L L wrote:
[quote]Reasonable republican wrote:
Yeah but context matters trump didn’t take power till halfway through Q1 2017 in which the growth was 1.2%. I would argue that we started seeing his policies truly take effect in Q2. Let’s see how 2018 goes now that trump owns the economy thanks to the tax cuts. I think you will be pleasantly surprised.
20 days is not half of 91 days.
Following your logic Q4 would have been strong but it dipped in Q4, bringing the pace down.
All of that said, the President does not have that much affect on the economy.
Some, yes, but not the majority of influence.
I only point the stat out for all of the people constantly pointing out the the US did not have a full year over 3% under Obama and now it didn't happen under Trump.
And there was serious momentum in 2017 and it still didn't happen.
Sure, maybe next year and maybe the tax cuts will give it that bump.
The same bump if I would get an increase in a credit line. Doesn't mean I made more money, but I could spend more.
And the tax cut is deficit spending.
GDP is made mostly of consumer spending, then business investment, then government spending then next exports.
The spending on banking and healthcare is a big chunk of consumer spending.
Business investment is doing well.
Government spending keeps going down hurting the GDP.
And we have a negative net export number.
The tax cut will boost business investment for sure.
It could help some with consumption. It better.
The lack of government spending and no infrastructure talk isn't good.
The America first motto and unsure trade deals isn't making countries really want to buy American. I don't know if exports will do better.
The tax plan assumed a growth of 3-4% annually sustained to make it work.
Listen I fully understand that the president doesn’t have a huge effect on the economy except when it comes to major policy proposals like tax cuts or a stilumus package (obama) for example. 2017 trump was just getting started the tax cuts happened late inQ4 so we won’t be able to see the effect they had till 2018 Q1. Whether you like it or not Trump owns the economy now 2017 was 50/50 between trump and obama I think most reasonable people will agree.
The best part is numbers don’t lie and I think we will see some great results from these tax cuts in 2018 that liberals will have to accept.
Just so we’re clear on future posts I have a question for you.
Does trump own the economy now (whether it goes up or down)?
Just to be clear so you can’t go saying all the great results we see in 2018 are due to Obama.
Like I said I think you will be pleasantly surprised.