General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums*MUST READ* Six questions about Trump's economy you were too embarrassed to ask
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. Whats 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.
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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.
bronxiteforever
(9,287 posts)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 nations overall debt.
I dont intend to support raising the debt ceiling, and I dont 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)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.