Thomas Pope 
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Recent Comments

Re: “Fake economics

Trump economic proposals:
Rates for Married-Joint filers:
Less than $75,000: 12%
More than $75,000 but less than $225,000: 25%
More than $225,000: 33%

corporate and business tax rate: 15% (very competitive with many trading partners)

Repatriated corporate cash reserves: 15%

Not much different from GW Bush's tax cut plan that reversed an economy in free fall and restored full employment; until Clinton's subprime loan fiasco knocked the economy into recession. A lot of the deficit increase or decrease will depend on how many deductions the congress will rescind, and how well they can rein in incremental budgeting by the agencies.

Proposed tariffs on Mexican goods: 35%. Not a good idea at this time. Would cause a major retaliation from Mexico resulting in considerable loss of jobs due to slowdown in exports. Would be better to wait and see how much effect reducing corporate and businesses taxes has on job offshoring and encouraging American companies to return to the US.

Repeal and replace Obamacare: Puts an end to the practice of part time job creation to avoid providing insurance for employees. Replaces OC with the Bush plan of medical savings accounts, catastrophic hospitalization plans, purchasing insurance policies across state lines.

Other regulatory reform can be expected to boost economic growth as well.

The Brownback plan would boost the Kansas economy but he should offset cuts to education with tuition vouchers.

With GDP growth around 1.5% annually and the Labor Force Participation Rate at 62.5% the US has no choice but to drop a government spending approach to driving the economy and return to some form of Reaganomics to achieve the 3 to 4% growth annually Trump has promised.

0 likes, 1 dislike
Posted by Thomas Pope on 12/05/2016 at 1:45 AM

Re: “Fake economics

The California economy, and every other state economy are only still barely growing because 3 rounds of Federal Reserve Quantitative Easing that expanded the US money supply 4.5 trillion or 30% forced investors to flee low bond rates and invest in the stock markets.

But Obama's Keynesian stimulus package was only capable of generating 2 years of growth and jobs - by 2010 the economy was sinking again, prompting the Fed to intervene with QE. Fortunately, the companies who received bailout funds were able to repay the approximately 2 trillion in printed dollars loans. But the economy is mainly being fueled by printed money not business earnings and the stock markets are at all time highs.

Trump's anticipated tax cuts and regulatory reform has boosted the markets to new highs but at some point, after the dust has settled there is going to be an awareness on Wall Street whether the markets are over or under valued. It's very likely the markets are extremely over valued and there will be a correction.

However, unlike the first round of Federal Reserve money printing to stabilize investment banks and certain corporations the 4.5 trillion in new money printed money hasn't been disposed of. It's been placed in the Fed's commercial banks accounts. The Fed hasn't been able to raise interest rates to sell the debt for fear of shutting down the recovery completely.

In the next market crash/liquidity crisis with commercial banks accessing the funds to pay off depositors all of that currency pouring into the economy could very reignite inflation hampering any efforts to quickly reverse the crash. If IMF nations begin to dump their dollar debt the currency will become worthless paper and the Second Great Depression will begin. If there is a war it will be worse.

So the question is, do we want to continue trying to grow the US economy with a very weak government spending model, averaging less than 2% growth that led to a return to massive money printing and currency debasement. Or, do we want to switch to the Classical economic approach known as Reaganomics that has proven to average much higher growth rates, generally around 4% for 5 to 7 years. This is about as real economics as you'll hear anywhere.

0 likes, 1 dislike
Posted by Thomas Pope on 12/03/2016 at 4:57 PM

Re: “Privacy hurts

Hillary's dementia and Parkinsons-like symptoms would be a definite detractor from her performance as president. Not many people are buying the non-contagious pneumonia claim - too convenient.

But it's her megalomaniac, delusions of elitist nobility neurosis that would doom her to failure in the White House. Hillary fancies herself as an Renaissance Queen, complete with an elaborate wardrobe and hair dresser staff.

Secret Service description of Hillary's attitude toward her administrative staff reveals she demands they display behaviors similar to ancient emperor worship. When she enters the office's public spaces people are expected to retreat out of her sight and absolutely cannot approach her or speak to her about any issue without being severely chastised.

Hillary is known to explode into bouts of anger when she doesn't get her way, cursing and threatening people like they were her serfs.

