william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
Effectively the only thing going his way in the economy for the first nine months was deregulation and it is still the main engine of growth. If GDP growth/qtr keeps up the same pace we will have 10% +/- @0.8% GDP growth by the end of his first term.
Now with the tax bill passed the following engines of growth will kick in.
A French style WTO-compliant tariff of upto 10% to encourage foreign investment and deter out-sourcing. This should tack on 4-5% over and above the returns on deregulation.
Then there are the deduction CAPs of mortgage payments and SALT that will act to reduce interstate wage and tax differentials. Pelosi is right this will be Armageddon for the Democratic party machine. More importantly to Trump it will raise income and wealth among his base due to tax flight from high cost states making reelection to a second term a slam dunk. However this will destroy the no show jobs and ability to subsidize ballot stuffers and eventually voting by the dead and non-citizens enjoyed by the Blue states. Since writedowns on existing construction stock do not enter into GDP calculations this means that the new construction tax flight from the blue wall to the Red Edge will be all plus for GDP. But the ghost cities and towns created within the blue wall will start to really blossom in 2022 when reapportionment kicks in. That will get the rest of the Trump Agenda will really kick in when he is a lame duck.
The big problem is that this has been in your face politics that's hits the Ds and MSM literally where they live.
Now with the tax bill passed the following engines of growth will kick in.
A French style WTO-compliant tariff of upto 10% to encourage foreign investment and deter out-sourcing. This should tack on 4-5% over and above the returns on deregulation.
Then there are the deduction CAPs of mortgage payments and SALT that will act to reduce interstate wage and tax differentials. Pelosi is right this will be Armageddon for the Democratic party machine. More importantly to Trump it will raise income and wealth among his base due to tax flight from high cost states making reelection to a second term a slam dunk. However this will destroy the no show jobs and ability to subsidize ballot stuffers and eventually voting by the dead and non-citizens enjoyed by the Blue states. Since writedowns on existing construction stock do not enter into GDP calculations this means that the new construction tax flight from the blue wall to the Red Edge will be all plus for GDP. But the ghost cities and towns created within the blue wall will start to really blossom in 2022 when reapportionment kicks in. That will get the rest of the Trump Agenda will really kick in when he is a lame duck.
The big problem is that this has been in your face politics that's hits the Ds and MSM literally where they live.
