Originally Posted by
AfricanBluebird
My headquarters are in Minnesota
Most of my colleagues believe the economic growth in the US was just a continuation of the Obama policies and while give trump credit for continuing them wonder why a 14% cut in corporation tax was needed... the economy was already stimulated!
Adding 1.7 trillion dollars onto the deficit on an already stable and growing economy seems barmy. Especially when 90% of savings has gone to buying back shares in their own corporations. While the stock market has that kind of movement the markets react well .. but it’s all based on a deficit
Additionally you have a republican president giving hand outs to farmers, a trationaly no-no for republicans and lambasted by republicans when democratic administrations done similar things as ‘socialism’
To service the deficit the administration are attempting to cut social welfare funds
The whole trump economic success is based on a lie and a seeking out the poorest of the poor
Non partisan world economic experts expect a major US recession as the country comes to terms with a huge deficit, tax cuts that will not increase the working wages in line with inflation, trade wars that will eventually see jobs being lost and corporations gaining more and more power.
Time will tell but the economic arguments for trump seem very short sighted
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