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Originally Posted by jtdavis:

During this "miserable" recovery, are corporations sitting on record amounts of money?

If so, is this part of the "miserable" recovery?

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Much if not most of that money is parked overseas where it was taxed in the country where the products were produced and sold. The tax that would be imposed on those profits if they were repatriated is exceedingly high, but the parent company can borrow that money from the foreign subsidiary and take the interest off their tax bill.

 

http://www.forbes.com/sites/ti...f-gdp-globalisation/

 

Last edited by Stanky

I’ve explained this about half a dozen times before. As the same statements are made again, whether in ignorance or demagoguery, I’m unsure.  However, it appears the lefties here have no more understanding of my past explanation than a gibbon – to them, writing is gibberish.

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You tell that american CEOs get income and foreign CEOs get perks. Do you really believe the foreign guys get that many perks?

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During this "miserable" recovery what economic indicator has not got better? Blue collar income is one, all others are up? Some are up dramatically.

Why not some talk of the Bush recession?

Originally Posted by jtdavis:

I’ve explained this about half a dozen times before. As the same statements are made again, whether in ignorance or demagoguery, I’m unsure.  However, it appears the lefties here have no more understanding of my past explanation than a gibbon – to them, writing is gibberish.

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You tell that american CEOs get income and foreign CEOs get perks. Do you really believe the foreign guys get that many perks?

========================================

During this "miserable" recovery what economic indicator has not got better? Blue collar income is one, all others are up? Some are up dramatically.

Why not some talk of the Bush recession?

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The middle class is caught in the squeeze, as are newly minted wouldbe workers graduating and finding no jobs available.

 

As shown by myself and others, the seeds of the recession were planted in the Clinton administration -- at most, the blame is shared.  However, its been 6,5 years since the recession and the continuing almost flat line recovery for which the blame lies at the feet of the present administration.

As shown by myself and others, the seeds of the recession were planted in the Clinton administration ------------

Boy, that is a new one on me. Clinton had a budget surplus. Bush campaigned on letting people keep more of their money. What happened, in one year we went from a 200 billion dollar surplus to a 300 billion dollar deficit?

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I had a small retirement account that was frozen in 2001. It had thirty something thousand dollars in it. When Bush left office, it had 12 thousand dollars in it. When I retired 2 years ago, it had got back to 24 thousand. It doubled in value, I paid no additional money into it and management money was taken out to pay for handling it. Tell me again how flat the Obama economy has been. All this happened with no republican help, only republican resistance.

JT.

 

I'm posting this in several sections as its complicated and I wish to keep it simple for you.

 

Your post:

"Clinton had a budget surplus. Bush campaigned on letting people keep more of their money. What happened, in one year we went from a 200 billion dollar surplus to a 300 billion dollar deficit?"

 

Now, JT . I've mentioned this many times before to you. Here for instance.

https://www.tnvalleytalks.com/t...2#447440695298514282

 

The old flux capacitor was working well.

 

The so called surplus was the difference in social security collected and paid out.  As usual, the surplus was converted to US Treasury special instrument bonds (IOUs). and the cash sent to the General Fund.  That reduces the annual deficit, but increases the national debt -- basically taking money from one pocket and putting it in another.  

 

Here is the national debt from 1997 to 2000. Note, it rose, not declined.  Also, note the source.White House OMB.  Sorry, no surplus, once again.

 

 

Clinton Surplus

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  • Clinton Surplus

JT, once more.

 

My post:

As shown by myself and others, the seeds of the recession were planted in the Clinton administration ------------

Your post:

"Boy, that is a new one on me"

 

No, JT, it isn't. You were informed of this 

https://www.tnvalleytalks.com/t...1#447440695291706351

 

 The old flux capacitor is working well.  

 

JT, from the above two posts, you appear to be suffering from a loss of near term memory  This is usually caused by stroke, dementia or ALZ.  I strongly suggest you use your Obamacare for a checkup.

 

 

JT, Third and last portion of the post

 

Your post:

"I had a small retirement account that was frozen in 2001. It had thirty something thousand dollars in it. When Bush left office, it had 12 thousand dollars in it. When I retired 2 years ago, it had got back to 24 thousand. It doubled in value, I paid no additional money into it and management money was taken out to pay for handling it. Tell me again how flat the Obama economy has been. All this happened with no republican help, only republican resistance."

