General Discussion
In reply to the discussion: "What about her corruption in Arkansas!" Guy was unhinged at the tailgate party on Saturday. [View all]smirkymonkey
(63,221 posts)Any economic bonus that they are seeing now is still a residual of the Obama economy and some short term effects of Trump's sorely misguided tax cuts. Eventually Trump's policies are going to tank the economy - there is always a lag.
The reason that the market is going up is because with the tax cuts, companies bought back their own stock - instead of hiring or increasing wages - therefore reducing the number of shares outstanding and increasing the price per share.
My own company is a prime example of this. The price per share has jumped by over $40.00 per share since the tax cuts. The stock market is not a measure of the health of the economy at large. It's all smoke and mirrors with this administration and sooner or later it will all come falling down.