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Non-Tech : Kirk's Market Thoughts

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3:59 PM EST

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To: robert b furman who wrote (13619)	5/7/2022 11:21:42 AM
From: Kirk ©	Read Replies (1) of 26862

What can I say? The deficit is also up significantly over March 2020 and up even more over March 2019. This guy has lying with statistics down to an artform. You still can't get the blue state, liberal papers to say Trump actually raised tax revenues overall by making the US a better place for corporations to operate with lower corporate taxes and paid for it by eliminating deductions for State Taxes which are very high in those blue states where it effectively raised our taxes. As for oil sales from the SPR... I'm not an expert but it might 30 days x $100/barrel x 1M barrels/day = $3B... down in the noise of a $192B monthly deficit. I also think that would move from "inventory" to "spending" and not change GDP.

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