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Trump the biggest liar humanity has ever known...
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real-human



Joined: 02 Jul 2011
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PostPosted: Sun Jun 23, 2019 10:56 pm    Post subject: Reply with quote

https://news.yahoo.com/trump-falsely-claims-obama-began-132752124.html

Trump Falsely Claims Obama Began Migrant Family Separations

Quote:
This has been happening long before I got there,” Trump said in an interview with NBC’s “Meet the Press.” “You know, under President Obama you had separation. I was the one that ended it. Now I said one thing, when I ended it I said, ‘Here’s what’s going to happen. More families are going to come up.’ And that’s what’s happened.”

Trump’s interview coincided with a string of reports about children held in substandard condition in Border Patrol facilities, including a New Yorker article on Saturday that described flu and lice outbreaks going untreated, and children sleeping on cold floors. The hashtag #CloseTheCamps was trending Sunday on Twitter.

“They’re really coming up for the economics,” Trump said of the stream of migrants attempting to enter the U.S. “But I ended separation. I inherited separation from President Obama.”

That isn’t true. While President Barack Obama’s administration detained migrant children who entered the U.S. alone, it didn’t have a policy to separate children from caregivers when they crossed the border together.

That practice emerged in 2018, under Trump, after his then-Attorney General Jeff Sessions issued a policy known as “zero tolerance” that called for all migrants who crossed the border outside official ports of entry to be arrested and detained.

Trump ended family separations with an executive order in July 2018 after bipartisan outrage among the public and lawmakers, though there have been periodic reports that the practice continues less systematically.

The host of “Meet the Press,” Chuck Todd, said that Trump has made conditions in U.S. detention centers worse for children by scaling back recreation and education services.

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real-human



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PostPosted: Tue Jun 25, 2019 12:09 am    Post subject: Reply with quote

gee in one interview he says he read the Mueller report and the other network he says he read the summery. which one is the lie?

https://www.msnbc.com/morning-joe/watch/we-shouldn-t-get-to-precipice-of-disaster-rep-spanberger-62563397767

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real-human



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PostPosted: Tue Jul 16, 2019 11:49 pm    Post subject: Reply with quote

The Numbers Are In, and Trump's Tax Cuts Are a Bust

https://www.truthdig.com/articles/the-numbers-are-in-and-trumps-tax-cuts-are-a-bust/
Quote:
The Numbers Are In, and Trump's Tax Cuts Are a BustGage Skidmore / Flickr
The most commonly heard refrain when Donald Trump and the GOP were seeking to pass some version of corporate tax reform went something like this: There are literally trillions of dollars trapped in offshore dollar deposits which, because of America’s uncompetitive tax rates, cannot be brought back home. Cut the corporate tax rate and get those dollars repatriated, thereby unleashing a flood of new job-creating investment in the process. Or so the pitch went.

It’s not new and has never really stood up to scrutiny. Yet virtually every single figure who lobbied for corporate tax reform has made a version of this argument. In the past, Congress couldn’t or wouldn’t take up the cause, but, desperate for a political win after the loss on health care, Trump and the GOP leadership ran with a recycled version of this argument, and Congress finally passed the Tax Cuts and Jobs Act on December 22, 2017. The headline feature was a cut in the official corporate tax rate from 35 percent to 21 percent.

So did reality correspond to the theoretical case made for the tax reform bill? We now have enough information to make a reasonably informed assessment. Unless you think that tax havens like Ireland, Bermuda or the Cayman Islands, all of which continue to feature as major foreign holders of U.S. Treasuries, have suddenly emerged as economic superpowers, the more realistic interpretation of the data shows the president’s much-vaunted claims about the tax reform to be bogus on a number of levels. Even though some dollars have been “brought home,” there remain trillions of dollars domiciled in these countries (at least in an accounting sense, which I’ll discuss in a moment). If anything, the key provisions of the new legislation have given even greater incentives for U.S. corporations to shift production abroad, engage in yet more tax avoidance activities and thereby exacerbate prevailing economic inequality. Which, knowing Donald Trump, was probably the whole point in the first place.

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BY JIM HIGHTOWER / OTHERWORDS

This tax bill was constructed on a foundation of lies. To cite one obvious example, the real U.S. corporate tax rate has never been near the oft-cited 35 percent level. As recently as 2014, the Congressional Research Service estimated that the effective rate (the net rate paid after deductions and credits) was around 27.1 percent, which was well in line with America’s international competitors.

But even the new and supposedly more competitive 21 percent rate has not been as advertised. As Brad Setser (a senior fellow at the Council on Foreign Relations) has illustrated, the new tax bill also included a provision that enabled “companies that shift their profits abroad to pay tax at a rate well below the already-reduced corporate income tax…Why would any multinational corporation pay America’s 21 percent tax rate when it could pay the new ‘global minimum’ rate of 10.5 percent on profits shifted to tax havens, particularly when there are few restrictions on how money can be moved around a company and its foreign subsidiaries?” The upshot, as Setser concludes, is that “the global distribution of corporations’ offshore profits—our best measure of their tax avoidance gymnastics—hasn’t budged from the prevailing trend.”

