The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27030
Likes: 34310


Hate to say it Tom, but this buttresses the case that the economy was


simply on this trajectory when Trump came into office. The tax cut is the single biggest factor super-charging the economy, in most people's minds. Trump didn't even take office until almost a month into 2017, and the tax cut didn't take effect until 2018. Wasn't passed until the very end of '17.

I think business sentiment improved on Trump's election, and you can hang your hat on that I suppose as the only reason for this. But that would be shaky logic IMO. Put it this way - I forget what the numbers in total were in this article I read recently, but the total number of jobs created in the last 19 mths of Obama's presidency were almost exactly the same as the total created in the first 19 mths of Trump's presidency - Obama's last 19 mths actually slightly eclipsed Trump's first 19.

So at some point, supply-demand is going to drive up wages a bit. I don't think liberal dems have egg on their face with this report - I think it actually supports the notion that Trump is overstating the credit he personally deserves for the economic strength we've seen in the first half of his term.
[Post edited by hoolstoptheheels at 09/12/2018 5:47PM]

(In response to this post by TomKazanski)

Posted: 09/12/2018 at 5:45PM



+8

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  I'll read the post later, but offer a few thoughts -- Capital City Hoo 09/12/2018 6:01PM
  Mrs bobs has gone up? -- TomKazanski 09/12/2018 9:19PM
  Trick question! -- Beerman 09/12/2018 9:29PM
  But in the end bob is a winner! -- TomKazanski 09/12/2018 9:38PM
  Sometimes Tommy... -- Beerman 09/12/2018 9:43PM
  It’s your argument not mine. -- TomKazanski 09/12/2018 9:01PM
  Did your mom feed you paint chips as a baby? ** -- WahooRQ 09/13/2018 09:23AM
  How are tips? They up too? ** -- WahooRQ 09/12/2018 4:41PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307