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Trump's Economy

MTAtech said:
Using historical standards, that called the recession in early 2001, "Bush's economy" and the 1st Qtr economic nose-dive during Obama, "Obama's economy," we are living in Trump's economy.
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I'm pretty sure that I personally made no such characterizations.

In addition to how Presidents usually have little impact on the economy, that just doesn't make sense. Under ordinary circumstances, it takes at least a year for a President to enact policies that can affect the economy. Obama was a little different in that we were well into a crisis when he took office, and he very quickly built on Bush 43's reactions (TARP, Paulson/Bernanke moves). Even given that situation, it still took an extensive amount of time for his policies to have an effect.

Now, I do think that if Trump made statements to the effect of "we're gonna fix the US economy in our first 100 days" he can be held accountable for that highly irrational promise. But that's not the same thing as dinging him for GDP results 3 months into his term.
 
Visbek said:
I'm pretty sure that I personally made no such characterizations.

In addition to how Presidents usually have little impact on the economy, that just doesn't make sense. Under ordinary circumstances, it takes at least a year for a President to enact policies that can affect the economy. Obama was a little different in that we were well into a crisis when he took office, and he very quickly built on Bush 43's reactions (TARP, Paulson/Bernanke moves). Even given that situation, it still took an extensive amount of time for his policies to have an effect.

Now, I do think that if Trump made statements to the effect of "we're gonna fix the US economy in our first 100 days" he can be held accountable for that highly irrational promise. But that's not the same thing as dinging him for GDP results 3 months into his term.
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100 Day Promise, Not started: "Middle Class Tax Relief And Simplification Act. An economic plan designed to grow the economy 4% per year and create at least 25 million new jobs through massive tax reduction and simplification, in combination with trade reform, regulatory relief, and lifting the restrictions on American energy. The largest tax reductions are for the middle class. A middle-class family with 2 children will get a 35% tax cut. The current number of brackets will be reduced from 7 to 3, and tax forms will likewise be greatly simplified. The business rate will be lowered from 35 to 15 percent, and the trillions of dollars of American corporate money overseas can now be brought back at a 10 percent rate."
 
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