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Gee week starting off on a good foot
After trade war, tariffs, tax cuts.....we get
Ford laying off 7k workers
https://apnews.com/0036437d785c483fb40c8a7dbe5a22d0
I guess its better than the 14k GM laid off 6 months ago.
Capital spending way down from last year
https://www.wsj.com/articles/big-com...s&page=1&pos=8
Down to 2.7% from 5.4% last Quarter and down 16% from a year ago.
Some of the biggest winners from the Tax Cuts who got more than a billion dollars in savings are cutting back.
The top 10 invested 6% less this quarter.
This includes Apple, ATT, Verizon, Caterpillar, Google, etc
Examples:
Caterpillar 547 million from 757 million
Google 4.6 billion 33% decrease
Apple Spending fell 1.8 billion
Fedex 1.1 billion from 1.4 billion.
Seems just like those pesky raises and bonuses that disappeared in year 2, so does the capital spending bump...shocking no one.
Guess this just means more stock buybacks
Recent Forum Posts
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2019-05-20, 06:09 PM #19361Old God
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2019-05-20, 06:24 PM #19362The Lightbringer
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But I thought that trickle down and all that was a legitimate economic model? Guess companies having more to spend doesn't mean they will spend it, who would have thought!
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2019-05-20, 08:55 PM #19363Moderator
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https://www.bloomberg.com/news/artic...-with-congress
More info coming, but a judge just ruled against Trump in his fight to protect his financial records from legal Congressional requests.
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2019-05-20, 09:04 PM #19364I am Murloc!
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Beat me to it. One of the important things is the judge will not stay the decision so that Trump and the Trump org can appeal. We should see documents soon.
Originally Posted by Edge-
This is also super significant because it sets precedent that should be used for almost all of the current congressional subpoena battles.Last edited by kaelleria; 2019-05-20 at 09:08 PM.
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2019-05-20, 09:10 PM #19365The Undying
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Nice find. Fantastic ruling. Originally Posted by Edge-
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Great point about the stay. Means Treasury has to produce even if the ruling is appealed to the Appellate Court (and assuming SCOTUS). Curious to see if the Appellate Court will place a stay upon receipt of the appeal. Wonder how Treasury will respond? Originally Posted by kaelleria
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2019-05-20, 09:46 PM #19366Scarab Lord
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Welp, the Trumpkins won't be happy since their position is that God Emperor Trump is above the law. Originally Posted by Edge-
"If you are ever asking yourself 'Is Trump lying or is he stupid?', the answer is most likely C: All of the Above" - Seth Meyers
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2019-05-20, 09:56 PM #19367Immortal
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http://m.rasmussenreports.com/public...ez_track_may20
Trump favorite poll has him at 44%. So what happened this week lol cause we know rr is also like 5-8 points off?Violence Jack Respects Women!
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2019-05-20, 10:12 PM #19368The Unstoppable Force
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Well you know, when the best economy ever means record farm losses, record car manufacturing losses and still no clean coal, it reflects badly. Originally Posted by ViolenceJackRespectsWomen
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2019-05-20, 10:17 PM #19369The Undying
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It goes to the D.C. Appellate Court, and from there to SCOTUS. Originally Posted by Vegas82
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2019-05-20, 10:27 PM #19370Scarab Lord
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I'm pretty sure Rasmussen hasn't been anywhere near accurate since like 2000. You could literally see them skew as their website changed, and they filled up with banner ads for like, catheters, and buying gold coins, and doomsday prepper bags, and chicken bone milkshakes. Originally Posted by ViolenceJackRespectsWomen
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2019-05-20, 10:33 PM #19371I am Murloc!
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Scott Rassmussen hasn't been with Rassmussen since 2013. He now works for HarrisX. When your president and founder has no faith in your results and business practices, you've got a problem. Originally Posted by Polyxo
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2019-05-20, 11:15 PM #19372Herald of the Titans
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Probably my top 2 moments from the article was 1. Trump's lawyer having no answer for how his claims that the House has no right to investigate the President has any standing with precedents like Watergate and Whitewater. Then 2. was the Judge saying it is unfathomable for Congress being able to remove a President for reasons leading up to criminal behavior is unable to investigate said criminal behavior. Originally Posted by Edge-
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2019-05-21, 12:41 AM #19373Old God
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Rasmussen called it for Hillary in both popular and EC.. in their editorial. Originally Posted by Polyxo
..but that has since been scrubbed from their web site and they just left old polls.
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2019-05-21, 01:28 AM #19374Herald of the Titans
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and pushed his brother's family from their inheritance WHILE they had a sick kid that was accruing medical bills Originally Posted by pathora44
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2019-05-21, 01:55 AM #19375Bloodsail Admiral
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That just proves how good of a republican politician he is. Can't be giving money to sick kids. Originally Posted by D Luniz
Well at least they're being honest now. Originally Posted by Knadra
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2019-05-21, 02:13 AM #19376Titan
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https://twitter.com/Eugene_Scott/sta...334577152?s=19Justin Amash on the Tea Party: “It turns out a lot of them were not in favor of limiting the size of government, they were just opposed to the president at the time.” https://t.co/ASwIsIaeOQ
Sort of a "No sh*t Sherlock" statement. Some Never-Trumper have also stated this but we knew.
https://www.people-press.org/2019/05...the-tea-party/Trump’s Staunch GOP Supporters Have Roots in the Tea Party
So no surprise that Tea Party members are staunch Trump supporters. I'm sure Trumpkins/Tea Party are going to say it all about the 'gubbberment'. But this is bs it was always about Obama and you all know why. Trump just stirred up more nationalism, xenophobia and racism.Democrats are the best! I will never ever question a Democrat again. I LOVE the Democrats!
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2019-05-21, 02:33 AM #19377Moderator
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The irony of it all being that Amash is/was once apparently a Tea Party darling. Originally Posted by Shon237
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2019-05-21, 02:36 AM #19378The Undying
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And might be running for President. Why Trump should be worried about Justin Amash Originally Posted by Edge-
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2019-05-21, 02:47 AM #19379Titan
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Yes he was one of the initial tea party politicians and he is incredibly far right wing. His vote score has gone down with some groups because he doesn't like Trump, but that doesn't mean his politics have changed. Originally Posted by Edge-
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2019-05-21, 02:47 AM #19380Titan
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Umm yeah, about that. Originally Posted by Edge-
JUST IN: House Freedom Caucus votes to condemn Justin Amash over Trump impeachment call https://t.co/8BtEPs8a93 https://t.co/bQHmkJE3ckDemocrats are the best! I will never ever question a Democrat again. I LOVE the Democrats!
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