First of all, the state of the union message used to be a letter. These days you’d think it is the Grammys, Golden Globes or the Oscars. In addition it’s a national event. We’re ‘supposed’ to watch. In Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697.
America Is Back
Trump’s says the Economy Is Booming and America is Back. Really? Since when is 2.6 percent GDP growth a booming economy?
Wall Street Is Main Street
Furthermore during the Obama presidency republicans used to say ‘Main Street Isn’t Wall Street‘. Now that republicans are in power suddenly main street IS wall street. Even when the market is down.
Booming Roaring Economy, right?
In Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697 I’ll outline factors that go into our old style measurement of the economy. Yes there are bright spots. Much as we like good news, let’s not go overboard.
Wait. It’s Trump.
The Tax Bill. The Tax Bill!
The singular legislative ‘accomplishment’ of this administration so far is the tax bill. Lower corporate taxes are thought of as a good thing for business. Whether the so called middle class will benefit remains to be seen. Certainly the economic effects of changes in the tax code only a month old are not part of the current economic numbers. Find out why inTrump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697.
Trump supporters like to tout his executive orders. Many of these don’t do more than tell cabinet departments think differently. Most importantly Trump is issuing far fewer regulations. Have these actions produced economic results?
Witch Hunts Galore
Especially relevant are investigations on Russia and the FBI. The truth is none of this has had any real impact on the day to day business in the rest of the country and have failed to yield conclusive results so far.
Distractions Are The Order Of The Day
Welcome to life in America at the dawn of a technology revolution. This one makes the industrial revolution look like the middle ages. As it gathers speed every tenet of government and society will be challenged. Meanwhile we’re talking about porn stars and Trump’s latest insult.
No One Cares About Outmoded Thinking
In conclusion, most of the older adults in this country dream of a time marked by their own innocence in the late 1950’s and early 1960’s. Moreover our thinking about almost everything is outmoded. Mercantilism, trade protection, mass surveillance, bigger and more expensive government, and huge debts are not about freedom regardless of which party is in control of congress or the executive branch.
(EDITOR’S NOTE: On February 1st 2018 the Atlanta Federal Reserve projected US Economic Growth in the first quarter of the year to be 5.4 percent. This is a noteworthy prediction and if it holds for the US overall it will be a game changer. 5.4 percent GDP would be robust and if it holds through 2018 the terms ‘booming’ and ‘roaring’ would apply, at least as it pertains to GDP measurement.)
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Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697
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