Political Roundtable Part XX

[stilldropin20]

So remember when i said over a year ago that Obama, Lynch, Comey, Mccabe, HRC, the DNC, and multiple other law enforcement and democratic leadership all conspired to surveil a political opponent (Donald Trump). Yeah me too. Yeah, i was right. Again.

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It's both horrifying and fascinating to watch as Republican enablers, continue to create their own alternate reality/conspiracy from existing facts. Now George Papadopoulos is a fricking PLANT!?!?...and this get's tweeted by POTUS? Unbelievable.

stefen halper

[dckingsfan]

Looks like capital spending by S&P 500 companies is expected to rise 24% in first quarter... so at least one part of the tax overhaul is working...

Too bad the other aspects were so poor.

well, the devil is in the details. tech companies are driving a bulk of the capex spending, which is good for that particular industry. Everywhere else has been flat at best.

Actually, it has been pretty much across the board.

What you are seeing also is much of the money coming back overseas from Alphabet, Apple, etc. being reinvested and driving
Information technology capex spending.

But capex spending on Health care and related products, Energy and related products, Financial products and Material production seeing very healthy growth.

Don't get me wrong - the tax bill wasn't a net positive. But we shouldn't overlook one of the good things that came out of the tax bill.

[dckingsfan]

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What a genius

And if he was a reader of history (pretty sure he doesn't read at all now) - he should know that he is almost out of time - after getting very little done.

[closg00]

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Another shoe is going to drop on Trump corruption, the missing Cohen suspicious activity report is most-likely going to be tied to:
1. Pay-offs to more women
2. A large deposit which can be traced to a foreign actor or other pay-to-play actor

Is the FBA investigating the missing SAR?

[stilldropin20]

anybody else find it interesting that a progenitor of the scottish lineage Robert The Bruce is about the marry a progenitor of the germanic King George?

[stilldropin20]

Looks like capital spending by S&P 500 companies is expected to rise 24% in first quarter... so at least one part of the tax overhaul is working...

Too bad the other aspects were so poor.

well, the devil is in the details. tech companies are driving a bulk of the capex spending, which is good for that particular industry. Everywhere else has been flat at best.

Actually, it has been pretty much across the board.

What you are seeing also is much of the money coming back overseas from Alphabet, Apple, etc. being reinvested and driving
Information technology capex spending.

But capex spending on Health care and related products, Energy and related products, Financial products and Material production seeing very healthy growth.

Don't get me wrong - the tax bill wasn't a net positive. But we shouldn't overlook one of the good things that came out of the tax bill.

I read your posts for over a year. Your only real gripe with the tax bill was the tax break to wealthy corporations? But it was this tax break to the corporations like Apple that brought their money back from oversees and re-invested in themselves here in the continental US, and invested back into US markets and pay their taxes in the US instead of Ireland.

Or am i missing something? What else was so bad about the tax bill? Besides big business getting too much of a break and the carve outs and loopholes that are NOT addressed?

Taxes got lowered for everyone. Especially small business owners who employ half of the entire US populations and have been slammed by the Bill Clinton and Barrack Obama tax policies in favor of the much bigger corporations. These tax plans are what lead to the Walmart(s) and red lobster(s) of the world taking over retail and food service industries over mom and pop local businesses. Where mom and pop would sponsor many things like youth baseball, gymnastics and such in small communities. Walmart does not. Where mom and pop paid their local taxes, walmart, google, and amazon get 100% tax breaks from from SALT.

IMO, This new tax code begins to re-empower the local small business that we lost over the last 40 years.

[TGW]

Looks like capital spending by S&P 500 companies is expected to rise 24% in first quarter... so at least one part of the tax overhaul is working...

Too bad the other aspects were so poor.

well, the devil is in the details. tech companies are driving a bulk of the capex spending, which is good for that particular industry. Everywhere else has been flat at best.

Actually, it has been pretty much across the board.

What you are seeing also is much of the money coming back overseas from Alphabet, Apple, etc. being reinvested and driving
Information technology capex spending.

But capex spending on Health care and related products, Energy and related products, Financial products and Material production seeing very healthy growth.

Don't get me wrong - the tax bill wasn't a net positive. But we shouldn't overlook one of the good things that came out of the tax bill.

https://www.cnbc.com/2018/05/02/technology-companies-are-driving-a-capital-spending-surge.html

Much of that comes from a 59.8 percent projected growth in investments from information technology companies, the data showed.
Google parent Alphabet and Microsoft accounted for much of the increase, along with spending related to cloud computing and semiconductors, Credit Suisse says.

by the way, growth like this after tax cuts always happens. it happened after the irresponsible bush tax cuts, and it's happening now. once the boom cycle inevitably busts, you'll see these numbers go down drastically.

[stilldropin20]

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[stilldropin20]

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[Jamaaliver]

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One year of Mueller as special counsel, by the numbers

Here is a breakdown of what we know about one year of the investigation under Mueller, by the numbers.

In one year, Mueller has brought charges against 19 people and three companies, including a former White House adviser, three former Trump campaign aides -- including the campaign chairman at the time -- a prominent Russian oligarch and a dozen Kremlin-backed trolls. In all, these defendants are facing a combined 75 criminal charges, ranging from alleged conspiracy against the United States, bank fraud and tax violations to lying to FBI investigators and identity fraud.

