https://www.justplainpolitics.com/sh...onomy-by-trump
Have you made a conscious decision not to "get in the way or anything" when threads like this appear, little Thingy?
Conservative economists agree that in times like in 2007 it is better to cut regulation, cut FedCo spending, ride out the trough and then, in a few months, watch the economy bounce back with vigor. Doubling down of FedCo spending greatly lengthens the time that the private sector needs to recover. And recover they will, but in spite of the politician's actions, not because of them.
Regrettably, both parties see these downturns as an opportunity to seize still more power, under the guise of some economic theory that has never been proven to work.
agree. those who continue to say "Trump inherited the Obama recovery" in an attempt to not give credit to Trump for deregulation and tax reform are disengenuous ( to put it mildly)
The economy is a continuum. However presidential policy does shape the economy under their watch.
It's best to look at what each one did, and the positive or negative results from their initiatives.
Trump took a great unemployment improvement under Obama, and 'improved' on that it for GDP growth and wage growth,as well as continuing the unemployment reductions.
also recall Obama lived on almost zero interest from the Fed, while the Fed is now scheduling regular increases - FYI.
TTQ64 (06-18-2018)
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