Restoring the Trump economy
Link to quote: Here’s what Trump has promised to do in a second term
In 2017 amid massive resistance, a faux investigation and the impossible plan to repeal & replace Obamacare, President Trump managed to get a tax cut passed as well as implementing some fair-trade deals to protect union workers and American businesses. It is a big part of why he won the last election. Congressional Republicans scheduled many of the provisions of the 2017 Tax Cut to expire after 2025, betting that a future Congress would continue them. That gamble paid off and now they may even be extended and enhanced. In his campaign, Trump proposed several new tax cuts. He said that tips and overtime pay shouldn’t be taxed, for instance, and that domestic manufacturers should pay lower taxes. All of that is now in the mix.
There will have to be spending cuts in order to make the Tax cuts work. At the top of the list would be the end of Biden’s Inflation Reduction Act , which mainly meant funding for both clean energy and the Internal Revenue Service. Ending subsidies for clean-energy industries would also help. Then of course, there is the tariff that Trump proposed for all imported goods. All of these measures should offset the cost of a tax cut.
The President-elect also intends to help the middle class crippled by inflation:
The former president unveiled on the campaign trail several measures aimed at helping Americans afford the cost of living.
He has said he would temporarily cap credit card interest rates at around 10%, which is less than half the current rate.
And Trump promised to make the interest paid on car loans fully tax deductible, similar to the popular existing deduction for mortgage interest. While he argues this will stimulate car ownership, some experts say it will mainly help wealthier Americans who itemize their deductions – and who typically buy more expensive cars.
To assist aging seniors and their family members, Trump has said he would push for a tax credit for family caregivers . Also, he would shift resources to at-home care and end disincentives that lead to care worker shortages, according to his platform.
Trump’s running mate, Ohio Sen. JD Vance , has floated beefing up the child tax credit to $5,000 per child, but the president-elect has not formally adopted that idea.
Here’s what Trump is proposing for the economy | CNN Politics
Any additional economic growth created by lower taxes would help many Americans.
In other news:
Trump picked Robert F. Kennedy Jr to lead the Department of Health and Human Services, overseeing the FDA, CDC, Medicare and Medicaid. He is an outsider who will be replacing a lot of highly educated professionals who lied and misled the American public during the covid pandemic. He would also oversee the National Institutes of Health, which studies diseases and may have funded the experiments at the Wuhan Lab.
Kim Jong-un wants to modernize the North Korean military with drones.
The owner of the LA Times has fired the entire editorial board. He said, "we conflated news with opinion."
A soccer game between France and Israel proceeded under heavy security after recent antisemitic attacks in Amsterdam. France has many Muslim residents living in enclaves throughout Paris.
Nearly three quarters of US adults are overweight or obese, according to a sweeping new study. That number has increased steadily over the past three decades. Processed foods are to blame.
The ice cream maker Ben & Jerry’s accused Unilever, its parent company, of trying to prevent it from supporting Palestinians.
The Onion, a satirical publication, won a bid to buy Alex Jones opinion piece " infowars " at a bankruptcy auction. If the sale goes through, The Onion plans to turn Infowars into a parody of itself.
Democracy Forward, a liberal legal group, is planning a flurry of lawsuits to thwart Trump's second term agenda (aka the will of the people)
Doug Burgum, the governor of North Dakota who ran for president this year, is Trump’s pick to lead the Interior Department. Burgum, who is close to fossil fuel executives, will most likely help to open federal lands to drilling.
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News from NYC
A Big Apple migrant armed with a loaded AR-15 assault rifle and his Mexican cartel pal are both back on the streets — despite allegedly ganging up on NYPD cops at a Bronx subway station.
Abraham Sosa, 20, a migrant living above a Bronx day care center, was hit with assault, gun possession, resisting arrest and trespassing charges after being nabbed urinating in a subway tunnel on Nov. 5 — while lugging the assault weapon in his backpack, according to sources and records.
