I am neither. And The Hill is not "every economic outlet." The economy has been improving since 2008. Fact. Not fake.
How do you feel about Trump 1 year later?
- Thread starter Steven15
- Start date
we have different definitions of fact apparently
The Wall Street Journal asked 68 business, financial and academic economists who was responsible for the strengthening of the economy, and most “suggested Mr. Trump’s election deserves at least some credit” for the upturn.
A majority said the president had been “somewhat” or “strongly” positive for job creation, gross domestic product growth and the rising stock market.
The pros cite the White House’s push for lighter regulation and the recent tax bill as critical to a pro-growth environment; more than 90 percent of the group thought the tax bill would boost GDP expansion over the next two years.
just going to have to agree to disagree..
Unemployment 4.1 percent, down from 4.8 when President Trump took office, GDP growing at more than 3 percent, faster than the last two Obama years, the stock market hitting new highs nearly every day.
Well, I'll cut to the chase. I intend to give Donald Trump as much credit any success during his administration as many of you gave President Obama. In other words...zero. And "somewhat" is not exactly a ringing indorsement.
I gave Obama credit for what I felt he deserved credit for. He was good in some aspects of immigration. He was awful on foreign policy and healthcare.
I want less government in my life. Less taxes taken. Less government regulation. Less welfare state.
but we can agree to disagree man.. All the best to you!
We probably aren't going to agree and to be clear, I'm not saying Trump doesn't deserve credit for continuing the growth or even for using a tax cut to spurn even more growth.
But folks forget that Obama inherited the worst financial crash since the great depression and was in the midst of fighting two resource sucking wars. You can hate Obama, that is fine, but to say that he didn't help steady the country financially over the course of his 8 years is not fair. And Repubs would never give him any credit for it. When Obama took office the year before the GDP was -.03% growth the year before and then -2.8% with the collapse, hemorrhaging losses of 500,000 jobs a month before he took office. When Obama leaves office he has steady job gains (all jobs lost in the crisis are gained back by 14' and GDP is steady with about 2% of growth year over year. Median household income dropped the year before he took office in 2008 and finally rebounds when he leaves. Stock market around 700 when Obama takes office and up to about 2200 with steady gains throughout his time in office.
Again, presidents get too much credit or too much blame, but to say that Obama deserves no credit? Did people think the economy was going to tank bc someone else took office? Trump doesn't deserve credit for the trajectory of the economy when he took office, but he does deserve credit for not stifling or implementing policies that change that direction. When the tax policy (and maybe the expensive wall) go into effect, then we can judge the impact as it unfolds over the next couple of years. In the short term it has stimulated stock prices, for sure.
I'm so confused...you're from NY, Melania is you sig, hOprah 2020 is your avatar, you like the tax cuts for you but don't think they're good for others
1. I used to live in NY, many of the most talented people in our society end up there at one point, as we are recruited by the big companies.
2. Melania is a hot, slutty piece of ass. Would bang.
3. Hoprah is equally as qualified as Dumpy Butt Donny.
4. I will benefit from the tax cuts b/c I make a shit ton of money and own a company. But historically, tax cuts only have a short term benefit and most of that benefit goes to ultra wealthy. not society as a whole. This is why historically (prior to the Clinton admin), periods of low taxes have always been followed by periods of extremely high taxes.
What kind of business do you have? As an owner, will the tax cuts trickle down to benefit your workforce and to what degree? Genuinely interested as I work with business owners in many industries.
Good:
Bad:
Overall:
I vote for a president based 95% on economic and financial matters. The market, the economy and taxes are all huge wins. Entitlement reform and spending need to come next. The rest of the stuff falls into the 5% bucket that isn't enough to sway my vote one way or another. So I'm a supporter.
- Market - My portfolio has been on fire since election night.
- Economy - GDP growth, low unemployment, business investment, etc.
- Tax reform - I would have preferred some changes, but overall a positive change and my family will benefit significantly. And the corporate benefits will have major positive impacts on the economy.
- Entitlement reform - While not enough action yet, opening up work requirements for welfare (as Clinton did, but Obama reversed) and medicaid is a step in the right direction.
- Foreign policy - His approach will find it's place in the "bad" section, but at least he is tougher on countries like NK and puts America first.
- Regulation - rolling back restrictive regulations. Might not agree with all individually, but limiting regulation (within reason) needs to occur.
Bad:
- "Presidentialness" - The office of the president should be more, um, polished and professional than Trump has been.
- Twitter - whether it's Rocketman (which is hilarious, just not presidential) or rubbing the recent budget concession in Shumer's face, it's just not a good look.
- Spending control
- Stubbornness on certain topics
- Political savvy - use the public conversation to your advantage, not to push the left further away so that you can't achieve your goals
- Off the field distractions
Overall:
I vote for a president based 95% on economic and financial matters. The market, the economy and taxes are all huge wins. Entitlement reform and spending need to come next. The rest of the stuff falls into the 5% bucket that isn't enough to sway my vote one way or another. So I'm a supporter.
Wasnt it candidate Trump that told us that this number is BS and is not an accurate representation of what is really happening?
I own a marketing agency. I am not sure how much the new tax cuts will affect me personally yet. I pay myself a small salary and take the rest as dividends, so my CPA does a pretty good job of minimizing tax burden as is. I read that I would technically classify as a "consultant", which was omitted from the 20% flat rate for small businesses. If I do get a huge tax break, I will just buy a boat and put a picture of it up in the office for all employees to look at. I will call it the "Trickle Down".
As a service business you likely won't benefit in that regard. Calculation of QBI will have a large impact on business owners. Still other (existing) planning/tax mitigation strategies available.
