âTrickle downâ and GDP growth arenât synonymous. Deficit spending stimulates the economy, no doubt. Whether thatâs achieved by reducing taxes or increasing spending (in Trumpâs case and in many others both) is irrelevant. GDP tends to increase either way.
In terms of whether it amounts to âtrickle downâ isnât as simple because it doesnât identify who benefits from that growth. If the goal is to raise the living standard of lower socioeconomic people, then trickle down seems to me to be highly inefficient. It would be more direct and efficient to make sure the tax cuts target the people who need it the most rather than hoping the benefits âtrickle downâ from on high.
All deficit spending is stimulative. Its a question of âwhoâ is being stimulated (eww). Corporations and the wealthy increasing spending doesnt mean it âtrickles downâ to the poor and middle class in a significant macroeconomic way. It just means they are spending or investing more. And all this with doubled deficits and increased rates.
Trump repealed a portion of the ACA; and said he would sign off on legislation that would repeal all of the ACA, but thanks to Paul Ryan the legislation didnât make it out of Congress.
Part of the wall is being built. Itâs just not finished.
"President Obamaâs post-recession gross domestic product (GDP) growth averaged an anemic 2.1 percent. In his last year in the White House, GDP grew at a pathetic 1.5 percent â hardly creating what Goolsby described as âsome of the best economic conditions for a new president in a half century.â Trumpâs reversal of failed Obama policies has created a booming economy | Fox News
Why is the GDP under the Obama administration lower than Trumpâs?
From the same source:
During the Obama era, wage increases never reached 3 percent in a 12-month period. One of the problems was too many people working part-time in the Obama years.
âThe unemployment rate in September stood at 3.7 percent, the lowest rate since 1969. Not coincidentally, for the week ending Oct. 15, initial claims for unemployment benefits were the lowest since 1973, when the U.S. population was 110 million people smaller. This is because the Trump economyâs job creation numbers are regularly beating expectations â averaging over 208,000 jobs per month so far this year.â
âIn the Trump years, the number of people working part-time because they are unable to find full-time jobs has dropped by 1.2 million, while the number of people working full-time has increased by 4.3 million. On top of the wage increases, benefits increased 2.6 percent. Perhaps more importantly, thanks to the Republican tax cuts, workers take-home pay has increased even more significantly at about 5 percent.â
Killary isnât in jail because Loretta Lynch exonerated her.
Unemployment was around 4.8% when Trump was sworn in. One of the longest sustained job growths in history. In fact, Obama created more jobs in his last 2 years as President than Trumps first 2. Trump still has not beat Obamaâs highest quarterly growths, and has increased gdp a little over 1.5% by doubling the deficit and returning spending to 2009 levels.
Remember that time you gave props to the Trump administration for recognizing kids with down syndrome and, in like a week, they cut millions of dollars of funding from the Special Olympics?