Posted on 01/28/2018 4:42:29 AM PST by RoosterRedux
Davos, Switzerland — It’s not Comey. Or Mueller. Or the Russians. Or Stormy Daniels.
It’s the economy, stupid.
And right now, the Trump economy is blasting off.
Davos Man likes.
In conversations with business and political leaders gathered at the World Economic Forum in Davos, Switzerland, there is almost zero mention of the controversies which consume coverage of Trump in America.
Instead, people talk about the real possibility now that growth in the U.S. economy could hit 4 percent this year — a positively Clintonian benchmark. The impact worldwide would be tremendous.
We forget what that kind of economy means. Clinton averaged roughly 4 percent GDP growth. Record budget surpluses. Record job growth. Real household incomes up across the board. A skyrocketing stock market.
Money in peoples’ pockets—for college, for retirement, for vacations. Businesses booming. New ones starting. And the USA once again the engine pulling the world economy.
We’re a long way from that, for sure.
And there are analysts who say the world’s economies are simply being boosted by all the easy money central banks pumped into them for years — and that’s a bubble that will burst.
But business types here disagree. And they give a lot of credit to Trump for the renewed strength and vigor they sense in the sinews of the global economy.
Deregulation is the first thing they mention. The cost of doing business has come down fast. That means margins will go up. That’s why so many investors see American companies as such good bets.
And that’s all Trump.
(Excerpt) Read more at abcnews.go.com ...
A lot of ordinary voters made a lot of money in the stock market this year. I took money out....spent it....and lo and behold....I have more money than before my withdrawal.
Wow, ABC no less!
In America, the prevailing of Trump will be finally noted in the break rooms where workers gather and talk about all kinds of stuff. The propagandists can’t make it there. The facts of increasing economic wellness will come out.
Even the most anti company, anti business die hard democrat will be exposed to peer pressure of MAGA.
The anti white campaign now in full force will backfire as any democrat going down that road is shunned as the Ameritrash they are. The antiwhite balderdash will not be tolerated in the break rooms
They give all the credit to Obama...naturally.
Seriously? Clinton came into office set on destroying the Reagan economy. He only backed off on implementing his economy busting policies when the polls were overwhelmingly negative against them. Then Republicans gained the majority in Congress, further preventing him from committing more damage. The economic depression from his massive tax increase was mitigated by the dot com boom.
In short, the economy during the Clinton years occurred despite him, not because of him.
+1
“Clintonian benchmark”
Had to laugh out load at that one, thought about all airtime the stories of sexual harassment are getting recently.
Clinton moved to the middle and signed the 97 capital gains tax cut and the economy took off. He didn’t want the tax cut and signed reluctantly. That cut led to substantial wage growth and tax revenue growth.
Yet somehow they cant name exactly which policies those were, and why they took until he left office in order to actually do what they didn’t the entire time he was there.
I cringe when some idiot says Clinton gave us balanced budgets. We taxpayers gave him so much revenue that it caught up to expenses. While he was playing with cigars and jerking off into the White House sink, we stopped the growth of the debt for one, brief, shining moment.
Clintonian??? The dumb*** Moran obviously never heard the word "Reaganesque".
Did that too. Health problems forced me to do it and I fully funded the HSA to get the Tax Benefits while paying through the Nose because of Obamacare and the DemocRATS.
And like you I was shocked to see more money than when I withdrew.
Whoo Hoo! Top that DemocRATS!
Deep down they know better. Their egos won’t let them.
These are the same people who are suddenly complaining about government over spending that once called it “stimulus”.
I don't think there is a bubble ready to burst, but there is a lot of truth in the easy money part.
Obama's job-killing regulations were countered by "quantitative easing" -- printing more money with no real backing. This has produced a situation where there is a lot of pent-up inflation in the economy.
My family has adjusted our personal finances accordingly. Fixed-rate mortgages of long duration, and investments in real estate and equities with minimal exposure to fixed income.
Positioning our boat to float on the rising tide of the Trump economy.
* * * * * * * * *
BTW, while I don't think that the National Debt will ever be reduced in absolute terms, several years of strong inflation will cut it back to a reasonable size in relation to GDP. Not a bad thing at all.
The federal reserve kept interest rates at near zero ,0, for all of Obama’s term.
The federal reserve is also corrupt and political. They are leftists as are most of the swamp.
The minute Trump got into office the Federal reserve has raised interest rates every quarter. They are trying to crash the economy so that Trump doesn't get reelected in 2020. We just got in growth rates for 2017. some quarters were below 3% . there is no need to raise rates. this is just political.
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