Quote:
Originally Posted by Jim in CT
Pete, Obama and Trump each added trillions to the debt in at attempt to spur growth. (trump increased the take home pay of tens if
millions of Americans as he did so, Obama did not) Is there any evidence that suggests that growth was short lived? We’re still growing...
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Ahh, but Obama did increase wages and don't forget he started way in the hole.
Floridaman is in power at the end of the business cycle and historically wages have always risen then, though it still is minimal compared to the usual business cycle and is far from the best ever as Floridaman claims.
Floridaman was lucky enough to get on Obama's coattails, best coattails ever.
https://www.frbatlanta.org/chcs/wage-growth-tracker
Without fighting trade wars, kicking allies and kissing dictators we could have had wage and GDP growth over 5% like the usual business cycle.
But instead we have the Floridaman MEH and he has you convinced it's great because he says so.
The odds are pretty good it has already turned down.
You'll find out in 6 months.
What's Floridaman going to do then, print money?
See what that does for your savings.