Pasayten's Methow Valley Bulletin Board

mister_coffee wrote: Fri Sep 27, 2024 4:59 pm I want to know in what universe a 10% credit card interest rate cap makes sense. And to me it sounds pretty socialist.

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In the same universe where economic illiterate boneheads like Fatso believe that a 20% tariff is NOT going to end directly in the laps of the end consumer.
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Best word salad yet.

Typical example of a Trump non answer:

'What actions will you take to ensure that our jobs stay in America so we can continue to build the best cars in the world here in Michigan?
“So pretty much as we've been saying, and what I want to do is I want to be able to...Look, your business, years ago in this area, I was honored as the man of the year. It was maybe 20 years ago. Oh, and the fake news heard about it. They said, it never happened. It never happened. And I didn't know who it was. It was a group that honored me as man of the year.
The fakers back there, is he the fake news? But they said. They said, oh, and they looked and it, you know, they said it never happened. But I said, I swear to you, it happened. It did happen. I was man of the year.
And I came and I made a speech and I said, why do you allow them to take your car business away?
Why do you allow it to happen? They're taking your business away.
And I didn't know too much about it. All I know is they were taking your car industry away from you. They said it never happened. And lo and behold. Somebody said, I remember the event and then we found out that we had everything. We got the awards, we had everything. It did happen, but I gave a speech which at the time was pretty controversial.”

I want to know in what universe a 10% credit card interest rate cap makes sense. And to me it sounds pretty socialist.

Thanks for the clarificaton.

Every thing depends on if Harris/Walz win and the Dems get majorities in the House and Senate. Trump's legislation ends the end of 2025. Other things can and will be implemented but the success of getting legislation passed is entirely based on who wins and by how much in Nov
Background:
https://www.cbpp.org/research/federal-t ... to-deliver

So does that corporate tax breaks Trump did for the Corps have to expire before anything can be done? It's not Kamala's fault if her hands are tied, is that correct?

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Give up RB….trying to debate with chowderheads who have neither the ability - nor desire - to grasp fact or basic economic concepts is pointless.

Anyone whom believes the snake-oil FATSO is selling - like ‘other countries will pay the 20% tariffs’ is completely without basic understanding of facts. And are willing to believe anything that conforms to their fantasies.
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The Biden admin is 'doing it now' we have a healthy economy. When Trump corp tax breaks that benefitted the rich but not the middle class expires next year Harris wants to introduce legislation that will make them pay their fair share. She will include in that, as her papers state, a price gouging set of legislation that will target the many businesses that have forced Americans to pay too much.

If Trump gets it we'll see a 'never mind' administration that will again reward the rich. If you vote for Trump you'll be saying it's ok to see groceries, lumber, cars and more be jacked up and you'll be saying you're ok with paying the 20% more for things because of Trump's tariffs.

Your side always says that same crap, ‘make corps (rich people) pay their fair share’ it NEVER happens! Corporations just pass on higher taxes because it’s essentially a line item expense for them and rich people will just hold back their money or spend it elsewhere where it goes farther. If Kackles has any sort of idea about anything economic she should do it now while she’s in office and show us all now.

Questions answered about the Harris/Walz economy
https://www.investopedia.com/kamala-har ... an-8700945

https://kamalaharris.com/wp-content/upl ... tunity.pdf

Her position papers lay it out pretty clearly and she did lay out how she'd pay for the tax credits for young families. When Trump cut the tax rates on high income individuals and corps the govt immediately saw a drop in revenue that affected the overall economy and created more debt. If you want a small footprint by corps in our govt then I'm sure you're on same page as Harris that you want the corporations to pay their fair share of taxes rather than putting the burden on the middle class. But with Trump just the opposite happens.

Trump has not given any answers on these same questions. None. As she pointed out, he doesn't understand how tariffs work and how they would pump up the cost of living for middle America.

Watch the interview.

Sorry but to me need more clarification on how she plans to do some of these things, will it be by Government control? Sounds like socialize to me.
We need a Smaller federal Government with less government control and a government that is run by the people not big businesses that are making members of Congress multimillionaires after a few terms. i.e. Newhouse went to Congress with networth of 2 mil currently worth 19 mil on a salary of 175k per year. Insider trading? Buy off from lobbyists? These question needs answering by all Members of Congress, BOTH houses

https://www.youtube.com/watch?v=36ovmQj7gbQ

Cliff Notes version:
—Support domestic manufacturing in strategic industries through new America Forward tax credits (including small businesses)
—Double the number of registered apprenticeships in America and help promote meaningful pathways to jobs that don’t require 4-year degrees
—Stand up to countries like China when they threaten American workers by engaging in unfair trade practices
—Crack down on counterfeit and unsafe goods from China to protect American small businesses and consumers
—Invest in R&D for critical industries to ensure the United States maintains its lead
—Support American-made products by enforcing Buy America requirements
—Incentivize domestic processing of critical minerals for manufacturing
—Protect affordable health care premiums (that were lowered by an average of $800 a year for millions of Americans)
—Cap the cost of insulin at $35 for all Americans
—Cap out-of-pocket prescription drug costs at $2,000 a year for all Americans
—Lower prescription drug costs by accelerating Medicare price negotiations
—Relieve medical debt for millions of Americans
—Call on Congress to pass the first-ever federal ban on price gouging on food
—Invest in building resilient food supply chains
—Give small businesses, grocers, and growers the support they need, revitalizing a competitive marketplace to lower prices for consumers
Feel free to share the above points with anyone who says they don’t know what Harris’s ideas or plans are. They are real, they are specific, and they are supported by leading economists.