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By Boro Friend
#491720
Phaedrus wrote:
Boro Friend wrote:If the hero is Trump, things are looking pretty good right now. The press and the left wing zealots seem pretty lost. It has to pretty tiring on that tread mill.



The economy is pretty good right now, but aside from the "Trump bump" in the stock market, there has been no change in economic indicators over the last two years.


You can't stay on the trajectory we are on and expect to see no change in economic indicators. If and what they do with tax reform will impact those indicators. The guy hasn't been President a year yet. Given the fanatical ravings of the left the last thing they want to see is Trump succeed.
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By Phaedrus
#491723
Sorry, I overlooked your initial response. Many of the things you cite are a win for the right, or a fulfillment of Trump promises, but we disagree with whether they are a win for America, so I will not address those.

I already admitted to the obvious bump in the stock market, but that may not be a good thing, as I will get to. The unemployment rate has come down, but job creation has been on the same trend for four years and the decrease in the unemployment rate is also part of that trend. There is no evidence to connect any of it to Trump policies, or complete lack of legislative achievements.

But it is the case that it is too early to say what effect Trump will have on the economy. One year in office is not enough as the economy does not respond with the speed of the stock market, so it may be that Trump's deregulation will have a future effect on productivity and growth.

I believe that tax reform will put more money in the hands of people who may invest in jobs, but are just as likely to create a huge bubble in the stock market. I don't see where the demand is going to come to justify the increased investment. I beleive it was Ryan who said something about businesses increasing inventories. Why would they do that in the face of flat demand and ripped up trade agreements?

I fundamentally do not believe in supply-side economics. We are going to explode the deficit for no good reason because there is no slack in the economy and it will not respond to the tax cuts in the way predicted. In any event, let's wait for those changes in economic indicators you say are coming, because they have not happened yet.
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By Boro Friend
#491743
I believe it is too early for a report card. I simply pointed out I like the trend. I didn't really expect you to agree with any of it.
User avatar
By Phaedrus
#491748
And I was just pointing out that the economic trend was there before Trump. I don't remember you liking it then.
User avatar
By Boro Friend
#491763
Phaedrus wrote:And I was just pointing out that the economic trend was there before Trump. I don't remember you liking it then.

Regardless of what you remember we appear to be headed in the right direction.
User avatar
By Boro Friend
#491767
Things definitely got better after the recession and then hit an anemic state or best a holding pattern . I believe as the President believes that we can do much better . That's the hope.
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