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Gary Cohn and Cap
Ex
On the subject of Cap Ex, an embarrassing exchange here with
Gary Cohn, pimping the tax reform aka "handout for the rich" and
trying to frame it as a cap ex / job growth, he asked the room of
the CEO's if they were planning to increase Cap Ex if tax reform
goes through. You could count the hands with one hand.
zerohedge.com/ne...saster
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Jester,
There's so much ground covered in that article, but of course it
ends up being a disaster because of all the false assumptions.
Trickle down becomes the underlying economic policy of every
Republican economic legislation, and the no-show of CEO hands just
re-affirms that. While some Republicans are really cynical about
trickle-down (I'm sure McConnell knows the bare-knuckled truth that
the tax plan is meant to take away the subsidies that help all
people get healthcare, and give that money to the rich), what
surprises me is that a number of the Republicans I've seen
interviewed really *do* seem to believe the voodoo economics
involved, despite the CBO's projection that the tax plan/repeal
individual mandate would result in 13 million more without health
insurance, and a premium rise of up to 10%.
The Republicans really do have a hard job - dressing this pig up
so that it doesn't look like what it obviously is - a transfer of
wealth from the poor to the rich - isn't at all easy.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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11/15/17 at 1:48 PM CST
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