'This is going to end badly for everyone': Wealthy venture capitalist Nick Hanauer is on a mission to fix the American economy before it's too late P - arizona1, That is an excellent Hanauer sum-up of Schultz. P - "Afraid of AOC? LOL. I love her. She makes Democrats who support her look ill informed and pollyanish. C'mon sweet pea. Let's see you take on Nick Hanauer. LOLOL Watch venture capitalist detail how AOC is actually more centrist than billionaire Howard Schultz" https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146491885
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Democrat presidents are good for the economy. Why? Pragmatism. Resulting in Democrats acting on evidence of what economic policies have been successful. And under what particular circumstances.
"Why Are Republican Presidents So Bad for the Economy? [...] For the most part, however, Republican economic policy since 1980 has revolved around a single policy: large tax cuts, tilted heavily toward the affluent. There are situations in which tax cuts can lift economic growth, but they typically involve countries with very high tax rates. The United States has had fairly low tax rates for decades.
The evidence now overwhelmingly suggests that recent tax cuts have had only a modest effect on the economy. G.D.P. grew at virtually the same rate after the 2017 Trump tax cut as before it. If anything, the Clinton tax increase of 1993 has a better claim on starting a boom than any tax cut since."
Toss in the Republican mantra of small government. Their starve the beast bit.
To link yours to a few:
The Ghost of Trump Chaos Future Sorry, investors, but there is no sanity clause. By Paul Krugman [...] The truth is that most of the time, presidential actions don’t matter much for the economy; short-term economic management is mainly up to the Fed. But when bad things happen, we do need the White House to step up. In 2008 and 2009, it mattered a lot that officials of both the outgoing Bush administration and the incoming Obama administration responded competently and intelligently to the financial crisis. P - Unfortunately, there’s no reason to expect a comparable degree of competence if something goes wrong again. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145774414