His pal, 21-year-old Christopher Mayren, allegedly jumped into the fray when Sosa got into a scuffle with New York’s Finest, leaving two cops injured, according to a criminal complaint.
“This is crazy,” one frustrated Bronx detective told The Post Thursday. “You have a member of a Mexican cartel running around. That tattoo is a billboard for ‘I am a criminal. I don’t care about your laws.’
“Can it get more dangerous than riding a subway with a loaded rifle? And when he’s not on a train, he’s upstairs from little children in the day care center,” they said. “These are two very dangerous scenarios.”
It was not immediately clear if one or both of the suspects are in the US illegally.
According to police, the melee unfolded after Sosa strolled past a “No Trespassing” sign at the Kingsbridge Road B and D train station around 4:30 p.m. Nov. 5.
Cops spotted him urinating in the subway tunnel and questioned him.
“Really?” Sosa allegedly told the officers, according to a criminal complaint. “For using the bathroom?
“I hurt my ankle,” he told the cops. “Let me show you my ankle.”
But when police started to handcuff him, Sosa allegedly went nuts and fought back — and Mayren jumped in and started fighting with the officers, knocking two of them to the ground.
Both men were busted and charged, and arraigned in Bronx Criminal Court the following day.
However, Mayren was released without bail and Sosa was sent to Rikers Island on a $25,000 bond — which he posted on Nov. 12, jail records show.
Both are due back in court on Dec. 9.
Migrant with loaded AR-15, suspected Mexican cartel member freed from jail after alleged assault on cops
Do white people ever commit crimes in your world Vic ?
One would never know it.
Legal ones do, yes
Oh yes, they do...
AND THEY GET PUNISHED FOR IT!
Btw, how do you know this guy isn't white?
Badfish used to do the same thing you do. He would regularly post stories about crime often accompanied by photos of the perps. Somehow the white criminals never made the cut .
Notice I didn't post a picture.
Btw the point of the story is that he assaulted police and was released. Am I to believe that you are ok with that?
Is everything about race? Let me help. The answer is no. Also note that the author never said anything about race, that would be you. And the reason for the story is not about race no matter how much you try to make it so
I just asked him why all his articles about crime feature people of color. Does that offend you?
He is talking about racial discrimination against whites. He wants tangible reparations for white people.
Are you saying that this guy is a person of color?
Could you show us?
It is called the equal protection clause.
It is in the Constitution.
Why do you always seem to support criminals of color?
Is racial discrimination against whites OK?
He never said it was a person of color. Can you look at anything and not try to interject color into it, even an article about attacking cops and not being stuck in jail? Unless of course your conjecture is people of color are the only ones that do that.
I dont believe Vic thinks that is a white person.
That's what he arguing.
We have to remember that the "bylaws for liberalism" state that if a Hispanic is one they don't like, then that Hispanic is considered white and put into a lower category to them. Maybe even labeled as a supremacist.
If the Hispanic is one in which they like (criminals being a prime example) then they are considered a "person of color" and put on a higher pedestal.
Like how they started using the term "white hispanic" to attack Zimmerman.
Exactly that...
There is an article on here with postings of photos and crap from Reddit very similar to the fish. Hmmmmmm..
Yet he didn't mention it and it is not even part of the story. It is only about race if someone wants it to be about race which you were kind enough to confirm
restoring the trump economy = destroying the biden economic comeback from trump's incompetent mismanagement of a global pandemic ...
They bought it in 2020.
They knew better in 2024.
He'll be too busy paying back putin and others........
'Just one week has passed since Donald Trump’s electoral triumph, and already Russian President Vladimir Putin—one of the strongman leaders Trump admires most—is messing with his head.
First, Putin waited two days before congratulating Trump on his victory . One can imagine Trump receiving phone calls from kowtowing leaders the world over—Ukraine’s Volodymyr Zelensky, Israel’s Benjamin Netanyahu, the Palestinian Authority’s Mahmoud Abbas, the chief of NATO, the European heads of state—all the while wondering about the man whom he’s admired publicly and privately for the past eight years: When is Vladimir going to call?