 

I explained this on several earlier posts.  Now, even the most progressive economists are warning of a bubble caused by the Fed.

https://www.tnvalleytalks.com/t...6#325694650462950376

 

https://www.tnvalleytalks.com/t...3#434773080009397333

 At the above, I even explained this to you directly as the below excerpt shows:

"JT,  I've explained this many times -- suggest memory retention therapy.  Because the Fed has forced interest rates on CDs, money markets and savings accounts to near zero; investors were driven to the stock market.  Prices were driven up well beyond book value,  Its a bubble economy awaiting slow deflation or a burst.  Either way, people will lose millions,"

 

Damm, that flux capacitor is working well. 

Originally Posted by jtdavis:

Dire, you can print all you want, I know what happened to the few dollars that I had. Also, in 2001, when I took a new job, what my retirement check from them was projected to be, is actually about doubled.  Whatever the charts and causes are, I know what happened to my money.

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JT,

 

The problem is, yes, you know what happened to your money.  But, you have no idea of why.  Which places you somewhere between the animist who believe sacrificing a virgin stopped a volcano from erupting and those that believe wet sidewalks cause rain.

 

Add, a short term memory loss when you treat all this as new, when its been explained to you before. 

The problem is, yes, you know what happened to your money.  But, you have no idea of why.  Which places you somewhere between the animist who believe sacrificing a virgin stopped a volcano from erupting and those that believe wet sidewalks cause rain.

 

Add, a short term memory loss when you treat all this as new, when its been explained to you before. 

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I know why, a democrat was in office.

rOriginally Posted by jtdavis:

The problem is, yes, you know what happened to your money.  But, you have no idea of why.  Which places you somewhere between the animist who believe sacrificing a virgin stopped a volcano from erupting and those that believe wet sidewalks cause rain.

 

Add, a short term memory loss when you treat all this as new, when its been explained to you before. 

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I know why, a democrat was in office.

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Yep!  Typical progressive magical thinking.  Up there with efforts by politicians passing laws to round pi to 3.14 and revoke the law of gravity.

Last edited by direstraits

Yep!  Typical progressive magical thinking.  Up there with efforts by politicians passing laws to round pi to 3.14 and revoke the law of gravity.

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I had $30,000  when Bush went in. When Bush left, I had $12,000 . When Obama went in, I had the $12,000. 6 years into Obamas' presidency, I had $20,000.  If you want to blame democrats for the value going down when Bush was in, (he had a republican majority part of the time) and blame the republicans for the value going up when Obama was in, have at it. I suppose I don't understand why, I just know what happened to my money.

Originally Posted by jtdavis:

Yep!  Typical progressive magical thinking.  Up there with efforts by politicians passing laws to round pi to 3.14 and revoke the law of gravity.

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I had $30,000  when Bush went in. When Bush left, I had $12,000 . When Obama went in, I had the $12,000. 6 years into Obamas' presidency, I had $20,000.  If you want to blame democrats for the value going down when Bush was in, (he had a republican majority part of the time) and blame the republicans for the value going up when Obama was in, have at it. I suppose I don't understand why, I just know what happened to my money.

_________________________________________________________________

https://www.tnvalleytalks.com/t...3#434773080009397333

 At the above, I even explained this to you directly as the below excerpt shows:

 

"JT,  I've explained this many times -- suggest memory retention therapy.  Because the Fed has forced interest rates on CDs, money markets and savings accounts to near zero; investors were driven to the stock market.  Prices were driven up well beyond book value,  Its a bubble economy awaiting slow deflation or a burst.  Either way, people will lose millions,"

 

Adding to this bubble are the mostly European socialist economies that are flat lining or declining.  Their investors are desperate for any place to park their money at a profit. 

 

As a couple of examples, in 1929, the market was growing and everyone in the market felt rich.  Except for the few who cashed out before the crash, when the bubble burst, they were left with nothing.

 

Closer to today, housing values rose to a level never seen before. In the past 150 years, homes were depreciating assets.  They were a good place to park one's money -- everyone needs a place to live.  But. decreased in value over the years. In 2008, that bubble burst.  People found their homes were worth less than the outstanding loan,  Those that borrowed against their home found themselves in debt and a home worth less than the debt.

