#DRAIN THE SWAMP!?: Main Villian of 2008 Crash nominated Secretary of Treasury!? - Polidicks

[QUOTE]Donald Trump has nominated Steven Mnuchin, a Goldman Sachs banker-turned-Hollywood movie financier with no government experience, as his Treasury secretary. Mnuchin, a multimillionaire who was dubbed a “foreclosure king” for buying up distressed mortgages and evicting thousands of homeowners during the financial crisis, immediately on Wednesday announced he would oversee “the largest tax change since Reagan”. He said his “No 1 priority is tax reform”. As well as cutting personal taxes, Mnuchin said the corporate tax rate would be reduced from 35% to 15%. “By cutting corporate taxes, we’re going to create huge economic growth and we’ll have huge personal income,” he said in an interview with CNBC. “We’re going to get to 15% and bring a lot of cash back into the US.” Mnuchin said “taxes are way too complicated” and people spend “way too much time worrying about ways to get them lower”. He claimed that the proposed tax cuts would allow the US economy to achieve an annual growth rate of 3% to 4%. Independent experts have said Trump’s proposed tax changes will hugely benefit the super-rich, while having little benefit if any for up to 8 million of the poorest families in the US.[/QUOTE] [URL="https://www.theguardian.com/us-news/2016/nov/30/steven-mnuchin-expected-to-be-named-us-treasury-secretary"]https://www.theguardian.com/us-news/2016/nov/30/steven-mnuchin-expected-to-be-named-us-treasury-secretary[/URL]

We're doomed

Good job America, we literally fucked up...

[quote]He claimed that the proposed tax cuts would allow the US economy to achieve an annual growth rate of 3% to 4%.[/quote] Yeah and my dog will throw up diamonds before tax cuts will make any growth happen.

I think most people generally agree that our tax system is far too complicated. The real question is how to effectively and fairly tax people and businesses in a way that maintains the infrastructure everyone relies on. I remain unconvinced Mnuchin and Trump's plan will accomplish this.

We're sliding fast into oligarchy

[QUOTE=OmniConsUme;51451047]We're sliding fast into oligarchy[/QUOTE] Lol, we've been there a long time already man.

to elaborate: tax cuts can make growth happen, but not necessarily. In fact, the best way for that to take place is for these cuts to be combined with reduced spending. Unfortunately since a lot of money's going to go towards useless spending, be prepared for a nose dive in the growth rate. [editline]30th November 2016[/editline] [QUOTE=OmniConsUme;51451047]We're sliding fast into oligarchy[/QUOTE] The world is already an oligarchy, most democracies have ceased being democracies in anything but name, since all the citizen has is their vote

Remember when Bernie said that this is not the time for protest vote? This is what he meant by that. I sincerely wonder how bernites-turned-trumpsters justify this.

Businessman elected president, focuses on helping big business amazing I seriously wonder how big the wealth gap can get before people refuse to put up with it anymore

So basically, what Trump supporters was worried Clinton would do... ... is what Trump is doing. I'd find this hilariously ironic if it wasn't so sad.

i'm curious how trump will spin this, he hasn't even been sworn in yet and he's already setting himself up for massive failure

I mean he has a point that the US tax code is far too complicated, especially with e.g. the company behind TurboTax lobbying to keep it that way. But I doubt he's going to simplify the tax code so much as cut it for his benefactors.

[QUOTE=Vlevs;51451070]Remember when Bernie said that this is not the time for protest vote? This is what he meant by that. I sincerely wonder how bernites-turned-trumpsters justify this.[/QUOTE] I hope Pvt Martin is shitting himself right now.

[QUOTE=Vlevs;51451070]Remember when Bernie said that this is not the time for protest vote? This is what he meant by that. I sincerely wonder how bernites-turned-trumpsters justify this.[/QUOTE] To be fair the protest vote didn't do as much damage as the fact that not enough voters actually got off their rear ends to vote. Of course, this is discounting those who had legitimate reasons or problems that prevented them from casting their vote. [editline]30th November 2016[/editline] [QUOTE=Judas;51451080]i'm curious how trump will spin this, he hasn't even been sworn in yet and he's already setting himself up for massive failure[/QUOTE] He won't spin this in any light but a positive one, it stands to reason that birds of a feather (Mnuchin and Trump) will support one another

[QUOTE=Vlevs;51451070]Remember when Bernie said that this is not the time for protest vote? This is what he meant by that. I sincerely wonder how bernites-turned-trumpsters justify this.[/QUOTE] a lot of people enjoy the "let justice be done, though the heavens fall" mentality. that is, until the heavens actually do fall upon them, then they realize that those consequences are very real.

