Quote:
Originally Posted by wdmso
Nope still waiting on my check not that 1200 is going to change my life it will go right back at Tax time to the Government .. for the huge tax break i ve been told we all got...
Just because Trump keeps telling you all these things are because of him . you might try actually looking into it  |
"He kept us safe, thats his Job '
Let's recap...
WDMSO: Trump didn't do anything to make us better off.
Jim: He kept us safe.
WDMSO: that's his job.
Earth to Wayne, yes that is an important part of his job. And he did that one part well. There are things that he stinks at, but he did that well. You just can't bring yourself to say it. Everything he does, is "doing his job".
"he got unemployment to the lowest it's been in 50 years, Had nothing to do with anything he did"
He lowered the corporate tax rate from 35% to 21%. What that means is, investments in growth that might not have been feasible at a corporate tax rate of 35%, suddenly are a great investment at 21%. Income tax is the "cost" of income. And as I'd assume you already know given your knowledge of macroeconomics, when the cost of something goes down, the demand for that something - no matter what it is - goes up. In this case, the demand for income went up, and one way to achieve more income is to grow and expand, and that requires labor. Which means more jobs. Which lowers unemployment.
He also eliminated regulations, which makes incentivizes growth. He also incentivized businesses to return, I think, about $2 trillion in profits that had been stored offshore.
All of that helped lead to record stock market performance. Which despite what you likely think, helps everyone, especially public sector workers whose pensions need to grow tremendously to have any chance of funding promised benefits.
Go ahead and tell me where that was wrong.
"actual or perceived accomplishments"
SO when unemployment went down and the stock market went up under Obama, were you this reluctant to give him credit? I give Obama good marks for getting us out of the recession.
I'd be very interested to hear you explain why you give Obama credit for helping the economy, but not Trump. I'm all ears.