Trump budget director Mulvaney: 'MAGAnomics' is working and defying critics

[FakeNews]

While many are predicting GDP growth for the first three months of this year may not be as high, we should weigh that possibility against this certainty: the Left, and many in the media, will pounce on any report to throw doubt on not only the health of the American economy, but on the efficacy of President Donald Trump's MAGAnomics (Make America Great Again) agenda of tax reform, deregulation, trade renegotiation and domestic energy independence.

Foremost, confidence in the American economy among businesses and consumers is near historic highs. That means businesses, both small and large, and just as importantly, ordinary Americans, have more hope in the future of their jobs, their opportunities, and their own savings accounts.

Secondly, job openings are at a record high and the unemployment rate at 4.1 percent is at its lowest level since the turn of the century. People have stopped worrying about jobs and instead are able to focus on building their careers. A job is important, but a career is a life. And the creativity and productivity a career provides is what makes work enjoyable. As of today, Americans are much more comfortable taking more steps to build their lives.

Lastly, it's easy to see that most of the left has been wrong about the economy for quite some time now (some of us think they've been wrong since Karl Marx's "Das Kapital" was originally published in 1867.) I certainly remember what they said about our projections for 3 percent GDP. They mocked: "impossible." They criticized: "There is nothing in policy that would raise the growth rate." They laughed: "Assumptions are assumptions, but assuming 3 percent growth is just pie in the sky."

https://www.cnbc.com/2018/04/05/tru...aganomics-is-working-and-defying-critics.html

 

[Luk]

45's budget director says 45's budget is aces. You don't say!

 

[Taint_mAnn]

*chuckles*

 

[FakeNews]

Survey: Execs voice more confidence after GOP tax overhaul

45's budget director says 45's budget is aces. You don't say!

*chuckles*

Financial executives in the U.S., Canada and Mexico are reporting increased confidence about the economy and their companies’ prospects following passage of the GOP tax law, according to a new survey from Deloitte.

Ninety percent of chief financial officers (CFOs) who participated in the professional services company's first-quarter 2018 survey said the current condition of the North American economy is good.

The GOP tax overhaul, which President Trump signed into law in December, cut the corporate tax rate from 35 percent to 21 percent. Republicans argue that the law will boost economic growth and business investment in the U.S.

A number of CFOs said they expect their companies to make new investments and hire more workers following implementation of the new tax law.

http://thehill.com/policy/finance/3...ce-increased-following-passage-of-gop-tax-law

 

[FakeNews]

45's budget director says 45's budget is aces. You don't say!

*chuckles*

Is there anything else I can help you with?

 

[HisArpy]

Is there anything else I can help you with?

Maybe showing him the door? Not that he's smart enough to understand what to do with one, but you could show it to him.

 

[WoundedKnee]

It's always a revolving door.

 

[Luk]

Is there anything else I can help you with?

Maybe showing him the door? Not that he's smart enough to understand what to do with one, but you could show it to him.

Why don't you two partisan dumbfucks look up what Mexico is doing about 45's wall and how it will affect the US economy and then get back to us.

 

[Rightguide]

http://thehill.com/policy/finance/3...ce-increased-following-passage-of-gop-tax-law

Neither can read or understand context.

 

[Hypoxia]

Why don't you two partisan dumbfucks look up what Mexico is doing about 45's wall and how it will affect the US economy and then get back to us.

World markets are showing great enthusiasm for MAGAnomics. No brokers have jumped from skyscrapers yet! And hey, Trump is scaring away some but not all international visitors. So there's that.

 

[FakeNews]

Timing is everything...

Why don't you two partisan dumbfucks look up what Mexico is doing about 45's wall and how it will affect the US economy and then get back to us.

Considering how *most* of dp's docs are incompetent (according to her)...

Would you like to read my paper on American economics and the way that welfare, S.S., Medicare, illegal immigrants fail the American tax payer by letting people who refuse to take expensive meds/help not paid for by those receiving treatment will most likely cause Americans my age to not receive the care I will need later in life?

The care that I've pay into since I was 14.

I'd love to read your paper, Luk.

