asterisk2a + mid-term   20

(10645) Trump's New One Billion Dollar Tax Cut | The Daily Show With Trevor Noah - YouTube
Donald Trumps tax cuts hoovered up by the 1% (10%) via stock buybacks. It's a theme for that last YEARS. Years not just w Trump and Trumpian tax cut.
And after Farmer's bailout, to quell any potential moodyness pre mid-term elections, Trump team considering giving more tax cuts to the haves (inflations korrigierte capital gains tax)
DonaldTrump  Donald  Trump  wage  growth  income  USA  working  poor  buyback  stock  dividends  trickle-down  shareholder  profit  maximisation  mid-term  election  capital  gains  tax  taxcut  evasion  avoidance  American  Dream  social  mobility  downward  meritocracy  meritocratic 
august 2018 by asterisk2a
Ana Kasparian SHREDS Trump's Weak Economy + Trade War Tariffs + Farmers Bailout
US going to run 4-5% budget deficit + debt accumulation + 1% tax cuts AND hourly earnings have not risen June 2017-June 2018! https://twitter.com/MkBlyth/status/1018079719319891968 - From June 2017 to June 2018, real average hourly earnings decreased 0.2 percent, seasonally adjusted.
Combining the change in real average hourly earnings with a 0.3-percent increase in the average workweek resulted in no change to real average weekly earnings over this period. https://www.bls.gov/news.release/realer.nr0.htm
//&! https://www.youtube.com/watch?v=0gomGA1BRkQ & https://www.youtube.com/watch?v=50y463lECNY - $12bn Farmer's bailout (only for this year) to save face in mid-term elections & telling voters 'don't trust what you read and hear.' << https://twitter.com/ianbremmer/status/1021871179181838336 - "The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - George Orwell, "1984" - Donald Trump in front of Vets of Foreign Wars: "Just remember, what you are seeing and what you are reading is not what's happening"
DonaldTrump  Donald  Trump  1%  income  growth  working  poor  poverty  trap  stagnation  secular  stagflation  Fed  social  mobility  economic  history  downward  taxcut  mid-term  wage  GDP  recovery  GFC  inequality  election  elections  Farmers  bailout  tradewar  trade-war  tariffs  WTO  Brexit  China  retaliation  EU  UK  freetradedeal 
july 2018 by asterisk2a
Soros: I Can't Stop a Republican "Avalanche" - NYTimes.com
Asked if the prospect of Republican control of one or both houses of Congress concerned him, he said: “It does, because I think they are pushing the wrong policies, but I’m not in a position to stop it. I don’t believe in standing in the way of an avalanche.”
republicans  policy  USA  mid-term  election  2010  presidency  barackobama  fiscal  monetary  georgesoros  unintended  consequences 
october 2010 by asterisk2a
Talking Business - Rousing Wall Street From Its State of Denial - NYTimes.com
“I represent the Wall Street community,” he began, wearing a suit that was decidedly not polyester. “We have felt like a piñata. Maybe you don’t feel like you’re beating us with a stick but we certainly feel like we’ve been whacked with a stick.” After going on a bit about job growth and the “connection between Wall Street and Main Street,” he returned to his theme. “When are we going to stop whacking Wall Street like a piñata?”

In fact, Mr. Scaramucci had served up a softball question — just not the kind he had intended.

In the span of just a few minutes, Mr. Obama mentioned billion-dollar hedge fund compensation, Mr. Schwarzman’s Hitler remark, the absurdity of a fund manager’s secretary paying a higher tax rate than his or her boss, and the fact that “most people on Main Street feel like they’ve been beat up on.” He was interrupted several times by applause. “He came at me with a baseball bat,” complained Mr. Scaramucci.
rhetoric  Obama  BarackObama  WallStreet  MainStreet  facts  USA  mid-term  election  taxation  goldmansachs  AIG  lehmanbrothers  leadership  representative  financial  industry 
october 2010 by asterisk2a
Analysis Looks at Effect of Letting Tax Cuts Lapse for Rich - NYTimes.com
If the president gets his way, in 2011 the top two income tax rates — now 33 percent and 35 percent — would revert to the levels before the Bush administration, 36 percent and 39.6 percent, respectively. But the four lower rates would remain 10 percent, 15 percent, 25 percent and 28 percent. For some taxpayers earning up to $250,000, the top marginal rate would remain 33 percent.

Filers with taxable income of $500,000 to $1 million would still get on average a tax cut of $6,700 compared with pre-2001 rates, according to the data from the tax analysts. But that compares with roughly $17,500 if the top Bush tax rates were maintained.
gwbush  barackobama  presidency  2010  mid-term  election  taxation 
august 2010 by asterisk2a
Political Memo - Democrats See Signs of Hope in Job Trends - NYTimes.com
That is because different parts of the country are recovering at different rates — and, in a bit of electoral good luck for the Democrats, some of the areas that are beginning to edge upward more quickly, like parts of Ohio, Pennsylvania and New York, happen to be in important battlegrounds for the House and the Senate.

“A lot of the trend lines are turning positive in many of these contested areas,” said Mark Zandi, a chief economist for Moody’s Analytics. “It really boils down to: Is there enough time for the trend lines to trump the still pretty difficult conditions in the minds of the voters?”

Certainly, the economy will not be the only factor voters weigh at the ballot box. There are areas that weathered the recession relatively well where Democratic incumbents are still in danger. There are also places trailing the national recovery, like Nevada and Florida, which could hurt the party.
usa  mid-term  election  2010  recovery  unemployment  recession 
june 2010 by asterisk2a
Lexington: A gambling man | The Economist
Mr Obama placed bet one as soon as he arrived in office, by staking what will add up to a cool $1 trillion on economic stimulus. Since the counter-factual—what would have happened to the swooning American economy without the cash injection—cannot be known, historians will squabble for decades about how good a bet it was

The president placed his second bet in the autumn of last year when he decided to recast America’s military strategy in Afghanistan and send more troops. Foreign wars have long been the bane of presidents who long to transform America at home. Lyndon Johnson said that he knew he was killing his hopes of creating a Great Society by choosing to get involved in “that bitch of a war on the other side of the world”.

Mr Obama’s third big bet was health reform.
presidency  barackobama  healthcare  stimulus  Afghanistan  mid-term  election  2010 
june 2010 by asterisk2a
Op-Ed Columnist - Obama Versus the Corporations - NYTimes.com
populist uprising. Yet the antics of the socialism-and-death-panels crowd are only part of the story of anti-Obamaism, and arguably the less important part. If you really want to know what’s going on, watch the corporations.
How can you do that? Follow the money — donations by corporate political action committees.
One answer is taxes — not so much on corporations themselves as on the people who run them. The Obama administration plans to raise tax rates on upper brackets back to Clinton-era levels. Furthermore, health reform will in part be paid for with surtaxes on high-income individuals. All this will amount to a significant financial hit to C.E.O.’s, investment bankers and other masters of the universe.

Obama in the position FDR described in a famous 1936 speech, struggling with “the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.”
taxation  taxes  tax  barackobama  presidency  2010  mid-term  election  2012  politics  interestgroups  interest 
may 2010 by asterisk2a

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