Trump on Taxes, Economy & Energy

On FOX & Friends this morning in a Two Part segment, Donald Trump explains his tax plan and answers questions from viewers:

“The middle class has been forgotten in this country… the middle class built this country..”

Keep it up Donald.  Hillary has nothing to sell.  She’s an empty pantsuit parroting the same old crap that created this mess.

~ Hardnox

About Hardnox

Constitutional Conservative that Lefties love to hate.
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6 Responses to Trump on Taxes, Economy & Energy

  1. Uriel says:

    What you said! If we don’t have jobs then we go on the dole. It’s like having a $1,000 in the bank and never putting more in. Eventually (sooner than later) that money is gone. Realistically where does the money come from then? If we can’t afford to live in housing but housing is never paid soon no one will build houses. If we don’t have money for food and farmers never get paid, no one will bother to farm. It’s a vicious cycle being played out every day in totalitarian governments like Venezuela and Italy more and more. What is left is only barter system.

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  3. Just Gene says:

    Some quotes from The Forgotten Man― Amity Shlaes – WHAT’S NEW

    “Who is the forgotten man…? I know him as intimately as my own undershirt. He is the fellow that is trying to get along without public relief… In the meantime the taxpayers go on supporting many that would not work if they had jobs.”

    “The big question about the American depression is not whether war with Germany and Japan ended it. It is why the Depression lasted until that war. From 1929 to 1940, from Hoover to Roosevelt, government intervention helped to make the Depression Great.”

    “Justice George Sutherland had led the Supreme Court in a sweeping rejection of the minimum wage in the District of Columbia. In his opinion—the case was called Adkins—Sutherland said that the minimum wage infringed on the individual’s liberty to contract with his employer. The Sutherland opinion fit in with Coolidge’s own general attitude, that the individual should have primacy—“All liberty is individual,” he had said in a speech in 1924.”

    “Back in 1910, word of the rise of the skyscraper in New York had panicked congressmen, who promptly zoned height limits for buildings in the District of Columbia, so that no private building could ever overshadow the Capitol.”

    “But the deepest problem was the intervention, the lack of faith in the marketplace. Government management of the late 1920s and 1930s hurt the economy.”

    “In autumn 1937, the New York Times delivered its analysis of the economy’s downturn: “The cause is attributed by some to taxation and alleged federal curbs on industry; by others, to the demoralization of production caused by strikes.” Both the taxes and the strikes were the result of Roosevelt policy; the strikes had been made possible by the Wagner Act the year before. As scholars have long noted, the high wages generated by New Deal legislation helped those workers who earned them. But the inflexibility of those wages also prevented companies from hiring additional workers. Hence the persistent shortage of jobs in the latter part of the 1930s.”

    “Why is there a struggle between capital and labor?”

    “Applying his own elegant algebra of politics, Sumner warned that well-intentioned social progressives often coerced unwitting average citizens into funding dubious social projects. Sumner wrote: “As soon as A observes something which seems to him to be wrong, from which X is suffering, A talks it over with B, and A and B then propose to get a law passed to remedy the evil and help X. Their law always proposes to determine…what A, B, and C shall do for X.” But what about C? There was nothing wrong with A and B helping X. What was wrong was the law, and the indenturing of C to the cause. C was the forgotten man, the man who paid, “the man who never is thought of.”

    “Others were of humbler background: those farmers who found themselves forced to kill off their piglets in a time of hunger because FDR’s Agricultural Adjustment Administration ordained they must;”

    “Roosevelt won because he created a new kind of interest-group politics. The idea that Americans might form a political group that demanded something from government was well known and thoroughly reported a century earlier by Alexis de Tocqueville. The idea that such groups might find mainstream parties to support them was not novel either: Republicans, including the Harding and Coolidge administrations, had long practiced interest-group politics on behalf of big business. But Roosevelt systematized interest-group politics more generally to include many constituencies—labor, senior citizens, farmers, union workers. The president made groups where only individual citizens or isolated cranks had stood before, ministered to those groups, and was rewarded with votes. It is no coincidence that the first peacetime year in American history in which federal spending outpaced the total spending of the states and towns was that election year of 1936. It can even be argued that one year—1936—created the modern entitlement challenge that so bedevils both parties only.”

    “It is difficult for men in high office to avoid the malady of self-delusion. They are always surrounded by worshipers. They are constantly and for the most part sincerely assured of their greatness,”

    “Beyond grief lay Coolidge’s accurate perception that in the 1920s Mellon’s and his own policies were yielding the good that the men had predicted. Today we estimate that the highest level of unemployment under President Coolidge had been 5 percent in the year he was elected. From there it dropped to 3.2 percent in 1925 and then into the twos and ones. Citizens could afford all the new products. There was nothing bubbly about the potential for productivity gains. By the end of 1925 Ford’s peak production was 8,500 a day, up substantially from the 6,000 from a few years before. Overall in the years from 1923 to 1929 car production would double.”

    “In New York, Italian Americans became symbols of success; one of these, the half-Jewish Fiorello LaGuardia, represented the state as a Republican in Congress. Another proud group were his cousins, the Jews, both the older German Jews and the newer East European Jews. Jews at the time had a general belief in charity and taking care of one another: “All Israel is responsible for one another.” In addition, they were aware of a specific history in New York; Peter Stuyvesant had asked the Dutch West India Company to ban Jewish settlement, but the company had allowed Jews to stay as long as the Jewish poor “be supported by their own nation.” The colonial Jews had pledged that they would, and the commitment was still alive. As late as the 1910s, philanthropist Jacob Schiff said that “a Jew would rather cut his hand off than apply for relief from non-Jewish sources.”

    “Other new institutions, such as the National Recovery Administration, did damage. The NRA’s mandate mistook macroeconomic problems for micro problems—it sought to solve the monetary challenge through price setting. NRA rules were so stringent they perversely hurt businesses. They frightened away capital, and they discouraged employers from hiring workers. Another problem was that laws like that which created the NRA—and Roosevelt signed a number of them—were so broad that no one knew how they would be interpreted. The resulting hesitation in itself arrested growth.”

    “The New Yorker magazine’s cartoons of the plump, terrified Wall Streeter were accurate; business was terrified of the president. But the cartoons did not depict the consequences of that intimidation: that businesses decided to wait Roosevelt out, hold on to their cash, and invest in future years.”

    “As soon as A observes something which seems to him to be wrong, from which X is suffering, A talks it over with B, and A and B then propose to get a law passed to remedy the evil and help X. Their law always proposes to determine…what A, B, and C shall do for X.” But what about C? There was nothing wrong with A and B helping X. What was wrong was the law, and the indenturing of C to the cause. C was the forgotten man, the man who paid, “the man who never is thought of.”

    “Supply creates its own demand,” the classical economist Jean-Baptiste Say”

    “Any man of energy and initiative in this country can get what he wants out of life. But when initiative is crippled by legislation or by a tax system which denies him the right to receive a reasonable share of his earnings, then he will no longer exert himself and the country will be deprived of the energy on which its continued greatness depends.”

    luvya

    • Uriel says:

      Wow Just Gene. Great addons!

      • Just Gene says:

        If you get a chance, read the book – the commie FDR usurped the word from the working man to the unemployed who needed all the government help they wanted. FDR and Ellie were pure red – Ellie once said that she wished this country could be like Russia without killing so many people – there was a popular song with the words “you’re my Gary Cooper” that changed to “you’re my Mussolini”
        luvya

    • vonmesser says:

      Book LIBERAL FASCISM by Jonah Goldberg.