 

Those who simply paid off their home loans and place their money in safe, but less volatile investments found themselves worth less on paper, but with a home paid for and money in the bank -- or, munies from cities and states not ruled by Democrats for decades.

 

JT, you don't understand what happened.  I do.  That, is a major difference.

JT: You say;

I had $30,000  when Bush went in. When Bush left, I had $12,000 . When Obama went in, I had the $12,000. 6 years into Obamas' presidency, I had $20,000.  If you want to blame democrats for the value going down when Bush was in, (he had a republican majority part of the time) and blame the republicans for the value going up when Obama was in, have at it. I suppose I don't understand why, I just know what happened to my money.

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Old Saying - It takes a Repub. 3 yrs. to clean up the Mess Dems. left, due to wasteful spending and policies..

 **If you knew what happened to your money when Bush Left office, Why did you let it go down so low. Always use stop losses from your money's peak earnings. Move before you get wiped out. Don't wait to get wiped out. Use stop lose set at 20% from peak value you should have gotten out at $24,000, to later invest when there's blood in the waters..and lower valuations can be evaluated to find bargains.

  Are you going to sit on your new Obama peak earnings (as weak as they are), then complain when he leaves office with your money substantially lower than you had before. Again, use No Stop Loses, to protect your assets. Be your own Boss, who ever is in Office... Your in Charge of your Money, hopefully not the Government... They will take every dime you have...Since Obama been in office, I had a Money Market Account with Black Rock Group, (a conservative investment, meant to avoid Risky investments- Cash Account) MMA's for the past 25 years have paid well for NO RISK, much like Gov't Bonds( a little more Risky), but the past year, MMA's have Lost Money... Obama policies have made it where the typical saver can no longer park their cash or invest in Gov'nt bonds. Some bonds do make money, just not as easy to find. Equities markets have been the only chance to make any money, and It may be coming to an end. Bears are coming out... Don't get Slaughtered Again.. Good Luck..

JT: You say;

I had $30,000  when Bush went in. When Bush left, I had $12,000 . When Obama went in, I had the $12,000. 6 years into Obamas' presidency, I had $20,000.  If you want to blame democrats for the value going down when Bush was in, (he had a republican majority part of the time) and blame the republicans for the value going up when Obama was in, have at it. I suppose I don't understand why, I just know what happened to my money.

 

10th time for the money story.

Direstraits:

Looking at your GDP table, I am seeing a troubling sign with the numbers being presented. While they are accurate and I appreciate you digging up the data, the Obama years spell "Unable to PayOff Incurred Debt".

The USA needs to have a GDP of at least 3.0% to absorb and payoff 18 Trillion $'s of Debt., based upon the size of the US Economy. 1.92% an't gonna cut it.. JT's account is going down come the 1st year in the next presidential cycle. Sorta of a Repercussion...unless the Government increases Taxes across the board to pay off poor management/policies from our Current government officials, who think you should pay more of what you earned.  Disguised as Only the Rich 1%'s Dems really want middle class earners to pay more!! Dems say the Rich, only to cushion the Blow to the Middle Class Wage Earners, that they will have to Pay their Fair Share, according to Dems... Which is just HOG WASH, Obama's policies Screwed UP and want to blame others for their Ideologies demise of the USA, which were also, just passing thoughts through their hollow heads...Air Head Leaders...Fooled another Victim. Socialism at its Finest... Just ask Greece, hows that Democratic Socialistic Model working for you.. Our Kids and Grandkids and Great Grandkids, will have it tough, to eak out a living during their working years.... I guess the Dems will vote in congress, to Cut current Social Security Checks by 20%, to help pay for gov'nt services offered..

 

River Runner,

 

I agree that without a significant increase in GDP the deficits will continue.  Increasing taxes will eventually decrease revenue as between 25 and 30 percent is the point where revenue decreases.  The UK had a wealth tax that eventually reached down to those making $35,000.  Additional regulations are preventing businesses from recovering and encouraging new ones to leave before going public. 

 

Congress can't cut social security arbitrarily as it represents a contract -- congress is prevented from meddling with the law of contracts.  When the revenue drops below pay out and cashed in IOUs from previous surpluses, by law it will be cut by 25 percent around 2034. 

 

In short, the present scenario is not sustainable.  A full on socialist one isn't either. All are failing or supported by wasting assets in the cases of Denmark and Norway's North Sea oil, which represents about 33 percent of their revenue. 

