permafrost Loc: Minnesota

All of us should be happy about the present economy.

Not only in the US, but in the world.

Yet we are fighting over the when and the what..

Does trump get the credit after one year?

Has he done something other then the tax gift? Was the tax cut the reason?

While it is clear that no single reason gets the credit. The tax cut must have some effect.

but many factors are involved.. The entire world major economy have recovered after the great recession and are going strong..

what are possible negative that could derail the good times?

3 dominant concerns... Economic inequality leading to war... the climate change problem... And the orange man, president of the United States..

This an interesting article, not very long, but too long to post.. Cover more then my short bits.. Yes, from the NYT but well balanced..

https://www.nytimes.com/2018/01/27/business/its-not-a-roar-but-the-global-economy-is-finally-making-noise.html


LONDON — A decade after the world descended into a devastating economic crisis, a key marker of revival has finally been achieved. Every major economy on earth is expanding at once, a synchronous wave of growth that is creating jobs, lifting fortunes and tempering fears of popular discontent.

No tidy, all-encompassing narrative explains how the world has finally escaped the global downturn. The United States has been propelled by government spending unleashed during the previous administration, plus a recent $1.5 trillion shot of tax cuts. Europe has finally felt the effects of cheap money pumped out by its central bank.

.......................

The long convalescence has yielded a global recovery that is far from blistering in pace, and geopolitical risks threaten its demise. Many economists are skeptical that the benefits of growth will reach beyond the educated, affluent, politically connected class that has captured most of the spoils in many countries and left behind working people whose wages have stagnated even as jobless rates have plunged.

............................................

The biggest concern comes from Washington, where the Trump administration has frequently vowed to punish Mexico and China for their lopsided trade balances with the United States — a step that would raise the cost of components used by American factories. In a sign that such talk has moved beyond rhetoric, the Trump administration this past week slapped protective tariffs on imports of solar panels and washing machines.

“You get into a trade war, that’s the real worry,” said Ben May, a global economist at Oxford Economics in London. “The impacts on global growth would be quite severe.”

Super Dave Loc: Realville, USA

I can see it psses you off that Trump has raised confidence in America so much.

It must be hard for you to have to swallow your pride and spout the party line when you know it's a lie.

permafrost Loc: Minnesota

It seems you did not read the article..

Trump get very little credit for the economy, and the facts attest to that and are in the article..

read before you bitch about it..

vernon

Oh boy!We are going to get rid of trump and the GOP.I can't wait to put all those regulations back on business and industry.
It will be great to give back out tax cut ,which will cause the industry to go foreign again.I'm sure the people will dance for
joy when they get rid of the tax cut and we start giving nasty nancy and crying chuckey control of more of our money and business id driven back down with no help in site.But have heart Nasty and crying will be able to spend our money so much wiser
than we can.

permafrost Loc: Minnesota

Crap, You guys have no hope..

I post something positive and middle of the road.. even gives the orange man the iota of credit he maybe has coming...

And you still are not happy.... Bitch, bitch, bitch...

Nothing pleases any of.. I bet not one of you even read the article..

vernon

I don't read anything by the NYT and I'm sure your problem is you read that crap.Now if that is what you call that crap middle of the road but only in Stalin's wonderful world of freedom.

Super Dave Loc: Realville, USA

Trump gets little credit for the economy from Krugman and other Democrat Party hacks, if that's what you mean.

In reality, the tax cuts, deregulation, and confidence that POTUS actually wants a vibrant economy is very important.

The sad thing is that Obama could have done this or more any time he wanted to. But he never wanted to.

permafrost Loc: Minnesota

NOt you and not vern read a word of the article..



Obama tax cuts were reduced to a fraction of what he wanted by congress.. The GOP congress..

Super Dave Loc: Realville, USA

I don't have to read some Democrat propoganda piece to know what reality is.

The fact that the tax cuts Congress allowed are less effective than what Trump wanted doesn't negate how effective they are.

Democrats were stupid to reject what everyone knew would be good for the economy. They could be sharing in the credit.

permafrost Loc: Minnesota

Unless you have read the article, you have no right to criticize it..

Much of it is good, regardless of political lean..

Justsss Loc: Wisconsin

[quote=permafrost]It seems you did not read the article..

permafrost, that picture is the Worlds largest collection of butt ugly that I’ve seen in ages. Thanks for nothing!

:

permafrost Loc: Minnesota

[quote=Justsss]



I am very puzzled at why the right wing will not read the post..

It has some positive things to say about you orange spray toddler..

READ IT!!!!!

Super Dave Loc: Realville, USA

I don't care about the article any more than you care about reality

Justsss Loc: Wisconsin

I read it SO WHAT ? My comment was about all of the butt ugly liberal know nothing woman who hate you because you’re a man ! They all want a communist country and aren’t even intelligent enough to realize that.

Super Dave Loc: Realville, USA

It's funny to watch a Lib Publication try to regain some credibility by taking baby steps in acknowledging the obvious while still trying to hedge their bets with the haters by trying to mitigate Trump's success.

There is zero doubt that continuing Prog policies would have kept the American economy weak, and therefore would not have resulted in the historic worldwide confidence in America's economy.

You can admit the obvious, or remain stuck on stupid.