Then, in response to Trump’s claim that during their phone call, he asked—in some accounts, warned —Putin not to escalate the war in Ukraine, a Kremlin spokesman denied that the two had spoken on the phone at all. (Putin issued his belated congratulations at a news conference.)
The final twist of this saga came on Monday when Russia’s intelligence chief, Nikolai Patrushev , made the following comment in an interview with the Moscow newspaper Kommersant:
This is a mind-blowing bit of psychological warfare! The Russians are basically telling Trump: We put you in office. Now it’s time for you to pay us back.
Here is a different link to the same article
I only post truth and facts.
Trump's 1st economy was the coattails of the successful Obama economy, momentum kept it going until towards the end of Trump's administration where it was taking a downward turn.
Trump's 2nd administration's economy will be the momentum of Biden's economy until Trump's policies cause it to start a downturn.
I think that's called click bait propaganda. I wonder who it's aimed at?...
S peaker Emerita Nancy Pelosi (D-CA) has filed for reelection in 2026 , setting the stage to one again become a key anti- Trump force.
The 84-year-old filed a statement of candidacy Thursday with the Federal Election Commission after winning a 20th term last week. A spokesperson for Pelosi declined to say whether she is running for reelection, but the paperwork is an early indication of her intentions ahead of the next election.
Pelosi sets stage for 2026 reelection run to return as Trump antagonist
A Trump-hating evil old bag till the bitter end.
She needs to take her ill-gotten gains and retire to a nice warm climate.................of course, if she did, the ambient temperature would drop by 10 degrees.
I agree. End the grievance and enjoy life.
of course, if she did, the ambient temperature would drop by 10 degrees.
Maybe then I could put aside the blemish she put on her heritage.
She is 6 years older than Trump , but intellectually and morally about 600 years beyond him.
Really?
A person who forced representatives to drop the concerns of their constituents as well as their own ideas and vote as one, whatever the Speaker asked them to vote for?
A person who made millions from insider trading?
A person who used two faux impeachments against a sitting President?
A person who ran to San Fransisco's China town at the onset of the pandemic because she thought the President trying to respond was racist?
I have to question the rationale of that.
That’s because their is nothing rational about the comment in question.
Like Trump telling republicans to not vote for a republican authored bill?
Like a person who made millions illegally with his position in government?
Are you saying it should be okay for a sitting president to be able to threaten an outside nation to interfere in an election? Then when that doesn't work to incite an insurrection?
You don't think those should be impeachable offenses?
First of all, Trump is racist. 2nd, is that worse than causing the unnecessary deaths of thousands of Americans because of his ineptitude of responding to the pandemic?
And I have to question the rationale and hypocrisy of a person being fine with almost identical actions by a republican but condemning them for a democrat.
BTW, you may notice that every statement I made has a link to support it. If all you can do is respond with a nuh uh, please do not bother. It would be a waste of everybody's time and just make you look foolish.
The bond market is having a fire sale on Trump's economic plans on the idea that Trump might, in fact, cause interest rates to rise again.
Did you see that inflation is up again?
Inflation's up again. Here's what it could mean for mortgage interest rates.
in fact, cause interest rates to rise again.
Why the hell was the Fed in a damn rush to cut rates?
To help Biden/Harris.
Bingo.
Perhaps Trump isn't the economic hero you want him to be? His ideas look like a precursor to increased interest rates and a recession.
He does have a tall order in front of him. Time will tell.
His ideas look like a precursor to increasing interest rates and a recession.
Two things that kill inflation. Let us hope we don't need that.
keep your eye on what warren buffet is doing now ...
Admittedly I know next to nothing about these things - looking into it, I see he's selling a lot of his Apple stock and Bank of America and building up his cash reserves (???).
Should I see if my IRA account invests in either?
Beyond the Black and white of Democrat politics, the rest of the world is preparing for Prez 47. Trump's mandate is a perishable asset and Trump seems be trying to whip Republicans in line with his mandate while it lasts.
