Corporate profits are high. The stock market is doing great. Corporate cash reserves are high. Borrowing costs are low. If businesses want to invest, they either have or can easily get the money to do so. 2/x
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Here's a graph of private investment in the United States. As you can see, it's headed steadily upward since the end of the last recession, with a slope that rises as fast, or faster, than past expansions. 3/xpic.twitter.com/lVrqbzdMEz
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Look at investment at the beginning of the 1980s. The slope is much lower. Almost flat. That's what it looks like when there's not enough investment. At that time, improving the incentives to invest by cutting corporate and upper income taxes makes sense. 4/xpic.twitter.com/7VeuHMWipC
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If businesses see an opportunity to make more money, they have enough money to invest. If they're not investing, it's because they don't see a good opportunity. Which means giving them more money won't get them to invest more (as the CEOs, to their credit, admit). 5/x
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Whether the Republican Congress understands this or not, their bill won't do much for economic growth. It will, however, result in people who currently have a lot of money getting a lot more money. And to accomplish this, it'll require sacrifices from everyone else. (END)
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Poor Gary Cohn. Doesn't he have enough money yet? Just resign and go have a life. Trump hates Jews and is bigoted toward them. Self respect man, self respect.
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At least they told the truth.
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No, it isn’t.
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maybe of they were suffering financially... but they are sitting on record profits... companies and stockholders alike!!!!!!!!!!!!!!!!!!!!!!!
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