Trump Policies Fail to Generate Growth He Promised- failed to reach the 3 percent promised land

Discussion in 'Politics' started by exGOPer, Feb 28, 2019.

  1. exGOPer

    exGOPer

    CNBC: “Throughout the 2016 campaign and since, the president and his party have vowed to kick-start tepid Obama-era economic growth. Specifically, they insisted tax-cuts and deregulation would return growth to its post-World War II average of 3 percent – a level, candidate Trump said derisively, that Obama became ‘the first president in modern history’ never to reach in a single year.”

    “New government data this morning show that Trump, too, has failed to reach the 3 percent promised land, according to one major metric. The Commerce Department’s Bureau of Economic Analysis measured 2018 growth at 2.9 percent, matching the peak Obama enjoyed in 2015.”
     
    Last edited: Feb 28, 2019
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  2. UsualName

    UsualName

    That’s with inheriting a strong economy, full employment then paying off companies and wealthy with a massive tax cut.

    In a consumer based economy, F 150s is what creates growth not Ferraris.
     
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