Harry Truman said, “I want an economist with only one hand. That way he can’t say, ‘On the other hand.’”
There are lies, damned lies and economic projections.
What I see around me is a housing boom the likes of which I haven’t seen since the bubble burst. Housing construction is nowhere near where it was then, but it seems sustainable and universal in my two-county wanderings.
Each time I have been to Walmart and Costco I see people buying major items, unlike Obama’s eight years when people just bought necessities.
The biggest difference between Trump and Obama’s economy is Obama took away the rule of law, with the GM restructuring. That removed an estimated $15 trillion dollars from the table as businesses contracted to wait out the lawlessness. Trump gave them back rules and laws they could believe in...and invest under. Trump didn’t need TARP. All he needed was to guarantee the rule of law.
And remember why there was law: to keep free entities honest.