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Economy Shrank in First Quarter as U.S. Trade Deficit Surged

sawdust said:
GDP is an indicator of the general health of the economy and the measure by which countries are judged to be in recession when it recedes two consecutive quarters. That has much to do with tax policy. All economists agree that when an economy is in recession, taxes should not be raised and to stimulate economies taxes are often reduced.
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Tax cuts have not produced growth since Clinton.
 
Kobie said:
Tax cuts have not produced growth since Clinton.
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Wrong. Tax cuts helped end the dot com recession under Bush. Obama's regulatory and fiscal policies even tax cuts couldn't help.
 
Tettsuo said:
Economy Shrank in First Quarter as U.S. Trade Deficit Surged - Bloomberg Business



I wonder if conservatives will reiterate the belief that Obama has done nothing in regards to the economy? So, good or bad, it's not relatable to him.

Or is it only the bad that's his fault?
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Contrary to popular opinion, the president doesn't manage the economy. Nobody does. The government can affect a positive or negative environment for the economy but the economy will do what it is going to do. Obama didn't create the bad economy nor has he fixed it. He has created a negative anti-business environment which has probably extended it. If we Americans would reverse our terrible trade deficit, the economy would likely fix itself pretty quickly no matter what the president does or doesn't do.
 
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