Democrats vs. Republicans: Who's better for the economy?
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- Опубліковано 5 вер 2024
- Stephen Moore, Heritage Foundation senior visiting fellow and economic advisor to former President Trump, and Ernie Tedeschi, The Budget Lab at Yale Law School director of economics and former White House CEA chief economist under President Biden, join 'Squawk Box' to discuss whether Democratic or Republican policies would be best for the American economy over the next four years. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Screw the Heritage Foundation.
So if they tax unrealized gains do you get to write off unrealized losses?
This is such a stupid proposal it makes my head hurt.
Stop cutting taxes for the 1% it doesn't help the economy
That is an unintelligent statement.
Agree. Trickle down economics has never worked. The money doesn't get invested, just piled up.
@@justwatchingrandomlywell explain it all to us then.
They own everything!! Keep taxing them they’ll keep raising our prices 🤷♀️
biden's administration failed us massively with its economic policies!!. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
For the time being, I would stay away from index funds, mutual funds, and particular stocks. The best option available at the moment is a five percent fixed income. Set aside funds for when the market begins to recover significantly.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
monica mary strigle is the licensed advsr I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Let’s just keep sending money to Ukraine like someone told Joe to do.
Taxing unrealized gains is diabolical
That's not possible what would happen if those unrealized gains were lost?
The Asian bling or display of wealth seems to be the most elaborate of all races. It's mind-blowing sometimes the extent they get to
Absolutely! I mean, have you seen some of those mega yachts and private islands they own? It's like they're living in a whole different world
And don't even get me started on their custom-made supercars and designer wardrobes. They definitely know how to flaunt their wealth
Yeah, it's pretty impressive. But you know what's even more interesting? Most of these wealthy Asians have someone like Desiree Ruth Hoffman managing their portfolios.
Desiree Ruth Hoffman? Who's that?
DESIREE RUTH HOFFMAN she’s known for her assortment manager and holistic approach to financial planning of high-net-worth individuals , considering factors like income, expenses, and long-term goals. she's been making some serious waves in the industry
last 10 Republicans all had a Recession
We will again but not because of Trump, but because of the failures happening Now and the yield curve just inverted which has shown a recession with an accuracy of 100% so it doesn't matter who is in the white house it's going to get very ugly!
The only good thing is, is after the disaster, young people may be able to afford to own a home but unfortunately for me my real estate will be worth way less!
Learn how the economy works!
Lmao maybe dems shouldnt have shut down the economy and we wouldnt have had the last one.
The trump tax cuts wasnt't a success. Minor economic impact but a rapid increase debt
It helped investors, Moore couldn’t care less whether it helps the country
Look at total tax receipts by the IRS in 2017-2019 went up every year, so the tax cuts did increase the tax collections, I don’t know why people do not talk about that. Everyone’s effective tax rates decreased and more financial burden of taxes transferred to the rich. It’s all in the numbers released directly by the government, take a look
REAL median household & personal income increased under Trump while declined / stagnated under Biden… you absolute buffoon
@@steve7417. Are you stupid?
@@steve7417 correlation is not causation. Tax income were lower than the CBO baseline therefore tax cuts decreased estimated tax income.
But I found something to the corporate tax cuts: "Federal corporate tax receipts fell from an annualized level of $409 billion in Q1 2017 to $269 billion in Q1 2018, a direct result of the Trump tax cuts".
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Having Stephen Moore on the show is truly an embarrassment . He was almost arrested for not paying child support and didn’t pay his taxes for 10 years and the IRS put a tax lean on him and garnished his wages . He’s completely legally and financially illiterate and CNBC should be held accountable for allowing him to speak as if he knows anything . Shame on the network .
He supports lies and propaganda. Just can’t trust anything out of Moore’s mouth.
Did you read that on wikipedia 😂
@@generalsol1977I noticed Stephen wasn’t talking policy nearly as much as the other guy
@@generalsol1977and when he did, his entire argument was that lower corporate tax rates are good FOR INVESTORS
@@generalsol1977I guess republicans have no arguments to make about the economy.
All they can do is hope that Americans forget that it was the pandemic and the fed’s response to it that hurt the economy
Higher tariffs and more tax cuts? Bad for the economy.😮 Stephen Moore isn't an economist. He's an ideologue from the Heritage Foundation. Calling it a "Think Tank" is an oxymoron.😂😂
The only time I heard him mention policy in his clip was when he was saying that cutting corporate tax rates are good for *investors*
He doesn’t care about the economy at all as far as I can tell
Now the race is back on. A former prosecutor or a convicted felon? Hummmm
Hmm, I'll take a wild guess and say your a Liberal. Problem with both your assertions is Kamala smoked weed while putting tons of Black men into prison and laughed about her getting away with smoking weed. Also the convicted felon charge is the dumbest charge in the history of charges showing the black community that their being unfairly prosecuted by Liberals All the time!
