Shhhh… let them keep believing it was really a screw up…
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I presume they are referring to Negative status being the justification.
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But that would be sucking up to Big GovernmentTM! Maybe Deep StateTM, even! Can’t have that!
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Backdoors won’t weaken your encryption, wails FBI boss. And he’s right. They won’t – they’ll fscking torpedo it
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But I thought:
Does this… does this mean that the tax cuts aren’t going to pay for themselves?
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I don’t think his followers understand that the growth he’s talking about applies only to the greedy companies people work for every day.
Feel the trickle? Nope.
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I feel something… an intermittent drip that’s either a clogged downspout or the renal output from a gang of septuagenarian robber-barons with enlarged prostates.
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Unprecedented? Ummmm, no.
“An IRS spokesman did not immediately return a request for comment.”
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The real news there is the part that says “strong consumer spending offset a decline in business investment”.
Consumers have been holding off spending whenever possible, because of the dumpster fire we’re in, but there comes a point – say, halfway through a presidential term – when some things simply can’t be held off on anymore and have to be bought (home maintenance, etc.).
The tax cuts were ‘supposed’ to spur business investment. Instead – and any smart, non-Fox-addled business or financial person could have told you this – they freed up businesses to make choices OTHER than investing in long term growth (equipment, hiring. more workers and paying them better, etc.).
(I’m sure you know this. I’m just riffing off your post.)
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The nation’s gross domestic product – the value of all goods and services produced in the U.S. – increased at a seasonally adjusted annual rate of 2.1%
That seems like a too simple number. Did they look into increased costs of some domestic goods, due to huge tariffs on the imported parts and materials to make them, being passed on to consumers?
i.e. consumers spending more on domestic goods can just mean that the goods are more expensive now.
The blowback from those tariffs can only be swept under the rug for so long.
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Oh, businesses invested - in executive bonuses and stock buybacks.
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This is precisely the problem with using GDP as a measure of economic health - it reflects a wide range of financial activities and provides no insight into the reasons behind those activities. When Trump started his trade war, the next quarter GDP was up around 4% on the strength of corporate purchasing in advance of the upcoming tariff deadlines. I think of it like an economic BMI - statistically valid, but loosely coupled to the well-being of actual people.
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Border Patrol Chief Says She Didn’t Know the Violent and Racist Facebook Group She Joined Was Bad
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OH SHIT
But when the hate speech comes from a shameless president, we have a problem.
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Interesting piece, though still a few hedges that suggest the writer doesn’t fully condemn the idiot in the White House. Unfortunately, the column is on Fox News, and I inadvertently read the first few comments. One of them says the “go back” quote is taken out of context, that Cheeto Mussolini wasn’t being racist because the second sentence of the tweet talked about their crime-ridden homes. This truly is the stupidest timeline.
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Saw this and knew it had to go somewhere on this forum:
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