Quote:
Originally Posted by Clocker
Public opinion proves nothing about the reality of the economy. A reality that you ignore in favor of petty little personal slams like those above.
Trump inherited an economy that had seven years of growth under Obama. Under Obama, not because of Obama. The economy continues to be strong under Trump, not because of Trump.
If you want to challenge that, please reply with facts, not chippy little name calling.
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There is zero doubt the tax cuts increased the intrinsic value of American business (after tax profits rose and justified higher prices). You'd have tough time convincing me that didn't have a stimulative impact either through the wealth effect or the increased cash flow that went somewhere (even if some of it went towards share repurchases which in turn justified higher prices).
Whether you agree with his intervention or not, there's no question that all the brow beating of American companies he has done kept some jobs here that would have otherwise left and added others.
There's little doubt all the roll backs of regulations have been stimulative in the areas that were given relief.
Whatever the economy would have done, it has been better in the short term for a variety of reasons related to his policy.
Countering that is trade.
We don't know how that's going to end yet. The tariffs are a short term negative, but the intent is to get better trade deals with Mexico/Canada, China and other countries and also better protection for intellectual property. We may not know for awhile whether he has won the long game.
