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This is Trump's economy, two years in

Rogue Valley

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This is Trump's economy, two years in

190111125701-02-shutdown-2019-large-169.jpg


1/20/19
President Donald Trump's third year in office begins with the federal government shut down, global growth slowing, and a stock market in turmoil. The economic policy decisions of the first half of his term accelerated growth in 2018, but most forecasts show that momentum evaporating going forward. An enormous tax cut and continued spending growth added rocket fuel to a slow recovery that started in 2010 in the wake of the financial crisis. At the same time, an array of tariffs have upended supply chains and raised prices, throwing businesses into a fog of uncertainty. A year ago, Trump could still have laid blame for the condition of the economy on his predecessor. Today, it's his to own, for better or worse. "Net-net we're doing slightly better, especially in the short run, because the fiscal stimulus probably has greater upside weight than the negatives, which tend to be longer lasting and more prolonged," says Greg Daco, chief US economist at Oxford Economics. "The economy has really eaten its cake, and doesn't have much left on the table." Here are the major ways the Trump administration has impacted the economy so far.....

The Tax Cuts and Jobs Act of 2017 dumped billions of dollars into the US economy, and even more came from Trump's first budget, which beefed up the Department of Defense and cut little else. Much of the cash went back to shareholders in the form of stock buybacks. The Tax Policy Center estimates the tax cuts added 0.8% to gross domestic product in 2018, at a time when growth globally was petering out.

Trump's trade policy has been an emotional rollercoaster for businesses that depend on either imported components or overseas markets. Oxford Economics estimates the tariffs shaved between 0.1 and 0.2% off of growth in 2018, and the Tax Foundation projects they will eliminate 94,303 jobs over the longer run.

The White House has consistently talked up its effort to cut "red tape" as a major accomplishment in freeing businesses to be more productive rather than spending time and money complying with federal rules. A report released recently by the Office of Information and Regulatory Affairs claims that the cost savings amount to $33 billion since Trump took office. That's not much in the context of a $20 trillion American economy, as the Brookings Institution pointed out. And many of those savings estimates depend on not counting the economic consequences of the additional risks to health and safety that come with lifting regulations — much of which is eventually borne by the government.

Sometimes you don't have to have an official economic policy in order to have an economic effect — all you need is tweets. It's apparent in other dimensions as well. Foreign direct investment in the US dropped sharply in 2017 from the previous two years and actually turned negative in the second quarter of 2018. That means foreign businesses are less interested in building factories and buying companies in the US. And it may be taking a toll on America's attractiveness to foreign scientists and engineers, who are choosing employers in Canada over those in the US. "Restrictions and delays in visa and passport applications have weighed down on immigration," says Daco, of Oxford Economics. "From an economic perspective immigration is a positive, so reducing immigration has weighed down on the economy."

Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.
 
This is Trump's economy, two years in

190111125701-02-shutdown-2019-large-169.jpg




Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.

"Average hourly earning perked up, but haven't made up for lost ground."

Damn that Trump!! He didn't do in two years what Obama didn't do in eight years...even though he's done more than Obama did.
 
"Average hourly earning perked up, but haven't made up for lost ground."

Damn that Trump!! He didn't do in two years what Obama didn't do in eight years...even though he's done more than Obama did.
I seem to remember Trump saying that his tax-cuts would be “rocket fuel” for the economy. Those tax-cuts gave a sugar rush gain in the 2nd quarter of 2018 that have faded. The tariffs are contractionary for the economy, hurting farmers and automakers. His sabotage of Obamacare hurts rural hospitals and their patients.
 
This is Trump's economy, two years in

190111125701-02-shutdown-2019-large-169.jpg




Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.

Good to see someone point out what was predicted and then verified every day as to his ideas and impact on the US and the World, sadly many were correct in their prediction. Let's hope we as a People have learned a lesson and actually learned that we must do better, or we deserve what we get.
 
I seem to remember Trump saying that his tax-cuts would be “rocket fuel” for the economy. Those tax-cuts gave a sugar rush gain in the 2nd quarter of 2018 that have faded. The tariffs are contractionary for the economy, hurting farmers and automakers. His sabotage of Obamacare hurts rural hospitals and their patients.

What "faded" the economy are the constant interest rate hikes from the Fed. It's like that bunch WANTED to push on the brakes.
 
This is Trump's economy, two years in

190111125701-02-shutdown-2019-large-169.jpg




Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.
All the same cliché's. You guys never give up, do you. Half a million new manufacturing jobs, almost that many construction jobs. 312,000 people back to work last week. Discouraged workers back into the workforce. Involuntary part-timers now have full time work. Labor force participation up. We're creating more jobs than we have people to fill them. Wages up over 3% year over year. Yeah, the economy really sucks. :roll:

See, now you can't use the old "he inherited it from Obama, because you've pronounced it "Trump's economy".

