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Well, Trump’s boast turned to dust in 2019. US GDP grew by 2.3% in 2019, well below President Trump’s promise of 3%+ growth. The most recent GDP number proved that the tax cuts championed by Trump had no sustained impact on US growth. Indeed , even the most optimistic forecasts see growth to stay well below 3% for the next few years. Of course, that won’t stop Trump in his State of the Union speech today in Congress proclaiming a huge rise in the living standards of working people under his reign. Actually, cumulative growth under Trump has been lower than under both Obama and Bush Jnr. Michael Roberts explains why.Michael Roberts Blog — blogging from a marxist economistTrump’s trickle dries upMichael Roberts
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Mike Norman considers the following as important: investment, Laffer curve, profitability
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Well, Trump’s boast turned to dust in 2019. US GDP grew by 2.3% in 2019, well below President Trump’s promise of 3%+ growth. The most recent GDP number proved that the tax cuts championed by Trump had no sustained impact on US growth. Indeed , even the most optimistic forecasts see growth to stay well below 3% for the next few years. Of course, that won’t stop Trump in his State of the Union speech today in Congress proclaiming a huge rise in the living standards of working people under his reign. Actually, cumulative growth under Trump has been lower than under both Obama and Bush Jnr. Michael Roberts explains why.Michael Roberts Blog — blogging from a marxist economistTrump’s trickle dries upMichael Roberts
Topics:
Mike Norman considers the following as important: investment, Laffer curve, profitability
This could be interesting, too:
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Well, Trump’s boast turned to dust in 2019. US GDP grew by 2.3% in 2019, well below President Trump’s promise of 3%+ growth. The most recent GDP number proved that the tax cuts championed by Trump had no sustained impact on US growth. Indeed , even the most optimistic forecasts see growth to stay well below 3% for the next few years. Of course, that won’t stop Trump in his State of the Union speech today in Congress proclaiming a huge rise in the living standards of working people under his reign. Actually, cumulative growth under Trump has been lower than under both Obama and Bush Jnr.Michael Roberts explains why.
Michael Roberts Blog — blogging from a marxist economist
Trump’s trickle dries up
Michael Roberts