The economy is booming.
With GDP holding above 4%, unemployment
at historic lows (significant, particularly with blacks, Hispanics, women and
teens), Labor Force Participation Rate holding steady (in spite of the quickly
aging Baby Boomer generation), wages on the increase, manufacturing is up, etc,
the combination of regulatory reductions and tax decreases are beginning to
stabilize the economy and, if allowed to continue, will begin the long process
of reversing decades, covering several administrations, of mishandling and
wrongheadedness.
Certainly, MUCH more needs to be done,
including trades deal with more countries and, MOST importantly, cuts in
spending. Without both of these, everything accomplished, so far, will be a
wasted effort.
THOUGHT #1:
The media, many economists on the Left,
along with Democrats and “Never-Trump” politicians are now claiming that NONE
of this economy is due to Trump’s policies, but, rather, are claiming that this
is actually “Obama’s economy”.
Nothing could be further from the truth
and Obama, himself, proves it.
In his 2013 budget, Obama declared
that, “In the 21st
Century, real GDP growth in the United States
is likely to be permanently slower than it was in earlier eras . . . .”).
In a townhall meeting, Obama,
discussing jobs, said, “…some of those jobs of the past are just not going to
come back….” and wondered what “magic wand” Trump had to achieve his promised
3% growth.
Unfortunately
(for Liberals), this leaves them with a couple rather unsavory choices:
- - Their god, Obama, was
wrong in his assessment of HIS OWN ECONOMIC PROWESS, or…
- - He was absolutely right,
BASED on his LACK of economic prowess (and assuming Hillary would carry on his policies), and is now lying, openly, claiming Trump’s
victories, in order to attempt to salvage his legacy.
So,
Liberals…..which is it?
By the way,
Mr. Obama, on a side note: that “magic wand” that Trump has…….it’s called
“business acumen”; something of which he has a surfeit.
THOUGHT #2:
The groups
on the Left also claimed, and continue to claim, that tax cuts and deregulation
will destroy the economy.
Yet, here
we are, in a booming economy, with only a fraction of Trump’s economic plan in
effect.
Again, this
leaves Liberals with a couple choices:
- - Either Liberals were
WRONG; that tax cuts, deregulation, etc, would destroy the economy, or…
- - IF this IS “Obama’s economy”
(those who point to a continued decline in U-3, etc), then tax cuts,
deregulation, etc, DOESN’T HARM the economy at all, so “allowing” people and
businesses to keep MORE of their own money has the SAME effect on the economy
as taking it all away from them…..so……WHY DO DEMOCRATS CONTINUE TO WANT TO TAKE
PEOPLE’S MONEY AWAY?
BOTTOM
LINE:
Quite
obviously, Democrats are wrong….AGAIN….AS ALWAYS…..in their assessment of Trump’s
economic plan. So, how are we to interpret their pronouncements of “WILL FAIL” on:
- - The trade deals
- - Spending cuts
- - School vouchers
- - Foreign Policy
- - Immigration reform
- - “The Wall”
Hirota
October,
2018
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