These 7 charts show Trump's tax cuts still haven't been the economic 'rocket fuel' he promised, 2 ye

But the RW complex relies on cherry-picked figures and propaganda. This is especially true where the tax cuts are concerned, because no one can point to anything concrete to support the notion that the economy is performing significantly better than it would have otherwise without those tax cuts. They just point to every cherry-picked, positive-sounding thing and proclaim that it's due to the tax cuts. They (you) aren't the least bit concerned with showing their work, and are anything but objective.

Those who counter your narrative point to negative indicators that you ignore. Job creation, for instance, is still primarily low-paying, low-skill garbage primarily in the service sector, the staple of modern American employment. Tax cuts don't magically create better jobs with better wages and salaries. The only places you'll see wages go up is where it's no longer an employer's market, and even then gains will be modest due to all the downward pressure on wages (Got to remain "competitive"! Can't eat away too much at the shareholders' share of the pie! And so on).

 

Better then a Mr. Obatards 1.8% growth after TRILLION DOLLAR inject LMFAO ¯\_(º¸º)_/¯

 

Not true! I judge Mr. Obatard after EIGHT YEARS and EIGHT TRILLION and take averages.. He sucked and so did his performance! It's actually the left that cherry pick the Morons eight year performance, if they didn't they know it would flesh out that he sucked

 

Obama's last deficit was $587 billion. Trump almost doubled that. You don't get to make up numbers. We'll hold you accountable.

 

Like I said Averages Other than that and you're cherry picking ¯\_(º¸º)_/¯

But thanks for proving my point, You take Mr. Obatards last year and try and spin it into Trumps 1st term and third year LMFAO

 

Tax cuts are justified on moral, not economic grounds.

 

The House has passed nearly 400 bills since January. Most are sitting on the Grim Reaper's desk, getting very dusty.

If you want congress to pass legislation to benefit we the people, talk to McConnell. Stop blaming the Democrats for getting nothing done. It's hypocritical right wing rhetoric coming straight out of Trump's fact-free universe.

 

Demoncrats are now back to trying to trash the economy..

 

Trump's entire term has seen the deficit go up, not down. That's one of many broken promises from Ronald Klump.

 

You guys are like the three blind mice.

https://www.whitehouse.gov/trump-administration-accomplishments/

 

This is an odd reply. It’s wrong as well. The expansion follows a recession and doesn’t become an expansion till it rises out of the trough. We have not seen the cycle have ups and down as you claim.

 

QE did not happen?

 

I hope not but yes you seem to be correct for a majority of the situations I've seen.

 

It's not wrong, you just refuse to see it logically is all Spin it how however but it always boils down to a 1.8% economic growth with a 4.8 unemployment rate and eight trillion inject.. The guy bought am illusion for his fans and clearly they loved it

 

Thanks to the Republican House.

Thanks to the Democrat House.

 

Except I don’t study based on politics. That’s you. I am reporting stone cold facts. It is 100% fact that the current business cycle expansion has been going on since 2009. I never spin. The facts need no spin.

 

Ya, so? You all jump for joy when Mr. Obatard first term deficits were a trillion plus four years straight and managed a 2% average economic growth, 7.8 unemployment and added 5.8 trillion to the debt..

 

That's what's in your head! From out here, you are no where close to being accurate If you were, what you claim to be, you'd be happy with the current climate and wealth being generated ATM.. All you do is use your Gift(?) to assault and demeanor a President with you CYCLE nonsense when you could at least give him some credit for improving your little cycle over the last three years

Your general theme is that of impending doom and collapse, and typical of the times under President Trump and with the left.. Cycle that for me lolol

 

That deficit was the Federal Reserve buying up toxic debt. It was Bush's and Obama's policy alike for cleaning up Bush's mess. You can't fault Obama for staving off a serious economic crisis and leading the country into full economic recovery, giving us the prosperity you wrongly attribute to the orange goon today.

 

The best way to raise your wages is to make yourself more valuable to employers .

Relying on Satans Democrats to raise it for you is a stupid plan and if relying on it you don't deserve a raise in your wages.

