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scotts

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Thursday, May 22, 2025

Amazon CEO Andy Jassy told shareholders during a virtual meeting Wednesday (May 21) that the tariffs the President Donald Trump administration imposed on imported goods have not affected sales. "We also haven't yet seen any meaningful average selling price increases," Jassy said, according to a Wednesday Reuters report. "When you have 2 million sellers, they're not all going to take the same action." read more


WASHINGTON (AP) " The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy. Applications for jobless benefits fell by 2,000 to 227,000 for the week ending May 17, the Labor Department said Thursday. That's pretty close to the 230,000 new applications analysts forecast. read more


Tuesday, May 20, 2025

The number of OnlyFan creators in 2020 was ~450K. By the end of 2024, that number had risen to over 4M with about 50% of them in the US. So, while the US jobs market and real economy suffered under Biden's incompetence - the jobs for sex workers (both male and female) boomed. This was fueled by a huge demographic of incel liberals unable to meet women in the real world due to social anxiety, fear of catching covid, and their grotesque physical appearances and personalities.


For generations, colleges around the U.S. fueled local economies, creating jobs and bringing in students to shop and spend. read more


Thursday, May 15, 2025

WASHINGTON (AP) " U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump's sweeping taxes on imports. The producer price index " which tracks inflation before it hits consumers " fell 0.5% last month from March and rose 2.4% from April 2024, the U.S. Labor Department reported Thursday. read more


Comments

"So if inflation is 3%, that's 1% in real increase, correct?"

As I already stated, we are now dealing with Trump level inflation so we can assume 2% annual. The Biden inflation is behind us.

"much higher growth that will occur with the tax cuts and other policies."
Growth? Based on higher unemployment and loss of government revenues and services?!?"

You -------- scream until you are blue in the face that poor people spend all their money so any additional money in their pockets directly spurs economic growth. Did you forget that already -------? As a result of working class people getting more money in their pockets due to reduced taxes on tip and OT, it will spur the economy. As to the 'lower government revenues' - NO - in both absolute and inflation adjusted terms, the US government is COLLECTING MORE IN TAXES compared to the baseline year of 2024.

"Well, since you won't say if you're FOR or AGAINST borrowing trillions and trillions for tax giveaways
#40 | Posted by Danforth"

Well, for starters - your question starts with a false assumption. We are not borrowing a dime due to the tax cuts because our revenue is increasing. We are borrowing due to out of control spending. And as we have seen time and time again - giving the government more revenue DOES NOT lower the deficit - it just encourages the useless government to accelerate their pace of spending.

Since the year 2000 - US government spending has been about 1.5% higher than inflation EVERY YEAR - and yet, our deficits only balloon out of control due to liberal spending.

"So are you coming out foursquare against this NEW BORROWING or not?
#32 | Posted by Danforth"

I support corporate tax rates of 20%, I support tariffs to protect our jobs, I support eliminating taxes on tips and OT - hell, I support eliminating income taxes on people making under $100K/year. But, I would actually raise the top marginal tax rate. I would eliminate estate planning loopholes - which is the real way the billionaires escape 'paying their fair share'. I am not against maintaining the current level of revenue or even increasing it slightly.

But what we truly need is a massive gutting on the spending side and this included the DoD, USAID, DoE, and eliminating most - if not all - of the 3-letter agencies. I believe credit card rates should be capped at 18%, I believe the US government and state governments should restore spending to higher education with the caveats that 1.) tuition increases can only increase at the rate of inflation and 2.) programs reformed to offer a better ROI with certain programs ineligible for fed subsidized student loans. I believe that the AMA needs to be 'trust busted' to lower the costs of attending medical school and increase the number of talented people that are discouraged due to the residency programs (which amount to hazing) and the huge financial burden. I believe that race and gender should play ZERO role in hiring decisions. I believe that the government should set pharmaceutical prices indexed to what other countries are paying. I believe the government should offer some base form of universal healthcare (minimal level of service) and private insurance would more or less equate to disaster insurance. I believe that insurance should not be able to exclude people based on pre-existing conditions. I believe that there should be ZERO cash-assistance for able-bodies people. EBT should be eliminated replaced by government cheese and food distribution.

So, this is what I believe. I think it places me firmly in the policies of a 1990's era Democrat - because that is what I am. It is just the 1990's eras Democrats are considered MAGA because the 2025 Democrats have gone insane.

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