Any leader needs to realize the local, small business economies recovered from the 2008 economic collapse far faster after losing less from that same Great Recession. Presidents need to understand where the USA's strengths are and it is DOCUMENTED, the American people can recover their own economy. It is high time DC realize it and build on it rather than selling legislative power to Wall Street. No more stupidity. End of discussion.
It was an interesting convention. The speech by Donald Trump is no different than anything he has said before. It is a populous message and I questions his facts in many instances.
The issue is Congress. He is not automatically going to receive help with his agenda by Congress. Has he received support from the US House and Senate?
I am fairly sure when he cuts spending and cuts taxes the USA will experience a recession. He might want to consult with someone about that. Brownback's Kansas did exactly that.
June 17, 2016
By Jim Tankersley and Max Ehrenfround
In 2012, (click here) voters in California approved a measure to raise taxes on millionaires, bringing their top state income tax rate to 13.3 percent, the highest in the nation. Conservative economists predicted calamity, or at least a big slowdown in growth. Also that year, the governor of Kansas signed a series of changes to the state's tax code, including reducing income and sales tax rates. Conservative economists predicted a boom.
Neither of those predictions came true. Not right away -- California grew just fine in the year the tax hikes took effect -- and especially not in the medium term, as new economic data showed this week.
Now, correlation does not, as they say, equal causation, and two examples are but a small sample. But the divergent experiences of California and Kansas run counter to a popular view, particularly among conservative economists, that tax cuts tend to supercharge growth and tax increases chill it.
California's economy grew by 4.1 percent in 2015, according to new numbersfrom the Bureau of Economic Analysis, tying it with Oregon for the fastest state growth of the year. That was up from 3.1 percent growth for the Golden State in 2014, which was near the top of the national pack.
The Kansas economy, on the other hand, grew 0.2 percent in 2015. That's down from 1.2 percent in 2014, and below neighboring states such as Nebraska (2.1 percent) and Missouri (1.2 percent). Kansas ended the year with two consecutive quarters of negative growth -- a shrinking economy. By a common definition of the term, the state entered 2016 in recession....
The verdict is in on "Trickle Down Economics." It doesn't work.
Nice event and the family was great, but, the policies ?????? not so much.
Good night
It was an interesting convention. The speech by Donald Trump is no different than anything he has said before. It is a populous message and I questions his facts in many instances.
The issue is Congress. He is not automatically going to receive help with his agenda by Congress. Has he received support from the US House and Senate?
I am fairly sure when he cuts spending and cuts taxes the USA will experience a recession. He might want to consult with someone about that. Brownback's Kansas did exactly that.
June 17, 2016
By Jim Tankersley and Max Ehrenfround
In 2012, (click here) voters in California approved a measure to raise taxes on millionaires, bringing their top state income tax rate to 13.3 percent, the highest in the nation. Conservative economists predicted calamity, or at least a big slowdown in growth. Also that year, the governor of Kansas signed a series of changes to the state's tax code, including reducing income and sales tax rates. Conservative economists predicted a boom.
Neither of those predictions came true. Not right away -- California grew just fine in the year the tax hikes took effect -- and especially not in the medium term, as new economic data showed this week.
Now, correlation does not, as they say, equal causation, and two examples are but a small sample. But the divergent experiences of California and Kansas run counter to a popular view, particularly among conservative economists, that tax cuts tend to supercharge growth and tax increases chill it.
California's economy grew by 4.1 percent in 2015, according to new numbersfrom the Bureau of Economic Analysis, tying it with Oregon for the fastest state growth of the year. That was up from 3.1 percent growth for the Golden State in 2014, which was near the top of the national pack.
The Kansas economy, on the other hand, grew 0.2 percent in 2015. That's down from 1.2 percent in 2014, and below neighboring states such as Nebraska (2.1 percent) and Missouri (1.2 percent). Kansas ended the year with two consecutive quarters of negative growth -- a shrinking economy. By a common definition of the term, the state entered 2016 in recession....
The verdict is in on "Trickle Down Economics." It doesn't work.
Nice event and the family was great, but, the policies ?????? not so much.
Good night
