President Trump has not transformed the U.S. economy for the better, as he promised he would. It has not “exceeded expectations,” as he claimed in a speech Tuesday in New York.
Despite Trump’s desperation to juice the economy with tax cuts, spending increases and interest-rate cuts from the Federal Reserve, there’s been only a modest and temporary uptick in the growth rate. In Obama’s final four years, government austerity subtracted an average of 0.5 percentage point from GDP each year, according to calculations by the Brookings Institution’s Hutchins Center.
Trump managed to squeeze a little more growth out of the economy, but at the cost of hundreds of billions of dollars from the Treasury. That cost might be worth it if the tax cut had laid the groundwork for higher economic growth later due to large investments in private businesses and public works. It didn’t.
His environmental, labor and immigration problems are a slow-rolling disaster that will reverberate in our economy for decades. His deregulation policies are heavy-handed and counter-productive. His corruption of American standards of ethical conduct could be long-lasting. The dogmatic judges he’s packed the courts with will be a negative for the economy and our democracy.
Source: Financial Digest (financialdigest.net)
RexNutting He has not screwed up healthcare with Medicare for all either or blown up the economy with socialism
RexNutting Once again Nutting shows he cannot read statistics.
RexNutting He has made it MUCH BETTER!
RexNutting Except Im not getting fined for not using Ibama care and my taxes are less..... the list goes but you must be one outta touch dude if you think current exotic co dictions have anything to do with Obama, he was by resume, the most unqualified POTUS in our history
RexNutting Did someone tell Trump should be very interesting 🧐
RexNutting Ask the toddlers in cages. Ask the Veterans that got deported. Ask the women of this country whom the gop are trying to control through abortion laws. Ask the murdered school children... You are so wrong.
RexNutting Has not started any new war! Remember US has been involved in self-inflicted wars for decades.
RexNutting Really? No worse? How about expanding deficit due to his tax cut for super rich ?
RexNutting There is no need for “transformation” - get gov’t out of the way and let free enterprise take over.
RexNutting Jobs are through the roof. Still 2 plus gdp all while trying to fix trade with China and rest of world. He could have taken the easy way out , done nothing, and have incredible numbers. Instead trying to fix alot of long term problems. Give the President Some CREDIT$!!
Turfline RexNutting No single person is responsible for our great economy but the person in charge always gets credit or blame. So low unemployment high stock market?
RexNutting Really..... DOW closed at record highs on Wed 13th. 27,783.59 +92.10 +0.33% DOW was 19,000 plus when Trump became President.
RexNutting Rex is a Mormon. (I think.) Weak education also. He should have furthered his education. Maybe got a PhD. And became a professor. My opinion on rex.
RexNutting Grew the deficit big time though...borrowed more for the same rate of growth.
RexNutting Great Job!
RexNutting S&P 500 10yr. Literally no change in momentum at all other than the last Oct dip on Trump's watch. 2012-2016 saw 'record gains' every other day, but how often did we see headlines boasting a hyped narrative?
RexNutting ...only half the story. Had trump not launched tariff war, not spun-up nat'l debt & deficits with corp/wealthy tax cut, US & global econ's very likely much better. Now, we have damaged reputation, wrecked farmers, massive & growing nat'l debt. I would say its a disaster.
RexNutting I have something I want to give him and it is hardly credit for anything, remotely, complimentary.
RexNutting Boss same as the old boss as the other.. anyone with half a brain can see this.
RexNutting No 0- we’re good
RexNutting Here’s the partisan, lying, nutty RexNutting spreading his leftist propaganda again. 🤦♂️
RexNutting Interesting I am sure the trump spin will say otherwise 🤡👺👹
RexNutting kuku27 Salt remains salt even if label is changed
RexNutting I 100% agree. The Fed controls the economy. It goes in cycles. The POTUS however does dictate the size of the crash, hence, GWB allowed the housing bubble to go unregulated in 07' like Trump has allowed dotcom 2.0 all over again in 19'.
RexNutting ⬇️ not
RexNutting Tough to sustain 2% jobs growth when prime age population has been flat for 10 years.
RexNutting Correct:
RexNutting But he said he did, and the markets are at all time highs under his “presidency” so come on it must be true.
RexNutting 🤡🌎
RexNutting Right, unlike what you guys predicted in 2016.
RexNutting So u r saying there was no bump at all due to massive deregulation in? Ur “facts “ need to be looked at again....
RexNutting MW .. Part of the Fake News Industrial Complex. Check out Mark Dice.
RexNutting Wow, I’m sure glad everybody finally knows that pretty much everything you right about isn’t exactly true
RexNutting We are living in an era of unprecedented prosperity. Thank you, Trump.
RexNutting I am deleting you app right now, this is crazy town!!
RexNutting drawing an imaginary straight line proves it must be true
RexNutting And we’d still be a democracy...instead of a Russian satellite
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