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Wednesday, November 14, 2018 4:15:21 PM
Trump’s Numbers October 2018 Update
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"The truth about the Trump economy
[...]
How Republicans stopped worrying and remembered they love deficits
To the extent that we’ve seen a modest growth bump over the past year, the driving reason might be one Republicans are loath to admit: After years of refusing the Obama administration’s entreaties to lift sequestration and cut taxes for workers, congressional Republicans have joined Trump to boost government spending by hundreds of billions of dollars .. https://www.vox.com/policy-and-politics/2018/3/22/17150062/omnibus-spending-bill-march-ryan-mcconnell-congress .. and pass $1.5 trillion in unpaid tax cuts .. https://www.vox.com/2017/12/20/16790040/gop-tax-bill-winners .
There’s been, in other words, a large, deficit-financed demand-side stimulus of the sort Republicans condemned when Obama asked for it but were all too happy to pass as soon as Trump took office. And after years in which Republicans warned that fear of long-term debt was stopping corporations from investing and the economy from growing, they’ve added trillions to the national credit card without any evident harm to the economy.
“Trump took the Obama economy and added a Keynesian spending boost Republicans never would’ve let Obama do,” says Sojourner."
----------
So the economy is still bubbling along, however the GOP is now a deficit-hugger and stimulating Trump's economy, as they
refused to do for Onbama. And Trump continues to either lie, misrepresent and/or exaggerate the situation in more areas
than not. The nation is increasingly deeper in debt, attempting to rig more elections, and certainly less honest at the top.
Statistical measures of how things have changed since the president took office.
By Brooks Jackson
Posted on October 12, 2018
Summary
In the time Donald Trump has been in the White House:
* The jobless rate dropped to the lowest in nearly half a century, and the number of unfilled job openings hit a record high.
* Economic growth spurted to a 4.2 percent annual rate in the most recent quarter.
* Median household income rose to the highest level ever recorded in 2017. Poverty declined.
* The growth of federal regulations slowed, and has lately reversed.
* Crime rates declined. The number of homicides went down 0.7 percent last year after rising for the previous two years.
* Carbon emissions rose. Coal mining jobs went up a bit.
^ Corporate profits, stock prices and home values set record highs.
* The trade deficit grew larger.
* The federal debt increased by nearly $1.4 trillion, more than 9 percent. Yearly deficits increased.
* The U.S. image abroad plunged.
https://www.factcheck.org/2018/10/trumps-numbers-october-2018-update/
See also:
ForReal, How many more tapes does Cohen have?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142365870
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144885764
----------
"The truth about the Trump economy
[...]
How Republicans stopped worrying and remembered they love deficits
To the extent that we’ve seen a modest growth bump over the past year, the driving reason might be one Republicans are loath to admit: After years of refusing the Obama administration’s entreaties to lift sequestration and cut taxes for workers, congressional Republicans have joined Trump to boost government spending by hundreds of billions of dollars .. https://www.vox.com/policy-and-politics/2018/3/22/17150062/omnibus-spending-bill-march-ryan-mcconnell-congress .. and pass $1.5 trillion in unpaid tax cuts .. https://www.vox.com/2017/12/20/16790040/gop-tax-bill-winners .
There’s been, in other words, a large, deficit-financed demand-side stimulus of the sort Republicans condemned when Obama asked for it but were all too happy to pass as soon as Trump took office. And after years in which Republicans warned that fear of long-term debt was stopping corporations from investing and the economy from growing, they’ve added trillions to the national credit card without any evident harm to the economy.
“Trump took the Obama economy and added a Keynesian spending boost Republicans never would’ve let Obama do,” says Sojourner."
----------
So the economy is still bubbling along, however the GOP is now a deficit-hugger and stimulating Trump's economy, as they
refused to do for Onbama. And Trump continues to either lie, misrepresent and/or exaggerate the situation in more areas
than not. The nation is increasingly deeper in debt, attempting to rig more elections, and certainly less honest at the top.
Statistical measures of how things have changed since the president took office.
By Brooks Jackson
Posted on October 12, 2018
Summary
In the time Donald Trump has been in the White House:
* The jobless rate dropped to the lowest in nearly half a century, and the number of unfilled job openings hit a record high.
* Economic growth spurted to a 4.2 percent annual rate in the most recent quarter.
* Median household income rose to the highest level ever recorded in 2017. Poverty declined.
* The growth of federal regulations slowed, and has lately reversed.
* Crime rates declined. The number of homicides went down 0.7 percent last year after rising for the previous two years.
* Carbon emissions rose. Coal mining jobs went up a bit.
^ Corporate profits, stock prices and home values set record highs.
* The trade deficit grew larger.
* The federal debt increased by nearly $1.4 trillion, more than 9 percent. Yearly deficits increased.
* The U.S. image abroad plunged.
https://www.factcheck.org/2018/10/trumps-numbers-october-2018-update/
See also:
ForReal, How many more tapes does Cohen have?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142365870
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144885764
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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