[QUOTE=Lolkork;51451093]do people still believe in the trickle down nonsense?[/QUOTE] One episode of Reaganomics wasn't enough for the dirt poor who were made poor in the first place by that form of thinking and then fell through the gap, so they decided to throw their lot in with a conman who led them along like beads on a string for the purpose of getting into the White House, through sheer desperation that he'd "make america somehow great again" and "bring back all those nonexistent jobs and stacks of money that aren't really there."

I'm not going to make two more threads, [URL="http://www.npr.org/sections/thetwo-way/2016/11/30/503253374/trump-taps-billionaire-investor-wilbur-ross-for-commerce-secretary"]Commerce Secretary, Wilbur Ross[/URL] [QUOTE]President-elect Donald Trump has chosen Wilbur Ross Jr., a billionaire investor and turnaround specialist, as his commerce secretary. Ross announced his selection Wednesday during a joint CNBC interview with longtime Wall Street banker Steve Mnuchin, Trump's pick for treasury secretary. "Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed," Trump said in a statement announcing his choice. " "Wilbur knows that cutting taxes for working families, reducing burdensome government regulations and unleashing America's energy resources will strengthen our economy at a time when our country needs to see significant growth." Ross, 79, is a donor and longtime associate of Trump's, having helped him resurrect his casino company after it went bankrupt in the early 1990s. Over the years, Ross has grown rich by buying troubled companies in industries such as steel, textiles, auto parts and coal and restructuring them, often with significant layoffs and budget cuts. He is said by Forbes to be worth $2.9 billion, making him the country's 232nd richest person. In 2002, he cobbled together several troubled steel companies to create the International Steel Group. He later sold the company to Mittal Steel in the Netherlands.[/QUOTE] [URL="http://www.cnn.com/2016/11/29/politics/trump-picks-elaine-chao-for-transportation-secretary/"]Elaine Chao (WIFE OF MITCH MCCONNELL) for Sec of Transportation[/URL] [QUOTE](CNN)President-elect Donald Trump has chosen Elaine Chao, the former labor secretary and wife of Senate Majority Leader Mitch McConnell, to be his choice for transportation secretary, an official briefed on the matter told CNN on Tuesday. The announcement is expected to come this afternoon. Chao served as secretary of labor under President George W. Bush from 2001 through 2009 -- the longest tenure in the position since World War II -- and has been married to McConnell since 1993. She was the first Asian-American woman to serve in a Cabinet position. Chao also served as the deputy secretary of transportation under President George H.W. Bush from 1989 to 1991. Following her time in government, Chao has held a position as a distinguished fellow at the Heritage Foundation in addition to conducting media appearances.[/QUOTE]

[QUOTE=Lolkork;51451093]do people still believe in the trickle down nonsense?[/QUOTE] Trumped up trickle down economics *

GG Trump you have successfully pulled a con on the majority of your fanatics

[QUOTE=BlackMageMari;51451084]I hope Pvt Martin is shitting himself right now.[/QUOTE] i dont think martin had a grasp of anything as advanced as economics when it came to his vote on topic, this is fucked lmao

Reminder that people willingly voted towards this.

[QUOTE=KillRay;51451166]i dont think martin had a grasp of anything as advanced as economics when it came to his vote on topic, this is fucked lmao[/QUOTE] A lot of these people are the types that'll cite economists like mises when they agree and ignore literally everything else, which is sad because it tarnishes the scientific quality of economics when it's used in such a way.

[QUOTE=Lolkork;51451131]A country run by billionaires for billionaires.[/QUOTE] Somehow that red hat managed to convince people that came from nothing, lived as nothing and will die as nothing that a man who has always lived in luxury and currently lives in the gold encrusted penthouse of a skyscraper he owns really empathizes with the poor and cares about them

[QUOTE=BlackMageMari;51451084]I hope Pvt Martin is shitting himself right now.[/QUOTE] we should unban Pvt Martin four years from now and ask him if he's found a job yet

[QUOTE=Vlevs;51451070]Remember when Bernie said that this is not the time for protest vote? This is what he meant by that. I sincerely wonder how bernites-turned-trumpsters justify this.[/QUOTE] Bernie or Bust people who voted Trump have proven time and time again here on Facepunch that they could not care any less about politics or policy, only about persona.

Did anyone truly think that nominating a capitalist bigwig would be in anybody else's interest other than capitalist bigwig's?

and america think we in sweden are nuts with our pc stuff. Enjoy your feudal corporation society for the next 4 years.

[QUOTE=freaka;51451231]and america think we in sweden are nuts with our pc stuff. Enjoy your feudal corporation society for the next 4 years.[/QUOTE] Haha but you see at least we stuck it to those SJWs!

[QUOTE=NoobSauce;51451186]Reminder that people willingly voted towards this.[/QUOTE] They didn't willingly vote toward this. They were promised something else and fell for the hook-line-and-sinker trick. If Trump promised this in his campaign, there wouldn't be as much willing votes.