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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Straw Man on May 12, 2017, 07:34:46 PM
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The graphics/font on this article that delineate between Trump, the interviewer and the author comments won't come through in a typical cut and paste but this is worth reading for laugh.
http://nymag.com/daily/intelligencer/2017/05/trump-explains-economics-to-the-economist-hilarity-ensues.html
Donald Trump Tries to Explain Economics to The Economist. Hilarity Ensues
Donald Trump has now spent enough time listening to Republican economic advisers that he can give an interview to The Economist in which he attempts to regurgitate the ideas that have been fed him. At various points in the interview, Trump tries and fails to think of the word “reciprocity.” (“We need reciprocality in terms of our trade deals,” he asserts.) Asked to flesh out his vision for a fair NAFTA in more detail, he can only come up with synonyms for “big”:
It sounds like you’re imagining a pretty big renegotiation of NAFTA. What would a fair NAFTA look like?
"Big isn’t a good enough word. Massive."
Huge?
"It’s got to be. It’s got to be."
The interview really starts to go downhill when Trump explains his tax plan:
Another part of your overall plan, the tax reform plan. Is it OK if that tax plan increases the deficit? Ronald Reagan’s tax reform didn’t.
"Well, it actually did. But, but it’s called priming the pump."
It is in fact well known among economists and policy experts that the 1986 Tax Reform Act was designed to be revenue neutral. The interviewer lets this go and continues:
But beyond that it’s OK if the tax plan increases the deficit?
"It is OK, because it won’t increase it for long. You may have two years where you’ll … you understand the expression “prime the pump”?
Yes.
"We have to prime the pump."
It’s very Keynesian.
We’re the highest-taxed nation in the world. Have you heard that expression before, for this particular type of an event?
Priming the pump?
"Yeah, have you heard it?"
Yes.
"Have you heard that expression used before? Because I haven’t heard it. I mean, I just … I came up with it a couple of days ago and I thought it was good. It’s what you have to do."
It’s …
"Yeah, what you have to do is you have to put something in before you can get something out."
A few facts. First, the United States is not “the highest-taxed nation in the world.” It is one of the lowest-taxed nations in the OECD:
http://www.crfb.org/blogs/us-highest-taxed-nation-world]//http://www.crfb.org/blogs/us-highest-taxed-nation-world]http://www.crfb.org/blogs/us-highest-taxed-nation-world (http://www.getbig.com//http://www.crfb.org/blogs/us-highest-taxed-nation-world)
(http://pixel.nymag.com/imgs/daily/intelligencer/2017/05/11/11-oecd-taxes.nocrop.w710.h2147483647.png)
Second, Trump did not invent the phrase “prime the pump.” It has been around since at least the 1930s and is extremely familiar to economists. Nor does it describe his plan. Priming the pump refers to a program of temporary fiscal stimulus to inject demand into an economy stuck with high unemployment. Trump is instead proposing to permanently increase the deficit in an economy with low unemployment. Telling The Economist you invented the phrase “priming the pump,” to describe a plan that does not prime the pump, is a bit like sitting down with Car and Driver, pointing to the steering wheel on your car and asking if they have ever heard of a little word you just came up with called “hubcap.”
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I'm sure someone here will try and defend this. ::)
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I'm sure someone here will try and defend this. ::)
Trump is like one of our well know right wing posters (who I won't name)
He thinks he's a genius when in fact he's a total f'ng idiot
I still can't get over the fact that he admitted he thought being POTUS would be easier than his last job.
Just believing that is bad enough but you'd have to be a total moron to actually admit it out loud and on the record.
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Trump is like one of our well know right wing posters (who I won't name)
He thinks he's a genius when in fact he's a total f'ng idiot
I still can't get over the fact that he admitted he thought being POTUS would be easier than his last job.
Just believing that is bad enough but you'd have to be a total moron to actually admit it out loud and on the record.
Definitely not very inspiring.
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Definitely not very inspiring.
Most around here think he's doing a good job.
Even some at Fox know it's a shit show.
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The graphics/font on this article that delineate between Trump, the interviewer and the author comments won't come through in a typical cut and paste but this is worth reading for laugh.
http://nymag.com/daily/intelligencer/2017/05/trump-explains-economics-to-the-economist-hilarity-ensues.html
Maybe you can explain basic economics since you think that raising taxes and killing small business will some how make the economy good. Once again, im assuming because you are a complete leftist you think that anything opposite of what Trump proposes you're for. Right?
