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Bansi Sharma
@bansisharma
, 4 tweets, 1 min read Read on Twitter
1. Trumpanomics in 3 Tweets
With the 2018 fourth quarter GDP growth of 2.6% (better than expected of course) and full year 2018 GDP growth of 3.1%, the contrast with Obama's destructive economic policies could not be starker. See the next 2 tweets.
2. With one exception, Obama did not achieve 3 consecutive quarters of >2% GDP growth throughout his entire presidency. Trump has had >2% GDP growth in every single quarter of his presidency.
3/x. In his first full year of presidency Trump just achieved >3% GDP growth. Obama never had a GDP growth of >3% in eight years of his presidency. Obama also has the miserable distinction of being the only U.S. President in history to have accomplished that ignominious feat.
Correction: The below story from CNBC had reported a full year 2018 GDP growth of 3.1% (which they have now corrected to 2.9%). I guess they had just averaged the four quarterly GDP growth rates of 2.2%, 4.2%, 3.4%, and 2.6%, which is not the correct way.
cnbc.com/2019/02/28/gdp…
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Bansi Sharma
@bansisharma
Headline: Under GOP Tax “Cuts,” 11 Million Get Pockets Picked

Guess who are these people who may have to pay higher taxes under Trump's tax reform? Well, what do you know? It's the ones on the top end of the income scale, i.e. what Democrats derisively call "the rich."
Truth be told the 11 million number is exaggerated. This is simply the number of people whose SALT exceeded the $10,000 cap in their previous year's tax filing. Because of the lower tax rates and other changes, many of these 11 million will also pay the same or lower taxes. 1/
So who will pay higher taxes. Well, mostly the very highest earners. Isn't that what the Democrats say they want too? Absolutely! So where is the disconnect? There is no disconnect. What Democrats are engaged in is deception, pure and simple. In other words, they just lie. 2/2
Read 3 tweets
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Bansi Sharma
@bansisharma
1. Mother of CFPB -- Elizabeth Warren!

This right here is why I cannot stand Elizabeth Warren. My disgust for her is rooted firmly in the Consumer Financial Protection Bureau which she created on Obama's direction.
2. Consumer protection is an essential function of the govt, but that is not what this agency is actually about. CFPB is an unconstitutional monstrosity that is structured to be accountable to no one.
3. CFPB's budget is not controlled by Congress. So Congress does not have control of the purse string for CFPB. Even the POTUS cannot spend the money Congress does not allocate, but CFPB has no such restrictions on it.
Read 11 tweets
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Bansi Sharma
@bansisharma
Bernie, If someone bought something for $300,000 and it doesn't work, your solution is to stick the bill on taxpayers so even more people could get the same defective product for free. Ask yourself why are those people not able to earn enough to pay off the loan.
The student loans wouldn't be a problem if the education they are used to pay for is valuable enough to enable students to earn enough to pay off the loans easily. If the education received is not valuable enough to enable that, the solution isn't to have govt subsidize it.
Making college free in the U.S. would only ensure that colleges continue to churn out completely unemployable graduates with impunity. Combine that with UBI and soon enough you will have a nation full of ideologically opiated masses that are unemployed and unemployable.
Read 3 tweets

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Baba97
@Baba9773
1) We Are the Hottest Economy In the World

Our President and his Killers smell blood in the waters. President Xi saw the SOTU and the polling data that came out afterwards. He realizes that PDJT and his Killers aren’t going anywhere for the next six years.
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We are three weeks away from the March 1st deadline. If a deal with China is not finalized, the 10% tariffs on $200 billion worth of imports will increase to 25%. That will absolutely kill the Chinese economy.
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@ZoltanneUSA
OBAMA should be more mindful when accusing Trump about the press & leaks:

1. It is common knowledge among journalists that the #Obama administration has prosecuted more leakers under the 1917 Espionage Act than all former presidents combined. But few admit this truth.
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3. First, the government’s war on leaks has not only intimidated whistleblowers, it has ensnared journalists.
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Paula Chertok🗽
@PaulaChertok
.@BarackObama at University of Illinois kicks off midterm campaign for Democrats and America’s future: Democracy should have no permanent ruling class. Citizens determine our course & our character. This moment is different. Consequences of sitting on the sidelines are dire. VOTE
Obama: Trump’s the symptom not the cause. Each time we pull ourselves closer to our ideals, of inalienable rights & responsibilities, the status quo pushes back. Sometimes the backlash is genuine. More often it’s manufactured by those who use fear to keep their power & privilege.
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