Although this new 10.5 percent rate applies to “global intangibles,” such as patents, trademarks, and copyrights, the legislation still creates incentives for companies (notably pharmaceuticals and high-tech companies) to shift investment in tangible assets as well (such as factories) in order to maximize the benefits of this global rate on intangibles.

Many anticipated this result at the time the new law was enacted. The legislation incentivizes increased offshore investment in real assets such as factories, because the more companies invest in these “tangibles” in offshore low tax jurisdictions such as Ireland, the easier it becomes to incur a “calculated minimum tax on your offshore intangible income (the patents and the like on a new drug, for example),” according to Setser. The effect is also to exacerbate the trade deficit. A $20 billion jump in the pharmaceutical trade deficit last year provides excellent evidence of this trend. Ironically, this works at variance with Trump’s “America First” trade nationalism, and his concomitant efforts to wield the tariff weapon in order to disrupt global supply chains and get corporate America to re-domicile investment at home.

Parenthetically, a further political by-product has been to give the deficit hawks more political ammunition in their goal to cut supposedly “unsustainable” social welfare expenditures, perpetuating even greater economic inequality, on the grounds of insufficient tax revenues to “fund” these programs. That is another lie (see this New York Times op-ed by Stephanie Kelton to understand why).

As for the other bogus arguments used to justify this legislation, it is worth noting that most of dollars allegedly “trapped” overseas are in fact domiciled in the U.S. They have been classified as “offshore” purely for tax accounting purposes. Yves Smith of “Naked Capitalism,” for example, has pointed out that Apple stored the dollars “related to its Irish sub in banks in the US and managed it out of an internal hedge fund in Arizona.” Similarly, the Brookings Institute notes that American tax accounting rules do not place geographic restrictions on where those U.S. dollars are actually held, even if the Treasury data records them as “offshore” for tax purposes. Quite the contrary: “[T]he financial statements of the companies with large stocks of overseas earnings, like Apple, Microsoft, Cisco, Google, Oracle, or Merck…show most of it is in U.S. treasuries, U.S. agency securities, U.S. mortgage backed securities, or U.S. dollar-denominated corporate notes and bonds.” In other words, the dollars are “home” and invested in the U.S. financial system.

So in what ways are the dollars actually “trapped” (i.e., unavailable for domestic use without severe tax repercussions)? They have never been so in reality. Through financial engineering, the banks that have held the dollars “offshore” on behalf of these American multinationals have extended loans against the stockpile so as to “liberate” the capital to be used as the companies saw fit. It’s a form of hypothecated lending. Not only has the resultant “synthetic cash repatriation” provided a nice margin for what are effectively risk-free loans, but it also has enabled the beneficiary companies to deploy the dollars within the U.S. while avoiding tax penalties.

But here’s the key point: instead of investing in new plants and equipment, a large proportion of these dollars have instead been used for share buybacks or distributed back to shareholders via dividend payments. Anne Marie Knott of Forbes.com quantifies the totals: “For the first three quarters of 2018, buybacks were $583.4 billion (up 52.6% from 2017). In contrast, aggregate capital investment increased 8.8% over 2017, while R&D investment growth at US public companies increased 12.5% over 2017 growth.” So the top tier again wins in all ways: net profits are fattened, shareholders get more cash, and CEO compensation is elevated, as the value of the stock prices goes higher via share buybacks.

The dollars, in other words, have only been “trapped” to the extent that corporate management has chosen not to deploy them to foster real economic activity. “Punitive” corporate tax rates, in other words, have been a fig leaf. But the American worker has derived no real benefit from this repatriation, which was the political premise used to sell the bill in the first place.

Since the passage of the tax bill, the data show no significant evidence of corporate America bringing back jobs or profits from abroad. In fact, there is much to suggest the opposite: namely, that tax avoidance is accelerating in the wake of the legislation’s passage, rather than decreasing. Consider that the number of companies paying no taxes has gone from 30 to 60 since the bill’s enactment.

But it’s worse than that, as Setser highlights:

“Well over half the profits that American companies report earning abroad are still booked in only a few low-tax nations—places that, of course, are not actually home to the customers, workers and taxpayers facilitating most of their business. A multinational corporation can route its global sales through Ireland, pay royalties to its Dutch subsidiary and then funnel income to its Bermudian subsidiary—taking advantage of Bermuda’s corporate tax rate of zero.”

Again, the money itself does not make this circuitous voyage. These are all bookkeeping entries for accounting purposes. In another report, Setser estimates the totals in revenue not accrued by the U.S. Treasury to be equivalent to 1.5 percent of GDP, or some $300 billion that is theoretically unavailable for use on the home front.