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https://en.m.wikipedia.org/wiki/The_Economist
Political alignment
Classical liberalism[1]
Radicalism[2]
Cultural liberalism[2]
Economic liberalism
Centrism[3][4]
Headquarters
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https://en.m.wikipedia.org/wiki/The_Economist
Political alignment
Classical liberalism[1]
Radicalism[2]
Cultural liberalism[2]
Economic liberalism
Centrism[3][4]
Headquarters
?
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why the fuck does he need to know economics, you think the guy has an econ degree?
besides look at all those fucking professors in their ivory towers spewing garbage theories year after year after year with absolutely no consensus. great deal of success the complex, convoluted economic theories got them.
::) ::)
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obsessed w Donald Trump..... everyday of your life straw... hahahaha... you cant honestly be this pathetic in real life... can you?
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THREAD FAIL!
PITY BUMP FOR THE SKEETER/STRAWMAN ACCOUNT.
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why the fuck does he need to know economics, you think the guy has an econ degree?
Exactly!!!
Why do people even insinuate that the POTUS has to have a PhD in economics? We've already seen what happens when countries' economic reforms are put at economists' disposal. See Milton Friedman and Chile. To this day, one of the few Nobel prize winners given the status of persona non grata by an entire country (Chile... and Argentina I think).
Trump knows how to manage a huge corporation, even bring it to life after major setbacks and dealing with the differences (race, age, et cetera).
THAT is who you want as president.
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"The road to hell is paved with Harvard grads" - Thomas Sowell
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Exactly!!!
Why do people even insinuate that the POTUS has to have a PhD in economics? We've already seen what happens when countries' economic reforms are put at economists' disposal. See Milton Friedman and Chile. To this day, one of the few Nobel prize winners given the status of persona non grata by an entire country (Chile... and Argentina I think).
Trump knows how to manage a huge corporation, even bring it to life after major setbacks and dealing with the differences (race, age, et cetera).
THAT is who you want as president.
(http://forums.13x.com/index.php?attachments/img_1641-jpg.125097/)
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LOL - just when I think our right wing posters couldn't possibly get any more dumb you guys prove me wrong
Yeah, who gives a shit if the guy proposing HUGE and MASSIVE spending plans and tax cuts has a fucking clue about economics
that's just stupid liberal elitism
Come to think of it, why does a surgeon need to know anything about anatomy or physiology and why does a pilot need to know how to fly a plane.
Even better, who gives a fuck if the Treasury Secretary knows anything about the economy either
From the same interview with The Economist:
You know, since I've been talking about currency manipulation with respect to them and other countries, they stopped," Trump said about the Chinese.
Treasury Secretary Steven Mnuchin, who spent decades working on Wall Street and in hedge funds, backed up Trump's specious claim. "Right, as soon as the president got elected they went the other way," said Mnuchin.
The claim is patently untrue. For roughly a decade and a half leading up to 2014, China did depreciate its currency, to the detriment of U.S. businesses. But data shows that China abandoned the practice long before Trump came into office.
http://www.ndtv.com/world-news/trump-just-took-credit-for-something-china-did-in-2014-1692940
Lets keep in mind this is the same POTUS who allegedly called Michael Flynn at 3 am (his former National Security Advisor) to ask “Is a strong dollar good or bad for the economy?”
Of course Flynn didn't know (and there are opinions on both sides) but what he should have told him is "who gives a fuck". It doesn't matter. You don't need to know nothing about nothing.
Your job is to wear a dopey hat and call people names and act like a jackass 24/7.
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then why the fuck has he been spouting such bullshit in an economics magazine ?
...because he bullshits his way through most policy interviews and his base lets him get away with it.
He has all the answers but no idea how to get things done.
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LOL - just when I think our right wing posters couldn't possibly get any more dumb you guys prove me wrong
Yeah, who gives a shit if the guy proposing HUGE and MASSIVE spending plans and tax cuts has a fucking clue about economics
that's just stupid liberal elitism
Come to think of it, why does a surgeon need to know anything about anatomy or physiology and why does a pilot need to know how to fly a plane.
Even better, who gives a fuck if the Treasury Secretary knows anything about the economy either
From the same interview with The Economist:
The claim is patently untrue. For roughly a decade and a half leading up to 2014, China did depreciate its currency, to the detriment of U.S. businesses. But data shows that China abandoned the practice long before Trump came into office.
http://www.ndtv.com/world-news/trump-just-took-credit-for-something-china-did-in-2014-1692940
Lets keep in mind this is the same POTUS who allegedly called Michael Flynn at 3 am (his former National Security Advisor) to ask “Is a strong dollar good or bad for the economy?”
