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It's no different than the Trump tax-cuts: In reply to criticism that the tax-cuts will blow up the debt, they say, 'well, the middle class tax-cuts expire, so more revenue will be coming in.'
In reply to criticism that middle class tax-cuts will expire raising taxes on the middle class, they say, 'future Congresses will extend them.'
They can't both be true. If future Congresses will extend them, then they blow up the debt more than the added $1.5 trillion (plus what is already scheduled to be added to the debt.) If Congresses doesn't extend them the middle class gets a tax increase.
Will the press talk about trump's successful results in such a short time with the economy, rising blue collar wages, low unemployment rate and a record consumer confidence index or continue to focus on BS like his tweets and Matt Lauder?
I suspect the latter.
What did Trump do to create any success anywhere? Please help me here...what laws did he pass, what regulations did he repeal that has caused the economy to do anything?
Amazing an administration that has a concept of how businesses/economies operate. As opposed to Barry Marx that we had for 8 long years.
Ah, another poster that isn't influenced by actual facts. Look at the graph above, "Barry Marx" had quarters that were better than Kremlin Donald. Moreover, 2016 had better YTD job growth than 2017 -- but you would never know that in the right-wing echo chamber.
But again, if 2017 is being boasted as great, what policies have changed to make it great? We are living under the same economic policies as Obama.
Everything grew, from product manufacturing to corporate profits.
The Bureau of Economic Analysts attributed at least some of the economic growth in GDP, the first time the economy has grown for two straight quarters since 2014, to a decrease in imports - a priority of Trump's Administration - and small, if significant, decreases in government spending at both the state and Federal levels.
In addition, the BEA noted that there's been an increase in private investment, and a marked turnaround for corporate investments (to an increase of $60 billion in the third quarter from a decrease of $33 billion in the second).
the first time the economy has grown for two straight quarters since 2014
What on earth are you reading? There has not been a negative GDP growth figure since 2009. That's some 30 or so straight quarters of GDP growth. From MTAtech's post the previous page:
First, that means that three years ago, the economy had a quarter that was faster growth, which undercuts Trump's brag that his growth is better than Obama's. The reality is that quarterly growth goes up and down.
Second, this is a bit like Schrödinger's cat -- the economy is strong but the economy is weak, so we need tax cuts.
Thanks for providing the chart. It shows a year of slowing economic growth with a strong downward trend for the last year prior to the election. Thankfully we got the socialist-in-chief out of the oval office and turned that trend around with the election.
What did Trump do to create any success anywhere? Please help me here...what laws did he pass, what regulations did he repeal that has caused the economy to do anything?
For one he hasn't time to do anything and second he can't affect the economy no more then Obama could.
No one president can fix something like the economy. Thirdly he plays too much golf to take credit for anything.
Thanks for providing the chart. It shows a year of slowing economic growth with a strong downward trend for the last year prior to the election. Thankfully we got the socialist-in-chief out of the oval office and turned that trend around with the election.
You need to improve your graph reading skills. If you look at the "X" axis at "2016," that was Jan 2016, and it shows and upward (not downward) slope.
Essentially, we are on that upward slope started in 2016. Anyone who is trying to sell us that Trump is responsible for the upward line would need to explain how he was able to make that happen a year before inauguration.
Oh, while we are at it, please not the large growth starting in 2013. You know what happened in 2013? Obama got the upper-income Bush tax-cuts to expire.
Thanks for providing the chart. It shows a year of slowing economic growth with a strong downward trend for the last year prior to the election. Thankfully we got the socialist-in-chief out of the oval office and turned that trend around with the election.
That same chart also shows an upward trend in growth in 2014 and early 2015. Guess who was president then?
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