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NGrossman81's profile
Nicholas Grossman
Nicholas Grossman
Nicholas Grossman
@NGrossman81

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Nicholas Grossman

@NGrossman81

International Relations prof at U. Illinois. Senior Editor @ArcDigi. Author “Drones and Terrorism.” Politics, national security, and occasional nerdery.

amazon.com/Drones-Terrori…
Joined April 2015

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    Nicholas Grossman‏ @NGrossman81 19 Dec 2017

    BRACE YOURSELVES LIBERALS The tax plan is deficit-financed stimulus The most visible metrics (GDP, stocks, employment) should improve The negative effects you predict (inequality, middle class tax increases, benefit cuts, rising premiums, asset bubbles) will take time to show up

    5:55 AM - 19 Dec 2017 from Illinois, USA
    • 54 Retweets
    • 70 Likes
    • The DEADline Haunting Yr Dreams What! Me Worry? Michael Esposito Roz Jim Brown skinnygirl2 Michael Potkins Taylor Griffin Jason Francis, LLC
    12 replies 54 retweets 70 likes
      1. New conversation
      2. Nicholas Grossman‏ @NGrossman81 19 Dec 2017
        Replying to @Catfinger77

        Whatever the effect on wages, it won't be clear for a while.

        1 reply 0 retweets 0 likes
      3. Tweet unavailable
      4. Nicholas Grossman‏ @NGrossman81 19 Dec 2017
        Replying to @Catfinger77

        Nah. Wages have been inching up--to be expected with low unemployment--and it will be difficult to isolate the effect of the tax bill. If the bill creates downward pressure on wages, most people won't feel that for some time. Expenses have to go up while wages don't.

        1 reply 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Richard Engel  🦀‏ @engelr412 20 Dec 2017
        Replying to @NGrossman81

        I think every announced stock buyback should be a PR meal for Dems.

        1 reply 0 retweets 0 likes
      3. Nicholas Grossman‏ @NGrossman81 20 Dec 2017
        Replying to @engelr412

        Not sure how popularly resonant that is.

        1 reply 0 retweets 0 likes
      4. Richard Engel  🦀‏ @engelr412 20 Dec 2017
        Replying to @NGrossman81

        i guess it's the job of the pol to make it resonant? 'they promised a corporate tax decrease would mean more jobs, but it only means more for insiders'

        1 reply 0 retweets 1 like
      5. Nicholas Grossman‏ @NGrossman81 20 Dec 2017
        Replying to @engelr412

        That's a pretty good line. I think the strategy's right, but I question the specific of highlighting stock buybacks. Not that many people understand what they signify.

        1 reply 0 retweets 0 likes
      6. Richard Engel  🦀‏ @engelr412 20 Dec 2017
        Replying to @NGrossman81

        i think stock buybacks are an early indicator of something visible that will result from the new tax code and that doesn't benefit the economy and shows where this money is going instead of to fixing things like, say, lead water lines in Pittsburgh.

        0 replies 0 retweets 0 likes
      7. End of conversation
      1. New conversation
      2. Phillip Woodham  🌊  🇺🇸  👊🏻 💪🏻#VetsAgainstTrump‏ @phillip_woodham 19 Dec 2017
        Replying to @NGrossman81

        The negative effects will far exceed any benefits.

        1 reply 0 retweets 0 likes
      3. Nicholas Grossman‏ @NGrossman81 19 Dec 2017
        Replying to @phillip_woodham

        In the long-run, I think that’s likely. But not in the short-run.

        1 reply 2 retweets 2 likes
      4. Phillip Woodham  🌊  🇺🇸  👊🏻 💪🏻#VetsAgainstTrump‏ @phillip_woodham 19 Dec 2017
        Replying to @NGrossman81

        Agreed, the short-run will make people optimistic

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Russell Christopher‏ @russellc 19 Dec 2017
        Replying to @NGrossman81

        The GOP propoganda people are working overtime, "rocket fuel for the economy," " I'm an accountant and tax cuts mean you keep more of your hard earned money" etc. Goebbels would be proud, Israel is in lock step. Next up infrastructure give away.

        1 reply 1 retweet 1 like
      3. Nicholas Grossman‏ @NGrossman81 19 Dec 2017
        Replying to @russellc

        Everyone will get a tax cut (at first). The economy will get a boost (in the short-term). That's not propaganda. It's the most likely effect.

        1 reply 0 retweets 1 like
      4. Russell Christopher‏ @russellc 19 Dec 2017
        Replying to @NGrossman81

        Depends what the definition of "the economy" is? If it means the stock market and the oligarchy then I agree no propoganda OTH most people will be getting negligible tax cut and no better job prospects.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. ManMo‏ @manar0808 19 Dec 2017
        Replying to @NGrossman81

        In no way will employment rate improve because of this bill. Agree on stocks

        1 reply 0 retweets 1 like
      3. Nicholas Grossman‏ @NGrossman81 19 Dec 2017
        Replying to @manar0808

        Unemployment won’t go down much, if at all, because we’re basically at full employment. But economy’s created over 2M jobs each of the last 5 years. Should continue, and maybe work force participation ticks up. Either way, employment metrics should look good in the near term.

        1 reply 0 retweets 0 likes
      4. ManMo‏ @manar0808 19 Dec 2017
        Replying to @NGrossman81

        I mean I was responding to your post that said employment would improve. Anyways- I agree with your general premise.

        0 replies 0 retweets 1 like
      5. End of conversation
      1. WTFWJD?‏ @phac3ti0us 19 Dec 2017
        Replying to @NGrossman81

        Totally. By. Design.

        0 replies 1 retweet 3 likes
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