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Anyone who starts out a thread quoting something like The Gateway Pundit, a far-right, alt-right, Trump supporting website, one of whose stated aims is to discredit Obama and Democratic accomplishments, has me cynical from the start.
Going back a half century, your chart says the ratio drpped 20% under Kennedy-Johnson, stayed relatvely stable from Nixon through Carter, doubled under Reagan and Bush I, dropped 10% under Clinton, and jumped another 10% under Bush II. Aside from the Obama outlier, I don't think that graph supports the point you were hoping to make. I think you should have studied it a little more closely before posting it.
dropped under Clinton despite him passing what he claimed was the largest tax cut in history (at the time), cutting capital gains taxes from 28% to 20% and even proposed cutting corporate taxes. The others, Reagan and Bush, was because they exploded spending.. Under Democratic Congresses..
He's also on pace to average more than 3% economic growth before tax reform/repatriation. Tax receipts are way up as well. Our fiscal house is in much better shape than it was a year ago. A lot of this has gone overlooked.
Anyone who starts out a thread quoting something like The Gateway Pundit, a far-right, alt-right, Trump supporting website, one of whose stated aims is to discredit Obama and Democratic accomplishments, has me cynical from the start.
No one else is covering that fact that our debt to gdp has DECLINED for the first time in a long time. What do you want me to do? The source doesn't take away from the facts.
Come on 4% GDP and good employment for American CITIZENS.
With strong growth and a shrinking labor supply(almost in shortage range) this should put upward pressure on wages. With inflation still being low this should result in higher standards of living for us all.
Trump doesn't deserve one iota of credit. The only positive thing he's done for the economy so far is fail to do something harmful (which to be fair is a better record than most politicians and presidents have).
Worker productivity numbers are up. Consumer confidence at 20 year highs. All these numbers highly correlate with the election.
ZERO to do with anything other than a continuation of the momentum begun by Obama. Trump has actually done squat.
Quote:
Originally Posted by ALackOfCreativity
Trump doesn't deserve one iota of credit. The only positive thing he's done for the economy so far is fail to do something harmful (which to be fair is a better record than most politicians and presidents have).
This is exactly right. He needs a zipper on his mouth and duct tape on his fingers. That would be best until this dangerous know-nothing charlatan can be escorted off the WH premises.
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