Helpful hint: When ever CNN offers an opinion on Trump, believe the opposite - you'll be correct more often.
 
This is Trump's economy, two years in

190111125701-02-shutdown-2019-large-169.jpg




Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.

The real problem with the indebtedness of the US economy is that government spending has simply been out of control for decades. No president, democrat or republican, will solve the debt crisis until Congress stops spending money it does not have, and that does not seem to be in the works. So, in spite of what good things Trump may or may not be doing, the US economy is headed for an inevitable collapse. There will be no interminable freely breaking of unbending fiscal laws of nature without tragic consequences.
 
This is Trump's economy, two years in

190111125701-02-shutdown-2019-large-169.jpg




Agglomerated, Trumps policies have had a negative net-affect on the economy. Federal debt is up and the federal deficit is ballooning. Very little "trickle-down" from Trumps tax bonanza for the wealthy and corps.

It is really sad how negative projections and failure have to be promoted in order for the leftwing ideology to win. What is it about people like you who want the nanny state and people to fail just so the radical left can regain power?

Here is what you want to ignore, ACTUAL DATA

PLUS 2 Trillion dollars added to GDP in first two years, best performance on record

4.7 Million jobs created in first two years, best performance on record

Pre recession levels for the U-6 and Part time for economic reason employees beating Anything Obama generated in 8 years

Historical low African American and Hispanic American unemployment rate, much better than our first Black President'

Record federal revenue, record state and local revenue, record consumer spending, and record charitable contributions

Tax cuts putting more money into the pockets of the American consumer who are boosting GDP Growth

So keep whining and complaining while ignore the actual record. Projections that never happen are downright lies
 
Good to see someone point out what was predicted and then verified every day as to his ideas and impact on the US and the World, sadly many were correct in their prediction. Let's hope we as a People have learned a lesson and actually learned that we must do better, or we deserve what we get.

Please tell me where state and local governments get their money when the Federal Gov't raises taxes? Sadly people like you don't understand the U.S. economy, the private sector, the components of GDP and have to rely on news media reports that destroy your credibility. We aren't the European economy where the largest component of GDP is gov't spending, we are the U.S. economy where individual wealth creation has led to the best economy in the world.

Growing up did you learn it was someone else's responsibility to provide for your own personal responsibility issues? What education system taught you your liberal ideology?
 
I seem to remember Trump saying that his tax-cuts would be “rocket fuel” for the economy. Those tax-cuts gave a sugar rush gain in the 2nd quarter of 2018 that have faded. The tariffs are contractionary for the economy, hurting farmers and automakers. His sabotage of Obamacare hurts rural hospitals and their patients.

Let's see then, tax break, less revenue coming in, spending up. What's not to like? This is the republican dream come true. It's the one they run on election after election.
 
What "faded" the economy are the constant interest rate hikes from the Fed. It's like that bunch WANTED to push on the brakes.

You are great at mimicking Trump. Do you do any other celebrities? BTW interest rates have been at historical lows for years and rate hikes were inevitable especially after those tax cuts poured fuel into the inflation machine. Have you ever heard of boom and bust cycles? Rate hikes are done to control that phenomena.
 
Let's see then, tax break, less revenue coming in, spending up. What's not to like? This is the republican dream come true. It's the one they run on election after election.

Yes it is amazing how predictable they have become since Reagan proved deficits don't matter. :lamo
 
All the same cliché's. You guys never give up, do you. Half a million new manufacturing jobs, almost that many construction jobs. 312,000 people back to work last week. Discouraged workers back into the workforce. Involuntary part-timers now have full time work. Labor force participation up. We're creating more jobs than we have people to fill them. Wages up over 3% year over year. Yeah, the economy really sucks. :roll:

See, now you can't use the old "he inherited it from Obama, because you've pronounced it "Trump's economy".

Helpful hint: When ever CNN offers an opinion on Trump, believe the opposite - you'll be correct more often.

And everything bad during o'bama's term was "Bush's fault" mentality.
 
You are great at mimicking Trump. Do you do any other celebrities? BTW interest rates have been at historical lows for years and rate hikes were inevitable especially after those tax cuts poured fuel into the inflation machine. Have you ever heard of boom and bust cycles?

They bitched about the low interest rates for years. Now they are bitching because they are being raised, a little.

Anyway raising the rates is good economics, so when the economy slows, and it will it always does, it gives the Fed wiggle room to again lower the rates to jump start the economy. when the economy slows the government usually lowers taxes too, but the Republicans took care of that already by lowering them while the economy was going strong. Really stupid move.. When it comes to economics Republicans are pretty ignorant.
 
