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Conservative Tax Cuts slowed the economy
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Loving91390
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STFU ... this Country has never been better off .....
Obama had GDP growth of 2.9% in 2015, and shrank the deficit to about $600B.
You had GDP growth of 2.3% in 2019, and exploded the deficit to about $1T.
You're in a cult.
Use Google you freak of nature.
After inflation that is .1% you stupid fuck.
Average REAL GDP by decade.
1900's = 3.9%
1910's = 2.9%
1920's = 3.4%
1930's = 1.0%
1940's = 5.6%
1950's = 4.2%
1960's = 4.5%
1970's = 3.2%
1980's = 3.1%
1990's = 3.2%
2000's = 1.8%
2010's = 2.1%
OBAMA =1.48%
https://www.crestmontresearch.com/docs/Economy-GDP-R-By-Decade.pdf
Obama's second term was 2.65%. His first term was at .975%. Average over two terms was 1.81%
2013 was 3.75%; 2014 was 2.925% and 2015 was 1.9%. A downward trend line until Trump got into office. OOOOOPS!!!!
Wrong again you lying buffoon. Q4 2017 GDP hit 3.5% and then again in Q2 of 2018. Trumps first three years average is 2.53%. Obama's first three years amounted to 2.13% excluding 2009 which I consider and outlier due to the massive recession. Trump's numbers are still better.
Is there a point you are desperately trying to make but failing to like a dumb fuck?
So I have a question...
How come on this thread you post as anatta, but on another thread you post as dukkha?
You dumb twat; tax cuts don't cause money to leave the economy. That would be a tax increase. Another example of how badly our educational establishment has failed our citizens.
The Government cannot spend money quickly. In order for the Government to have any money to spend, it must first BORROW it, or REMOVE it from the economy. That is why the money multiplier for Government spending is neutral or negative.
You shouldn't bloviate on topics you obviously have no clue about.
We have had ONE quarter where GDP was lower than 2% since Trumps election, you dishonest dunce.
Obama never had a year with 5.5%. He had two quarters that were over 5% after a miserable quarter of -1.1%.
The GDP line was trending down at the end of his Presidency.
Nothing more lame than leftists trying to argue that Governments can SPEND their way out of recessions. How wonderful if it were true. But it is the biggest lie ever bloviated.
LIE and LAME. Revenue was up after the tax cut. What a moron.
LIE and LAME. Revenue was up after the tax cut. The deficit is being caused by Obamacare and MANDATORY entitlement spending. What a moron.
Still far better than Obama's malaise of 1.81%.
^Trolling his own thread. A sure sign of the last desperate refuge for liars, fools and ignorance; and those who have lost their arguments.
read the title
He is right you stupid shitstain.
Because he is a piece of shit troll.
I want to permanently BURN this fallacy suggesting that Conservative Tax Cuts slowed the economy.
How, specifically, can allowing Americans to keep MORE of what they earn slow an economy? Anyone? It cannot. It is impossible.
When Americans have MORE money at their disposal, they spend or save it. That increase economic activity. When the Government forcefully extracts it from Americans, that will SLOW economic growth.
Governments cannot tax and spend their way to economic growth. It cannot be done. It never has been done and only morons make such asinine claims.
How, specifically, can allowing Americans to keep MORE of what they earn slow an economy? Anyone? It cannot. It is impossible.
When Americans have MORE money at their disposal, they spend or save it. That increase economic activity. When the Government forcefully extracts it from Americans, that will SLOW economic growth.
Governments cannot tax and spend their way to economic growth. It cannot be done. It never has been done and only morons make such asinine claims.
Wrong again clueless retard; he is just as brain dead as you are. Do you like being a worthless piece of human excrement with an IQ of 10?