals at a capital gains tax rate?

Do you think that Republicans really care about average Americans? You'd have to be a fool is you did. All you have to do is look at the facts.
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