Discussion: Republicans Gleeful Over Secured Tax Bill Votes: 'This Is Happening'

Since there is no known causal relationship between corporate tax rates and productivity or competitiveness or, for that matter economic growth generally, Corker is essentially making a bet on a horse race while spinning the roulette wheel in the casino.

Not that Republicans really believe deficits or national debt are a problem when they are in power.

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People who inherit fortunes would get a big break

And the Democrats are the elitists? How does this help the economically anxious? What do the Republicans expect to gain from this?

They arenā€™t doing themselves any favors, in the long run. They made so many foolish promises and now they donā€™t have the guts to say ā€œI was wrongā€.

Cowards.

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This is the Republicanā€™s Borodino, the battle Napoleon won before occupying Moscow. It was a real high for the French army, but it got pretty cold in Moscow that winter, and very few of them made it home alive. It is a little ironic in this re-enactment that the Russian czar is encouraging the Republican troops, but I doubt he will give them enough blankets to stay warm as 2018 progresses.

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The repubs know very well that they are blowing up the deficit. It does not matter to them. What matters is giving the super rich a few million times more than what they invested in bribing the repubs who then adopted the tax laws the super rich wrote for themselves. The reason it does not matter to the repubs is that they know when the dems are voted back into power they will have to repair the damage the repubs did. Just like President Obama after Dubya cratered the worldā€™s economy. Repubs are getting their usual two scoops of ice cream here. They gain favor with the super rich now and blame it on the next Democratic administration.

Every time we throw out the repubs we have to waste all of our energy sweeping up elephant poop.

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PeoplE wiLL grOw to liKing enriching trUmp likE they diD ohbummercre, which is a DisaSter.

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Dumb Question:

I know the other side of this question, but has there been any commitment by a corporate entity to pass their tax savings down to creating jobs and increasing salaries or benefits? Solid statements, numbers and so forth, not a passing idea of yeah, likely, maybe?

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FaKe nEWS

https://www.washingtonpost.com/business/economy/trump-promised-america-first-would-keep-jobs-here-but-the-tax-plan-might-not/2017/12/15/7b8ed60e-df93-11e7-bbd0-9dfb2e37492a_story.html?hpid=hp_rhp-top-table-main_offshoring-850pm%3Ahomepage%2Fstory&utm_term=.4668c7a65caa

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Even weak humor is appreciated.

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I donā€™t care much for Eichenwald but this thread is quite good.

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As Wolfman Jack used to say: You aniā€™t gonna get it 'cause I got it!

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Well worth your time:

.

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This Associated Press article ignores the rampaging elephant in the room ā€“ the estimated 13 million fewer people who will have health insurance due to the repeal of Obamacareā€™s individual mandate.

To call that a ā€œmajor omissionā€ would be the Understatement of the Century.

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Yes, in the sense that Democrats subscribe to the elitist concepts that all men are created equal, that the purpose of government is to do the greatest good for the greatest number of people, and the social contract theory that people live together in society in accordance with an agreement that establishes moral and political rules of behavior.

They will find comfort in their faith in the beneficence of their GOP benefactors and corporate paymasters.

Personal wealth accumulation and the continued financial support of their donors and overlords in sufficient amount to withstand any voter revolt among the hoi polloi.

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People need to wake up and make some plans. They are going to destroy the rule of law completely in the near future. Make protest plans now. If you donā€™t and if we failā€¦then I hope I donā€™t need to tell you what follows.

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During their glee over ripping off poor folks I wonder if the GOPers know of trumpā€™s attack on freedom to express oneā€™s science idea if the one concerned works or has a request into the CDC

I was a scientist in my career. When someone demands I not use certain words-- these are not obscene words-- to express science data or ideasā€¦well themā€™s fightinā€™ words.

Here is a link to a CNN story and a couple paragraphs so you get the flavor of what naked tyranny looks like:

(CNN)Officials at the Centers for Disease Control and Prevention,
the very agency tasked with saving and protecting the lives of the most
vulnerable, are now under order by the Trump administration to stop using words
including ā€œvulnerableā€ in 2018 budget documents, according to The
Washington Post.