Bond investors have sent a clear message that Federal deficits matter. Or, maybe, they're trying to make investing in America too costly to compete with China. Financial finaglers will try to position themselves to exploit opportunities (without actually having to do anything) so they can grab any prosperity before the common folk have a chance. Looks like somebody needs a haircut. Will Trump jump to crypto?
Biden is making a 'Hail Mary' effort prop up his puppet, Zelensky. Will Biden empty US stockpiles before Trump can stop it? At this rate our military will need to raid the civilian stockpile if there is any fighting to be done. Europe certainly won't be riding over the horizon wearing white hats. Germany has fallen and can't get up. Emmanuel Macron is not Charlie Hebdo and Ukraine doesn't need submarines. The UK is distracted by an imploding monarchy. And some of the old bloc are reacquainting themselves with their history written in Cyrillic. And Trump is supposed to save this mess?
Democrats are trying hard to avoid becoming irrelevant. So far, they're failing. DEI won't save the party now. Just think, the midterm elections fall on the 250th anniversary of the Declaration of Independence. With Trump in the White House. Hard to imagine Democrats marching around in tricorn hats but desperate times calls for desperate measures. Democrats trying to win midterm elections by bad mouthing America on a patriotic anniversary doesn't seem like a winning strategy. Democrats are going to have a difficult time regaining relevance.
Trump is inheriting a damn good economy, just like he did in 2016.
I bet you'll be laughing all the way to losing another 3 million jobs while that fat fuck golfs every day.. LOL
You expecting another pandemic?
People going back to work after forced shutdown's is not increasing jobs. But you go on with the fiction.
Fauci was able to create a virus with the Chinese under Obama, how much easier would it be to create another under a senile old fool like Biden?
The funny part is there are still people fucking stupid enough to believe it came from the wet market.
Good point.
The funny part is there are still people fucking stupid enough to post claims they don't have any evidence of and most likely never will. Both lab and market scenarios are possible and you will never know definitely where it came from. Oh...and that lab got it's virus samples from that market for study. I got that from the virologist who was the first person to claim a lab leak was probable.
Nancy Pelosi won't allow the reelection of Joe Biden -- even with those bogus numbers.
97 pct of the national debt has been created since Ronald Reagan was inaugurated. 68 pct of the national debt has been created since Barack Obama was inaugurated. (Over two thirds of the national debt has been created by the last 3 Presidents over the last 16 years. Let that sink in.) Joe Biden, alone, is responsible for 19 pct of the national debt and his final numbers aren't in yet.
Joe Biden presided over a record decline in labor force participation. And the number of workers still hasn't recovered. (So, how does this fit with your unemployment data? Something doesn't add up - and - I have a reliable source.)
Joe Biden presided over a huge spike in inflation. And inflation is still higher than any time during Trump's time in office - including the pandemic.
Joe Biden presided over the largest trade deficit the country has experienced over the last 32 years. Even those cheap imports didn't help lower inflation.
Joe Biden's record doesn't look that great out here in the real world. That's why Kamala Harris didn't want to talk about her incumbent legacy. The country wants to return to the economic levels before the pandemic, when Donald Trump was President. Joe Biden and his Democratic Congress had other priorities and that shows in the real world data.
What does the typical Trump supporter think Trump will accomplish in terms of the economy?
The GDP is great. Wages are in good shape. Unemployment is at a normal rate. Inflation is at a normal rate. Interest rates continue to lower naturally. Artificially inflated prices will give way to market forces.
So what, exactly, is Trump going to do? Make the stock market continue to break record highs?
He could do nothing other than give the claimed (in quote) tax break to the middle class (will not do much for those making less given they are not paying taxes). (Not convinced the middle class will see a tax break.) So where does that money come from? Tariffs?
Quite seriously, what is wrong with the economy and the direction it is moving right now and, if you identify what is wrong, how exactly do you think Trump will 'fix' it?