Trumps conviction will either be dropped by the judge so he can save himself or the appellate court will drop it due to All the egregious decisions the judge made like not allowing the federal employee who wrote the law on campaign finance law to testify about what the law states, the judge has a daughter who works for the Democrats and made massive money over the trial plus the judge never stated or allowed to state what law Trump had violated and then told the jury just give me a verdict, I don't care if you see Trump violating local laws or state laws or federal laws just make a decision and I'll judge the crime!
It's so crooked that it's almost as crooked as the DNC eliminating RFK from campaigning and continuously changing the rules so he could never ever compete but hey you LOVE that Communist way of Life! Your a sick sick person
All of a sudden the dems are for law and order now? I guess you forget that Harris backed a fund that posted bail for the 2020 rioters who destroyed cities across the country.
You are the same person who has been saying for years how smart and sharp Joe Biden was. How did Kamala do during the Democratic primaries in 2020?
A prosecutor that fought to keep innocent men in jail to pad her stats.
@seano79 "My body looks great. You should see me with my shirt off." -- Donald Trump -- campaign rally
The one , who uses regulation is better.
Although I do agree with the democrat in this debate I think he could have done a better job with his argument.
"We need to elect a Democrat so I can start living like a Republican again." - Henry Ford Jr.
Dumbest thing I’ve ever heard, the liberals economy is what we are living in.
@@SandiegoDFS wait for the time China economically dominate yours, you will live like in hell.
I don't know if you guys know this or not but the stock market is double what it was under trump
Inflation has crushed everyone. EVERYONE
@@skolvikings354 You cant compare economies multiple years apart. Circumstances do change. The best way to compare economies is to look at comparable countries (G7) and compare growth, unemployment etc. By doing that Biden is extremly succesful and did outperform economic forecasts and other countries (G7) massivly. Inflation was a gobal issue. Not just bidens' fault. It is always interesting how in every country globally their own president gets blamed for inflation. Maybe the reason for inflation is not actually their fault
@@skolvikings354and inflation will be worse if trump is elected. Policies matter.
@@skolvikings354and would be made even worse by higher tariffs
I don't know if you know this or not but the stock market has gone up from only 7 companies! Democrats are concentrating wealth to the fewest people on earth in the history of the World and you celebrate!
Inflation is not under control
3%
@@willtwain1383and falling
@@SigFigNewton Under 3%.
Yes it is
What do you call 3%?
Trump 2024!
Trump 2025 in jail 😆😆
I'm an independent voter but I honestly struggle more financially now than the Trump era.
The best examples I can give is the shoe prices
The pair of shoes under Trump cost $45 the same exact pair of shoes now cost $55
So 4 dollars (~8%) over a typical 3% inflation over 4 years? At least a Harris administration wouldn't put a 60% tariff on top of that.
trump era lol 4 yrs and he piggy backed of 8 yrs of great obama policy and he still put 8 TRILLION on the debt in 4 yrs OMG get some facts
Well work harder or get a better paying job or better education
The moderator looks like Trump.
BFFs with him apparently.. so more a cheerleader than a moderator.
@@DG-2323 he might as well be, hes an ass to all dems
Creating wealth and gaining financial freedom isn't as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..😊
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment
Now is the right time. If you really want to grow your money and attain financial independence. Start investing, that's the best way to accumulate wealth. Spent my 25s and 40s investing in stock and several multifamily real estates. That's the best I did for myself as it has consistently beaten my expectations of a return.
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencies (BTC,ETH...)
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
Republican clears
Ask a young couple trying to buy a house how the economy is.
What has Trump proposed that would improve the cost of living situation?
Ask the people they’re trying to buy a house from how the economy is.
Reaganomics.
Housing prices will never come down
@@keto6789 Unless the government takes control.
It’s also worth asking, you know at some point: who is better for the Constitution? Who said they would terminate the Constitution, the foundational institutions and procedures and norms that constitute the country itself? Probably important too… probably as important as next quarter… IMO
The usual "alternative facts" from the Republican talking head.
Yet you don't call out the Democrats for their constant lies, such as the Jussie Smollet hoax, Russian collusion hoax, and even this week when they lied that Camela was never the Border Czar
who are these old goats
Example only - bought lemonade 4 months ago for 2 for $5 now $3.59 each! Lunchmakers $.99 a year ago now $1.59
Joe's head is gonna explode if he doesn't hear what he wants to.
This anchor needs to step down like biden. He is too old to be on tv. His thoughts are all over the place and is not likeable
You win the comments. Best!
Forgot ever getting a rate cut under Trump. Inflation is going to skyrocket
It's wild to me that every business-oriented person supporting Trump has to believe he won't actually do the things he's saying he'll do for it to be good for business. Tariffs, massive deportations, JD's socialism.. Just wild how they expect us all to just ignore the words coming out of their mouths. If any of these policies actually get enacted (which if Trump wins, the party will prob run the entire federal government), it will completely tank our economy and America is going to wake up to our very own Brexit recession situation.
Actully, now we will see massive deflation, it will take another 6 month to a year but it's going to get ugly and it doesn't matter who is in the white house!
Lol baseless claim
JD Vance doesn't sound like a "free marketeer". Has he listened to what Vance said at the RNC?
