Trump's economic score: After tax cuts, not too much
As President Donald Trump on Saturday reaches the one-year mark since his inauguration, the U.S. economy is booming. To hear him tell it, this is the happy result of his policies. But while his tax cuts will likely have a beneficial outcome, at least for businesses' bottom lines, the impact of Trumponomics in other areas is problematic.
Beyond that is the question of the White House's power to direct a vast and complex $18.6 trillion national economy. Presidents have long taken credit for good economic times, and Mr. Trump is no exception. "American business is hot again!" the president tweeted last weekend.
To Democrats, who say the economy's rise since the Great Recession occurred mostly on Barack Obama's watch, this is baloney. David Axelrod, a former Obama adviser and now director of the University of Chicago's Institute on Politics, countered that Mr. Trump is a "very loud rooster taking credit for the dawn."
https://www.msn.com/en-us/money/markets/trumps-economic-score-after-tax-cuts-not-too-much/ar-AAuSC1A?li=BBnbfcN&ocid=edgsp