 

Yeah. Ol' Bone Spurs Really Has it All Figured Out...

 

When we no longer have Progressives and Neo-Cons leading both parties in congress THEN we can have sanity.. Until then the spending will never end it doesnt matter if the President is a R or a D.

 

First they told us the economy was going to crash under Trump so look out below. Now according to them it's not growing fast enough with unemployment levels at 50 year lows and the stock market at record highs. And now all of a sudden they're worried about deficits after their hero O increased the national debt more than all of his predecessors combined. Nice try but no cigar here ROFL.

 

It's funny how two economists can read the same article, and come to two different conclusions on what's happening. Here's a quip from the article that gets MY attention:

"A White House report earlier this year found that maintaining a sustained "boom" with 3% annual growth would require infrastructure spending, a new round of tax cuts or more deregulation - which are unlikely to pass the Democratic-led House anytime soon."

Here's the truth of the matter fam:

-We're a big country. I mean, literally the fourth largest country in the world. China, Russia, India has us beat substantially but as far as the Western World is concerned, we're #1. You'd have to merge over half the EU, to come to American numbers.

-Because of this, production demands will always be substantial in America. This has actually been a strong point for us, because demand necessitates production. So, what's been happening?

-Production is nearly gone, as we transformed into a service-sector economy. Note how the WH points out that we still lack an infrastructure bill. We haven't done anything to our infrastructure since Eisenhower, shouldn't that garner our attention?

-Government Spending is still *spending*. It continues to amaze me that we don't count government as a buyer, because that's all it functionally ever is. For all the railing against the "top-1%", there's a reason why massively taxing them will still fail to fund government programs by and large. Because government is the BIGGEST anchor on the economy.

Until and when the Left views government in the same breath it views the "top-1%", we will never get to economic fixes.

-Production also is lagging off due to the technological revolution: Office jobs will continue to decrease as we head into the 2020's.
This means there'll be fewer accountant jobs and more CEO type jobs. There will still be a demand for service-sector jobs, as those are physical but as automation has gone into even service, that will be impactful as well.

In essence, we need to increase the number of entrepreneurs in this country. It's a microeconomic factor that isn't paid attention to. Because it's not a tax, it's not a lever and you can't use "big bad Reagan". It's a part of our economy we've been ignoring for decades. It's caught up to us now.

-And everyone should have expected the pain of the trade wars. I did, but it was absolutely necessary to get China to open its markets to US Goods. We couldn't continue a bilateral one sided trade situation where China basically uses the US as a financial slave economy, while the US ships off its goods to anywhere else.

I mean, unless you're Joe Biden or Elizabeth Warren in which case the slave economy is a neat little fit

But trade is macroeconomic, we have WAY more microeconomic issues to address.

We have two ways we can go:

-Either lower the debt, or increase the GDP.

There. There are your options. Not a tax rate, not some random increase. Not some GOP bad. Not social security cutting. Those are your two options. We pick one(and have to STICK with it, for at least a decade.).

Lowering the debt isn't possible because some of those things(social security/health care) continue to increase in costs, but BY GOD will we ever not touch them. Trump knows this, and decided that lowering the debt is a fool's errand.

So we have no choice but to increase the GDP. Or what I call as "forward investment spending." That's what Eisenhower did with the highways. Cost us millions at the time, but it saved us trillions over the long run. If we have to invest in infrastructure once, every 50 years that's a good cost-to-production ratio.

Likewise, an investment in education and in increased hiring(if we're to give money to companies, it should be stipulated like public school funds are stipulated.). Through that investment in education, hiring as well as entrepreneurial training, I hope to actually stimulate the microeconomic factors that grow the economy.

On the spending side, while we spend money on sciences, infrastructure, etc. We streamline Medicare, social security and military. We need to flatline these programs. No more goodies. Adjusted to inflation, they need to stagnate so that we don't continue to bleed out dollars.

It takes someone with real guts and financial education to turn this around. A 10-year fixed budget, etc.

 

What? Nothing you posted is true.

So you don’t believe in the 4 phases of the economic business cycle?