Official LRC President Donald J Trump Thread

Fat hurts wrote:

agip wrote:

the problem with the law is that it has no penalty cited, and no time limit. So some judge will have to stand up and say 'ok, someone is going to jail or is going to pay a daily fine until this law is obeyed.'

Once the judge orders the government to turn over the tax return, any official who disobeys the order would be in contempt of court. So the judge can put them in jail for that.

that's the bottom line, yes.

or fines, if not jail time

I agree that it is a good idea for them to get his taxes. I believe it should be a law going forward. The House's stated reason was to "consider legislation related to the IRS's practice of auditing sitting presidents." It would be fine if that were a secondary reason, but that's not the primary reason. I want both sides of the aisle to be completely honest, and that is not being COMPLETELY honest.

agip wrote:

Regular market risk.

It's not regular market risk when the rules are being changed to put more money in the pockets at some at the increased risk of others.

Regular market risk would be a company taking the proceeds of their profits and investing in another business that may or may not become profitable.

But if you take a business with negative cash flow that otherwise could not get credit, and lobby the federal government to loosen the rules for banks to make that loan with high fees and immediately pawn off the loan into another package that an investor may purchase without knowing the contents, then it becomes a different kind of risk.

The risk to the bank is gone because the loan is sold.

The risk transferred to the investor is not really regular market risk. There is an assumption that there was due diligence done on a loan that should be credit worthy.

Then you have a mutual find that purchases this investment on blind faith and the risk is moved to you. And you have no idea what you bought but assume the regulators have this covered.

IRS’ job is not micro-managing presidential finances, and trump already profited from conflicts of interest. More a question of specific crimes based on political decisions. Did he short Amazon before attacking them? Etc

by 'regular' I mean something like 'this is how the US economy works' not 'this is a perfect example of a free market'

point is, the US economy always has these weird unnatural bends and twists and eddies. The entire commercial real estate market is bent and twisted by custom tax rules. Energy is a mishmash of gov't subsidy and favorable tax policy. these things are not optimal but they aren't signs of the apocalypse either.

And my point is, to tying it with the subject of the thread, that you have a president putting in swampy appointees that are gaming the system to create wealth for their friends at the detriment to others.

Because now Trump is the rule maker. No more need to be the rule breaker.

Herman Cain?

https://www.youtube.com/watch?v=vtCWZAb2-wI

And right on cue NY state subpoenas trump’s state taxes, openly discusses sharing with Congress.

There's also not enough money in CLOs to cause a financial crisis.

And last time I checked, the prices of swaps on triple B and other junk corporate bonds is pretty high. Sure, it's a risky loan that the banks are lending out, but as long as the risk is taken into account when paying out/buying into CLO tranche's then no one gives a fvck because the investment is risk balanced. It's not like 2007 when people were buying into CDOs buy the billion while essentially being lied to as to what the underlying risk was.

There will be no CLO driven financial crisis.

It is completely honest. It is the primary reason.

Impeachment and oversight are both forms of legislation.

L L wrote:

And my point is, to tying it with the subject of the thread, that you have a president putting in swampy appointees that are gaming the system to create wealth for their friends at the detriment to others.

Because now Trump is the rule maker. No more need to be the rule breaker.

Herman Cain?

https://www.youtube.com/watch?v=vtCWZAb2-wI

Herman Cain was president of the Federal Reserve Bank of Kansas (which was a stupid idea back then too). Fed doesn't do sh!t and Cain won't even be FOMC eligible for like 2 years or something I think.

Oh, and it should not be the law going forward because it already is the law going backward.

The constitution says that congress has the duty of oversight. One of the tools it has the legal authority to use in the purpose is to see the tax returns of anyone it deems necessary.

Flagpole wrote:

I agree that it is a good idea for them to get his taxes. I believe it should be a law going forward.

The laws should be that a candidate for president must release their taxes to be allowed to run for president. That law should apply to all members of Congress, as well as any any upper-level staff of the president, including those who are "acting" in an attempt to get around Congressional approval.

jesseriley wrote:

And right on cue NY state subpoenas trump’s state taxes, openly discusses sharing with Congress.

As someone mentioned already, state tax returns include a significant amount of a federal return.

Law needs 2B wrote:

Flagpole wrote:

I agree that it is a good idea for them to get his taxes. I believe it should be a law going forward.

The laws should be that a candidate for president must release their taxes to be allowed to run for president. That law should apply to all members of Congress, as well as any any upper-level staff of the president, including those who are "acting" in an attempt to get around Congressional approval.

Yes. Absolutely. That needs to be the law going forward.

But I kind of doubt that congress will ever pass such a law. Congress almost never passes new laws that affect themselves personally.

Spankism = The Swamp

yet another cabinet sec'y who can't or won't follow the rules.

yet 90% approval from Rs.

but her emails.

https://www.nytimes.com/2019/04/04/us/politics/steven-mnuchin-ethics-office.html?action=click&module=Latest&pgtype=Homepage

agip wrote:

Spankism = The Swamp

yet another cabinet sec'y who can't or won't follow the rules.

yet 90% approval from Rs.

but her emails.

https://www.nytimes.com/2019/04/04/us/politics/steven-mnuchin-ethics-office.html?action=click&module=Latest&pgtype=Homepage

Nothing better than watching hillary lovers continue to have meltdowns.

How’s that Russian collusion working out for you?

Covington Catholic says hello.

Hahahahahaha!!!!

Democrats lose again.

I think, but I am not completely sure that the US can lower the discretionary legal immigration total to zero. The U.S. cannot completely halt asylum seekers. The US is a signatory to several ratified treaties that guarantee the right to seek asylum. Treaties are law in the U.S.

Runningart2004 wrote:

Can the US completely halt immigration?

Can the US completely halt receiving asylum seekers?

Would it be legal?

If it was part of a broader solution to the problem I would totally support it. But it’s not. He wants to get rid of immigration judges as well.

If you increase judges, at least temporarily, stream line the process, at least temporarily, then the system can catch up.

What about temporary shelters? Someone needs to order some Base-X tents!

Alan

Russian colluders, how’s that Brexit working out for ya?

‘Cause British traitors had a 5-month head start; a preview of September in USA.