re: Kevin Hasslet, WH econ advisor just gave presentation about "trends"

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And deficits are exploding, caused by both spending increases AND tax cuts.

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It's important to note that Hassett acknowledged the role the tax cuts play in the increased deficit; namely that the corporate tax cut had already paid for itself (receipts and investment indicate this) while the individual cuts necessary to its passage will never pay for themselves.

In yet another case of political parties in charge always doing the wrong thing for the country and even their own self-interest, the 2008 Democratic supermajority should have done a "clean" corporate tax cut. It would have had broad bipartisan support and they could have passed it without bribing voters with yet another individual cut so soon after the Bush cuts.

But because so many members are uniformly anti-business and don't see the correlation between prosperous industry and a prosperous economy, they actually raised taxes during a recession, the only thing more stupid than cutting taxes during a boom.

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namely that the corporate tax cut had already paid for itself (receipts and investment indicate this)

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he did not indicate this, and neither receipts nor investment in fact indicate that it has

even the most aggressive version of actual supply-side theory does not predict that it would do so this quickly, either

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he did not indicate this, and neither receipts nor investment in fact indicate that it has

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Realistically - the repatriation tax already paid for it all. The apples of the world were never going to repatriate that money at 35%. Forced at 15.5 raised 40 billion from apple alone.

Theorynmay say that was a tax cut but it was never going to be paid

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Realistically - the repatriation tax already paid for it all

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i agree that much of it may have never been taxed here ultimately, but that deemed repatriation tax can be paid over 8 years. it clearly hasn't paid for much in the way of corporate tax receipts to date

ETA: just realized that Treasury didn't even publish their guidance on that deemed repatriation until August 1. no way that's already paid for anything

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Also, a significant element of the increase was due to the fact that crude prices began to recover in 2016 and 2017, and so did the number of oil rigs, which helped add to business investment.

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RIG, SLB, HAL shareholders wish you were right.

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But to say he destroyed the economy, or something like that, that’s not what the CEA chair should be doing.

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It took over 200 years to get to the first 10 trillion in the hole. That slimy, life long, anti American, communist homz, doubled it in 8 years. 8 fickin' years. Ya...Obama was really good for America.

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RIG, SLB, HAL shareholders wish you were right.

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RIG, SLB and HAL shareholders know I'm right.

Year-over-year oil exploration in the U.S. is up 13.8 percent. Gas exploration is down 0.5 percent. The weekly average of crude oil spot price is 41.6 percent higher than last year and natural gas spot prices are 1.7 percent higher than last year.

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Year-over-year oil exploration in the U.S. is up 13.8 percent. Gas exploration is down 0.5 percent. The weekly average of crude oil spot price is 41.6 percent higher than last year and natural gas spot prices are 1.7 percent higher than last year.

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Wow. Sometimes, like this, you make such salient points. It makes me think that you are playing dumb sometimes on this board.

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Year-over-year oil exploration in the U.S. is up 13.8 percent. Gas exploration is down 0.5 percent. The weekly average of crude oil spot price is 41.6 percent higher than last year and natural gas spot prices are 1.7 percent higher than last year.

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Which operator do you work for?

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Which operator do you work for?

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Weekly O&G prices, production. and rig count info is available on dozens of websites.