Posted on 11/04/2016 11:46:42 AM PDT by 2ndDivisionVet
After the election of Ronald Reagan in 1981, the U.S. Economy experienced one of its greatest booms in history. The growth rate averaged nearly 4 percent for seven years 1982–89. And the stock market rose from less than 1,000 on the Dow to more than 10,000 over the next two decades. This was a period of wealth and job creation that the nation and middle class had seldom seen before. All the liberal critics wrongly said it could not and would not happen.
Now the question is: Could it happen again in this era of massive government debt, meager growth, and flatlined incomes for the middle class? The answer is “yes.” With the right set of policy fixes, we can see a return to wage gains, higher profits (which means a bull run on stocks), and rapid growth in output.
Since the end of the recession, economic growth has averaged an anemic 2 percent, producing the weakest “recovery” since the Great Depression. Over the past year, growth has slowed to an even more anemic 1.5 percent. This is barely staying out of recession. America can do much better.
One thing is sure: Donald Trump and Hillary Clinton have almost diametrically opposite economic plans. Clinton will raise taxes. Trump will cut them. Clinton has vowed to defend President Obama’s “legacy” and double down on job-killers such as Obamacare....
(Excerpt) Read more at realclearpolicy.com ...
This is the ninth in a series on the major policy ideas — from Left and Right — that should guide the next presidential administration's agenda. (For the opposing view, see William G. Gale, "An Agenda for Inclusive Growth.")
What makes you think that the Demonicrats won’t salt the economic fields before they leave?
Expect massive sabotage.
They haven’t already?
After 9-11, some people (like Bush) said that the government needed additional powers in order to keep us safe. I wasn’t completely opposed to the idea, but I did think that the Patriot Act went too far. In hindsight, I believe I would oppose any policy, on any topic, if it depended on the government “needing additional power”. That’s how you get tyranny.
I believe Trump is different. I believe he wants the government to have less power, be smaller, and spend less of our money. I support giving Trump a massive power infusion if he uses it to drastically reduce the burden of government. That’s how you get an economic boom.
It may turn out badly, but if I had a magic wand, I’d hand it to this guy.
Which will dramatically increase FICA which will save SS !
What I mean is, they’ll now start telling THE TRUTH about the economy.
We already know the truth. The Democrats...not so much.
But Trump said a woman was fat!
Read half of the leftist side of this story. Education + infrastructure-same claptrap about college educated types making more. I guess that includes the ethnic studies students. I say cram a 2 year community college into 18 months-no summer. Try the trimester system. Then go to work before one turns 20.
Can it happen again? You betcha! Ask yourself this: of the two leading contenders for the presidency, who is more likely to be business-friendly? A man who lives on Wall Street and who has built an empire using free-market principles? Or a worn-out harridan who has never worked an honest job in her life, and whose entire ethos turns on government redistribution of wealth?
Donald Trump’s laissez-faire economics (remember the last time we heard THAT term?) could unleash the vast pent-up economic power that has been chained under the recent bolshevik administration. Why do you think all the third-worlders are so terrified of a Trump presidency? Because they know that their market share is about to be decimated by American productivity!
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