Trump's Economy Still Unable to Rise above 3% Growth

Oh my - you can’t make this up. ^^

 

lol. yes; however, just about AnyOne, can come up with diversion instead of a valid argument for rebuttal.

 

Econ 101 - increasing the price of labor results in fewer people employed. That’s actually the racist history of minimum wage laws.

 

How does that explain Seattle or San Francisco?

there is no unemployment under Capitalism, only underpayment.

 

I do understand that its hard to implement spending cuts but without spending cuts, tax cuts are meaningless. What will happen is that the next administration will see the big deficit and enact tax increases to fix it. If you look at tax rates since Reagan, they jump up and down without any real improvement. Instead, we get rid of the Senate filibuster. This can easily be done during a democratic administration where the democrats will more than agree to get their agenda passed.

Here are some things that can happen. We can try to cut spending in places that both parties can agree with like military spending. Problem is that Republican presidents and congresses have many times in the past put forward bills that increased spending. Trump has proposed a 4.4 trillion dollar budget that increases government spending by 300 billion mostly in infrastructure or military spending. Instead of increasing spending, why not at least move it from somewhere else?

Here are my fiscal related proposals:
1. Require that congress needs to eliminate two laws to add a new one.
2. Require that all bills by deficit neutral except in times of war or recession.
3. Require 60 votes for any new regulations, taxes, or new spending. 50 votes for deregulation, lower taxes, and less spending.
4. Tax cuts should not increase income inequality and be more aimed at small businesses and the middle class.
5. Focusing on deregulation and tax simplification are great ways to save taxpayers money without debt.
6. Fix our 3.5 trillion dollar healthcare problem and reduce it to half its cost just like other developed countries.

 

Too funny. Total employment increases after the minimum wage was increased does not mean the increasing the minimum wage caused employment increases. The employment increases would have been larger if the minimum wage had not been increased.

Where did you get that from ??

??

What is the source that I asked for above ??

 

Lol you’re still parroting this completely disproven bullshit?

 

Supply side economics grows the economy at a maximal rate. It's that simple. Obamanomics grows the economy at a substantially lower rate.

Clinton's economy did not benefit from the income tax increases. The surpluses were the result of significant increases in cap gains tax revenues after the rate was reduced by ~ 1/3 and the much reduced military spending due to the implosion of the Soviet Union which was due in part to Reagan's military spending.

The income inequality meme is BS.

Americans pay for the healthcare they receive. There is no problem with that. The health care problems are Medicare and Medicaid which should be privatized just as it is for federal government employees.

Trump is the champion of deregulation as well as tax simplification. And round two of tax reforms are just around the corner.

None of your list is going to happen. It's not politically possible.

 

This has been repeatedly refuted.

 

Now there is an insightful post ?? But unfortunately completely devoid of reality.

 

By whom ?? Mr. Rahl ??

 

All attributed to the tech boom. Supply side is a proven failure

 

Myself and about a dozen other people.

 

All of this has also been repeatedly refuted.

 

Lol, you know perfectly well your bullshit has been completely refuted. I can’t believe you are still in this thread.

 

No, it wouldn't. The unemployment rate was higher when the minimum wage was lower and is higher wherever the minimum wage is lower, in most cases.

 

That’s not a lot. Got any book references which support this ??

 

There is absolutely no causation in the above.

 

Too funny.

 

You’ve been shown how and why supply side is a proven failure, with multiple citations. And you know that.

 

Too funny. More nonsense from the advocates Obamanomics. 1% productivity growth is aces.

 

I’m glad your amused, but reality is what it is. The economy in the 80’s and 90’s was fueled by the tech boom. All supply side did was redistribute wealth from the middle class to the richest 1%.

 

So you have absolutely nothing.

 

I’m sorry you prefer to detach yourself from reality, but reality remains none the less

 

More unsourced nonsense from the Obamanomics champion.