Trump Peddles Slew Of Debunked Economic Claims In Detroit Speech

[DonViejo]

Source: Talking Points Memo

Donald Trump on Monday peddled largely uncontroversial Republican economic plans during a major policy address in Detroit—but he also pushed a slew of falsehoods about the health of the American economy.

During the subdued, buttoned-up address, which came on the heels of a long week of missteps for the campaign, Trump cast himself as the antidote to the job-killing economic policies of Hillary Clinton and President Barack Obama.

He called for a moratorium on all new government regulations and railed against the federal tax code and the failure of international trade deals, much of which is well-traveled territory for Trump.

“We need to stop believing in politicians and start believing in our great country,” the nominee told the crowd. As President, Trump vowed to "jump-start America," noting, "It can be done, and it won't even be that hard." Trump also repeated his well-worn claim that the “real” unemployment rate is much higher than the Labor Department reports, which he framed as an intentional effort to spin the state of the U.S. economy in “one of the biggest hoaxes in American modern politics.”

-snip-

Read more: http://talkingpointsmemo.com/livewire/donald-trump-economic-address-fact-check

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Trump economic proposals fizzle with CNN expert: ‘Just a speech to a room full of chairs’

Washington Post reporter Ed O’Keefe reacted to Republican nominee Donald Trump’s economic speech on Monday by suggesting that the candidate’s proposals had been more about politics than policy.

In a speech at the Detroit Economic Club, Trump promised to bring prosperity to “those who have the very least.” Following the speech, O’Keefe told CNN that the delivery of highly scripted teleprompter speech would “help quell the concerns of many Republican lawmakers.”

“There was no discussion of minimum wage, no discussion of family leave,” the correspondent said. But he gave Trump credit for proposing to make all child care tax deductible. “That’s clearly an appeal to working women,” O’Keefe pointed out.

The correspondent also noted that Trump had been applauded for opposing trade deals even though Republicans members of the Detroit Economic Club traditionally favored free trade agreements.

-snip-

http://www.rawstory.com/2016/08/trump-economic-proposals-fizzle-with-cnn-expert-just-a-speech-to-a-room-full-of-chairs/

[63splitwindow]

1. "During the subdued, buttoned-up address..."

Now THAT his base has no interest in hearing and he is neither knowledgeable nor skilled enough to present serious thoughts to those not among his base. In short, HE IS FUCKED.

[asiliveandbreathe]

2. But what about the taxpayers who don't make enough -

But he gave Trump credit for proposing to make all child care tax deductible. “That’s clearly an appeal to working women,” O’Keefe pointed out.


Bullshit....

Now From Think Progress earlier -


Experts say that his plan will do nothing to help low- or even middle-income families, instead solely benefitting the rich who least need help affording child care.


“It’s absolutely regressive,” said Helen Blank, director of childcare and early learning at the National Women’s Law Center


But many low-income families don’t owe anything in income taxes because they make too little and qualify for credits that reduce or erase their burdens. Currently, 35 percent of all people filing taxes don’t have a liability come tax time, and Trump has said he wants to significantly expand that number.

[cynzke]

3. IN OTHER WORDS.....

Trump and advisers just BORROWED BS that was out there, pasted it into a speech. TRUMP tries to pawn this off as his own to the RUBES who THINK Trump is an INDEPENDENT DC OUTSIDERS. What does Trump do.....INSULT his followers OFFERING them the crap they are angry about. Looks like another dynomite week for Trump!

[47of74]

4. Isn't this the same bullshit Dubya peddled?

[louis-t]

5. It is the same bs that caused massive debt under w.

And the same bs would cause massive deficit under drumpf, which he is already famous for.

[apnu]

6. "We need to stop believing in politicians" -- Trump

Then why should we believe Trump?

[anneboleyn]

7. "Trickle ON economics." It was actually laughable.

[mopinko]

8. steaming pile of voodoo economics .

death tax. ferchrisakes. how much is that worth to your kids cheeto sporkhands? if you would show your tax returns, maybe we could answer that question.
one more reason he wont ever show them.

[TomCADem]

9. Key - Trump is offering a tax deduction, not a credit

A tax deduction is only beneficial for upper income, but not quite 1% families. If you are not in an upper income bracket, then a tax deduction is not nearly as helpful as a credit. A credit is beneficial to lower income families.