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re: Apparently Trump believes that gains to the stock market go towards the national debt
Posted on 10/12/17 at 3:19 pm to GumboPot
Posted on 10/12/17 at 3:19 pm to GumboPot
quote:This scenario is not valid to the conversation since the person in debt, actually owns the assets, which I assume is the comparative variable for the market and its growth in this topic.
Income $100,000 per year, $100,000 in debt and assets of $200,000.
Income of $100,000 per year, $100,000 in debt and assets of $100,000.
Of course, market growth can lead to economic growth which can lead to revenue growth; however, that is a series of dependencies and the probabilities of government revenue and the revenue potential itself, decreases with each successive step.
Regardless, with the government continuing to run a deficit and the debt continuing to accumulate interest on top of that, even if the market growth is increasing government reverent growth, it hasn't decreased it enough to run a surplus, let alone cut into the debt.
Of course, I'm confident Trump didn't mean what it appears, so that's why I'm so critical of Hannity in this situation for failing to ask a basic follow-up question that high school journalism students would be taught to do. And this is what makes Hannity so terrible, even by the politically commentary hack standards. It's one thing to be a shill, it's another thing to be a shill and terrible at the basics of his profession.
0
Posted on 10/12/17 at 3:20 pm to old man tiger
The rabid macaque brigade is always there with their outrage. It's why they are ineffective. The littlest thing sets them off.
Posted on 10/12/17 at 3:21 pm to CommoDawg
Reading is hard.
Posted on 10/12/17 at 3:21 pm to roadGator
quote:
The rabid macaque brigade is always there with their outrage. It's why they are ineffective. The littlest thing sets them off.
And not a one, it seems, is even close to figuring this out.
Posted on 10/12/17 at 3:22 pm to old man tiger
quote:
So much disrespect in this president.
FTFY
Posted on 10/12/17 at 3:23 pm to DEG
I will spell it out. frick you
Posted on 10/12/17 at 3:24 pm to bobby_3_sticks
quote:
if the stock market going up reduced the national debt, obama would be king of reducing the debt. Stock market averaged 14% growth per year under obama.
The stock market going up is good news. It is good for a variety of reasons, but it has zero to do with national debt.
I was trying to illustrate that even on a personal level you are better off with higher value of assets than you are with a lower value of assets.
How does that work?
It works because you can refinance your debt at lower rates and increase your personal cash flow based on your higher level of assets.
How does it work on the federal fiscal level? It increases tax revenues and allows the U.S. government to service its current debt and maintain it's credit rating. Remember when S&P downgraded U.S. Treasuries for the first time ever in 2011? That's not good. That leads to more expensive debt.
Posted on 10/12/17 at 3:24 pm to old man tiger
quote:
I will spell it out. frick you
Posted on 10/12/17 at 3:28 pm to CommoDawg
quote:
And maybe in a sense, we’re reducing debt
Yea..... OP is an idiot... gotta be a miserable life to do stuff like this
Posted on 10/12/17 at 3:30 pm to roadGator
quote:If it was a one time thing, maybe. But I don't know why he wouldn't want clarification regardless, even if to make Trump look better by clarifying. It wasn't a one time thing though. I know it's WaPo, but they point out how Hannity did this throughout. So this is really a criticism of Hannity, not Trump. And the author's conclusions were exactly the same as mine when I heard about Trump's answer so clearly either we're both idiots, or maybe there is some merit to it.
Meh, he could have been up against a hard break too and just decided to move on.
Who knows, right?
For his own good, Trump should avoid Hannity. His bizarre answer on the debt shows why.
quote:And he provides more examples throughout, but I thought this was interesting as well when Hannity actually asked a follow-up question:
What’s remarkable is that this is a disservice to Trump. An actual journalist might have pressed the president on the question: Are you saying that the market increase is related to the debt? How? That would have prompted clarity from Trump that would have almost certainly made his comments seem less odd. But Hannity, uninterested in pressing Trump at all, let it be.
quote:
This was Hannity actually pressing on something: Why not dump this thing you keep saying you hate? It’s a tricky issue that’s flustering Trump, as The Washington Post reported this week.
Trump responds, I could do both those things. At which point Hannity tries to slip that in as one of the original options in his question.
quote:And frankly I don't know how anybody could disagree with this. It's not just the unwarranted demonizing of Trump that is a problem, it's also the unwarranted shilling as well. That's what made O'Reilly, despite his demeanor, so much better. He clearly has his biases, but he would at least ask more questions and hold the interviewee accountable.
Again, this is all a disservice to the president. He hates to be challenged, clearly, and finds critical coverage frustrating. But there’s a reason that critical coverage is protected by the First Amendment (also to Trump’s apparent frustration): It leads to improvement. It leads to better answers from the president, it expands the way in which he understands issues and it forces him to be more clear on what he plans to do and how he wants to do it. That’s to his benefit, as well as the country’s.
Posted on 10/12/17 at 3:57 pm to CommoDawg
More gains = more tax revenue (with the exception of muni bond dividends). At first glance it sounds wrong, but it isn't really.
Also, Trump should calm it with bragging about the stock market because when it goes down (and it will), people will use it against him.
Also, Trump should calm it with bragging about the stock market because when it goes down (and it will), people will use it against him.
Posted on 10/12/17 at 4:06 pm to CommoDawg
Can't take him literally. Must take him seriously.
Posted on 10/12/17 at 4:18 pm to ELVIS U
Its like the word "maybe" just isnt even read.
Posted on 10/12/17 at 4:21 pm to Ingloriousbastard
quote:Even though capital gains bring in a small percentage of government revenue (between 4 and 5 percent on average), it's still wrong because he said it's reducing debt. It may be reducing the deficit a bit, so we have a little less debt that we COULD have, but we're still increasing the debt, let alone reducing.
More gains = more tax revenue (with the exception of muni bond dividends). At first glance it sounds wrong, but it isn't really.
Posted on 10/12/17 at 4:49 pm to TX Tiger
quote:
Somehow propping up Wall Street furthers his anti-establishment charade.
You think the beggars on the streets can do more for our economy or people who actually have money? Having money doesn't necessarily make you establishment.
Posted on 10/12/17 at 5:16 pm to CommoDawg
quote:Apparently you don't. That is incredibly sad.
Apparently Trump believes that gains to the stock market go towards the national debt
Posted on 10/12/17 at 5:20 pm to Homesick Tiger
quote:
Having money doesn't necessarily make you establishment.
I'd imagine, it's probably a pretty good window into his worldview.
Posted on 10/12/17 at 5:33 pm to Homesick Tiger
quote:Why don't you ask the Emergency Economic Stabilization Act of 2008?
Somehow propping up Wall Street furthers his anti-establishment charade.
You think the beggars on the streets can do more for our economy or people who actually have money?
quote:Never said it did.
Having money doesn't necessarily make you establishment.
Posted on 10/12/17 at 5:34 pm to Y.A. Tittle
quote:I'd imagine that strawman theories are just as good as truth for some here on the poliboard.
Having money doesn't necessarily make you establishment.
I'd imagine, it's probably a pretty good window into his worldview.
This post was edited on 10/12/17 at 5:37 pm
Posted on 10/12/17 at 5:39 pm to TX Tiger
quote:
Having money doesn't necessarily make you establishment.
quote:
Never said it did.
Sure you did:
quote:
Somehow propping up Wall Street furthers his anti-establishment charade.
If that's not a dig against Trump and his anti-establishment mantra I don't know what is.
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