Five defendants have pleaded guilty -- most prominently, former national security adviser Michael Flynn and former Trump campaign aide Rick Gates, who are both cooperating with Mueller. Alex van der Zwaan, a Dutch lawyer who pleaded guilty to lying to the special counsel, is currently serving a 30-day prison sentence.

CNN

[stilldropin20]

so remember when i called it obamagate? remember!!!???? #2ndworstpresidentever because no one can be worse that woodrew wilson who sold us out to foreign bankers.

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[stilldropin20]

more "apples" from CNN

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[stilldropin20]

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[montestewart]

anybody else find it interesting that a progenitor of the scottish lineage Robert The Bruce is about the marry a progenitor of the germanic King George?

It's almost too interesting

[stilldropin20]

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[dckingsfan]

well, the devil is in the details. tech companies are driving a bulk of the capex spending, which is good for that particular industry. Everywhere else has been flat at best.

Actually, it has been pretty much across the board.

What you are seeing also is much of the money coming back overseas from Alphabet, Apple, etc. being reinvested and driving
Information technology capex spending.

But capex spending on Health care and related products, Energy and related products, Financial products and Material production seeing very healthy growth.

Don't get me wrong - the tax bill wasn't a net positive. But we shouldn't overlook one of the good things that came out of the tax bill.

https://www.cnbc.com/2018/05/02/technology-companies-are-driving-a-capital-spending-surge.html

Much of that comes from a 59.8 percent projected growth in investments from information technology companies, the data showed.
Google parent Alphabet and Microsoft accounted for much of the increase, along with spending related to cloud computing and semiconductors, Credit Suisse says.

by the way, growth like this after tax cuts always happens. it happened after the irresponsible bush tax cuts, and it's happening now. once the boom cycle inevitably busts, you'll see these numbers go down drastically.

Take a closer look at your article and you will see the increase in spending is widespread - although certainly skewed toward those like Alphabet that had a disproportionate share overseas.

This shouldn't be looked at as bust and boom - rather how do you get companies to invest in their businesses to drive productivity.

You are mixing apples and oranges on the tax cuts. There are business and personal taxes. It has never been shown that personal tax cuts drive the economy - quite the opposite with business tax cuts.

What was irresponsible were the personal tax cuts from both the bush era and trump era bills. It was equally irresponsible when they jacked up the business tax rates.

But you can see how this happens - both the "tax the rich" and "we are going to save you tax dollars" mantras are equally disingenuous.

[stilldropin20]

Actually, it has been pretty much across the board.

What you are seeing also is much of the money coming back overseas from Alphabet, Apple, etc. being reinvested and driving
Information technology capex spending.

But capex spending on Health care and related products, Energy and related products, Financial products and Material production seeing very healthy growth.

Don't get me wrong - the tax bill wasn't a net positive. But we shouldn't overlook one of the good things that came out of the tax bill.

https://www.cnbc.com/2018/05/02/technology-companies-are-driving-a-capital-spending-surge.html

Much of that comes from a 59.8 percent projected growth in investments from information technology companies, the data showed.
Google parent Alphabet and Microsoft accounted for much of the increase, along with spending related to cloud computing and semiconductors, Credit Suisse says.

by the way, growth like this after tax cuts always happens. it happened after the irresponsible bush tax cuts, and it's happening now. once the boom cycle inevitably busts, you'll see these numbers go down drastically.

Take a closer look at your article and you will see the increase in spending is widespread - although certainly skewed toward those like Alphabet that had a disproportionate share overseas.

This shouldn't be looked at as bust and boom - rather how do you get companies to invest in their businesses to drive productivity.

You are mixing apples and oranges on the tax cuts. There are business and personal taxes. It has never been shown that personal tax cuts drive the economy - quite the opposite with business tax cuts.

What was irresponsible were the personal tax cuts from both the bush era and trump era bills. It was equally irresponsible when they jacked up the business tax rates.

But you can see how this happens - both the "tax the rich" and "we are going to save you tax dollars" mantras are equally disingenuous.

should the working poor and working lower-middle class not get a tax break!!!??

they were "making" more money by NOT working and living off of entitlements for decades!! Is that a good thing??

come on. you have to incentivize them to work if you have any chance at fixing the cost drivers of entitlements. This IS how you fix the cost drivers of medicaid, HUD, planned parenthood (which is mostly tax dollars paying for abortions). You put this group TO WORK. You incentivize them to pursue the american dream of owning their own home, a good career (with their own employer paid health insurance-and 401K to fund their own retirement), 2 cars in the driveway, and 2 kids in good schools. Thats the whole point!!!! You miss this everytime. the tax code addresses this!!


Instead of having 2-3 children and living in section 8 housing and spending boat loads on medicaid.

[closg00]

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Deflection, Michael Avenatti is single-handedly kicking the ass of all right-wing media outlets and the WH and they are flummoxed.

[stilldropin20]

"The liberal press is beholden to sources."

as obvious and intuitive as this statement is, for some reason the consumers of the american press just dont seem to fully grasp this concept or rather, grasp it all.

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[stilldropin20]

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Deflection, Michael Avenatti is single-handedly kicking the ass of all right-wing media outlets and the WH and they are flummoxed.

he's a snake oil salesman. Albeit a good one, and so good that he has acquired powerful allies in CNN and Obama holdovers still working at the FBI. He is still nothing more than a snake oil saleman whose client is going to eventually be found guilty of violating a lawful NDA. He will cover her legal expenses if he comfortably can whenever he inks his new TV deal. Or she will simply become road kill. And sue him. guaranteed.