Posted on 04/06/2019 6:05:32 AM PDT by Kaslin
America’s thriving economy is showing the rest of the world that capitalism remains the most effective economic system known to man.
The U.S. stock market just posted its biggest quarterly gains in a decade, as investors were comforted by the appointment of Trump ally Stephen Moore to the Federal Reserve’s Board of Governors. Moore is a tax-cutter who helped write President Trump’s broadly successful tax reform, and he’s expected to resist calls for the Fed to raise interest rates while the economy continues its recovery from the Great Recession.
This news contrasted with continued global weakness, including disappointing reports on manufacturing in Asia and Europe. In Germany, declining exports have coincided with an economic slowdown in China, which is Germany’s largest trading partner.
Meanwhile, Brexit difficulties continue to paralyze the U.K., and the French are still rebelling over President Emmanuel Macron’s unforgivable socialist tax hikes. Further depressing the global economy is the lack of growth in Japan, due to weakness in exports and lackluster economic recovery.
Yet, while manufacturing is contracting elsewhere, it continues to expand in the U.S. The Institute for Supply Management’s index of national factory activity surged to 55.3 in March, an increase of 1.1 over February, and nearly a full point higher than economists had predicted.
Americans continue to enjoy historically low unemployment across all socioeconomic levels, so much so that other countries are now attempting to revive their own economies with bold, effective, Trumpian corporate tax reductions.
And when Americans are working, their outlook improves. A recent CNN poll found that 71 percent of respondents say the U.S. economy is solid, which is the highest level of economic optimism in 18 years. Most of those surveyed approve of President Trump’s economic policies and the poll showed his approval rating has climbed to 42 percent as Americans realize that his capitalist policies are working for them.
In fact, America is one of the only industrialized countries that continues to enjoy strong growth thanks to President Trump’s commitment to deregulation and adherence to free-market policies.
It’s good news for the Trump economy too that the Fed announced that it will forestall planned interest rate hikes in the near future, removing a major source of economic uncertainty. Plus, Steve Moore’s appointment to the Fed will further solidify support for an accommodative monetary policy that works in tandem with the President’s pro-growth policies.
Going forward, investors are optimistic that President Trump will continue to push back on socialist policies while giving capitalism the freedom to flourish. It also appears that a trade deal with China is forthcoming, as evidenced by Treasury Secretary Steve Mnuchin’smeeting in China, giving investors further cause for optimism. Less than three years ago, China was pirating U.S. inventions without limit; now we’re on the verge of a historic agreement to open up China’s markets to free, fair, and reciprocal competition.
President Trump has been an unwavering champion of capitalism in the White House, and the effectiveness of his pro-growth agenda is showing that capitalism is still the surest route to prosperity.
IF the USA doesn’t stop the invasion and start retaliating with tariffs then it is all for naught.
It is also the most moral. Capitalism is moral because it is based on and presupposes a rational politics, and a rational politics requires, sanctions, and justifies capitalism. A rational politics is based on and presupposes a metaphysics of reality, an epistemology of reason, and an ethics where the standard of value is the life of the individual, and the individual is an end in himself, and the proper beneficiary of his own action.
Pics of Gina, she is a real looker. Conservative pin-up girl.
The GOP abandoned that after WWII, so now we have "Global" capitalism and "Global" labor arbitrage which is an abomination .
Trump And The Free Market Is A Winning Combination
We need to promote a reasonably regulated free market that floats all boats
“Many in the middle class are5 paying more taxes this year.”
That’s an unsupportable statement. Have you examined the old and new tax brackets side by side?
God and Trump are the winning combination.
Yes. Have you examined/asked about tax returns this year?
Yes. Have you examined/asked about tax returns this year?
I’ve compared old and new, have completed my tax returns (much better than last year, thank you) and have seen the data. The ONLY people complaining fall into one of several categories.
1) Their monthly withholdings were reduced, increasing their take home pay. As a result they’ve paid less in taxes but bitch about getting a smaller refund...which is moronic.
2) The 1% top income earners who own homes with mortgages over $1 million and who live in high tax states.
3) Those ignorant of the facts.
Which are you?
I really do not need to play arrogant games with you. Perhaps you do not know everything.
I am a retired lawyer, with past experience in tax law, I have two combination CPA/Lawyers in my immediate family and there is a 4th category, where certain tax credits and deductions lost are not compensated for in the new standard deductions.
Hope that helps.
bump
With the size of the new Unified Credit and Marital Deduction combined with lower rates at higher brackets it’s unlikely that it would have a significant impact on more than a small number of people.
If you have the background you claim you already know that.
Lol.
Give me a case study or the joke is on you.
You think having the kast B.S. word is important? What are your credentials?
Let’s review.
You made a claim.
I refuted it.
You followed with an insult.
I asked you to provide a case study to justify your point.
So far you’ve not done so.
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