Morgan wrote:
Yes you did, I was speaking of the "quote reply" which goes directly to whom you're responding to.
You're addressing two different things, one is working within a finite budget, the other is how it is spent, and yes both are concerns. Yes simply put you are correct how the deficit is created and when one makes a budget plan that will already over spend our budget, well... that's not a very good plan, wouldn't you say. That seems to be the way of, shall we say, the right.
If you look in our history of growth you'll see it is under the left's budget plan guidelines have worked. As a matter of fact I believe there is a graph earlier posted on this very point.[/quote]
I agree regulations should be looked at, and with some critical thinking extrapolate what is not needed and not abolish it completely, that's simply put, is unreasonable.
Corporations have promised, as the old extrapolate goes, I'll believe it when I see it, and not for some temporary time, let's see if it goes the long run or just conveniently to the next midterm.[/quote]
Ah. I think I've got it now.
The GDP must be at least 3% for growth. By the end of President Clinton's time in office, it had grown to 3.7% from a starting point of 2.9% left from President G H W Bush. It dropped under President G W Bush from 3.7% to 2.2%. President Obama while making statements that the country had recovered, had the GDP dropping over his entire two terms. He left office with the GDP at a whopping 1.2%. Under President Trump it has been steadily rising and as of this last quarter was 3.2% and still rising. Who knows how high. Can it reach what it was under President Johnson at over 5%? Or even President Kennedy over 4%? Out of P. Clinton, P. G W Bush, P. Obama, and P. Trump; only Trump is right of center.
As for regulations, do you mean not abolish any regulation completely, or not abolish all regulations completely? If the latter, no one is simply abolishing regulations completely or even randomly. Each which is abolished have been looked at by our President.
I agree that we shouldn't simply accept the corporations at their word. So as far as the tax cuts there are two things we can do to determine if they are a good thing or not. One is read it. The other is wait. But the tax cut is only one portion of President Trump's economic policy. Look at what has happened in only one year. The stock market has done remarkably well. New small businesses have been opening in many, if not most states. There is building going on and boarded up abandoned businesses are reopening or the buildings being bought up and opening as new businesses. Trade has improved and is more equitable to the US. Unemployment is lower than it has been since 1971. And yes, that means lower than under President Clinton or under President Reagan. Minority unemployment is lower than it has ever been.
So to say that under the left, budgets have worked; is erroneous. Nor would it be any truer to say the opposite if you equate right with Republican administrations. The only reason things seemed as well as they did under President Clinton, was he borrowed from Peter to pay Paul. In fact he gutted our military so bad that we were left with a single carrier. He not only retired ships and planes, he sold our only fighter which could fire the Phoenix missile to Iran. This was the F14-Tomcat. He at least did not sell them any of our Phoenix missiles which we could not use without the Tomcat; but don't worry. President Obama GAVE the Phoenix missiles to Iran. So now they have one of the best, if not the best both air to air and air to ground missiles ever designed which can hit 6 targets simultaneously; but the best of the F series fighter jets that ever was built.
But I degress. The two post WWII presidents with the highest GDP in a single year were Truman and Reagan. One a Democrat and the other a Republican. Each had their high year of GDP over 7%. The President with the lowest was President Obama with low of 1.2% and a high of 2.1%.