What "faded" the economy are the constant interest rate hikes from the Fed. It's like that bunch WANTED to push on the brakes.
Let's see, Trump wanted rate hikes when Obama was president and the economy needed the stimulus. Now that he's president and the economy is near full employment, he wants low interest rates -- exactly the opposite of the way this works.
 
And everything bad during o'bama's term was "Bush's fault" mentality.

Take a look at a chart from the DOW over its lifespan. Notice the severe dip starting in 2007? Notice how it didn't start an upswing until Obama became president. Maybe you will believe a DOW stock chart that what you are saying is just plain inaccurate.
 
They bitched about the low interest rates for years. Now they are bitching because they are being raised, a little.

Anyway raising the rates is good economics, so when the economy slows, and it will it always does, it gives the Fed wiggle room to again lower the rates to jump start the economy. when the economy slows the government usually lowers taxes too, but the Republicans took care of that already by lowering them while the economy was going strong. Really stupid move.. When it comes to economics Republicans are pretty ignorant.

Like their greedy donors they never think of the future only how much money they can sock away today. Besides the very rich have actually benefited from recent recessions.
 
All the same cliché's. You guys never give up, do you. Half a million new manufacturing jobs, almost that many construction jobs. 312,000 people back to work last week. Discouraged workers back into the workforce. Involuntary part-timers now have full time work. Labor force participation up. We're creating more jobs than we have people to fill them. Wages up over 3% year over year. Yeah, the economy really sucks. :roll:

See, now you can't use the old "he inherited it from Obama, because you've pronounced it "Trump's economy".

Helpful hint: When ever CNN offers an opinion on Trump, believe the opposite - you'll be correct more often.
Oh dear, are you really going to hold this line throughout the Drumpf admin?....because I can vividly recall when you created a discussion back in early 2008 where you said there was NOT going to be an economic downturn.

Right now Europe and China are entering a recession, industrial output is already going negative, due in large part to uncertainty over Brexit and tariffs. US corps are forecasting slowdowns here.

If there is anyone I use as an inverted macro-econ barometer, it is cons like yerself.


(ps....am I on ignore...or not?)
 
Let's see then, tax break, less revenue coming in, spending up. What's not to like? This is the republican dream come true. It's the one they run on election after election.

The new socialist democrat dream is "suck it up and pay your fair share for free healthcare, global warming, more expensive experimental energy research, more welfare benefits, more services and provision for poor unemployed illegal immigrants by the millions, higher taxes and so forth, because we are doing this for you for your own good."
 
What "faded" the economy are the constant interest rate hikes from the Fed. It's like that bunch WANTED to push on the brakes.
Are you trying to argue that US corps are cash poor, they can't get cheap lending....because the FED has bumped interest rates by 25 basis points per change?

And yes, they were touching the brakes....because UE is so low.
 
The new socialist democrat dream is "suck it up and pay your fair share for free healthcare, global warming, more expensive experimental energy research, more welfare benefits, more services and provision for poor unemployed illegal immigrants by the millions, higher taxes and so forth, because we are doing this for you for your own good."

As opposed to what? Don’t plan, don’t look ahead, Leave everything alone and free, and everything will work out just fine in the long term because we are good lookin’?
 
What "faded" the economy are the constant interest rate hikes from the Fed. It's like that bunch WANTED to push on the brakes.

Did you like it when they kept the rates low under Obama? Trump kept complaining that they were artificially keeping the economy up by not raising rates under Obama.
 
As opposed to what? Don’t plan, don’t look ahead, Leave everything alone and free, and everything will work out just fine in the long term because we are good lookin’?

Most modern politicians are far from looking good. They are hateful, spiteful, vengeful, angry, disrespectful, disagreeable, unkind, unholy, crabby, greedy, selfish, conceited, crooked, corrupt, illogical, unreasonable and so forth, as if they have never been trained in acceptable civilized adult Christian behaviors.
 
Take a look at a chart from the DOW over its lifespan. Notice the severe dip starting in 2007? Notice how it didn't start an upswing until Obama became president. Maybe you will believe a DOW stock chart that what you are saying is just plain inaccurate.

Better yet, why don't you, in great detail explain how obama and his policies affected the DOW so that it had an upswing?
 
Better yet, why don't you, in great detail explain how obama and his policies affected the DOW so that it had an upswing?

Why? If you don't believe what the chart shows nothing I could possible say would convince you Obama had a positive effect on the markets. I know folks try to say how much we suffered under the worst president ever, Obama, but the chart of the DOW disagrees for whatever reasons. I'm not a financial expert.
 
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