The General
Footballguy
Ol Joe sure hates Tech. He’s killing my FAANG.
You're right! He's absolutely crushing it getting all the credit for the work Trump did!Joe Cool just crushing it. Dow and S&P at record highs. Retail sales exploded, jobless claims down. Thank you, Father Biden!
Be better if you want post in here again. Trolling isn't allowed in the Father Biden thread.BladeRunner said:You're right! He's absolutely crushing it getting all the credit for the work Trump did!
He should tweet about it more often. All these people probably don't know how good the stock market is doing without the POTUS tweeting about record highs...General Malaise said:Joe Cool just crushing it. Dow and S&P at record highs. Retail sales exploded, jobless claims down. Thank you, Father Biden!
Not sure he wants to tweet about making the rich richer. Which is what he's doing by pumping massive amount of cash into the system and inflating asset prices as a result.He should tweet about it more often. All these people probably don't know how good the stock market is doing without the POTUS tweeting about record highs...
Does he even use Twitter?Not sure he wants to tweet about making the rich richer. Which is what he's doing by pumping massive amount of cash into the system and inflating asset prices as a result.
He doesn't even know what day it is much less what Twitter is.Does he even use Twitter?
Keep printing money Joe. I love it!Not sure he wants to tweet about making the rich richer. Which is what he's doing by pumping massive amount of cash into the system and inflating asset prices as a result.
Yep, my real estate holdings are through the roof thanks to inflation Joe. He’s making it rain.Keep printing money Joe. I love it!
Real estate is up because Jobs Joe is putting people back to work. You’re welcome.Yep, my real estate holdings are through the roof thanks to inflation Joe. He’s making it rain.
It's the perfect con. Keep the base happy with a sprinkle of stymie while wall street rakes it in.Yep, my real estate holdings are through the roof thanks to inflation Joe. He’s making it rain.
By base, do you mean working class Americans who are finally getting back to work? How ironic is it that we finally got the “businessman” President so many conservatives have longed for and yet he didn’t understand that the key to saving businesses and mitigating the damage was getting control of and effectively responding to COVID.It's the perfect con. Keep the base happy with a sprinkle of stymie while wall street rakes it in.
Nobody’s mentioned jobs but you. Those come back naturally, minus the tens of thousand killed by EO, when handed a vaccine.By base, do you mean working class Americans who are finally getting back to work? How ironic is it that we finally got the “businessman” President so many conservatives have longed for and yet he didn’t understand that the key to saving businesses and mitigating the damage was getting control of and effectively responding to COVID.
Did you actually just say printing trillions and trillions at a time has no effect on the market?Been getting rich for a decade now (that Clinton run was pretty sweet too) but of course when Biden and Obama did it, it was luck, or the right people in power (but def not them - they are socialists or senile), printing money, inflation, or luck, on and on.
Good stuff.
Actually he didn't say that at all. You literally made up a statement that is nowhere to be found in the post you quoted.Did you actually just say printing trillions and trillions at a time has no effect on the market?
Funny thing to me is that for a great majority of people, this is a natural progression. Maybe not getting rich, but doing better today than you did 10 years ago. And 10 years ago doing better than you did while you were a 23 year old recent college graduate. It is comical to just say "I did so much better under Trump than Obama" (or pick any president to president change) without really looking at the surrounding factors. Like you got a promotion or a new job or whatever - things that had nothing to do with the president at the time.Been getting rich for a decade now (that Clinton run was pretty sweet too) but of course when Biden and Obama did it, it was luck, or the right people in power (but def not them - they are socialists or senile), printing money, inflation, or luck, on and on.
Good stuff.
I bolded it for you. JFC.Actually he didn't say that at all. You literally made up a statement that is nowhere to be found in the post you quoted.
As for who is printing money, don't let facts get in the way since 20% of all money in circulation was printed in a 3 month period...in 2020!!
Hint -- We had a different President during that time.
That’s what’s been going on for some time. But when it occurs under Dem Prez well it’s an issue. Who runs the Fed nowDid you actually just say printing trillions and trillions at a time has no effect on the market?
Where does it say ANYTHING to the effect of "has no effect on the market"?I bolded it for you. JFC.
And if you havent noticed, I'm all for printing money. Even when you give it to the poors, look at what it does to my bank account. Good job Trump, good job whomever is pulling the strings for Biden.
You have to infer that from what he said, he included items like "luck" and "inflation" which obviously don't have an effect. It's the whole crux of his post. HTHgianmarco said:Where does it say ANYTHING to the effect of "has no effect on the market"?
