Opinion: Don't be shocked if Trump's economy goes the way of Bush's

[Yo_Mama_Been_Loggin]

Although the economic contexts for the start of the Donald Trump and George W. Bush administrations were very different, both presidents responded with essentially the same economic formula — tax cuts, higher spending and aggressive deregulation.

In both cases, as expected, the economy responded to the stimulus with boosted growth of stocks and gross domestic product. For Trump, the good numbers on unemployment, GDP and stocks were more immediate, owing to the much more favorable economy when he took office, than they were for Bush.

Both presidents were also offered a similar opportunity: to put the nation’s finances on more solid ground. What happened under Bush may give us a window into what is coming in the next few years.

When Bush took office, there was a slowing economy, and the stock market was declining. Unemployment was low but rising.

-snip-

Trump inherited a very different economy. Unemployment was falling (4.4 percent in 2017 from a 2010 high of 9.6 percent) amid a historically long expansion albeit at growth rates that were below average for the post-World War II period. Deficits had dropped from a high of $1.4 trillion to around $650 billion — still high, but falling as the expansion continued. Still, the national debt stood at 104.8 percent of GDP.

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https://www.msn.com/en-us/money/markets/opinion-dont-be-shocked-if-trumps-economy-goes-the-way-of-bushs/ar-AAAQMg0?li=BBnbfcN

[MBS]

1. A Trump-fueled economic catastrophe has long been my working assumption. n/t

[Fresh_Start]

2. In order to get rid of Trump and the GOP

we need to crash the economy

Stop spending unless its an absolute necessity like food and shelter

[Wellstone ruled]

3. Tell us the total number of jobs lost last month.

And did California have the greatest increase in new hires once again like the previous three months,bet they did.

Talk about the Labor Department spreading bullshit without a manure spreader.

[marylandblue]

4. States release their own jobs reports.

It may not track exactly with federal, but if there was a big disconnect, I'm sure CA would be the first to sound the alarm.

[Wellstone ruled]

6. As of last months info,

California had created 75% of all the new Jobs this year. That info was posted a couple weeks ago here.

[BillyBobBrilliant]

5. Economists are already

saying that a recession will begin within the next 18 months (in time for the election). The main indicator they cite is an inverted Treasury Yield curve.

Typically, in history the GOP runs up the deficit in the name of 'trickle down' and then the Democratic president/congress has to claw back to a growth economy...it is a scam they play, time and again -- trying to make the Democrats appear fiscally irresponsible because they have to raise taxes to fix the repugnant economic environment that had been relaying the wealth upward at the average person's expense.