You reinforce my point. Only thing you’ve got are insults. Period. The results of Trump’s policies are everywhere... except in your brain.
REALITY :
ITEM 2: CNBC reported, "President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors.
"The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group dating to 1928.
"The bellwether index gained more than 28% this year, well above the average 12.8% return of year three for past U.S. presidents."
We measure presidential stock markets from Election Day to Election Day because the market reacts news that affects the future. Stock brokers do not wake up on Inauguration Day and say, oh, we have a new president.
ITEM 3: Bloomberg News reported, "Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday.
Even so, the total remains well short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax law. The flow rose to $95.3 billion in the third quarter from a downwardly revised $70.4 billion in the previous three months, according to Commerce Department data, reaching a total of $1.04 trillion since the end of 2017."
Only a trillion?
Only?
A year ago, the "nonpartisan" Institute on Taxation and Economic Policy said, "A new Morgan Stanley report estimates that U.S. companies repatriated between $50 billion and $100 billion of offshore cash in the third quarter of 2018. This means companies have brought back about half a trillion dollars in 2018, far short of the $4 trillion that President Trump claimed corporations would repatriate very shortly after his tax cuts. The stated goal of the tax law’s repatriation tax holiday is domestic jobs creation and capital investment, but the meager findings of this latest report suggest this objective is unlikely to bear fruit."
A half-trillion here, a half-trillion there, and in 8 years you have $4 trillion.
What am I missing? |
