"Sugar High".... lmfao..... I love the way the left latched on to that, but when presented with data refuting it, they clam up.
The very best stimulus is an American with a job. It is self proliferating.
https://www.vcstar.com/story/opinio...nse-booming-economy-no-sugar-high/3629961002/
In fact, the economy’s been growing for a full decade. The Great Recession ended nearly 10 years ago, in June 2009. Barring catastrophe, in July this will become the longest period of expansion in U.S. history, surpassing the 1990s. On President Barack Obama’s watch, the federal government rescued the economy, but for much of his tenure growth traipsed along at about 2 percent. Then came President Donald Trump, who set a goal of 3 percent growth. His strategy: Cut the burden of federal regulation and cut the corporate tax rate through the tax reform legislation passed in late 2017.
The results have been excellent but also criticized as an unsustainable “sugar high” and a precursor to recession. As writer James Freeman noted in The Wall Street Journal, experts at the Brookings Institution plan to meet in May to discuss … how to prepare for the next recession. It may be a short meeting.
There are always things to worry about. Trump needs to end his trade tussles with China. The federal deficit is rising, due in part to the cost of tax reform. Inflation, now tame, may return. Trump’s management of the economy will be one of many issues in the 2020 presidential race.
But right now employers are investing in their businesses and hiring more workers. Wages are rising at a healthy pace. Consumers are spending. Hit the total button:
The economy is growing at a robust rate. No matter what you hear from the chattering class.
The very best stimulus is an American with a job. It is self proliferating.
https://www.vcstar.com/story/opinio...nse-booming-economy-no-sugar-high/3629961002/
In fact, the economy’s been growing for a full decade. The Great Recession ended nearly 10 years ago, in June 2009. Barring catastrophe, in July this will become the longest period of expansion in U.S. history, surpassing the 1990s. On President Barack Obama’s watch, the federal government rescued the economy, but for much of his tenure growth traipsed along at about 2 percent. Then came President Donald Trump, who set a goal of 3 percent growth. His strategy: Cut the burden of federal regulation and cut the corporate tax rate through the tax reform legislation passed in late 2017.
The results have been excellent but also criticized as an unsustainable “sugar high” and a precursor to recession. As writer James Freeman noted in The Wall Street Journal, experts at the Brookings Institution plan to meet in May to discuss … how to prepare for the next recession. It may be a short meeting.
There are always things to worry about. Trump needs to end his trade tussles with China. The federal deficit is rising, due in part to the cost of tax reform. Inflation, now tame, may return. Trump’s management of the economy will be one of many issues in the 2020 presidential race.
But right now employers are investing in their businesses and hiring more workers. Wages are rising at a healthy pace. Consumers are spending. Hit the total button:
The economy is growing at a robust rate. No matter what you hear from the chattering class.
