Ping
When you subtract deficit spend(money printing) the economy is actually shrinking. My guess it is shrinking 1-2% annually. Maybe more.
What’s the GOPe solution?
More taxes.
More regulations.
More data collection.
More H-1Bs...
There are two much more important numbers for evaluating true growth. One is increase per-capita in GNP. Another is the debt, divided by population.
The shrinking of the middle class is a strong indication of how poorly the real US economy is doing. The solution? Less globalism, more protecting US jobs for US workers, less aspects of our lives being run by the feds.
First off Larry the economy is not growing at 2% or even 1%. Its at about .07% as of last quarter. We are in the beginning stages of a global deflationary depression that is going to be really unpleasant.
Larry Kudlow needs to read Peggy Noonan... it’s NOT the money Larry... and it’s not the anger...
No recession in sight? Half the country is out of work.
And the economy is barely growing, while the prices of food and other basics keep going up.
Amnesty!!
among other things, 2% growth got GHWBush un-elected.
We should be so lucky to have 2% real growth.
Without all the money printing we are in retraction.
Trump.
As long as we get a conservative, republic-backing, free-market, constitution-loving version of Trump.
Trump.
I’m voting for him now and hope that I am not duped.
“Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. “
Yeah,, it works just like that./s
The economy is still operating at half the level it was when the Democrats took control of Congress in 2007. Real unemployment is at 22.5%. Even leftist media like thy NYT are admitting employment has not recovered to the levels they were at before Obama took office (which was already bad).
If the GOP gets the presidency and keeps Congress the solution isn’t a plan, it’s re enabling the capitalist free market. Back off on too restrictive rules, don’t over regulate or tax the financial system and markets. Businesses will grow and jobs will be available. Back off on the too generous entitlements and maybe the healthy young will go to work.
How much growth do you think is possible?
How much more can education grow? If it doubled grandchildren might spend 26 to 34 (or 40 or 42) years in school.
The vehicles in the USA are generally big already.
How much more food can America’s generally overweight population eat?
Do you need twice as many TVs? two Iphones?
If new houses get 2% bigger every year, how long will it take for a typical new house to be twice as big?
2016 - 2,000 square feet
~2046 - 4,000 square feet
~2076 - 8,000 square foot
Remember too it only takes about 50% more material (and ~25% more labor hours) to make a house that’s twice as big.
I want the Federal government to get so far away from the notion that they steer or father the economy, that they stop making up and propagandizing phony statistics. Presidents don’t create jobs.
Stop spending to boost GDP
Stop the illegal alien invasion
End Obamacare
Throw out 10% of all regulations each year for 8 years. No one will notice.
End generous welfare hammocks.
And the number one way to boost the economy. Throw liberals out of office.
Nowadays, 3.5 percent is equal to ZERO GNPgrowth. They redid the calculations in 2013 and added 3 percent and last year added another .5 percent.
So we actually are in a recession.
Only a person with no or little faith in GOD would even formulate a question like this!
This country has no economic problems that politics can 'fix'; but SPIRITUAL ones that only REPENTANCE will fix.