Hillary's physical health is questionable but her mental health is indicative of a long term chronic Obsessive Compulsive Neurotic, severely depressed, angry and narcissistic.

2 likes, 1 dislike
Posted by Thomas Pope on 09/15/2016 at 4:36 PM

Re: “Fact check

Many thousands of illegal immigrants have enrolled in Obamacare but have yet to provide proof of citizenship.

Under the provisions of the the ACA, seniors who aren’t eligible for Medicare – including immigrants – can purchase guaranteed-issue private health insurance in the exchanges, and can receive premium tax credits to offset the cost if their income is under 400 percent of the poverty level.

Legislators in California have passed a measure that would use an Affordable Care Act loophole to open its Obamacare Exchanges to undocumented immigrants.

If an amnesty were enacted it would be a never ending effort to change current waiting periods for legal immigrants to provide former illegals with government subsidized benefits - no matter how much it adds to the deficit.

So it's not period.

1 like, 1 dislike
Posted by Thomas Pope on 09/15/2016 at 4:13 PM

Re: “Trump slips

No, the question is; how much of her term will Clinton serve before the Obama Clinton economic meltdown begins and ushers in the Second Great Depression?

Clinton's economic policies are not much different than Obama's and might generate 2 years growth, similar to Obama's stimulus package. But the problem is the Federal Reserve had to begin Quantitative Easing or money printing in 2010 to keep Obama afloat.

Now the Fed's balances are swollen to 4.5 trillion, an increase of 30% of the money supply.

Presently the stock markets are in a bubble because of printed money - not business earnings and the economy is averaging only 1% growth annually. Once the markets begin their correction there are no tools left to the Fed to reverse a crash without printing more dollars and hyper inflating the currency.

Wall Street investment banks are shifting to precious metals and commodities for security because they know the markets could easily fall 70 to 80% in the next crash. The Dodd Frank Act has turned the US into a Banana Republic and the elites are preparing to escape with huge profits and leave the loses to the American people.

With 50% of Americans unemployed, massive poverty, homelessness, hunger and chaos spreading; how long would it be before a revolt of the people compelled Ms Clinton to resign?

3 likes, 3 dislikes
Posted by Thomas Pope on 08/08/2016 at 1:58 PM

Re: “Make America great

Mr. Stedman, The obvious answer to begin making America great again is to realize that the Obama Stimulus Package failed in 2010 as it ceased to grow the economy or create good jobs with benefits. The Labor Dept. had to create bogus methods of calculating the unemployment rate to deceive the public. None of the government's unemployment indexes are reliable. 2010 is when the Federal Reserve realized the economy was sinking and began it's Quantitative Easing or money printing to drive down bond rates and force investors into the stock market. Since then the Fed's balances have swollen 30% or 4.5 trillion. Now there is a bubble and has to be a correction, which will amount to a massive market crash that will hyper inflate the US dollar and bring on the Second Great Depression. Another government stimulus similar to Obama's that Hillary is proposing will be powerless to recover the US economy.

There is only one other method to restore economic growth and that is through an across the board tax cut. The reason is a government stimulus excites bureaucrats - not enough power there to jump start a recovery. But an across the board tax cut excites people as they spend and invest, creating a huge wall of capital for businesses to access, rocketing the economy to recovery with a 7% first post recession quarter that levels off at around 4%, propelling growth for 5 to 7 years instead of the paltry 2 years of a government stimulus. With national revenues double a government stimulus package it will be much easier to finance the government and repay our depleted trust funds. That is the very beginning of how to make America great again. Of course Hillary could win and slam the country even further into debt and depression but before the US is recovered the private sector will lead the way and the government sector will be the road to poverty.

0 likes, 1 dislike
Posted by Thomas Pope on 07/21/2016 at 4:00 PM

Re: “1957 all over again

But there is one huge difference between 1957 and current school assignment policies. In today's environment, after witnessing 50 years of failed liberal desegregation policies, there is broad support among all races for greater school choice, including vouchers for students to attend private schools. Only the liberals in the Democratic Party, through the use of tyrannical judges are still insisting on the fantasy benefits of an education monopoly provided by the government to force students into public education. Even advanced placement is the equivalent of segregation within the school district as the overwhelming majority of those students are white or Asian.

2 likes, 11 dislikes
Posted by Thomas Pope on 07/21/2016 at 3:40 PM

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