American economic optimism soars, breaks CNBC survey record

[FakeNews]

American optimism about the economy is soaring.

For the first time on record, more than half the respondents to CNBC’s All-American Economic Survey rate the economy as good or excellent. Nearly 41 percent say they expect the economy to be better a year from now, near a record high. Combined, this is the most optimistic result since the CNBC survey was launched 11 years ago.

The improvement in both outlook and current sentiment traces to the election of Donald Trump in November 2016. After years of declining outlook numbers and stagnant views of the state of the economy, American views on the economy have been improving at a startling pace.

http://www.breitbart.com/big-govern...mic-optimism-soars-breaks-cnbc-survey-record/

 

[Rightguide]

Democrats are going to have to start all over with their economic bullshit. 30 years of lying crap are going down the drain as the economic benefit of these tax cuts puts the lie to their narrative.

 

[BoyNextDoor]

As far as the tax bill goes:

If you have asset based income (Real Estate income or are paid on a Schedule K-1) you are a big winner.

If you work for a living and are paid on a W-2 you have a $2K short term benefit at the cost of $20K in increased debt (your share of the $1.5 Trillion).

If you are upper middle in income you stay flat or potentially lose because you still deduct, don't benefit from the doubling of the standard deduction and other lower income benefits but are on a high wage W-2 you lose, and lose more if in a state with a a higher income tax.

As far as the stock market goes:

How many of you have moved your cash position into your stock portfolio to take advantage of the recent market gains?

As far as the "optimism" score goes, yes the stock market is increasing on consumer confidence and the expectation of higher dividends and stock buy-back as a result of lower corporate taxes.

This is pretty much the Bush-bullshit all over again but on steroids. Just recall what happened in 2008 and why the national debt had to double.

 

[Rightguide]

As far as the tax bill goes:

If you have asset based income (Real Estate income or are paid on a Schedule K-1) you are a big winner.

If you work for a living and are paid on a W-2 you have a $2K short term benefit at the cost of $20K in increased debt (your share of the $1.5 Trillion).

If you are upper middle in income you stay flat or potentially lose because you still deduct, don't benefit from the doubling of the standard deduction and other lower income benefits but are on a high wage W-2 you lose, and lose more if in a state with a a higher income tax.

As far as the stock market goes:

How many of you have moved your cash position into your stock portfolio to take advantage of the recent market gains?

As far as the "optimism" score goes, yes the stock market is increasing on consumer confidence and the expectation of higher dividends and stock buy-back as a result of lower corporate taxes.

This is pretty much the Bush-bullshit all over again but on steroids. Just recall what happened in 2008 and why the national debt had to double.

You haven't read the tax bill. So, you don't know.

 

[Hypoxia]

Tromp has yet to actually DO anything to affect the economy... except hand dominance to China, who will set the new terms of global trade. But with Tromp, no major bills signed, no major actions taken. A president who can't preside. Sad.

The 2017 boom pre-dated Tromp -- Look, Obama! -- and current "excessive exuberance" (as per Greenspan) is a bubble based on the EXPECTATION of tax giveaways. The tax bill can still crash in flames, and if/when it does, expect a "market correction". Oops.

 

[Rightguide]

Tromp has yet to actually DO anything to affect the economy... except hand dominance to China, who will set the new terms of global trade. But with Tromp, no major bills signed, no major actions taken. A president who can't preside. Sad.

The 2017 boom pre-dated Tromp -- Look, Obama! -- and current "excessive exuberance" (as per Greenspan) is a bubble based on the EXPECTATION of tax giveaways. The tax bill can still crash in flames, and if/when it does, expect a "market correction". Oops.

Please stop with the demonstrable BS.

 

[BoyNextDoor]

I am watching Lyin' Ryan telling the lies about it right now.

and TOO FUCKING FUNNY - you just used the Pelosi "pass it to know what is in it" line. You really are too funny for words.

 

[Rightguide]

I am watching Lyin' Ryan telling the lies about it right now.

and TOO FUCKING FUNNY - you just used the Pelosi "pass it to know what is in it" line. You really are too funny for words.

Democrats are lying about the effects of the bill. They have to.