'President Trump has not transformed the U.S. economy for the better, as he promised he would. It has not 'exceeded expectations,' as he claimed' - RexNutting, offering proof in this series of charts:
President Trump has not transformed the U.S. economy for the better, as he promised he would. It has not “exceeded expectations,” as he claimed in a speech Tuesday in New York.
Despite Trump’s desperation to juice the economy with tax cuts, spending increases and interest-rate cuts from the Federal Reserve, there’s been only a modest and temporary uptick in the growth rate. In Obama’s final four years, government austerity subtracted an average of 0.5 percentage point from GDP each year, according to calculations by the Brookings Institution’s Hutchins Center.
Trump managed to squeeze a little more growth out of the economy, but at the cost of hundreds of billions of dollars from the Treasury. That cost might be worth it if the tax cut had laid the groundwork for higher economic growth later due to large investments in private businesses and public works. It didn’t.
His environmental, labor and immigration problems are a slow-rolling disaster that will reverberate in our economy for decades. His deregulation policies are heavy-handed and counter-productive. His corruption of American standards of ethical conduct could be long-lasting. The dogmatic judges he’s packed the courts with will be a negative for the economy and our democracy.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump presidency is due to 'failures of the Obama era,' says Pete ButtigiegSocial media users wondered if Pete Buttigieg had needlessly alienated African-American voters, whom he is struggling to attract.
Lire la suite »
Obama Buddy Deval Patrick Latest to Mull Late Presidential BidA key question looms over Patrick's 2020 plan: Would he even consider a run without Obama’s tacit approval?
Lire la suite »
Michelle Obama enlists celebrities for voter outreach initiativeFmr. First Lady Michelle Obama is using a celebrity 'voting squad' to drive more Americans to the polls. Some of the celebrities involved in her 'When We All Vote' initiative include Megan Rapinoe, Janelle Monáe, Lin-Manuel Miranda, and Tom Hanks.
Lire la suite »