Record low unemployment, record high markets,
Question: What is the primary catalyst for low unemployment and Wall St. records?
Answer: the tax cut.
Question: On what grounds was the tax cut justified to the American public?
Answer: That increased economic activity would result in reduced deficits.
Question: Did that happen?
Answer: No, the deficit has swelled to over $1T.
Question: What did Repubs scream and yell about all during the Obama admin?
Answer: The deficit, preventing the economy to recover faster from the Bush recession due to a restriction on the kind of deficit spending Repubs opposed then but now cheer.
Despite Trump’s promises, deficit soars in 2019
Despite Trump's promises, deficit soars in 2019
Obama takes office as the effects of the Bush recession take hold. Credit markets freeze, foreclosures soar, the economy loses 500K jobs a month, the entire global economy is effected. Gradually, despite Repub sabotage, the economy improves and deficits decline.
Now, even with the economy growing at trend growth of around 2%, we have growing deficits due to the tax cut Dems correctly said would not pay for itself.
Got it?