Feel free to go back and bold that part. Or quote it. I'll wait.
Who said it is an issue? I love it!The General said:That’s what’s been going on for some time. But when it occurs under Dem Prez well it’s an issue. Who runs the Fed now
It’s as if it doesn’t really matter if a Dem, even the Socialist or the old guy, is running things and the Economy does just fine.
Wrong.You have to infer that from what he said, he included items like "luck" and "inflation" which obviously don't have an effect. It's the whole crux of his post. HTH
Who said it is an issue? I love it!
I swear half of the people in this forum on any given day can't read English.
The stock market just dropped like a rock over on the headline about a proposed capital gains increase. Wait until it actually passes.First of all, this is still the Trump economy.
second of all, if Joe can raise taxes without damaging the current progress, then that would be a win for everybody.
What a ####ing loser.President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%, which, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%, according to people familiar with the proposal.
The plan would boost the capital gains rate to 39.6% for those earning $1 million or more, an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public. A 3.8% tax on investment income that funds Obamacare would be kept in place, pushing the tax rate on returns on financial assets higher than the top rate on wage and salary income, they said.
Stocks slid on news about the plan, with the S&P 500 Index down as much as 0.6% after climbing 0.2% earlier. The Nasdaq Composite fell 0.4% as of 1:15 p.m. after rising as much as 0.5%. Ten-year Treasury yields erased gains.
I'm going to take all the old lady's tea bags and throw them in the toilet tonight in symbolic protest.Aaaaannnd it's gone!
*BIDEN TO PROPOSE CAPITAL GAINS TAX AS HIGH AS 43.4% FOR WEALTHY
Talk about timing for my posting....43% is harsh and will do damage.....I also heard a rumor (probably not true) that crypto gains will get hit even harder maybe 80% CG tax....The stock market just dropped like a rock over on the headline about a proposed capital gains increase. Wait until it actually passes.
I'm not going to get into the politics over it, but this is going to tank the market especially if they try to make it retroactive. I think it will be DOA in the Senate and would never pass. This doesn't just soak the rich, anyone with any exposure to the stock market loses big time. It's just stupid stupid stupid.Talk about timing for my posting....43% is harsh and will do damage.....I also heard a rumor that crypto gains will get hit even harder maybe 80% CG tax....
Retroactive? WTF?I'm not going to get into the politics over it, but this is going to tank the market especially if they try to make it retroactive. I think it will be DOA in the Senate and would never pass. This doesn't just soak the rich, anyone with any exposure to the stock market loses big time. It's just stupid stupid stupid.
Really, if you're being honest, its still an extension of the Obama economy, that he rebuilt on the ashes of the Bush Recession.First of all, this is still the Trump economy.
Yes expect them to try for retroactive for the entire calendar year, not just from when it passes, if it passes.Retroactive? WTF?
Ah yes.Yes expect them to try for retroactive for the entire calendar year, not just from when it passes, if it passes.
I think that's fair. That said, none of those guys tried to raise the capital gains tax to 43.4%. There's a modest increase and then there's just crazy.Really, if you're being honest, its still an extension of the Obama economy, that he rebuilt on the ashes of the Bush Recession.
There is some truth to that. I also think the tax cuts (even with the awful deficits) and regulation changes along with the cheerleading (psychology and confidence have real impacts on the economy) as well as keeping interest rate hikes in check (maybe inappropriately, but he was right) certainly helped. It helped push us from 2% ish growth to 4%ish....Really, if you're being honest, its still an extension of the Obama economy, that he rebuilt on the ashes of the Bush Recession.
which was cause by the Clinton Housing Crisis.Really, if you're being honest, its still an extension of the Obama economy, that he rebuilt on the ashes of the Bush Recession.
Damn shame he couldn't fix that during his 8 year administration.which was cause by the Clinton Housing Crisis.
Yep.Damn shame he couldn't fix that during his 8 year administration.
“Leadership: Whatever happens, you’re responsible. If it doesn’t happen, you’re responsible.” - Donald Trump, 2013
Joe doesn’t even know where he is right now, best thing he can do is continue to stay out of the way.tommyGunZ said:Real estate is up because Jobs Joe is putting people back to work. You’re welcome.
Yep, so triggered they don’t see their money is worth nothing anymore.tonydead said:It's the perfect con. Keep the base happy with a sprinkle of stymie while wall street rakes it in.
Come on, those realities aren’t welcome here.which was cause by the Clinton Housing Crisis.
You are opposed to how the Fed / Powell has handled monetary policy the past couple years?Yep, so triggered they don’t see their money is worth nothing anymore.