Archive for the ‘National Debt’ Category

NO JOE, THERE WAS NO ECONOMIC BOOM UNDER OBAMA

Wednesday, October 21st, 2020

 

BOSTON HERALD
No, Joe, there was no economic boom under Obama
By Stephen Moore  Stephen Moore is a senior fellow at the Heritage Foundation.   October 17, 2020
 

The great Jackie Gleason once said, “The past remembers better than it lived.” And so it is, apparently, with the Obama years.

There was no economic “boom” as Joe Biden and Kamala Harris are misremembering. This was an economy that skidded into a financial ditch and seemingly never pulled out of it and got back on the prosperity hot lanes until Donald Trump won the election in November 2016.

You can mark the real recovery — an economic inflection point almost the day after that surprise election outcome.

Every liberal forecaster and most academic economists had guaranteed America that, if Trump were elected, the stock market would crash; workers would be flattened; and, as New York Times economist Paul Krugman famously predicted, the economy would “never” recover.

Instead, the Dow Jones Industrial Average soared by 257 points the morning after the election (that’s some crash), and it rose for the next three years, as it has again over the last several months. A few days after that election, small-business optimism surged by its most considerable amount ever measured, going back many decades. Family incomes surged to record-high levels in 2017, 2018 and 2019 as deregulation and tax cuts fueled a powerful engine. In three years, ordinary people had made more income gains than in eight years under the Obama-Biden administration.

But now we are being told a fairy tale that the Obama economy was booming and Biden miraculously fixed it and Trump “blew it.”

Here’s the reality check. Under Barack Obama, the economy barely grew 2% — rather pathetic for a “recovery.” The people who made the preposterous bullish claims that Obama saved the economy are the ones who now say the Biden economic plan will gain millions of jobs.

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YOUR LIFE SAVINGS ARE AT STAKE !

Thursday, October 1st, 2020

 

This is the bottom line for many Americans in how they vote !  Nancy
THE WALL STREET JOURNAL

The Trump-Biden Stakes: Your Life Savings

Millions of Americans have 401(k)s, making high stock values a boon for Main Street—even in Scranton

By Grover Norquist    Mr. Norquist is president of Americans for Tax Reform.
 October 1, 2020
EXCERPT FROM THIS ARTICLE:  There is no idea proposed by the Democratic Party that will increase the value of your savings.

In Tuesday’s debate, President Trump mentioned his greatest gift to the American people—but if you blinked you might have missed it. “When the stock market goes up, that means jobs,” he said. Then he added, crucially: “It also means 401(k)s.” That point hits home among the millions of Americans with savings in a tax-advantaged investment vehicle, who watched their retirement funds rise in the prepandemic stock surge.

On stage, Joe Biden had nothing to say to this point. But in a Pennsylvania town hall this month, he pooh-poohed the stock market as a concern only of the distant rich. “All that Trump can see from Park Avenue is Wall Street. All he thinks about is the stock market, and telling them, ‘We’re going to do all right, everybody owns stock.’ How many of you all own stock in Scranton? In my neighborhood in Scranton, not a whole hell of a lot of people own stock.”

Mr. Biden’s critique might have made sense when he began his political career. But today, more than 100 million Americans save in 401(k)s, up from 19 million in 1990, along with many others using individual retirement accounts, 403(b)s and 529 college savings plans. And this growing “investor class” is increasingly aware. They receive frequent reports and can check their statements online anytime to see how their savings have grown, fallen or rebounded. They watched the Trump presidency drive up the value of their life savings.

“Wealth” is a slur to the left. Yet if you ask ordinary Americans not about their “wealth” but about their savings in a 401(k) or IRA, many can tell you its value to the penny. Skeptics argue that the market’s performance matters only to investors with the biggest stakes, but that argument gets things backward. Younger Americans, just beginning to save in an IRA or 401(k), have an even greater interest in pro-growth economic policies. They have more years to reap the benefits.

President Trump’s tax cuts, deregulation, energy policies, and appointment of self-restrained judges have put Americans on a faster course toward savings growth. On Election Day 2016, the last day when many Americans and Wall Street believed that we would be living under Obama-style economic policies, the S&P 500 stood at 2140. By this February, after three years of President Trump’s policies, the S&P peaked at 3385 right before the Covid shutdown—an increase of 56% since Mr. Trump was elected.

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VIDEO – MICHIGAN REPUBLICAN CONGRESSMAN EXPOSES DEMS’ BILL TO GIVE MONEY TO RUSSIA, SYRIA, AND IRAN

Wednesday, September 9th, 2020
Michigan Republican Congressman Bill Hulzenga discussing why Democrat leadership is taking a vote on a bill meant for OUR military and injecting orders for the IMF to pay 3 TRILLION dollars to Russia, Syria, and Iran!

 

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WHERE DID THE STIMULUS $$ GO?

Wednesday, August 12th, 2020

 

Thanks to Dee Sams for sharing this information with us on where the stimulus money actually went.  Thankfully, President Trump stepped in to stop more stimulus madness by issuing executive orders to get money directly to the people instead of letting Pelosi throw more “borrowed” money to her political plums.  Nancy 

Sickening – and now they want to spend (Republicans: over 1 Trillion) and (Democrats over 3 Trillion!). Stop “helping” us and just let us go back to work 100%. If we keep this up, we will crash the Dollar, and all loose huge amounts of our savings and spending power – terrifying!!!  Dee Sams

Subject:: MISSING: 96%!

Read it and weep!

www.congress.gov/bill/116th-congress/house-bill/748/text

Text – H.R.748 – 116th Congress (2019-2020): CARES Act | Congress.gov – Congress.gov | Library of Congress

Text for H.R.748 – 116th Congress (2019-2020): CARES Act

www.congress.gov

MISSING: 96%!

 Hard to believe, but look it up on Congress website for HR 748 from 116th Congress.

American population: 330,483,530

Stimulus bill: $2,000,000,000,000

Dividing the cost by every person in America is $6,051.74

The government could have given every person over $6,000, but instead will give $1,200 to each adult under a certain income.

Want to know where the missing 96% of your tax dollars went?

$300,000,000 for Migrant and Refugee Assistance pg 147 (a Democrat political plumb required for Pelosi to agree to support the bill)

$10,000 per person for student loan bailout (Another Pelosi political plumb)

$100,000,000 to NASA, because, who knows why

$20,000,000,000 to the USPS, because why the hell not

$300,000,000 to the Endowment for the Arts – because of it (Another Pelosi political plumb)

 

$300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing (Another Pelosi political plumb)

$15,000,000 for Veterans Employment Training

$435,000,000 for mental health support

$30,000,000,000 for the Department of Education stabilization fund/ because that will keep people employed (Another Pelosi political plumb)

$200,000,000 to Safe Schools Emergency Response to Violence Program (Another Pelosi political plumb)

$300,000,000 to Public Broadcasting / NPR has to be bought by the Dems (Another Pelosi political plumb)

$500,000,000 to Museums and Libraries / Who the hell knows how we are going to use it (Another Pelosi political plumb)

$720,000,000 to Social Security Admin / but get this only 200,000,000 is to help people. The rest is for admin costs

$25,000,000 for Cleaning supplies for the Capitol Building /  it’s on page 136

$7,500,000 to the Smithsonian for additional salaries

$75,000,000 to the JFK Center for performing Arts – It then gave $25,000,000 to the DNC (Another Pelosi political plumb)

$25,000,000 for additional salary for House of Representatives – Democrats fought any increase in social security, but give themselves a nice fat raise (Another Pelosi political plumb)

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