Trump’s economy is working
“But beyond this, my son, be warned: the writing of many books is endless, and excessive devotion to books is wearing to the body.” Ecclesiastes 12:12
Hillary Clinton told us her version of “What Happened” in her book.
Donna Brazile is telling us what happened in her book, “Hacks: The Inside Story of the Break-ins and Breakdowns That Put Donald Trump in the White House.” George H. W. Bush (41) and George W. Bush (43) have decided to tell us what they think about President Trump in a new book by Mark Updegrove, “The Last Republicans.” Oh my!
You've heard the joke about Hillary's book? Trump explained, “I happened!” Brazile did not limit her criticism about the presidential election to Russian hacks and Trump collusions. She wrote, “Three titanic egos – Barack, Hillary, and Debbie – had stripped the party to a shell for their own purposes.” According to Updegrove's book, Bush 41 calls Trump “a blowhard,” and Bush 43 said, “This guy (Trump) doesn't know what it means to be president.”
I guess it's true what they say: “If you want a friend in Washington, get a dog.”
In the meantime, the U.S. economy (GDP) has grown by more than 3 percent in the second and third quarters, something Trump promised and “experts” poo pooed. May 24, 2017, Larry Light wrote in CBS's MoneyWatch, “The chance of reaching that level is a mere 4 percent.”
A May 23, 2017, AP article in “Finance & Commerce” noted, “The Trump administration's budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year — a level it hasn't achieved in more than a dozen years.” The same article went on to say, “The nonpartisan Congressional Budget Office estimates that the economy will expand on average 1.8 percent annually over the next decade — in sharp contrast to the Trump administration. The Trump team assumes that it can accelerate growth by more than a full percentage point — the equivalent of roughly $200 billion annually in today's dollars. At a time of sluggish worker productivity, an aging workforce and slower spending by consumers, most economists say the promises are farfetched.”
SHOCK ALERT: Sometimes the “experts,” including the Congressional Budget Office, are wrong. Not only is GDP growing at more than 3 percent, but unemployment is at its lowest point (4.1%) since 2000. The U.S. added 261,000 in October, and has added 1.5 million jobs since Trump took office.
Kevin Hassett, chairman of Trump's Council of Economic Advisors, told The Daily Signal, the administration had three main non-negotiable objectives for the proposed tax bill: “There needs to be a big tax cut for the middle class. There needs to be a corporate tax rate that goes down to 20 percent and makes our country competitive again. And it needs to be a lot simpler .... ”
Of course, you won't hear any of this good economic news from elite media, Democrats, or establishment politicians. The Washington Post gave four Pinocchios to Democrats' claim that the “GOP tax plan would raise taxes for most working class families.”
President Trump and entourage are on a 12-day trip to Asia making deals to improve our economy even more while America's elite media continue to slam him and call for his impeachment. I guess they long for “the good old days.”
Daniel L. Gardner is a syndicated columnist who lives in Starkville, MS. You may contact him at PJandMe2@gmail.com, or interact with him on the Clarion-Ledger web site http:// www.clarionledger.com/story/opinion/