Just look at the market performance after RNC last week and look at it today after Biden announced he was stepping out the race and endorsed Harris. I can and have voted on both sides of the aisle and with inflation coming down at a steady rate, job market staying strong a resilient why would a drastic change now make any sense? Again talking strictly about the economy, not ideology.
The Heritage foundation a k a the third reich....loo
You clearly know nothing about nazi germany
None😮
THAT MAN IS NUTS
how will they tax all the illegal migrants??????????????????????????
Definitely not democrats
Da what did you say, the economist with TRUMP would say and do anything even if it was wrong or corrupt. People can justify anything and everything to meet there narrow minded focus. Unfortunately the American people pay for the errors in judgement no accountability that needs to stop and those individuals need to pay a price including the politicians.
Oil 60$ ?🧐🥸
Since the Biden administration. My yearly extra expenses have risen nearly 1500 %. I would vote for a rock before I would ever vote for any democrat.
i know what there
Who do you think? The party that believes hiring people based on qualifications or the party that believes hiring people based on skin color. lol
Who do you think? The party that believes in hiring people based on qualifications or the party that hires people based on who is related to the president or who can kiss the president’s ass the hardest
“Having cancer or eating ice cream, which is more fun”?
You can tell the switch to Kamala didn’t take quite the way our overlords were hoping…
#Trump2024
#Vance2028
#Vance2032
This guy is a liar, period.
J.D. Vance is socialism 2.0. ~ Feudalist Joe. 😂
Trump. Because he is neither
Policies matter tho…
Better for the economy? Democrats. Better for Rich people to get lower taxes and be able to avoid the IRS? Republicans.
Hot take seeing as how “the economy” by almost ever metric was better under Trump than Biden 🤔
by far democrats re much better for the economy ..
Tariffs = Taxes.. dont miss that. !
You cant compare economies multiple years apart. Circumstances did change. The best way to compare economies is to look at comparable countries (G7) and compare growth, unemployment etc. By doing that Biden is extremly succesful and did outperform economic forecasts and other countries (G7) massivly.
That only speaks to how poorly the other G7 countries are doing…
@@rvpcqp much more likely would be the conclussion that the global circumstances were bigger than you assume. And even if they are doing poor they will negatively influence the Us economy nothing a us government can do about if global demand is decling. The us are not an isolated island.
Who dis guy?🤨
Tax cuts will create more deficit spending raising interest rates more.
Yeah that's econ 101, not sure why everyone thinks Trump 2.0 will be good for the economy.
@@ketheric brainwashed
Nope, they actually increase revenue but we really need is to eliminate how massive our government is!
@@d.s.8733 Incorrect.
Increases revenue for the business only. However, all the government programs still need to be funded. So how do you think that's going to happen? More deficit spending and higher interest rates
@@d.s.8733 tax cuts combines with price increase caused by Trump's tariffs will cause inflation to soar again, and the fed will have no choice but to hike rates. This is not 2016.
Capital for the rich!
Democrats
Blue of course
Lets see a businessman, or a former prosecutor. Such a tough choice 😆
I want to feel it as an average person. I felt everything was going great under trump. I don’t care what the data is saying.
The benefits of being able to make decisions based on mathematics isn't useful to this one.
Under Trump I worked through the pandemic with no healthcare, and was paid less than people were paid to sit at home.
The unemployment office was shut down, workers' rights were mostly suspended (and it looks like many never came back.)
The people that do the real work around here don't appreciate the lack of representation.
If you like the Trump years, you're probably a parasite on society.
It doesn't work, long term. We just don't need people with your work ethic.
Recession, record wealth inequality, attempted coup on Jan 6.
You are not serious.
just look how the last years was in other countries. Their inflation wasnt better. But in these countries growth were lower, unemployment were higher and real wages were also even lower. Just put that in perspective. Then bidens economy is doing relatively well.
You do realize there was a global pandemic that risked the greatest depression we've ever seen right? Like there were several months when everyone thought the world was ending? Lol it's crazy how little people actually remember of that time, and how difficult it's been for the entire world to come out of it, and yet America has done the best out of all other countries.
Democrats are better for the overall evonomy
Better at messing it up, yes.
@@ArenaRat-xd8fu look at history. Oh yeah, you are one of those "poorly educated" Trump supporters who don't believe in facts or figures. 😆😆
“We just got inflation under control”
Okay, well for the past 3.5 years it was out of control.
Unemployment at an all time low.
Because we are adding low paying part time jobs to the economy, and many people are working 2-3 of those jobs.
I love hearing from wealthy, out of touch white guys how well we are all doing.
And yet, you'll likely vote for the wealthy out of touch white guy anyway.
It has been under 4% for about two years.
"Past 3.5 years"? What did you expect, an instant turnaround by waving a magic wand?
And yet, you're still going to vote for the wealthy out of touch white guy.
We know how it was under Trump, it was awesome,
😂
You must have been in a covid coma in 2020
😮 how can you say this 😮 democrat is trash!!!!!!!! Get real
Omg, here we go with the Covid crap.
You haven’t communicated anything.
I have no guess as to what policies or parties or groups you are exasperated with.
Trump 2024
Trump 20-24. Without parole.