09-26-2017, 05:25 PM
(This post was last modified: 09-27-2017, 10:17 AM by Eric the Green.)
The GDP statistic means nothing. It doesn't matter how much growth there is, if all its benefits are reserved for the richest Americans. That has been the case since Reaganomics was imposed in 1981. We have been stagnate ever since, or worse.
The 2009 stimulus itself was limited, since about a third of it was tax cuts to begin with, in order to mollify Republicans and Silent-generation Democrats. Since 2011 we have had austerity instead. And Warren Dew wants to give Trump credit for 2% growth. But only Trump and his followers give Trump and his GOP minions any credit for keeping the economy from crashing so far, which is all that has happened. Any benefits still extant are due to the Obama stimulus. We are lucky that Trump has not crashed the economy yet.
Trickle-down will fail again. So far though, Trump's "recovery" policy consists of a travel ban and little else, since he has not passed any policies and accomplished next to nothing yet; not even an infrastructure spending bill nor a tax cut for his rich buddies. The only thing Trump has accomplished (besides, perhaps, unleashing some polluting industries through relaxed regulations) is to appoint Scott Pruitt, who is hard at work polluting our environment and making sure we get many more more-deadly hurricanes, and Jeff Sessions, who is hard at work making sure that police can continue to kill unarmed young black guys with impunity. We can see how well this is going over among the sports teams and their fans. I guess you could say that Trump's "building stimulus" program is Harvey, Irma and Mary, but in the meantime it's not good for the economy or the national debt for so many people needing government relief funds, and unable to function and do their jobs as a result of the effects of the hurricanes which Scott Pruitt and his predecessors over the last 35 years have imposed upon us.
The 2009 stimulus itself was limited, since about a third of it was tax cuts to begin with, in order to mollify Republicans and Silent-generation Democrats. Since 2011 we have had austerity instead. And Warren Dew wants to give Trump credit for 2% growth. But only Trump and his followers give Trump and his GOP minions any credit for keeping the economy from crashing so far, which is all that has happened. Any benefits still extant are due to the Obama stimulus. We are lucky that Trump has not crashed the economy yet.
Trickle-down will fail again. So far though, Trump's "recovery" policy consists of a travel ban and little else, since he has not passed any policies and accomplished next to nothing yet; not even an infrastructure spending bill nor a tax cut for his rich buddies. The only thing Trump has accomplished (besides, perhaps, unleashing some polluting industries through relaxed regulations) is to appoint Scott Pruitt, who is hard at work polluting our environment and making sure we get many more more-deadly hurricanes, and Jeff Sessions, who is hard at work making sure that police can continue to kill unarmed young black guys with impunity. We can see how well this is going over among the sports teams and their fans. I guess you could say that Trump's "building stimulus" program is Harvey, Irma and Mary, but in the meantime it's not good for the economy or the national debt for so many people needing government relief funds, and unable to function and do their jobs as a result of the effects of the hurricanes which Scott Pruitt and his predecessors over the last 35 years have imposed upon us.