Of course Flynn didn't know (and there are opinions on both sides) but what he should have told him is "who gives a fuck". It doesn't matter. You don't need to know nothing about nothing.
Your job is to wear a dopey hat and call people names and act like a jackass 24/7.
Sure Skeeter, the billionaire knows nothing about Economics, but the black guy who never held a job or ran a business was an Economic expert.
Riiiiiiiiiiiiiight......
"That's right folks, you can keep your Doctor."
Hahahahaha
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Sure Skeeter, the billionaire knows nothing about Economics, but the black guy who never held a job or ran a business was an Economic expert.
Riiiiiiiiiiiiiight......
"That's right folks, you can keep your Doctor."
Hahahahaha
Kinda like a person that graduates from an Ivy League school with an Econ degree and votes for Bernie Sanders...lmao
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Kinda like a person that graduates from an Ivy League school with an Econ degree and votes for Bernie Sanders...lmao
Bingo. Most of these homo liberal morons never eve ran a fryer in KFC yet believe they know how Shit works
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Bingo. Most of these homo liberal morons never eve ran a fryer in KFC yet believe they know how Shit works
running the fry cooker is a job for people like you and other Trumptards
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running the fry cooker is a job for people like you and other Trumptards
Pretty sure he's an attorney and I've made more in the months 3 months than you have in at least a year...lol
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Pretty sure he's an attorney and I've made more in the months 3 months than you have in at least a year...lol
Than why are you constantly complaining about everything? Give thanks to Obama for making it possible.
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Pretty sure he's an attorney and I've made more in the months 3 months than you have in at least a year...lol
LOL - it must really suck for you to feel so insecure all the time
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I've made more in the months 3 months than you have in at least a year...lol
My god that's pathetic... Internet bragging but too thick to form a sentence.
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running the fry cooker is a job for people like you and other Trumptards
Sorry straw-queen - some of us in real life actually function outside of the group home like yourself
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My god that's pathetic... Internet bragging but too thick to form a sentence.
Well, he keeps insinuating that I'm not a coach and just teach kids to flip tires. It is what it is.
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Than why are you constantly complaining about everything? Give thanks to Obama for making it possible.
"You didn't build that" and if I recall you had said I lost my business.
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Well, he keeps insinuating that I'm not a coach and just teach kids to flip tires. It is what it is.
Straw fag don't work out
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Sorry straw-queen - some of us in real life actually function outside of the group home like yourself
whatever you helps you feel better about yourself
I've been self employed since 1992 and do quite well
I know it's hard for our phony "coach" to comprehend that people who aren't Republicans can also make a very good living
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whatever you helps you feel better about yourself
I've been self employed since 1992 and do quite well
I know it's hard for our phony "coach" to comprehend that people who aren't Republicans can also make a very good living
And since you believe in paying higher taxes, I'm assuming that you can't wait to voluntarily write out and extra check because you don't think you're paying enough..right?
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And since you believe in paying higher taxes, I'm assuming that you can't wait to voluntarily write out and extra check because you don't think you're paying enough..right?
where did I say I believe in higher taxes...phony "coach"?
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where did I say I believe in higher taxes...phony "coach"?
StrawManBoyLover = Skeeter
Propping up his retarded viewpoint with a lame gimmick....so Clintonesque
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Straw fag don't work out
is this true??? why post on a bb board?? lol, libtards.... I'm at a loss for words when it comes to straw now... besides 3 words...whatta fuckin joke.. hahaha, wow. some people.
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is this true??? why post on a bb board?? lol, libtards.... I'm at a loss for words when it comes to straw now... besides 3 words...whatta fuckin joke.. hahaha, wow. some people.
StrawManBoyLover = Skeeter = Fuzzy Nuts = Nick Danger
Another liberal wrapping his lips around dick.
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My god that's pathetic... Internet bragging but too thick to form a sentence.
See the back story
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"You didn't build that" and if I recall you had said I lost my business.
List your business assets...worth about $500 on craigslist.
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List your business assets...worth about $500 on craigslist.
Let's just say I don't owe a dime to anyone and all of my equipment over the years has been purchased cash only. My business is debt free. This is only half of of my weightroom..
https://instagram.com/p/BTLH8HMBeyz/