01-10-2020, 02:26 PM
Trumps economy is a sham
Compare GDP growth and deficit spending over the 3 years of the Trump administration with the last three years of the Obama administration
..Budget deficit......GDP growth...Jobs added
(Obama)
2014.....$485B...…....2.5%...……..3.00 million
2015.....$438B...…….2.9%...……..2.71 million
2016.....$585B...…….1.6%...……..2.34 million
(Trump)
2017.....$665B...…….2.4%...……..2.18 million
2018.....$779B...…….2.9%...……..2.63 million
2019.....$1092B...…..2.1%...……..2.11 million
Trump has pumped up the economy with unfunded tax cuts and cuts in the prime rate by the FED.
Deficit spending is okay when the economy is slow and needs a boost, but when the economy is booming like it has been that is the time to reduc deficits. Instead the 2019 deficit is almost DOUBLE the deficit in Obama's last year in office.
Compare GDP growth and deficit spending over the 3 years of the Trump administration with the last three years of the Obama administration
..Budget deficit......GDP growth...Jobs added
(Obama)
2014.....$485B...…....2.5%...……..3.00 million
2015.....$438B...…….2.9%...……..2.71 million
2016.....$585B...…….1.6%...……..2.34 million
(Trump)
2017.....$665B...…….2.4%...……..2.18 million
2018.....$779B...…….2.9%...……..2.63 million
2019.....$1092B...…..2.1%...……..2.11 million
Trump has pumped up the economy with unfunded tax cuts and cuts in the prime rate by the FED.
Deficit spending is okay when the economy is slow and needs a boost, but when the economy is booming like it has been that is the time to reduc deficits. Instead the 2019 deficit is almost DOUBLE the deficit in Obama's last year in office.