In a 90-minute briefing on Thursday,
policy analysts at the nationā€™s leading public health institute were presented
with the menu of seven banned words, an analyst told the paper. On the list:
ā€œdiversity,ā€ ā€œfetus,ā€ ā€œtransgender,ā€ ā€œvulnerable,ā€
ā€œentitlement,ā€ ā€œscience-basedā€ and
ā€œevidence-based.ā€

Alternative word choices reportedly
were presented in some cases. For instance, in lieu of
ā€œevidence-basedā€ or ā€œscience-based,ā€ an analyst might say,
ā€œCDC bases its recommendations on science in consideration with community
standards and wishes,ā€ the source said. But those working on the Zika
virusā€™s effect on developing fetuses may be at a loss for appropriate ā€“ or
acceptable ā€“ words.

The reaction in the room was
ā€œincredulous,ā€ the longtime CDC analyst told the Post. ā€œIt was very
much, ā€˜Are you serious? Are you kidding?ā€™ā€

As news of the word ban spreads at
the CDC, the analyst expects growing backlash.
ā€¦
edit
To say I am incensed would be severe understatement.

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This fucking piece of crap assumes 3-4 % growth over the next 10 years. That sounds highly inflationary. I am not an economist, so cannot determine or explain how growth and inflation work together. But this sound inflationary to me. Of course, one strategy to manage debt is to inflate the hell out of the currency.

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The bottom line here is *somebody" will end up with 2 TRILLION dollars of debt to repay with nothing to show for it. Hereā€™s an example of having at least something for all the debt incurredā€¦ Reagan drove us into debt when he had a 600 ship addition to our Navyā€¦but at least we had the goddam ships. In this case we will have debtā€¦lots and lots of debt. with not a damned thing else to hold onto. $2 trillion means $5714 of debt per person in the US. Everybody. Kids included.

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The assumption of 2 Trillion in debt depends on having 10 years of 3-4% growth. We have never had that except after WWII when the whole world was destroyed except us. We wonā€™t have that in the next 10 years.

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How hard will this be to unwind?

Remember the corruption under Tom Delay and Jack Abramoff? I think the trigger for the next black swan market event will be rampant corruption in the markets, boardrooms, and in Congress. Trump has basically given all grifters a green light. When the President and his entire cabinet are grifters, that sends a signal. The looting of the working class and poor will become commonplace in many areas. The SEC will turn a blind eye as will other agencies run by Trumpers. We may make Brazil look like pikers in a few years. Speaking of Brazil, read this and see if you detect anything similar to the US.

Yeah, Iā€™m really glad that you ask that, because thereā€™s no way to discuss the situation in Brazil without understanding the agenda of international finance and domestic oligarchs, in particular, their desperation to impose extremely harsh austerity measures on an already suffering poor population.

Michel Temer, shortly after he was installed as president, came to New York and spoke to a gathering of hedge funds and foreign policy elites in New York and said that the real reason Dilma was impeached was not because of these budgetary tricks she was accused of using, but it was because she was unwilling to impose the level of austerity that international capital and the business interests in Brazil wanted. Thatā€™s why they put Temer into office, to, quote-unquote, ā€œreformā€ pensions and labor laws, to make people work longer, to extend their retirement rate, to reduce their benefits. This is what the whole thing is about. And itā€™s amazing because every time it looks like Temer is going to stay, the real increases in strength, as does the Brazilian stock market. Every time it looks like heā€™s in trouble, the real decreases, and the Brazilian stock market weakens, because international finance wants Temer to stay, because heā€™s the only one willing to impose these harsh austerity measures, because heā€™s already so unpopular and so old that heā€™s not going to run again and canā€™t run again, so he doesnā€™t care. Heā€™s willing to do their dirty work for them.

At the same time, yesterday, when Lula got convicted and it looked like or the court has declared him ineligible to run again in 2018, what happened to the real? It skyrocketed against the dollar. The Brazilian stock market boomed because international finance wants the right to take over and continue to maintain power in Brazil. So, everything is about the underlying attempt to take away the benefits from the nationā€™s poor that PT has legislated for them, to make people work longer hours, to make them have fewer benefits, to transfer wealth from the laborers in this country and the poor in this country back to the oligarchs. Thatā€™s why Dilma was removed. Thatā€™s why Michel Temer is in power. Thatā€™s why they want to make Lula ineligible. And so, that is absolutely what lurks at the center of all of this intrigue.

Most all media in Brazil is owned and controlled by the wealthy. We are pretty much in the same position here.

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