Trump economy looking like Obama economy

T

transporter

Well-Known Member
Gee...now where have I heard this before?????

The Trump economy is starting to look more and more like the Obama economy

In some key ways, the Donald Trump economy, on fire last year but slowing this year, is starting to resemble the one he inherited from his predecessor .

There are the rock-bottom bond yields, plodding economic growth and, not to be understated, the Federal Reserve seemingly pulling all the strings, a role that has only exacerbated in the days since the financial crisis and Great Recession and continues to the present day.

Those similarities came into even sharper focus this week, when the benchmark 10-year Treasury note yield fell below 2% for the first time since Trump became president, and the Fed’s indication, if something just short of an outright promise, that it soon will be cutting rates less than six months since its most recent hike.
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It
wasn’t supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher. That happened in 2018, but policymakers and Wall Street pros are growing increasingly fearful that a slowdown if not outright recession is on the horizon, and the Fed is being asked again to ride to the rescue.
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Actually this is exactly the way it was supposed to be. This is exactly the way all actual economists told you this would lay out.

Tax cuts are temporary....Trump's "aggressive" move towards deregulation was mostly smoke and mirrors (cancelling regulations that don't exists yet has very little impact). The economy was already at its normal capacity when Trump the inept entered the WH. Juicing it with tax cuts won't stimulate long term demand. Especially when those cuts are mainly targeted to the wealthy.

The difference between the expectations of the tax cuts and the reality of today is the stupidity of the tariffs which has exacerbated the expected slowdown. Hopefully Trump will pull his head out of his ass and make a deal...any deal that will save him face so that we can avoid an outright recession. There is not good reason why we should go into recession...but Trump is a no good President who has no clue what he is doing.
 
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