When You’ve Lost Moonbeam…

California Democrats have gone way too far with the taxation and regulation, says Ted Nugent.

Just kidding. It’s…

Jerry Brown.

The leader of the most populous state has kept Democratic lawmakers in check by limiting spending on social programs in favor of saving it to protect against a future economic downtown. He sometimes butted heads with legislative leaders, warning spending too much now could hurt taxpayers or require budget cuts later…
“I’d say we’re in for contentious times and for too many rules, too many constricting mandates and probably too much spending,” Brown told The Associated Press in an interview Tuesday.


And it’s not even like Brown – a died-in-the-wool prog – has been especially restrained in his own approach to taxing, regulating and squashing enterprise.

16 thoughts on “When You’ve Lost Moonbeam…

  1. Unlike Brown’s fiscal conservatism: Trump created $1Trillion dollar annual deficits and his tax cuts were ill timed. Should have been saved as stimulus for the next economic downturn, not implemented when the economy was doing reasonably well. The tax cuts have created enormous budget deficits that will only become worse in a downturn. Another mistake are tariffs, they were bad at the beginning of the depression (1930), they are bad today. This falls on the Republican controlled congress and Trump.

    The market shows continuous no votes of confidence for Trump.

  2. I have a friend in Cali; guy I went to high school with. He bought a new house in the late 80’s for about $150k, and has spent the intervening years upgrading it to keep up with his neighbors. Its a thing out there.

    He called me recently to announce he is selling it and moving, because he cannot keep up with the taxes.

  3. Oh, and BTW. The special taxing district bill my buddy pays for BART (teh choo choo) alone is more property tax than I pay in total.

    BART employees retire at 50 with a juicy pension, after 20 years of raking in overtime that drags their income well above $100k per year….they don’t have a problem paying their taxes.

  4. In other news, those relatively few Americans who have money in the stock market — probably includes most retired folks to varying degrees — has now lost most of the Trump tax-cut stock market bump.

    The corporate rate cut and ability to “repatriate foreign earnings” served its purpose. Pumped-up stocks via hunting ge stock buybacks — greatly increased C-Suite options’ value. Which tend to get sold after they vest. Helps the donor class big-time; us not so much.

    The best economy in the history of the world inexplicably requires a $1.5 Trillion fiscal stimulus and can’t handle a fraction of a percent change in interest rates.

    Trade wars, on the other hand, don’t bother this powerful economy at all…..

  5. On the bright side, part of the federal government is shut down, which helps reduce the deficit. So Liberals should be happy about that.

  6. I see the market is continuing to offer it’s opinion of the Trump Economy

    Mnuchin calling the nation’s top bankers on a Sunday to confirm they have cash to lend.

    Not exactly what I would call confidence inspiring.

  7. I see the market is continuing to offer it’s opinion of the Trump Economy

    The stock market has had two years to express its opinion of Trump and rallied as a result.

    What we are seeing now is panic over the prospect of Speaker Pelosi and a Democratic controlled house.

  8. How does that square up against all of the market gains throughout six plus years of Obama, with the republicans “doing nothing but resistance”

    Run away and get a new talking point — that one’s toast

  9. How does that square up against all of the market gains throughout six plus years of Obama, with the republicans “doing nothing but resistance”

    Huh?

    Other than allow perverts into little girls restrooms, what did Obama really do?

    Trump on the other hand, slashed regulation, dramatically boosted oil and gas production by the approval of pipelines that Obama fought, cut corporate tax rates and restored the Supreme Court.

    What did Pelosi do? She passed a bill in order to see what was in it.

    How do you think the markets are going to react?

  10. The issue is we have a 4th grade brain in the White House. Trump, Mnuchin and Kudlow have BA. Trump filed six bankruptcies. Mnuchin and Kudlow were in Wall Street because of their dads and they are Wall Street traders not economists. Kudlow has a BA in History and should be a librarian or museum curator. Mnuchin was the King of Widow foreclosure, a board member of Kmart & Sears, and in the Pension Benefit Guaranty, a group that hears arguments from companies to shut down their pension plans. Peter Navarro’s economic view is out of the mainstream and more of a politician — believes in tariffs to reduce deficit and good in picking a fight, not only China but also German and Canada.

    The Nationalist view of Trump and his cronies are narrow minded. They only see US economic data without regard to the global economy. SP 500 US companies generates 45% of revenue from global sales. When US global companies shrink, they will affect their US suppliers and eventually ripple down to US small companies and mom and pop businesses — overcapacity/layoffs. US consumers spending contracts rippling down from big ticket items to daily necessities — recession.

    The projected 2019 deficit will be $1 Trillion, the highest since the start of 2009 mortgage debacle. Indexes are the worst since 1931 deep recession. Russell small cap is below the date Trump took office.

  11. Honestly, I’m not sure who to laugh at around here any more.

    1/4 wit Dunning_Kruger, or the IYI’s that entertain his internet masturbating.

    If you want to argue the points D_K is posting, why not do it with the people who are actually making the points?

    “Mnuchin was the King of Widow foreclosure, a board member of Kmart & Sears, and in the Pension Benefit Guaranty, a group that hears arguments from companies to shut down their pension plans”

    Directly lifted from the. Comment thread of an article about…wait for it, the Kardashians.

    https://www.yahoo.com/lifestyle/behold-2018-kardashians-christmas-card-164403630.html

    IRL, Emery has trouble opening a can of peas; he’s a fucking eijit. Whenever you see a sentence that is the tiniest bit coherent (and wrong), you know it’s just D_K setting out some bait to fap himself to..

    Don’t be such saps. Sheesh.

  12. Run away and get a new talking point — that one’s toast

    Imagine the lack of self awareness it takes to say that after spending an afternoon cutting and pasting talking points.

    Why does Emery bother to struggle opening that can of peas? Because the more peas he fills his empty skull with, the better the rattle.

    Emery likes a good rattle…makes him giggle.

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