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DemocratSinceBirth

(99,710 posts)
Tue May 1, 2018, 11:14 AM May 2018

*MUST READ* Six questions about Trump's economy you were too embarrassed to ask





Over the past few months, President Trump has painted a portrait of a resurgence: After tanking under President Barack Obama, the economy has finally been Made Great Again.

Based on recent polls and my own reader email, much of the public believes this narrative. The word “booming” gets thrown around a lot.

But how has the economy actually performed under Trump? There is plenty of data to help us answer this question. So I bring you: Six questions about Trump and the economy you may have been too embarrassed to ask.

1. What’s the big picture? Have we seen a change under Trump?

Generally speaking, the economy today is virtually indistinguishable from the economy in the several years before Trump took office, as measured by economic growth.

...

https://www.washingtonpost.com/opinions/6-questions-about-trumps-economy-you-were-too-embarrassed-to-ask/2018/04/30/663a3a1a-4cb6-11e8-af46-b1d6dc0d9bfe_story.html?utm_term=.99a9865b1805



Americans sold their souls for nothing but maybe Deplorables don't have souls to begin with.


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*MUST READ* Six questions about Trump's economy you were too embarrassed to ask (Original Post) DemocratSinceBirth May 2018 OP
Kick and recommend. Great read. bronxiteforever May 2018 #1
Trump turned water into, errrr, water... DemocratSinceBirth May 2018 #2
Agree +1000000 bronxiteforever May 2018 #3
These facts need to be publicized and more discussed here. DemocratSinceBirth May 2018 #4

bronxiteforever

(9,287 posts)
1. Kick and recommend. Great read.
Tue May 1, 2018, 11:31 AM
May 2018

“As the economy improved, those deficits shrank but did not go away. In fiscal 2016 (so still under Obama) they began expanding again, and now under Trump, they have exploded, despite there being neither a recession nor a major war. That is thanks to both tax cuts and spending increases.”

Remember 2011

WASHINGTON — Senate Minority Leader Mitch McConnell issued a direct challenge to the Obama administration on Sunday, telling “Fox News Sunday” that Republicans will vote against raising the debt ceiling if it is not coupled with a “credible effort” to shrink the nation’s overall debt.

“I don’t intend to support raising the debt ceiling, and I don’t believe any Senate Republicans do unless we do something important related to spending and debt,” McConnell said. “It is going to have to carry something with it that the markets, foreign countries and the American people believe is a credible effort.”

https://www.huffingtonpost.com/2011/03/13/mcconnell-deficit-debt-ceiling-threat_n_835039.html

DemocratSinceBirth

(99,710 posts)
2. Trump turned water into, errrr, water...
Tue May 1, 2018, 11:35 AM
May 2018

If you wanted to give the economy a lil jolt you would have done an infrastructure program or geared the tax cuts to benefit those with lower incomes based on the principle that the less money you have the more of it you spend.

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