Global tax arbitrage, therefore, runs in parallel with global labor arbitrage. That’s the real story behind globalization, which its champions never seem to mention, as they paint a story of worldwide prosperity pulling millions out of poverty. However, as I’ve written before, “a big portion of Trump voters were working-class Americans displaced from their jobs by globalization, automation, and the shifting balance in manufacturing from the importance of the raw materials that go into products to that of the engineering expertise that designs them.” During the 2016 election and beyond, Trump has consistently addressed his appeals to these “forgotten men and women.” Yet the president’s signature legislative achievement, corporate tax reform, suggests that his base continues to receive nothing but a few crumbs off the table. The tax reform also works at variance with the main thrust of his trade policy or, indeed, his restrictionist immigration policies (and it’s questionable whether these forgotten voters are actually deriving much benefit from those policies either). Not for the first time, therefore, the president’s left hand is working at cross-purposes with the right. The very base to whom he continues to direct his re-election appeals get nothing. And the country as a whole remains far worse off as a result of his policy incoherence and mendacity.

This article was produced by Economy for All, a project of the Independent Media Institute.

Marshall Auerback is a market analyst and commentator.

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mac



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PostPosted: Thu Jul 18, 2019 10:01 am    Post subject: Reply with quote

Sometimes art does the best job of social criticism. I saw this at a gallery in San Francisco on Tuesday. Something you won't see in North Carolina or Virginia--but you can see lots of memorials of treason.

https://www.youtube.com/watch?v=2IeUBlSk4_M
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real-human



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PostPosted: Thu Sep 12, 2019 6:36 pm    Post subject: Reply with quote

ya we know right wingers who support trumps lies are just like him in their lives. IE the 30 something percent of america are deplorables. OK clinton mis-represented the truth about "i did not have sexual relations with that woman" and the right wing said that just that one rose to the level of impeachment.
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PostPosted: Thu Oct 17, 2019 12:41 am    Post subject: Reply with quote

he will get a raise for his lies, trump loves liars and liars he lies with.
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real-human



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PostPosted: Fri Dec 06, 2019 5:28 pm    Post subject: Reply with quote

no one can scale his wall... liar and moron

see the photo..

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isobars



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PostPosted: Fri Dec 06, 2019 5:54 pm    Post subject: Reply with quote

Methinks Adam Schiff owns that crown, especially if the criteria include significance. He still doesn't comprehend that getting caught fabricating the contents of the Ukraine phone call completely destroyed whatever credibility he once THOUGHT he had.

Compare the significance of that to Trump's crowd size estimate.
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MalibuGuru



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PostPosted: Fri Dec 06, 2019 7:05 pm    Post subject: Reply with quote

None other than Ruth bader Ginsberg put a hold on Trump's tax returns today. Hahahahah. Not even she thinks the Democrats are acting constitutionally
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real-human



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PostPosted: Fri Dec 06, 2019 7:41 pm    Post subject: Reply with quote

MalibuGuru wrote:
None other than Ruth bader Ginsberg put a hold on Trump's tax returns today. Hahahahah. Not even she thinks the Democrats are acting constitutionally


not only does a state have the right but so does the congress. And in this case the supreme court should allow the release no matter what because there is no reputable argument that there is damage unless there are illegal activities that do have a statute of limitations. The ruling can be made later by the supreme court for future. but here there is no justifiable defense when the damage is only if there were illegal activities.

Quote:
Supreme Court Justice Ruth Bader Ginsburg temporarily blocked a lower court ruling ordering two banks to release President Donald Trump's financial records to House Democrats.

Trump had asked Ginsburg to consider the emergency request earlier Friday. The temporary stay sets the issue on hold pending full consideration by the high court, it does not reflect how judges will rule in the underlying case.

Story Continued Below

The stay is ordered until 5 p.m. on Dec. 13, and the court ordered that a response must be filed on or before Dec. 11 by 11 a.m.

Story Continued Below

The emergency filing came after a federal appeals court in New York ruled on Tuesday that Deutsche Bank and Capital One should comply with subpoenas from the House Financial Services and House Intelligence committees seeking information about Trump’s finances.

The House subpoenas seek documents including tax returns, evidence of suspicious activity and, in the case of Deutsche Bank, any internal communications regarding Trump and his ties to foreign individuals.

Trump-related requests are piling up at the Supreme Court — and the outcomes could set precedent on significant questions related to separation-of-power issues and whether a president is immune from state-based criminal investigations while in office.

On Thursday, the president asked the justices to overturn the D.C. Circuit of the U.S. Court of Appeals’ decision requiring his accounting firm Mazars USA to turn over financial records in compliance with a subpoena from the House Oversight Committee.

And the Supreme Court is already scheduled to meet Dec. 13 in a closed-door conference to consider a separate request from Trump involving the 2nd Circuit’s opinion ordering Mazars to hand over Trump’s financial records to a grand jury in New York.

Manhattan District Attorney Cy Vance Jr. ended up in a legal standoff with the president while investigating the Trump Organization’s role in alleged hush money payments to adult film star Stormy Daniels, as well as other matters
.
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