CNS: Commenting on the U.S. economy under the Trump administration, pollster and political strategist Frank Luntz noted that many critics back in 2016 said the goals Trump set were impossible, but today, he added, “is the strongest economy in all of our lives that we’re having right now.”
Speaking on CNBC’s Squawk Box on Friday, Luntz said, “We have a lower unemployment rate among African Americans than at any time they started measuring this.” read more
It’s a real dial-twister!
The Obama economy…..who’d a thunk?
I can hear him now….”You didn’t do that…I did that!!”
Just remember, his name rhymes with dunce.
For an even better economy, vote for….
Candidate Yang’s Freedom Dividend.
This is proposed to give every American over 18, $12,000 a year ($1,000 dollars every month), but does not say for how long. Note: does not mention whether the persons receiving this “Freedom Dividend” is a U.S. citizen or not. Take a guess, why? It is based on assuming future automation technologies replacing future employment resulting in many people being out of work, with no mention about who will repair and maintain these new technologies.
According to the US Census’ latest figures (2010), there were 299,398,484 Americans over the age of 18. Presumably, there are more Americans today than in 2010. So, for simplicity’s sake (missed persons during last census, more people over 18 in 2020, etc.), let’s just round this figure off to 300,000,000 Americans over the age of 18 today.
OK. Now:
3,000 equals 3 thousand (3, plus three zeros).
3,000,000 equals 3 million (3, plus six zeros); and,
3,000,000,000 equals 3 billion (3 plus nine zeros).
3,000,000,000,000 equals 3 trillion (3 plus 12 zeros).
3,000,000,000,000,000 equals 3 quadrillion (3 plus 15 zeros).
If we multiply $12,000 times 300,000,000 we get:
3.600,000,000,000, or 3.6 trillion dollars (4 – rounded – plus 12 zeros) per year that would be owed.
Where is that going to come from?
After 4 years in office, it would be 1,440,000,000,000,000 (quadrillion) dollars (1,440 plus 12 zeros). .
After 8 years of presidency, it would be 2,880,000,000,000,000 (quadrillion) dollars, 2,880 plus 12 zeros, or 3 (rounded) plus 15 zeros.
Where would the money come from unless the government taxed every person over the age of eighteen, plus business and industry (which essentially is passed-through to the citizens) a combined equivalent of $1,000 per capita per month for 8 years?
Yang is so SMAHT that he is unable to calculate out the ramifications of his scheme on his “Freedom Dividend”. This is not Freedom. It is debt slavery into debtor prison for generations to come, until our country goes bankrupt and then sold to the highest bidder for pennies on the dollar.
Should have taken (and passed) some relevant math and economics courses before running for president, Twang!
He also states that this “Freedom Dividend” would grow the economy to 2.5 Trillion (3 rounded, is 3 plus 12 zeros) by 2025.
Hokey Dokey!
That means he has already given away from his imaginary free-money tree, in the year 2025, 1.8 quadrillion dollars! This assumes that the money is not horded, used under the table in illegal activities, such as, drugs, or off-shore accounts or lost, etc., which does not enter the economy.
I got a better idea! Why not reduce taxes by $1,000 a month for everyone over 18 and is a legal citizen. Even better, move to China, Cuba, Venezuela, et al., and run for the highest office with that scheme.
What goes up must come down though. Everything is fake now. I watch my company’s stock go through the roof when our earnings are lackluster. I watch our stock sink when we revise our sales forecasts higher.
The non-asset backed student loan crisis, the car note crisis, a housing valuation bubble that is rivaling 2008. Not to mention the proliferation of day traders, computer program trading that can trigger flash crashes and on and on.
I’m extremely conservative in my investments and I would not be shocked by a 60+% decrease in where we are today at some point in the next 2-3 years.
At some point, Wile E. Coyote looks down and holds up a “yikes” sign.
What? Matt Drudge says the economy is tanking under Trump.
Antidote,
It also rhymes with “Struntz”
Fedup: Matt Drudge doesn’t report news. Drudge only “reposts” daily news from other sources. That doesn’t mean he condones the message. His web site generally has both sides of the issue based on the daily flow.
“3.600,000,000,000, or 3.6 trillion dollars (4 – rounded – plus 12 zeros) per year that would be owed.
Where is that going to come from?
After 4 years in office, it would be 1,440,000,000,000,000 (quadrillion) dollars (1,440 plus 12 zeros). .”
3.6 trillion x 4 = 14.4 trillion, not quadrillion. But you point is well taken.
@F4UCorsair
You are absolutely correct.
Thanks for the re-calculation and that’s why I no longer consider even running for any office anymore. But, it was convincing enough for my sister to immediately change her mind in considering Yang over Trump only over this stupid issue alone.
Thanks, again.
Drudge retired after being been paid off by the Left.