 

[Luk]

I'd love to read your paper, Luk.

The way you are stalking me, I'm sure that's a euphemism.

 

[FakeNews]

The way you are stalking me, I'm sure that's a euphemism.

Did I embarrass you, Luk?

 

[Hypoxia]

45's budget director says 45's budget is aces. You don't say!

That way he won't immediately read about the YOU'RE FIRED! tweet on FauxNewz, like most of Tromp's staff. Wait a few weeks. His next budget director will be experienced with making change at 7-11. and stealing credit card info.

 

[Luk]

Did I embarrass you, Luk?

This should be good.... How do you think anything you've ever pisted would embarrass Luk?

 

[Luk]

That way he won't immediately read about the YOU'RE FIRED! tweet on FauxNewz, like most of Tromp's staff. Wait a few weeks. His next budget director will be experienced with making change at 7-11. and stealing credit card info.

As long as I can get a Coke Slurpee, I'm good.

 

[FakeNews]

This should be good.... How do you think anything you've ever pisted would embarrass Luk?

Post/link a copy of your paper, Luk.

 

[Luk]

Post/link a copy of your paper, Luk.

Pist under your regular handle, coward.

 

[someoneyouknow]

It's working so well one of the rating agencies is calling into question the U.S.'s credit rating due to the soaring budget deficit.

The ratings firm specifically homed in on the tax cuts passed in December 2017, and the lift to defense and nondefense spending caps for the next two fiscal years. The climbing budget shortfalls would push the Treasury Department to issue more than a trillion dollars worth of bonds in the fiscal year of 2018.
. . .
Fitch forecast the general government deficit to hit 5% of GDP in 2018 and 6% in 2019. Their long-term analysis also hinted that government debt levels could surge to 129% of GDP by 2027, upping the forecast by an additional 16% since their last review of the U.S. sovereign credit.

If debt levels rise faster than forecast, it could lead Fitch to downgrade the U.S. status to negative from stable, a sign that a ratings downgrade could be on its way.​

https://www.marketwatch.com/story/fitch-says-rising-budget-deficits-could-call-uss-credit-rating-into-question-2018-04-05

 

[Hypoxia]

It's working so well one of the rating agencies is calling into question the U.S.'s credit rating due to the soaring budget deficit.

Donnie is quite experienced with defaults. But they usually had a subsequent bailout. China holds a trillion or two bucks in US bonds. If they dump-em, it's default time. That'll sure shake things up, hey?

 

[FakeNews]

Pist under your regular handle, coward.

Did you lie about writing the paper, Luk?

 

[Luk]

Did you lie about writing the paper, Luk?

Read the rest of the thread and find out for yourself.

 

[Taint_mAnn]

 

[FakeNews]

Read the rest of the thread and find out for yourself.

Post/link a copy of your paper, Luk.

 

[FakeNews]

Fitch settles lawsuit over ratings of debt vehicle

It's working so well one of the rating agencies is calling into question the U.S.'s credit rating due to the soaring budget deficit.

The ratings firm specifically homed in on the tax cuts passed in December 2017, and the lift to defense and nondefense spending caps for the next two fiscal years. The climbing budget shortfalls would push the Treasury Department to issue more than a trillion dollars worth of bonds in the fiscal year of 2018.
. . .
Fitch forecast the general government deficit to hit 5% of GDP in 2018 and 6% in 2019. Their long-term analysis also hinted that government debt levels could surge to 129% of GDP by 2027, upping the forecast by an additional 16% since their last review of the U.S. sovereign credit.

If debt levels rise faster than forecast, it could lead Fitch to downgrade the U.S. status to negative from stable, a sign that a ratings downgrade could be on its way.​

https://www.marketwatch.com/story/fitch-says-rising-budget-deficits-could-call-uss-credit-rating-into-question-2018-04-05

NEW YORK (Reuters) - The credit rating agency Fitch has agreed to settle a lawsuit by investors accusing it of fraudulently assigning its highest rating to a risky debt vehicle despite concern that the underlying home loans could have high default rates.

https://www.reuters.com/article/us-...ratings-of-debt-vehicle-idUSBRE92H10F20130318