Posted on 05/06/2018 7:22:59 AM PDT by mandaladon
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that the GOP tax bill is working better than he thought it would and the evidence “seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money.”
Brooks stated, “I was against the Trump tax cuts. But the early evidence is that they’re working better than I thought. And so, in the first quarter, among S&P companies, capital expenditures are up 39 percent. That’s a seven-year high. That’s far higher than a lot of us thought. Stock buybacks, which is just giving people — to shareholders, that’s only 16 percent. So the evidence from just the first quarter seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money. … And so, it’s important to oppose what’s opposable and what’s reprehensible and offensive. And we’ve been doing that, as I say, for three years. But it’s also important to see reality. And the more serious opposition will, frankly, be on disastrous policies or not disastrous policies.”
(Excerpt) Read more at breitbart.com ...
A journalist speaketh ....
Brooks has a fresh crease in his head?
How ever short the glimpse may be!
What’s that you say, Brooks? That apparently a businessman knows more about business than a pundit? Well, who’d have thought... that’s just crazy. No one could have predicted THAT. (No on on the liberal side, anyway.)
Brooks is the “conservative” voice for the NY Slimes.
And I’m the king of Siam.
No $h!t Sherlock. Faux “conservative” GTH.
What does that even mean?
All you have to remember is the idiot Ratner on The Morning Joke. In the unlikely event that Trump wins blah, blah blah. That should be the endless loop that comes up every time those 2 adulterous idiots open their pie holes...
Brooks stated, “I was against the Trump tax cuts.
Jeez what an a-hole.
Stock buy backs are also good. It gives money back to investors who then reinvest diversifying the economy and capitalizing new ideas.
without quantitative easing AND ZIRP, there is REAL growth.
evidenced end 1st qtr 2017 fed deposits 1,430,784
vs end 1st qtr 2018 fed deposits 1,476,335 (with tax cuts)
You were against the tax cuts....BS....you were against ANYTHING Trump, i.e., you are an anti-Trumper.
Eh, they do their little admissions on the weekend talk shows and it’s business as usual come Monday morning. No one ever sees it nor holds them to it.
You mean we can't print our way to wealth? Who knew?
DJT’s must not have had ‘perfectly creased pants’.
"Clean up on aisle 7. We have some liberal brain matter sprayed all over the place."
Yes the liberal conservative on PBS.
Yes, one should look at the recent Apple stock buy back. Which was followed by Warren Buffet’s huge stock purchase. He is taking a long position in Apple precisely because Apple has determined that they cannot put their capital in anything more valuable their own company (at this time). Buffet has already gained on his investment but guess what?
This capital is not gone. Apple can still support internal investments with the value of the company’s equity. People need to realize that the money did not go anywhere, investors have more value and they can spend on new investments and so can Apple. I think of it as investing in a new bathroom in your home. The money seems to be gone, but you have a nicer bathroom, and — the money is still there. When you sell the home you get it back. This is why it is so wrong to criticize a company for buying their own stock. It just means they have nothing better to invest in at the moment and don’t want to leave the money in cash. (Which probably earns a very small interest.)
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