protectionist, post: 21940189
The answer to your first question is NO, it was not the sheer force of Trump’s
personality and celebrity and his
winning the election in 2016 that drove American investors and consumers to become so optimistic that they willfully made significant and measurable improvements to the US economy in the whole of 2017.
It was his stated POLICIES (lowering the corporate tax rate, getting the US out of bad trade deals, appointing dozens of business-friendly judges, eliminating massive amounts of business regulation, restricting China from our market, ater 30 years of unrestricted access to our market. That is what stimulated the optimism.
So no, not Trump's persona alone.
If it was Trumpo’s stated campaign policies that created such amazing optimism in 2016 and 2017 that ultimately led to the April through June second quarter GDP (not so remarkable *) 4.2 %, then why did the last quarter of 2018 fall all the way down to 2.6% far short of the 6% GDP that campaigning Trumpo said his policies wouid create?
Stimulating the economy during positive GDP at 2.9% as Trumpo did in December 2017 appears to be very foolish policy at best. And now we know it is dangerous policy as well due to the record setting trillion dollar deficits that are in our future.
Are you now optimistic about a policy that includes ongoing trillion dollar deficits?
So in summary that Trumpo policy you are so enchanted with cut taxes when the gdp was at 2.9% for the final quarter of 2017, and after one year in effect, the gdp dropped to 2.6%.
Yet you still love Trumpo.
It can’t be Trumpo policy that you love, it has to be the cult of his personality that has ensnared you with all the others clinging on.
*Trumpo’ s 4.2 % GDP is not so remarkable because you don’t consider Obsma’s 4.1% GDP for a quarter to be remarkable at all.
.
Trump's deficits are permanent
Unlike the trillion dollar budget deficits that occurred during the Obama administration that were temporary and largely the
result of the Great Recession, the Trump deficits that will soon reach and
exceed $1 trillion are permanent and will only get worse in the years ahead.
The Trump deficits are the result of changes in federal spending and revenue that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.
Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin