Posted on 07/27/2018 5:43:25 PM PDT by Beave Meister
With the political world deeply focused on the question of whether the Trump administration comprises a gang of Russian pawns, less attention has been devoted to more mundane questions, such as what ever happened to Trump's economic policy?
As it happens, economists are keeping their eye on that ball, and their conclusion is that it's in a bad way. More specifically, they recognize that Trump's policy is aimed heavily at achieving annual economic growth of more than 3%.
During the presidential campaign, Trump promised growth of 3.5% a year, and sometimes even 4%. There's no disagreement that a sustained growth rate of this magnitude would be a significant achievement. Over the past decade, the economy has grown at an average of about 2% a year. The Congressional Budget Office forecasts an annual average of about 1.9% well into the next decade.
The U.S. hasn't had sustained real annual growth (that is, over inflation) of better than 3% since the 1990s, with a brief spurt in 2004 and 2005. Making up the difference from 2% to more than 3% looks like a pipe dream.
(Excerpt) Read more at latimes.com ...
Only LIBERAL economists. Real economists fully understand that when government takes money from productive people, and gives it to non productive people, and also demands confiscatory tax rates and regulations, productivity will fall precipitously. Cutting tax rates, cutting regulations, and stopping government largess to freeloaders, will reverse that quite quickly. (As it has.)
LA Slimes useful for lining litter boxes, since it is full of what cats do in litter boxes...
Sorry, I forgot to add @copyright-Fox News after the "To be fair"!
The LA Times is now in El Segundo and we sticklers call it the El Segundo Times.
That will be entered into
Your Permanent Record!
.
.
/s
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