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1 posted on 06/20/2017 8:12:50 AM PDT by Kaslin
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To: Kaslin

If Trump can turn the economy around then all this opposition will come to nothing. That’s how Reagan brought the country around to him - by filling their pocketbooks.


2 posted on 06/20/2017 8:24:12 AM PDT by circlecity
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To: Kaslin

I was an economics major at UMSL, under Joseph P McKenna. Economic predictions are useful for nothing. Econometricians can offer a good record of what already happened.
You may as well try to forecast the climate.


3 posted on 06/20/2017 8:24:31 AM PDT by steve8714 (My wife calls me Dr. Smartacus. This makes me happy.)
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To: Kaslin

Does anyone remember Obama’s economists assuring us that they saw “green shoots” in 2010? No one else ever saw those fictional signs of life as the Middle Class suffered through the worst fake “recovery” in the history of the country.


4 posted on 06/20/2017 8:27:53 AM PDT by txrefugee
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To: Kaslin

Businesses have been hampered by the weight of the regulatory millstone. Removing that burden can only help the economy to grow faster. Plus, lower taxes will incentivize people to spend and encourage businesses to expand.

However, since Trump’s election the politicized Fed under Janet Yellen has raised interest rates three times, and more are in store. The Fed has also indicated it will start winding down its massive balance sheet. These counter winds will probably have some dampening effect on growth, however Trump will have an opportunity to replace Yellen next year.


5 posted on 06/20/2017 8:30:11 AM PDT by Starboard
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To: Kaslin
Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.

Obviously, much of what the Obama administration did to the economy was back-door, behind the scenes, but the aftermath spoke for itself. I suspect that administration knew full well, that their policies would not produce economic growth, so they grew a narrative of low-growth to any economist that would listen. It was the "new normal," they said.

I suspect there were some payoffs along the way--the media never questioned why their forecasts missed by such a large margin, nor did the investment community. The stock market just limped along. In fact, if you look at the DJIA, it had been going sideways for three years (2013-2016).

Obama and his minions loved to blame all of that on Bush, who preceded him, and no Republican ever even thought to challenge them. In fact, it was Obama's crony capitalist, high-tax, high-regulation environment that was an anchor around the markets.

Thank goodness we have a President and an administration now that understands what the markets need to succeed. If only the GOP Congress would reach out to support him occasionally.

8 posted on 06/20/2017 8:36:35 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: Kaslin

Got to have the tax cuts. And the swamp wants to keep the people poor.

Going to have to get Congress to do what they don’t want to do...as it gives them nothing they can’t get already. If the Swamp wins, there will be no economic boom to wash away the crap being put out by the Left...and anger will increase.


9 posted on 06/20/2017 8:37:20 AM PDT by Scott from the Left Coast
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To: Kaslin
Let's read a short, but significant, excerpt from the words of the Author of our Declaration of Independence and Third President of the U. S., Thomas Jefferson, who, in his 1801 Inaugural Address, laid out what might be considered to be "qualifications" for the American presidency:
(Excerpt, "Our Ageless Constitution," p. xiv, reformatted)
"Let us, then, with courage and confidence pursue our own Federal and Republican principles, our attachment to union and representative government. Kindly separated by nature and a wide ocean from the exterminating havoc of one quarter of the globe; too high-minded to endure the degradations of the others; possessing a chosen country, with room enough for our descendants to the thousandth and thousandth generation;

- entertaining a due sense of our equal right to the use of our own faculties, to the acquisitions of our own industry, to honor and confidence from our fellow-citizens, resulting not from birth, but from our actions and their sense of them;

- enlightened by a benign religion, professed, indeed, and practiced in various forms, yet all of them inculcating honesty, truth, temperance, gratitude, and the love of man;

- acknowledging and adoring an overruling Providence, which by all its dispensations proves that it delights in the happiness of man here and his greater happiness hereafter

—with all these blessings, what more is necessary to make us a happy and a prosperous people?

- Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned.

- This is the sum of good government, and this is necessary to close the circle of our felicities.


11 posted on 06/20/2017 9:15:42 AM PDT by loveliberty2
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