Trump,interest rates,recession, tax cuts and the deficit

[kingarthur65]

@zantax

Yes I know, anti-tax cut people always want to have their cake and eat it too. They want to count what the revenue would have been without the tax cut but keep the increased revenue from the larger GDP while they are at it.

Tax revenues from corporations decreased after the tax cuts. It’s not hard to figure out what those revenues would have been.

[kingarthur65]

@zantax

Two words, penny plan.

[kingarthur65]

@Paul_Thomson

Something you have to understand about Trump is that he doesn’t actually know anything about economics. He doesn’t know how interest rates work. He doesn’t know how tariffs work. He doesn’t know how trade deficits work. He doesn’t know what an inverted yield curve is. He doesn’t understand what the Fed does. He doesn’t really know what the national debt is. The list goes one and on.

How do you know what Trump knows?

He tells us how little he knows almost every day.