I was flipping channels the other day and tuned in just when Trump was speaking in Arizona. There on FOX they were covering his speech and basically ignored the protesters. Over on CNN, they had him in background and were CONSTANTLY commenting about the protesters, and just couldn't avoid covering the hateful things they were saying despite them being lies! HATE the MEDIA..
The Media has been deplorable for the last 2 decades at least. I guess really since they became a 24x7 income-generating machine RATHER than a factual news outlet. It is so unfortunate that I hear so many negative things from other acquaintances and when I question them about specifics they can't articulate anything other than the hear-say of Media pundits. Are people that clueless? Are they that dependent on someone else making their decisions (the Media) regardless of truth, or should I say facts? It is really bothersome that THESE people vote! And, they vote based on whet the Media says, NOT the facts behind the story! It's like those who vote the same way their favorite celebrity leans. The worse I have seen are here in the Bible belt where they are so open to cons! They believe anyone! Don't they accept what I believe in: God gave us developed brains so we can make our on decisions based on facts and logic and COMMON SENSE?
For example, Cruz touts his 20% flat tax. Don't the 10% & 15% tax bracket payers today realize that's a tax boost to them? Don't they realize they get deductions that lower their taxes to a TAXABLE INCOME that is then applied against the tax bracket? What does Cruz's plan do? How about the 0% long-term capital gain and qualified dividends that are NOT taxed today (Bush Tax law); did Cruz forget about that? Then he complain because Trump throws a SCARE tactic or opening negotiating number to push China into a reasonable trade agreement! Do realize, like Cruz continues to bash Trump on his plan, his own plan would automatically tax ALL importers the same 20% flat tax driving up, not only the individual companies like Trump would negotiate with, but ALL of them. That would mean ALL products we buy would become more expensive instead ONLY the select few that Trump MIGHT have to charge a tax on them. Do We the People also realize that if another countries imports do go up, i.e., we would have to pay more for them specifically, that our American competitors would win big time (demand increased) while their demand would decrease. Now what does economics tell you when that happens? Higher demand=lower prices, Lower demand =higher prices.
I shouldn't have to educate the public re these things. But then, the 80%+ who listen to celebrities of selected Media outlets are here learning anyway! And THEY VOTE!!!!! That's why I plan my investing on the "stupid" 80% and have been more successful than the managers who manage all the Mutual Funds those 80% are in (401K, etc.). Ha-Ha. If you aren't factoring in psychology into your investment planning, your losing $$$.
Okay. The rant is over. The bottom line is that I agree 100% with Trump re the Media -- they are the MOST dishonest people out there.
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