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  #21  
Old 09-15-2018, 02:23 PM
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CdrMike CdrMike is offline
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Originally Posted by Trish View Post
I've never claimed to be a progressive. I am, and have long been, a conservative. A conservative who is also a DEMOCRAT, which is what you called into question. Keep up please.
A Democrat who is basically opposed to everything the party now stands for. Got it.
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  #22  
Old 09-18-2018, 08:23 AM
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Originally Posted by rcclydeinside View Post
The assumption being that the stock market "going up"
and the rich getting even richer makes for a "good economy".

It doesn't. The current boom has nothing backing it up except
loads of phony cash and tax breaks which have almost all gone
to the top 1% (again). Most of the money that should have been
tax money is not being re-invested in R&D, job training or higher
wages. Rather, it is being used to compensate executives and to
buy back and retire stock. Neither of those practices benefit anyone
other than the investment class. Meanwhile, minimum and other wages
stagnate, and the last quarterly report on the US economy shows that
workers actually lost earnings relative to inflation. There is no "good economy".
There is only another boom, and when is the last time one of those ended well?

As to trumP's unpopularity: Fvck him. He's earned it.
Those multi-thousand-dollar checks were crumbs! CRUMBS, I tell you!!
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  #23  
Old 09-18-2018, 08:25 AM
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Originally Posted by CdrMike View Post
A Democrat who is basically opposed to everything the party now stands for. Got it.
I'm delighted to hear that you'll be going out of your way to oppose Phil Bredesen for Senate.
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  #24  
Old 09-18-2018, 02:47 PM
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Originally Posted by First Man View Post
Those multi-thousand-dollar checks were crumbs! CRUMBS, I tell you!!
Wow, a one-time bonus that means you're not seeing a raise that year. How generous!

Meanwhile:

Quote:
S&P 500 companies rewarded shareholders with $384 billion worth of buybacks during the first half of 2018, according to a Goldman Sachs report published Friday. That big bonanza for Wall Street is up 48% from last year and reflects spiking profitability thanks to corporate tax cuts and the strong US economy.

But that doesn't mean companies aren't spending on job-creating investments, like new equipment, research projects and factories. Business spending is up 19% — it's just that buybacks are growing much faster.

In fact, Goldman Sachs said that buybacks are garnering the largest share of cash spending by S&P 500 firms. It's a milestone because capital spending had represented the single largest use of cash by corporations in 19 of the past 20 years.
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"Thank God we live in a world where suspicion alone does not constitute a crime." - Yuri Orlov, Lord of War

"Be normal, and the crowd will accept you. Be deranged, and they will make you their leader." - Christopher Titus

"But the tale of humanity will never come to a close, for the struggle of survival is a war without end, and war...war never changes." - Narrator, Fallout 3
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  #25  
Old 09-18-2018, 07:50 PM
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Estimates show for every $1,000,000,000 in tax cuts, there will be $800,000,000 in
increased executive compensation, largely via stock buy backs and stock retirement.

Meanwhile, wages for the working classes are not keeping up with inflation,
and most of the corporate tax cut money that was re-invested was re-invested
in increased automation, plant closures and re-locations. But people never learn.

They will cut their own throats if you scare them enough.
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  #26  
Old Today, 09:58 AM
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Quote:
Originally Posted by CdrMike View Post
Wow, a one-time bonus that means you're not seeing a raise that year. How generous!
Wages are on the rise, and most employees who got a bonus also got a raise. I did. Didn't even have to ask for it.
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