Economy

#301
#301
hog88 said:
This is just ignorance.
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How so? Give me some specificity as to why taxes won't have to be raised in the future to offset the massive deficit we're building? Have you studied the economic models of the 80s and 90s and the last decade? If so, then you wouldn't have posted this response
 
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#303
#303
hog88 said:
GM wasn't saved. The GM before the bailout was just poof and gone along with all the money investors had put in. They should have been forced to go through bankruptcy like any other company.

It's ignorant to think GM was saved. It wasn't.
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How many years have you spent working in the auto industry?

I spent 17 years in it. Specifically in cost and operations. Not a single manager or executive in the auto industry would say it's ignorant to think GM was saved. What do you know about it that those who are more educated and experienced than you don't know?
 
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#304
#304
114VOL said:
How so? Give me some specificity as to why taxes won't have to be raised in the future to offset the massive deficit we're building? Have you studied the economic models of the 80s and 90s and the last decade? If so, then you wouldn't have posted this response
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Total tax revenue doesn't usually increase when taxes are raised. We need spending cuts.
 
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#307
#307
1972 Grad said:
Total tax revenue doesn't usually increase when taxes are raised. We need spending cuts.
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I agree. By any known economic certainty, you can't cut taxes and then massively increase spending. Yet that is exactly what we're doing. A few years from now, the middle class will have to bear the burden of this irresponsible fiscal policy Trump and the Republicans have enacted.Virtually every Chairman of the Board/CEO type of our industry leading companies said the tax cut was a bad idea.
 
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#308
#308
114VOL said:
How many years have you spent working in the auto industry?

I spent 17 years in it. Specifically in cost and operations. Not a single manager or executive in the auto industry would say it's ignorant to think GM was saved. What do you know about it that those who are more educated and experienced than you don't know?
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Used car mgr at a local dealer does not make you an auto industry executive.....
 
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#310
#310
T-TownVol said:
Used car mgr at a local dealer does not make you an auto industry executive.....
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I realize you probably can't discuss details of the GM bailout intelligently, so this is what you have to offer.

Pretty funny though. For a two bit punk anyway
 
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#315
#315
114VOL said:
I agree. By any known economic certainty, you can't cut taxes and then massively increase spending. Yet that is exactly what we're doing. A few years from now, the middle class will have to bear the burden of this irresponsible fiscal policy Trump and the Republicans have enacted.Virtually every Chairman of the Board/CEO type of our industry leading companies said the tax cut was a bad idea.
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Trump is following the long standing tradition of republican presidents overseeing the highest rates of increase in the deficit.
 
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#320
#320
114VOL said:
I agree. By any known economic certainty, you can't cut taxes and then massively increase spending. Yet that is exactly what we're doing. A few years from now, the middle class will have to bear the burden of this irresponsible fiscal policy Trump and the Republicans have enacted.Virtually every Chairman of the Board/CEO type of our industry leading companies said the tax cut was a bad idea.
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Tax cuts are good. They haven't exacerbated the problem. People tend to spend more (boosting the economy) when they have more money to spend.

Spending cuts would be really good. Both parties suck at cutting spending. It isn't just "Trump and the Republicans."
 
#322
#322
#323
#323
luthervol said:
Auto bailout saved 1.5 million U.S. jobs -study | Reuters

DETROIT, Dec 9 (Reuters) - The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday.
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So, you think that the doors would have shut and 1.5 million jobs would have been lost in a structured bankruptcy?
 
#325
#325
114VOL said:
I agree. By any known economic certainty, you can't cut taxes and then massively increase spending. Yet that is exactly what we're doing. A few years from now, the middle class will have to bear the burden of this irresponsible fiscal policy Trump and the Republicans have enacted.Virtually every Chairman of the Board/CEO type of our industry leading companies said the tax cut was a bad idea.
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That’s why they’re taking a principled stand and paying 35%. Lol.
 
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