Whatever the effect on wages, it won't be clear for a while.
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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.
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I think every announced stock buyback should be a PR meal for Dems.
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Not sure how popularly resonant that is.
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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'
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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.
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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.
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The negative effects will far exceed any benefits.
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In the long-run, I think that’s likely. But not in the short-run.
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Agreed, the short-run will make people optimistic
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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.
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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.
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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.
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In no way will employment rate improve because of this bill. Agree on stocks
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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.
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I mean I was responding to your post that said employment would improve. Anyways- I agree with your general premise.
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Totally. By. Design.
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