Maybe the guy who was ridiculed last year for this tweet ?
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Who would have thought that someone who calls himself Lt. Data Science, a reference to Star Trek, would be wrong… when it comes to science?
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Name one candidate in 2016 on either the D or R side whose approach would have been belligerently declaring a trade war via Twitter and telegraphing every move we’d make in the name of countering China.
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Watching Trump meltdown on the 60 minutes interview…this is one of his biggest baby moves ever in a long line of baby moves. The live fact checking is so strange.
“Leslie: You did this thing.”
Trump: “no I didn’t.”
Video of Trump doing the thing he said he didn’t do.
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Pretty much any one of the other 385 republican candidates in 2016 honestly.
It shifted some to the ASEAN region and forced China into shifting towards more economic liberalization, which will make them even more powerful in the long run.
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Possibly so the way it was run. I think with more coordination among our allies (you know, the people Trump basically pissed off) it could have weakened China and also forced them into a weaker spot politically.
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This is why the whole obsession with the whole Putin/Russian thing cracks me up so much I can’t even…
It’s the economy, Stupid. In the long run no one gives two shits about the whole spy vs. spy thing. Didn’t the British with the whole Philby affair teach anyone that? Didn’t the breakup of the USSR teach anyone anything? Learn from history etc. etc.
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China has the rest of the world at it’s disposal, especially the developing countries in South Asia. Indonesia has a 200 million population. They can gradually improve ties with India easily. They can get the cream of the crop of talent from a population of 1.3 billion in India alone, particularly in the form of expats moving to Singapore because of this:
They don’t even need to deploy their local talent overseas. The Indian government isn’t going to give a flying fuck about “personal data” and “privacy” as long as there’s money to be made.
They weren’t even fucking around with COVID. 1 city of 5 million gets 3 cases and they shut the whole fucking place down and test everyone. Now they’re setting up “fast track travel lanes” between themselves and other countries with low incidences of cases(no need for quarantine) for business travelers.
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Brilliant.
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Told y’all. @loppar The top talent is in the government, not the private sector.
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Like I said the moment a Dem wins Republicans will pivot immediately to the typical “we can’t afford this spending.” Good to see some getting an early jump just in case Biden wins. So we inherited a good economy and didn’t do shit about it but now that we are in a spot where we are probably going to have spending we’re worried about it. So predictable.
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What should have been done financially regarding pandemic’s effect on economy, or the fact that pre legislated obligations (debt service, medicare/aid, soc sec) mathematically have to increase yearly?
Those gullible enough to blame Trump for those obligations are as easily duped as those who would believe every candidate I ever recall spouting how they are going to ‘fix’ the economy.
I dont expect to get ANY realistic answer on this, given that the greatest minds in the US are masters are at enriching themselves, but not fix that timebomb called the debt.
The answer is simple btw - we have a spending problem, not one of collection. There is no will for this - politically, individually, or nationally.
I think many are upset that he cut the funding for the obligations (the tax bill, which is projected to cost 1 trillion in 10 years according to The Joint Committee on Taxation).
People only have spending problems when they don’t make enough money. Trump lowered the governments income, which wasn’t the lone factor in debt. IMO, we should lower spending and increase income (taxes).
“A poor man wants more.” Indeed ;7)
Actually receipts have risen, prior to Covid - which l expect will cause a decrease, while AGI per household has increased. Didn’t link that (agi after tax bill) - research if you like.
I feel confident with my statement - we need control on spending. Combine state and local taxation and we are in the $7TT taxation area. That’s $21,000 per capita wowser.
I agree with you. I don’t think Trump has necessarily been a lot worse on spending than many other presidents would in a similar situation.
I think mine went up a tad.
I think we need to do the common sense thing of reducing spending and trying to increase income.
Trickle down economics works (Trumps tax bill) if the current environment is right for the policy (which I don’t think it is or has been for decades now). At a certain point cutting taxes doesn’t increase revenue through growth enough to account for the loss in revenue of lower taxes. I think trickle down economics are resulting in more deficit for the government.
The secret (or most likely path) to being rich is spending less than you make and time.
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This is very true. When made minimum wage… I had more money that my friends. When I worked a decent job in college, I had more money that my friends. When I graduated from college, I had more money that my friends. Common denominator? I saved… a lot. Now I save over 50% percent of my income which I realize most people cannot do but could they if they started 25 years ago like I did?
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Well at a certain point, you get a substantial income on average from capital gains. A guy with 1 million in the S&P 500, would on average make about 98K a year on that money without lifting a finger (S&P 500 has returned about 9.8% annually on average for about the last 100 years).
If they would have gotten enough money in early enough, they would be able to ride the sweet wave of capital gains. Additionally, if they would have started young, they would have likely built the habits to be saving a lot now.
I currently max my 401K, and have a portfolio of individual stocks (worth about 12K), that I bought during the Rona downturn. That gets me to about 30% or so for this year. If I include principle on the house, I am in the 40% (not sure if I should count it, but it is an appreciating asset). Most of my working years so far I’ve been at above a 15% investment rate. My coworker who retired (I took over for him), was blown away that I was maxing my 401K. He was a pretty good investor, but gave the if I would have done that at your age speech (how rich he would be now).
I do realize that I have a lot of advantages (relatively high paying job, no kids, under 100K on my mortgage with about a 200K value, and a wife that now is working full time, and parents that were frugal and passed it down to me).
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Oh boy. Watch this
Not blow a hole in the deficit with a massive tax cut in 2017. In good times, you get your fiscal house in order in anticipation of a crisis to come.
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