Under Donald Trump, America prospered. Let's go back to that.

[Deluge]

100% agree, Ben.

Trump is by far the best man for the role of President of the United States. 

https://www.desmoinesregister.com/story/opinion/columnists/caucus/2023/11/16/donald-trump-made-america-prosper-ben-carson/71595734007/

[robosmith]

Sure. Listen to ONE OF Trump's BIGGEST sycophants completely IGNORE that the economy went to SHIT due to Trump's and Carson's handling of the PANDEMIC.

Hermain Cain even DIED due to getting COVID at one of Trump's SUPERSPREADER campaign events. ?

[herbie]

talk about deluded hallucinations

You prospered under lockdowns did you? You make less money now than then do you?

[Michael Hardner]

The prosperity before 2020 was due to deficit spending.

[Hodad]

42 minutes ago, Michael Hardner said:

The prosperity before 2020 was due to deficit spending.

Is actually disagree with that. The economy continued on nearly the exact same trajectory under Trump as under the Obama recovery. Little to no change.

It's possible that the timing coincidentally aligned so that Trump's massive elective deficits supported what might have otherwise been a slowdown, but I think it far more likely that the deficit was pure waste. 

Kind of like adding more gas to an engine that's already at capacity. You can do it, but it just gets burned off as exhaust. Running rich, as it were.

It was tax cuts for the wealthy rather than strategic spending. And tax cuts only bolster the economy if it becomes disposable income that is spent back into the economy--money that wouldn't otherwise have been spent. 

As we've learned from multiple experiments with "trickle down" economics, it doesn't work. When you cut taxes on the wealthy their net worths will grow a bit, but they don't spend more. They were already buying everything they want. 

 

[Michael Hardner]

1 hour ago, Hodad said:

1. Little to no change.

2. Kind of like adding more gas to an engine that's already at capacity.

1. And then taxes were cut during said boom.
2. Exactly.

[Hodad]

29 minutes ago, Michael Hardner said:

1. And then taxes were cut during said boom.
2. Exactly.

Right. I guess the clarification I'm making is that, in my view, the deficits didn't fuel prosperity.

There was no "boom." Almost every indicator continued to progress steadily at the same rates that they had been for the previous 4 years. Stocks actually did grow faster, but the economy didn't.

Trump made a lot of noise but didn't change the rate of recovery/growth at all. If he had done nothing at all we'd have had the same result.

Edited November 23, 2023 by Hodad