Hmm... What, specifically, is the US declining on at this point that is the fault of Trump? So...no proof, then. No examples. Just more conjecture. As usual. Make a wild statement, get asked for proof and have none. The Zzzz/Volpunter modus operandi.
Similar to great depression with FDR, most economists believe that the best strategy would be quick failure and recovery with no government stimulus for the 2008 recession. FDR's policies extended the great depression for a decade. It was the wrong thing to do in the 30s and the wrong policy for 2008. However keep in mind that to prevent contagion in the banking system, the government must back the counter-party notes of failed banks so the other institutions do not fail in a chain of bank defaults. However the original bank with with poor risk policies must be put into receivership. The next point is one lesson that the great depression taught the U.S. is that investment and commercial banks must be broken apart to prevent systemic failures. Unfortunately the U.S. has walked away from such policies in recent decades leading to the issues in 2008. It is time to re-instate Glass-Steagall.
And there are over 50 studies showing the stimulus did not work. It is a miracle that they found 9 studies that say it worked.
The entire nation has to swallow up those increases so that you can push your unemployment rate one further point down via low level jobs? Goodness, on which planet are you living?
Decline in moral and ethical values. You have one of the biggest liars and cheats in power. Need more? That is the fault of Trump. Even McCain and many other hardcore Republicans think in the exact same way
Yeah, most economists who bow to the Ludwig Von Mises Institute. Your source is the Foundation for Economic Education? Sounds like a re-education camp. http://rationalwiki.org/wiki/Foundation_for_Economic_Education Spearheaded by Republicans. And you know why you can't distance the policies from the Republicans? Because the bills were named after their Republican authors.
I looked for the other studies. Only saw a bunch that concluded it was useful. Current consensus among economists was quoted as over 80% of the opinion the results were worth the cost. Would like to read some contrary views. Can you post some links for me. Only interested in current opinions of economists. Not so much in preliminary opinions. Would be much obliged for some good links. Thanks. This is a topic that greatly interests me. I guess i should mention that i just ignored early opinions that were formed before any significant effect of the stimulus could have possibly had much effect.
There is numerous studies and media about the stimulus failing. There are 12.5 million results in Google. Here are some from the first page... Barack Obama's Stimulus Didn't Work http://www.usnews.com/opinion/blogs.../2012/12/18/barack-obamas-stimulus-didnt-work How the $800B stimulus failed http://nypost.com/2012/01/29/how-the-800b-stimulus-failed/ The Reason That Shovel Ready Stimulus Didn't Work Is That There Wasn't Any Stimulus http://www.forbes.com/sites/timwors...s-that-there-wasnt-any-stimulus/#51a337203e5f
Don't be so melodramatic. Not every product is consumed by every person, and not every product will see a price increase. Some will have margin compression. Some a mixture of both. Regardless, this is how it works. We're not the only country to suggest imposing a tariff.
Says you. I thought Obama was a much bigger liar and cheat. What you're stating is an opinion, not a fact.