Sure.. Add 1 Trillion in fiscal stimulus in an economy that was already doing well, and it's not a surprising result.
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Trump poured $2 trillion of stimulus gasoline on an average economy. As expected, the economy flares-up, momentarily; then, unsustainably smolders out; leaving only scorched economic ruins/debt. Come on, you know this. Econ 101: This failing approach been
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What I find surprising is all the Tea Party Conservatives who have not uttered one peep about the deficits...
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Oh they will. If Dems win midterms big and the economy starts to crash, as expected, guess who gets blamed.
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Like when
@BarackObama took over - he had to spend 6 years cleaning up the@GOP created economic mess. When Dems retake power in 2018 and 2020 ; alas more of the same: this time, exacerbated by Trump madness -
You are DELUSIONAL! All Trump did was take the square wheels off the economy train that Obama installed and wondered why it wasn't running as well as it could. Now all Obama supporters are mad that Trump looks like a genius. But compared to Obama he is.
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He only looks like a genius if you don’t understand how the economy works.
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Trump is
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Congrats to Donald Trump on overseeing job growth almost as strong as what we saw under Barack Obama! First 21 months of Trump administration: 4.06 million new jobs Last 21 months of Obama administration: 4.48 million new jobs
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You're referring to the one who said: "those jobs aren't coming back."
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Unfortunately Trumps magic wand is some incredibly short sighted tax cuts that a fiscally responsible President wasn’t willing to make.
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You like paying more taxes?
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No. And we and our children and grandchildren are going to be paying through the nose when the bill for these Republican trillion dollar deficits comes due.
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Now if we can just keep this up for a decade or so. Problem has always been these good moments are ephemeral and we wind back up in the same mess we were before. Hope this time is different. Deficits not looking good but no obvious bubbles either so maybe we can sustain it.
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Deficit spending is a bubble. Leveraged loans are a bubble. Zero-growth start-ups are a bubble. The stock market is a bubble. Student loans are a bubble. Only one of these needs to burst to bring the whole thing down.
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And wages are going up, yet real wages aren’t! Inflation is eating up all the paycheck gains. Trillion dollar deficit next year at full employment. Not smart!
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That is false. Real wages are up. And btw, none of that list is a bubble. Debt per se is not a bubble - there is always debt. It is size relative to GDP that matters.
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Real wages are barely up. Long term, real wages have been quite stagnant compared to economic growth. Meanwhile, Republicans are shoveling trillions into the pockets of rich people. It's not sustainable politically, economically, or societally.
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Sure, wages have been flat for decades. They are increasing now but agree there is lots of catching up to do. Trade & immigration have really hurt wages as both redistribute income up. We need changes on both of those over sustained period to fix this. Progressive taxation too
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Real wages are up 3% that's more than inflation. That is due to the 7 million job openings.
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Real wages aren't rising as much as they "should" in this job market, because of corporate greed and the fact corps are spending almost all of their profits on stock buybacks and dividends for investors. (this is why the stock market is a bubble, incidentally)
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