**If you knew what happened to your money when Bush Left office, Why did you let it go down so low.

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When Bush left office, the value started going up. (read what I posted) 

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10th time for the money story.

 

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Jack, I had no idea you were that good at counting.

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The USA needs to have a GDP of at least 3.0% to absorb and payoff 18 Trillion $'s of Debt., based upon the size of the US Economy. 1.92% an't 

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Isn't that up to the manufacturers making something in America and American consumers buying something American made?

Originally Posted by Jack Flash:

JT: You say;

I had $30,000  when Bush went in. When Bush left, I had $12,000 . When Obama went in, I had the $12,000. 6 years into Obamas' presidency, I had $20,000.  If you want to blame democrats for the value going down when Bush was in, (he had a republican majority part of the time) and blame the republicans for the value going up when Obama was in, have at it. I suppose I don't understand why, I just know what happened to my money.

 

10th time for the money story.

==================

Yeah that money story. Jt, how do you think the people that have lost everything because of obama feel? You never mention them, it's always about you.

Originally Posted by jtdavis:

**If you knew what happened to your money when Bush Left office, Why did you let it go down so low.

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When Bush left office, the value started going up. (read what I posted) 

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10th time for the money story.

 

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Jack, I had no idea you were that good at counting.

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The USA needs to have a GDP of at least 3.0% to absorb and payoff 18 Trillion $'s of Debt., based upon the size of the US Economy. 1.92% an't 

------------

Isn't that up to the manufacturers making something in America and American consumers buying something American made?

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To a small part, goobermint can assist or hinder manufacturers and consumers by the laws, trade deals, and regulations that congress and the pen-and-phone create. For 20 years the theme of government has been to send manufacturers overseas through the trade deals and for the last six and a half years to punish those who hire the unemployed with higher costs, regulations, and taxes.

Originally Posted by jtdavis:

**If you knew what happened to your money when Bush Left office, Why did you let it go down so low.

----------------------------

When Bush left office, the value started going up. (read what I posted) 

=======================

10th time for the money story.

 

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Jack, I had no idea you were that good at counting.

===========================

The USA needs to have a GDP of at least 3.0% to absorb and payoff 18 Trillion $'s of Debt., based upon the size of the US Economy. 1.92% an't 

------------

Isn't that up to the manufacturers making something in America and American consumers buying something American made?

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If, the administration is intent upon regulating, taxing and adopting a generally anti-business mood within government, why would businesses do such? 

Isn't that up to the manufacturers making something in America and American consumers buying something American made?

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JT - You may have something there - Get on the phone to your president and let him know. you want him to Release the EPA's death grip on American Coal and Utility Power generating companies, who rely on coal for a low cost energy producer to Americans. That way Americans can dig up some coal and ship to Colbert Steam Plant, so You, I and all the Businesses in S.Tenn, E.Miss. Northern Ala. will  have Affordable Electricity made by Americans, Not some US company using Chinese Mfg'ed parts of Solar Panels being erected in Florence, that will want to sell their electricity to your local utility company at 100%+ increase cost over Colbert Steam plants already low cost energy...... You do know??, Obama mandated the closing of your American Colbert Steam Plant via his strong arm tactic using the EPA? 

Dems may let you have a little money now, but they will use other methods of getting it back.. 

Originally Posted by direstraits:

The CBO predicts a two percent average growth for 2015.

http://www.motherjones.com/kev...ow-growth-new-normal

 

This equates to no change in economic forecast -- little growth and few new jobs.

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Divided government goes only so far; it may stop new idiotic legislation but it can't cure stupid if Stupid owns the pen and phone.

Yeah that money story. Jt, how do you think the people that have lost everything because of obama feel? You never mention them, it's always about you.

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If someone lost everything in the stockmarket at the same time that the going up as much as it has under Obama, they are jewels. Write a book so the rest of the world will know what not to do.

Originally Posted by jtdavis:

Yeah that money story. Jt, how do you think the people that have lost everything because of obama feel? You never mention them, it's always about you.

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If someone lost everything in the stockmarket at the same time that the going up as much as it has under Obama, they are jewels. Write a book so the rest of the world will know what not to do.

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A rising tide lifts the boats with captains who at least halfway know what they are doing.

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